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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 30,482 $ 27,866
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 22,008 21,461
Amortization of deferred financing cost 1,655 370
Increase to allowance for expected credit losses 461 333
Increase to inventory reserves 3,731 2,010
Equity income from joint ventures (3,520) (2,181)
Employee stock ownership plan allocation 2,090 2,225
Stock-based compensation 4,464 5,243
Increase in deferred income taxes (4,408) (3,299)
Loss on discontinued operations, net of tax 24,727 28,201
Change in assets and liabilities:    
Increase in accounts receivable (59,040) (38,850)
Decrease in inventories 2,895 54,286
Increase (decrease) in prepaid expenses and other current assets (2,739) 2,916
Increase in accounts payable 4,487 15,852
Increase in sundry payables and accrued expenses 45,470 12,345
Net change in other assets and liabilities 5,437 4,115
Net cash provided by operating activities 78,200 132,893
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of and investment in businesses 0 (3,954)
Cash acquired in step acquisition 0 6,779
Capital expenditures (34,136) (17,977)
Other investing activities 18 95
Net cash used in investing activities (34,118) (15,057)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of term loan (92,500) (3,750)
Net borrowings (repayments) under revolving credit facilities 76,500 (88,350)
Net borrowings (repayments) of other debt and lease obligations 2,578 (49)
Purchase of treasury stock (10,409) 0
Payments of debt issuance costs (4,183) 0
Increase in overdraft balances 549 253
Dividends paid (19,004) (18,846)
Dividends paid to noncontrolling interest (1,200) (255)
Net cash used in financing activities (47,669) (110,997)
Effect of exchange rate changes on cash (2,591) 496
Net (decrease) increase in cash and cash equivalents (6,178) 7,335
Cash and cash equivalents, beginning of period 32,526 21,150
Cash and cash equivalents, ending of period 26,348 28,485
Cash paid during the period for:    
Interest 7,973 11,749
Income taxes 10,947 11,352
Noncash financing activity:    
Dividend payable to noncontrolling interest $ 800 $ 0