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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 47,547 $ 72,224
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 20,895 20,160
Amortization of deferred financing cost 294 171
Increase (decrease) to allowance for expected credit losses (561) 381
Increase (decrease) to inventory reserves 4,354 (443)
Equity income from joint ventures (3,553) (2,419)
Employee stock ownership plan allocation 1,722 1,885
Stock-based compensation 6,327 7,189
Decrease in deferred income taxes 245 1
Loss on discontinued operations, net of tax 17,076 7,139
Change in assets and liabilities:    
(Increase) in accounts receivable (51,887) (15,343)
(Increase) in inventories (75,300) (52,742)
(Increase) decrease in prepaid expenses and other current assets (6,270) 2,324
Increase (decrease) in accounts payable (31,844) 24,228
Increase in sundry payables and accrued expenses 3,807 18,905
Net change in other assets and liabilities (8,327) (4,522)
Net cash provided by (used in) operating activities (75,475) 79,138
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions of and investments in businesses 0 (124,663)
Capital expenditures (19,499) (19,406)
Other investing activities 12 29
Net cash used in investing activities (19,487) (144,040)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under the term loan 100,000 0
Repayments of the term loan (1,250) 0
Net borrowings under revolving credit facilities 44,452 118,938
Net borrowings (repayments) of other debt and capital lease obligations (1,745) 2,916
Purchase of treasury stock (29,656) (26,518)
Payments of debt issuance costs (2,128) 0
Increase (decrease) in overdraft balances (54) 455
Dividends paid (17,602) (16,678)
Net cash provided by financing activities 92,017 79,113
Effect of exchange rate changes on cash (1,285) (555)
Net increase (decrease) in cash and cash equivalents (4,230) 13,656
CASH AND CASH EQUIVALENTS at beginning of period 21,755 19,488
CASH AND CASH EQUIVALENTS at end of period 17,525 33,144
Cash paid during the period for:    
Interest 5,828 1,094
Income taxes $ 21,837 $ 18,361