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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 38,278 $ 26,397
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 21,192 14,619
Amortization of deferred financing cost 637 240
Increase to allowance for expected credit losses 2,041 418
Increase to inventory reserves 3,907 2,907
Equity income from joint ventures (2,139) (2,207)
Employee stock ownership plan allocation 1,350 1,394
Stock-based compensation 3,301 3,049
Decrease (increase) in deferred income taxes 504 (241)
Loss on discontinued operations, net of tax 2,197 1,956
Change in assets and liabilities:    
Increase in accounts receivable (108,180) (81,060)
Increase in inventories (3,217) (3,641)
Decrease in prepaid expenses and other current assets 5,816 2,757
Increase (decrease) in accounts payable 17,068 (2,168)
Increase in sundry payables and accrued expenses 15,863 29,966
Net change in other assets and liabilities (4,521) (4,525)
Net cash used in operating activities (5,903) (10,139)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (19,295) (22,941)
Other investing activities 2,972 18
Net cash used in investing activities (16,323) (22,923)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayments of term loans (7,821) (2,500)
Net borrowings under revolving credit facilities 52,668 54,500
Net borrowings (repayments) of other debt and lease obligations 1,021 (14)
Purchase of treasury stock 0 (10,409)
Increase in overdraft balances 348 200
Dividends paid (13,592) (12,706)
Dividends paid to noncontrolling interest 0 (600)
Net cash provided by financing activities 32,624 28,471
Effect of exchange rate changes on cash 3,968 (1,779)
Net increase (decrease) in cash 14,366 (6,370)
CASH at beginning of period 44,426 32,526
CASH at end of period 58,792 26,156
Cash paid during the period for:    
Interest 16,943 5,603
Income taxes 9,237 6,435
Noncash financing activity:    
Dividend payable to noncontrolling interest $ 0 $ 1,400