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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 8,990 $ 11,957
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 7,301 7,082
Amortization of deferred financing cost 120 124
Increase to allowance for expected credit losses 191 388
Increase to inventory reserves 1,068 962
Equity income from joint ventures (694) (154)
Employee Stock Ownership Plan allocation 697 742
Stock-based compensation 1,270 1,532
(Increase) decrease in deferred income taxes (180) 213
Loss on discontinued operations, net of tax 1,039 780
Change in assets and liabilities:    
Increase in accounts receivable (43,978) (42,617)
(Increase) decrease in inventories (14,670) 6,195
Decrease in prepaid expenses and other current assets 1,649 1,165
Increase (decrease) in accounts payable (9,274) 4,809
Increase (decrease) in sundry payables and accrued expenses 3,988 (10,656)
Net changes in other assets and liabilities (3,233) (2,964)
Net cash used in operating activities (45,716) (20,442)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (10,086) (4,363)
Other investing activities 15 13
Net cash used in investing activities (10,071) (4,350)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of term loan (1,250) (1,250)
Net borrowings under revolving credit facilities 59,950 34,750
Net repayments of other debt and lease obligations (8) (22)
Purchase of treasury stock (2,235) 0
Increase in overdraft balances 315 125
Dividends paid (6,392) (6,261)
Net cash provided by financing activities 50,380 27,342
Effect of exchange rate changes on cash (6) 496
Net increase (decrease) in cash and cash equivalents (5,413) 3,046
CASH AND CASH EQUIVALENTS at beginning of period 32,526 21,150
CASH AND CASH EQUIVALENTS at end of period 27,113 24,196
Cash paid during the period for:    
Interest 2,241 3,970
Income taxes $ 3,532 $ 3,163