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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 697,552 $ 701,624 $ 2,168,719 $ 2,000,096
Cost of goods sold 484,190 516,172 1,515,095 1,457,702
Gross profit 213,362 185,452 653,624 542,394
Selling, general & administrative expenses 121,602 110,629 372,931 327,794
Rationalization and asset impairment charges (gains) 3,059   4,317 282
Operating income 88,701 74,823 276,376 214,318
Other income (expense):        
Interest income 916 1,167 2,648 2,436
Equity earnings in affiliates 1,566 1,488 4,264 4,033
Other income 746 147 2,015 2,154
Interest expense (1,040) (1,752) (3,338) (5,037)
Total other income (expense) 2,188 1,050 5,589 3,586
Income before income taxes 90,889 75,873 281,965 217,904
Income taxes 26,153 20,515 86,715 58,582
Net income including noncontrolling interests 64,736 55,358 195,250 159,322
Noncontrolling interests in subsidiaries' loss (29) (172) (77) (131)
Net income $ 64,765 $ 55,530 $ 195,327 $ 159,453
Basic earnings per share (in dollars per share) $ 0.78 $ 0.66 $ 2.35 $ 1.90
Diluted earnings per share (in dollars per share) $ 0.77 $ 0.66 $ 2.32 $ 1.88
Cash dividends declared per share (in dollars per share) $ 0.17 $ 0.155 $ 0.51 $ 0.465