Income Taxes	6 Months Ended
Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	NOTE L – INCOME TAXES The Company’s effective tax rate was 34% and 27% for the three months ended June 30, 2017 and 2016, respectively, and 32% and 27% for the six months ended June 30, 2017 and 2016, respectively. The lower effective tax rate for the three and six months ended June 30, 2017 compared to the U.S. federal statutory tax rate of 35% was primarily due to an increase in earnings in jurisdictions with lower tax rates than the U.S. federal statutory tax rate where such earnings are permanently reinvested. The higher tax rate for the three and six months ended June 30, 2017 compared with the same periods for 2016 was primarily due to the release of valuation allowances in 2016 primarily attributable to operating losses in certain foreign jurisdictions. As described in Note I, effective January 1, 2017, the Company adopted the new guidance (ASU 2016-09) and will record excess tax benefits or tax deficiencies from stock-based compensation in the Statements of Consolidated Income within the provision for income taxes rather than in the Consolidated Balance Sheets within Paid-in capital. The Company provides valuation allowances against deferred tax assets when it is more likely than not that some portion or all of its deferred tax assets will not be realized. No significant changes to the valuation allowance were reflected for the period ended June 30, 2017. During the period ended June 30, 2017, the Company did not record any unrecognized tax benefits and as of June 30, 2017, the Company has no unrecognized tax benefits. The Company does not anticipate any significant changes to its gross unrecognized tax benefits within the next twelve months.

NOTE L – INCOME TAXES

The Company’s effective tax rate was 34% and 27% for the three months ended June 30, 2017 and 2016, respectively, and 32% and 27% for the six months ended June 30, 2017 and 2016, respectively. The lower effective tax rate for the three and six months ended June 30, 2017 compared to the U.S. federal statutory tax rate of 35% was primarily due to an increase in earnings in jurisdictions with lower tax rates than the U.S. federal statutory tax rate where such earnings are permanently reinvested. The higher tax rate for the three and six months ended June 30, 2017 compared with the same periods for 2016 was primarily due to the release of valuation allowances in 2016 primarily attributable to operating losses in certain foreign jurisdictions.

As described in Note I, effective January 1, 2017, the Company adopted the new guidance (ASU 2016-09) and will record excess tax benefits or tax deficiencies from stock-based compensation in the Statements of Consolidated Income within the provision for income taxes rather than in the Consolidated Balance Sheets within Paid-in capital.

The Company provides valuation allowances against deferred tax assets when it is more likely than not that some portion or all of its deferred tax assets will not be realized. No significant changes to the valuation allowance were reflected for the period ended June 30, 2017.

During the period ended June 30, 2017, the Company did not record any unrecognized tax benefits and as of June 30, 2017, the Company has no unrecognized tax benefits. The Company does not anticipate any significant changes to its gross unrecognized tax benefits within the next twelve months.