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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 38,649 $ 48,161
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 13,893 13,100
Amortization of deferred financing cost 164 114
Increase (decrease) to allowance for expected credit losses (253) 321
Increase (decrease) to inventory reserves 2,959 (463)
Equity income from joint ventures (2,524) (1,156)
Employee stock ownership plan allocation 1,148 1,257
Stock-based compensation 4,465 4,381
(Increase) decrease in deferred income taxes 2,090 (2,344)
Loss on discontinued operations, net of tax 2,782 2,017
Change in assets and liabilities:    
(Increase) in accounts receivable (49,659) (4,715)
(Increase) in inventories (87,744) (46,682)
(Increase) decrease in prepaid expenses and other current assets (7,102) 3,220
Increase in accounts payable 1,591 16,097
(Decrease) in sundry payables and accrued expenses (5,020) (6,491)
Net change in other assets and liabilities (10,772) (3,664)
Net cash provided by (used in) operating activities (95,333) 23,153
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of and investments in businesses 0 (109,267)
Capital expenditures (13,203) (11,709)
Other investing activities 0 2
Net cash used in investing activities (13,203) (120,974)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under the term loan 100,000 0
Net borrowings under revolving credit facilities 39,202 125,000
Net borrowings of other debt and capital lease obligations 117 2,250
Purchase of treasury stock (25,605) (11,096)
Payments of debt issuance costs (2,128) 0
Increase in overdraft balances 1,903 694
Dividends paid (11,822) (11,134)
Net cash provided by financing activities 101,667 105,714
Effect of exchange rate changes on cash (700) 72
Net increase (decrease) in cash and cash equivalents (7,569) 7,965
CASH AND CASH EQUIVALENTS at beginning of period 21,755 19,488
CASH AND CASH EQUIVALENTS at end of period 14,186 27,453
Cash paid during the period for:    
Interest 2,219 481
Income taxes $ 18,897 $ 12,803