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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Retained Earnings
Accumulated Other Comprehensive (Loss)Income
Common Stock Par Value
Treasury Stock
Capital in Excess of Par Value
Non- Controlling Interest
Balance at beginning of period at Dec. 31, 2020 $ 1,850,785 $ 1,643,825 $ (281,709) $ 695 $ (361,583) $ 849,161 $ 396
Increase (Decrease) in Stockholders' Equity              
Net income 243,638 244,097         (459)
Acquisitions of non-controlling interest 38,543           38,543
Purchases of subsidiary shares from non-controlling interest (23,020)           (23,020)
Foreign currency translation adjustments (71,742)   (71,475)       (267)
Changes in unrecognized pension gains (losses) and related amortization, net of tax 35,836   35,836        
Changes in derivative gains (losses), net of tax 1,307   1,307        
Stock awards and option exercises 85,910     9 18,528 67,373  
Cash dividends declared on common stock (98,509) (98,509)          
Treasury stock purchased (78,148)       (78,148)    
Balance at end of period at Dec. 31, 2021 1,984,600 1,789,413 (316,041) 704 (421,203) 916,534 15,193
Increase (Decrease) in Stockholders' Equity              
Net income 239,555 239,288         267
Foreign currency translation adjustments (80,431)   (79,240)       (1,191)
Changes in unrecognized pension gains (losses) and related amortization, net of tax 60,535   60,535        
Changes in derivative gains (losses), net of tax (6,620)   (6,620)        
Stock awards and option exercises 62,152     5 10,063 52,084  
Cash dividends declared on common stock (99,461) (99,461)          
Treasury stock purchased (92,126)       (92,126)    
Balance at end of period at Dec. 31, 2022 2,068,204 1,929,240 (341,366) 709 (503,266) 968,618 14,269
Increase (Decrease) in Stockholders' Equity              
Net income 284,176 284,487         (311)
Foreign currency translation adjustments 48,946 (228) 48,658       516
Changes in unrecognized pension gains (losses) and related amortization, net of tax (5,940)   (5,940)        
Changes in derivative gains (losses), net of tax (10,086)   (10,086)        
Stock awards and option exercises 87,233     8 11,414 75,811  
Cash dividends declared on common stock (103,683) (103,683)          
Treasury stock purchased (47,552)       (47,552)    
Balance at end of period at Dec. 31, 2023 $ 2,321,298 $ 2,109,816 $ (308,734) $ 717 $ (539,404) $ 1,044,429 $ 14,474