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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net sales$ 701,624$ 519,338$ 2,000,096$ 1,505,880
Cost of goods sold516,172375,2671,457,7021,089,893
Gross profit185,452144,071542,394415,987
Selling, general & administrative expenses110,62995,612327,794284,452
Rationalization and asset impairment charges (gains) 269282(2,559)
Operating income74,82348,190214,318134,094
Other income (expense):    
Interest income1,1676022,4361,781
Equity earnings in affiliates1,4881,0704,0332,684
Other income1476282,1541,324
Interest expense(1,752)(1,671)(5,037)(4,751)
Total other income1,0506293,5861,038
Income before income taxes75,87348,819217,904135,132
Income taxes20,51516,19158,58244,431
Net income including noncontrolling interests55,35832,628159,32290,701
Noncontrolling interests in subsidiaries' (loss) earnings(172)155(131)1,960
Net income$ 55,530$ 32,473$ 159,453$ 88,741
Basic weighted average shares outstanding (in shares)83,61384,26883,78184,563
Effect of dilutive securities - stock options and awards (in shares)9368031,045776
Diluted weighted average shares outstanding (in shares)84,54985,07184,82685,339
Basic earnings per share (in dollars per share)$ 0.66$ 0.39$ 1.90$ 1.05
Diluted earnings per share (in dollars per share)$ 0.66$ 0.38$ 1.88$ 1.04
Cash dividends declared per share (in dollars per share)$ 0.155$ 0.14$ 0.465$ 0.42