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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 715,777 $ 691,875 $ 2,129,370 $ 2,137,880
Cost of goods sold 474,168 459,178 1,411,158 1,438,273
Gross profit 241,609 232,697 718,212 699,607
Selling, general & administrative expenses 136,424 131,217 419,495 403,323
Rationalization and asset impairment charges 29,068 6,302 29,887 8,204
Operating income 76,117 95,178 268,830 288,080
Other income (expense):        
Interest income 627 536 2,465 2,452
Equity earnings in affiliates 1,172 1,170 4,308 3,687
Other income 1,043 1,514 3,204 3,141
Interest expense (1,174) (558) (3,730) (2,307)
Total other income 1,668 2,662 6,247 6,973
Income before income taxes 77,785 97,840 275,077 295,053
Income taxes 32,953 33,588 96,532 91,431
Net income including non-controlling interests 44,832 64,252 178,545 203,622
Non-controlling interests in subsidiaries’ loss (857) (1,792) (929) (1,834)
Net income $ 45,689 $ 66,044 $ 179,474 $ 205,456
Basic earnings per share (in dollars per share) $ 0.58 $ 0.81 $ 2.25 $ 2.50
Diluted earnings per share (in dollars per share) $ 0.57 $ 0.80 $ 2.22 $ 2.47
Cash dividends declared per share (in dollars per share) $ 0.23 $ 0.2 $ 0.69 $ 0.60