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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities:      
Net income attributable to common shareholders $ 219,502 $ 216,993 $ 26,315
Noncontrolling interest in subsidiaries' earnings 1,449 828 201
Net income before allocation to noncontrolling interests 220,951 217,821 26,516
Asbestos Provision 0 0 241,647
Environmental charge 0 0 30,327
Gain on divestiture (2,727) (29,445) (4,258)
Restructuring - Non Cash 0 3,855 0
Depreciation and amortization 54,837 57,263 62,943
Stock-based compensation expense 22,791 17,319 14,972
Defined benefit plans and postretirement expense 4,779 20,090 6,770
Deferred income taxes 48,964 55,000 (43,923)
Cash provided by (used for) operating working capital (26,672) 1,824 (41,955)
Defined benefit plans and postretirement contributions (15,929) (5,504) (48,113)
Environmental payments, net of reimbursements 15,403 13,371 9,534
Payments for asbestos-related fees and costs, net of insurance recoveries (62,827) (77,957) (79,277)
Other (10,668) 12,139 6,303
Total provided by operating activities 239,432 234,756 149,812
Investing activities:      
Capital expenditures (29,461) (29,308) (34,737)
Proceeds from disposition of capital assets 455 6,438 4,793
Payment for acquisition, net of cash acquired (801,781) 0 (36,590)
Proceeds from divestiture 6,836 54,079 1,000
Total (used for) provided by investing activities (823,951) 31,209 (65,534)
Equity:      
Dividends paid (67,272) (61,974) (56,992)
Reacquisition of shares on open market 0 (49,991) (79,999)
Stock options exercised - net of shares reacquired 24,922 13,056 23,232
Excess tax benefit from stock-based compensation 6,353 3,603 6,097
Proceeds from Lines of Credit 125,000 0 0
Debt:      
Proceeds received from issuance of long-term notes (321) 0 (1,003)
Proceeds from Issuance of Long-term Debt 550,000 0 0
Payments of Debt Issuance Costs (6,006) 0 0
Repayments of Long-term Debt (200,000) 0 0
Total provided by (used for) financing activities 432,676 (95,306) (108,665)
Effect of exchange rates on cash and cash equivalents (1,461) 8,199 (3,465)
Increase (decrease) in cash and cash equivalents (153,304) 178,858 (27,852)
Cash and cash equivalents at beginning of period 423,947 245,089 272,941
Cash and cash equivalents at end of period 270,643 423,947 245,089
Detail of cash used for working capital:      
Accounts receivable (42,857) (2,578) (44,120)
Inventories 28,116 8,551 (38,407)
Other current assets 2,977 (1,656) 2,549
Accounts payable 17,962 (11,724) 35,129
Accrued liabilities (28,924) (5,830) (3,315)
U.S. and foreign taxes on income (3,946) 15,061 6,209
Total (26,672) 1,824 (41,955)
Supplemental disclosure of cash flow information:      
Interest paid 28,164 26,690 26,158
Income taxes paid $ 53,695 $ 26,270 $ 25,555