CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 82,558	$ 156,932
Non-controlling interests in subsidiaries’ income (loss)	10	(22)
Net income including non-controlling interests	82,568	156,910
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:
Rationalization and asset impairment net charges (Note 6)	21,905	1,069
Depreciation and amortization	41,078	39,252
Equity earnings in affiliates, net	(243)	(1,217)
Deferred income taxes	(10,636)	2,674
Stock-based compensation	7,807	8,745
Other, net	(2,459)	(5,700)
Changes in operating assets and liabilities, net of effects from acquisitions:
Decrease (increase) in accounts receivable	23,666	(21,271)
Increase in inventories	(30,378)	(27,767)
Increase in other current assets	3,241	11,135
Decrease in trade accounts payable	(40,115)	(15,469)
Increase (decrease) in other current liabilities	29,169	2,812
Net change in other assets and liabilities	410	812
NET CASH PROVIDED BY OPERATING ACTIVITIES	126,013	151,985
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(25,011)	(36,513)
Payments to Acquire Businesses, Net of Cash Acquired	0	(107,843)
Proceeds from sale of property, plant and equipment	6,218	8,712
Other Investing Activities	0	2,000
NET CASH USED BY INVESTING ACTIVITIES	(18,793)	(133,644)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term borrowings	40	0
Payments on short-term borrowings	(1,752)	0
Amounts due banks, net	16,818	29,982
Payments on long-term borrowings	(11)	(5)
Proceeds from exercise of stock options	2,002	960
Purchase of shares for treasury (Note 8)	(112,975)	(160,914)
Cash dividends paid to shareholders	(59,814)	(60,101)
NET CASH USED BY FINANCING ACTIVITIES	(155,692)	(190,078)
Effect of Exchange Rate on Cash and Cash Equivalents	(8,036)	2,749
Cash and Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(56,508)	(168,988)
Cash and Cash Equivalents, Beginning Balance	199,563	358,849
Cash and Cash Equivalents, Ending Balance	$ 143,055	$ 189,861