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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income Statement [Abstract]        
Net sales $ 691,875 $ 697,552 $ 2,137,880 $ 2,168,719
Cost of goods sold 459,178 484,190 1,438,273 1,515,095
Gross profit 232,697 213,362 699,607 653,624
Selling, general & administrative expenses 131,217 121,602 403,323 372,931
Rationalization and asset impairment charges 6,302 3,059 8,204 4,317
Operating income 95,178 88,701 288,080 276,376
Other income (expense):        
Interest income 536 916 2,452 2,648
Equity earnings in affiliates 1,170 1,566 3,687 4,264
Other income 1,514 746 3,141 2,015
Interest expense (558) (1,040) (2,307) (3,338)
Total other income 2,662 2,188 6,973 5,589
Income before income taxes 97,840 90,889 295,053 281,965
Income taxes 33,588 26,153 91,431 86,715
Net income including non-controlling interests 64,252 64,736 203,622 195,250
Non-controlling interests in subsidiaries’ loss (1,792) (29) (1,834) (77)
Net income $ 66,044 $ 64,765 $ 205,456 $ 195,327
Basic earnings per share (in dollars per share) $ 0.81 $ 0.78 $ 2.50 $ 2.35
Diluted earnings per share (in dollars per share) $ 0.80 $ 0.77 $ 2.47 $ 2.32
Cash dividends declared per share (in dollars per share) $ 0.20 $ 0.17 $ 0.60 $ 0.51