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INCOME TAXES (Components of Income (Loss) before Income Taxes) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
[1]
Sep. 30, 2019
[2]
Jun. 30, 2019
[3]
Mar. 31, 2019
[4]
Dec. 31, 2018
[1]
Sep. 30, 2018
[2]
Jun. 30, 2018
[3]
Mar. 31, 2018
[4]
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Components of income (loss) before income taxes                      
U.S.                 $ 237,296 $ 255,088 $ 213,171
Non-U.S.                 131,197 113,572 153,065
Income before income taxes $ 80,294 $ 91,797 $ 103,484 $ 92,918 $ 94,455 $ 95,744 $ 94,263 $ 84,198 $ 368,493 $ 368,660 $ 366,236
[1]
2019 includes special item charges of $8,851 ($7,284 after-tax) for Rationalization and asset impairment charges.
2018 includes special item charges of $1,696 ($1,272 after-tax) for pension settlement charges, $932 ($841 gain after-tax) for Rationalization and asset impairment charges and gains or losses on the disposal of assets, a $4,424 credit related to the U.S. Tax Act and acquisition-related items including $833 ($690 after-tax) for acquisition transaction and integration costs.
[2]
2019 includes special item charges of $1,495 ($1,240 after-tax) for Rationalization and asset impairment charges, $1,609 for amortization of step up in value of acquired inventories and $7,601 for a gain on change in control related to the acquisition of Askaynak.
2018 includes special item charges of $4,232 ($3,176 after-tax) for pension settlement charges, $2,636 ($2,575 after-tax) for Rationalization and asset impairment charges, an adjustment to taxes on unremitted foreign earnings related to the U.S. Tax Act of $2,323 and acquisition-related items including $970 ($797 after-tax) for acquisition transaction and integration costs.
[3]
2019 includes special item charges of $3,554 ($2,586 after-tax) for gains on the disposal of assets, $1,399 ($1,049 after-tax) for amortization of step up in value of acquired inventories, $1,014 ($867 after-tax) for acquisition transaction and integration costs, $1,307 ($937 after-tax) for Rationalization and asset impairment charges and $4,852 for the settlement of a tax item as well as tax deductions associated with an investment in a subsidiary.
2018 includes special item charges of $11,542 ($10,362 after-tax) for Rationalization and asset impairment charges and $788 ($675 after-tax) for acquisition transaction and integration costs.
[4]
2019 includes special item charges of $3,535 ($2,814 after-tax) for Rationalization and asset impairment charges and $790 ($698 after-tax) for acquisition transaction and integration costs.
2018 includes special item charges of $758 ($569 after-tax) for pension settlement charges, $10,175 ($7,870 after-tax) for Rationalization and asset impairment charges, an adjustment to taxes on unremitted foreign earnings related to the U.S. Tax Act of $2,500 and $1,907 ($1,520 after-tax) for acquisition transaction and integration costs.