v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 59,983 $ 39,269
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,591 20,820
LIFO expense 2,531 4,266
Pension expense 1,489 2,076
Stock based compensation 4,329 2,850
Contributions to pension plans (2,154) (2,113)
Amortization of debt issuance fees 886 886
Other 241 247
Changes in operating assets and liabilities:    
Accounts receivable, net (21,100) (3,085)
Inventories, net 8,063 2,662
Accounts payable 8,923 7,926
Commissions payable (253) 65
Deferred revenue and customer deposits 1,938 610
Income taxes 15,449 4,152
Accrued expenses and other (300) 2,137
Benefit obligations 13,294 8,462
Net cash provided by operating activities 114,910 91,230
Cash flows from investing activities:    
Capital additions (14,687) (12,533)
Other 360 85
Net cash used for investing activities (14,327) (12,448)
Cash flows from financing activities:    
Cash dividends (15,035) (14,586)
Treasury share repurchases (2,649) (1,152)
Payments to banks for borrowings (58,000) (45,000)
Other (92) (90)
Net cash used for financing activities (75,776) (60,828)
Effect of exchange rate changes on cash (588) 770
Net increase in cash and cash equivalents 24,219 18,724
Cash and cash equivalents:    
Beginning of period 35,083 24,213
End of period $ 59,302 $ 42,937