CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 55,844	$ 53,638
Non-controlling interests in subsidiaries’ income (loss)	4	(14)
Net income including non-controlling interests	55,848	53,624
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:
Depreciation and amortization	16,166	15,625
Equity earnings in affiliates, net	(270)	(2)
Deferred income taxes	822	(4,238)
Stock-based compensation	3,268	2,154
Pension (income) expense	(1,345)	4,144
Pension contributions and payments	(550)	(20,865)
Other, net	2,451	5
Changes in operating assets and liabilities, net of effects from acquisitions:
Increase in accounts receivable	(24,195)	(16,592)
Increase in inventories	(20,946)	(10,780)
Decrease (increase) in other current assets	4,517	(10,546)
Increase in trade accounts payable	7,164	4,657
Increase in other current liabilities	30,816	7,992
Net change in other assets and liabilities	2,494	(460)
NET CASH PROVIDED BY OPERATING ACTIVITIES	76,240	24,718
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(12,037)	(8,885)
Proceeds from sale of property, plant and equipment	203	458
Purchase of marketable securities	(34,925)	0
Proceeds from marketable securities	3,800	0
NET CASH USED BY INVESTING ACTIVITIES	(42,959)	(8,427)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term borrowings	0	1,295
Payments on short-term borrowings	0	(563)
Amounts due banks, net	107	21,055
Proceeds from Issuance of Long-term Debt	15	224
Payments on long-term borrowings	(12)	(255)
Proceeds from exercise of stock options	5,643	2,015
Purchase of shares for treasury (Note 5)	(403)	(102,488)
Cash dividends paid to shareholders	(22,986)	(22,625)
Other financing activities	(7)	(3,806)
NET CASH USED BY FINANCING ACTIVITIES	(17,643)	(105,148)
Effect of exchange rate changes on Cash and cash equivalents	6,623	5,670
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	22,261	(83,187)
Cash and cash equivalents at beginning of period	379,179	304,183
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 401,440	$ 220,996