INCOME TAXES (Table)

12 Months Ended

Dec. 31, 2018

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



(In thousands)	2018		2017		2016
Domestic	$	217,374	$	179,006	$	154,571
Foreign	138,865		120,613		113,390
	$	356,239	$	299,619	$	267,961

Schedule Of Provision For Income Taxes [Table Text Block]



(In thousands)	2018			2017			2016
Current:
Federal	$	37,648		$	54,963		$	45,523
State	9,228			2,648			8,002
Foreign	25,285			23,162			20,861
Total current	72,161			80,773			74,386

Deferred:
Federal	8,518			2,595			4,267
State	(1,047		)	4,282			73
Foreign	858			(2,922		)	(147		)
Total deferred	8,329			3,955			4,193
Provision for income taxes	$	80,490		$	84,728		$	78,579

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



	2018		2017		2016
U.S. federal statutory tax rate	21.0	%	35.0	%	35.0	%
Add (deduct):
State and local taxes, net of federal benefit	2.2		1.8		1.1
R&D tax credits	(1.0	)	(1.3	)	(0.9	)
Foreign earnings ⁽¹⁾	0.9		(6.0	)	(5.8	)
Stock compensation - excess tax benefits	(1.3	)	(2.6	)	—
Impacts related to the Tax Act	1.8		3.4		—
All other, net	(1.0	)	(2.0	)	(0.1	)
Effective tax rate	22.6	%	28.3	%	29.3	%

⁽¹⁾ Foreign earnings primarily include the net impact of differences between local statutory rates and the U.S. Federal statutory rate, the cost of repatriating foreign earnings, and the impact of changes to foreign valuation allowances.

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

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



(In thousands)	2018		2017
Deferred tax assets:
Pension plans	$	28,020	$	18,903
Environmental reserves	8,613		7,109
Inventories	14,154		15,116
Postretirement/postemployment benefits	7,636		8,241
Incentive compensation	8,472		7,721
Net operating loss	9,868		10,908
Capital loss carryover	6,972		7,047
Other	27,795		28,775
Total deferred tax assets	111,530		103,820
Deferred tax liabilities:
Depreciation	24,983		19,586
Goodwill amortization	70,850		67,779
Other intangible amortization	33,600		38,252
Withholding taxes	10,300		3,800
Other	5,345		8,836
Total deferred tax liabilities	145,078		138,253
Valuation allowance	11,646		12,322
Net deferred tax liabilities	$	45,194	$	46,755

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



(In thousands)	2018		2017
Net noncurrent deferred tax assets	1,927		2,605
Net noncurrent deferred tax liabilities	47,121		49,360
Net deferred tax liabilities	$	45,194	$	46,755

Summary Of Unrecognized Tax Benefits [Table Text Block]



(In thousands)	2018			2017			2016
Balance as of January 1,	$	13,174		$	11,454		$	12,414
Additions for tax positions of prior periods	88			1,069			32
Reductions for tax positions of prior periods	(290		)	(194		)	(1,679		)
Additions for tax positions related to the current year	1,036			1,273			789
Settlements	(445		)	(428		)	(102		)
Balance as of December 31,	$	13,563		$	13,174		$	11,454

Summary Of Open Tax Years [Table Text Block]



United States (Federal)	2015	-	present
United States (Various states)	2007	-	present
United Kingdom	2011	-	present
Canada	2012	-	present