Mettler-Toledo International (MTD) 10-Q 4 May 18 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	3 Months Ended
	Mar. 31, 2018	Jun. 30, 2017
Entity Information [Line Items]
Entity Registrant Name	METTLER TOLEDO INTERNATIONAL INC/
Entity Central Index Key	1,037,646
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding	25,392,875
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float		$ 15,103,082,974

Interim Consolidated Statements

Interim Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net sales
Products	$ 510,946	$ 457,260
Service	149,875	137,307
Total net sales	660,821	594,567
Cost of sales
Products	202,587	175,313
Service	83,301	75,865
Gross profit	374,933	343,389
Research and development	34,713	31,200
Selling, general and administrative	200,674	185,656
Amortization	11,735	10,045
Interest Expense	8,359	7,741
Restructuring Charges	4,413	1,432
Other charges (income), net	(2,400)	(6,533)
Earnings before taxes	117,439	113,848
Provision for taxes	24,135	21,382
Net Income (Loss) Attributable to Parent	$ 93,304	$ 92,466
Basic earnings per common share:
Net earnings	$ 3.66	$ 3.57
Weighted average number of common shares	25,468,323	25,932,112
Diluted earnings per common share:
Net earnings	$ 3.58	$ 3.48
Weighted average number of common and common equivalent shares	26,095,647	26,586,061
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 122,194	$ 116,344

Interim Consolidated Balance Sh

Interim Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 98,949	$ 148,687
Trade accounts receivable, less allowances of $17,016 at March 31, 2018 and $15,549 at December 31, 2017	483,919	528,615
Inventories	278,318	255,390
Other current assets and prepaid expenses	66,186	74,031
Total current assets	927,372	1,006,723
Property, plant and equipment, net	696,890	668,271
Goodwill	544,784	539,838
Other intangible assets, net	224,727	226,718
Non-current deferred tax assets, net	41,717	41,425
Other non-current assets	76,417	66,830
Total assets	2,511,907	2,549,805
Current liabilities:
Trade accounts payable	164,639	167,627
Accrued and other liabilities	159,846	152,834
Accrued compensation and related items	103,793	170,159
Deferred revenue and customer prepayments	130,704	107,166
Taxes payable	63,017	72,210
Short-term borrowings and current maturities of long-term debt	14,883	19,677
Total current liabilities	636,882	689,673
Long-term debt	978,715	960,170
Non-current deferred tax liabilities	46,689	51,230
Other non-current liabilities	288,874	301,452
Total liabilities	1,951,160	2,002,525
Commitments and contingencies (Note 15)
Shareholders' equity:
Preferred stock, $0.01 par value per share; authorized 10,000,000 shares	0	0
Common stock, $0.01 par value per share; authorized 125,000,000 shares; issued 44,786,011 and 44,786,011 shares; outstanding 25,392,875 and 25,541,393 shares at March 31, 2018 and December 31, 2017, respectively	448	448
Additional paid-in capital	751,492	747,138
Treasury stock at cost (19,393,136 shares at March 31, 2018 and 19,244,618 shares at December 31, 2017)	(3,481,032)	(3,368,182)
Retained earnings	3,526,355	3,433,282
Accumulated Other Comprehensive Income (Loss), Net of Tax	(236,516)	(265,406)
Total shareholders' equity	560,747	547,280
Total liabilities and shareholders' equity	$ 2,511,907	$ 2,549,805

Interim Consolidated Balance S4

Interim Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Allowance for Doubtful Accounts Receivable, Current	$ 17,016	$ 15,549
Shareholders' equity:
Preferred stock, par value	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	125,000,000	125,000,000
Common stock, shares issued	44,786,011	44,786,011
Common stock, shares outstanding	25,392,875	25,541,393
Treasury stock, shares	19,393,136	19,244,618

Interim Consolidated Statement5

Interim Consolidated Statements of Shareholders' Equity and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2016	$ 434,943	$ 448	$ 730,556	$ (3,006,771)	$ 3,065,708	$ (354,998)
Beginning balance, shares at Dec. 31, 2016		26,020,234
Stock Issued During Period, Value, Treasury Stock Reissued	(28,649)			(38,586)	(9,937)
Exercise of stock options and restricted stock units, shares		270,413
Repurchases of common stock	(399,997)			(399,997)
Repurchases of common stock, shares		(749,254)
Adjustment to Additional Paid in Capital, Share-Based Compensation	16,582		16,582
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	1,539				1,539
Net Income (Loss) Attributable to Parent	375,972				375,972
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	89,592					89,592
Ending balance at Dec. 31, 2017	$ 547,280	$ 448	747,138	(3,368,182)	3,433,282	(265,406)
Ending balance, shares at Dec. 31, 2017	25,541,393	25,541,393
Stock Issued During Period, Value, Treasury Stock Reissued	$ (5,669)			(5,900)	(231)
Exercise of stock options and restricted stock units, shares	39,362	39,362
Repurchases of common stock	$ (118,750)			(118,750)
Repurchases of common stock, shares	(187,880)	(187,880)
Adjustment to Additional Paid in Capital, Share-Based Compensation	$ 4,354		4,354
Net Income (Loss) Attributable to Parent	93,304				93,304
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	28,890					28,890
Ending balance at Mar. 31, 2018	$ 560,747	$ 448	$ 751,492	$ (3,481,032)	$ 3,526,355	$ (236,516)
Ending balance, shares at Mar. 31, 2018	25,392,875	25,392,875

Interim Consolidated Statement6

Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent	$ 93,304	$ 92,466
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	9,157	7,966
Amortization	11,735	10,045
Deferred tax benefit	(6,416)	(1,470)
Share-based compensation	4,354	3,822
Gain (Loss) on Disposition of Property Plant Equipment	0	(3,394)
Other	(1,269)	(10)
Increase (decrease) in cash resulting from changes in:
Trade accounts receivable, net	54,302	23,289
Inventories	(15,707)	(15,795)
Other current assets	2,419	(2,045)
Trade accounts payable	(3,451)	(10,614)
Taxes payable	(11,640)	(9,209)
Other Operating Activities, Cash Flow Statement	(60,224)	(27,452)
Net cash provided by operating activities	76,564	67,599
Cash flows from investing activities:
Proceeds from sale of property, plant and equipment	4,507	10,003
Purchase of property, plant and equipment	(29,774)	(21,015)
Payments to Acquire Businesses, Net of Cash Acquired	(500)	0
Payments for (Proceeds from) Derivative Instrument, Investing Activities	3,304	312
Net cash used in investing activities	(22,463)	(10,700)
Cash flows from financing activities:
Proceeds from borrowings	336,512	472,732
Repayments of borrowings	(331,114)	(409,881)
Proceeds from stock option exercises	5,669	8,201
Repurchases of common stock	(118,750)	(124,997)
Net cash used in financing activities	(107,683)	(53,945)
Effect of exchange rate changes on cash and cash equivalents	3,844	3,265
Net (decrease) increase in cash and cash equivalents	(49,738)	6,219
Cash and cash equivalents:
Beginning of period	148,687	158,674
End of period	$ 98,949	$ 164,893

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Mettler-Toledo International Inc. ("Mettler-Toledo" or the "Company") is a leading global supplier of precision instruments and services. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications. The Company also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development. In addition, the Company manufactures metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications. The Company's primary manufacturing facilities are located in China, Germany, Switzerland, the United Kingdom and the United States. The Company's principal executive offices are located in Columbus, Ohio and Greifensee, Switzerland. The accompanying interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include all entities in which the Company has control, which are its wholly-owned subsidiaries. The interim consolidated financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The interim consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 . The accompanying interim consolidated financial statements reflect all adjustments which, in the opinion of management, are necessary for a fair statement of the results of the interim periods presented. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results to be expected for the full year ending December 31, 2018 . The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results may differ from those estimates. A discussion of the Company’s critical accounting policies is included in Management’s Discussion and Analysis of Financial Condition and Results of Operations and the Notes to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 . All intercompany transactions and balances have been eliminated. Certain reclassifications have been made to prior year amounts to conform to the current year presentation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Trade Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts represents the Company’s best estimate of probable credit losses in its existing trade accounts receivable. The Company determines the allowance based upon a review of both specific accounts for collection and the age of the accounts receivable portfolio. Inventories Inventories are valued at the lower of cost or net realizable value. Cost, which includes direct materials, labor and overhead, is generally determined using the first in, first out (FIFO) method. The estimated net realizable value is based on assumptions for future demand and related pricing. Adjustments to the cost basis of the Company’s inventory are made for excess and obsolete items based on usage, orders and technological obsolescence. If actual market conditions are less favorable than those projected by management, reductions in the value of inventory may be required. Inventories consisted of the following: March 31, December 31, Raw materials and parts $ 122,851 $ 118,790 Work-in-progress 51,872 43,035 Finished goods 103,595 93,565 $ 278,318 $ 255,390 Goodwill and Other Intangible Assets Goodwill, representing the excess of purchase price over the net asset value of companies acquired, and indefinite-lived intangible assets are not amortized, but are reviewed for impairment annually in the fourth quarter, or more frequently if events or changes in circumstances indicate that an asset might be impaired. The annual evaluation for goodwill and indefinite-lived intangible assets are generally based on an assessment of qualitative and quantitative factors to determine whether it is more likely than not that the fair value of the underlying asset is less than its carrying amount. Other intangible assets include indefinite-lived assets and assets subject to amortization. Where applicable, amortization is charged on a straight-line basis over the expected period to be benefited. The straight-line method of amortization reflects an appropriate allocation of the cost of the intangible assets to earnings in proportion to the amount of economic benefits obtained by the Company in each reporting period. The Company assesses the initial acquisition of intangible assets in accordance with the provisions of ASC 805 “Business Combinations” and the continued accounting for previously recognized intangible assets and goodwill in accordance with the provisions of ASC 350 “Intangibles – Goodwill and Other” and ASC 360 “Property, Plant and Equipment.” Other intangible assets consisted of the following : March 31, 2018 December 31, 2017 Gross Amount Accumulated Amortization Intangibles, Net Gross Amount Accumulated Amortization Intangibles, Net Customer relationships $ 199,197 $ (44,094 ) $ 155,103 $ 198,527 $ (41,794 ) $ 156,733 Proven technology and patents 71,370 (40,395 ) 30,975 70,311 (38,890 ) 31,421 Tradename (finite life) 4,650 (2,943 ) 1,707 4,518 (2,807 ) 1,711 Tradename (indefinite life) 35,614 — 35,614 35,562 — 35,562 Other 3,661 (2,333 ) 1,328 3,490 (2,199 ) 1,291 $ 314,492 $ (89,765 ) $ 224,727 $ 312,408 $ (85,690 ) $ 226,718 The Company recognized amortization expense associated with the above intangible assets of $3.6 million and $2.5 million for the three months ended March 31, 2018 and 2017 , respectively. The annual aggregate amortization expense based on the current balance of other intangible assets is estimated at $14.1 million for 2018 , $13.6 million for 2019 , $13.2 million for 2020 , $12.6 million for 2021 , $12.1 million for 2022 and $11.9 million for 2023 . Purchased intangible amortization was $3.4 million , $2.5 million after tax and $2.3 million , $1.5 million after tax for the three months ended March 31, 2018 and 2017 , respectively. In addition to the above amortization, the Company recorded amortization expense associated with capitalized software of $8.1 million and $7.5 million for the three months ended March 31, 2018 and 2017 , respectively. Revenue Recognition Product revenue is recognized from contracts with customers when a customer has obtained control of a product. The Company considers control to have transferred upon shipment or delivery. To the extent the Company’s contracts have a separate performance obligation, revenue related to any post-shipment performance obligation is deferred until completed. Shipping and handling costs charged to customers are included in total net sales and the associated expense is a component of cost of sales. Certain products are also sold through indirect distribution channels whereby the distributor assumes any further obligations to the end customer. Revenue is recognized on these distributor arrangements upon transfer of control to the distributor. Contracts do not contain variable pricing arrangements that are retrospective, except for rebate programs. Rebates are estimated based on expected sales volumes and offset against revenue at the time such revenue is recognized. The Company generally maintains the right to accept or reject a product return in its terms and conditions and also maintains appropriate accruals for outstanding credits. The provisions for estimated returns and rebates are immaterial to the consolidated financial statements. Certain of the Company’s arrangements include separate performance obligations, primarily related to installation. Such performance obligations are accounted for separately when the deliverables have stand-alone value and the satisfaction of the undelivered performance obligations is probable and within the Company's control. The allocation of revenue between the performance obligations is based on the observable standalone selling prices at the time of the sale in accordance with a number of factors including service technician billing rates, time to install and geographic location. Software is generally not considered a distinct performance obligation with the exception of a few small software applications. The Company does not sell software products without the related hardware instrument as the software is embedded in the product. The Company’s products typically require no significant production, modification, or customization of the hardware or software that is essential to the functionality of the products. Service revenue not under contract is recognized upon the completion of the service performed. Revenue from spare parts sold on a stand-alone basis is recognized when control is transferred to the customer, which is generally at the time of shipment or delivery. Revenue from service contracts is recognized ratably over the contract period using a time-based method. These contracts represent an obligation to perform repair and other services including regulatory compliance qualification, calibration, certification, and preventative maintenance on a customer’s pre-defined equipment over the contract period. Warranty The Company generally offers one -year warranties on most of its products. Product warranties are recorded at the time revenue is recognized. While the Company engages in extensive product quality programs and processes, its warranty obligation is affected by product failure rates, material usage and service costs incurred in correcting a product failure. Employee Termination Benefits In situations where contractual termination benefits exist, the Company records accruals for employee termination benefits when it is probable that a liability has been incurred and the amount of the liability is reasonably estimable. All other employee termination arrangements are recognized and measured at their fair value at the communication date unless the employee is required to render additional service beyond the legal notification period, in which case the liability is recognized ratably over the future service period. Share-Based Compensation The Company recognizes share-based compensation expense within selling, general and administrative in the consolidated statements of operations and comprehensive income with a corresponding offset to additional paid-in capital in the consolidated balance sheet. The Company recorded $4.4 million and $3.8 million of share-based compensation expense for the three months ended March 31, 2018 and 2017 , respectively. Research and Development Research and development costs primarily consist of salaries, consulting and other costs. The Company expenses these costs as incurred. Business Combinations and Asset Acquisitions The Company accounts for business acquisitions under the accounting standards for business combinations. The results of each acquisition are included in the Company's consolidated results as of the acquisition date. The purchase price of an acquisition is allocated to tangible and intangible assets and assumed liabilities based on their estimated fair values and any consideration in excess of the net assets acquired is recognized as goodwill. Acquisition transaction costs are expensed when incurred. In circumstances where an acquisition involves a contingent consideration arrangement, the Company recognizes a liability equal to the fair value of the expected contingent payments as of the acquisition date. Subsequent changes in the fair value of the contingent consideration are recorded to other charges (income), net. Recent Accounting Pronouncements On January 1, 2018 the Company retrospectively implemented ASU 2017-7 to ASC 715 "Compensation - Retirement Benefits," which requires the Company to report the non-service cost components of net periodic benefit cost (pension cost) in other charges (income), net. These amounts were previously reported in selling, general, and administrative, cost of sales and research and development in the consolidated statement of operations. Non-service pension costs were a benefit of $1.6 million and $0.8 million for the three months ended March 31, 2018 and 2017 respectively. In February 2016, the FASB issued ASU 2016-02 to ASC 842 "Leases." The accounting guidance primarily requires lessees to recognize most leases on their balance sheet as a right to use asset and a lease liability, with the exception of short term leases. A lessee will continue to recognize lease expense on a straight-line basis for leases classified as operating leases. The guidance becomes effective for fiscal years beginning after December 15, 2018. The Company is currently evaluating the impact of this guidance on the financial statements and the timing of adoption including pending proposals regarding the transition option. In February 2018, the FASB issued ASU 2018-02, "Income Statement - Reporting Comprehensive Income". The accounting update provided entities with guidance on how to reclassify certain stranded tax effects from accumulated other comprehensive income as a result of the Tax Cuts and Jobs Act, which was a tax bill enacted by the U.S. government in December 2017. The new guidance is effective for the year beginning January 1, 2019 and the Company is still evaluating the impact on the financial statements.

Revenue Recognition (Notes)

Revenue Recognition (Notes)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE On January 1, 2018, the Company adopted ASC 606 "Revenue from Contracts with Customers" and all the related amendments using the modified retrospective method, whereby the adoption does not impact any prior periods. The effect of adopting the new standard did not require any cumulative effect adjustment to retained earnings as of January 1, 2018. There was no impact to our consolidated statements of operations, balance sheet, or statement of cash flows as of and for the period ended March 31, 2018. The Company disaggregates revenue from contracts with customers by product, service, timing of revenue recognition and geography. A summary by the Company’s reportable segments follows for the three months ended March 31, 2018: U.S. Operations Swiss Operations Western European Operations Chinese Operations Other Operations Total Product Revenue $ 172,501 $ 25,565 $ 116,932 $ 104,292 $ 91,656 $ 510,946 Service Revenue: Point in time 47,619 4,830 34,590 7,127 24,237 118,403 Over time 9,625 2,071 13,850 2,511 3,415 31,472 Total $ 229,745 $ 32,466 $ 165,372 $ 113,930 $ 119,308 $ 660,821 A summary of revenue by major geographic destination for the three months ended March 31, 2018 follows: 2018 Americas $ 252,279 Europe 205,840 Asia / Rest of World 202,702 Total $ 660,821 The Company's global revenue mix by product category is laboratory ( 52% of sales), industrial ( 40% of sales) and retail ( 8% of sales). The Company's product revenue by reportable segment is proportionately similar to the Company's global mix except the Company's Swiss Operations is largely comprised of laboratory products while the Company's Chinese Operations has a slightly higher percentage of industrial products. A summary of the Company’s revenue by product category for the three months ended March 31, 2018 is as follows: 2018 Laboratory $ 345,159 Industrial 262,656 Retail 53,006 Total $ 660,821 The payment terms in the Company’s contracts with customers do not exceed one year and therefore contracts do not contain a significant financing component. In most cases, after appropriate credit evaluations, payments are due in arrears and are recognized as receivables. Unbilled revenue is recorded when performance obligations have been satisfied, but the Company does not have right to receive payment. Unbilled revenue as of March 31, 2018 was $16.0 million and is included within accounts receivable. Deferred revenue and customer prepayments are recorded when cash payments are received or due in advance of the performance obligation being satisfied. Deferred revenue primarily includes prepaid service contracts, as well as deferred installation. Changes in the components of deferred revenue and customer prepayments during the period are as follows: Customer Pre-payments Deferred Revenue Total Beginning balances as of December 31, 2017 $ 56,772 $ 50,394 $ 107,166 Customer pre-payments/deferred revenue 96,878 54,131 151,009 Revenue recognized (95,913 ) (33,883 ) (129,796 ) Foreign currency translation 1,161 1,164 2,325 Ending balance as of March 31, 2018 $ 58,898 $ 71,806 $ 130,704 The Company generally expenses sales commissions when incurred because the amortization period is one year or less. These costs are recorded within selling, general, and administrative expenses. The Company has not disclosed the value of unsatisfied performance obligations other than customer pre-payments and deferred revenue above as most contracts have an expected length of one year or less and amounts greater than one year are immaterial.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2018
Derivative [Line Items]
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS The Company has limited involvement with derivative financial instruments and does not use them for trading purposes. The Company enters into certain interest rate swap agreements in order to manage its exposure to changes in interest rates. The amount of the Company's fixed obligation interest payments may change based upon the expiration dates of its interest rate swap agreements and the level and composition of its debt. The Company also enters into certain foreign currency forward contracts to limit the Company's exposure to currency fluctuations on the respective hedged items. As also mentioned in Note 7, the Company has designated its euro denominated debt as a hedge of a portion of its net investment in euro-denominated foreign operations. For additional disclosures on the fair value of financial instruments, also see Note 5 to the interim consolidated financial statements. Cash Flow Hedges In 2017, the Company entered into a cross currency swap arrangement designated as a cash flow hedge. The agreement converts $100 million of borrowings under the Company's credit facility into synthetic Swiss franc debt which allows the Company to effectively change the floating rate LIBOR-based interest payments to a fixed Swiss franc income of 0.01% . The swap began in June 2017 and matures in June 2019. In 2015, the Company entered into an interest rate swap agreement designated as a cash flow hedge. The agreement is a swap which has the effect of changing the floating rate LIBOR-based interest payments associated with $100 million in borrowings under the Company's credit agreement to a fixed obligation of 2.25% . The swap began in February 2017 and matures in February 2022. In 2013, the Company entered into an interest rate swap agreement designated as a cash flow hedge. The agreement is a swap which has the effect of changing the floating rate LIBOR-based interest payments associated with $50 million in borrowings under the Company’s credit facility to a fixed obligation of 2.52% . The swap began in October 2015 and matures in October 2020. The Company's cash flow hedges are recorded gross at fair value in the consolidated balance sheet at March 31, 2018 and December 31, 2017 , respectively, and disclosed in Note 5 to the consolidated financial statements. Amounts reclassified into other comprehensive income and the effective portions of the cash flow hedges are further disclosed in Note 9 to the consolidated financial statements. A derivative gain of $2.7 million based upon interest rates at March 31, 2018 , is expected to be reclassified from other comprehensive income (loss) to earnings in the next twelve months. Through March 31, 2018 , no hedge ineffectiveness has occurred in relation to the cash flow hedges. Other Derivatives The Company enters into foreign currency forward contracts in order to economically hedge short-term trade and non-trade intercompany balances largely denominated in Swiss franc, other major European currencies, and the Chinese Renminbi with its foreign businesses. In accordance with U.S. GAAP, these contracts are considered “derivatives not designated as hedging instruments.” Gains or losses on these instruments are reported in current earnings. The foreign currency forward contracts are recorded at fair value in the consolidated balance sheet at March 31, 2018 and December 31, 2017 as disclosed in Note 5. The Company recognized in other charges (income), a net gain of $5.7 million and $1.7 million during the three months ended March 31, 2018 and 2017 , respectively, which offset the related transaction gains (losses) associated with these contracts. At March 31, 2018 and December 31, 2017 , these contracts had a notional value of $448.1 million and $394.8 million , respectively.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS At March 31, 2018 and December 31, 2017 , the Company had derivative assets totaling $2.3 million and $1.9 million , respectively, and derivative liabilities totaling $2.8 million and $2.4 million , respectively. The fair values of the interest rate swap agreement and foreign currency forward contracts that economically hedge short-term intercompany balances are estimated based upon inputs from current valuation information obtained from dealer quotes and priced with observable market assumptions and appropriate valuation adjustments for credit risk. The Company has evaluated the valuation methodologies used to develop the fair values by dealers in order to determine whether such valuations are representative of an exit price in the Company’s principal market. In addition, the Company uses an internally developed model to perform testing on the valuations received from brokers. The Company has also considered both its own credit risk and counterparty credit risk in determining fair value and determined these adjustments were insignificant at March 31, 2018 and December 31, 2017 . At March 31, 2018 and December 31, 2017 , the Company had $10.4 million and $5.6 million of cash equivalents, respectively, the fair value of which is determined through quoted and corroborated prices in active markets. The fair value of cash equivalents approximates cost. The fair value of the Company's fixed interest rate debt was estimated using Level 2 inputs, primarily discounted cash flow models, based on estimated current rates offered for similar debt under current market conditions for the Company. The carrying value of the Company's debt exceeds the fair value by approximately $0.4 million as of March 31, 2018 . The fair value of the contingent consideration obligation of $30.9 million relating to the Biotix acquisition as of March 31, 2018 is based on the Company's forecast of future results. The fair value measurements are based on significant inputs not observable in the market and thus represent a Level 3 measurement. Under U.S. GAAP, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement consists of observable and unobservable inputs that reflect the assumptions that a market participant would use in pricing an asset or liability. A fair value hierarchy has been established that categorizes these inputs into three levels: Level 1: Quoted prices in active markets for identical assets and liabilities Level 2: Observable inputs other than quoted prices in active markets for identical assets and liabilities Level 3: Unobservable inputs The following table presents for each of these hierarchy levels, the Company’s assets and liabilities that are measured at fair value on a recurring basis at March 31, 2018 and December 31, 2017 : March 31, 2018 December 31, 2017 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Cash equivalents $ 10,364 $ — $ 10,364 $ — $ 5,616 $ — $ 5,616 $ — Interest rate swap agreements 976 — 976 — — — — — Foreign currency forward contracts not designated as hedging instruments 1,371 — 1,371 — 1,912 — 1,912 — Total $ 12,711 $ — $ 12,711 $ — $ 7,528 $ — $ 7,528 $ — Liabilities: Interest rate swap agreements $ 126 $ — $ 126 $ — $ 1,292 $ — $ 1,292 $ — Cross currency swap agreement 2,043 — 2,043 — 106 — 106 — Foreign currency forward contracts not designated as hedging instruments 659 — 659 — 986 — 986 — Total $ 2,828 $ — $ 2,828 $ — $ 2,384 $ — $ 2,384 $ —

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for taxes is based upon using the Company's projected annual effective tax rate of 22% before non-recurring discrete items for the three month periods ended March 31, 2018 and 2017 . The difference between the Company's projected annual effective tax rate of 22% and its reported tax rate of 21% and 19% during the three months ending March 31, 2018 and 2017, respectively, is related to the timing of excess tax benefits associated with stock option exercises. On December 22, 2017, the Tax Cuts and Jobs Act (the "Act") significantly revised U.S. corporate income tax law. The Act includes, among other things, a reduction in the U.S. federal corporate income tax rate from 35% to 21% effective for taxable years beginning after December 31, 2017, and the implementation of a modified territorial tax system that includes a one-time transition tax on deemed repatriated earnings of foreign subsidiaries ("Transition Tax") that is payable over a period of up to eight years. Our accounting for the Act is based upon reasonable estimates, however, the Company estimates may change upon the finalization of the Act's implementation and additional interpretive guidance from regulatory authorities. Among other things, the Company needs to complete its analysis of historical foreign earnings and related taxes paid and its analysis of foreign cash equivalents. In addition, the Company needs to complete its analysis of deemed repatriation of deferred foreign income and related state tax effects. The Company will complete its accounting for the above tax effects of the Act during 2018 as provided in SAB 118 and will reflect any adjustments to its provisional amounts as an adjustment to the provision for taxes in the reporting period in which the amounts are finally determined.

Debt

Debt	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
DEBT	DEBT Debt consisted of the following at March 31, 2018 : March 31, 2018 U.S. Dollar Other Principal Trading Currencies Total 3.67% $50 million Senior Notes due December 17, 2022 $ 50,000 $ — $ 50,000 4.10% $50 million Senior Notes due September 19, 2023 50,000 — 50,000 3.84% $125 million Senior Notes due September 19, 2024 125,000 — 125,000 4.24% $125 million Senior Notes due June 25, 2025 125,000 — 125,000 1.47% Euro 125 million Senior Notes due June 17, 2030 — 155,260 155,260 Debt issuance costs, net (1,038 ) (349 ) (1,387 ) Total Senior Notes 348,962 154,911 503,873 $800 million Credit Agreement, interest at LIBOR plus 87.5 basis points 400,234 74,608 474,842 Other local arrangements 16 14,867 14,883 Total debt 749,212 244,386 993,598 Less: current portion (16 ) (14,867 ) (14,883 ) Total long-term debt $ 749,196 $ 229,519 $ 978,715 As of March 31, 2018 , the Company had $319.7 million of availability remaining under its Credit Agreement. In April 2018, two of the Company's non-U.S. pension plans issued a loan of $39.6 million (Swiss franc 38 million) to a wholly owned subsidiary of the Company. The loan has an interest rate of LIBOR plus 87.5 basis points and a maturity date of April 2019 and a one year renewal term and, as such, will be classified as short-term debt on the Company's consolidated balance sheet. The proceeds were used to pay down amounts outstanding on the existing credit facility. 1.47% Euro Senior Notes The Company has designated the 1.47% Euro Senior Notes as a hedge of a portion of its net investment in a euro-denominated foreign subsidiary to reduce foreign currency risk associated with this net investment. Changes in the carrying value of this debt resulting from fluctuations in the euro to U.S. dollar exchange rate are recorded as foreign currency translation adjustments within other comprehensive income (loss). The pre-tax unrealized loss recorded in other comprehensive income (loss) related to this net investment hedge was $5.5 million and $3.3 million for the three months ended March 31, 2018 and 2017 , respectively.

Share Repurchase Program and Tr

Share Repurchase Program and Treasury Stock	3 Months Ended
	Mar. 31, 2018
Share Repurchase Program and Treasury Stock [Abstract]
Treasury Stock [Text Block]	SHARE REPURCHASE PROGRAM AND TREASURY STOCK The Company has a share repurchase program of which there was $464.7 million common shares remaining to be repurchased under the program as of March 31, 2018 . The share repurchases are expected to be funded from cash generated from operating activities, borrowings and existing cash balances. Repurchases will be made through open market transactions, and the amount and timing of repurchases will depend on business and market conditions, stock price, trading restrictions, the level of acquisition activity, and other factors. The Company has purchased 26.9 million shares since the inception of the program in 2004 through March 31, 2018 . During the three months ended March 31, 2018 and 2017 , the Company spent $118.8 million and $125.0 million on the repurchase of 187,880 shares and 275,088 shares at an average price per share of $632.03 and $454.37 , respectively. The Company reissued 39,362 shares and 76,849 shares held in treasury for the exercise of stock options and restricted stock units during the three months ended March 31, 2018 and 2017 , respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Notes)	3 Months Ended
	Mar. 31, 2018
Accumulated Other Comprehensive Income [Abstract]
Comprehensive Income (Loss) Note [Text Block]	ACCUMULATED OTHER COMPREHENSIVE INCOME The following table presents changes in accumulated other comprehensive income (loss) by component for the periods ended March 31, 2018 and 2017 : Currency Translation Adjustment Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax Pension and Post-Retirement Benefit Related Items, Net of Tax Total Balance at December 31, 2017 $ (31,340 ) $ (1,081 ) $ (232,985 ) $ (265,406 ) Other comprehensive income (loss), net of tax: Unrealized gains (losses) cash flow hedging arrangements — 5,915 — 5,915 Foreign currency translation adjustment 28,969 — (6,464 ) 22,505 Amounts recognized from accumulated other comprehensive income (loss), net of tax — (3,215 ) 3,685 470 Net change in other comprehensive income (loss), net of tax 28,969 2,700 (2,779 ) 28,890 Balance at March 31, 2018 $ (2,371 ) $ 1,619 $ (235,764 ) $ (236,516 ) Currency Translation Adjustment Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax Pension and Post-Retirement Benefit Related Items, Net of Tax Total Balance at December 31, 2016 $ (115,322 ) $ (2,232 ) $ (237,444 ) $ (354,998 ) Other comprehensive income (loss), net of tax: Unrealized gains (losses) cash flow hedging arrangements — 152 — 152 Foreign currency translation adjustment 24,349 — (4,546 ) 19,803 Amounts recognized from accumulated other comprehensive income (loss), net of tax — 211 3,712 3,923 Net change in other comprehensive income (loss), net of tax 24,349 363 (834 ) 23,878 Balance at March 31, 2017 $ (90,973 ) $ (1,869 ) $ (238,278 ) $ (331,120 ) The following table presents amounts recognized from accumulated other comprehensive income (loss) for the three months ended March 31 : 2018 2017 Location of Amounts Recognized in Earnings Effective portion of (gains) losses on cash flow hedging arrangements: Interest rate swap agreements $ 277 $ 344 Interest expense Cross currency swap (3,710 ) — (a) Total before taxes (3,433 ) 344 Provision for taxes (218 ) 133 Provision for taxes Total, net of taxes $ (3,215 ) $ 211 Recognition of defined benefit pension and post-retirement items: Recognition of actuarial (gains) losses, plan amendments and prior service cost, before taxes $ 4,811 $ 5,039 (b) Provision for taxes 1,126 1,327 Provision for taxes Total, net of taxes $ 3,685 $ 3,712 (a) The cross currency swap reflects an unrealized gain of $3.1 million recorded in other charges (income) that was offset by the underlying unrealized loss on the hedged debt. The cross currency swap also reflects a realized gain of $0.6 million recorded in interest expense for the three months ended March 31, 2018 . (b) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 11 for additional details for the three months ended March 31, 2018 and 2017 . Comprehensive income (loss), net of tax consisted of the following: March 31, March 31, Net earnings $ 93,304 $ 92,466 Other comprehensive income (loss), net of tax 28,890 $ 23,878 Comprehensive income (loss), net of tax $ 122,194 $ 116,344

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE In accordance with the treasury stock method, the Company has included the following common equivalent shares in the calculation of diluted weighted average number of common shares outstanding for the three months ended March 31 , relating to outstanding stock options and restricted stock units: 2018 2017 Three months ended 627,324 653,949 Outstanding options and restricted stock units to purchase or receive 56,224 and 93,005 shares of common stock for the three months ended March 31, 2018 and 2017 , respectively, have been excluded from the calculation of diluted weighted average number of common and common equivalent shares as such options and restricted stock units would be anti-dilutive.

Net Periodic Benefit Cost

Net Periodic Benefit Cost	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
NET PERIODIC BENEFIT COST	NET PERIODIC BENEFIT COST Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the three months ended March 31 : U.S. Pension Benefits Non-U.S. Pension Benefits Other U.S. Post-retirement Benefits Total 2018 2017 2018 2017 2018 2017 2018 2017 Service cost, net $ 272 $ 141 $ 3,921 $ 3,988 $ — $ — $ 4,193 $ 4,129 Interest cost on projected benefit obligations 1,061 1,094 2,223 2,052 16 18 3,300 3,164 Expected return on plan assets (1,732 ) (1,684 ) (7,987 ) (7,322 ) — — (9,719 ) (9,006 ) Recognition of prior service cost — — (1,794 ) (1,879 ) (93 ) (195 ) (1,887 ) (2,074 ) Recognition of actuarial losses/(gains) 1,451 1,639 5,560 5,947 (313 ) (473 ) 6,698 7,113 Net periodic pension cost/(credit) $ 1,052 $ 1,190 $ 1,923 $ 2,786 $ (390 ) $ (650 ) $ 2,585 $ 3,326 As previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017 , the Company expects to make employer contributions of approximately $25.9 million to its non-U.S. pension plan and employer contributions of approximately $0.4 million to its U.S. post-retirement medical plan during the year ended December 31, 2018 . These estimates may change based upon several factors, including fluctuations in currency exchange rates, actual returns on plan assets and changes in legal requirements.

Restructuring Charges

Restructuring Charges	3 Months Ended
	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES	RESTRUCTURING CHARGES For the three months ending March 31, 2018 , the Company incurred $4.4 million of restructuring expenses which primarily comprise employee related costs. Liabilities related to restructuring activities are included in accrued and other liabilities in the consolidated balance sheet. A rollforward of the Company’s accrual for restructuring activities for the three months ended March 31, 2018 is as follows: Total Balance at December 31, 2017 $ 10,620 Restructuring charges 4,413 Cash payments / utilization (5,242 ) Impact of foreign currency 231 Balance at March 31, 2018 $ 10,022

Other Charges (Income), Net

Other Charges (Income), Net	3 Months Ended
	Mar. 31, 2018
Other Income and Expenses [Abstract]
OTHER CHARGES (INCOME), NET	OTHER CHARGES (INCOME), NET Other charges (income), net includes non-service pension costs (benefits), (gains) losses from foreign currency transactions and related hedging activities, interest income and other items. Non-service pension benefits for the three months ended March 31, 2018 and 2017 were $1.6 million and $0.8 million , respectively. Other charges (income), net for the three months ended March 31, 2017 also includes a one-time gain of $3.4 million relating to the sale of a facility in Switzerland in connection with the Company's initiative to consolidate certain Swiss operations into a new facility.

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING As disclosed in Note 17 to the Company's consolidated financial statements for the year ending December 31, 2017 , the Company has determined there are five reportable segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company evaluates segment performance based on Segment Profit (gross profit less research and development and selling, general and administrative expenses, before amortization, interest expense, restructuring charges, other charges (income), net and taxes). The following tables show the operations of the Company’s reportable segments: Net Sales to Net Sales to For the three months ended External Other Total Net Segment March 31, 2018 Customers Segments Sales Profit Goodwill U.S. Operations $ 229,745 $ 23,666 $ 253,411 $ 34,245 $ 409,471 Swiss Operations 32,466 143,582 176,048 45,975 22,866 Western European Operations 165,372 41,012 206,384 18,282 95,938 Chinese Operations 113,930 60,407 174,337 59,553 722 Other (a) 119,308 1,640 120,948 13,881 15,787 Eliminations and Corporate (b) — (270,307 ) (270,307 ) (32,390 ) — Total $ 660,821 $ — $ 660,821 $ 139,546 $ 544,784 Net Sales to Net Sales to For the three months ended External Other Total Net Segment March 31, 2017 Customers Segments Sales Profit (c) Goodwill U.S. Operations $ 215,353 $ 22,412 $ 237,765 $ 38,822 $ 357,526 Swiss Operations 29,747 127,553 157,300 36,018 21,771 Western European Operations 147,323 42,942 190,265 24,718 83,777 Chinese Operations 90,781 52,932 143,713 44,659 643 Other (a) 111,363 1,597 112,960 13,108 14,935 Eliminations and Corporate (b) — (247,436 ) (247,436 ) (30,792 ) — Total $ 594,567 $ — $ 594,567 $ 126,533 $ 478,652 (a) Other includes reporting units in Southeast Asia, Latin America, Eastern Europe and other countries. (b) Eliminations and Corporate includes the elimination of inter-segment transactions and certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments. (c) 2017 segment profit has been adjusted to be consistent with 2018 for the adoption of ASU 2017-7 (as disclosed in Note 2). A reconciliation of earnings before taxes to segment profit for the three months ended March 31 follows: Three Months Ended March 31, 2018 March 31, 2017 Earnings before taxes $ 117,439 $ 113,848 Amortization 11,735 10,045 Interest expense 8,359 7,741 Restructuring charges 4,413 1,432 Other charges (income), net (2,400 ) (6,533 ) Segment profit $ 139,546 $ 126,533 During the three months ended March 31, 2018 , restructuring charges of $4.4 million were recognized, of which $3.6 million , $0.4 million , and $0.4 million related to the Company’s U.S., Swiss, and Western European operations, respectively. Restructuring charges of $1.4 million were recognized during the three months ended March 31, 2017 , of which $0.8 million , $0.4 million , $0.1 million and $0.1 million related to the Company's U.S., Swiss, Chinese and Other operations, respectively.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES The Company is party to various legal proceedings, including certain environmental matters, incidental to the normal course of business. Management does not expect that any of such proceedings, either individually or in the aggregate, will have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Trade Accounts Receivable	Trade Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for doubtful accounts represents the Company’s best estimate of probable credit losses in its existing trade accounts receivable. The Company determines the allowance based upon a review of both specific accounts for collection and the age of the accounts receivable portfolio.
Inventories	Inventories Inventories are valued at the lower of cost or net realizable value. Cost, which includes direct materials, labor and overhead, is generally determined using the first in, first out (FIFO) method. The estimated net realizable value is based on assumptions for future demand and related pricing. Adjustments to the cost basis of the Company’s inventory are made for excess and obsolete items based on usage, orders and technological obsolescence. If actual market conditions are less favorable than those projected by management, reductions in the value of inventory may be required. Inventories consisted of the following: March 31, December 31, Raw materials and parts $ 122,851 $ 118,790 Work-in-progress 51,872 43,035 Finished goods 103,595 93,565 $ 278,318 $ 255,390
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill, representing the excess of purchase price over the net asset value of companies acquired, and indefinite-lived intangible assets are not amortized, but are reviewed for impairment annually in the fourth quarter, or more frequently if events or changes in circumstances indicate that an asset might be impaired. The annual evaluation for goodwill and indefinite-lived intangible assets are generally based on an assessment of qualitative and quantitative factors to determine whether it is more likely than not that the fair value of the underlying asset is less than its carrying amount. Other intangible assets include indefinite-lived assets and assets subject to amortization. Where applicable, amortization is charged on a straight-line basis over the expected period to be benefited. The straight-line method of amortization reflects an appropriate allocation of the cost of the intangible assets to earnings in proportion to the amount of economic benefits obtained by the Company in each reporting period. The Company assesses the initial acquisition of intangible assets in accordance with the provisions of ASC 805 “Business Combinations” and the continued accounting for previously recognized intangible assets and goodwill in accordance with the provisions of ASC 350 “Intangibles – Goodwill and Other” and ASC 360 “Property, Plant and Equipment.” Other intangible assets consisted of the following : March 31, 2018 December 31, 2017 Gross Amount Accumulated Amortization Intangibles, Net Gross Amount Accumulated Amortization Intangibles, Net Customer relationships $ 199,197 $ (44,094 ) $ 155,103 $ 198,527 $ (41,794 ) $ 156,733 Proven technology and patents 71,370 (40,395 ) 30,975 70,311 (38,890 ) 31,421 Tradename (finite life) 4,650 (2,943 ) 1,707 4,518 (2,807 ) 1,711 Tradename (indefinite life) 35,614 — 35,614 35,562 — 35,562 Other 3,661 (2,333 ) 1,328 3,490 (2,199 ) 1,291 $ 314,492 $ (89,765 ) $ 224,727 $ 312,408 $ (85,690 ) $ 226,718 The Company recognized amortization expense associated with the above intangible assets of $3.6 million and $2.5 million for the three months ended March 31, 2018 and 2017 , respectively. The annual aggregate amortization expense based on the current balance of other intangible assets is estimated at $14.1 million for 2018 , $13.6 million for 2019 , $13.2 million for 2020 , $12.6 million for 2021 , $12.1 million for 2022 and $11.9 million for 2023 . Purchased intangible amortization was $3.4 million , $2.5 million after tax and $2.3 million , $1.5 million after tax for the three months ended March 31, 2018 and 2017 , respectively. In addition to the above amortization, the Company recorded amortization expense associated with capitalized software of $8.1 million and $7.5 million for the three months ended March 31, 2018 and 2017 , respectively.
Revenue Recognition	Revenue Recognition Product revenue is recognized from contracts with customers when a customer has obtained control of a product. The Company considers control to have transferred upon shipment or delivery. To the extent the Company’s contracts have a separate performance obligation, revenue related to any post-shipment performance obligation is deferred until completed. Shipping and handling costs charged to customers are included in total net sales and the associated expense is a component of cost of sales. Certain products are also sold through indirect distribution channels whereby the distributor assumes any further obligations to the end customer. Revenue is recognized on these distributor arrangements upon transfer of control to the distributor. Contracts do not contain variable pricing arrangements that are retrospective, except for rebate programs. Rebates are estimated based on expected sales volumes and offset against revenue at the time such revenue is recognized. The Company generally maintains the right to accept or reject a product return in its terms and conditions and also maintains appropriate accruals for outstanding credits. The provisions for estimated returns and rebates are immaterial to the consolidated financial statements. Certain of the Company’s arrangements include separate performance obligations, primarily related to installation. Such performance obligations are accounted for separately when the deliverables have stand-alone value and the satisfaction of the undelivered performance obligations is probable and within the Company's control. The allocation of revenue between the performance obligations is based on the observable standalone selling prices at the time of the sale in accordance with a number of factors including service technician billing rates, time to install and geographic location. Software is generally not considered a distinct performance obligation with the exception of a few small software applications. The Company does not sell software products without the related hardware instrument as the software is embedded in the product. The Company’s products typically require no significant production, modification, or customization of the hardware or software that is essential to the functionality of the products. Service revenue not under contract is recognized upon the completion of the service performed. Revenue from spare parts sold on a stand-alone basis is recognized when control is transferred to the customer, which is generally at the time of shipment or delivery. Revenue from service contracts is recognized ratably over the contract period using a time-based method. These contracts represent an obligation to perform repair and other services including regulatory compliance qualification, calibration, certification, and preventative maintenance on a customer’s pre-defined equipment over the contract period.
Warranty	Warranty The Company generally offers one -year warranties on most of its products. Product warranties are recorded at the time revenue is recognized. While the Company engages in extensive product quality programs and processes, its warranty obligation is affected by product failure rates, material usage and service costs incurred in correcting a product failure.
Employee Termination Benefits	Employee Termination Benefits In situations where contractual termination benefits exist, the Company records accruals for employee termination benefits when it is probable that a liability has been incurred and the amount of the liability is reasonably estimable. All other employee termination arrangements are recognized and measured at their fair value at the communication date unless the employee is required to render additional service beyond the legal notification period, in which case the liability is recognized ratably over the future service period.
Share - Based Compensation	Share-Based Compensation The Company recognizes share-based compensation expense within selling, general and administrative in the consolidated statements of operations and comprehensive income with a corresponding offset to additional paid-in capital in the consolidated balance sheet. The Company recorded $4.4 million and $3.8 million of share-based compensation expense for the three months ended March 31, 2018 and 2017 , respectively.
Research and Development	Research and Development Research and development costs primarily consist of salaries, consulting and other costs. The Company expenses these costs as incurred.
Business Combinations Policy [Policy Text Block]	Business Combinations and Asset Acquisitions The Company accounts for business acquisitions under the accounting standards for business combinations. The results of each acquisition are included in the Company's consolidated results as of the acquisition date. The purchase price of an acquisition is allocated to tangible and intangible assets and assumed liabilities based on their estimated fair values and any consideration in excess of the net assets acquired is recognized as goodwill. Acquisition transaction costs are expensed when incurred. In circumstances where an acquisition involves a contingent consideration arrangement, the Company recognizes a liability equal to the fair value of the expected contingent payments as of the acquisition date. Subsequent changes in the fair value of the contingent consideration are recorded to other charges (income), net.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements On January 1, 2018 the Company retrospectively implemented ASU 2017-7 to ASC 715 "Compensation - Retirement Benefits," which requires the Company to report the non-service cost components of net periodic benefit cost (pension cost) in other charges (income), net. These amounts were previously reported in selling, general, and administrative, cost of sales and research and development in the consolidated statement of operations. Non-service pension costs were a benefit of $1.6 million and $0.8 million for the three months ended March 31, 2018 and 2017 respectively. In February 2016, the FASB issued ASU 2016-02 to ASC 842 "Leases." The accounting guidance primarily requires lessees to recognize most leases on their balance sheet as a right to use asset and a lease liability, with the exception of short term leases. A lessee will continue to recognize lease expense on a straight-line basis for leases classified as operating leases. The guidance becomes effective for fiscal years beginning after December 15, 2018. The Company is currently evaluating the impact of this guidance on the financial statements and the timing of adoption including pending proposals regarding the transition option. In February 2018, the FASB issued ASU 2018-02, "Income Statement - Reporting Comprehensive Income". The accounting update provided entities with guidance on how to reclassify certain stranded tax effects from accumulated other comprehensive income as a result of the Tax Cuts and Jobs Act, which was a tax bill enacted by the U.S. government in December 2017. The new guidance is effective for the year beginning January 1, 2019 and the Company is still evaluating the impact on the financial statements.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Components of inventories	Inventories consisted of the following: March 31, December 31, Raw materials and parts $ 122,851 $ 118,790 Work-in-progress 51,872 43,035 Finished goods 103,595 93,565 $ 278,318 $ 255,390
Components of other intangible assets	Other intangible assets consisted of the following : March 31, 2018 December 31, 2017 Gross Amount Accumulated Amortization Intangibles, Net Gross Amount Accumulated Amortization Intangibles, Net Customer relationships $ 199,197 $ (44,094 ) $ 155,103 $ 198,527 $ (41,794 ) $ 156,733 Proven technology and patents 71,370 (40,395 ) 30,975 70,311 (38,890 ) 31,421 Tradename (finite life) 4,650 (2,943 ) 1,707 4,518 (2,807 ) 1,711 Tradename (indefinite life) 35,614 — 35,614 35,562 — 35,562 Other 3,661 (2,333 ) 1,328 3,490 (2,199 ) 1,291 $ 314,492 $ (89,765 ) $ 224,727 $ 312,408 $ (85,690 ) $ 226,718

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	U.S. Operations Swiss Operations Western European Operations Chinese Operations Other Operations Total Product Revenue $ 172,501 $ 25,565 $ 116,932 $ 104,292 $ 91,656 $ 510,946 Service Revenue: Point in time 47,619 4,830 34,590 7,127 24,237 118,403 Over time 9,625 2,071 13,850 2,511 3,415 31,472 Total $ 229,745 $ 32,466 $ 165,372 $ 113,930 $ 119,308 $ 660,821 A summary of revenue by major geographic destination for the three months ended March 31, 2018 follows: 2018 Americas $ 252,279 Europe 205,840 Asia / Rest of World 202,702 Total $ 660,821 The Company's global revenue mix by product category is laboratory ( 52% of sales), industrial ( 40% of sales) and retail ( 8% of sales). The Company's product revenue by reportable segment is proportionately similar to the Company's global mix except the Company's Swiss Operations is largely comprised of laboratory products while the Company's Chinese Operations has a slightly higher percentage of industrial products. A summary of the Company’s revenue by product category for the three months ended March 31, 2018 is as follows: 2018 Laboratory $ 345,159 Industrial 262,656 Retail 53,006 Total $ 660,821

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis	The following table presents for each of these hierarchy levels, the Company’s assets and liabilities that are measured at fair value on a recurring basis at March 31, 2018 and December 31, 2017 : March 31, 2018 December 31, 2017 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Assets: Cash equivalents $ 10,364 $ — $ 10,364 $ — $ 5,616 $ — $ 5,616 $ — Interest rate swap agreements 976 — 976 — — — — — Foreign currency forward contracts not designated as hedging instruments 1,371 — 1,371 — 1,912 — 1,912 — Total $ 12,711 $ — $ 12,711 $ — $ 7,528 $ — $ 7,528 $ — Liabilities: Interest rate swap agreements $ 126 $ — $ 126 $ — $ 1,292 $ — $ 1,292 $ — Cross currency swap agreement 2,043 — 2,043 — 106 — 106 — Foreign currency forward contracts not designated as hedging instruments 659 — 659 — 986 — 986 — Total $ 2,828 $ — $ 2,828 $ — $ 2,384 $ — $ 2,384 $ —

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt	Debt consisted of the following at March 31, 2018 : March 31, 2018 U.S. Dollar Other Principal Trading Currencies Total 3.67% $50 million Senior Notes due December 17, 2022 $ 50,000 $ — $ 50,000 4.10% $50 million Senior Notes due September 19, 2023 50,000 — 50,000 3.84% $125 million Senior Notes due September 19, 2024 125,000 — 125,000 4.24% $125 million Senior Notes due June 25, 2025 125,000 — 125,000 1.47% Euro 125 million Senior Notes due June 17, 2030 — 155,260 155,260 Debt issuance costs, net (1,038 ) (349 ) (1,387 ) Total Senior Notes 348,962 154,911 503,873 $800 million Credit Agreement, interest at LIBOR plus 87.5 basis points 400,234 74,608 474,842 Other local arrangements 16 14,867 14,883 Total debt 749,212 244,386 993,598 Less: current portion (16 ) (14,867 ) (14,883 ) Total long-term debt $ 749,196 $ 229,519 $ 978,715

Accumulated Other Comprehensi27

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2018
Accumulated Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table presents changes in accumulated other comprehensive income (loss) by component for the periods ended March 31, 2018 and 2017 : Currency Translation Adjustment Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax Pension and Post-Retirement Benefit Related Items, Net of Tax Total Balance at December 31, 2017 $ (31,340 ) $ (1,081 ) $ (232,985 ) $ (265,406 ) Other comprehensive income (loss), net of tax: Unrealized gains (losses) cash flow hedging arrangements — 5,915 — 5,915 Foreign currency translation adjustment 28,969 — (6,464 ) 22,505 Amounts recognized from accumulated other comprehensive income (loss), net of tax — (3,215 ) 3,685 470 Net change in other comprehensive income (loss), net of tax 28,969 2,700 (2,779 ) 28,890 Balance at March 31, 2018 $ (2,371 ) $ 1,619 $ (235,764 ) $ (236,516 ) Currency Translation Adjustment Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax Pension and Post-Retirement Benefit Related Items, Net of Tax Total Balance at December 31, 2016 $ (115,322 ) $ (2,232 ) $ (237,444 ) $ (354,998 ) Other comprehensive income (loss), net of tax: Unrealized gains (losses) cash flow hedging arrangements — 152 — 152 Foreign currency translation adjustment 24,349 — (4,546 ) 19,803 Amounts recognized from accumulated other comprehensive income (loss), net of tax — 211 3,712 3,923 Net change in other comprehensive income (loss), net of tax 24,349 363 (834 ) 23,878 Balance at March 31, 2017 $ (90,973 ) $ (1,869 ) $ (238,278 ) $ (331,120 )
Disclosure of Reclassification Amount [Text Block]	The following table presents amounts recognized from accumulated other comprehensive income (loss) for the three months ended March 31 : 2018 2017 Location of Amounts Recognized in Earnings Effective portion of (gains) losses on cash flow hedging arrangements: Interest rate swap agreements $ 277 $ 344 Interest expense Cross currency swap (3,710 ) — (a) Total before taxes (3,433 ) 344 Provision for taxes (218 ) 133 Provision for taxes Total, net of taxes $ (3,215 ) $ 211 Recognition of defined benefit pension and post-retirement items: Recognition of actuarial (gains) losses, plan amendments and prior service cost, before taxes $ 4,811 $ 5,039 (b) Provision for taxes 1,126 1,327 Provision for taxes Total, net of taxes $ 3,685 $ 3,712
Schedule of Comprehensive Income (Loss) [Table Text Block]	Comprehensive income (loss), net of tax consisted of the following: March 31, March 31, Net earnings $ 93,304 $ 92,466 Other comprehensive income (loss), net of tax 28,890 $ 23,878 Comprehensive income (loss), net of tax $ 122,194 $ 116,344

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Diluted weighted average number of common shares outstanding	In accordance with the treasury stock method, the Company has included the following common equivalent shares in the calculation of diluted weighted average number of common shares outstanding for the three months ended March 31 , relating to outstanding stock options and restricted stock units: 2018 2017 Three months ended 627,324 653,949

Net Periodic Benefit Cost (Tabl

Net Periodic Benefit Cost (Tables)	3 Months Ended
	Mar. 31, 2018
Retirement Benefits [Abstract]
Net periodic benefit cost	Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the three months ended March 31 : U.S. Pension Benefits Non-U.S. Pension Benefits Other U.S. Post-retirement Benefits Total 2018 2017 2018 2017 2018 2017 2018 2017 Service cost, net $ 272 $ 141 $ 3,921 $ 3,988 $ — $ — $ 4,193 $ 4,129 Interest cost on projected benefit obligations 1,061 1,094 2,223 2,052 16 18 3,300 3,164 Expected return on plan assets (1,732 ) (1,684 ) (7,987 ) (7,322 ) — — (9,719 ) (9,006 ) Recognition of prior service cost — — (1,794 ) (1,879 ) (93 ) (195 ) (1,887 ) (2,074 ) Recognition of actuarial losses/(gains) 1,451 1,639 5,560 5,947 (313 ) (473 ) 6,698 7,113 Net periodic pension cost/(credit) $ 1,052 $ 1,190 $ 1,923 $ 2,786 $ (390 ) $ (650 ) $ 2,585 $ 3,326

Restructuring Charges (Tables)

Restructuring Charges (Tables)	3 Months Ended
	Mar. 31, 2018
Restructuring and Related Activities [Abstract]
Company's accrual for restructuring activities	A rollforward of the Company’s accrual for restructuring activities for the three months ended March 31, 2018 is as follows: Total Balance at December 31, 2017 $ 10,620 Restructuring charges 4,413 Cash payments / utilization (5,242 ) Impact of foreign currency 231 Balance at March 31, 2018 $ 10,022

Segment Reporting (Tables)

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Operations of the Company's operating segments	The following tables show the operations of the Company’s reportable segments: Net Sales to Net Sales to For the three months ended External Other Total Net Segment March 31, 2018 Customers Segments Sales Profit Goodwill U.S. Operations $ 229,745 $ 23,666 $ 253,411 $ 34,245 $ 409,471 Swiss Operations 32,466 143,582 176,048 45,975 22,866 Western European Operations 165,372 41,012 206,384 18,282 95,938 Chinese Operations 113,930 60,407 174,337 59,553 722 Other (a) 119,308 1,640 120,948 13,881 15,787 Eliminations and Corporate (b) — (270,307 ) (270,307 ) (32,390 ) — Total $ 660,821 $ — $ 660,821 $ 139,546 $ 544,784 Net Sales to Net Sales to For the three months ended External Other Total Net Segment March 31, 2017 Customers Segments Sales Profit (c) Goodwill U.S. Operations $ 215,353 $ 22,412 $ 237,765 $ 38,822 $ 357,526 Swiss Operations 29,747 127,553 157,300 36,018 21,771 Western European Operations 147,323 42,942 190,265 24,718 83,777 Chinese Operations 90,781 52,932 143,713 44,659 643 Other (a) 111,363 1,597 112,960 13,108 14,935 Eliminations and Corporate (b) — (247,436 ) (247,436 ) (30,792 ) — Total $ 594,567 $ — $ 594,567 $ 126,533 $ 478,652 (a) Other includes reporting units in Southeast Asia, Latin America, Eastern Europe and other countries. (b) Eliminations and Corporate includes the elimination of inter-segment transactions and certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.
Reconciliation of earnings before taxes to segment profit	A reconciliation of earnings before taxes to segment profit for the three months ended March 31 follows: Three Months Ended March 31, 2018 March 31, 2017 Earnings before taxes $ 117,439 $ 113,848 Amortization 11,735 10,045 Interest expense 8,359 7,741 Restructuring charges 4,413 1,432 Other charges (income), net (2,400 ) (6,533 ) Segment profit $ 139,546 $ 126,533

Summary of Significant Accoun32

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Components of inventory
Raw materials and parts	$ 122,851	$ 118,790
Work-in-progress	51,872	43,035
Finished goods	103,595	93,565
Total Inventory, Net	$ 278,318	$ 255,390

Summary of Significant Accoun33

Summary of Significant Accounting Policies (Details 1) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Intangible Assets [Line Items]
Finite and Indefinite-Lived Intangible Assets, Gross, Total	$ 314,492	$ 312,408
Total Accumulated Amortization	(89,765)	(85,690)
Intangible Assets, Net (Excluding Goodwill)	224,727	226,718
Tradename (indefinite life) [Member]
Intangible Assets [Line Items]
Gross amount, Tradename (indefinite life)	35,614	35,562
Intangible Assets, Net (Excluding Goodwill)	35,614	35,562
Customer Relationships [Member]
Intangible Assets [Line Items]
Gross amount	199,197	198,527
Accumulated Amortization	(44,094)	(41,794)
Intangible Assets, Net (Excluding Goodwill)	155,103	156,733
Proven technology and patents [Member]
Intangible Assets [Line Items]
Gross amount	71,370	70,311
Accumulated Amortization	(40,395)	(38,890)
Intangible Assets, Net (Excluding Goodwill)	30,975	31,421
Tradename (indefinite life) [Member]
Intangible Assets [Line Items]
Gross amount	4,650	4,518
Accumulated Amortization	(2,943)	(2,807)
Intangible Assets, Net (Excluding Goodwill)	1,707	1,711
Other Intangible Assets [Member]
Intangible Assets [Line Items]
Gross amount	3,661	3,490
Accumulated Amortization	(2,333)	(2,199)
Intangible Assets, Net (Excluding Goodwill)	$ 1,328	$ 1,291

Summary of Significant Accoun34

Summary of Significant Accounting Policies (Details Textuals) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Summary of Significant Accounting Policies (Textuals) [Abstract]
Amortization expense	$ 3.6	$ 2.5
Future Amortization Expense Current Year	14.1
Aggregate amortization expense for 2019	13.6
Aggregate amortization expense for 2020	13.2
Aggregate amortization expense for 2021	12.6
Aggregate amortization expense for 2022	12.1
Aggregate amortization expense for 2023	11.9
Purchased Intangible Amortization, Gross	3.4	2.3
Purchased intangible amortization, net of tax	2.5	1.5
Amortization expense associated with capitalized software	$ 8.1	7.5
Standard Warranty Period	one
Share - based compensation expense	$ 4.4	3.8
Impact of Adopting ASU 2017-07 ASC 715 Compensation-Retirement Benefits	$ 1.6	$ 0.8

Revenue Recognition (Details)

Revenue Recognition (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)Rate
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 660,821
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	252,279
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	205,840
Total Asia Rest of World [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 202,702
Laboratory Related Products and Services [Member]
Disaggregation of Revenue [Line Items]
Percentage of Disaggregated Revenue in Relationship to Segments | Rate	52.00%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 345,159
Product Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 510,946
Industrial Related Products and Services [Member]
Disaggregation of Revenue [Line Items]
Percentage of Disaggregated Revenue in Relationship to Segments | Rate	40.00%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 262,656
Retail Related Products and Services [Member]
Disaggregation of Revenue [Line Items]
Percentage of Disaggregated Revenue in Relationship to Segments | Rate	8.00%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 53,006
Service Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	118,403
Service Revenue [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	31,472
Us Operations segment Member
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	229,745
Us Operations segment Member | Product Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	172,501
Us Operations segment Member | Service Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	47,619
Us Operations segment Member | Service Revenue [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	9,625
Swiss Operations segment Member
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	32,466
Swiss Operations segment Member | Product Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	25,565
Swiss Operations segment Member | Service Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	4,830
Swiss Operations segment Member | Service Revenue [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,071
Western European Operations Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	165,372
Western European Operations Segment [Member] | Product Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	116,932
Western European Operations Segment [Member] | Service Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	34,590
Western European Operations Segment [Member] | Service Revenue [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	13,850
Chinese Operations Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	113,930
Chinese Operations Segment [Member] | Product Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	104,292
Chinese Operations Segment [Member] | Service Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	7,127
Chinese Operations Segment [Member] | Service Revenue [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,511
Other Operations [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	119,308
Other Operations [Member] | Product Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	91,656
Other Operations [Member] | Service Revenue [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	24,237
Other Operations [Member] | Service Revenue [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 3,415

Revenue Recognition Details 1 (

Revenue Recognition Details 1 (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Rollforward of Customer Pre-payments and Other Deferred Revenue [Line Items]
Cumulative Effect on Retained Earnings, before Tax	$ 0
Unbilled Contracts Receivable	16,000,000
Deferred Revenue and Credits, Current	130,704,000	$ 107,166,000
Customer pre-payments/deferred revenue	151,009,000
Contract with Customer, Liability, Revenue Recognized	(129,796,000)
Temporary Equity, Foreign Currency Translation Adjustments	$ 2,325,000
Revenue, Practical Expedient, Remaining Performance Obligation [true/false]	true
Customer Pre-payments [Member]
Rollforward of Customer Pre-payments and Other Deferred Revenue [Line Items]
Customer Advances and Deposits, Current	$ 58,898,000	56,772,000
Customer pre-payments/deferred revenue	96,878,000
Contract with Customer, Liability, Revenue Recognized	(95,913,000)
Temporary Equity, Foreign Currency Translation Adjustments	1,161,000
Other Deferred Revenue [Member]
Rollforward of Customer Pre-payments and Other Deferred Revenue [Line Items]
Deferred Revenue	71,806,000	$ 50,394,000
Customer pre-payments/deferred revenue	54,131,000
Contract with Customer, Liability, Revenue Recognized	(33,883,000)
Temporary Equity, Foreign Currency Translation Adjustments	$ 1,164,000

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 5,700	$ 1,700
Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	448,100		$ 394,800
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	2,700
Cross Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Line Of Credit Facility Forecasted Borrowing Amount	$ 100,000
Derivative, Fixed Interest Rate	0.01%
Cross Currency Swap [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness	$ 0	0
2.52% $50 Million Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Line Of Credit Facility Forecasted Borrowing Amount	$ 50,000
Derivative, Fixed Interest Rate	2.52%
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness	$ 0	$ 0
2.25% $100 Million Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Line Of Credit Facility Forecasted Borrowing Amount	$ 100,000
Derivative, Fixed Interest Rate	2.25%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets:
Cash Equivalents	$ 10,400	$ 5,600
Fair Value, Measurements, Recurring [Member]
Assets:
Cash Equivalents	10,364	5,616
Interest Rate Cash Flow Hedge Asset at Fair Value	976	0
Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value	1,371	1,912
Total Assets at Fair Value	12,711	7,528
Liabilities:
Interest Rate Cash Flow Hedge Liability at Fair Value	126	1,292
Foreign Currency Cash Flow Hedge Liability at Fair Value	2,043	106
Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value	659	986
Total Liabilities at Fair Value	2,828	2,384
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets:
Cash Equivalents	0	0
Interest Rate Cash Flow Hedge Asset at Fair Value	0	0
Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value	0	0
Total Assets at Fair Value	0	0
Liabilities:
Interest Rate Cash Flow Hedge Liability at Fair Value	0	0
Foreign Currency Cash Flow Hedge Liability at Fair Value	0	0
Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value	0	0
Total Liabilities at Fair Value	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Cash Equivalents	10,364	5,616
Interest Rate Cash Flow Hedge Asset at Fair Value	976	0
Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value	1,371	1,912
Total Assets at Fair Value	12,711	7,528
Liabilities:
Interest Rate Cash Flow Hedge Liability at Fair Value	126	1,292
Foreign Currency Cash Flow Hedge Liability at Fair Value	2,043	106
Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value	659	986
Total Liabilities at Fair Value	2,828	2,384
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Cash Equivalents	0	0
Interest Rate Cash Flow Hedge Asset at Fair Value	0	0
Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value	0	0
Total Assets at Fair Value	0	0
Liabilities:
Interest Rate Cash Flow Hedge Liability at Fair Value	0	0
Foreign Currency Cash Flow Hedge Liability at Fair Value	0	0
Foreign Currency Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value	0	0
Total Liabilities at Fair Value	$ 0	$ 0

Fair Value Measurements (Deta39

Fair Value Measurements (Details Textuals) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Derivative Assets	$ 2,300	$ 1,900
Derivative Liabilities	2,800	2,400
Cash Equivalents	10,400	5,600
Change in Carrying Value Verse Fair Value of Long Term Debt	(400)
Business Combination, Contingent Consideration, Liability	30,900
Fair Value, Measurements, Recurring [Member]
Cash Equivalents	$ 10,364	$ 5,616

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2018Rate	Mar. 31, 2017
Effective Income Tax Rate, Continuing Operations	22.00%	18.78118%
Quarterly Income Tax Rate	20.55109%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
US Federal Corporate Income Tax Rate	21.00%

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Debt Instrument [Line Items]
Senior Notes	$ 503,873
Unamortized Debt Issuance Expense	(1,387)
Debt, Long-term and Short-term, Combined Amount	993,598
Short-term borrowings and current maturities of long-term debt	14,883		$ 19,677
Long-term Debt, Excluding Current Maturities	978,715		$ 960,170
Gain (Loss) on Derivative Used in Net Investment Hedge, Net of Tax	5,500	$ 3,300
3.67 Percent Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	50,000
Debt Instrument, Face Amount	$ 50,000
Debt Instrument, Maturity Date	Dec. 17, 2022
Debt Instrument, Interest Rate, Stated Percentage	3.67%
4.10% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	$ 50,000
Debt Instrument, Face Amount	$ 50,000
Debt Instrument, Maturity Date	Sep. 19, 2023
Debt Instrument, Interest Rate, Stated Percentage	4.10%
3.84% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	$ 125,000
Debt Instrument, Face Amount	$ 125,000
Debt Instrument, Maturity Date	Sep. 19, 2024
Debt Instrument, Interest Rate, Stated Percentage	3.84%
4.24% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	$ 125,000
Debt Instrument, Face Amount	$ 125,000
Debt Instrument, Maturity Date	Jun. 25, 2025
Debt Instrument, Interest Rate, Stated Percentage	4.24%
1.47% EURO Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	$ 155,260
Debt Instrument, Face Amount	$ 125,000
Debt Instrument, Maturity Date	Jun. 17, 2030
Debt Instrument, Interest Rate, Stated Percentage	1.47%
$ 800 Million Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	$ 319,700
Long-term Line of Credit	474,842
Debt Instrument, Face Amount	$ 800,000
Debt Instrument, Interest Rate, Stated Percentage	0.875%
Other Local Arrangements [Member]
Debt Instrument [Line Items]
Other Borrowings	$ 14,883
Swiss Pension Loan [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	0.875%
Loan from Swiss Pension Plan USD Amount	$ 39,600
Swiss Pension Plan Loan in Swiss franc	38,000
Us Dollar Amounts Member
Debt Instrument [Line Items]
Senior Notes	348,962
Unamortized Debt Issuance Expense	(1,038)
Debt, Long-term and Short-term, Combined Amount	749,212
Short-term borrowings and current maturities of long-term debt	16
Long-term Debt, Excluding Current Maturities	749,196
Us Dollar Amounts Member | 3.67 Percent Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	50,000
Us Dollar Amounts Member | 4.10% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	50,000
Us Dollar Amounts Member | 3.84% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	125,000
Us Dollar Amounts Member | 4.24% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	125,000
Us Dollar Amounts Member | 1.47% EURO Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	0
Us Dollar Amounts Member | $ 800 Million Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	400,234
Us Dollar Amounts Member | Other Local Arrangements [Member]
Debt Instrument [Line Items]
Other Borrowings	16
Other Principal Trading Currencies [Member]
Debt Instrument [Line Items]
Senior Notes	154,911
Unamortized Debt Issuance Expense	(349)
Debt, Long-term and Short-term, Combined Amount	244,386
Short-term borrowings and current maturities of long-term debt	14,867
Long-term Debt, Excluding Current Maturities	229,519
Other Principal Trading Currencies [Member] | 3.67 Percent Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	0
Other Principal Trading Currencies [Member] | 4.10% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	0
Other Principal Trading Currencies [Member] | 3.84% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	0
Other Principal Trading Currencies [Member] | 4.24% Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	0
Other Principal Trading Currencies [Member] | 1.47% EURO Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	155,260
Other Principal Trading Currencies [Member] | $ 800 Million Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	74,608
Other Principal Trading Currencies [Member] | Other Local Arrangements [Member]
Debt Instrument [Line Items]
Other Borrowings	$ 14,867

Share Repurchase Program and 42

Share Repurchase Program and Treasury Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Share Repurchase Program and Treasury Stock (Textuals) [Abstract]
Authorized amount under share repurchase program	$ 464,700
Shares Purchased Under Share Repurchase Program	26,900,000
Repurchases of common stock	$ (118,750)		$ (399,997)
Number of shares repurchased	(187,880)	(275,088)
Average price of share repurchased, per share	$ 632.03	$ 454.37
Exercise of stock options and restricted stock units, shares reissued	39,362	76,849

Accumulated Other Comprehensi43

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (236,516)	$ (331,120)	$ (265,406)	$ (354,998)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	5,915	152
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	22,505	19,803
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	470	3,923
Other Comprehensive Income (Loss), Net of Tax	28,890	23,878
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(2,371)	(90,973)	(31,340)	(115,322)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	0	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	28,969	24,349
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0
Other Comprehensive Income (Loss), Net of Tax	28,969	24,349
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	1,619	(1,869)	(1,081)	(2,232)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	5,915	152
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(3,215)	211
Other Comprehensive Income (Loss), Net of Tax	2,700	363
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(235,764)	(238,278)	$ (232,985)	$ (237,444)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	0	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(6,464)	(4,546)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	3,685	3,712
Other Comprehensive Income (Loss), Net of Tax	$ (2,779)	$ (834)

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Income Details 1 (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Accumulated Other Comprehensive Income [Abstract]
Cross Currency Swap interest portion recognized in income	$ (600)
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	277	$ 344
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	(3,710)	0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(3,433)	344
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	(218)	133
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	(3,215)	211
Other Comprehensive (Income) Loss, Defined Benefit Plan, before Tax, after Reclassification Adjustment, Attributable to Parent	4,811	5,039
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax, Attributable to Parent	1,126	1,327
Income Tax Expense (Benefit)	24,135	21,382
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	470	3,923
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	3,685	$ 3,712
Cross Currency Swap Revaluation Portion Recognized in Earnings	$ 3,100

Accumulated Other Comprehensi45

Accumulated Other Comprehensive Income Details 2 (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Net Income (Loss) Attributable to Parent	$ 93,304	$ 92,466	$ 375,972
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	28,890	23,878	$ 89,592
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 122,194	$ 116,344

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Weighted Average Number Diluted Shares Outstanding Adjustment [Abstract]
Weighted Average Number of Shares Outstanding, Diluted, Total	627,324	653,949
Antidilutive Shares Outstanding
Weighted Average Number of Shares Outstanding, Antidilutive, Total	56,224	93,005

Net Periodic Benefit Cost (Deta

Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Service Cost	$ 4,193	$ 4,129
Defined Benefit Plan, Interest Cost	3,300	3,164
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	9,719	9,006
Defined Benefits Plan Net amortization and deferral	1,887	2,074
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	(6,698)	(7,113)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	2,585	3,326
Pension Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	25,900
Pension Plan [Member] | Domestic Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Service Cost	272	141
Defined Benefit Plan, Interest Cost	1,061	1,094
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	1,732	1,684
Defined Benefits Plan Net amortization and deferral	0	0
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	(1,451)	(1,639)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	1,052	1,190
Pension Plan [Member] | Foreign Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Service Cost	3,921	3,988
Defined Benefit Plan, Interest Cost	2,223	2,052
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	7,987	7,322
Defined Benefits Plan Net amortization and deferral	1,794	1,879
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	(5,560)	(5,947)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	1,923	2,786
Other Postretirement Benefits Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Service Cost	0	0
Defined Benefit Plan, Interest Cost	16	18
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	0	0
Defined Benefits Plan Net amortization and deferral	93	195
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	313	473
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	(390)	$ (650)
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	$ 400

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Company's accrual for restructuring activities:-
Beginning Restructuring Accrual Balance, as of December 31, 2015	$ 10,620
Restructuring Charges	4,413	$ 1,432
Restructuring Cash Payments	(5,242)
Impact of foreign currency on restructuring reserve	231
Ending Restructuring Accrual Balance, as of March 31, 2016	$ 10,022

Restructuring Charges Restructu

Restructuring Charges Restructuring Charges (textuals) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Restructuring Charges [Abstract]
Restructuring Charges	$ 4,413	$ 1,432

Other Charges , Net Other Charg

Other Charges , Net Other Charges, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Other Income and Expenses [Abstract]
Impact of Adopting ASU 2017-07 ASC 715 Compensation-Retirement Benefits	$ 1,600	$ 800
Gain (Loss) on Disposition of Property Plant Equipment	$ 0	$ 3,394

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Operations of the Company's operating segments
Net Sales to External Customers	$ 660,821	$ 594,567
Revenue Transactions With Other Operating Segments	0	0
Total net sales	660,821	594,567
Segment Profit	139,546	126,533
Goodwill	544,784	478,652	$ 539,838
Us Operations segment Member
Operations of the Company's operating segments
Net Sales to External Customers	229,745	215,353
Revenue Transactions With Other Operating Segments	23,666	22,412
Total net sales	253,411	237,765
Segment profit	34,245	38,822
Goodwill	409,471	357,526
Swiss Operations segment Member
Operations of the Company's operating segments
Net Sales to External Customers	32,466	29,747
Revenue Transactions With Other Operating Segments	143,582	127,553
Total net sales	176,048	157,300
Segment profit	45,975	36,018
Goodwill	22,866	21,771
Western European Operations [Member]
Operations of the Company's operating segments
Net Sales to External Customers	165,372	147,323
Revenue Transactions With Other Operating Segments	41,012	42,942
Total net sales	206,384	190,265
Segment profit	18,282	24,718
Goodwill	95,938	83,777
Chinese Operations [Member]
Operations of the Company's operating segments
Net Sales to External Customers	113,930	90,781
Revenue Transactions With Other Operating Segments	60,407	52,932
Total net sales	174,337	143,713
Segment profit	59,553	44,659
Goodwill	722	643
Other Operations [Member]
Operations of the Company's operating segments
Net Sales to External Customers	119,308	111,363
Revenue Transactions With Other Operating Segments	1,640	1,597
Total net sales	120,948	112,960
Segment profit	13,881	13,108
Goodwill	15,787	14,935
Intersegment Elimination [Member]
Operations of the Company's operating segments
Net Sales to External Customers	0	0
Revenue Transactions With Other Operating Segments	(270,307)	(247,436)
Total net sales	(270,307)	(247,436)
Segment profit	(32,390)	(30,792)
Goodwill	$ 0	$ 0

Segment Reporting (Details 1)

Segment Reporting (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Reconciliation of earnings before taxes to segment profit
Earnings before taxes	$ 117,439	$ 113,848
Amortization	11,735	10,045
Interest Expense	8,359	7,741
Restructuring Charges	4,413	1,432
Other charges (income), net	(2,400)	(6,533)
Segment Profit Information	$ 139,546	$ 126,533

Segment Reporting (Details Text

Segment Reporting (Details Textuals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting (Textuals) [Abstract]
Restructuring Charges	$ 4,413	$ 1,432
Western European Operations [Member]
Segment Reporting (Textuals) [Abstract]
Restructuring Charges	400
Chinese Operations [Member]
Segment Reporting (Textuals) [Abstract]
Restructuring Charges	100
Other Operations [Member]
Segment Reporting (Textuals) [Abstract]
Restructuring Charges	100
Us Operations segment Member
Segment Reporting (Textuals) [Abstract]
Restructuring Charges	3,600	$ 800
Swiss Operations segment Member
Segment Reporting (Textuals) [Abstract]
Restructuring Charges	$ 400