CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 117,196	$ 84,955
Non-controlling interests in subsidiaries’ loss	(17)	(22)
Net income including non-controlling interests	117,179	84,933
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:
Loss on deconsolidation of Venezuelan subsidiary (Note 1)	0	34,348
Depreciation and amortization	32,006	32,232
Equity earnings in affiliates, net	(75)	(58)
Deferred income taxes	6,396	(8,163)
Stock-based compensation	6,632	4,843
Pension (income) expense (Note 11)	(2,679)	9,256
Pension contributions and payments	(1,168)	(21,577)
Other, net	2,604	(2,075)
Changes in operating assets and liabilities, net of effects from acquisitions:
Increase in accounts receivable	(40,006)	(22,393)
Increase in inventories	(24,757)	(15,492)
Decrease (increase) in other current assets	2,639	(1,609)
Increase in trade accounts payable	12,619	22,228
Increase in other current liabilities	36,230	11,138
Net change in other assets and liabilities	4,067	(732)
NET CASH PROVIDED BY OPERATING ACTIVITIES	151,687	126,879
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(28,131)	(24,779)
Payments to Acquire Businesses, Net of Cash Acquired	0	(71,567)
Proceeds from sale of property, plant and equipment	1,102	679
Purchase of marketable securities	(69,934)	0
Proceeds from marketable securities	4,990	0
Other Investing Activities	0	(283)
NET CASH USED BY INVESTING ACTIVITIES	(91,973)	(95,950)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term borrowings	0	1,892
Payments on short-term borrowings	0	(1,522)
Amounts due banks, net	(192)	159,090
Proceeds from Issuance of Long-term Debt	15	261
Payments on long-term borrowings	(34)	(451)
Proceeds from exercise of stock options	13,397	5,715
Purchase of shares for treasury (Note 5)	(7,748)	(202,933)
Cash dividends paid to shareholders	(46,016)	(44,647)
Other financing activities	(15,189)	(18,244)
NET CASH USED BY FINANCING ACTIVITIES	(55,767)	(100,839)
Effect of exchange rate changes on Cash and cash equivalents	12,609	2,746
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	16,556	(67,164)
Cash and cash equivalents at beginning of period	379,179	304,183
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 395,735	$ 237,019