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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net sales $ 592,418 $ 664,740 $ 1,143,140 $ 1,322,640
Cost of goods sold 389,491 438,959 751,111 876,469
Gross profit 202,927 225,781 392,029 446,171
Selling, general & administrative expenses 120,497 127,755 234,307 257,646
Restructuring, Settlement and Impairment Provisions 0 1,239 0 1,239
Deconsolidation, (Gain) Loss, Amount 34,348 0 34,348 0
Operating income 48,082 96,787 123,374 187,286
Other income (expense):        
Interest income 435 738 865 1,331
Equity earnings in affiliates 839 979 1,465 1,828
Other income 588 317 1,249 2,927
Interest expense (4,186) (4,387) (8,013) (6,231)
Total other income (expense) (2,324) (2,353) (4,434) (145)
Income before income taxes 45,758 94,434 118,940 187,141
Income taxes 14,449 23,558 34,007 47,947
Net income including non-controlling interests 31,309 70,876 84,933 139,194
Non-controlling interests in subsidiaries’ loss (8) (22) (22) (58)
Net income $ 31,317 $ 70,898 $ 84,955 $ 139,252
Basic earnings (loss) per share (in dollars per share) $ 0.46 $ 0.95 $ 1.23 $ 1.84
Diluted earnings (loss) per share (in dollars per share) 0.45 0.94 1.22 1.82
Cash dividends declared per share (in dollars per share) $ 0.32 $ 0.29 $ 0.64 $ 0.58