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Consolidated Statement Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net income $ 216,992 $ 193,020
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 49,131 39,807
Deferred income taxes 10,228 4,971
Gain on disposal of assets (1,569) (18,021)
Stock-based compensation 14,034 14,050
Changes in assets and liabilities, net of Aromor acquisition:    
Trade receivables (50,236) (60,753)
Inventories 1,850 14,694
Accounts payable (30,831) (10,198)
Accruals for incentive compensation (54,970) (23,076)
Other current payables and accrued expenses (12,382) 13,919
Other assets 2,877 (21,727)
Other liabilities 8,906 (28,643)
Net cash provided by operating activities 154,030 118,043
Cash flows from investing activities:    
Cash paid for acquisition, net of cash received (including $15 million of contingent consideration) (102,500) 0
Additions to property, plant and equipment (60,244) (60,689)
Proceeds from life insurance contracts 17,750 793
Maturity of net investment hedges (472) 626
Proceeds from disposal of assets 2,074 16,467
Net cash used in investing activities (143,392) (42,803)
Cash flows from financing activities:    
Cash dividends paid to shareholders (63,417) (27,733)
Net change in revolving credit facility borrowings and overdrafts 2,106 (284,061)
Deferred financing costs 1,023 2,786
Proceeds from long-term debt 0 297,786
Proceeds from issuance of stock under stock plans 1,024 3,566
Excess tax benefits on stock-based payments 5,788 5,172
Purchase of treasury stock (34,103) (19,174)
Net cash used in financing activities (89,625) (27,230)
Effect of exchange rate changes on cash and cash equivalents 335 (6,535)
Net change in cash and cash equivalents (78,652) 41,475
Cash and cash equivalents at beginning of year 405,505 324,422
Cash and cash equivalents at end of period 326,853 365,897
Interest paid, net of amounts capitalized 23,709 20,955
Income taxes paid $ 45,484 $ 71,659