v3.26.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net earnings $ 57,055 $ 72,982
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 5,661 5,719
Amortization 13,249 11,358
Noncurrent employee benefits 14 5
Stock-based compensation expense 5,347 4,404
Changes in:    
Receivables (8,562) (25,306)
Inventories (21,210) 4,019
Payables 23,995 16,222
Prepaid expenses and other assets (7,685) (3,088)
Other liabilities (7,260) (8,702)
Total adjustments 3,549 4,631
Net cash provided by operations 60,604 77,613
Investing activities:    
Property, plant and equipment expenditures (9,266) (6,904)
Acquisitions, net of cash acquired (94,375) (184,024)
Net cash used for investing activities (103,641) (190,928)
Financing activities:    
Dividends paid (23,302) (20,021)
Proceeds from exercise of stock options 140 554
Repurchase of common stock for treasury stock (63,467) 0
Net cash used for financing activities (86,629) (19,467)
Effect of foreign exchange rates on cash (617) 2,685
(Decrease) increase in cash and cash equivalents (130,283) (130,097)
Cash and cash equivalents - beginning of period 226,016 295,305
Cash and cash equivalents - end of period $ 95,733 $ 165,208