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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 21,144 $ 38,649
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:    
Depreciation and amortization 14,129 13,893
Amortization of deferred financing cost 248 164
Increase (decrease) to allowance for expected credit losses 204 (253)
Increase to inventory reserves 1,600 2,959
Equity income from joint ventures (943) (2,524)
Employee stock ownership plan allocation 1,483 1,148
Stock-based compensation 3,633 4,465
(Increase) decrease in deferred income taxes (390) 2,090
Loss on discontinued operations, net of tax 10,001 2,782
Change in assets and liabilities:    
Increase in accounts receivable (48,271) (49,659)
(Increase) decrease in inventories 30,924 (87,744)
Increase in prepaid expenses and other current assets (468) (7,102)
Increase in accounts payable 4,323 1,591
Increase (decrease) in sundry payables and accrued expenses 2,776 (5,020)
Net change in other assets and liabilities (1,023) (10,772)
Net cash provided by (used in) operating activities 39,370 (95,333)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (9,507) (13,203)
Other investing activities 66 0
Net cash used in investing activities (9,441) (13,203)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under the term loan 0 100,000
Repayments of term loan (2,500) 0
Net borrowings (repayments) under revolving credit facilities (14,000) 39,202
Net borrowings (repayments) of other debt and lease obligations (47) 117
Purchase of treasury stock 0 (25,605)
Payments of debt issuance costs 0 (2,128)
Increase in overdraft balances 258 1,903
Dividends paid (12,544) (11,822)
Dividends paid to noncontrolling interest (255) 0
Net cash provided by (used in) financing activities (29,088) 101,667
Effect of exchange rate changes on cash 1,028 (700)
Net increase (decrease) in cash and cash equivalents 1,869 (7,569)
CASH AND CASH EQUIVALENTS at beginning of period 21,150 21,755
CASH AND CASH EQUIVALENTS at end of period 23,019 14,186
Cash paid during the period for:    
Interest 7,694 2,219
Income taxes $ 9,356 $ 18,897