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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income Statement [Abstract]        
Net sales $ 727,432 $ 744,045 $ 1,446,005 $ 1,471,167
Cost of goods sold 487,094 519,048 979,095 1,030,905
Gross profit 240,338 224,997 466,910 440,262
Selling, general & administrative expenses 135,215 127,714 272,106 251,329
Rationalization and asset impairment charges 851 1,258 1,902 1,258
Operating income 104,272 96,025 192,902 187,675
Other income (expense):        
Interest income 890 849 1,916 1,732
Equity earnings in affiliates 1,258 2,006 2,517 2,698
Other income 913 403 1,627 1,269
Interest expense (799) (1,126) (1,749) (2,298)
Total other income 2,262 2,132 4,311 3,401
Income before income taxes 106,534 98,157 197,213 191,076
Income taxes 34,007 31,792 57,843 60,562
Net income including non-controlling interests 72,527 66,365 139,370 130,514
Non-controlling interests in subsidiaries’ (loss) earnings (79) 46 (42) (48)
Net income $ 72,606 $ 66,319 $ 139,412 $ 130,562
Basic earnings per share (in dollars per share) $ 0.88 $ 0.80 $ 1.69 $ 1.57
Diluted earnings per share (in dollars per share) $ 0.87 $ 0.79 $ 1.67 $ 1.54
Cash dividends declared per share (in dollars per share) $ 0.2 $ 0.17 $ 0.40 $ 0.34