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EQUITY (Tables)
 3 Months Ended
Mar. 31, 2017
Stockholders' Equity Note [Abstract]  
Schedule of changes in equity
Changes in equity for the three months ended March 31, 2017 are as follows:
 
Shareholders’
Equity
 
Non-controlling
Interests
 
Total Equity
Balance at December 31, 2016
$
711,477

 
$
729

 
$
712,206

Comprehensive income (loss):
 

 
 

 
 

Net income
55,844

 
4

 
55,848

Other comprehensive income (loss)
30,749

 
22

 
30,771

Total comprehensive income (loss)
86,593

 
26

 
86,619

 
 
 
 
 
 
Cash dividends declared - $0.35 per share
(23,208
)
 
—

 
(23,208
)
Issuance of shares under benefit plans
8,910

 
—

 
8,910

Purchase of shares for treasury
(403
)
 
—

 
(403
)
Balance at March 31, 2017
$
783,369

 
$
755

 
$
784,124
Components of accumulated other comprehensive (loss) income
The following tables set forth the total changes in AOCI by component, net of taxes for the three months ended March 31, 2017 and 2016:
 
 
Three Months Ended March 31, 2017
 
 
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges
 
Defined benefit pension plan activity
 
Currency translation adjustment
 
Total
Balance at December 31, 2016
 
$
587

 
$
(95,939
)
 
$
(233,685
)
 
$
(329,037
)
Other comprehensive income (loss)
before reclassification
 
1,543

 
—

 
28,511

3 

30,054

Amounts reclassified from AOCI
 
(19
)
1 

714

2 

—

 
695

Net current-period other
comprehensive income (loss)
 
1,524

 
714

 
28,511

 
30,749

Balance at March 31, 2017
 
$
2,111

 
$
(95,225
)
 
$
(205,174
)
 
$
(298,288
)
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended March 31, 2016
 
 
Unrealized gain (loss) on derivatives designated and qualifying as cash flow hedges
 
Defined benefit pension plan activity
 
Currency translation adjustment
 
Total
Balance at December 31, 2015
 
$
548

 
$
(99,776
)
 
$
(197,039
)
 
$
(296,267
)
Other comprehensive income (loss)
before reclassification
 
1,699

 
(20
)
 
24,234

3 

25,913

Amounts reclassified from AOCI
 
(863
)
1 

1,638

2 

—

 
775

Net current-period other
comprehensive income (loss)
 
836

 
1,618

 
24,234

 
26,688

Balance at March 31, 2016
 
$
1,384

 
$
(98,158
)
 
$
(172,805
)
 
$
(269,579
)
 
 
 
 
 
 
 
 
 

(1)
During the 2017 period, the AOCI reclassification is a component of Net sales of $(185) (net of tax of $(87)) and Cost of goods sold of $166 (net of tax of $112); during the 2016 period, the AOCI reclassification is a component of Net sales of $(787) (net of tax of $(278)) and Cost of goods sold of $(76) (net of tax of $22). See Note 13 for additional details.
(2)
The AOCI component is included in the computation of net periodic pension costs (net of tax of $213 and $911 during the three months ended March 31, 2017 and 2016, respectively). See Note 11 for additional details.
(3)
The Other comprehensive income (loss) before reclassifications excludes $22 and $15 attributable to Non-controlling interests in the three months ended March 31, 2017 and 2016, respectively.