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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net sales $ 2,852,671 $ 2,853,367 $ 2,694,609
Cost of goods sold 1,910,017 1,986,711 1,957,872
Gross profit 942,654 866,656 736,737
Selling, general & administrative expenses 527,206 495,221 439,775
Rationalization and asset impairment charges (gains) 8,463 9,354 282
Operating income 406,985 362,081 296,680
Other income (expense):      
Interest income 3,320 3,988 3,121
Equity earnings in affiliates 4,806 5,007 5,385
Other income 4,194 2,685 2,849
Interest expense (2,864) (4,191) (6,704)
Total other income (expense) 9,456 7,489 4,651
Income before income taxes 416,441 369,570 301,331
Income taxes 124,754 112,354 84,318
Net income including non-controlling interests 291,687 257,216 217,013
Non-controlling interests in subsidiaries' (loss) earnings (2,093) (195) (173)
Net income $ 293,780 $ 257,411 $ 217,186
Basic earnings per share (in dollars per share) $ 3.58 $ 3.10 $ 2.60
Diluted earnings per share (in dollars per share) $ 3.54 $ 3.06 $ 2.56
Cash dividends declared per share (in dollars per share) $ 0.83 $ 0.710 $ 0.635