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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 74,177 $ 55,562
Non-controlling interests in subsidiaries' income (loss) (44) (7)
Net income including non-controlling interests 74,133 55,555
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:    
Rationalization and asset impairment net charges (Note 6) 60 (236)
Depreciation and amortization 19,118 21,028
Equity earnings in affiliates, net (177) (162)
Deferred income taxes (16,115) (3,685)
Stock-based compensation 6,402 3,691
Other, net 9,016 (4,188)
Changes in operating assets and liabilities, net of effects from acquisitions:    
Increase in accounts receivable (65,795) (25,698)
Increase in inventories (42,568) (17,401)
Increase in other current assets (8,095) (1,789)
Increase (decrease) in trade accounts payable 42,325 (16,676)
Increase in other current liabilities 30,266 13,482
Net change in other assets and liabilities (3,308) (1,949)
NET CASH PROVIDED BY OPERATING ACTIVITIES 45,262 21,972
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (9,936) (11,828)
Proceeds from sale of property, plant and equipment 584 6,100
Other investing activities 6,500 0
NET CASH USED BY INVESTING ACTIVITIES (2,852) (5,728)
CASH FLOWS FROM FINANCING ACTIVITIES    
Amounts due banks, net 1,307 97,777
Proceeds from exercise of stock options 2,780 1,047
Purchase of shares for treasury (Note 8) (28,459) (109,762)
Cash dividends paid to shareholders (30,999) (30,675)
NET CASH USED BY FINANCING ACTIVITIES (55,371) (41,613)
Effect of exchange rate changes on Cash and cash equivalents (2,192) (10,819)
DECREASE IN CASH AND CASH EQUIVALENTS (15,153) (36,188)
Cash and cash equivalents at beginning of period 257,279 199,563
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 242,126 $ 163,375