CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 129,688	$ 117,196
Non-controlling interests in subsidiaries’ earnings (loss)	(9)	(17)
Net income including non-controlling interests	129,679	117,179
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:
Rationalization and asset impairment net charges (Note 6)	626	0
Depreciation and amortization	36,323	32,006
Equity earnings in affiliates, net	(1,377)	(75)
Deferred income taxes	4,969	6,396
Stock-based compensation	9,821	6,632
Pension (income) expense and settlement charges (Note 12)	(1,067)	(2,679)
Other, net	(7,075)	1,436
Changes in operating assets and liabilities, net of effects from acquisitions:
Increase in accounts receivable	(39,907)	(40,006)
Increase in inventories	(27,899)	(24,757)
(Increase) decrease in other current assets	(13,839)	2,639
Increase in trade accounts payable	4,861	12,619
Increase in other current liabilities	26,223	36,230
Net change in other assets and liabilities	2,220	4,067
NET CASH PROVIDED BY OPERATING ACTIVITIES	123,558	151,687
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(31,383)	(28,131)
Payments to Acquire Businesses, Net of Cash Acquired	6,235	0
Proceeds from sale of property, plant and equipment	227	1,102
Purchase of marketable securities	(218,667)	(69,934)
Proceeds from marketable securities	258,733	4,990
Other Investing Activities	356	0
NET CASH PROVIDED BY (USED BY) INVESTING ACTIVITIES	15,501	(91,973)
CASH FLOWS FROM FINANCING ACTIVITIES
Amounts due banks, net	216	(192)
Proceeds from Issuance of Long-term Debt	0	15
Payments on long-term borrowings	(6)	(34)
Proceeds from exercise of stock options	2,599	13,397
Purchase of shares for treasury (Note 7)	(50,232)	(7,748)
Cash dividends paid to shareholders	(51,250)	(46,016)
Other financing activities	0	(15,189)
NET CASH USED BY FINANCING ACTIVITIES	(98,673)	(55,767)
Effect of exchange rate changes on Cash and cash equivalents	(9,993)	12,609
INCREASE IN CASH AND CASH EQUIVALENTS	30,393	16,556
Cash and cash equivalents at beginning of period	326,701	379,179
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 357,094	$ 395,735