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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net sales $ 567,646 $ 645,166 $ 1,710,786 $ 1,967,806
Cost of goods sold 367,834 446,272 1,118,945 1,322,741
Gross profit 199,812 198,894 591,841 645,065
Selling, general & administrative expenses 117,983 128,299 352,290 385,945
Restructuring, Settlement and Impairment Provisions 0 18,285 0 19,524
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements 0 (136,331) 0 (136,331)
Deconsolidation, (Gain) Loss, Amount 0 0 34,348 0
Operating income (loss) 81,829 (84,021) 205,203 103,265
Other income (expense):        
Interest income 360 692 1,225 2,023
Equity earnings in affiliates 619 310 2,084 2,138
Other income 1,303 296 2,552 3,223
Interest expense (3,815) (5,803) (11,828) (12,034)
Total other income (expense) (1,533) (4,505) (5,967) (4,650)
Income (loss) before income taxes 80,296 (88,526) 199,236 98,615
Income taxes 20,257 (28,045) 54,264 19,902
Net income (loss) including non-controlling interests 60,039 (60,481) 144,972 78,713
Non-controlling interests in subsidiaries’ loss (10) (15) (32) (73)
Net income (loss) $ 60,049 $ (60,466) $ 145,004 $ 78,786
Basic earnings (loss) per share (in dollars per share) $ 0.90 $ (0.82) $ 2.13 $ 1.05
Diluted earnings (loss) per share (in dollars per share) 0.89 (0.82) 2.11 1.04
Cash dividends declared per share (in dollars per share) $ 0.32 $ 0.29 $ 0.96 $ 0.87