v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net earnings $ 44,170 $ 34,462
Adjustments to arrive at net cash provided by operating activities:    
Depreciation and amortization 15,538 15,074
Share-based compensation expense 3,776 2,900
Net (gain) loss on assets (305) 46
Portfolio Optimization Plan costs 0 831
Deferred income taxes 1,897 1,282
Changes in operating assets and liabilities:    
Trade accounts receivable (37,718) (20,780)
Inventories (5,360) 7,202
Prepaid expenses and other assets (270) (8,064)
Accounts payable and other accrued expenses (22,837) (25,859)
Accrued salaries, wages, and withholdings from employees (15,273) (21,665)
Income taxes 2,562 4,989
Other liabilities 203 604
Net cash used in operating activities (13,617) (8,978)
Cash flows from investing activities:    
Acquisition of property, plant, and equipment (28,737) (16,854)
Proceeds from sale of assets 2,016 7
Acquisition of new business 0 (4,349)
Other investing activities (200) (88)
Net cash used in investing activities (26,921) (21,284)
Cash flows from financing activities:    
Proceeds from additional borrowings 140,139 66,449
Debt payments (76,867) (10,771)
Dividends paid (17,426) (17,376)
Other financing activities (3,447) (2,341)
Net cash provided by financing activities 42,399 35,961
Effect of exchange rate changes on cash and cash equivalents 148 249
Net increase in cash and cash equivalents 2,009 5,948
Cash and cash equivalents at beginning of period 36,533 26,626
Cash and cash equivalents at end of period $ 38,542 $ 32,574