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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 247,503 $ 198,399 $ 127,478
Non-controlling interests in subsidiaries' (loss) earnings (28) (26) (66)
Net income including non-controlling interests 247,475 198,373 127,412
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:      
Rationalization and asset impairment charges (Notes 4 and 6) 1,441 0 6,269
Loss on deconsolidation of Venezuelan subsidiary 0 34,348 0
Bargain purchase gain (Note 3) 49,650 0 0
Net impact of U.S. Tax Act (Note 12) 28,616 0 0
Depreciation and amortization 68,115 65,073 64,007
Equity earnings in affiliates, net (337) (261) (530)
Deferred income taxes (Note 12) 4,058 (9,805) (55,728)
Stock-based compensation (Note 9) 12,698 10,332 7,932
Pension expense, settlements and curtailments 2,517 13,988 162,815
Pension contributions and payments (4,683) (22,484) (53,547)
Other, net 6,085 (4,076) 958
Changes in operating assets and liabilities, net of effects from acquisitions:      
(Increase) decrease in accounts receivable (16,811) (12,314) 56,741
Decrease in inventories 19,448 14,601 56,067
(Increase) decrease in other current assets (8,143) 1,532 (19,972)
Increase (decrease) in accounts payable 17,871 29,627 (46,911)
(Decrease) increase in other current liabilities (13) (9,286) 1,511
Net change in other assets and liabilities 6,158 2,909 5,808
NET CASH PROVIDED BY OPERATING ACTIVITIES 334,845 312,557 312,832
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (61,656) (49,877) (50,507)
Acquisition of businesses, net of cash acquired (Note 3) (72,468) (71,567) (37,076)
Proceeds from sale of property, plant, and equipment 2,301 1,127 2,310
Purchase of marketable securities (205,584) (38,920) 0
Proceeds from marketable securities 65,380 0 0
Other investing activities 0 (709) (79)
NET CASH USED BY INVESTING ACTIVITIES (272,027) (159,946) (85,352)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from short-term borrowings 0 1,892 12,505
Payments on short-term borrowings 0 (1,822) (9,268)
Amounts due banks, net (491) 1,469 (37,466)
Proceeds from long-term borrowings 34 350,261 357,780
Payments on long-term borrowings (39) (481) (6,945)
Proceeds from exercise of stock options 16,627 25,049 5,996
Purchase of shares for treasury (43,164) (342,003) (399,494)
Cash dividends paid to shareholders (92,452) (87,330) (86,968)
Other Financing Activities (15,552) (19,043) (8,022)
NET CASH USED BY FINANCING ACTIVITIES (135,037) (72,008) (171,882)
Effect of exchange rate changes on cash and cash equivalents 19,741 (5,607) (29,794)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (52,478) 74,996 25,804
Cash and cash equivalents at beginning of year 379,179 304,183 278,379
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 326,701 $ 379,179 $ 304,183