v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 17,840 $ 12,128
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,993 6,963
LIFO expense 1,316 995
Pension expense 522 696
Stock based compensation 1,177 1,048
Amortization of debt issuance fees 295 295
Other (436) (489)
Changes in operating assets and liabilities:    
Accounts receivable, net (13,979) (5,359)
Inventories, net (1,409) (231)
Accounts payable 6,490 2,408
Commissions payable (536) 2,471
Deferred revenue and customer deposits 2,930 (1,548)
Income taxes 4,244 2,608
Accrued expenses and other (2,921) 589
Benefit obligations (539) (1,474)
Net cash provided by operating activities 21,987 21,100
Cash flows from investing activities:    
Capital additions (4,258) (3,020)
Other 127 19
Net cash used for investing activities (4,131) (3,001)
Cash flows from financing activities:    
Cash dividends (4,999) (4,852)
Treasury share repurchases (2,649) (1,141)
Payments to banks for borrowings (15,000) (14,625)
Other (30) (30)
Net cash used for financing activities (22,678) (20,648)
Effect of exchange rate changes on cash (406) 176
Net increase (decrease) in cash and cash equivalents (5,228) (2,373)
Cash and cash equivalents:    
Beginning of period 35,083 24,213
End of period $ 29,855 $ 21,840