INCOME TAXES (Table)

12 Months Ended

Dec. 31, 2016

Schedule Of Income Before Income Tax, Domestic and Foreign [Table Text Block]



(In thousands)	2016		2015		2014
Domestic	$	154,571	$	135,112	$	120,563
Foreign	113,390		140,082		126,381
	$	267,961	$	275,194	$	246,944

Schedule Of Provision For Income Taxes [Table Text Block]



(In thousands)	2016			2015			2014
Current:
Federal	$	45,523		$	(6,741	)	$	70,609
State	8,002			6,175			9,065
Foreign	20,861			27,134			33,401
Total current	74,386			26,568			113,075

Deferred:
Federal	4,267			49,060			(29,683		)
State	73			7,390			(1,247		)
Foreign	(147		)	(72		)	(5,150		)
Total deferred	4,193			56,378			(36,080		)
Provision for income taxes	$	78,579		$	82,946		$	76,995

Schedule Of Effective Income Tax Rate Reconciliation [Table Text Block]



	2016		2015		2014
U.S. federal statutory tax rate	35.0	%	35.0	%	35.0	%
Add (deduct):
State and local taxes, net of federal benefit	1.1		4.3		2.4
R&D tax credits	(0.9	)	(1.3	)	(1.3	)
Foreign earnings ⁽¹⁾	(5.8	)	(6.2	)	(4.4	)
All other, net	(0.1	)	(1.7	)	(0.5	)
Effective tax rate	29.3	%	30.1	%	31.2	%

⁽¹⁾ Foreign earnings primarily include the net impact of differences between local statutory rates and the U.S. Federal statutory rate, the cost of repatriating foreign earnings, and the impact of changes to foreign valuation allowances.

Schedule Of Deferred Tax Assets And Liabilities [Table Text Block]

The components of the Corporation’s deferred tax assets and liabilities at December 31 are as follows:



(In thousands)	2016		2015
Deferred tax assets:
Pension plans	$	45,568	$	40,102
Environmental reserves	9,871		9,561
Inventories	21,758		20,041
Postretirement/postemployment benefits	13,542		13,272
Incentive compensation	9,425		12,369
Net operating loss	10,345		9,043
Capital loss carryover	11,352		10,141
Other	39,977		38,226
Total deferred tax assets	161,838		152,755
Deferred tax liabilities:
Depreciation	25,963		29,771
Goodwill amortization	97,667		89,276
Other intangible amortization	51,712		54,017
Other	16,225		12,280
Total deferred tax liabilities	191,567		185,344
Valuation allowance	17,776		17,895
Net deferred tax liabilities	$	47,505	$	50,484

Deferred tax assets and liabilities are reflected on the Corporation’s consolidated balance sheet at December 31 as follows:



(In thousands)	2016		2015
Net noncurrent deferred tax assets	2,217		3,963
Net noncurrent deferred tax liabilities	49,722		54,447
Net deferred tax liabilities	$	47,505	$	50,484

Summary Of Unrecognized Tax Benefits [Table Text Block]



(In thousands)	2016			2015			2014
Balance at January 1,	$	12,414		$	11,560		$	10,623
Additions for tax positions of prior periods	32			359			1,421
Reductions for tax positions of prior periods	(1,679		)	—			—
Additions for tax positions related to the current year	789			2,026			1,738
Settlements	(102		)	(1,414		)	(2,039		)
Lapses of statute of limitations	—			—			(41		)
Foreign currency translation	—			(117		)	(142		)
Balance at December 31,	$	11,454		$	12,414		$	11,560

Summary Of Open Tax Years [Table Text Block]



United States (Federal)	2013	-	present
United States (Various states)	2005	-	present
United Kingdom	2009	-	present
Canada	2010	-	present