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Consolidated Statement Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 228,564 $ 225,559
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 64,968 55,805
Deferred income taxes 14,342 1,505
(Loss) gain on disposal of assets 1,195 (89)
Stock-based compensation 15,173 12,893
Pension contributions (9,963) (31,557)
Litigation settlement 0 (56,000)
Product recall claim settlement (12,969) 0
Foreign currency gain on liquidation of entity 0 (12,214)
Changes in assets and liabilities, net of acquisitions:    
Trade receivables (99,963) (77,580)
Inventories (67,940) (4,228)
Accounts payable (7,139) (23,479)
Accruals for incentive compensation (25,158) (12,316)
Other current payables and accrued expenses 11,028 (3,099)
Other assets (65,620) 18,007
Other liabilities 8,651 (35,286)
Net cash provided by operating activities 55,169 57,921
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash received (22) (191,304)
Additions to property, plant and equipment (67,421) (46,153)
Proceeds from life insurance contracts 0 1,941
Maturity of net investment hedges (2,642) 3,016
Proceeds from disposal of assets 618 473
Net cash used in investing activities (69,467) (232,027)
Cash flows from financing activities:    
Cash dividends paid to shareholders (108,824) (101,184)
Increase in revolving credit facility borrowings and overdrafts 110,259 21,595
Deferred financing costs 1,401 5,373
Proceeds from issuance of long-term debt 0 498,250
Loss on pre-issuance hedges 0 (5,310)
Proceeds from issuance of stock under stock plans 0 329
Employee withholding taxes paid (9,096) (11,485)
Purchase of treasury stock (15,475) (53,211)
Net cash (used in) provided by financing activities (24,537) 343,611
Effect of exchange rate changes on cash and cash equivalents (6,788) (2,111)
Net change in cash and cash equivalents (45,623) 167,394
Cash and cash equivalents at beginning of year 368,046 323,992
Cash and cash equivalents at end of period 322,423 491,386
Interest paid, net of amounts capitalized 74,422 32,039
Income taxes paid 57,809 50,962
Accrued capital expenditures $ 19,160 $ 13,589