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EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Numerator:                      
Net income $ 24,181 [1] $ 106,126 [2] $ 61,352 [3] $ 55,844 [4] $ 53,395 [1] $ 60,049 [2] $ 31,317 [3] $ 53,638 [4] $ 247,503 $ 198,399 $ 127,478
Denominator:                      
Basic weighted average shares outstanding (in shares)                 65,739,000 67,462,000 74,111,000
Effect of dilutive securities - stock options and awards (in shares)                 904,000 694,000 743,000
Diluted weighted average shares outstanding (in shares)                 66,643,000 68,156,000 74,854,000
Basic earnings per share (in dollars per share) $ 0.37 [5] $ 1.61 [5] $ 0.93 [5] $ 0.85 [5] $ 0.81 [5] $ 0.90 [5] $ 0.46 [5] $ 0.77 [5] $ 3.76 $ 2.94 $ 1.72
Diluted earnings per share (in dollars per share) $ 0.36 [5] $ 1.59 [5] $ 0.92 [5] $ 0.84 [5] $ 0.81 [5] $ 0.89 [5] $ 0.45 [5] $ 0.76 [5] $ 3.71 $ 2.91 $ 1.70
Anti-dilutive shares excluded from the computation of diluted earnings per share                 157,033 774,502 522,471
[1] 2017 includes special item charges of $2,867 ($1,770 after-tax) for pension settlement charges, $6,590 ($6,198 after-tax) for rationalization and asset impairment charges, $28,616 for the net impact of the U.S. Tax Act and acquisition-related items including $2,264 ($1,708 after-tax) in amortization of step up in value of acquired inventories, $3,616 ($3,102 after-tax) for acquisition transaction and integration costs and a $1,935 adjustment to the bargain purchase gain.
[2] 2017 includes special item charges of $5,283 ($3,260 after-tax) for pension settlement charges and acquisition-related items including $2,314 ($1,745 after-tax) in amortization of step up in value of acquired inventories, $3,273 ($2,229 after-tax) for acquisition transaction and integration costs and a $51,585 bargain purchase gain.
[3] 2017 includes special item charges of $4,498 ($3,494 after-tax) related to acquisition transaction and integration costs.2016 includes special item charges of $34,348 ($33,251 after-tax) primarily related to the loss on deconsolidation of Venezuelan subsidiary and a tax benefit of $7,196 related to the reversal of an income tax valuation allowance as a result of a legal entity change to realign the Company's tax structure.
[4] 2017 includes special item charges of $3,615 ($2,734 after-tax) related to acquisition transaction costs.
[5] The quarterly earnings per share ("EPS") amounts are each calculated independently. Therefore, the sum of the quarterly EPS amounts may not equal the annual totals.