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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 206,115 $ 293,109 $ 287,066
Non-controlling interests in subsidiaries' income (loss) 29 (26) (73)
Net income including non-controlling interests 206,144 293,083 286,993
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:      
Rationalization and asset impairment net charges (Notes 6) 21,835 3,500 (5,978)
Net impact of U.S. Tax Act (Note 14) 0 0 399
Depreciation and amortization 80,492 81,487 72,346
Equity earnings in affiliates, net (408) (1,427) (3,034)
Deferred income taxes (2,948) 13,019 1,490
Stock-based compensation 15,388 16,624 18,554
Gain on change in control 0 (7,601) 0
Other, net (9,996) (8,155) (7,934)
Changes in operating assets and liabilities, net of effects from acquisitions:      
Decrease (increase) in accounts receivable 3,582 50,394 (4,061)
Decrease (increase) in inventories 22,751 (12,023) (23,904)
Decrease in other current assets 14,711 14,269 1,324
(Decrease) increase in trade accounts payable (17,919) (8,339) 3,636
Increase (decrease) in other current liabilities 22,310 (31,223) (13,657)
Net change in other assets and liabilities (4,580) (423) 2,978
NET CASH PROVIDED BY OPERATING ACTIVITIES 351,362 403,185 329,152
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (59,201) (69,615) (71,246)
Acquisition of businesses, net of cash acquired 0 (134,717) (101,792)
Proceeds from sale of property, plant, and equipment 7,667 9,509 16,755
Purchase of marketable securities 0 0 (268,335)
Proceeds from marketable securities 0 0 447,459
Other investing activities 2,321 2,000 (2,000)
NET CASH (USED BY) PROVIDED BY INVESTING ACTIVITIES (49,213) (192,823) 20,841
CASH FLOWS FROM FINANCING ACTIVITIES      
Amounts due banks, net (31,746) 24,429 (835)
Payments on long-term borrowings (14) (107) (107)
Proceeds from exercise of stock options 17,192 14,347 4,690
Purchase of shares for treasury (Note 8) (113,455) (292,693) (201,650)
Cash dividends paid to shareholders (118,118) (117,920) (102,058)
Other Financing Activities 0 0 (2,170)
NET CASH USED BY FINANCING ACTIVITIES (246,141) (371,944) (302,130)
Effect of exchange rate changes on Cash and cash equivalents 1,708 2,296 (15,715)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 57,716 (159,286) 32,148
Cash and cash equivalents at beginning of period 199,563 358,849 326,701
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 257,279 $ 199,563 $ 358,849