AptarGroup (ATR) 10-K 27 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 20, 2017	Jun. 30, 2016
Document and Entity Information
Entity Registrant Name	APTARGROUP INC
Entity Central Index Key	896,622
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 5,397,779,755
Entity Common Stock, Shares Outstanding		62,329,609
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Net Sales	$ 2,330,934	$ 2,317,149	$ 2,597,809
Operating Expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	1,498,070	1,502,650	1,755,266
Selling, research & development and administrative	367,562	351,461	383,909
Depreciation and amortization	154,802	138,893	152,218
Total Operating Expenses	2,020,434	1,993,004	2,291,393
Operating Income	310,500	324,145	306,416
Other (Expense) Income:
Interest expense	(35,237)	(34,615)	(21,029)
Interest income	2,643	5,596	4,797
Equity in results of affiliates	(191)	(718)	(1,917)
Miscellaneous, net	2,782	163	(1,966)
Total Other Income (Expense)	(30,003)	(29,574)	(20,115)
Income before Income Taxes	280,497	294,571	286,301
Provision for Income Taxes	74,893	95,276	94,677
Net Income	205,604	199,295	191,624
Net (Income) Loss Attributable to Noncontrolling Interests	(14)	53	34
Net Income Attributable to AptarGroup, Inc.	$ 205,590	$ 199,348	$ 191,658
Net Income Attributable to AptarGroup, Inc. Per Common Share:
Basic (in dollars per share)	$ 3.27	$ 3.19	$ 2.95
Diluted (in dollars per share)	$ 3.17	$ 3.09	$ 2.85
Average number of shares outstanding:
Basic (in shares)	62,804	62,585	65,009
Diluted (in shares)	64,849	64,492	67,292
Dividends per Common Share (in dollars per share)	$ 1.22	$ 1.14

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net Income	$ 205,604	$ 199,295	$ 191,624
Other Comprehensive Income (Loss):
Foreign currency translation adjustments	(53,183)	(163,887)	(192,824)
Changes in treasury locks, net of tax	26	25	24
Defined benefit pension plan, net of tax
Actuarial gain / (loss), net of tax	(7,151)	7,253	(29,842)
Prior service cost, net of tax	(466)	(538)
Amortization of prior service cost included in net income, net of tax	248	168	206
Amortization of net loss included in net income, net of tax	3,144	4,664	2,632
Total defined benefit pension plan, net of tax	(4,225)	11,547	(27,004)
Total other comprehensive income (loss)	(57,382)	(152,315)	(219,804)
Comprehensive Income (Loss)	148,222	46,980	(28,180)
Comprehensive (Income) Loss Attributable to Noncontrolling Interests	6	66	42
Comprehensive Income Attributable to AptarGroup, Inc.	$ 148,228	$ 47,046	$ (28,138)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and equivalents	$ 466,287	$ 489,901
Short-term Investments		29,816
Cash Equivalents and Short-term Investments Total	466,287	519,717
Accounts and notes receivable, less allowance for doubtful accounts of $2,989 in 2016 and $2,710 in 2015	433,127	391,571
Inventories	296,914	294,912
Prepaid and other	73,842	88,794
Total Current Assets	1,270,170	1,294,994
Property, Plant and Equipment:
Buildings and improvements	368,260	343,698
Machinery and equipment	1,938,352	1,866,627
Property, Plant and Equipment, Gross	2,306,612	2,210,325
Less: Accumulated depreciation	(1,545,384)	(1,465,873)
Property, Plant and Equipment, Net	761,228	744,452
Land	23,093	20,931
Total Property, Plant and Equipment	784,321	765,383
Other Assets:
Investments in affiliates	4,241	4,590
Goodwill	407,522	310,240
Intangible assets	94,489	31,529
Miscellaneous	46,042	30,309
Total Other Assets	552,294	376,668
Total Assets	2,606,785	2,437,045
Current Liabilities:
Notes payable	169,213	5,083
Current maturities of long-term obligations, net of unamortized debt issuance costs	4,603	51,884
Accounts payable and accrued liabilities	369,139	354,928
Total Current Liabilities	542,955	411,895
Long-term obligations, net of unamortized debt issuance costs	772,737	760,848
Deferred Liabilities and Other:
Deferred income taxes	16,803	20,486
Retirement and deferred compensation plans	94,545	87,763
Deferred and other non-current liabilities	5,503	6,347
Commitments and contingencies
Total Deferred Liabilities and Other	116,851	114,596
AptarGroup, Inc. stockholders' equity
Common stock, $.01 par value, 199 million shares authorized, 66.0 and 66.7 million shares issued as of December 31, 2016 and 2015, respectively	660	667
Capital in excess of par value	546,682	495,462
Retained earnings	1,197,234	1,185,681
Accumulated other comprehensive (loss)	(319,709)	(262,347)
Less treasury stock at cost, 3.9 and 4.2 million shares as of December 31, 2016 and 2015, respectively	(250,917)	(270,052)
Total AptarGroup, Inc. Stockholders' Equity	1,173,950	1,149,411
Noncontrolling interests in subsidiaries	292	295
Total Stockholders' Equity	1,174,242	1,149,706
Total Liabilities and Stockholders' Equity	$ 2,606,785	$ 2,437,045

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands, shares in Millions	Dec. 31, 2016	Dec. 31, 2015
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts and notes receivable, allowance for doubtful accounts (in dollars)	$ 2,989	$ 2,710
Common stock, par value (in dollars per share)	$ 0.01
Common stock, shares authorized	199
Common stock, shares issued	66	66.7
Treasury stock, shares	3.9	4.2

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands	Retained Earnings	Accumulated Other Comprehensive Income/(Loss)	Common Stock Par Value	Treasury Stock	Capital in Excess of Par Value	Non-Controlling Interest	Total
Balance at Dec. 31, 2013	$ 1,619,419	$ 109,751	$ 853	$ (738,558)	$ 488,292	$ 551	$ 1,480,308
Increase (Decrease) in Stockholders' Equity
Net Income	191,658					(34)	191,624
Foreign currency translation adjustments		(192,816)				(8)	(192,824)
Changes in unrecognized pension gains/losses and related amortization, net of tax		(27,004)					(27,004)
Changes in treasury locks, net of tax		24					24
Stock option exercises & restricted stock vestings			9	2,958	60,410		63,377
Cash dividends declared on common stock	(71,072)						(71,072)
Treasury stock purchased				(290,517)	(50,000)		(340,517)
Balance at Dec. 31, 2014	1,740,005	(110,045)	862	(1,026,117)	498,702	509	1,103,916
Increase (Decrease) in Stockholders' Equity
Net Income	199,348					(53)	199,295
Foreign currency translation adjustments		(163,874)				(13)	(163,887)
Changes in unrecognized pension gains/losses and related amortization, net of tax		11,547					11,547
Changes in treasury locks, net of tax		25					25
Stock option exercises & restricted stock vestings			14	5,447	79,107		84,568
Cash dividends declared on common stock	(71,247)						(71,247)
Treasury stock purchased				(50,000)	50,000
Treasury stock retired	(669,801)		(207)	800,618	(130,610)
Common stock repurchased and retired	(12,624)		(2)		(1,261)		(13,887)
Non controlling interest repurchased					(476)	(148)	(624)
Balance at Dec. 31, 2015	1,185,681	(262,347)	667	(270,052)	495,462	295	1,149,706
Increase (Decrease) in Stockholders' Equity
Net Income	205,590					14	205,604
Foreign currency translation adjustments		(53,163)				(20)	(53,183)
Changes in unrecognized pension gains/losses and related amortization, net of tax		(4,225)					(4,225)
Changes in treasury locks, net of tax		26					26
Stock option exercises & restricted stock vestings			10	19,135	65,198		84,343
Cash dividends declared on common stock	(76,659)						(76,659)
Common stock repurchased and retired	(117,378)		(17)		(13,976)		(131,371)
Non controlling interest addition					(2)	3	1
Balance at Dec. 31, 2016	$ 1,197,234	$ (319,709)	$ 660	$ (250,917)	$ 546,682	$ 292	$ 1,174,242

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash Flows from Operating Activities:
Net income	$ 205,604	$ 199,295	$ 191,624
Adjustments to reconcile net income to net cash provided by operations:
Depreciation	145,485	134,647	146,893
Amortization	9,317	4,246	5,325
Stock based compensation	19,824	20,612	19,749
Provision for (recovery of) doubtful accounts	561	(813)	741
Gain on sale of investment in unconsolidated affiliate	(2,013)
Deferred income taxes	(11,112)	(7,141)	(18,973)
Defined benefit plan expense	16,786	20,685	16,699
Equity in results of affiliates	191	718	1,917
Changes in balance sheet items, excluding effects from foreign currency adjustments:
Accounts receivables	(41,721)	(27,759)	(16,322)
Inventories	(834)	(18,925)	5,205
Prepaid and other current assets	(5,968)	(6,982)	(6,496)
Accounts payable and accrued liabilities	(12,474)	39,330	(24,319)
Income taxes payable	15,056	3,397	(10,949)
Retirement and deferred compensation plan liabilities	(7,486)	(29,576)	(370)
Other changes, net	(4,023)	(7,219)	5,605
Net Cash Provided by Operations	327,193	324,515	316,329
Cash Flows from Investing Activities:
Capital expenditures	(128,986)	(149,323)	(161,940)
Proceeds from sale of property and equipment	1,693	827	5,106
Insurance proceeds	986	3,739
Purchase of short-term investments		(32,769)
Maturity of short-term investments	29,485
Acquisition of business, net of cash acquired	(202,985)
Acquisition of intangible assets	(2,492)		(9)
Proceeds from sale of investment in unconsolidated affiliate	1,204
Notes receivable, net	593	1,296	(2,357)
Net Cash Used by Investing Activities	(300,502)	(176,230)	(159,200)
Cash Flows from Financing Activities:
Proceeds from Notes Payable	163,148		95,816
Repayments of notes payable		(227,362)
Proceeds from long-term obligations	5,963	225,236	253,520
Repayments of long-term obligations	(55,314)	(16,981)	(778)
Dividends paid	(76,659)	(71,247)	(71,072)
Credit facility costs		(1,216)	(720)
Proceeds from stock option exercises	53,453	64,003	36,015
Purchase of treasury stock			(340,517)
Common stock repurchased and retired	(131,371)	(13,887)
Excess tax benefit from exercise of stock options	9,171	8,388	6,998
Net Cash Used by Financing Activities	(31,609)	(33,066)	(20,738)
Effect of Exchange Rate Changes on Cash	(18,696)	(25,080)	(46,490)
Net (Decrease) Increase in Cash and Equivalents	(23,614)	90,139	89,901
Cash and Equivalents at Beginning of Period	489,901	399,762	309,861
Cash and Equivalents at End of Period	466,287	489,901	399,762
Supplemental Cash Flow Disclosure:
Interest paid	36,265	31,664	20,352
Income taxes paid	$ 82,201	$ 79,502	$ 94,578

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The accompanying consolidated financial statements include the accounts of AptarGroup, Inc. and our subsidiaries. The terms “AptarGroup”, “Aptar” or “Company” as used herein refer to AptarGroup, Inc. and our subsidiaries. All significant intercompany accounts and transactions have been eliminated. Certain previously reported amounts have been reclassified to conform to the current period presentation. AptarGroup’s organizational structure consists of three market‑focused lines of business which are Beauty + Home, Pharma and Food + Beverage. This is a strategic structure which allows us to be more closely aligned with our customers and the markets in which they operate. CHANGE IN ACCOUNTING PRINCIPLE During the second quarter of 2015, the Company changed its inventory valuation method for certain operating entities in its North American business to the first-in first-out (FIFO) method from the last-in first-out (LIFO) method. Prior to the change, the Company utilized two methods of inventory costing: LIFO for inventories in these operating entities and FIFO for inventories in other operating entities. The Company believes that the FIFO method is preferable as it better reflects the current value of inventory on the Company's Consolidated Balance Sheet, provides better matching of revenues and expenses, results in uniformity across the Company's global operations with respect to the method of inventory accounting and improves comparability with the Company's peers. The cumulative pre-tax effect of this change is a gain of approximately $7.4 million and was recognized as a decrease to Cost of sales (exclusive of depreciation and amortization). The effect of the change on Net Income Attributable to AptarGroup was approximately $4.8 million, representing approximately $0.08 per diluted share. We have determined that this change is not material to the Company's previously issued financial statements and that the cumulative effect of the change is not material to current operations or to the trend of reported results of operations. Therefore, we conclude it was appropriate to recognize the cumulative effect of the change as an operating item in the current period's Consolidated Statement of Income and not to adopt the change by retrospective application. ACCOUNTING ESTIMATES The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). This process requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. CASH MANAGEMENT The Company considers all investments which are readily convertible to known amounts of cash with an original maturity of three months or less when purchased to be cash equivalents. During 2015, we had short-term investments which reflected funds invested in a time deposit instrument with a two-year maturity. However, during the life of the investment the funds could have been redeemed at any time with a 35-90 day notice. There were no penalties for early redemption. We did not consider this investment a marketable security as there was no active market for this type of product. INVENTORIES Inventories are stated at lower of cost or market. Costs included in inventories are raw materials, direct labor and manufacturing overhead. As discussed above, the Company changed its inventory valuation method for certain operating entities in its North American business to the FIFO method from the LIFO method during the second quarter of 2015 resulting in all entities utilizing the FIFO method at the end of 2015. INVESTMENTS IN AFFILIATED COMPANIES The Company accounts for its investments in 20% to 50% owned affiliated companies using the equity method. There were no dividends received from affiliated companies in 2016, 2015 and 2014. During the fourth quarter of 2016, we sold our investment in an injectable drug delivery device company for a $2.0 million gain. The Company accounts for its investments less than 20% on the cost method. PROPERTY AND DEPRECIATION Properties are stated at cost. Depreciation is determined on a straight‑line basis over the estimated useful lives for financial reporting purposes and accelerated methods for income tax reporting. Generally, the estimated useful lives are 10 to 40 years for buildings and improvements and 3 to 15 years for machinery and equipment. FINITE‑LIVED INTANGIBLE ASSETS Finite‑lived intangibles, consisting of patents, acquired technology, customer relationships and license agreements acquired in purchase transactions, are capitalized and amortized over their useful lives which range from 3 to 20 years. GOODWILL Management believes the excess purchase price over the fair value of the net assets acquired (“goodwill”) in purchase transactions has continuing value. Goodwill is not amortized and must be tested annually, or more frequently as circumstances dictate, for impairment. The annual goodwill impairment test may first consider qualitative factors to determine whether it is more likely than not (i.e., greater than 50 percent chance) that the fair value of a reporting unit is less than its book value. This is sometimes referred to as the “step zero” approach and is an optional step in the annual goodwill impairment analysis. Management performed this qualitative assessment as of December 31, 2015 and 2014 for all four of our reporting units and determined that it was more likely than not that the fair value of goodwill attributed to all four of our reporting units was greater than its carrying amount and therefore no impairment of goodwill was required. In the absence of sufficient qualitative factors, goodwill impairment is determined utilizing a two‑step quantitative process. Due to the passage of time since the last quantitative assessment, management determined it appropriate to calculate the fair value of the reporting units and compare with their associated carry amounts (the “step one” approach) for the year ended December 31, 2016. Based on this quantitive analysis, we determined the fair value of our reporting units are not less than their carrying value and therefore no impairment of goodwill is required. IMPAIRMENT OF LONG‑LIVED ASSETS Long‑lived assets, such as property, plant and equipment and finite‑lived intangibles, are evaluated for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. An impairment loss is recognized when estimated undiscounted future cash flows expected to result from the use of the asset plus net proceeds expected from disposition of the asset (if any) are less than the carrying value of the asset. DERIVATIVES INSTRUMENTS AND HEDGING ACTIVITIES Derivative financial instruments are recorded in the consolidated balance sheets at fair value as either assets or liabilities. Changes in the fair value of derivatives are recorded in each period in earnings or accumulated other comprehensive income, depending on whether a derivative is designated and effective as part of a hedge transaction. RETIREMENT OF TREASURY SHARES During the third quarter of 2015, the Company retired 20 million shares of treasury stock. Common stock was reduced by the number of shares retired at $0.01 par value while treasury stock was reduced by the purchase price of the shares retired. The excess of purchase price over par or stated value may either be charged entirely to retained earnings or allocated between additional paid-in capital and retained earnings. The Company has elected to allocate the excess purchase price over par value between additional paid-in capital and retained earnings. Subsequent to the third quarter of 2015, shares repurchased are immediately retired. RESEARCH & DEVELOPMENT EXPENSES Research and development costs, net of any customer funded research and development or government research and development credits, are expensed as incurred. These costs amounted to $66.2 million, $67.1 million and $76.2 million in 2016, 2015 and 2014, respectively. INCOME TAXES The Company computes taxes on income in accordance with the tax rules and regulations of the many taxing authorities where the income is earned. The income tax rates imposed by these taxing authorities may vary substantially. Taxable income may differ from pretax income for financial accounting purposes. To the extent that these differences create timing differences between the tax basis of an asset or liability and its reported amount in the financial statements, an appropriate provision for deferred income taxes is made. In its determination of which foreign earnings are permanently reinvested in foreign operations, the Company considers numerous factors, including the financial requirements of the U.S. parent company and those of its foreign subsidiaries, the U.S. funding needs for dividend payments and stock repurchases, and the tax consequences of remitting earnings to the U.S. From this analysis, current year repatriation decisions are made in an attempt to provide a proper mix of debt and stockholder capital both within the U.S. and for non‑U.S. operations. The Company’s policy is to permanently reinvest its accumulated foreign earnings and will only make a distribution to the U.S. out of current year earnings in order to meet the cash needs at the parent company. As such, the Company does not provide taxes on earnings that are deemed to be permanently reinvested. The Company has determined its 2016 foreign earnings will not be reinvested, as the Company is planning to repatriate cash to the U.S. in 2017 in excess of the expected 2017 earnings. There are no additional tax amounts to be recorded in connection with the 2017 repatriation. The Company provides a liability for the amount of unrecognized tax benefits from uncertain tax positions. This liability is provided whenever the Company determines that a tax benefit will not meet a more-likely-than-not threshold for recognition. See Note 5 for more information. TRANSLATION OF FOREIGN CURRENCIES The functional currencies of the majority of the Company's foreign operations are the local currencies. Assets and liabilities of the Company’s foreign operations are translated into U.S. dollars at the rates of exchange on the balance sheet date. Sales and expenses are translated at the average rates of exchange prevailing during the year. The related translation adjustments are accumulated in a separate section of Stockholders’ Equity. Realized and unrealized foreign currency transaction gains and losses are reflected in income, as a component of miscellaneous income and expense, and represented losses of $326 thousand, $3.9 million and $37 thousand in 2016, 2015 and 2014, respectively. STOCK BASED COMPENSATION Accounting standards require the application of the non‑substantive vesting approach which means that an award is fully vested when the employee’s retention of the award is no longer contingent on providing subsequent service. Under this approach, compensation costs are recognized over the requisite service period of the award instead of ratably over the vesting period stated in the grant. As such, costs are recognized immediately if the employee is retirement eligible on the date of grant or over the period from the date of grant until retirement eligibility if retirement eligibility is reached before the end of the vesting period stated in the grant. See Note 15 for more information. REVENUE RECOGNITION Product and Tooling Sales. The Company’s policy is to recognize revenue from product sales when the price is fixed and determinable, when the title and risk of loss has transferred to the customer, when the Company has no remaining obligations regarding the transaction and when collection is reasonably assured. The majority of the Company’s products shipped from the U.S. transfers title and risk of loss when the goods leave the Company’s shipping location. The majority of the Company’s products shipped from non‑U.S. operations transfer title and risk of loss when the goods reach their destination. Tooling revenue is also recognized when the title and risk of loss transfers to the customer. Services and Other. The Company invoices customers for certain services. The Company also receives revenue from other sources such as license, exclusivity or royalty agreements. Revenue is recognized when services are rendered or rights to use assets can be reliably measured and when collection is reasonably assured. License, exclusivity and royalty revenues are typically recognized when the contractual terms of each agreement are met. Service and other revenue is not material to the Company’s results of operations for any of the years presented. ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates to the FASB’s Accounting Standards Codification. In November 2015, the FASB issued guidance which simplifies the balance sheet classification of deferred taxes. The new guidance requires that deferred tax liabilities and assets be presented as non-current in a classified statement of financial position. This standard is effective for annual reporting periods beginning after December 15, 2016. The Company has prospectively adopted the requirements of the standard and updated the presentation of our classified statement of financial position accordingly. In May 2015, the FASB issued new guidance on investment disclosures. Investments measured at net asset value (“NAV”), as a practical expedient for fair value, are excluded from the fair value hierarchy. Removing investments measured using the practical expedient from the fair value hierarchy is intended to eliminate the diversity in practice that currently exists with respect to the categorization of these investments. The Company has adopted the standard and updated the presentation of pension plan investment fair value hierarchy tables in the annual financial statements accordingly. In April 2015, the FASB issued new guidance on a customer's accounting for fees paid in a cloud computing arrangement (“CCA”). Previously, there was no specific U.S. GAAP guidance on accounting for such fees from the customer's perspective. Under the new standard, customers will apply the same criteria as vendors to determine whether a CCA contains a software license or is solely a service contract. This standard was effective for annual reporting periods beginning after December 15, 2015. The Company has adopted the requirements of the standard with respect to its current CCAs and has determined that the impact is not material to our current year financial statements. In April 2015, the FASB issued an ASU intended to simplify U.S. GAAP by changing the presentation of debt issuance costs. Under the new standard, debt issuance costs will be presented as a reduction of the carrying amount of the related liability, rather than as an asset. The new treatment is consistent with debt discounts. In August 2015, the FASB issued an ASU clarifying that debt issuance costs related to line of credit arrangements can be classified as an asset and amortized ratably over the term of the line of credit arrangement. These standards were effective for annual reporting periods beginning after December 15, 2015. The Company has implemented these standards within the current financial statements and retrospectively applied the changes to the prior periods as required, which resulted in a $1.7 million reclassification from Intangible Assets to Current Maturities of Long-Term Obligations and Long-Term Obligations in the December 31, 2015 Consolidated Balance Sheet. In August 2014, the FASB issued an ASU which requires the evaluation every reporting period, including interim periods, of whether there is substantial doubt about an entity’s ability to continue as a going concern and provide certain footnote disclosures depending on the results of such evaluation. The standard was effective for the Company in the fourth quarter of 2016. The adoption of the new rules did not have an impact on our current year financial statements. In May 2014, the FASB amended the guidance for recognition of revenue from customer contracts. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in the amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, the FASB decided to defer the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The FASB also decided to allow early adoption of the standard, but not before the original effective date of December 15, 2016. Subsequent to the initial standards, the FASB has also issued several ASUs to clarify specific revenue recognition topics. We are currently evaluating the impact the adoption of this standard will have on our consolidated financial statements. The majority of our revenues are derived from product sales and tooling sales and we are in the process of assessing the impact of the new guidance on these revenue streams. We are also evaluating our license, exclusivity and royalty arrangements, which will need to be reviewed individually to ensure proper accounting under the new standard. Based on our initial reviews, we currently anticipate adopting the full retrospective transition method for implementing this guidance on the standard’s effective date. Other accounting standards that have been issued by the FASB or other standards-setting bodies did not have a material impact on our consolidated financial statements. REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS During the fourth quarter of 2016, the Company determined that certain of our long-term obligations had been incorrectly presented in the financing activities section of the Consolidated Statements of Cash Flows for the year ended December 31, 2015. The standards require that proceeds and repayments of long-term obligations be presented on a gross basis as opposed to a net basis. As the adjustment represent a reclassification between two accounts within the financing activities section of the Consolidated Statements of Cash Flows, the Consolidated Statements of Income and the Consolidated Balance Sheets are not impacted by this change. The revision, which the Company has determined is not material but was significant enough to revise, had no impact on the consolidated results of operations. Following is a summary of the previously reported financial statement line items impacted by this revision of all periods and statements included in this report: As Previously Reported Adjustment As Revised Revised Consolidated Statements of Cash Flows Year Ended December 31, 2015 Proceeds from long-term obligations $ $ $ Repayments of long-term obligations Net Cash Used by Financing Activities —

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2016
INVENTORIES
INVENTORIES	NOTE 2 INVENTORIES Inventories, by component, consisted of: Raw materials $ $ Work in process Finished goods Total $ $

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	N OTE 3 GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill for the year ended December 31, 2016 are as follows by reporting segment: Beauty + Food + Corporate Home Pharma Beverage & Other Total Balance as of December 31, 2014 Goodwill $ $ $ $ $ Accumulated impairment losses — — — $ $ $ $ — $ Foreign currency exchange effects — Balance as of December 31, 2015 Goodwill $ $ $ $ $ Accumulated impairment losses — — — $ $ $ $ — $ Acquisition — — Foreign currency exchange effects — Balance as of December 31, 2016 Goodwill $ $ $ $ $ Accumulated impairment losses — — — $ $ $ $ — $ The Company has completed the annual impairment analysis of its reporting units as of December 31, 2016 using both a discounted cash flow analysis and market multiple approach. Based on our review of macroeconomic, industry, and market events and circumstances as well as the overall financial performance of the reporting units, we determined that the fair value of goodwill was greater than its carrying amount for all four reporting units. Therefore, no impairment of goodwill has been recorded. The table below shows a summary of intangible assets for the years ended December 31, 2016 and 2015. 2016 2015 Weighted Average Gross Gross Amortization Period Carrying Accumulated Net Carrying Accumulated Net (Years) Amount Amortization Value Amount Amortization Value Amortized intangible assets: Patents $ $ $ $ $ $ Acquired technology Customer relationships License agreements and other Total intangible assets $ $ $ $ $ $ Aggregate amortization expense for the intangible assets above for the years ended December 31, 2016, 2015 and 2014 was $9,317, $4,246 and $5,325, respectively. Estimated amortization expense for the years ending December 31 is as follows: 2017 $ 2018 2019 2020 2021 and thereafter Future amortization expense may fluctuate depending on changes in foreign currency rates. The estimates for amortization expense noted above are based upon foreign exchange rates as of December 31, 2016.

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2016
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES.
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	NOTE 4 ACCOUNTS PAYABLE AND ACCRUED LIABILITIES At December 31, 2016 and 2015, accounts payable and accrued liabilities consisted of the following: Accounts payable, principally trade $ $ Accrued employee compensation costs Customer deposits and other unearned income Other accrued liabilities Total $ $

INCOME TAX UNCERTAINTIES

INCOME TAX UNCERTAINTIES	12 Months Ended
	Dec. 31, 2016
INCOME TAX UNCERTAINTIES
INCOME TAX UNCERTAINTIES	NOTE 5 INCOME TAXES Income before income taxes consists of: Years Ended December 31, United States $ $ $ International Total $ $ $ The provision (benefit) for income taxes is comprised of: Years Ended December 31, Current: U.S. Federal $ $ $ State/Local International $ $ $ Deferred: U.S. Federal/State $ $ $ International $ $ $ Total $ $ $ The difference between the actual income tax provision and the tax provision computed by applying the statutory federal income tax rate of 35.0% in 2016, 2015 and 2014 to income before income taxes is as follows: Years Ended December 31, Income tax at statutory rate $ $ $ State income (benefits) taxes, net of federal (tax) benefit Investment incentives — Tax resolutions — Provision for distribution of current foreign earnings Rate differential on earnings of foreign operations Other items, net Actual income tax provision $ $ $ Effective income tax rate % % % The state income tax provision for 2016 reflects a benefit of $1.6 million related to the reduction of valuation allowances mostly associated with U.S. state tax credits. The tax provision for 2016 also reflects benefits of $6.4 million associated with the exceptional depreciation allowances enacted in France and Italy. The $7.2 million related to tax resolutions includes an amount of $5.0 million related to dividends previously taxed in France. The remaining $2.2 million is a net amount related to uncertain tax positions in France, Italy and Germany. The $3.5 million charge pertaining to the distribution of earnings reflects $2.1 million of tax incurred in 2016 for income recognized under the U.S. deemed dividend provisions and $1.4 million for cash movements in Europe during 2016. The rate differential on earnings of foreign operations reflects a $4.7 million benefit due to the reduction in the corporate income tax rate in France from 38.00% to 34.43%. In addition, the rate differential on earnings of foreign operations reflects benefits of$2.0 million, $2.2 million, and $2.2 million due to reductions in the corporate income tax rates in Germany, Switzerland, and China, respectively. The tax provision for 2015 reflects a benefit of $1.1 million related to the reduction of valuation allowances mostly associated with U.S. state tax credits. Additional benefits of $3.1 million associated with the exceptional depreciation allowances enacted in France during 2015 were partially offset by a $2.4 million charge for expected income tax assessments in France for a transfer pricing issue. While the Company expects to seek compensating offsets for this amount, no receivable has been recorded at this time. The $2.0 million charge pertaining to the distribution of earnings reflects $1.6 million of tax incurred in 2015 for income recognized under the U.S. deemed dividend provisions and $0.4 million for planned cash movements in Europe during 2016. In 2014, we did not repatriate foreign earnings to the U.S., resulting in a reduced tax rate. Significant deferred tax assets and liabilities as of December 31, 2016 and 2015 are comprised of the following temporary differences: Deferred Tax Assets: Pension liabilities $ $ Stock compensation Foreign tax credit carryforward Net operating loss carryforwards U.S. state tax credits Vacation Workers compensation Other Total gross deferred tax assets Less valuation allowance Net deferred tax assets Deferred Tax Liabilities: Depreciation, amortization and leases Acquisition related intangibles Total gross deferred tax liabilities Net deferred tax assets $ $ The foreign tax credit carryforward will expire in the years 2023, 2024 and 2026. There is no expiration date on $4.7 million of the tax‑effected net operating loss carry forwards and $0.4 million (tax effected) will expire in the years 2019 to 2034. The U.S. state tax credit carryforwards of $8.1 million (tax effected) will expire in the years 2018 to 2031. No state tax credit carryforwards are expected to expire unused in 2017. The Company evaluates the deferred tax assets and records a valuation allowance when it is believed it is more likely than not that the benefit will not be realized. The Company has established a valuation allowance of $2.2 million of the $5.2 million of tax effected net operating loss carry forwards. These losses are generally in start‑up jurisdictions or locations that have not produced an operating profit to date. A valuation allowance of $1.4 million has been established against the $8.1 million of U.S. state tax credit carry forwards. A valuation allowance of $0.5 million has been established related to other future tax deductions in non‑U.S. jurisdictions, the benefit of which management believes will not be realized. As of December 31, 2016, the Company had $1.5 billion of unremitted earnings from non‑U.S. subsidiaries. We are planning to repatriate a total of $0.3 billion of unremitted earnings in 2017. The remaining $1.2 billion of unremitted earnings have been designated as permanently reinvested. The Company has not made a provision for U.S. or additional foreign taxes on the amount of unremitted earnings. However, we estimate the amount of additional tax that might be payable on these earnings to be in the range of $50 million to $60 million. These earnings will continue to be reinvested indefinitely and could become subject to the additional tax if they were remitted as dividends or lent to a U.S. affiliate, or if the Company should sell its stock in the subsidiaries. No provision for U.S. or additional foreign taxes has been made with respect to the planned remittance of the $0.3 billion to the U.S. in 2017, as no additional tax amounts are expected to be incurred on this repatriation under existing U.S. tax law. The Company has not provided for taxes on certain tax‑deferred income of a foreign operation. The income arose predominately from government grants. Taxes of approximately $1.6 million would become payable in the event the terms of the grant are not fulfilled. INCOME TAX UNCERTAINTIES The Company provides a liability for the amount of tax benefits realized from uncertain tax positions. A reconciliation of the beginning and ending amount of income tax uncertainties is as follows: Balance at January 1 $ $ $ Increases based on tax positions for the current year Increases based on tax positions of prior years Decreases based on tax positions of prior years Settlements Lapse of statute of limitations Balance at December 31 $ $ $ The amount of income tax uncertainties that, if recognized, would impact the effective tax rate is close to $6.4 million. The Company estimates that it is reasonably possible that the liability for uncertain tax positions will decrease no more than $4.6 million in the next twelve months from the resolution of various uncertain positions as a result of the completion of tax audits, litigation and the expiration of the statute of limitations in various jurisdictions. The Company recognizes interest and penalties accrued related to unrecognized tax benefits as a component of income taxes. As of December 31, 2016, 2015 and 2014, the Company had approximately $1.5 million, $1.1 million and $0.7 million, respectively, accrued for the payment of interest and penalties, of which approximately $0.4 million, $0.4 million and ($0.2) million was recognized in income tax expense in the years ended December 31, 2016, 2015 and 2014, respectively. The Company or its subsidiaries file income tax returns in the U.S. Federal jurisdiction and various state and foreign jurisdictions. The major tax jurisdictions the Company files in, with the years still subject to income tax examinations, are listed below: Tax Years Major Tax Subject to Jurisdiction Examination United States — Federal 2013-2016 United States — State 2009-2016 France 2013-2016 Germany 2013-2016 Italy 2012-2016 China 2007-2016

DEBT

DEBT	12 Months Ended
	Dec. 31, 2016
DEBT
DEBT	NOTE 6 DEBT The Company maintains certain short-term notes payable, including a revolving credit facility. These short-term notes payable are reported as notes payable in the current liabilities section of the Consolidated Balance Sheets. Average borrowings under these short-term notes payable were $90.9 million and $42.7 million for 2016 and 2015, respectively. The average annual interest rate on short‑term notes payable was approximately 2.2% for 2016 and 6.8% for 2015. The lower average annual interest rate in 2016 is due to increased borrowings on our U.S. revolving credit facility, mainly to fund our acquisition of Mega Airless and to fund share repurchases. Our credit facility has a lower interest rate than our short-term borrowings in other countries. There are no compensating balance requirements associated with short‑term borrowings. Each borrowing under the credit facility will bear interest at rates based on LIBOR, prime rates or other similar rates, in each case plus an applicable margin. A facility fee on the total amount of the facility is also payable quarterly, regardless of usage. The applicable margins for borrowings under the credit facility and the facility fee percentage may change from time to time depending on changes in AptarGroup’s consolidated leverage ratio. The outstanding balance under the credit facility was $166.0 million and $0 million at December 31, 2016 and 2015, respectively. We incurred approximately $2.0 million and $0.9 million in interest and fees related to this credit facility during 2016 and 2015, respectively. The revolving credit and the senior unsecured debt agreements contain covenants, with which the Company is in compliance, that include certain financial tests. The Company also maintains long-term notes obligations, including private placement facilities. In December 2014, we executed a $475 million private placement to take advantage of low long-term interest rates. At that time, we closed on $250 million of the private placement to fund our accelerated share repurchase ("ASR") program (see Note 13). This closing consisted of two maturity tranches, with $125 million of 9 year notes at an interest rate of 3.49% and $125 million of 11 year notes at an interest rate of 3.61%. We closed on the remaining $225 million of the private placement in February 2015, consisting of $100 million of 9 year notes at an interest rate of 3.49% and $125 million of 11 year notes at an interest rate of 3.61%. The proceeds from this closing were used to pay down the existing revolving line of credit. At December 31, 2016, the Company’s long‑term obligations consisted of the following: Unamortized Debt Issuance Principal Costs Net Notes payable 0.61% – 16.00%, due in monthly and annual installments through 2025 $ $ — $ Senior unsecured notes 6.0%, due in 2018 Senior unsecured notes 3.8%, due in 2020 Senior unsecured notes 3.2%, due in 2022 Senior unsecured notes 3.5%, due in 2023 Senior unsecured notes 3.4%, due in 2024 Senior unsecured notes 3.5%, due in 2024 Senior unsecured notes 3.6%, due in 2025 Senior unsecured notes 3.6%, due in 2026 Capital lease obligations — $ $ $ Current maturities of long-term obligations — Total long-term obligations $ $ $ At December 31, 2015, the Company’s long-term obligations consisted of the following: Unamortized Debt Issuance Principal Costs Net Notes payable 0.61% – 14.50%, due in monthly and annual installments through 2025 $ $ — $ Senior unsecured notes 6.0%, due in 2016 Senior unsecured notes 6.0%, due in 2018 Senior unsecured notes 3.8%, due in 2020 Senior unsecured notes 3.2%, due in 2022 Senior unsecured notes 3.5%, due in 2023 Senior unsecured notes 3.4%, due in 2024 Senior unsecured notes 3.5%, due in 2024 Senior unsecured notes 3.6%, due in 2025 Senior unsecured notes 3.6%, due in 2026 Capital lease obligations — $ $ $ Current maturities of long-term obligations Total long-term obligations $ $ $ For 2016, the aggregate long‑term maturities, excluding capital lease obligations, which is discussed in Note 7, due annually for the five years beginning in 2017 are $3,800, $78,443, $5,338, $85,703, $1,704 and $602,259 thereafter.

LEASE COMMITMENTS

LEASE COMMITMENTS	12 Months Ended
	Dec. 31, 2016
LEASE COMMITMENTS
LEASE COMMITMENTS	NOTE 7 LEASE COMMITMENTS The Company leases certain warehouse, plant, and office facilities as well as certain equipment under noncancelable operating and capital leases expiring at various dates through the year 2027. Most of the operating leases contain renewal options and certain leases include options to purchase during or at the end of the lease term. Amortization expense related to capital leases is included in depreciation expense. Rent expense under operating leases (including taxes, insurance and maintenance when included in the rent) amounted to $27,360, $26,583 and $30,813 in 2016, 2015 and 2014, respectively. Assets recorded under capital leases consist of: Buildings $ $ Machinery and equipment $ $ Accumulated depreciation $ $ Future minimum payments, by year and in the aggregate, under the capital leases and noncancelable operating leases with initial or remaining terms of one year or more consisted of the following at December 31, 2016: Capital Operating Leases Leases 2017 $ $ 2018 2019 2020 2021 — Subsequent to 2021 — Total minimum lease payments $ Amounts representing interest Present value of future minimum lease payments Lease amount due in one year Total $

RETIREMENT AND DEFERRED COMPENS

RETIREMENT AND DEFERRED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2016
RETIREMENT AND DEFERRED COMPENSATION PLANS
RETIREMENT AND DEFERRED COMPENSATION PLANS	NOTE 8 RETIREMENT AND DEFERRED COMPENSATION PLANS The Company has various noncontributory retirement plans covering certain of its domestic and foreign employees. Benefits under the Company’s retirement plans are based on participants’ years of service and annual compensation as defined by each plan. Annual cash contributions to fund pension costs accrued under the Company’s domestic plans are generally at least equal to the minimum funding amounts required by the Employee Retirement Income Security Act of 1974, as amended (ERISA). Certain pension commitments under its foreign plans are also funded according to local requirements or at the Company’s discretion. The following table presents the changes in the benefit obligations and plan assets for the most recent two years for the Company’s domestic and foreign plans. Domestic Plans Foreign Plans Change in benefit obligation: Benefit obligation at beginning of year $ $ $ $ Service cost Interest cost Curtailment/Settlement — — — Prior service cost — — Actuarial loss (gain) Benefits paid Foreign currency translation adjustment — — Benefit obligation at end of year $ $ $ $ Domestic Plans Foreign Plans Change in plan assets: Fair value of plan assets at beginning of year $ $ $ $ Actual return on plan assets Employer contribution Benefits paid Foreign currency translation adjustment — — Fair value of plan assets at end of year $ $ $ $ Funded status at end of year $ $ $ $ The following table presents the funded status amounts recognized in the Company’s Consolidated Balance Sheets as of December 31, 2016 and 2015. Domestic Plans Foreign Plans Current liabilities $ $ $ — $ — Non-current liabilities $ $ $ $ The following table presents the amounts not recognized as components of periodic benefit cost that are recognized in accumulated other comprehensive loss as of December 31, 2016 and 2015. Domestic Plans Foreign Plans Net actuarial loss $ $ $ $ Net prior service cost — — Tax effects $ $ $ $ Changes in benefit obligations and plan assets recognized in other comprehensive income in 2016, 2015 and 2014 are as follows: Domestic Plans Current year actuarial (loss) gain $ $ $ Amortization of net loss $ $ $ Foreign Plans Current year actuarial (loss) gain $ $ $ Current year prior service cost — Amortization of net loss Amortization of prior service cost $ $ $ The following table presents the amounts in accumulated other comprehensive loss as of December 31, 2016 expected to be recognized as components of periodic benefit cost in 2017. Domestic Plans Foreign Plans Amortization of net loss $ $ Amortization of prior service cost — $ $ Components of net periodic benefit cost: Domestic Plans Service cost $ $ $ Interest cost Expected return on plan assets Amortization of net loss Net periodic benefit cost $ $ $ Foreign Plans Service cost $ $ $ Interest cost Expected return on plan assets Amortization of net loss Amortization of prior service cost Net periodic benefit cost $ $ $ Settlement — — Total Net periodic benefit cost $ $ $ The accumulated benefit obligation (“ABO”) for the Company’s domestic defined benefit pension plans was $159.4 million and $145.5 million at December 31, 2016 and 2015, respectively. The accumulated benefit obligation for the Company’s foreign defined benefit pension plans was $71.6 million and $65.5 million at December 31, 2016 and 2015, respectively. The following table provides the projected benefit obligation (“PBO”), ABO, and fair value of plan assets for all pension plans with an ABO in excess of plan assets as of December 31, 2016 and 2015. Domestic Plans Foreign Plans Projected benefit obligation $ $ $ $ Accumulated benefit obligation Fair value of plan assets The following table provides the PBO, ABO, and fair value of plan assets for all pension plans with a PBO in excess of plan assets as of December 31, 2016 and 2015. Domestic Plans Foreign Plans Projected benefit obligation $ $ $ $ Accumulated benefit obligation Fair value of plan assets Assumptions: Domestic Plans Foreign Plans Weighted-average assumptions used to determine benefit obligations at December 31: Discount rate % % % % % % Rate of compensation increase % % % % % % Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31: Discount rate % % % % % % Expected long-term return on plan assets % % % % % % Rate of compensation increase % % % % % % The Company develops the expected long‑term rate of return assumptions based on historical experience and by evaluating input from the plans’ asset managers, including the managers’ review of asset class return expectations and benchmarks, economic indicators and long‑term inflation assumptions. In order to determine the 2017 net periodic benefit cost, the Company expects to use the December 31, 2016 discount rates, December 31, 2016 rates of compensation increase assumptions and the same assumed long‑term returns on domestic and foreign plan assets used for the 2016 net periodic benefit cost. The Company’s domestic and foreign pension plan weighted‑average asset allocations at December 31, 2016 and 2015 by asset category are as follows: Plan Assets: Domestic Plans Assets Foreign Plans Assets at December 31, at December 31, Equity securities % % % % Fixed income securities % % % % Corporate debt securities — — % % Infrastructure % % — — Hedge funds % % — — Money market % % % % Investment Funds — — % % Real estate % — — — Total % % % % The Company’s investment strategy for its domestic and foreign pension plans is to maximize the long‑term rate of return on plan assets within an acceptable level of risk. The investment policy strives to have assets sufficiently diversified so that adverse or unexpected results from one security type will not have an unduly detrimental impact on the entire portfolio and accordingly, establishes a target allocation for each asset category within the portfolio. The domestic plan asset allocation is reviewed on a quarterly basis and the foreign plan asset allocation is reviewed annually. Rebalancing occurs as needed to comply with the investment strategy. The domestic plan target allocation for 2017 is 60% equity securities and 40% fixed income securities and infrastructure. The foreign plan target allocation for 2017 is 100% investment funds. Authoritative guidelines require the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: · Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities. · Level 2: Observable inputs other than those included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. · Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. Domestic Fair Value Measurement Foreign Fair Value Measurement at December 31, 2016 at December 31, 2016 (In Thousands $) Total (Level 1) (Level 2) (Level 3) Total (Level 1) (Level 2) (Level 3) Cash and Short-term Securities (a) $ $ $ — $ — $ $ $ — $ — USD — — — — — — — EUR — — — — — — — Equity Securities (a) $ $ — — $ $ — — US Large Cap Equities — — — — — — — US Small Cap Equities — — — — — — — International Equities — — — — — — Fixed Income (a&b) $ $ — — $ $ — — Corporate debts securities — — — — $ $ — — Euro Corporate Bonds (a) — — — — — — — Investment Funds — — — — $ $ $ — Mutual Funds in Equities (a) — — — — — — — Mutual Funds in Bonds (a) — — — — — — — Mutual Funds Diversified (a&b) — — — — — — Total Investments in Fair Value Hierarchy $ $ $ — $ — $ $ $ $ — Investments at Net Asset Value per Share — — — — — — — Total Investments $ $ $ — $ — $ $ $ $ — Domestic Fair Value Measurement Foreign Fair Value Measurement at December 31, 2015 at December 31, 2015 (In Thousands $) Total (Level 1) (Level 2) (Level 3) Total (Level 1) (Level 2) (Level 3) Cash and Short-term Securities (a) $ $ $ — $ — $ $ $ — $ — USD — — — — — — — EUR — — — — — — — Equity Securities (a) $ $ — — $ $ — — US Large Cap Equities — — — — — — — US Small Cap Equities — — — — — — — International Equities — — — — — — Fixed Income (a&b) $ $ — — $ $ — — Corporate debts securities — — — — $ $ — — Euro Corporate Bonds (a) — — — — — — — Investment Funds — — — — $ $ $ — Mutual Funds in Equities (a) — — — — — — — Mutual Funds in Bonds (a) — — — — — — — Mutual Funds Diversified (a&b) — — — — — — Total Investments in Fair Value Hierarchy $ $ $ — $ — $ $ $ $ — Investments at Net Asset Value per Share — — — — — — — Total Investments $ $ $ — $ — $ $ $ $ — (a) Based on third party quotation from financial institution. (b) Based on observable market transactions. CONTRIBUTIONS Annual cash contributions to fund pension costs accrued under the Company’s domestic plans are generally at least equal to the minimum funding amounts required by ERISA. The Company contributed $10.1 million to its domestic defined benefit plans in 2016 and although the Company has no minimum funding requirement, we plan to contribute approximately $10.3 million in 2017. Contributions to fund pension costs accrued under the Company’s foreign plans are made in accordance with local laws or at the Company’s discretion. The Company contributed approximately $5.2 million to its foreign defined benefit plan in 2016 and expects to contribute approximately $2.5 million in 2017. ESTIMATED FUTURE BENEFIT PAYMENTS As of December 31, 2016, the Company expects the plans to make the following estimated benefit payments relating to its defined benefit plans over the next ten years: Domestic Plans Foreign Plans 2017 $ $ 2018 2019 2020 2021 2022 - 2026 OTHER PLANS The Company has a non‑qualified supplemental pension plan for domestic employees which provides for pension amounts that would have been payable from the Company’s principal domestic pension plan if it were not for limitations imposed by income tax regulations. The liability for this plan, which is not funded, was $9.6 million and $8.4 million at December 31, 2016 and 2015, respectively. This amount is included in the liability for domestic plans shown above. The Company has a defined contribution 401(k) employee savings plan available to substantially all domestic employees. Company matching contributions are made in cash up to a maximum of 3% of the participating employee’s salary subject to income tax regulations. For each of the years ended December 31, 2016, 2015 and 2014, total contributions made by the Company to these plans were approximately $3.1 million, $3.0 million and $2.8 million, respectively. The Company has several foreign defined contribution plans, which require the Company to contribute a percentage of the participating employee’s salary according to local regulations. For each of the years ended December 31, 2016, 2015 and 2014, total contributions made by the Company to these plans were approximately $1.9 million, $2.1 million and $2.3 million, respectively. The Company has no additional postretirement or postemployment benefit plans.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)	12 Months Ended
	Dec. 31, 2016
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)	NOTE 9 ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) Changes in Accumulated Other Comprehensive Income by Component: Foreign Defined Benefit Currency Pension Plans Other Total Balance - December 31, 2013 $ $ $ $ Other comprehensive loss before reclassifications — Amounts reclassified from accumulated other comprehensive (loss) income Net current-period other comprehensive (loss) income Balance - December 31, 2014 $ $ $ $ Other comprehensive (loss) income before reclassifications — Amounts reclassified from accumulated other comprehensive income — Net current-period other comprehensive (loss) income Balance - December 31, 2015 $ $ $ $ Other comprehensive loss before reclassifications — Amounts reclassified from accumulated other comprehensive (loss) income Net current-period other comprehensive (loss) income Balance - December 31, 2016 $ $ $ $ Reclassifications Out of Accumulated Other Comprehensive Income: Amount Reclassified from Details about Accumulated Other Accumulated Other Affected Line in the Statement Comprehensive Income Components Comprehensive Income Where Net Income is Presented Years Ended December 31, Defined Benefit Pension Plans Amortization of net loss $ $ $ (a) Amortization of prior service cost (a) Total before tax Tax benefit $ $ $ Net of tax Foreign Currency Foreign currency gain $ $ — $ Miscellaneous, net — Total before tax — — — Tax benefit $ $ — $ Net of tax Other Changes in treasury locks $ $ $ Interest Expense Total before tax Tax benefit $ $ $ Net of tax Total reclassifications for the period $ $ $ (a) These accumulated other comprehensive income components are included in the computation of total net periodic benefit costs, net of tax (see Note 8 - Retirement and Deferred Compensation Plans for additional details).

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2016
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	NOTE 10 DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The Company maintains a foreign exchange risk management policy designed to establish a framework to protect the value of the Company’s non‑functional denominated transactions from adverse changes in exchange rates. Sales of the Company’s products can be denominated in a currency different from the currency in which the related costs to produce the product are denominated. Changes in exchange rates on such inter‑country sales or intercompany loans can impact the Company’s results of operations. The Company’s policy is not to engage in speculative foreign currency hedging activities, but to minimize its net foreign currency transaction exposure defined as firm commitments and transactions recorded and denominated in currencies other than the functional currency. The Company may use foreign currency forward exchange contracts, options and cross currency swaps to economically hedge these risks. For derivative instruments designated as hedges, the Company formally documents the nature and relationships between the hedging instruments and the hedged items, as well as the risk management objectives, strategies for undertaking the various hedge transactions, and the method of assessing hedge effectiveness. Additionally, in order to designate any derivative instrument as a hedge of an anticipated transaction, the significant characteristics and expected terms of any anticipated transaction must be specifically identified, and it must be probable that the anticipated transaction will occur. HEDGE OF NET INVESTMENTS IN FOREIGN OPERATIONS A significant number of the Company’s operations are located outside of the United States. Because of this, movements in exchange rates may have a significant impact on the translation of the financial condition and results of operations of the Company’s foreign entities. A strengthening U.S. dollar relative to foreign currencies has a dilutive translation effect on the Company’s financial condition and results of operations. Conversely, a weakening U.S. dollar has an additive effect. The Company in some cases maintains debt in these subsidiaries to offset the net asset exposure. The Company does not otherwise actively manage this risk using derivative financial instruments. In the event the Company plans on a full or partial liquidation of any of its foreign subsidiaries where the Company’s net investment is likely to be monetized, the Company will consider hedging the currency exposure associated with such a transaction. OTHER As of December 31, 2016, the Company has recorded the fair value of foreign currency forward exchange contracts of $1.6 million in prepayments, and $2.9 million in accounts payable in the balance sheet. All forward exchange contracts outstanding as of December 31, 2016 had an aggregate contract amount of $112.6 million. Fair Value of Derivative Instruments in the Consolidated Balance Sheets as of December 31, 2016 and December 31, 2015 Derivative Contracts Not Designated December 31, December 31, as Hedging Instruments Balance Sheet Location Derivative Assets Foreign Exchange Contracts Prepayments and other $ $ Foreign Exchange Contracts Miscellaneous other assets — $ $ Derivative Liabilities Foreign Exchange Contracts Accounts payable and accrued liabilities $ $ Foreign Exchange Contracts Deferred and other non-current liabilities — $ $ The Effect of Derivative Instruments on the Consolidated Statements of Income Amount of (Loss) Gain Derivatives Not Designated Location of (Loss) Gain Recognized Recognized in Income as Hedging Instruments in Income on Derivatives on Derivatives Foreign Exchange Contracts Other (Expense) Income: Miscellaneous, net $ $ $ $ Gross Amounts not Offset Net Amounts in the Statement of Gross Amounts Presented in Financial Position Gross Offset in the the Statement of Financial Cash Collateral Net Amount Financial Position Financial Position Instruments Received Amount Description December 31, 2016 Derivative Assets $ — $ — — $ Total Assets $ — $ — — $ Derivative Liabilities $ — $ — — $ Total Liabilities $ — $ — — $ December 31, 2015 Derivative Assets $ — $ — — $ Total Assets $ — $ — — $ Derivative Liabilities $ — $ — — $ Total Liabilities $ — $ — — $

FAIR VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2016
FAIR VALUE
FAIR VALUE	NOTE 11 FAIR VALUE Authoritative guidelines require the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: · Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities. · Level 2: Observable inputs other than those included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. · Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. As of December 31, 2016, the fair values of our financial assets and liabilities were categorized as follows: Total Level 1 Level 2 Level 3 Assets Forward exchange contracts (1) $ $ — $ $ — Total assets at fair value $ $ — $ $ — Liabilities Forward exchange contracts (1) $ $ — $ $ — Total liabilities at fair value $ $ — $ $ — As of December 31, 2015, the fair values of our financial assets and liabilities were categorized as follows: Total Level 1 Level 2 Level 3 Assets Forward exchange contracts (1) $ $ — $ $ — Total assets at fair value $ $ — $ $ — Liabilities Forward exchange contracts (1) $ $ — $ $ — Total liabilities at fair value $ $ — $ $ — (1) Market approach valuation technique based on observable market transactions of spot and forward rates. The carrying amounts of the Company’s other current financial instruments such as cash and equivalents, notes payable and current maturities of long‑term obligations approximate fair value due to the short‑term maturity of the instrument. The Company considers its long‑term obligations a Level 2 liability and utilizes the market approach valuation technique based on interest rates that are currently available to the Company for issuance of debt with similar terms and maturities. The estimated fair value of the Company’s long‑term obligations was $739 million as of December 31, 2016 and $760 million as of December 31, 2015.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2016
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 12 COMMITMENTS AND CONTINGENCIES The Company, in the normal course of business, is subject to a number of lawsuits and claims both actual and potential in nature. While management believes the resolution of these claims and lawsuits will not have a material adverse effect on the Company’s financial position or results of operations or cash flows, claims and legal proceedings are subject to inherent uncertainties, and unfavorable outcomes could occur that could include amounts in excess of any accruals which management has established. Were such unfavorable final outcomes to occur, it is possible that they could have a material adverse effect on our financial position, results of operations and cash flows. Under our Certificate of Incorporation, the Company has agreed to indemnify our officers and directors for certain events or occurrences while the officer or director is, or was, serving at our request in such capacity. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company has a directors and officers liability insurance policy that covers a portion of our exposure. As a result of our insurance policy coverage, the Company believes the estimated fair value of these indemnification agreements is minimal. The Company has no liabilities recorded for these agreements as of December 31, 2016.

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM	12 Months Ended
	Dec. 31, 2016
STOCK REPURCHASE PROGRAM
STOCK REPURCHASE PROGRAM	NOTE 13 STOCK REPURCHASE PROGRAM On October 20, 2016, the Company announced a new share repurchase authorization of up to $350 million of common stock. This new authorization replaced previous authorizations and has no expiration date. AptarGroup may repurchase shares through the open market, privately negotiated transactions or other programs, subject to market conditions. On December 16, 2014, the Company entered into an agreement to repurchase approximately $250 million of its common stock under an accelerated share repurchase program (the “ASR program”). The ASR program was part of the Company’s $350 million share repurchase authorization announced in October 2014. On December 17, 2014, the Company paid $250 million to Wells Fargo Bank N.A. ("Wells Fargo") in exchange for approximately 3.1 million shares. On September 25, 2015, the Company settled the ASR program with Wells Fargo and received approximately 719 thousand additional shares. The total number of shares repurchased under the ASR program was approximately 3.8 million shares. Subsequent to the completion of the ASR program, the Company repurchased approximately 190 thousand shares in the open market in November 2015 at a total cost of $13.9 million. Prior to November 2015, shares repurchased were returned to Treasury Stock. Beginning with the shares purchased in November 2015 and with all subsequent repurchases, such shares are immediately retired. In 2016, the Company repurchased approximately 1.7 million shares of its outstanding common stock at a total cost of $131.4 million. As of December 31, 2016, there was $303.4 million of authorized share repurchases available to the Company.

CAPITAL STOCK

CAPITAL STOCK	12 Months Ended
	Dec. 31, 2016
CAPITAL STOCK
CAPITAL STOCK	NOTE 14 CAPITAL STOCK We have 199 million authorized shares of common stock. The number of shares of common stock and treasury stock and the share activity were as follows: Common Shares Treasury Shares Balance at the beginning of the year Employee option exercises Director option exercises — — Restricted stock vestings — — Common stock repurchases — — — Common stock repurchased and retired — — Stock retirements — — Balance at the end of the year The cash dividends paid on the common stock for the years ended December 31, 2016, 2015 and 2014 aggregated $76.7 million, $71.2 million and $71.1 million, respectively.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2016
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 15 STOCK‑BASED COMPENSATION The Company issues stock options and restricted stock units to employees under Stock Awards Plans approved by stockholders. Restricted stock units are issued to non‑employee directors under the Director Restricted Stock Unit Plan and the 2016 Equity Incentive Plan, and stock options were formerly issued to non-employee directors under the Director Stock Option Plan, each approved by stockholders. Options are awarded with the exercise price equal to the market price on the date of grant and generally become exercisable over three years and expire 10 years after grant. Restricted stock units granted to employees generally vest over three years. Compensation expense recorded attributable to stock options for the year ended December 31, 2016 was approximately $16.9 million ($11.3 million after tax). The income tax benefit related to this compensation expense was approximately $5.6 million. Approximately $15.0 million of the compensation expense was recorded in selling, research & development and administrative expenses and the balance was recorded in cost of sales. Compensation expense recorded attributable to stock options for the year ended December 31, 2015 was approximately $17.9 million ($11.6 million after tax). The income tax benefit related to this compensation expense was approximately $6.3 million. Approximately $15.7 million of the compensation expense was recorded in selling, research & development and administrative expenses and the balance was recorded in cost of sales. Compensation expense recorded attributable to stock options for the year ended December 31, 2014 was approximately $18.0 million ($11.7 million after tax). The income tax benefit related to this compensation expense was approximately $6.3 million. Approximately $16.0 million of the compensation expense was recorded in selling, research & development and administrative expenses and the balance was recorded in cost of sales. The Company uses historical data to estimate expected life and volatility. The weighted‑average fair value of stock options granted under the Stock Awards Plans was $10.59, $12.83 and $14.82 per share in 2016, 2015 and 2014, respectively. These values were estimated on the respective dates of grant using the Black‑Scholes option‑pricing model with the following weighted‑average assumptions: Stock Awards Plans: Years Ended December 31, Dividend Yield % % % Expected Stock Price Volatility % % % Risk-free Interest Rate % % % Expected Life of Option (years) There were no grants under the Director Stock Option Plan during 2016 or 2015 as this plan was cancelled and replaced by the Director Restricted Stock Unit Plan. The fair value of stock options granted under the Director Stock Option Plan was $14.07 per share in 2014. This value was estimated on the date of the grant using the Black‑Scholes option‑pricing model with the following weighted‑average assumptions: Director Stock Option Plans: Year Ended December 31, Dividend Yield % Expected Stock Price Volatility % Risk-free Interest Rate % Expected Life of Option (years) A summary of option activity under the Company’s stock option plans as of December 31, 2016, and changes during the period then ended is presented below: Stock Awards Plans Director Stock Option Plans Weighted Average Weighted Average Options Exercise Price Options Exercise Price Outstanding, January 1, 2016 $ $ Granted — — Exercised Forfeited or expired — — Outstanding at December 31, 2016 $ $ Exercisable at December 31, 2016 $ $ Weighted-Average Remaining Contractual Term (Years): Outstanding at December 31, 2016 Exercisable at December 31, 2016 Aggregate Intrinsic Value: Outstanding at December 31, 2016 $ $ Exercisable at December 31, 2016 $ $ Intrinsic Value of Options Exercised During the Years Ended: December 31, 2016 $ $ December 31, 2015 $ $ December 31, 2014 $ $ The grant date fair value of options vested during the years ended December 31, 2016, 2015 and 2014 was $17.2 million, $16.1 million and $14.1 million, respectively. Cash received from option exercises was approximately $53.5 million and the actual tax benefit realized for the tax deduction from option exercises was approximately $13.6 million in the year ended December 31, 2016. As of December 31, 2016, the remaining valuation of stock option awards to be expensed in future periods was $12.1 million and the related weighted‑average period over which it is expected to be recognized is 1.4 years. The fair value of restricted stock unit grants is the market price of the underlying shares on the grant date. A summary of restricted stock unit activity as of December 31, 2016, and changes during the period then ended is presented below: Director Restricted Stock Awards Plans Stock Unit Plan Weighted Average Weighted Average RSUs Grant-Date Fair Value RSUs Grant-Date Fair Value Nonvested at January 1, 2016 $ $ Granted Vested Forfeited — — Nonvested at December 31, 2016 $ $ Compensation expense recorded attributable to restricted stock unit grants for the years ended December 31, 2016, 2015 and 2014 was approximately $3.0 million, $2.7 million and $1.8 million, respectively. The fair value of units vested during the years ended December 31, 2016, 2015 and 2014 was $1.9 million, $757 thousand and $614 thousand, respectively. The intrinsic value of units vested during the years ended December 31, 2016, 2015 and 2014 was $2.3 million, $877 thousand and $761 thousand, respectively. As of December 31, 2016, there was $1.1 million of total unrecognized compensation cost relating to restricted stock unit awards which is expected to be recognized over a weighted average period of 1.2 years. During the first quarter of 2014, the Company approved a new long-term incentive program for certain employees. Each award is based on the cumulative total stockholder return of our common stock during a three year performance period. Total expense related to this program is expected to be approximately $1.0 million over the performance period. For the year ended December 31, 2016, we recognized income of $1.0 million, while for the years ended December 31, 2015 and 2014, we recognized expense of $1.2 million and $530 thousand, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2016
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 16 EARNINGS PER SHARE The reconciliation of basic and diluted earnings per share for the years ended December 31, 2016, 2015 and 2014 are as follows: Income Shares Per Share (Numerator) (Denominator) Amount For the Year Ended December 31, 2016 Basic EPS Income available to common stockholders $ $ Effect of Dilutive Securities Stock options Restricted stock — Diluted EPS Income available to common stockholders $ $ For the Year Ended December 31, 2015 Basic EPS Income available to common stockholders $ $ Effect of Dilutive Securities Stock options Restricted stock — Diluted EPS Income available to common stockholders $ $ For the Year Ended December 31, 2014 Basic EPS Income available to common stockholders $ $ Effect of Dilutive Securities Stock options Restricted stock — Diluted EPS Income available to common stockholders $ $

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2016
SEGMENT INFORMATION
SEGMENT INFORMATION	NOTE 17 SEGMENT INFORMATION The Company is organized into three reporting segments. Operations that sell dispensing systems and sealing solutions primarily to the personal care, beauty and home care markets form the Beauty + Home segment. Operations that sell dispensing systems and sealing solutions to the prescription drug, consumer health care and injectables markets form the Pharma segment. Operations that sell dispensing systems and sealing solutions primarily to the food and beverage markets form the Food + Beverage segment. The accounting policies of the segments are the same as those described in Note 1, Summary of Significant Accounting Policies. The Company evaluates performance of its business segments and allocates resources based upon segment income. Segment income is defined as earnings before net interest expense, certain corporate expenses and income taxes. Financial information regarding the Company’s reportable segments is shown below: Years Ended December 31, Total Sales: Beauty + Home $ $ $ Pharma Food + Beverage Total Sales $ $ $ Less: Intersegment Sales: Beauty + Home $ $ $ Pharma — — — Food + Beverage Total Intersegment Sales $ $ $ Net Sales: Beauty + Home $ $ $ Pharma Food + Beverage Net Sales $ $ $ Segment Income: Beauty + Home $ $ $ Pharma Food + Beverage Corporate & Other Interest Expense $ $ $ Interest Income Income before Income Taxes $ $ $ Depreciation and Amortization: Beauty + Home $ $ $ Pharma Food + Beverage Corporate & Other Depreciation and Amortization $ $ $ Capital Expenditures: Beauty + Home $ $ $ Pharma Food + Beverage Corporate & Other Transfer of Corporate Technology Expenditures (1) Capital Expenditures $ $ $ Total Assets: Beauty + Home $ $ $ Pharma Food + Beverage Corporate & Other Total Assets $ $ $ (1) The transfer of corporate technology expenditures represents amounts of projects managed by corporate for the benefit of specific entities within each segment. Once the projects are complete, all related costs are allocated from corporate to and paid by the appropriate entity and the associated assets are then depreciated at the entity level. GEOGRAPHIC INFORMATION The following are net sales and long‑lived asset information by geographic area and product information for the years ended December 31, 2016, 2015 and 2014: Net Sales to Unaffiliated Customers (1): United States $ $ $ Europe: France Germany Italy Other Europe Total Europe Other Foreign Countries Total $ $ $ Plant, Property & Equipment: United States $ $ $ Europe: France Germany Italy Other Europe Total Europe Other Foreign Countries Total $ $ $ Product Net Sales Information: Pumps $ $ $ Closures Valves Injectables Other Total $ $ $ (1) Sales are attributed to countries based upon where the sales invoice to unaffiliated customers is generated. No single customer represents 10% or more of the Company’s net sales in 2016, 2015 or 2014.

INSURANCE SETTLEMENT RECEIVABLE

INSURANCE SETTLEMENT RECEIVABLE	12 Months Ended
	Dec. 31, 2016
INSURANCE SETTLEMENT RECEIVABLE
INSURANCE SETTLEMENT RECEIVABLE	NOTE 18 INSURANCE SETTLEMENT RECEIVABLE A fire caused damages to AptarGroup’s facility in Annecy, France in June 2016. The fire was contained to one of three production units and there were no reported injuries. Aptar Annecy supplies anodized aluminum components for certain AptarGroup dispensing systems. While repairs are underway, AptarGroup will source from its network of suppliers as well as from its anodizing facility in Brazil. The Company is insured for the damages caused by the fire, including business interruption insurance, and it does not expect this incident to have a material impact on its financial results. Costs, including the write-off of damaged fixed assets and inventory, along with labor and other direct costs related to the fire of $10.7 million were incurred during 2016. As of December 31, 2016, we have received insurance proceeds of $7.1 million. We have established an insurance receivable of $0.8 million for known losses for which insurance reimbursement is probable, which is included in Prepayments and Other in the Consolidated Balance Sheet. In many cases, our insurance coverage exceeds the amount of these incurred losses. No gain contingencies have been recognized as our ability to realize those gains remains uncertain. Therefore, we are reporting net expenses of $2.7 million related to the Annecy fire during 2016. These costs are included in the Beauty + Home segment. A separate fire caused damage to the roof and production area of one of the Company’s facilities in Brazil in September 2014. There were no injuries. The facility is primarily an internal supplier of anodized aluminum components for certain dispensing systems sold to the regional beauty and personal care markets. Repairs of the facility were essentially completed in the fourth quarter 2015. AptarGroup is insured for the damages caused by the fire, including business interruption insurance. The final insurance settlement was received in the fourth quarter of 2016. During 2016, we recognized $559 thousand of gain related to this fire, which is included in Other (Expense) Income on the Consolidated Statements of Income. The cumulative gain recognized is $3.5 million.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2016
ACQUISITIONS
ACQUISITIONS	NOTE 19 ACQUISITIONS On February 29, 2016, the Company completed its acquisition of MegaPlast GmbH and its subsidiaries along with Megaplast France S.a.r.l and Mega Pumps L.P. (“Mega Airless”). Mega Airless is a leading provider of innovative all-plastic airless dispensing systems for the beauty, personal care and pharmaceutical markets and operates two manufacturing facilities in Germany and one in the United States. The purchase price paid for Mega Airless was approximately $223.2 million ($203.0 million net of cash received) and was funded by cash on hand and borrowings on our revolving line of credit. Mega Airless contributed net sales of $59.4 million and pretax income of $4.1 million for the year ended December 31, 2016. Included in pretax income is a purchase accounting adjustment of $2.6 million related to the fair value of inventory acquired. The results of the acquired business from the acquisition date are included in the accompanying consolidated financial statements and are reported in the Beauty + Home and Pharma reporting segments. For the year ended December 31, 2016, we recognized $5.6 million in transaction costs related to the acquisition of Mega Airless. These costs are reflected in the selling, research & development and administrative section of the Consolidated Statements of Income. The following table summarizes the assets acquired and liabilities assumed as of the acquisition date at estimated fair value. February 29, 2016 Assets Cash and equivalents $ Accounts receivable Inventories Prepaid and other Property, plant and equipment Goodwill Intangible assets Other miscellaneous assets Liabilities Current maturities of long-term obligations Accounts payable and accrued liabilities Long-term obligations Deferred income taxes Net assets acquired $ During the quarter ended December 31, 2016, we obtained no other information requiring us to refine estimated fair values. As a result, no adjustments were made to the net assets acquired and we consider our purchase accounting to be complete. The following table is a summary of the fair value estimates of the acquired identifiable intangible assets and weighted-average useful lives as of the acquisition date: Weighted-Average Estimated Useful Life Fair Value (in years) of Asset Customer relationships $ Technology Trademark Total $ Goodwill in the amount of $105.6 million was recorded for the acquisition of Mega Airless, of which $49.8 million and $55.8 million is included in the Beauty + Home and Pharma segments, respectively. Goodwill is calculated as the excess of the consideration transferred over the net assets acquired and represents the estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Goodwill largely consists of leveraging the Company’s commercial presence in selling the Mega Airless line of products in markets where Mega Airless did not previously operate and the ability of Mega Airless to maintain its competitive advantage from a technical viewpoint. Goodwill will not be amortized, but will be tested for impairment at least annually. We do not expect any of the goodwill will be deductible for tax purposes. The unaudited pro forma results presented below include the effects of the Mega Airless acquisition as if it had occurred as of January 1, 2015. The unaudited pro forma results reflect certain adjustments related to the acquisition, such as the amortization associated with estimates for the acquired intangible assets and fair value adjustments for inventory. The 2016 pro forma earnings were adjusted to exclude $4.2 million after tax ($5.6 million pretax) of transaction costs, including consulting, legal, and advisory fees. The 2016 pro forma earnings were also adjusted to exclude $1.7 million after tax ($2.6 million pretax) of nonrecurring expense related to the fair value adjustment to acquisition-date inventory. The 2015 pro forma earnings were adjusted to include these adjustments. The pro forma results do not include any synergies or other expected benefits of the acquisition. Accordingly, the unaudited pro forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been completed on the dates indicated. Years Ended December 31, ($ millions) Net Sales $ $ Net Income Attributable to AptarGroup Inc. Net Income per common share — basic Net Income per common share — diluted

QUARTERLY DATA (UNAUDITED)

QUARTERLY DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2016
QUARTERLY DATA (UNAUDITED)
QUARTERLY DATA (UNAUDITED)	NOTE 20 QUARTERLY DATA (UNAUDITED) Quarterly results of operations and per share information for the years ended December 31, 2016 and 2015 are as follows: Quarter Total First Second Third Fourth for Year Year Ended December 31, 2016: Net sales $ $ $ $ $ Gross profit (1) Net Income Net Income Attributable to AptarGroup, Inc. Per Common Share — 2016: Net Income Attributable to AptarGroup, Inc. Basic $ .70 $ .94 $ .84 $ .79 $ Diluted .67 .91 .82 .77 Dividends declared .30 .30 .30 .32 Stock price high (2) Stock price low (2) Average number of shares outstanding: Basic Diluted Year Ended December 31, 2015: Net sales $ $ $ $ $ Gross profit (1) Net Income Net Income Attributable to AptarGroup, Inc. Per Common Share — 2015: Net Income Attributable to AptarGroup, Inc. Basic $ .73 $ .92 $ .85 $ .69 $ Diluted .70 .90 .83 .68 Dividends declared .28 .28 .28 .30 Stock price high (2) Stock price low (2) Average number of shares outstanding: Basic Diluted (1) Gross profit is defined as net sales less cost of sales and depreciation. (2) The stock price high and low amounts are based upon intra‑day New York Stock Exchange composite price history.

SCHEDULE II - VALUATION AND QUA

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2016
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	AptarGroup, Inc. SCHEDULE II – VALUATION AND QUALIFYING ACCOUNT For the years ended December 31, 2016, 2015 and 2014 Dollars in thousands Balance at Charged to Deductions Balance Beginning Costs and from at End of Of Period Expenses Reserve (a) Period 2016 Allowance for doubtful accounts $ $ $ $ Deferred tax valuation allowance 2015 Allowance for doubtful accounts $ $ $ $ Deferred tax valuation allowance 2014 Allowance for doubtful accounts $ $ $ $ Deferred tax valuation allowance (a) Write-off accounts considered uncollectible, net of recoveries and foreign currency impact adjustments.

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying consolidated financial statements include the accounts of AptarGroup, Inc. and our subsidiaries. The terms “AptarGroup”, “Aptar” or “Company” as used herein refer to AptarGroup, Inc. and our subsidiaries. All significant intercompany accounts and transactions have been eliminated. Certain previously reported amounts have been reclassified to conform to the current period presentation. AptarGroup’s organizational structure consists of three market‑focused lines of business which are Beauty + Home, Pharma and Food + Beverage. This is a strategic structure which allows us to be more closely aligned with our customers and the markets in which they operate.
CHANGE IN ACCOUNTING PRINCIPLE	CHANGE IN ACCOUNTING PRINCIPLE During the second quarter of 2015, the Company changed its inventory valuation method for certain operating entities in its North American business to the first-in first-out (FIFO) method from the last-in first-out (LIFO) method. Prior to the change, the Company utilized two methods of inventory costing: LIFO for inventories in these operating entities and FIFO for inventories in other operating entities. The Company believes that the FIFO method is preferable as it better reflects the current value of inventory on the Company's Consolidated Balance Sheet, provides better matching of revenues and expenses, results in uniformity across the Company's global operations with respect to the method of inventory accounting and improves comparability with the Company's peers. The cumulative pre-tax effect of this change is a gain of approximately $7.4 million and was recognized as a decrease to Cost of sales (exclusive of depreciation and amortization). The effect of the change on Net Income Attributable to AptarGroup was approximately $4.8 million, representing approximately $0.08 per diluted share. We have determined that this change is not material to the Company's previously issued financial statements and that the cumulative effect of the change is not material to current operations or to the trend of reported results of operations. Therefore, we conclude it was appropriate to recognize the cumulative effect of the change as an operating item in the current period's Consolidated Statement of Income and not to adopt the change by retrospective application.
ACCOUNTING ESTIMATES	ACCOUNTING ESTIMATES The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). This process requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
CASH MANAGEMENT	CASH MANAGEMENT The Company considers all investments which are readily convertible to known amounts of cash with an original maturity of three months or less when purchased to be cash equivalents. During 2015, we had short-term investments which reflected funds invested in a time deposit instrument with a two-year maturity. However, during the life of the investment the funds could have been redeemed at any time with a 35-90 day notice. There were no penalties for early redemption. We did not consider this investment a marketable security as there was no active market for this type of product.
INVENTORIES	INVENTORIES Inventories are stated at lower of cost or market. Costs included in inventories are raw materials, direct labor and manufacturing overhead. As discussed above, the Company changed its inventory valuation method for certain operating entities in its North American business to the FIFO method from the LIFO method during the second quarter of 2015 resulting in all entities utilizing the FIFO method at the end of 2015.
INVESTMENTS IN AFFILIATED COMPANIES	INVESTMENTS IN AFFILIATED COMPANIES The Company accounts for its investments in 20% to 50% owned affiliated companies using the equity method. There were no dividends received from affiliated companies in 2016, 2015 and 2014. During the fourth quarter of 2016, we sold our investment in an injectable drug delivery device company for a $2.0 million gain. The Company accounts for its investments less than 20% on the cost method.
PROPERTY AND DEPRECIATION	PROPERTY AND DEPRECIATION Properties are stated at cost. Depreciation is determined on a straight‑line basis over the estimated useful lives for financial reporting purposes and accelerated methods for income tax reporting. Generally, the estimated useful lives are 10 to 40 years for buildings and improvements and 3 to 15 years for machinery and equipment.
FINITE-LIVED INTANGIBLE ASSETS	FINITE‑LIVED INTANGIBLE ASSETS Finite‑lived intangibles, consisting of patents, acquired technology, customer relationships and license agreements acquired in purchase transactions, are capitalized and amortized over their useful lives which range from 3 to 20 years.
GOODWILL	GOODWILL Management believes the excess purchase price over the fair value of the net assets acquired (“goodwill”) in purchase transactions has continuing value. Goodwill is not amortized and must be tested annually, or more frequently as circumstances dictate, for impairment. The annual goodwill impairment test may first consider qualitative factors to determine whether it is more likely than not (i.e., greater than 50 percent chance) that the fair value of a reporting unit is less than its book value. This is sometimes referred to as the “step zero” approach and is an optional step in the annual goodwill impairment analysis. Management performed this qualitative assessment as of December 31, 2015 and 2014 for all four of our reporting units and determined that it was more likely than not that the fair value of goodwill attributed to all four of our reporting units was greater than its carrying amount and therefore no impairment of goodwill was required. In the absence of sufficient qualitative factors, goodwill impairment is determined utilizing a two‑step quantitative process. Due to the passage of time since the last quantitative assessment, management determined it appropriate to calculate the fair value of the reporting units and compare with their associated carry amounts (the “step one” approach) for the year ended December 31, 2016. Based on this quantitive analysis, we determined the fair value of our reporting units are not less than their carrying value and therefore no impairment of goodwill is required.
IMPAIRMENT OF LONG-LIVED ASSETS	IMPAIRMENT OF LONG‑LIVED ASSETS Long‑lived assets, such as property, plant and equipment and finite‑lived intangibles, are evaluated for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. An impairment loss is recognized when estimated undiscounted future cash flows expected to result from the use of the asset plus net proceeds expected from disposition of the asset (if any) are less than the carrying value of the asset.
DERIVATIVES INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVES INSTRUMENTS AND HEDGING ACTIVITIES Derivative financial instruments are recorded in the consolidated balance sheets at fair value as either assets or liabilities. Changes in the fair value of derivatives are recorded in each period in earnings or accumulated other comprehensive income, depending on whether a derivative is designated and effective as part of a hedge transaction.
RETIREMENT OF TREASURY SHARES	RETIREMENT OF TREASURY SHARES During the third quarter of 2015, the Company retired 20 million shares of treasury stock. Common stock was reduced by the number of shares retired at $0.01 par value while treasury stock was reduced by the purchase price of the shares retired. The excess of purchase price over par or stated value may either be charged entirely to retained earnings or allocated between additional paid-in capital and retained earnings. The Company has elected to allocate the excess purchase price over par value between additional paid-in capital and retained earnings. Subsequent to the third quarter of 2015, shares repurchased are immediately retired.
RESEARCH & DEVELOPMENT EXPENSES	RESEARCH & DEVELOPMENT EXPENSES Research and development costs, net of any customer funded research and development or government research and development credits, are expensed as incurred. These costs amounted to $66.2 million, $67.1 million and $76.2 million in 2016, 2015 and 2014, respectively.
INCOME TAXES	INCOME TAXES The Company computes taxes on income in accordance with the tax rules and regulations of the many taxing authorities where the income is earned. The income tax rates imposed by these taxing authorities may vary substantially. Taxable income may differ from pretax income for financial accounting purposes. To the extent that these differences create timing differences between the tax basis of an asset or liability and its reported amount in the financial statements, an appropriate provision for deferred income taxes is made. In its determination of which foreign earnings are permanently reinvested in foreign operations, the Company considers numerous factors, including the financial requirements of the U.S. parent company and those of its foreign subsidiaries, the U.S. funding needs for dividend payments and stock repurchases, and the tax consequences of remitting earnings to the U.S. From this analysis, current year repatriation decisions are made in an attempt to provide a proper mix of debt and stockholder capital both within the U.S. and for non‑U.S. operations. The Company’s policy is to permanently reinvest its accumulated foreign earnings and will only make a distribution to the U.S. out of current year earnings in order to meet the cash needs at the parent company. As such, the Company does not provide taxes on earnings that are deemed to be permanently reinvested. The Company has determined its 2016 foreign earnings will not be reinvested, as the Company is planning to repatriate cash to the U.S. in 2017 in excess of the expected 2017 earnings. There are no additional tax amounts to be recorded in connection with the 2017 repatriation. The Company provides a liability for the amount of unrecognized tax benefits from uncertain tax positions. This liability is provided whenever the Company determines that a tax benefit will not meet a more-likely-than-not threshold for recognition. See Note 5 for more information.
TRANSLATION OF FOREIGN CURRENCIES	TRANSLATION OF FOREIGN CURRENCIES The functional currencies of the majority of the Company's foreign operations are the local currencies. Assets and liabilities of the Company’s foreign operations are translated into U.S. dollars at the rates of exchange on the balance sheet date. Sales and expenses are translated at the average rates of exchange prevailing during the year. The related translation adjustments are accumulated in a separate section of Stockholders’ Equity. Realized and unrealized foreign currency transaction gains and losses are reflected in income, as a component of miscellaneous income and expense, and represented losses of $326 thousand, $3.9 million and $37 thousand in 2016, 2015 and 2014, respectively.
STOCK BASED COMPENSATION	STOCK BASED COMPENSATION Accounting standards require the application of the non‑substantive vesting approach which means that an award is fully vested when the employee’s retention of the award is no longer contingent on providing subsequent service. Under this approach, compensation costs are recognized over the requisite service period of the award instead of ratably over the vesting period stated in the grant. As such, costs are recognized immediately if the employee is retirement eligible on the date of grant or over the period from the date of grant until retirement eligibility if retirement eligibility is reached before the end of the vesting period stated in the grant. See Note 15 for more information.
REVENUE RECOGNITION	REVENUE RECOGNITION Product and Tooling Sales. The Company’s policy is to recognize revenue from product sales when the price is fixed and determinable, when the title and risk of loss has transferred to the customer, when the Company has no remaining obligations regarding the transaction and when collection is reasonably assured. The majority of the Company’s products shipped from the U.S. transfers title and risk of loss when the goods leave the Company’s shipping location. The majority of the Company’s products shipped from non‑U.S. operations transfer title and risk of loss when the goods reach their destination. Tooling revenue is also recognized when the title and risk of loss transfers to the customer. Services and Other. The Company invoices customers for certain services. The Company also receives revenue from other sources such as license, exclusivity or royalty agreements. Revenue is recognized when services are rendered or rights to use assets can be reliably measured and when collection is reasonably assured. License, exclusivity and royalty revenues are typically recognized when the contractual terms of each agreement are met. Service and other revenue is not material to the Company’s results of operations for any of the years presented.
ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS	ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS Changes to U.S. GAAP are established by the Financial Accounting Standards Board (“FASB”) in the form of accounting standards updates to the FASB’s Accounting Standards Codification. In November 2015, the FASB issued guidance which simplifies the balance sheet classification of deferred taxes. The new guidance requires that deferred tax liabilities and assets be presented as non-current in a classified statement of financial position. This standard is effective for annual reporting periods beginning after December 15, 2016. The Company has prospectively adopted the requirements of the standard and updated the presentation of our classified statement of financial position accordingly. In May 2015, the FASB issued new guidance on investment disclosures. Investments measured at net asset value (“NAV”), as a practical expedient for fair value, are excluded from the fair value hierarchy. Removing investments measured using the practical expedient from the fair value hierarchy is intended to eliminate the diversity in practice that currently exists with respect to the categorization of these investments. The Company has adopted the standard and updated the presentation of pension plan investment fair value hierarchy tables in the annual financial statements accordingly. In April 2015, the FASB issued new guidance on a customer's accounting for fees paid in a cloud computing arrangement (“CCA”). Previously, there was no specific U.S. GAAP guidance on accounting for such fees from the customer's perspective. Under the new standard, customers will apply the same criteria as vendors to determine whether a CCA contains a software license or is solely a service contract. This standard was effective for annual reporting periods beginning after December 15, 2015. The Company has adopted the requirements of the standard with respect to its current CCAs and has determined that the impact is not material to our current year financial statements. In April 2015, the FASB issued an ASU intended to simplify U.S. GAAP by changing the presentation of debt issuance costs. Under the new standard, debt issuance costs will be presented as a reduction of the carrying amount of the related liability, rather than as an asset. The new treatment is consistent with debt discounts. In August 2015, the FASB issued an ASU clarifying that debt issuance costs related to line of credit arrangements can be classified as an asset and amortized ratably over the term of the line of credit arrangement. These standards were effective for annual reporting periods beginning after December 15, 2015. The Company has implemented these standards within the current financial statements and retrospectively applied the changes to the prior periods as required, which resulted in a $1.7 million reclassification from Intangible Assets to Current Maturities of Long-Term Obligations and Long-Term Obligations in the December 31, 2015 Consolidated Balance Sheet. In August 2014, the FASB issued an ASU which requires the evaluation every reporting period, including interim periods, of whether there is substantial doubt about an entity’s ability to continue as a going concern and provide certain footnote disclosures depending on the results of such evaluation. The standard was effective for the Company in the fourth quarter of 2016. The adoption of the new rules did not have an impact on our current year financial statements. In May 2014, the FASB amended the guidance for recognition of revenue from customer contracts. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in the amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, the FASB decided to defer the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The FASB also decided to allow early adoption of the standard, but not before the original effective date of December 15, 2016. Subsequent to the initial standards, the FASB has also issued several ASUs to clarify specific revenue recognition topics. We are currently evaluating the impact the adoption of this standard will have on our consolidated financial statements. The majority of our revenues are derived from product sales and tooling sales and we are in the process of assessing the impact of the new guidance on these revenue streams. We are also evaluating our license, exclusivity and royalty arrangements, which will need to be reviewed individually to ensure proper accounting under the new standard. Based on our initial reviews, we currently anticipate adopting the full retrospective transition method for implementing this guidance on the standard’s effective date. Other accounting standards that have been issued by the FASB or other standards-setting bodies did not have a material impact on our consolidated financial statements.
REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS	REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS During the fourth quarter of 2016, the Company determined that certain of our long-term obligations had been incorrectly presented in the financing activities section of the Consolidated Statements of Cash Flows for the year ended December 31, 2015. The standards require that proceeds and repayments of long-term obligations be presented on a gross basis as opposed to a net basis. As the adjustment represent a reclassification between two accounts within the financing activities section of the Consolidated Statements of Cash Flows, the Consolidated Statements of Income and the Consolidated Balance Sheets are not impacted by this change. The revision, which the Company has determined is not material but was significant enough to revise, had no impact on the consolidated results of operations. Following is a summary of the previously reported financial statement line items impacted by this revision of all periods and statements included in this report: As Previously Reported Adjustment As Revised Revised Consolidated Statements of Cash Flows Year Ended December 31, 2015 Proceeds from long-term obligations $ $ $ Repayments of long-term obligations Net Cash Used by Financing Activities —

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Summary of the previously issued line items	As Previously Reported Adjustment As Revised Revised Consolidated Statements of Cash Flows Year Ended December 31, 2015 Proceeds from long-term obligations $ $ $ Repayments of long-term obligations Net Cash Used by Financing Activities —

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2016
INVENTORIES
Schedule of inventories, by component	Raw materials $ $ Work in process Finished goods Total $ $

GOODWILL AND OTHER INTANGIBLE32

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of changes in the carrying amount of goodwill	Beauty + Food + Corporate Home Pharma Beverage & Other Total Balance as of December 31, 2014 Goodwill $ $ $ $ $ Accumulated impairment losses — — — $ $ $ $ — $ Foreign currency exchange effects — Balance as of December 31, 2015 Goodwill $ $ $ $ $ Accumulated impairment losses — — — $ $ $ $ — $ Acquisition — — Foreign currency exchange effects — Balance as of December 31, 2016 Goodwill $ $ $ $ $ Accumulated impairment losses — — — $ $ $ $ — $
Summary of amortized intangible assets	2016 2015 Weighted Average Gross Gross Amortization Period Carrying Accumulated Net Carrying Accumulated Net (Years) Amount Amortization Value Amount Amortization Value Amortized intangible assets: Patents $ $ $ $ $ $ Acquired technology Customer relationships License agreements and other Total intangible assets $ $ $ $ $ $
Schedule of future estimated amortization expense	2017 $ 2018 2019 2020 2021 and thereafter

ACCOUNTS PAYABLE AND ACCRUED 33

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2016
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES.
Components of accounts payable and accrued liabilities	Accounts payable, principally trade $ $ Accrued employee compensation costs Customer deposits and other unearned income Other accrued liabilities Total $ $

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
INCOME TAX UNCERTAINTIES
Schedule of income before income taxes	Years Ended December 31, United States $ $ $ International Total $ $ $
Components of provision (benefit) for income taxes	Years Ended December 31, Current: U.S. Federal $ $ $ State/Local International $ $ $ Deferred: U.S. Federal/State $ $ $ International $ $ $ Total $ $ $
Schedule of reconciliation of actual income tax provision and the tax provision computed by applying statutory federal income tax rate	Years Ended December 31, Income tax at statutory rate $ $ $ State income (benefits) taxes, net of federal (tax) benefit Investment incentives — Tax resolutions — Provision for distribution of current foreign earnings Rate differential on earnings of foreign operations Other items, net Actual income tax provision $ $ $ Effective income tax rate % % %
Components of significant deferred tax assets and liabilities	Deferred Tax Assets: Pension liabilities $ $ Stock compensation Foreign tax credit carryforward Net operating loss carryforwards U.S. state tax credits Vacation Workers compensation Other Total gross deferred tax assets Less valuation allowance Net deferred tax assets Deferred Tax Liabilities: Depreciation, amortization and leases Acquisition related intangibles Total gross deferred tax liabilities Net deferred tax assets $ $
Schedule of reconciliation of the beginning and ending amount of income tax uncertainties	Balance at January 1 $ $ $ Increases based on tax positions for the current year Increases based on tax positions of prior years Decreases based on tax positions of prior years Settlements Lapse of statute of limitations Balance at December 31 $ $ $
Summary of major tax jurisdictions the Company files in, with the years still subject to income tax examinations	Tax Years Major Tax Subject to Jurisdiction Examination United States — Federal 2013-2016 United States — State 2009-2016 France 2013-2016 Germany 2013-2016 Italy 2012-2016 China 2007-2016

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2016
DEBT
Schedule of long-term obligations	At December 31, 2016, the Company’s long‑term obligations consisted of the following: Unamortized Debt Issuance Principal Costs Net Notes payable 0.61% – 16.00%, due in monthly and annual installments through 2025 $ $ — $ Senior unsecured notes 6.0%, due in 2018 Senior unsecured notes 3.8%, due in 2020 Senior unsecured notes 3.2%, due in 2022 Senior unsecured notes 3.5%, due in 2023 Senior unsecured notes 3.4%, due in 2024 Senior unsecured notes 3.5%, due in 2024 Senior unsecured notes 3.6%, due in 2025 Senior unsecured notes 3.6%, due in 2026 Capital lease obligations — $ $ $ Current maturities of long-term obligations — Total long-term obligations $ $ $ At December 31, 2015, the Company’s long-term obligations consisted of the following: Unamortized Debt Issuance Principal Costs Net Notes payable 0.61% – 14.50%, due in monthly and annual installments through 2025 $ $ — $ Senior unsecured notes 6.0%, due in 2016 Senior unsecured notes 6.0%, due in 2018 Senior unsecured notes 3.8%, due in 2020 Senior unsecured notes 3.2%, due in 2022 Senior unsecured notes 3.5%, due in 2023 Senior unsecured notes 3.4%, due in 2024 Senior unsecured notes 3.5%, due in 2024 Senior unsecured notes 3.6%, due in 2025 Senior unsecured notes 3.6%, due in 2026 Capital lease obligations — $ $ $ Current maturities of long-term obligations Total long-term obligations $ $ $

LEASE COMMITMENTS (Tables)

LEASE COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
LEASE COMMITMENTS
Components of assets recorded under capital leases	Buildings $ $ Machinery and equipment $ $ Accumulated depreciation $ $
Schedule of future minimum payments, by year and in the aggregate, under the capital leases and non cancelable operating leases	Capital Operating Leases Leases 2017 $ $ 2018 2019 2020 2021 — Subsequent to 2021 — Total minimum lease payments $ Amounts representing interest Present value of future minimum lease payments Lease amount due in one year Total $

RETIREMENT AND DEFERRED COMPE37

RETIREMENT AND DEFERRED COMPENSATION PLANS (Tables)	12 Months Ended
	Dec. 31, 2016
RETIREMENT AND DEFERRED COMPENSATION PLANS
Change in the projected benefit obligation, plan assets at fair value and funded status	Domestic Plans Foreign Plans Change in benefit obligation: Benefit obligation at beginning of year $ $ $ $ Service cost Interest cost Curtailment/Settlement — — — Prior service cost — — Actuarial loss (gain) Benefits paid Foreign currency translation adjustment — — Benefit obligation at end of year $ $ $ $ Domestic Plans Foreign Plans Change in plan assets: Fair value of plan assets at beginning of year $ $ $ $ Actual return on plan assets Employer contribution Benefits paid Foreign currency translation adjustment — — Fair value of plan assets at end of year $ $ $ $ Funded status at end of year $ $ $ $
Schedule of funded status amounts recognized in the Consolidated Balance Sheet	Domestic Plans Foreign Plans Current liabilities $ $ $ — $ — Non-current liabilities $ $ $ $
Schedule of amounts not recognized as components of periodic benefit cost that are recognized in accumulated other comprehensive loss	Domestic Plans Foreign Plans Net actuarial loss $ $ $ $ Net prior service cost — — Tax effects $ $ $ $
Schedule of changes in benefit obligations and plan assets recognized in other comprehensive income	Domestic Plans Current year actuarial (loss) gain $ $ $ Amortization of net loss $ $ $ Foreign Plans Current year actuarial (loss) gain $ $ $ Current year prior service cost — Amortization of net loss Amortization of prior service cost $ $ $
Schedule of amounts in accumulated other comprehensive loss expected to be recognized as components of periodic benefit cost in 2017	Domestic Plans Foreign Plans Amortization of net loss $ $ Amortization of prior service cost — $ $
Components of net periodic benefit cost	Domestic Plans Service cost $ $ $ Interest cost Expected return on plan assets Amortization of net loss Net periodic benefit cost $ $ $ Foreign Plans Service cost $ $ $ Interest cost Expected return on plan assets Amortization of net loss Amortization of prior service cost Net periodic benefit cost $ $ $ Settlement — — Total Net periodic benefit cost $ $ $
Schedule of projected benefit obligation ("PBO"), ABO, and fair value of plan assets for all pension plans with an ABO in excess of plan assets	Domestic Plans Foreign Plans Projected benefit obligation $ $ $ $ Accumulated benefit obligation Fair value of plan assets
Schedule of PBO, ABO, and fair value of plan assets for all pension plans with a PBO in excess of plan assets	Domestic Plans Foreign Plans Projected benefit obligation $ $ $ $ Accumulated benefit obligation Fair value of plan assets
Schedule of weighted-average assumptions used to determine benefit obligations and net periodic benefit cost	Domestic Plans Foreign Plans Weighted-average assumptions used to determine benefit obligations at December 31: Discount rate % % % % % % Rate of compensation increase % % % % % % Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31: Discount rate % % % % % % Expected long-term return on plan assets % % % % % % Rate of compensation increase % % % % % %
Schedule of domestic and foreign pension plan weighted-average asset allocations by asset category	Domestic Plans Assets Foreign Plans Assets at December 31, at December 31, Equity securities % % % % Fixed income securities % % % % Corporate debt securities — — % % Infrastructure % % — — Hedge funds % % — — Money market % % % % Investment Funds — — % % Real estate % — — — Total % % % %
Summary of fair value of pension plan assets	Domestic Fair Value Measurement Foreign Fair Value Measurement at December 31, 2016 at December 31, 2016 (In Thousands $) Total (Level 1) (Level 2) (Level 3) Total (Level 1) (Level 2) (Level 3) Cash and Short-term Securities (a) $ $ $ — $ — $ $ $ — $ — USD — — — — — — — EUR — — — — — — — Equity Securities (a) $ $ — — $ $ — — US Large Cap Equities — — — — — — — US Small Cap Equities — — — — — — — International Equities — — — — — — Fixed Income (a&b) $ $ — — $ $ — — Corporate debts securities — — — — $ $ — — Euro Corporate Bonds (a) — — — — — — — Investment Funds — — — — $ $ $ — Mutual Funds in Equities (a) — — — — — — — Mutual Funds in Bonds (a) — — — — — — — Mutual Funds Diversified (a&b) — — — — — — Total Investments in Fair Value Hierarchy $ $ $ — $ — $ $ $ $ — Investments at Net Asset Value per Share — — — — — — — Total Investments $ $ $ — $ — $ $ $ $ — Domestic Fair Value Measurement Foreign Fair Value Measurement at December 31, 2015 at December 31, 2015 (In Thousands $) Total (Level 1) (Level 2) (Level 3) Total (Level 1) (Level 2) (Level 3) Cash and Short-term Securities (a) $ $ $ — $ — $ $ $ — $ — USD — — — — — — — EUR — — — — — — — Equity Securities (a) $ $ — — $ $ — — US Large Cap Equities — — — — — — — US Small Cap Equities — — — — — — — International Equities — — — — — — Fixed Income (a&b) $ $ — — $ $ — — Corporate debts securities — — — — $ $ — — Euro Corporate Bonds (a) — — — — — — — Investment Funds — — — — $ $ $ — Mutual Funds in Equities (a) — — — — — — — Mutual Funds in Bonds (a) — — — — — — — Mutual Funds Diversified (a&b) — — — — — — Total Investments in Fair Value Hierarchy $ $ $ — $ — $ $ $ $ — Investments at Net Asset Value per Share — — — — — — — Total Investments $ $ $ — $ — $ $ $ $ — (a) Based on third party quotation from financial institution. (b) Based on observable market transactions.
Schedule of estimated benefit payments relating to defined benefit plans over the next ten years	Domestic Plans Foreign Plans 2017 $ $ 2018 2019 2020 2021 2022 - 2026

ACCUMULATED OTHER COMPREHENSI38

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Tables)	12 Months Ended
	Dec. 31, 2016
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
Changes in Accumulated Other Comprehensive Income by Component	Foreign Defined Benefit Currency Pension Plans Other Total Balance - December 31, 2013 $ $ $ $ Other comprehensive loss before reclassifications — Amounts reclassified from accumulated other comprehensive (loss) income Net current-period other comprehensive (loss) income Balance - December 31, 2014 $ $ $ $ Other comprehensive (loss) income before reclassifications — Amounts reclassified from accumulated other comprehensive income — Net current-period other comprehensive (loss) income Balance - December 31, 2015 $ $ $ $ Other comprehensive loss before reclassifications — Amounts reclassified from accumulated other comprehensive (loss) income Net current-period other comprehensive (loss) income Balance - December 31, 2016 $ $ $ $
Reclassifications Out of Accumulated Other Comprehensive Income	Amount Reclassified from Details about Accumulated Other Accumulated Other Affected Line in the Statement Comprehensive Income Components Comprehensive Income Where Net Income is Presented Years Ended December 31, Defined Benefit Pension Plans Amortization of net loss $ $ $ (a) Amortization of prior service cost (a) Total before tax Tax benefit $ $ $ Net of tax Foreign Currency Foreign currency gain $ $ — $ Miscellaneous, net — Total before tax — — — Tax benefit $ $ — $ Net of tax Other Changes in treasury locks $ $ $ Interest Expense Total before tax Tax benefit $ $ $ Net of tax Total reclassifications for the period $ $ $ (a) These accumulated other comprehensive income components are included in the computation of total net periodic benefit costs, net of tax (see Note 8 - Retirement and Deferred Compensation Plans for additional details).

DERIVATIVE INSTRUMENTS AND HE39

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2016
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets	Derivative Contracts Not Designated December 31, December 31, as Hedging Instruments Balance Sheet Location Derivative Assets Foreign Exchange Contracts Prepayments and other $ $ Foreign Exchange Contracts Miscellaneous other assets — $ $ Derivative Liabilities Foreign Exchange Contracts Accounts payable and accrued liabilities $ $ Foreign Exchange Contracts Deferred and other non-current liabilities — $ $
Schedule of Effect of Derivative Instruments on the Condensed Consolidated Statements of Income	Amount of (Loss) Gain Derivatives Not Designated Location of (Loss) Gain Recognized Recognized in Income as Hedging Instruments in Income on Derivatives on Derivatives Foreign Exchange Contracts Other (Expense) Income: Miscellaneous, net $ $ $ $
Schedule of offsetting derivative assets and liabilities	Gross Amounts not Offset Net Amounts in the Statement of Gross Amounts Presented in Financial Position Gross Offset in the the Statement of Financial Cash Collateral Net Amount Financial Position Financial Position Instruments Received Amount Description December 31, 2016 Derivative Assets $ — $ — — $ Total Assets $ — $ — — $ Derivative Liabilities $ — $ — — $ Total Liabilities $ — $ — — $ December 31, 2015 Derivative Assets $ — $ — — $ Total Assets $ — $ — — $ Derivative Liabilities $ — $ — — $ Total Liabilities $ — $ — — $

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2016
FAIR VALUE
Schedule of fair values of financial assets and liabilities	As of December 31, 2016, the fair values of our financial assets and liabilities were categorized as follows: Total Level 1 Level 2 Level 3 Assets Forward exchange contracts (1) $ $ — $ $ — Total assets at fair value $ $ — $ $ — Liabilities Forward exchange contracts (1) $ $ — $ $ — Total liabilities at fair value $ $ — $ $ — As of December 31, 2015, the fair values of our financial assets and liabilities were categorized as follows: Total Level 1 Level 2 Level 3 Assets Forward exchange contracts (1) $ $ — $ $ — Total assets at fair value $ $ — $ $ — Liabilities Forward exchange contracts (1) $ $ — $ $ — Total liabilities at fair value $ $ — $ $ — (1) Market approach valuation technique based on observable market transactions of spot and forward rates.

CAPITAL STOCK (Tables)

CAPITAL STOCK (Tables)	12 Months Ended
	Dec. 31, 2016
CAPITAL STOCK
Schedule of number of shares of common stock and treasury stock and the share activity	Common Shares Treasury Shares Balance at the beginning of the year Employee option exercises Director option exercises — — Restricted stock vestings — — Common stock repurchases — — — Common stock repurchased and retired — — Stock retirements — — Balance at the end of the year

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2016
Summary of option activity	Stock Awards Plans Director Stock Option Plans Weighted Average Weighted Average Options Exercise Price Options Exercise Price Outstanding, January 1, 2016 $ $ Granted — — Exercised Forfeited or expired — — Outstanding at December 31, 2016 $ $ Exercisable at December 31, 2016 $ $ Weighted-Average Remaining Contractual Term (Years): Outstanding at December 31, 2016 Exercisable at December 31, 2016 Aggregate Intrinsic Value: Outstanding at December 31, 2016 $ $ Exercisable at December 31, 2016 $ $ Intrinsic Value of Options Exercised During the Years Ended: December 31, 2016 $ $ December 31, 2015 $ $ December 31, 2014 $ $
Summary of restricted stock unit activity	Director Restricted Stock Awards Plans Stock Unit Plan Weighted Average Weighted Average RSUs Grant-Date Fair Value RSUs Grant-Date Fair Value Nonvested at January 1, 2016 $ $ Granted Vested Forfeited — — Nonvested at December 31, 2016 $ $
Stock Awards Plans
Weighted-average assumptions used to estimate fair value of stock options granted	Stock Awards Plans: Years Ended December 31, Dividend Yield % % % Expected Stock Price Volatility % % % Risk-free Interest Rate % % % Expected Life of Option (years)
Director Stock Option Plans
Weighted-average assumptions used to estimate fair value of stock options granted	Director Stock Option Plans: Year Ended December 31, Dividend Yield % Expected Stock Price Volatility % Risk-free Interest Rate % Expected Life of Option (years)

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2016
EARNINGS PER SHARE
Reconciliation of Basic and Diluted Earnings Per Share	Income Shares Per Share (Numerator) (Denominator) Amount For the Year Ended December 31, 2016 Basic EPS Income available to common stockholders $ $ Effect of Dilutive Securities Stock options Restricted stock — Diluted EPS Income available to common stockholders $ $ For the Year Ended December 31, 2015 Basic EPS Income available to common stockholders $ $ Effect of Dilutive Securities Stock options Restricted stock — Diluted EPS Income available to common stockholders $ $ For the Year Ended December 31, 2014 Basic EPS Income available to common stockholders $ $ Effect of Dilutive Securities Stock options Restricted stock — Diluted EPS Income available to common stockholders $ $

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2016
SEGMENT INFORMATION
Financial information regarding the Company's reportable segments	Years Ended December 31, Total Sales: Beauty + Home $ $ $ Pharma Food + Beverage Total Sales $ $ $ Less: Intersegment Sales: Beauty + Home $ $ $ Pharma — — — Food + Beverage Total Intersegment Sales $ $ $ Net Sales: Beauty + Home $ $ $ Pharma Food + Beverage Net Sales $ $ $ Segment Income: Beauty + Home $ $ $ Pharma Food + Beverage Corporate & Other Interest Expense $ $ $ Interest Income Income before Income Taxes $ $ $ Depreciation and Amortization: Beauty + Home $ $ $ Pharma Food + Beverage Corporate & Other Depreciation and Amortization $ $ $ Capital Expenditures: Beauty + Home $ $ $ Pharma Food + Beverage Corporate & Other Transfer of Corporate Technology Expenditures (1) Capital Expenditures $ $ $ Total Assets: Beauty + Home $ $ $ Pharma Food + Beverage Corporate & Other Total Assets $ $ $ (1) The transfer of corporate technology expenditures represents amounts of projects managed by corporate for the benefit of specific entities within each segment. Once the projects are complete, all related costs are allocated from corporate to and paid by the appropriate entity and the associated assets are then depreciated at the entity level.
Schedule of net sales and long-lived asset information by geographic area and product information	Net Sales to Unaffiliated Customers (1): United States $ $ $ Europe: France Germany Italy Other Europe Total Europe Other Foreign Countries Total $ $ $ Plant, Property & Equipment: United States $ $ $ Europe: France Germany Italy Other Europe Total Europe Other Foreign Countries Total $ $ $ Product Net Sales Information: Pumps $ $ $ Closures Valves Injectables Other Total $ $ $ (1) Sales are attributed to countries based upon where the sales invoice to unaffiliated customers is generated.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables) - Mega Airless	12 Months Ended
	Dec. 31, 2016
Acquisitions
Summary of assets acquired and liabilities assumed at estimated fair value	February 29, 2016 Assets Cash and equivalents $ Accounts receivable Inventories Prepaid and other Property, plant and equipment Goodwill Intangible assets Other miscellaneous assets Liabilities Current maturities of long-term obligations Accounts payable and accrued liabilities Long-term obligations Deferred income taxes Net assets acquired $
Summary of the fair value estimates of the acquired identifiable intangible assets and weighted-average useful lives as of the acquisition date	Weighted-Average Estimated Useful Life Fair Value (in years) of Asset Customer relationships $ Technology Trademark Total $
Schedule of unaudited pro forma financial information	Years Ended December 31, ($ millions) Net Sales $ $ Net Income Attributable to AptarGroup Inc. Net Income per common share — basic Net Income per common share — diluted

QUARTERLY DATA (UNAUDITED) (Tab

QUARTERLY DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2016
QUARTERLY DATA (UNAUDITED)
Schedule of quarterly results of operations and per share information	Quarter Total First Second Third Fourth for Year Year Ended December 31, 2016: Net sales $ $ $ $ $ Gross profit (1) Net Income Net Income Attributable to AptarGroup, Inc. Per Common Share — 2016: Net Income Attributable to AptarGroup, Inc. Basic $ .70 $ .94 $ .84 $ .79 $ Diluted .67 .91 .82 .77 Dividends declared .30 .30 .30 .32 Stock price high (2) Stock price low (2) Average number of shares outstanding: Basic Diluted Year Ended December 31, 2015: Net sales $ $ $ $ $ Gross profit (1) Net Income Net Income Attributable to AptarGroup, Inc. Per Common Share — 2015: Net Income Attributable to AptarGroup, Inc. Basic $ .73 $ .92 $ .85 $ .69 $ Diluted .70 .90 .83 .68 Dividends declared .28 .28 .28 .30 Stock price high (2) Stock price low (2) Average number of shares outstanding: Basic Diluted (1) Gross profit is defined as net sales less cost of sales and depreciation. (2) The stock price high and low amounts are based upon intra‑day New York Stock Exchange composite price history.

SUMMARY OF SIGNIFICANT ACCOUN47

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ / shares in Units, $ in Thousands, shares in Millions	3 Months Ended		6 Months Ended	12 Months Ended			36 Months Ended
	Dec. 31, 2016USD ($)$ / shares	Sep. 30, 2015$ / sharesshares	Jun. 30, 2015USD ($)$ / shares	Dec. 31, 2016USD ($)segmentitem$ / shares	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)$ / shares
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of reportable segments | segment				3
CASH MANAGEMENT
Maturity of the deposit				2 years
Penalty for early redemption				$ 0
INVESTMENTS IN AFFILIATED COMPANIES
Dividends received from affiliates							$ 0
Gain on sale of investment in unconsolidated affiliate	$ 2,000			$ 2,013
GOODWILL
Number of reportable units | item				4
Impairment of goodwill				$ 0
RETIREMENT OF TREASURY SHARES
Treasury stock shares retired | shares		20
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01		$ 0.01			$ 0.01
RESEARCH & DEVELOPMENT EXPENSES
Research and development expenses incurred net of customer funded research and development or government research and development credits				$ 66,200	$ 67,100	$ 76,200
INCOME TAXES
Additional tax amounts to be recorded in connection with repatriation of foreign earnings	$ 0			0			$ 0
TRANSLATION OF FOREIGN CURRENCIES
Foreign Currency Transaction Gain (Loss), before Tax				(326)	(3,900)	$ (37)
ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS
Intangible assets	94,489			94,489	31,529		94,489
Long-term obligations, net of unamortized debt issuance costs	$ 772,737			$ 772,737	760,848		$ 772,737
Minimum
CASH MANAGEMENT
Redemption period				35 days
Maximum
CASH MANAGEMENT
Redemption period				90 days
Accounting Standards Update 201503
ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS
Intangible assets					(1,700)
Long-term obligations, net of unamortized debt issuance costs					$ (1,700)
Accounting principle change
CHANGE IN ACCOUNTING PRINCIPLE
Cumulative pre-tax effect			$ 7,400
Effect of change on net income attributable to AptarGroup			$ 4,800
Effect of change on net income attributable to AptarGroup per diluted share | $ / shares			$ 0.08
Buildings and improvements | Minimum
PROPERTY AND DEPRECIATION
Estimated useful lives				10 years
Buildings and improvements | Maximum
PROPERTY AND DEPRECIATION
Estimated useful lives				40 years
Machinery and equipment | Minimum
PROPERTY AND DEPRECIATION
Estimated useful lives				3 years
Machinery and equipment | Maximum
PROPERTY AND DEPRECIATION
Estimated useful lives				15 years
Patents, non-compete agreements and license agreements | Minimum
FINITE-LIVED INTANGIBLE ASSETS
Finite-Lived Intangible Asset, Useful Life				3 years
Patents, non-compete agreements and license agreements | Maximum
FINITE-LIVED INTANGIBLE ASSETS
Finite-Lived Intangible Asset, Useful Life				20 years

SUMMARY OF SIGNIFICANT ACCOUN48

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Revision of Prior Period Financial Statements) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Proceeds from long-term obligations	$ 5,963	$ 225,236	$ 253,520
Repayments of long-term obligations	(55,314)	(16,981)	(778)
Net Cash Used by Financing Activities	$ (31,609)	(33,066)	$ (20,738)
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Proceeds from long-term obligations		209,236
Repayments of long-term obligations		(981)
Net Cash Used by Financing Activities		(33,066)
Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Proceeds from long-term obligations		16,000
Repayments of long-term obligations		$ (16,000)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Inventories, by component
Raw materials	$ 98,014	$ 91,214
Work in process	91,646	90,625
Finished goods	107,254	113,073
Total	$ 296,914	$ 294,912

GOODWILL AND OTHER INTANGIBLE50

GOODWILL AND OTHER INTANGIBLE ASSETS (Schedule of Goodwill) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)item	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Changes in the carrying amount of goodwill
Goodwill	$ 409,137	$ 311,855	$ 331,356
Accumulated impairment losses	(1,615)	(1,615)	(1,615)
Goodwill, Total	407,522	310,240	329,741
Acquisition	105,562
Foreign currency exchange effects	$ (8,280)	(19,501)
Number of reportable units | item	4
Impairment of goodwill	$ 0
Operating segment | Beauty + Home
Changes in the carrying amount of goodwill
Goodwill	211,371	164,590	171,149
Goodwill, Total	211,371	164,590	171,149
Acquisition	49,735
Foreign currency exchange effects	(2,954)	(6,559)
Operating segment | Pharma
Changes in the carrying amount of goodwill
Goodwill	180,050	129,360	141,592
Goodwill, Total	180,050	129,360	141,592
Acquisition	55,827
Foreign currency exchange effects	(5,137)	(12,232)
Operating segment | Food + Beverage
Changes in the carrying amount of goodwill
Goodwill	16,101	16,290	17,000
Goodwill, Total	16,101	16,290	17,000
Foreign currency exchange effects	(189)	(710)
Corporate Non-Segment
Changes in the carrying amount of goodwill
Goodwill	1,615	1,615	1,615
Accumulated impairment losses	$ (1,615)	$ (1,615)	$ (1,615)

GOODWILL AND OTHER INTANGIBLE51

GOODWILL AND OTHER INTANGIBLE ASSETS (Summary of Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Amortized intangible assets:
Gross Carrying Amount	$ 130,112	$ 75,016
Accumulated Amortization	(35,623)	(43,487)
Net Value	94,489	31,529
Aggregate amortization expense	9,317	4,246	$ 5,325
Future estimated amortization expense
2,017	9,669
2,018	9,659
2,019	9,493
2,020	8,393
2021 and thereafter	$ 57,275
Weighted Average
Amortized intangible assets:
Amortization Period	11 years 8 months 12 days
Patents
Amortized intangible assets:
Gross Carrying Amount	$ 6,859	15,358
Accumulated Amortization	(6,839)	(15,330)
Net Value	$ 20	28
Patents | Weighted Average
Amortized intangible assets:
Amortization Period	2 months 12 days
Technology
Amortized intangible assets:
Gross Carrying Amount	$ 41,731	32,030
Accumulated Amortization	(10,040)	(7,475)
Net Value	$ 31,691	24,555
Technology | Weighted Average
Amortized intangible assets:
Amortization Period	14 years 10 months 24 days
Customer relationships
Amortized intangible assets:
Gross Carrying Amount	$ 63,006	6,406
Accumulated Amortization	(6,696)	(1,493)
Net Value	$ 56,310	4,913
Customer relationships | Weighted Average
Amortized intangible assets:
Amortization Period	11 years 9 months 18 days
License agreements and other
Amortized intangible assets:
Gross Carrying Amount	$ 18,516	21,222
Accumulated Amortization	(12,048)	(19,189)
Net Value	$ 6,468	$ 2,033
License agreements and other | Weighted Average
Amortized intangible assets:
Amortization Period	8 years

ACCOUNTS PAYABLE AND ACCRUED 52

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES.
Accounts payable, principally trade	$ 115,514	$ 115,061
Accrued employee compensation costs	119,767	125,724
Customer deposits and other unearned income	44,068	33,253
Other accrued liabilities	89,790	80,890
Total	$ 369,139	$ 354,928

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income before income taxes:
United States	$ 55,278	$ 73,492	$ 31,681
International	225,219	221,079	254,620
Income before Income Taxes	280,497	294,571	286,301
Current:
U.S. Federal	24,045	19,749	14,023
State/Local	449	82	42
International	61,511	82,586	99,585
Total Current	86,005	102,417	113,650
Deferred:
U.S. Federal/State	(4,002)	1,605	(10,130)
International	(7,110)	(8,746)	(8,843)
Total Deferred	(11,112)	(7,141)	(18,973)
Total	$ 74,893	$ 95,276	$ 94,677
Statutory federal income tax rate (as a percent)	35.00%	35.00%	35.00%
Reconciliation of actual income tax provision and tax provision computed by applying statutory federal income tax rate
Income tax at statutory rate	$ 98,174	$ 103,100	$ 100,205
State income taxes (benefits), net of federal benefit (tax)	(980)	(1,254)	770
Investment incentives	(6,413)	(3,082)
Tax resolutions	(7,205)	2,375
Provision for distribution of current foreign earnings	3,494	2,031	695
Rate differential on earnings of foreign operations	(12,037)	(5,688)	(5,478)
Other items, net	(140)	(2,206)	(1,515)
Provision for Income Taxes	$ 74,893	$ 95,276	$ 94,677
Effective income tax rate (as a percent)	26.70%	32.30%	33.10%
Tax benefit related to reduction of allowances related to tax credits	$ 1,600	$ 1,100
Increase in tax provision due to transfer pricing issues in France		2,400
Income tax amount recognized under the US deemed dividend provisions	2,100	1,600
Income tax provision for planned cash movements in Europe	1,400	400
Deferred Tax Assets:
Pension liabilities	27,087	27,155
Stock compensation	18,943	20,170
Foreign tax credit carryforward	10,813	7,471
Net operating loss carryforwards	5,150	5,053
U.S. state tax credits	8,103	8,554
Vacation	4,783	4,167
Workers compensation	3,575	4,693
Other	12,651	6,503
Total gross deferred tax assets	91,105	83,766
Less valuation allowance	(4,070)	(6,125)
Net deferred tax assets	87,035	77,641
Deferred Tax Liabilities:
Depreciation, amortization and leases	39,189	47,154
Acquisition related intangibles	30,417	15,720
Total gross deferred tax liabilities	69,606	62,874
Net deferred tax assets / (liabilities)	17,429	14,767
Tax-effected net operating loss carryforwards not subject to expiration	4,700
Tax-effected net operating loss subject to expiration	400
France
Reconciliation of actual income tax provision and tax provision computed by applying statutory federal income tax rate
Increase in tax provision due to tax law changes in foreign nations		$ (3,100)
Tax settlements attributable to dividends previously taxed in foreign nations	(5,000)
Income tax benefit attributable to reduction in foreign corporate income tax rate	$ 4,700
Corporate income tax rate	34.43%	38.00%
France and Italy
Reconciliation of actual income tax provision and tax provision computed by applying statutory federal income tax rate
Increase in tax provision due to tax law changes in foreign nations	$ (6,400)
France, Italy, and Germany
Reconciliation of actual income tax provision and tax provision computed by applying statutory federal income tax rate
Tax settlements attributable to resolution of foreign tax issues	(2,200)
Germany
Reconciliation of actual income tax provision and tax provision computed by applying statutory federal income tax rate
Income tax benefit attributable to reduction in foreign corporate income tax rate	2,000
SWITZERLAND
Reconciliation of actual income tax provision and tax provision computed by applying statutory federal income tax rate
Income tax benefit attributable to reduction in foreign corporate income tax rate	2,200
CHINA
Reconciliation of actual income tax provision and tax provision computed by applying statutory federal income tax rate
Income tax benefit attributable to reduction in foreign corporate income tax rate	$ 2,200

INCOME TAXES (Reconciliation of

INCOME TAXES (Reconciliation of Income Tax Uncertainties) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Valuation Allowance [Line Items]
Valuation allowance	$ 4,070	$ 6,125
Reconciliation of the beginning and ending amount of income tax uncertainties
Balance at the beginning of period	7,934	6,408	$ 7,988
Increases based on tax positions for the current year	270	255	113
Increases based on tax positions of prior years	1,283	2,684	228
Decreases based on tax positions of prior years	(1,472)	(518)	(1,073)
Settlements	(1,444)	(207)	(407)
Lapse of statute of limitations	(215)	(688)	(441)
Balance at the end of period	6,356	7,934	6,408
Unremitted earnings from non-U.S. subsidiaries	1,500,000
Undistributed earnings attributable to foreign subsidiaries intended to be repatriated	300,000
Undistributed earnings attributable to foreign subsidiaries considered to be permanently reinvested	1,200,000
Provision for U.S. or additional foreign taxes with respect to planned repatriation of foreign earnings	0
Additional tax amounts expected on repatriated foreign earnings	0
Foreign taxes payable in the event of non-fulfillment of terms of government grants	1,600
Amount of income tax uncertainties that, if recognized, would impact the effective tax rate	6,400
Decrease in liability for uncertain tax positions, high end of range	4,600
Unrecognized tax benefits, amount accrued for the payment of interest and penalties	1,500	1,100	700
Unrecognized tax benefits, amount recognized in income tax expense	400	$ 400	$ (200)
Minimum
Other income tax disclosures
Estimated amount of additional tax if undistributed earnings are remitted as dividends or lent to a U.S. affiliate	50,000
Maximum
Other income tax disclosures
Estimated amount of additional tax if undistributed earnings are remitted as dividends or lent to a U.S. affiliate	60,000
Deferred tax assets related to non-U.S. jurisdictions
Valuation Allowance [Line Items]
Valuation allowance	500
Deferred tax assets related to tax credit carryforwards, U.S. state
Valuation Allowance [Line Items]
Valuation allowance	1,400
Deferred tax assets for specified locations
Valuation Allowance [Line Items]
Valuation allowance	$ 2,200

DEBT (Details)

DEBT (Details) $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 28, 2015USD ($)	Dec. 31, 2014USD ($)item	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Debt
Proceeds from private placement		$ 475,000
Number of maturity tranches in funding of private placement | item		2
Long-term obligations gross including current maturities			$ 778,788	$ 814,413
Current maturities of long-term obligations			(4,603)	(51,889)
Total long-term obligations			774,185	762,524
Deferred Finance Costs, Net, Total			1,448	1,681
Deferred debt issuance costs current				(5)
Deferred debt issuance costs noncurrent			1,448	1,676
Long-term obligations including current maturities			777,340	812,732
Current maturities of long-term obligations			(4,603)	(51,884)
Long-term obligations, net of unamortized debt issuance costs			772,737	760,848
Aggregate long-term maturities, excluding capital lease obligations
2,017			3,800
2,018			78,443
2,019			5,338
2,020			85,703
2,021			1,704
Thereafter			602,259
Unsecured lines of credit
Debt
Average borrowings			$ 90,900	$ 42,700
Average annual interest rate on short-term notes payable (as a percent)			2.20%	6.80%
Revolving credit facility
Debt
Amount outstanding under line of credit			$ 166,000	$ 0
Credit facility interest and fees			2,000	900
Notes payable
Debt
Proceeds from private placement	$ 225,000	$ 250,000
Notes payable 0.61% - 16.00%, due in monthly and annual installments through 2025
Debt
Long-term obligations gross including current maturities			18,246	3,785
Long-term obligations including current maturities			$ 18,246	$ 3,785
Notes payable 0.61% - 16.00%, due in monthly and annual installments through 2025 | Minimum
Debt
Interest rate on notes (as a percent)			0.61%	0.61%
Notes payable 0.61% - 16.00%, due in monthly and annual installments through 2025 | Maximum
Debt
Interest rate on notes (as a percent)			16.00%	14.50%
Senior unsecured notes 6.0% due in 2016
Debt
Long-term obligations gross including current maturities				$ 50,000
Deferred Finance Costs, Net, Total				5
Long-term obligations including current maturities				$ 49,995
Interest rate on notes (as a percent)				6.00%
Senior unsecured notes 6.0%, due in 2018
Debt
Long-term obligations gross including current maturities			$ 75,000	$ 75,000
Deferred Finance Costs, Net, Total			37	63
Long-term obligations including current maturities			$ 74,963	$ 74,937
Interest rate on notes (as a percent)			6.00%	6.00%
Senior unsecured notes 3.8%, due in 2020
Debt
Long-term obligations gross including current maturities			$ 84,000	$ 84,000
Deferred Finance Costs, Net, Total			119	150
Long-term obligations including current maturities			$ 83,881	$ 83,850
Interest rate on notes (as a percent)			3.80%	3.80%
Senior unsecured notes 3.2%, due in 2022
Debt
Long-term obligations gross including current maturities			$ 75,000	$ 75,000
Deferred Finance Costs, Net, Total			138	163
Long-term obligations including current maturities			$ 74,862	$ 74,837
Interest rate on notes (as a percent)			3.20%	3.20%
Senior unsecured notes 3.5%, due in 2023
Debt
Term of debt		9 years
Long-term obligations gross including current maturities			$ 125,000	$ 125,000
Deferred Finance Costs, Net, Total			256	293
Long-term obligations including current maturities			$ 124,744	$ 124,707
Interest rate on notes (as a percent)		3.49%	3.49%	3.49%
Senior unsecured notes 3.4%, due in 2024
Debt
Long-term obligations gross including current maturities			$ 50,000	$ 50,000
Deferred Finance Costs, Net, Total			104	118
Long-term obligations including current maturities			$ 49,896	$ 49,882
Interest rate on notes (as a percent)			3.40%	3.40%
Senior unsecured notes 3.5%, due in 2024
Debt
Term of debt	9 years
Long-term obligations gross including current maturities			$ 100,000	$ 100,000
Deferred Finance Costs, Net, Total			256	293
Long-term obligations including current maturities			$ 99,744	$ 99,707
Interest rate on notes (as a percent)	3.49%		3.49%	3.49%
Senior unsecured notes 3.6%, due in 2025
Debt
Term of debt		11 years
Long-term obligations gross including current maturities			$ 125,000	$ 125,000
Deferred Finance Costs, Net, Total			269	298
Long-term obligations including current maturities			$ 124,731	$ 124,702
Interest rate on notes (as a percent)		3.61%	3.61%	3.61%
Senior unsecured notes 3.6%, due in 2026
Debt
Term of debt	11 years
Long-term obligations gross including current maturities			$ 125,000	$ 125,000
Deferred Finance Costs, Net, Total			269	298
Long-term obligations including current maturities			$ 124,731	$ 124,702
Interest rate on notes (as a percent)	3.61%		3.61%	3.61%
Capital lease obligations
Debt
Long-term obligations gross including current maturities			$ 1,542	$ 1,628
Long-term obligations including current maturities			$ 1,542	$ 1,628

LEASE COMMITMENTS (Details)

LEASE COMMITMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Rent expense under operating leases	$ 27,360	$ 26,583	$ 30,813
Assets recorded under capital leases
Assets recorded under capital leases, Gross	4,646	3,015
Accumulated depreciation	(2,102)	(663)
Assets recorded under capital leases, Net	2,544	2,352
Future minimum payments under capital leases, by year and in the aggregate
2,017	936
2,018	740
2,019	80
2,020	3
Total minimum lease payments	1,759
Amounts representing interest	(217)
Present value of future minimum lease payments	1,542
Lease amount due in one year	(803)
Total	739
Future minimum payments under noncancelable operating leases, by year and in the aggregate
2,017	22,066
2,018	14,864
2,019	10,934
2,020	6,882
2,021	6,309
Subsequent to 2021	15,830
Total minimum lease payments	76,885
Building
Assets recorded under capital leases
Assets recorded under capital leases, Gross	2,119	2,184
Machinery and equipment
Assets recorded under capital leases
Assets recorded under capital leases, Gross	$ 2,527	$ 831

RETIREMENT AND DEFERRED COMPE57

RETIREMENT AND DEFERRED COMPENSATION PLANS (Details) € in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015EUR (€)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Domestic Plans
Change in benefit obligation:
Benefit obligation at beginning of year	$ 160,995	$ 171,501
Service cost	9,041	10,016	$ 8,042
Interest cost	6,776	6,355	5,928
Actuarial (gain) loss	4,278	(19,568)
Benefits paid	(5,211)	(7,309)
Benefit obligation at end of year	175,879	160,995	171,501
Change in plan assets:
Fair value of plan assets at beginning of year	112,934	111,094
Actual return on plan assets	8,414	(930)
Employer contribution	10,109	10,079
Benefits paid	(5,211)	(7,309)
Fair value of plan assets at end of year	126,246	112,934	111,094
Funded status at end of year				$ (49,633)		$ (48,060)
Funded status amounts recognized in Consolidated Balance Sheet
Current liabilities				(302)		(173)
Non-current liabilities				(49,331)		(47,887)
Funded status amount				(49,633)		(48,060)
Amounts recognized in accumulated other comprehensive loss
Net actuarial loss				48,872		47,820
Tax effects				(18,327)		(17,933)
Net amount recognized				30,545		29,887
Changes in benefit obligations and plan assets recognized in other comprehensive income
Current year actuarial gain (loss)	(4,335)	11,048	(34,211)
Amortization of net loss	3,283	5,404	2,869
Net amount recognized	(1,052)	16,452	(31,342)
Amounts in accumulated other comprehensive loss expected to be recognized as components of periodic benefit cost in 2017
Amortization of net loss	2,973
Amount expected to be recognized in next fiscal year	2,973
Components of net periodic benefit cost:
Service cost	9,041	10,016	8,042
Interest cost	6,776	6,355	5,928
Expected return on plan assets	(8,471)	(7,590)	(6,585)
Amortization of net loss	3,283	5,404	2,869
Net periodic benefit cost	$ 10,629	$ 14,185	$ 10,254
Accumulated benefit obligation				159,400		145,500
Projected benefit obligation ("PBO"), ABO, and fair value of plan assets for all pension plans with an ABO in excess of plan assets
Projected benefit obligation				175,879		160,995
Accumulated benefit obligation				159,398		145,482
Fair value of plan assets				126,246		112,934
PBO, ABO, and fair value of plan assets for all pension plans with a PBO in excess of plan assets
Projected benefit obligation				175,879		160,995
Accumulated benefit obligation				159,398		145,482
Fair value of plan assets				$ 126,246		$ 112,934
Weighted-average assumptions used to determine benefit obligations
Discount rate (as a percent)				4.05%	4.24%	4.24%	3.83%
Rate of compensation increase (as a percent)				4.00%	4.00%	4.00%	4.00%
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate (as a percent)	4.24%	3.83%	4.75%
Expected long-term return on plan assets (as a percent)	7.00%	7.00%	7.00%
Rate of compensation increase (as a percent)	4.00%	4.00%	4.00%
Plan Assets:
Weighted-average asset allocations (as a percent)				100.00%	100.00%	100.00%
Total Investments in Fair Value Hierarchy				$ 77,778		$ 70,832
Investments at Net Asset Value per Share				48,468		42,102
Total Investments	$ 112,934	$ 111,094	$ 111,094	126,246		112,934	$ 111,094
Minimum funding requirement	0
Expected contribution in next fiscal year	$ 10,300
Domestic Plans | Cash and Short Term Securities
Plan Assets:
Total Investments in Fair Value Hierarchy				$ 821		$ 1,189
Domestic Plans | Equity Securities
Plan Assets:
Weighted-average asset allocations (as a percent)				48.00%	47.00%	47.00%
Target allocation (as a percent)	60.00%
Total Investments in Fair Value Hierarchy				$ 54,013		$ 47,725
Domestic Plans | Fixed Income Funds
Plan Assets:
Weighted-average asset allocations (as a percent)				28.00%	30.00%	30.00%
Total Investments in Fair Value Hierarchy				$ 22,944		$ 21,918
Domestic Plans | Hedge Fund
Plan Assets:
Weighted-average asset allocations (as a percent)				11.00%	14.00%	14.00%
Domestic Plans | Infrastructure
Plan Assets:
Weighted-average asset allocations (as a percent)				7.00%	8.00%	8.00%
Domestic Plans | Money market
Plan Assets:
Weighted-average asset allocations (as a percent)				1.00%	1.00%	1.00%
Domestic Plans | Fixed income securities and infrastructure
Plan Assets:
Target allocation (as a percent)	40.00%
Domestic Plans | Real Estate Funds
Plan Assets:
Weighted-average asset allocations (as a percent)				5.00%
Domestic Plans | Level 1
Change in plan assets:
Fair value of plan assets at beginning of year	$ 70,832
Fair value of plan assets at end of year	77,778	70,832
Plan Assets:
Total Investments in Fair Value Hierarchy				$ 77,778		$ 70,832
Total Investments	70,832	70,832		77,778		70,832
Domestic Plans | Level 1 | Cash and Short Term Securities
Plan Assets:
Total Investments in Fair Value Hierarchy				821		1,189
Domestic Plans | Level 1 | Cash and Short Term Securities | USD
Plan Assets:
Total Investments in Fair Value Hierarchy				821		1,189
Domestic Plans | Level 1 | Equity Securities
Plan Assets:
Total Investments in Fair Value Hierarchy				54,013		47,725
Domestic Plans | Level 1 | US Large Cap Equities
Plan Assets:
Total Investments in Fair Value Hierarchy				32,672		28,797
Domestic Plans | Level 1 | US Small Cap Equities
Plan Assets:
Total Investments in Fair Value Hierarchy				5,929		5,349
Domestic Plans | Level 1 | International Equities
Plan Assets:
Total Investments in Fair Value Hierarchy				15,412		13,579
Domestic Plans | Level 1 | Fixed Income Funds
Plan Assets:
Total Investments in Fair Value Hierarchy				22,944		21,918
Foreign Plans
Change in benefit obligation:
Benefit obligation at beginning of year	84,807	91,160
Service cost	4,556	4,570	4,186
Interest cost	1,892	1,654	2,711
Curtailment/Settlement		(227)
Prior service cost	655	821
Actuarial (gain) loss	6,663	(1,486)
Benefits paid	(2,244)	(2,265)
Foreign currency translation adjustment	(3,151)	(9,420)
Benefit obligation at end of year	93,178	84,807	91,160
Change in plan assets:
Fair value of plan assets at beginning of year	58,517	55,394
Actual return on plan assets	2,168	927
Employer contribution	5,209	10,157
Benefits paid	(2,244)	(2,265)
Foreign currency translation adjustment	(1,738)	(5,696)
Fair value of plan assets at end of year	61,912	58,517	55,394
Funded status at end of year				(31,266)		(26,288)
Funded status amounts recognized in Consolidated Balance Sheet
Non-current liabilities				(31,266)		(26,288)
Funded status amount				(31,266)		(26,288)
Amounts recognized in accumulated other comprehensive loss
Net actuarial loss				38,550		33,839
Net prior service cost				4,342		4,036
Tax effects				(13,661)		(12,211)
Net amount recognized				29,231		25,664
Changes in benefit obligations and plan assets recognized in other comprehensive income
Current year actuarial gain (loss)	(6,251)	568	(12,589)
Current year prior service cost	(656)	(821)
Amortization of net loss	1,540	1,812	1,214
Amortization of prior service cost	350	256	313
Net amount recognized	(5,017)	1,815	(11,062)
Amounts in accumulated other comprehensive loss expected to be recognized as components of periodic benefit cost in 2017
Amortization of net loss	1,766
Amortization of prior service cost	373
Amount expected to be recognized in next fiscal year	2,139
Components of net periodic benefit cost:
Service cost	4,556	4,570	4,186
Interest cost	1,892	1,654	2,711
Expected return on plan assets	(2,181)	(1,792)	(1,979)
Amortization of net loss	1,540	1,676	1,214
Amortization of prior service cost	350	256	313
Net periodic benefit cost	6,157	6,364	6,445
Settlement		136
Total net periodic benefit cost	$ 6,157	$ 6,500	$ 6,445
Accumulated benefit obligation				71,600		65,500
Projected benefit obligation ("PBO"), ABO, and fair value of plan assets for all pension plans with an ABO in excess of plan assets
Projected benefit obligation				84,517		81,343
Accumulated benefit obligation				62,913		61,990
Fair value of plan assets				53,082		55,054
PBO, ABO, and fair value of plan assets for all pension plans with a PBO in excess of plan assets
Projected benefit obligation				84,517		81,343
Accumulated benefit obligation				62,913		61,990
Fair value of plan assets				$ 53,082		$ 55,054
Weighted-average assumptions used to determine benefit obligations
Discount rate (as a percent)				1.65%	2.10%	2.10%	1.90%
Rate of compensation increase (as a percent)				3.00%	3.00%	3.00%	3.00%
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate (as a percent)	2.10%	1.90%	3.24%
Expected long-term return on plan assets (as a percent)	3.66%	3.54%	3.79%
Rate of compensation increase (as a percent)	3.00%	3.00%	3.00%
Plan Assets:
Weighted-average asset allocations (as a percent)				100.00%	100.00%	100.00%
Total Investments in Fair Value Hierarchy				$ 61,912		$ 58,517
Total Investments	$ 58,517	$ 55,394	$ 55,394	61,912		58,517	$ 55,394
Expected contribution in next fiscal year	$ 2,500
Foreign Plans | Cash and Short Term Securities
Plan Assets:
Total Investments in Fair Value Hierarchy				$ 1,585		$ 1,907
Foreign Plans | Equity Securities
Plan Assets:
Weighted-average asset allocations (as a percent)				4.00%	4.00%	4.00%
Total Investments in Fair Value Hierarchy				$ 2,539		$ 2,258
Foreign Plans | Fixed Income Funds
Plan Assets:
Weighted-average asset allocations (as a percent)				1.00%	1.00%	1.00%
Total Investments in Fair Value Hierarchy				$ 680		$ 559
Foreign Plans | Corporate debts securities
Plan Assets:
Weighted-average asset allocations (as a percent)				3.00%	3.00%	3.00%
Total Investments in Fair Value Hierarchy				$ 1,725		$ 1,542
Foreign Plans | Investment Funds
Plan Assets:
Weighted-average asset allocations (as a percent)				89.00%	89.00%	89.00%
Target allocation (as a percent)	100.00%
Total Investments in Fair Value Hierarchy				$ 55,383		$ 52,251
Foreign Plans | Money market
Plan Assets:
Weighted-average asset allocations (as a percent)				3.00%	3.00%	3.00%
Foreign Plans | Level 1
Change in plan assets:
Fair value of plan assets at beginning of year	$ 25,712
Fair value of plan assets at end of year	27,611	25,712
Plan Assets:
Total Investments in Fair Value Hierarchy				$ 27,611		$ 25,712
Total Investments	25,712	25,712		27,611		25,712
Foreign Plans | Level 1 | Cash and Short Term Securities
Plan Assets:
Total Investments in Fair Value Hierarchy				1,585		1,907
Foreign Plans | Level 1 | Cash and Short Term Securities | EUR
Plan Assets:
Total Investments in Fair Value Hierarchy				1,585	€ 1,907
Foreign Plans | Level 1 | Equity Securities
Plan Assets:
Total Investments in Fair Value Hierarchy				2,539		2,258
Foreign Plans | Level 1 | International Equities
Plan Assets:
Total Investments in Fair Value Hierarchy				2,539		2,258
Foreign Plans | Level 1 | Fixed Income Funds
Plan Assets:
Total Investments in Fair Value Hierarchy				680		559
Foreign Plans | Level 1 | Corporate debts securities
Plan Assets:
Total Investments in Fair Value Hierarchy				1,725		1,542
Foreign Plans | Level 1 | Euro Corporate Bonds
Plan Assets:
Total Investments in Fair Value Hierarchy				1,725		1,542
Foreign Plans | Level 1 | Investment Funds
Plan Assets:
Total Investments in Fair Value Hierarchy				21,082		19,446
Foreign Plans | Level 1 | Mutual Funds in Equities
Plan Assets:
Total Investments in Fair Value Hierarchy				3,393		3,392
Foreign Plans | Level 1 | Mutual Funds in Bonds
Plan Assets:
Total Investments in Fair Value Hierarchy				17,027		15,501
Foreign Plans | Level 1 | Mutual Funds Diversified
Plan Assets:
Total Investments in Fair Value Hierarchy				662		553
Foreign Plans | Level 2
Change in plan assets:
Fair value of plan assets at beginning of year	32,805
Fair value of plan assets at end of year	34,301	32,805
Plan Assets:
Total Investments in Fair Value Hierarchy				34,301		32,805
Total Investments	$ 32,805	$ 32,805		34,301		32,805
Foreign Plans | Level 2 | Investment Funds
Plan Assets:
Total Investments in Fair Value Hierarchy				34,301		32,805
Foreign Plans | Level 2 | Mutual Funds Diversified
Plan Assets:
Total Investments in Fair Value Hierarchy				34,301		32,805
Non-qualified supplemental pension plan
Non-qualified supplemental pension plan information
Non funded liability				$ 9,600		$ 8,400

RETIREMENT AND DEFERRED COMPE58

RETIREMENT AND DEFERRED COMPENSATION PLANS (Schedule of Estimated Benefit Payments to Defined Benefit Plans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined contribution plan - Domestic Plans
Defined contribution plan
Total contributions by Company	$ 3,100	$ 3,000	$ 2,800
Defined contribution plan - Domestic Plans | Maximum
Defined contribution plan
Employer matching contribution as a percentage of salary	3.00%
Defined contribution plan - Foreign Plans
Defined contribution plan
Total contributions by Company	$ 1,900	$ 2,100	$ 2,300
Domestic Plans
Estimated benefit payments relating to defined benefit plans over the next ten years
2,017	8,156
2,018	8,471
2,019	8,717
2,020	9,407
2,021	10,145
2022 - 2026	60,105
Foreign Plans
Estimated benefit payments relating to defined benefit plans over the next ten years
2,017	1,964
2,018	1,655
2,019	2,449
2,020	3,865
2,021	2,762
2022 - 2026	$ 20,354

ACCUMULATED OTHER COMPREHENSI59

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated other comprehensive income activity
Balance at the beginning of the period	$ 1,149,411
Balance at the end of the period	1,173,950	$ 1,149,411
Foreign Currency
Accumulated other comprehensive income activity
Balance at the beginning of the period	(206,725)	(42,851)	$ 149,965
Other comprehensive income (loss) before reclassifications	(52,795)	(163,874)	(192,476)
Amounts reclassified from accumulated other comprehensive income	(368)		(340)
Net current-period other comprehensive income (loss)	(53,163)	(163,874)	(192,816)
Balance at the end of the period	(259,888)	(206,725)	(42,851)
Defined Benefit Pension Plans
Accumulated other comprehensive income activity
Balance at the beginning of the period	(55,550)	(67,097)	(40,093)
Other comprehensive income (loss) before reclassifications	(7,617)	6,715	(29,842)
Amounts reclassified from accumulated other comprehensive income	3,392	4,832	2,838
Net current-period other comprehensive income (loss)	(4,225)	11,547	(27,004)
Balance at the end of the period	(59,775)	(55,550)	(67,097)
Other
Accumulated other comprehensive income activity
Balance at the beginning of the period	(72)	(97)	(121)
Amounts reclassified from accumulated other comprehensive income	26	25	24
Net current-period other comprehensive income (loss)	26	25	24
Balance at the end of the period	(46)	(72)	(97)
Accumulated Other Comprehensive Income/(Loss)
Accumulated other comprehensive income activity
Balance at the beginning of the period	(262,347)	(110,045)	109,751
Other comprehensive income (loss) before reclassifications	(60,412)	(157,159)	(222,318)
Amounts reclassified from accumulated other comprehensive income	3,050	4,857	2,522
Net current-period other comprehensive income (loss)	(57,362)	(152,302)	(219,796)
Balance at the end of the period	$ (319,709)	$ (262,347)	$ (110,045)

ACCUMULATED OTHER COMPREHENSI60

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) (Reclassifications From Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Amount Reclassified from Accumulated Other Comprehensive Income
Interest expense									$ 35,237	$ 34,615	$ 21,029
Net loss on derivatives									(2,643)	(5,596)	(4,797)
Miscellaneous, net									(2,782)	(163)	1,966
Total before tax									(280,497)	(294,571)	(286,301)
Tax benefit									74,893	95,276	94,677
Total reclassifications for the period	$ (49,581)	$ (53,098)	$ (59,048)	$ (43,863)	$ (43,391)	$ (53,247)	$ (57,539)	$ (45,171)	(205,590)	(199,348)	(191,658)
Amount Reclassified from Accumulated Other Comprehensive Income
Amount Reclassified from Accumulated Other Comprehensive Income
Total reclassifications for the period									3,050	4,857	2,522
Defined Benefit Pension Plans | Amount Reclassified from Accumulated Other Comprehensive Income
Amount Reclassified from Accumulated Other Comprehensive Income
Amortization of net loss									4,823	7,216	4,083
Amortization of prior service cost									350	256	313
Total before tax									5,173	7,472	4,396
Tax benefit									(1,781)	(2,640)	(1,558)
Total reclassifications for the period									3,392	4,832	2,838
Foreign Currency | Amount Reclassified from Accumulated Other Comprehensive Income
Amount Reclassified from Accumulated Other Comprehensive Income
Miscellaneous, net									(368)		(340)
Total before tax									(368)		(340)
Total reclassifications for the period									(368)		(340)
Other | Treasury locks | Amount Reclassified from Accumulated Other Comprehensive Income
Amount Reclassified from Accumulated Other Comprehensive Income
Interest expense									40	39	38
Total before tax									40	39	38
Tax benefit									(14)	(14)	(14)
Total reclassifications for the period									$ 26	$ 25	$ 24

DERIVATIVE INSTRUMENTS AND HE61

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Fair Value of Derivative Instruments in the Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value of Derivative Instruments
Aggregate amount of forward exchange contracts outstanding	$ 112,600
Derivative Assets	1,612	$ 2,036
Derivative Liabilities	2,881	1,197
Derivative Contracts Not Designated as Hedging Instruments
Fair Value of Derivative Instruments
Derivative Assets	1,612	2,036
Derivative Liabilities	2,881	1,197
Derivative Contracts Not Designated as Hedging Instruments | Foreign Exchange Contracts | Prepaid and other
Fair Value of Derivative Instruments
Derivative Assets	1,612	1,924
Derivative Contracts Not Designated as Hedging Instruments | Foreign Exchange Contracts | Miscellaneous Other Assets
Fair Value of Derivative Instruments
Derivative Assets	0	112
Derivative Contracts Not Designated as Hedging Instruments | Foreign Exchange Contracts | Accounts payable and accrued liabilities
Fair Value of Derivative Instruments
Derivative Liabilities	2,881	1,152
Derivative Contracts Not Designated as Hedging Instruments | Foreign Exchange Contracts | Deferred and other non-current liabilities
Fair Value of Derivative Instruments
Derivative Liabilities	$ 0	$ 45

DERIVATIVE INSTRUMENTS AND HE62

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Effect of Derivative Instruments on the Consolidated Statements of Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Derivative instruments, gain or (loss)
Foreign Exchange Contract, Amount of Gain (Loss) Recognized in Income on Derivative, not designated as hedging instruments	$ (2,560)	$ 1,704
Foreign Exchange Contracts
Derivative instruments, gain or (loss)
Foreign Exchange Contract, Amount of Gain (Loss) Recognized in Income on Derivative, not designated as hedging instruments	$ (2,560)	$ 1,704

DERIVATIVE INSTRUMENTS AND HE63

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Schedule of Derivative Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Derivative Assets
Gross Amount	$ 1,612	$ 2,036
Net Amounts Presented in the Statement of Financial Position	1,612	2,036
Net Amount	1,612	2,036
Derivative Liabilities
Gross Amount	2,881	1,197
Net Amounts Presented in the Statement of Financial Position	2,881	1,197
Net Amount	$ 2,881	$ 1,197

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Liabilities
Fair value of long-term obligations	$ 739,000	$ 760,000
Assets and liabilities measured at fair value on recurring basis | Total
Assets
Forward exchange contracts, assets	1,612	2,036
Total assets at fair value	1,612	2,036
Liabilities
Forward exchange contracts, liabilities	2,881	1,197
Total liabilities at fair value	2,881	1,197
Assets and liabilities measured at fair value on recurring basis | Level 2
Assets
Forward exchange contracts, assets	1,612	2,036
Total assets at fair value	1,612	2,036
Liabilities
Forward exchange contracts, liabilities	2,881	1,197
Total liabilities at fair value	$ 2,881	$ 1,197

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details)	Dec. 31, 2016USD ($)
Indemnification agreements
Commitments and contingencies
Liabilities recorded under indemnification agreements	$ 0

STOCK REPURCHASE PROGRAM (Detai

STOCK REPURCHASE PROGRAM (Details) - USD ($) shares in Thousands, $ in Thousands	Sep. 25, 2015	Dec. 17, 2014	Nov. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Oct. 20, 2016	Dec. 16, 2014
Stock repurchase program
Share repurchases authorized amount								$ 350,000
Aggregate amount of share repurchases (in dollars)							$ 340,517
Common stock repurchased and retired (in shares)			190	1,700
Common stock repurchased and retired			$ 13,900	$ 131,371	$ 13,887
Remaining authorized repurchase amount				$ 303,400
ASR Program
Stock repurchase program
Share repurchases authorized amount									$ 250,000
Aggregate amount of share repurchases (in dollars)		$ 250,000
Number of shares repurchased	719	3,100				3,800

CAPITAL STOCK (Details)

CAPITAL STOCK (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Nov. 30, 2015	Sep. 30, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Common stock and treasury stock and the share activity
Authorized common stock (in shares)			199,000,000
Balance at the beginning of the year (in shares)			66,700,000
Common stock repurchased and retired	(190,000)		(1,700,000)
Stock retirements		(20,000,000)
Balance at the end of the year (in shares)			66,000,000	66,700,000
Cash dividends paid on the common stock			$ 76,659	$ 71,247	$ 71,072
Common Stock Par Value
Common stock and treasury stock and the share activity
Balance at the beginning of the year (in shares)			66,685,378	86,267,467
Restricted stock vestings (in shares)			30,228	13,331
Common stock repurchased and retired			(1,726,678)	(190,350)
Stock retirements				(20,718,866)
Balance at the end of the year (in shares)			66,012,843	66,685,378	86,267,467
Common Stock Par Value | Stock Awards Plans
Common stock and treasury stock and the share activity
Stock option exercises (in shares)			1,001,748	1,248,629
Common Stock Par Value | Director Stock Option Plans
Common stock and treasury stock and the share activity
Stock option exercises (in shares)			22,167	65,167
Treasury Stock
Common stock and treasury stock and the share activity
Balance at the beginning of the year (in shares)			4,168,489	24,336,367
Common stock repurchases (in shares)			0	718,866
Stock retirements				(20,718,866)
Balance at the end of the year (in shares)			3,865,863	4,168,489	24,336,367
Treasury Stock | Stock Awards Plans
Common stock and treasury stock and the share activity
Stock option exercises (in shares)			(302,626)	(167,878)

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
STOCK-BASED COMPENSATION
Proceeds from stock option exercises	$ 53,453	$ 64,003	$ 36,015
Stock options
STOCK-BASED COMPENSATION
Award vesting period	3 years
Expiration period	10 years
Compensation expense	$ 16,900	17,900	18,000
Compensation expense, net of tax	11,300	11,600	11,700
Income tax benefit related to compensation expense	5,600	6,300	6,300
Fair value of shares vested	17,200	16,100	14,100
Proceeds from stock option exercises	53,500
Actual tax benefit realized for the tax deduction from option exercises	13,600
Unrecognized compensation cost expected to be recognized in future periods	$ 12,100
Weighted-average period over which compensation cost is expected to be recognized	1 year 4 months 24 days
Stock options | Selling, research & development and administrative expenses
STOCK-BASED COMPENSATION
Compensation expense	$ 15,000	15,700	16,000
Restricted stock units
STOCK-BASED COMPENSATION
Compensation expense	3,000	2,700	1,800
Unrecognized compensation cost expected to be recognized in future periods	$ 1,100
Weighted-average period over which compensation cost is expected to be recognized	1 year 2 months 12 days
Weighted-Average Grant-Date Fair Value
Fair value of units vested	$ 1,900	757	614
Intrinsic value of units vested	$ 2,300	$ 877	$ 761
Stock Awards Plans | Stock options
STOCK-BASED COMPENSATION
Weighted-average fair value of stock options granted (in dollars per share)	$ 10.59	$ 12.83	$ 14.82
Assumptions used to estimate fair value of stock options granted
Dividend Yield (as a percent)	1.80%	1.70%	1.70%
Expected Stock Price Volatility (as a percent)	16.90%	21.90%	22.20%
Risk-free Interest Rate (as a percent)	1.60%	1.60%	2.30%
Expected Life of Option (years)	6 years 8 months 12 days	6 years 10 months 24 days	6 years 10 months 24 days
Stock options activity
Outstanding at the beginning of the period (in shares)	8,032,030
Granted (in shares)	1,481,180
Exercised (in shares)	(1,304,374)
Forfeited or expired (in shares)	(138,392)
Outstanding at the end of the period (in shares)	8,070,444	8,032,030
Exercisable at the end of the period (in shares)	5,317,690
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 51.44
Granted (in dollars per share)	71.17
Exercised (in dollars per share)	42.20
Forfeited or expired (in dollars per share)	62.49
Outstanding at the end of the period (in dollars per share)	56.36	$ 51.44
Exercisable at the end of the period (in dollars per share)	$ 50.06
Weighted-Average Remaining Contractual Term (Years):
Outstanding at the end of the period	6 years 1 month 6 days
Exercisable at the end of the period	4 years 10 months 24 days
Aggregate Intrinsic Value:
Outstanding at the end of the period	$ 137,933
Exercisable at the end of the period	124,425
Intrinsic Value of Options Exercised	$ 44,972	$ 43,041	$ 33,059
Stock Awards Plans | Restricted stock units
STOCK-BASED COMPENSATION
Award vesting period	3 years
Restricted stock unit activity
Balance at the beginning of the period (in shares)	66,376,000
Granted (in shares)	21,754,000
Vested (in shares)	(11,371,000)
Forfeited (in shares)	(4,632,000)
Balance at the end of the period (in shares)	72,127,000	66,376,000
Weighted-Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 66.61
Granted (in dollars per share)	73.45
Vested (in dollars per share)	61.96
Forfeited (in dollars per share)	68
Nonvested at the end of the period (in dollars per share)	$ 69.31	$ 66.61
Director Stock Option Plans | Stock options
STOCK-BASED COMPENSATION
Weighted-average fair value of stock options granted (in dollars per share)			$ 14.07
Assumptions used to estimate fair value of stock options granted
Dividend Yield (as a percent)			1.80%
Expected Stock Price Volatility (as a percent)			22.20%
Risk-free Interest Rate (as a percent)			2.20%
Expected Life of Option (years)			6 years 10 months 24 days
Stock options activity
Outstanding at the beginning of the period (in shares)	303,501
Exercised (in shares)	(22,167)
Outstanding at the end of the period (in shares)	281,334	303,501
Exercisable at the end of the period (in shares)	255,998
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 56
Exercised (in dollars per share)	50.37
Outstanding at the end of the period (in dollars per share)	56.45	$ 56
Exercisable at the end of the period (in dollars per share)	$ 55.44
Weighted-Average Remaining Contractual Term (Years):
Outstanding at the end of the period	5 years 10 months 24 days
Exercisable at the end of the period	5 years 8 months 12 days
Aggregate Intrinsic Value:
Outstanding at the end of the period	$ 4,783
Exercisable at the end of the period	4,610
Intrinsic Value of Options Exercised	$ 548	$ 1,478	$ 741
Director Stock Option Plans | Restricted stock units
Restricted stock unit activity
Balance at the beginning of the period (in shares)	18,857,000
Granted (in shares)	15,745,000
Vested (in shares)	(18,857,000)
Balance at the end of the period (in shares)	15,745,000	18,857,000
Weighted-Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 63.10
Granted (in dollars per share)	75.56
Vested (in dollars per share)	63.10
Nonvested at the end of the period (in dollars per share)	$ 75.56	$ 63.10
New long-term incentive program
STOCK-BASED COMPENSATION
Compensation expense	$ (1,000)	$ 1,200	$ 530
Performance period used to measure cumulative total shareholder return of common stock	3 years
Expected total expense related to program over the performance period	$ 1,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income (Numerator)
Income available to common stockholders (in dollars)	$ 49,581	$ 53,098	$ 59,048	$ 43,863	$ 43,391	$ 53,247	$ 57,539	$ 45,171	$ 205,590	$ 199,348	$ 191,658
Shares (Denominator)
Basic (in shares)	62,586	62,858	63,053	62,722	62,461	62,886	62,697	62,292	62,804	62,585	65,009
Total average equivalent shares	64,220	64,690	64,785	65,063	64,266	64,454	64,276	64,494	64,849	64,492	67,292
Per Share Amount
Net income per share, basic (in dollars per share)	$ 0.79	$ 0.84	$ 0.94	$ 0.70	$ 0.69	$ 0.85	$ 0.92	$ 0.73	$ 3.27	$ 3.19	$ 2.95
Net income per share, diluted (in dollars per share)	$ 0.77	$ 0.82	$ 0.91	$ 0.67	$ 0.68	$ 0.83	$ 0.90	$ 0.70	$ 3.17	$ 3.09	$ 2.85
Stock options
Shares (Denominator)
Effect of dilutive stock based compensation (in shares)									1,988	1,864	2,248
Restricted stock units
Shares (Denominator)
Effect of dilutive stock based compensation (in shares)									57	43	35

SEGMENT INFORMATION (Summary of

SEGMENT INFORMATION (Summary of Reportable Segments) (Details) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Financial information regarding the Company's reportable segments
Number of reportable segments | segment									3
Net Sales	$ 538,868	$ 589,729	$ 619,999	$ 582,338	$ 546,773	$ 586,290	$ 594,275	$ 589,811	$ 2,330,934	$ 2,317,149	$ 2,597,809
Interest expense									(35,237)	(34,615)	(21,029)
Interest income									2,643	5,596	4,797
Income before Income Taxes									280,497	294,571	286,301
Depreciation and Amortization									154,802	138,893	152,218
Capital Expenditures									128,986	149,323	161,940
Total Assets	2,606,785				2,437,045				2,606,785	2,437,045	2,437,190
Beauty + Home
Financial information regarding the Company's reportable segments
Net Sales									1,261,086	1,272,946	1,498,297
Income before interest and taxes									100,569	98,707	98,368
Depreciation and Amortization									84,273	75,289	85,469
Capital Expenditures									75,165	61,156	76,544
Total Assets	1,270,858				1,086,482				1,270,858	1,086,482	1,193,370
Pharma
Financial information regarding the Company's reportable segments
Net Sales									741,473	712,220	751,226
Income before interest and taxes									219,039	210,509	204,698
Depreciation and Amortization									39,776	36,008	41,690
Capital Expenditures									58,970	48,133	37,455
Total Assets	831,569				591,500				831,569	591,500	619,304
Food + Beverage
Financial information regarding the Company's reportable segments
Net Sales									328,375	331,983	348,286
Income before interest and taxes									37,697	42,731	37,728
Depreciation and Amortization									23,891	21,347	20,179
Capital Expenditures									21,533	25,337	32,148
Total Assets	259,282				250,369				259,282	250,369	263,742
Corporate & Other
Financial information regarding the Company's reportable segments
Income before interest and taxes									(44,214)	(28,357)	(38,261)
Depreciation and Amortization									6,862	6,249	4,880
Capital Expenditures									17,490	23,149	27,299
Transfer of Corporate Technology Expenditures									(44,172)	(8,452)	(11,506)
Total Assets	$ 245,076				$ 508,694				245,076	508,694	360,774
Operating segment
Financial information regarding the Company's reportable segments
Net Sales									2,349,855	2,339,130	2,622,967
Operating segment | Beauty + Home
Financial information regarding the Company's reportable segments
Net Sales									1,278,151	1,291,545	1,522,444
Operating segment | Pharma
Financial information regarding the Company's reportable segments
Net Sales									741,473	712,220	751,226
Operating segment | Food + Beverage
Financial information regarding the Company's reportable segments
Net Sales									330,231	335,365	349,297
Intersegment
Financial information regarding the Company's reportable segments
Net Sales									(18,921)	(21,981)	(25,158)
Intersegment | Beauty + Home
Financial information regarding the Company's reportable segments
Net Sales									(17,065)	(18,599)	(24,147)
Intersegment | Food + Beverage
Financial information regarding the Company's reportable segments
Net Sales									$ (1,856)	$ (3,382)	$ (1,011)

SEGMENT INFORMATION (Summary 71

SEGMENT INFORMATION (Summary of Net Sales and Long-Lived Assets By Geographic Area) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net sales and long-lived asset information by geographic area
Net Sales	$ 538,868	$ 589,729	$ 619,999	$ 582,338	$ 546,773	$ 586,290	$ 594,275	$ 589,811	$ 2,330,934	$ 2,317,149	$ 2,597,809
Plant, Property & Equipment	784,321				765,383				784,321	765,383	811,655
United States
Net sales and long-lived asset information by geographic area
Net Sales									619,814	633,522	642,060
Plant, Property & Equipment	175,578				175,367				175,578	175,367	192,265
Total Europe
Net sales and long-lived asset information by geographic area
Net Sales									1,329,398	1,287,309	1,506,992
Plant, Property & Equipment	488,977				440,266				488,977	440,266	471,426
France
Net sales and long-lived asset information by geographic area
Net Sales									695,727	712,470	850,817
Plant, Property & Equipment	228,082				216,966				228,082	216,966	228,049
Germany
Net sales and long-lived asset information by geographic area
Net Sales									386,553	326,782	363,898
Plant, Property & Equipment	154,588				125,186				154,588	125,186	136,491
Italy
Net sales and long-lived asset information by geographic area
Net Sales									126,890	125,511	141,808
Plant, Property & Equipment	51,732				43,631				51,732	43,631	48,940
Other Europe
Net sales and long-lived asset information by geographic area
Net Sales									120,228	122,546	150,469
Plant, Property & Equipment	54,575				54,483				54,575	54,483	57,946
Other Foreign Countries
Net sales and long-lived asset information by geographic area
Net Sales									381,722	396,318	448,757
Plant, Property & Equipment	$ 119,766				$ 149,750				$ 119,766	$ 149,750	$ 147,964

SEGMENT INFORMATION (Summary 72

SEGMENT INFORMATION (Summary of Net Sales and Long-Lived Assets By Product Information) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Net sales by product information
Net Sales	$ 538,868	$ 589,729	$ 619,999	$ 582,338	$ 546,773	$ 586,290	$ 594,275	$ 589,811	$ 2,330,934	$ 2,317,149	$ 2,597,809
Pumps
Net sales by product information
Net Sales									1,028,720	991,583	1,111,536
Closures
Net sales by product information
Net Sales									525,421	558,212	611,144
Valves
Net sales by product information
Net Sales									288,563	306,367	350,106
Injectables
Net sales by product information
Net Sales									150,785	130,503	143,631
Other
Net sales by product information
Net Sales									$ 337,445	$ 330,484	$ 381,392

INSURANCE SETTLEMENT RECEIVAB73

INSURANCE SETTLEMENT RECEIVABLE (Details) $ in Thousands	12 Months Ended	24 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Brazil
INSURANCE SETTLEMENT RECEIVABLE
Gain on insurance recovery	$ 559	$ 3,500
Beauty + Home | France
INSURANCE SETTLEMENT RECEIVABLE
Costs related to fire	10,700
Advances on insurance proceeds received	7,100	7,100
Insurance receivable	800	800
Gain contingencies recognized	0	$ 0
Net expenses related to fire	$ 2,700

ACQUISITIONS (Details)

ACQUISITIONS (Details) $ in Thousands	Feb. 29, 2016USD ($)item	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Acquisitions
Acquisition of business, net of cash received		$ 202,985
Assets
Goodwill		407,522	$ 310,240	$ 329,741
Mega Airless
Acquisitions
Acquisition of business, net of cash received	$ 203,000
Cost of acquired entity	223,200
Sales of acquiree during the reporting period		59,400
Pretax income of acquiree during the reporting period		4,100
Acquisition costs		5,600
Nonrecurring expense related to the fair value adjustment to acquisition-date inventory (before tax)		$ 2,600
Assets
Cash and equivalents	20,197
Accounts receivable	8,275
Inventories	8,373
Prepaid and other	378
Property, plant and equipment	47,768
Goodwill	105,561
Intangible assets	72,106
Other miscellaneous assets	8
Liabilities
Current maturities of long-term obligations	319
Accounts payable and accrued liabilities	7,398
Long-term obligations	13,402
Deferred income taxes	18,366
Net assets acquired	$ 223,181
Germany | Mega Airless
Acquisitions
Number of manufacturing plants acquired | item	2
United States | Mega Airless
Acquisitions
Number of manufacturing plants acquired | item	1
Beauty + Home | Mega Airless
Assets
Goodwill	$ 49,800
Pharma | Mega Airless
Assets
Goodwill	$ 55,800

ACQUISITIONS (Acquired Intangib

ACQUISITIONS (Acquired Intangibles) (Details) - Mega Airless $ in Thousands	Feb. 29, 2016USD ($)
Acquired finite-lived intangible assets
Estimated Fair Value of Asset	$ 72,106
Customer relationships
Acquired finite-lived intangible assets
Weighted average useful life	11 years
Estimated Fair Value of Asset	$ 57,120
Technology
Acquired finite-lived intangible assets
Weighted average useful life	15 years
Estimated Fair Value of Asset	$ 10,838
Trademark
Acquired finite-lived intangible assets
Weighted average useful life	4 years
Estimated Fair Value of Asset	$ 4,148

ACQUISITIONS (Pro Forma) (Detai

ACQUISITIONS (Pro Forma) (Details) - Mega Airless - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Unaudited pro forma financial information
Net Sales	$ 2,340	$ 2,386
Net Income Attributable to AptarGroup, Inc.	$ 213	$ 194
Net Income per common share - basic	$ 3.39	$ 3.11
Net Income per common share - diluted	$ 3.29	$ 3.01
Acquisition Related Costs
Acquisitions
Transaction costs excluded from supplemental pro forma earnings (after tax)	$ 4.2
Transaction costs excluded from supplemental pro forma earnings (before tax)	5.6
Fair Value Adjustment
Acquisitions
Nonrecurring expense related to the fair value adjustment to acquisition-date inventory excluded from supplemental pro forma earnings (after tax)	1.7
Nonrecurring expense related to the fair value adjustment to acquisition-date inventory excluded from supplemental pro form earnings (before tax)	$ 2.6

QUARTERLY DATA (UNAUDITED) (Det

QUARTERLY DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
QUARTERLY DATA (UNAUDITED)
Net Sales	$ 538,868	$ 589,729	$ 619,999	$ 582,338	$ 546,773	$ 586,290	$ 594,275	$ 589,811	$ 2,330,934	$ 2,317,149	$ 2,597,809
Gross profit	149,576	171,574	192,495	173,734	152,584	170,498	185,917	170,853	687,379	679,852
Net Income	49,587	53,100	59,051	43,866	43,393	53,262	57,541	45,099	205,604	199,295	191,624
Net Income Attributable to AptarGroup, Inc.	$ 49,581	$ 53,098	$ 59,048	$ 43,863	$ 43,391	$ 53,247	$ 57,539	$ 45,171	$ 205,590	$ 199,348	$ 191,658
Net Income Attributable to AptarGroup, Inc. Per Common Share:
Basic (in dollars per share)	$ 0.79	$ 0.84	$ 0.94	$ 0.70	$ 0.69	$ 0.85	$ 0.92	$ 0.73	$ 3.27	$ 3.19	$ 2.95
Diluted (in dollars per share)	0.77	0.82	0.91	0.67	0.68	0.83	0.90	0.70	3.17	3.09	$ 2.85
Dividends per Common Share (in dollars per share)	0.32	0.30	0.30	0.30	0.30	0.28	0.28	0.28	1.22	1.14
Stock price high (in dollars per share)	78.10	81.50	80.36	79.04	75.96	70.34	66.31	67.68	81.50	75.96
Stock price low (in dollars per share)	$ 70.32	$ 75.01	$ 74.16	$ 66.33	$ 65.79	$ 60.73	$ 61.98	$ 61.39	$ 66.33	$ 60.73
Average number of shares outstanding:
Basic (in shares)	62,586	62,858	63,053	62,722	62,461	62,886	62,697	62,292	62,804	62,585	65,009
Diluted (in shares)	64,220	64,690	64,785	65,063	64,266	64,454	64,276	64,494	64,849	64,492	67,292

SCHEDULE II - VALUATION AND Q78

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Allowance for doubtful accounts
VALUATION AND QUALIFYING ACCOUNTS
Balance at the Beginning of the Period	$ 2,710	$ 4,251	$ 4,416
Charged to Costs and Expenses	561	(813)	741
Deductions from Reserve	(282)	(728)	(906)
Balance at the End of the Period	2,989	2,710	4,251
Deferred tax valuation allowance
VALUATION AND QUALIFYING ACCOUNTS
Balance at the Beginning of the Period	6,125	7,734	4,840
Charged to Costs and Expenses	535	564	3,396
Deductions from Reserve	(2,590)	(2,173)	(502)
Balance at the End of the Period	$ 4,070	$ 6,125	$ 7,734