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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Net sales $ 728,531 $ 727,432 $ 1,413,593 $ 1,446,005
Cost of goods sold 478,264 487,094 936,990 979,095
Gross profit 250,267 240,338 476,603 466,910
Selling, general & administrative expenses 137,156 135,215 283,071 272,106
Rationalization and asset impairment charges 836 851 819 1,902
Operating income 112,275 104,272 192,713 192,902
Other income (expense):        
Interest income 924 890 1,838 1,916
Equity earnings in affiliates 1,575 1,258 3,136 2,517
Other income 1,078 913 2,161 1,627
Interest expense (986) (799) (2,556) (1,749)
Total other income 2,591 2,262 4,579 4,311
Income before income taxes 114,866 106,534 197,292 197,213
Income taxes 37,577 34,007 63,579 57,843
Net income including non-controlling interests 77,289 72,527 133,713 139,370
Non-controlling interests in subsidiaries’ loss (43) (79) (72) (42)
Net income $ 77,332 $ 72,606 $ 133,785 $ 139,412
Basic earnings per share (in dollars per share) $ 0.97 $ 0.88 $ 1.67 $ 1.69
Diluted earnings per share (in dollars per share) $ 0.96 $ 0.87 $ 1.65 $ 1.67
Cash dividends declared per share (in dollars per share) $ 0.23 $ 0.20 $ 0.46 $ 0.40