CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 156,932	$ 129,688
Non-controlling interests in subsidiaries’ earnings (loss)	(22)	(9)
Net income including non-controlling interests	156,910	129,679
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:
Rationalization and asset impairment net charges (Note 6)	1,069	626
Depreciation and amortization	39,252	36,323
Equity earnings in affiliates, net	(1,217)	(1,377)
Deferred income taxes	2,674	4,969
Stock-based compensation	8,745	9,821
Other, net	(5,700)	(8,142)
Changes in operating assets and liabilities, net of effects from acquisitions:
Increase in accounts receivable	(21,271)	(39,907)
Increase in inventories	(27,767)	(27,899)
Decrease (increase) in other current assets	11,135	(13,839)
(Decrease) increase in trade accounts payable	(15,469)	4,861
Increase in other current liabilities	2,812	26,223
Net change in other assets and liabilities	812	2,220
NET CASH PROVIDED BY OPERATING ACTIVITIES	151,985	123,558
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(36,513)	(31,383)
Payments to Acquire Businesses, Net of Cash Acquired	(107,843)	6,591
Proceeds from sale of property, plant and equipment	8,712	227
Purchase of marketable securities	0	(218,667)
Proceeds from marketable securities	0	258,733
Other Investing Activities	2,000	0
NET CASH (USED BY) PROVIDED BY INVESTING ACTIVITIES	(133,644)	15,501
CASH FLOWS FROM FINANCING ACTIVITIES
Amounts due banks, net	29,982	216
Payments on long-term borrowings	(5)	(6)
Proceeds from exercise of stock options	960	2,599
Purchase of shares for treasury (Note 8)	(160,914)	(50,232)
Cash dividends paid to shareholders	(60,101)	(51,250)
NET CASH USED BY FINANCING ACTIVITIES	(190,078)	(98,673)
Effect of Exchange Rate on Cash and Cash Equivalents	2,749	(9,993)
Cash and Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(168,988)	30,393
Cash and Cash Equivalents, Beginning Balance	358,849	326,701
Cash and Cash Equivalents, Ending Balance	$ 189,861	$ 357,094