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CONSOLIDATED STATEMENTS OF INCOME (USD $) In Thousands, except Per Share data, unless otherwise specified | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012
Income Statement [Abstract] |  |  |  |
Net sales | $ 691,875 | $ 697,552 | $ 2,137,880 | $ 2,168,719
Cost of goods sold | 459,178 | 484,190 | 1,438,273 | 1,515,095
Gross profit | 232,697 | 213,362 | 699,607 | 653,624
Selling, general & administrative expenses | 131,217 | 121,602 | 403,323 | 372,931
Rationalization and asset impairment charges | 6,302 | 3,059 | 8,204 | 4,317
Operating income | 95,178 | 88,701 | 288,080 | 276,376
Other income (expense): |  |  |  |
Interest income | 536 | 916 | 2,452 | 2,648
Equity earnings in affiliates | 1,170 | 1,566 | 3,687 | 4,264
Other income | 1,514 | 746 | 3,141 | 2,015
Interest expense | (558) | (1,040) | (2,307) | (3,338)
Total other income | 2,662 | 2,188 | 6,973 | 5,589
Income before income taxes | 97,840 | 90,889 | 295,053 | 281,965
Income taxes | 33,588 | 26,153 | 91,431 | 86,715
Net income including non-controlling interests | 64,252 | 64,736 | 203,622 | 195,250
Non-controlling interests in subsidiaries’ loss | (1,792) | (29) | (1,834) | (77)
Net income | $ 66,044 | $ 64,765 | $ 205,456 | $ 195,327
Basic earnings per share (in dollars per share) | $ 0.81 | $ 0.78 | $ 2.50 | $ 2.35
Diluted earnings per share (in dollars per share) | $ 0.80 | $ 0.77 | $ 2.47 | $ 2.32
Cash dividends declared per share (in dollars per share) | $ 0.20 | $ 0.17 | $ 0.60 | $ 0.51

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