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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 139,252 $ 133,785
Non-controlling interests in subsidiaries’ loss (58) (72)
Net income including non-controlling interests 139,194 133,713
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:    
Rationalization and asset impairment charges 30 859
Depreciation and amortization 31,718 35,900
Equity earnings in affiliates, net (488) (1,497)
Deferred income taxes (6,337) (326)
Stock-based compensation 3,889 4,585
Defined Benefit Plan Pension Expense 10,604 5,476
Pension contributions and payments (47,705) (24,164)
Foreign Currency (Gain) Loss (9,182) 21,157
Other, net 5,840 (4,757)
Changes in operating assets and liabilities, net of effects from acquisitions:    
Increase in accounts receivable (13,682) (43,341)
Decrease (increase) in inventories 1,540 (17,455)
Decrease (increase) in other current assets 30,632 (15,847)
Decrease in trade accounts payable (31,217) (15,449)
Increase in other current liabilities 13,203 43,227
Net change in other long-term assets and liabilities 2,031 (3,476)
NET CASH PROVIDED BY OPERATING ACTIVITIES 130,070 118,605
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (29,217) (39,947)
Acquisition of businesses, net of cash acquired 0 (892)
Proceeds from sale of property, plant and equipment 1,421 5,509
Other Investing Activities 2,024 778
NET CASH USED BY INVESTING ACTIVITIES (25,772) (34,552)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings 1,729 1,151
Payments on short-term borrowings (6,968) (9,914)
Amounts due banks, net 2,451 71
Proceeds from Issuance of Long-term Debt 152,500 57
Payments on long-term borrowings (5,662) (1,508)
Proceeds from exercise of stock options 4,036 4,010
Excess tax benefits from stock-based compensation 1,293 2,478
Purchase of shares for treasury (158,468) (119,333)
Cash dividends paid to shareholders (44,248) (37,119)
Other financing activities (7,996) (2,330)
NET CASH USED BY FINANCING ACTIVITIES (61,333) (162,437)
Effect of exchange rate changes on Cash and cash equivalents (8,607) (17,156)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 34,358 (95,540)
Cash and cash equivalents at beginning of period 278,379 299,825
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 312,737 $ 204,285