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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 425,521,000 $ 410,573,000 $ 337,257,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss (gain) on sale of fixed assets - net 156,000 946,000 315,000
Loss (gain) on sale of businesses - net 0 0 (9,273,000)
Asset impairments 10,155,000 0 0
Depreciation and amortization 39,543,000 39,049,000 38,314,000
Amortization of intangible assets 37,333,000 38,495,000 45,902,000
Amortization of debt issuance expenses 1,355,000 1,332,000 1,320,000
Share-based compensation expense 27,669,000 24,754,000 24,405,000
Deferred income taxes 6,625,000 (4,345,000) (33,742,000)
Non-cash interest expense associated with forward starting swaps 6,327,000 6,475,000 6,655,000
Changes in (net of the effect from acquisitions and divestitures):      
Receivables 22,338,000 (23,419,000) (15,803,000)
Inventories (3,322,000) (23,031,000) 760,000
Other current assets (2,361,000) 25,162,000 (20,031,000)
Trade accounts payable (9,115,000) (1,220,000) 12,556,000
Accrued expenses (37,086,000) 4,148,000 19,710,000
Other - net 2,924,000 (19,574,000) 24,408,000
Net cash flows provided by operating activities 528,062,000 479,345,000 432,753,000
Cash flows from investing activities      
Purchases of property, plant and equipment (50,912,000) (56,089,000) (43,858,000)
Purchase of intellectual property 0 (4,000,000) 0
Acquisition of businesses, net of cash acquired (87,180,000) (20,205,000) (38,161,000)
Proceeds from disposal of fixed assets 962,000 363,000 6,011,000
Proceeds from sale of businesses, net of cash sold 0 0 21,795,000
Other - net 115,000 (1,500,000) (533,000)
Net cash flows used in investing activities (137,015,000) (81,431,000) (54,746,000)
Cash flows from financing activities      
Borrowings under revolving credit facilities 0 0 33,000,000
Payments under revolving credit facilities 0 (11,284,000) (200,618,000)
Payments under other long-term borrowings (50,057,000) 0 0
Dividends paid (147,208,000) (127,478,000) (111,172,000)
Proceeds from stock option exercises 38,809,000 27,639,000 22,935,000
Repurchases of common stock (54,668,000) (173,926,000) (29,074,000)
Shares surrendered for tax withholding (12,596,000) (11,555,000) (6,228,000)
Settlement of foreign exchange contracts 0 6,593,000 13,736,000
Other - net (1,865,000) 0 0
Net cash flows used in financing activities (227,585,000) (290,011,000) (277,421,000)
Effect of exchange rate changes on cash and cash equivalents 2,712,000 (17,446,000) 39,400,000
Net increase in cash 166,174,000 90,457,000 139,986,000
Cash and cash equivalents at beginning of year 466,407,000 375,950,000 235,964,000
Cash and cash equivalents at end of year 632,581,000 466,407,000 375,950,000
Cash paid for:      
Interest 36,683,000 36,327,000 36,818,000
Income taxes - net 109,032,000 90,733,000 104,852,000
Significant non-cash activities:      
Contingent consideration for acquisition 0 3,375,000 0
Debt acquired with acquisition of business 51,130,000 0 0
Capital expenditures for construction of new leased facility $ 0 $ 11,616,000 $ 0