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Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 233,632 $ 216,992
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 41,041 49,131
Deferred income taxes 17,891 10,228
Gain on disposal of assets 14 (1,569)
Stock-based compensation 12,860 14,034
Pension contributions (57,493) (9,812)
Changes in assets and liabilities, net of acquisitions:    
Trade receivables (92,329) (50,236)
Inventories (9,834) 1,850
Accounts payable 28,435 (30,831)
Accruals for incentive compensation (21,191) (54,970)
Other current payables and accrued expenses 20,204 (12,382)
Other assets/liabilities, net (6,912) 21,595
Net cash provided by operating activities 166,318 154,030
Cash flows from investing activities:    
Cash paid for acquisition, net of cash received (including $15 million of contingent consideration related to the Aromor acquisition in 2014) (188,835) (102,500)
Additions to property, plant and equipment (37,937) (60,244)
Proceeds from life insurance contracts 548 17,750
Maturity of net investment hedges 9,735 (472)
Proceeds from disposal of assets 1,515 2,074
Net cash used in investing activities (214,974) (143,392)
Cash flows from financing activities:    
Cash dividends paid to shareholders (75,927) (63,417)
Net change in revolving credit facility borrowings and overdrafts (283) 2,106
Deferred financing costs 0 (1,023)
Repayments of debt (30,000) 0
Proceeds from issuance or drawdown of long-term debt 86,162 0
Proceeds from issuance of stock under stock plans 286 1,024
Excess tax benefits on stock-based payments 11,608 5,788
Purchase of treasury stock (38,813) (34,103)
Net cash used in financing activities (46,967) (89,625)
Proceeds from sale of finance receivables 1,300 22,300
Effect of exchange rate changes on cash and cash equivalents (5,696) 335
Net change in cash and cash equivalents (101,319) (78,652)
Cash and cash equivalents at beginning of year 478,573 405,505
Cash and cash equivalents at end of period 377,254 326,853
Interest paid, net of amounts capitalized 23,827 23,709
Income taxes paid $ 46,071 $ 45,484