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CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2013 | Jun. 30, 2012 | Jun. 30, 2013 | Jun. 30, 2012
Income Statement [Abstract] |  |  |  |
Net sales | $ 727,432 | $ 744,045 | $ 1,446,005 | $ 1,471,167
Cost of goods sold | 487,094 | 519,048 | 979,095 | 1,030,905
Gross profit | 240,338 | 224,997 | 466,910 | 440,262
Selling, general & administrative expenses | 135,215 | 127,714 | 272,106 | 251,329
Rationalization and asset impairment charges | 851 | 1,258 | 1,902 | 1,258
Operating income | 104,272 | 96,025 | 192,902 | 187,675
Other income (expense): |  |  |  |
Interest income | 890 | 849 | 1,916 | 1,732
Equity earnings in affiliates | 1,258 | 2,006 | 2,517 | 2,698
Other income | 913 | 403 | 1,627 | 1,269
Interest expense | (799) | (1,126) | (1,749) | (2,298)
Total other income | 2,262 | 2,132 | 4,311 | 3,401
Income before income taxes | 106,534 | 98,157 | 197,213 | 191,076
Income taxes | 34,007 | 31,792 | 57,843 | 60,562
Net income including non-controlling interests | 72,527 | 66,365 | 139,370 | 130,514
Non-controlling interests in subsidiaries’ (loss) earnings | (79) | 46 | (42) | (48)
Net income | $ 72,606 | $ 66,319 | $ 139,412 | $ 130,562
Basic earnings per share (in dollars per share) | $ 0.88 | $ 0.80 | $ 1.69 | $ 1.57
Diluted earnings per share (in dollars per share) | $ 0.87 | $ 0.79 | $ 1.67 | $ 1.54
Cash dividends declared per share (in dollars per share) | $ 0.2 | $ 0.17 | $ 0.40 | $ 0.34

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