SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Standards Update 2014-09 | Restatement of beginning balances

Summary of impacts of adoption of recent accounting pronouncements

		Balance at				Balance at
		December 31, 2017		Adjustment		January 1, 2018
Consolidated Balance Sheets
Assets
Inventories	$	337,216	$	(7,064)	$	330,152
Prepaid and other		109,791		6,411		116,202
Liabilities
Accounts payable and accrued liabilities		461,579		(5,706)		455,873
Deferred income taxes		20,995		1,292		22,287
Deferred and other non-current liabilities		5,608		824		6,432
Stockholders’ Equity
Retained earnings		1,301,147		2,937		1,304,084

Accounting Standards Update 2014-09 | Cumulative effect of change

Summary of impacts of adoption of recent accounting pronouncements

	For the Year Ended December 31, 2018
				Balances
				Without		Effect of
		As		Adoption of		Change
		Reported		ASC 606		Higher/(Lower)
Consolidated Statements of Income
Net Sales
Beauty + Home	$	1,426,382	$	1,424,701	$	1,681
Pharma		954,652		954,497		155
Food + Beverage		383,727		385,001		(1,274)
Costs and Expenses
Cost of sales (exclusive of depreciation and amortization)		1,812,961		1,811,290		1,671
Provision for income taxes		71,254		71,541		(287)
Net income		194,766		195,588		(822)

	December 31, 2018
				Balances
				Without		Effect of
		As		Adoption of		Change
		Reported		ASC 606		Higher/(Lower)
Consolidated Balance Sheets
Assets
Inventories	$	381,110	$	391,315	$	(10,205)
Prepaid and other		118,245		108,490		9,755
Liabilities
Accounts payable and accrued liabilities		525,199		529,168		(3,969)
Deferred income taxes		53,917		52,912		1,005
Deferred and other non-current liabilities		23,465		23,066		399
Stockholders’ Equity
Retained earnings		1,371,826		1,369,711		2,115

Accounting Standards Update 2017-07

Summary of impacts of adoption of recent accounting pronouncements

	Original				Revised
	Balance		Adjustment		Balance
Revised Condensed Consolidated Statements of Income
Year Ended December 31, 2017
Cost of sales (exclusive of depreciation and amortization)	$	1,604,181	$	(1,111)	$	1,603,070
Selling, research & development and administrative		388,281		(857)		387,424
Total Operating Expenses		2,147,764		(1,968)		2,145,796
Operating Income		321,519		1,968		323,487
Miscellaneous, net		8,662		(1,968)		6,694
Total Other (Expense) Income		(26,694)		(1,968)		(28,662)
Income before Income Taxes		294,825		—		294,825
Year Ended December 31, 2016
Cost of sales (exclusive of depreciation and amortization)	$	1,498,070	$	(1,896)	$	1,496,174
Selling, research & development and administrative		367,562		(1,293)		366,269
Total Operating Expenses		2,020,434		(3,189)		2,017,245
Operating Income		310,500		3,189		313,689
Miscellaneous, net		2,782		(3,189)		(407)
Total Other (Expense) Income		(30,003)		(3,189)		(33,192)
Income before Income Taxes		280,497		—		280,497