INCOME TAXES (Table)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule Of Income Before Income Tax, Domestic and Foreign [Table Text Block]

(In thousands)	2014		2013		2012
Domestic	$	120,563	$	105,188	$	80,475
Foreign	126,381		95,862		74,746
	$	246,944	$	201,050	$	155,221

Schedule Of Provision For Income Taxes [Table Text Block]

(In thousands)	2014			2013			2012
Current:
Federal	$	70,609		$	29,323		$	27,882
State	9,065			5,629			5,465
Foreign	33,401			20,807			21,369
	113,075			55,759			54,716
Deferred:
Federal	(29,469		)	7,982			758
State	(1,275		)	644			(1,122		)
Foreign	(5,070		)	(802		)	(5,172		)
	(35,814		)	7,824			(5,536		)
Valuation allowance	(266		)	(1,937		)	1,960
Provision for income taxes	$	76,995		$	61,646		$	51,140

Schedule Of Effective Income Tax Rate Reconciliation [Table Text Block]

	2014		2013		2012
U.S. federal statutory tax rate	35.0	%	35.0	%	35.0	%
Add (deduct):
State and local taxes, net of federal benefit	2.4		1.6		1.7
R&D tax credits	(1.3	)	(1.5	)	(0.9	)
Foreign earnings (1)	(4.4	)	(3.7	)	(3.0	)
All other, net	(0.5	)	(0.7	)	0.1
Effective tax rate	31.2	%	30.7	%	32.9	%

Schedule Of Deferred Tax Assets And Liabilities [Table Text Block]

The components of the Corporation’s deferred tax assets and liabilities at December 31 are as follows:

(In thousands)	2014			2013
Deferred tax assets:
Capital loss carryover	$	17,555		$	—
Environmental reserves	10,123			9,913
Inventories	18,496			20,197
Postretirement/postemployment benefits	13,326			12,641
Incentive compensation	16,140			6,727
Accrued vacation pay	4,968			5,745
Warranty reserves	4,330			5,073
Share-based payments	4,422			7,718
Pension plans	84,493			43,684
Net operating loss	8,909			9,826
Other	12,609			14,793
Total deferred tax assets	195,371			136,317
Deferred tax liabilities:
Undistributed earnings	7,840			4,077
Depreciation	33,117			52,242
Goodwill amortization	74,555			65,644
Other intangible amortization	62,777			81,634
Other	1,612			4,119
Total deferred tax liabilities	179,901			207,716
Valuation allowance	23,478			6,321
Net deferred tax assets/(liabilities)	$	(8,008	)	$	(77,720	)

Deferred tax assets and liabilities are reflected on the Corporation’s consolidated balance sheet at December 31 as follows:

(In thousands)	2014			2013
Net current deferred tax assets	$	44,311		$	47,650
Net current deferred tax liabilities	2,448			3,175
Net noncurrent deferred tax assets	1,683			1,449
Net noncurrent deferred tax liabilities	51,554			123,644
Net deferred tax assets/(liabilities)	$	(8,008	)	$	(77,720	)

Summary Of Unrecognized Tax Benefits [Table Text Block]

(In thousands)	2014			2013			2012
Balance at January 1,	$	10,623		$	11,301		$	5,769
Additions for tax positions of prior periods	1,421			1,511			4,591
Additions for tax positions related to the current year	1,738			1,768			1,019
Settlements	(2,039		)	(3,868		)	(53		)
Lapses of statute of limitations	(41		)	(140		)	(28		)
Foreign currency translation	(142		)	51			3
Balance at December 31,	$	11,560		$	10,623		$	11,301

Summary Of Open Tax Years [Table Text Block]

United States (Federal)	2011	-	present
United States (Various states)	1998	-	present
United Kingdom	2007	-	present
Canada	2008	-	present