AptarGroup (ATR) 10-Q 1 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 24, 2017
Document and Entity Information
Entity Registrant Name	APTARGROUP INC
Entity Central Index Key	896,622
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		62,428,755
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Net Sales	$ 601,316	$ 582,338
Operating Expenses:
Cost of sales (exclusive of depreciation and amortization shown below)	384,932	374,203
Selling, research & development and administrative	101,516	103,015
Depreciation and amortization	37,331	35,887
Total Operating Expenses	523,779	513,105
Operating Income	77,537	69,233
Other (Expense) Income:
Interest expense	(8,262)	(8,591)
Interest income	330	584
Equity in results of affiliates	(48)	(121)
Miscellaneous, net	(77)	(1,260)
Total Other Income (Expense)	(8,057)	(9,388)
Income before Income Taxes	69,480	59,845
Provision for Income Taxes	17,675	15,979
Net Income	51,805	43,866
Net (Income) Loss Attributable to Noncontrolling Interests	15	(3)
Net Income Attributable to AptarGroup, Inc.	$ 51,820	$ 43,863
Net Income Attributable to AptarGroup, Inc. Per Common Share:
Basic (in dollars per share)	$ 0.83	$ 0.70
Diluted (in dollars per share)	$ 0.81	$ 0.67
Average number of shares outstanding:
Basic (in shares)	62,355	62,722
Diluted (in shares)	64,234	65,063
Dividends per Common Share (in dollars per share)	$ 0.32	$ 0.30

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net Income	$ 51,805	$ 43,866
Other Comprehensive Income (Loss):
Foreign currency translation adjustments	23,186	65,172
Changes in treasury locks, net of tax	7	7
Defined benefit pension plan, net of tax
Amortization of prior service cost included in net income, net of tax	67	57
Amortization of net loss included in net income, net of tax	812	776
Total defined benefit pension plan, net of tax	879	833
Total other comprehensive income (loss)	24,072	66,012
Comprehensive Income (Loss)	75,877	109,878
Comprehensive (Income) Loss Attributable to Noncontrolling Interests	13	(4)
Comprehensive Income Attributable to AptarGroup, Inc.	$ 75,890	$ 109,874

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and equivalents	$ 284,727	$ 466,287
Accounts and notes receivable, less allowance for doubtful accounts of $3,193 in 2017 and $2,989 in 2016	474,957	433,127
Inventories	309,592	296,914
Prepaid and other	87,458	73,842
Total Current Assets	1,156,734	1,270,170
Property, Plant and Equipment:
Buildings and improvements	378,474	368,260
Machinery and equipment	1,983,899	1,938,352
Property, Plant and Equipment, Gross	2,362,373	2,306,612
Less: Accumulated depreciation	(1,587,690)	(1,545,384)
Property, Plant and Equipment, Net	774,683	761,228
Land	23,947	23,093
Total Property, Plant and Equipment	798,630	784,321
Other Assets:
Investments in affiliates	9,262	4,241
Goodwill	411,272	407,522
Intangible assets	92,991	94,489
Miscellaneous	54,750	46,042
Total Other Assets	568,275	552,294
Total Assets	2,523,639	2,606,785
Current Liabilities:
Notes payable	5,680	169,213
Current maturities of long-term obligations, net of unamortized debt issuance costs	4,258	4,603
Accounts payable and accrued liabilities	402,993	369,139
Total Current Liabilities	412,931	542,955
Long-term obligations, net of unamortized debt issuance costs	771,291	772,737
Deferred Liabilities and Other:
Deferred income taxes	16,269	16,803
Retirement and deferred compensation plans	77,107	94,545
Deferred and other non-current liabilities	5,424	5,503
Commitments and contingencies
Total Deferred Liabilities and Other	98,800	116,851
AptarGroup, Inc. stockholders' equity
Common stock, $.01 par value, 199 million shares authorized, 66.2 and 66.0 million shares issued as of March 31, 2017 and December 31, 2016, respectively	662	660
Capital in excess of par value	563,657	546,682
Retained earnings	1,215,037	1,197,234
Accumulated other comprehensive (loss)	(295,639)	(319,709)
Less treasury stock at cost, 3.7 and 3.9 million shares as of March 31, 2017 and December 31, 2016, respectively	(243,379)	(250,917)
Total AptarGroup, Inc. Stockholders' Equity	1,240,338	1,173,950
Noncontrolling interests in subsidiaries	279	292
Total Stockholders' Equity	1,240,617	1,174,242
Total Liabilities and Stockholders' Equity	$ 2,523,639	$ 2,606,785

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands, shares in Millions	Mar. 31, 2017	Dec. 31, 2016
CONDENSED CONSOLIDATED BALANCE SHEETS
Accounts and notes receivable, allowance for doubtful accounts (in dollars)	$ 3,193	$ 2,989
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	199	199
Common stock, shares issued	66.2	66
Treasury stock, shares	3.7	3.9

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, 2015	$ 1,185,681	$ (262,347)	$ 667	$ (270,052)	$ 495,462	$ 295	$ 1,149,706
Increase (Decrease) in Stockholders' Equity
Net Income	43,863					3	43,866
Foreign currency translation adjustments		65,171				1	65,172
Changes in unrecognized pension gains/losses and related amortization, net of tax		833					833
Changes in treasury locks, net of tax		7					7
Stock awards and option exercises			3	10,533	24,945		35,481
Cash dividends declared on common stock	(18,770)						(18,770)
Common stock repurchased and retired	(7,860)		(1)		(780)		(8,641)
Balance at Mar. 31, 2016	1,202,914	(196,336)	669	(259,519)	519,627	299	1,267,654
Balance at Dec. 31, 2016	1,197,234	(319,709)	660	(250,917)	546,682	292	1,174,242
Increase (Decrease) in Stockholders' Equity
Net Income	51,820					(15)	51,805
Foreign currency translation adjustments		23,184				2	23,186
Changes in unrecognized pension gains/losses and related amortization, net of tax		879					879
Changes in treasury locks, net of tax		7					7
Stock awards and option exercises			4	7,538	18,912		26,454
Cash dividends declared on common stock	(19,937)						(19,937)
Common stock repurchased and retired	(14,080)		(2)		(1,937)		(16,019)
Balance at Mar. 31, 2017	$ 1,215,037	$ (295,639)	$ 662	$ (243,379)	$ 563,657	$ 279	$ 1,240,617

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows from Operating Activities:
Net income	$ 51,805	$ 43,866
Adjustments to reconcile net income to net cash provided by operations:
Depreciation	34,902	34,401
Amortization	2,429	1,486
Stock based compensation	7,748	10,104
Provision for doubtful accounts	147	13
Deferred income taxes	(2,492)	(867)
Defined benefit plan expense	4,239	4,194
Equity in results of affiliates	48	121
Changes in balance sheet items, excluding effects from foreign currency adjustments:
Accounts and other receivables	(35,865)	(70,863)
Inventories	(7,913)	(1,792)
Prepaid and other current assets	(13,320)	(14,646)
Accounts payable and accrued liabilities	26,269	11,362
Income taxes payable	1,981	(737)
Retirement and deferred compensation plan liabilities	(21,272)	(15,151)
Other changes, net	(7,733)	10,386
Net Cash Provided by Operations	40,973	11,877
Cash Flows from Investing Activities:
Capital expenditures	(34,848)	(24,218)
Proceeds from sale of property and equipment, including insurance proceeds	989	1,234
Maturity of short-term investments		29,485
Acquisition of business, net of cash acquired		(202,985)
Acquisition of intangible assets		(2,514)
Investment in unconsolidated affiliate	(5,000)
Notes receivable, net	445	319
Net Cash Used by Investing Activities	(38,414)	(198,679)
Cash Flows from Financing Activities:
Proceeds from (repayments of) notes payable	(163,665)	75,180
Proceeds from long-term obligations		101
Repayments of long-term obligations	(2,268)	(1,047)
Dividends paid	(19,937)	(18,770)
Proceeds from stock option exercises	15,908	20,960
Common stock repurchased and retired	(16,019)	(8,641)
Excess tax benefit from exercise of stock options		3,764
Net Cash (Used) Provided by Financing Activities	(185,981)	71,547
Effect of Exchange Rate Changes on Cash	1,862	11,326
Net (Decrease) Increase in Cash and Equivalents	(181,560)	(103,929)
Cash and Equivalents at Beginning of Period	466,287	489,901
Cash and Equivalents at End of Period	$ 284,727	$ 385,972

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The accompanying Unaudited Condensed 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. In the opinion of management, the Unaudited Condensed Consolidated Financial Statements include all normal recurring adjustments necessary for a fair statement of consolidated financial position, results of operations, comprehensive income, changes in equity and cash flows for the interim periods presented. The accompanying Unaudited Condensed Consolidated Financial Statements have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading. Also, certain financial position data included herein was derived from the Audited Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 but does not include all disclosures required by U.S. GAAP. Accordingly, these Unaudited Condensed Consolidated Financial Statements and related notes should be read in conjunction with the Audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. The results of operations of any interim period are not necessarily indicative of the results that may be expected for the year. 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 (“ASUs”) to the FASB’s Accounting Standards Codification. 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 continue to evaluate 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 reviews performed to date, we continue to anticipate adopting the full retrospective transition method for implementing this guidance on the standard’s effective date. In July 2015, the FASB issued new guidance for simplifying the measurement of inventory. The core principle of the guidance is that an entity should measure inventory at the lower of cost and net realizable value. This standard is effective for annual reporting periods beginning after December 15, 2016. The Company has adopted the requirements of the standard and has determined that the impact is not material to our current year financial statements. In March 2016, the FASB issued guidance that eliminates the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for the equity method. The guidance requires that an equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The new standard is effective for fiscal years and interim periods beginning after December 15, 2016. The adoption of the new rules did not have an impact on our financial statements. In March 2016, the FASB issued guidance that changes the accounting for certain aspects of share-based payments to employees. The guidance requires the recognition of the income tax effects of awards in the income statement when the awards vest or are settled, thus eliminating additional paid in capital pools. The guidance also allows for the employer to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting. In addition, the guidance allows for a policy election to account for forfeitures as they occur rather than on an estimated basis. The new standard is effective for fiscal years and interim periods beginning after December 15, 2016. The Company has prospectively adopted the standard resulting in $2.7 million of additional tax deductions that would have been previously recorded in stockholders’ equity now being reported as a reduction in tax expense for the quarter ended March 31, 2017. The amount of excess tax benefits and deficiencies recognized in the provision for income taxes will fluctuate from period to period based on the price of the Company’s stock, the volume of share-based instruments settled or vested, and the value assigned to share-based instruments under U.S. GAAP. We have also prospectively adopted the standard for the presentation of the condensed consolidated statements of cash flows. The impact of excess tax benefits from exercise of stock options is now shown within cash flows from operating activities instead of cash flows from financing activities. In addition, the Company has elected to continue its current practice of estimating expected forfeitures. 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. RETIREMENT OF COMMON STOCK During the first quarter of 2017 and 2016, the Company repurchased and immediately retired 210 thousand and 113 thousand shares of common stock, respectively. Common stock was reduced by the number of shares retired at $0.01 par value per share. The excess of purchase price over par value may be charged entirely to retained earnings or may be 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. INCOME TAXES The Company computes taxes on income in accordance with the tax rules and regulations of the many taxing authorities where income is earned. The income tax rates imposed by these taxing authorities may vary substantially. Taxable income may differ from pre-tax income for financial accounting purposes. To the extent that these differences create differences between the tax basis of an asset or liability and our reported amount in the financial statements, an appropriate provision for deferred income taxes is made. In making the 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 our 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. During 2016, the Company decided to repatriate a portion of our 2016 and 2017 foreign earnings. In the first quarter of 2017, the Company repatriated $263 million, most of which was used to reduce existing debt levels and fund stock repurchases. To better balance our capital structure, the Company is also planning to repatriate an additional $750 million of earnings previously designated as indefinitely reinvested, and therefore has removed the indefinite reinvestment assertion on such amounts. There are no significant tax consequences expected from either repatriation due to the amount of tax credits associated with the repatriation under current U.S. tax law. The Company maintains its assertion that the approximately $550 million of remaining foreign earnings are permanently reinvested. As such, the Company does not provide for taxes on these earnings. 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 4 of the Unaudited Notes to the Condensed Consolidated Financial Statements for more information.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2017
INVENTORIES
INVENTORIES	NOTE 2 - INVENTORIES Inventories, by component, consisted of: March 31, December 31, Raw materials $ 101,195 $ 98,014 Work in process 91,029 91,646 Finished goods 117,368 107,254 Total $ 309,592 $ 296,914

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2017
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 3 – GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill since December 31, 2016 are as follows by reporting segment: Beauty + Food + Corporate Home Pharma Beverage & Other Total Goodwill $ 211,371 $ 180,050 $ 16,101 $ 1,615 $ 409,137 Accumulated impairment losses — — — (1,615) (1,615) Balance as of December 31, 2016 $ 211,371 $ 180,050 $ 16,101 $ — $ 407,522 Foreign currency exchange effects 1,558 2,118 74 — 3,750 Goodwill $ 212,929 $ 182,168 $ 16,175 $ 1,615 $ 412,887 Accumulated impairment losses — — — (1,615) (1,615) Balance as of March 31, 2017 $ 212,929 $ 182,168 $ 16,175 $ — $ 411,272 The table below shows a summary of intangible assets as of March 31, 2017 and December 31, 2016. March 31, 2017 December 31, 2016 Weighted Average Gross Gross Amortization Period Carrying Accumulated Net Carrying Accumulated Net (Years) Amount Amortization Value Amount Amortization Value Amortized intangible assets: Patents 0.2 $ 6,946 $ (6,928) $ 18 $ 6,859 $ (6,839) $ 20 Acquired technology 14.9 42,263 (10,874) 31,389 41,731 (10,040) 31,691 Customer relationships 11.8 63,542 (8,144) 55,398 63,006 (6,696) 56,310 License agreements and other 8.0 18,399 (12,213) 6,186 18,516 (12,048) 6,468 Total intangible assets 11.7 $ 131,150 $ (38,159) $ 92,991 $ 130,112 $ (35,623) $ 94,489 Aggregate amortization expense for the intangible assets above for the quarters ended March 31, 2017 and 2016 was $2,429 and $1,486, respectively. Future estimated amortization expense for the years ending December 31 is as follows: 2017 $ 7,334 (remaining estimated amortization for 2017) 2018 9,755 2019 9,587 2020 8,476 2021 and thereafter 57,839 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 March 31, 2017.

INCOME TAX UNCERTAINTIES

INCOME TAX UNCERTAINTIES	3 Months Ended
	Mar. 31, 2017
INCOME TAX UNCERTAINTIES
INCOME TAX UNCERTAINTIES	NOTE 4 — INCOME TAX UNCERTAINTIES The Company had approximately $6.5 and $6.4 million recorded for income tax uncertainties as of March 31, 2017 and December 31, 2016, respectively. The increase is attributable to changes in existing tax positions as well as currency fluctuations. The uncertain amounts, if recognized, that would impact the effective tax rate are $6.5 and $6.4 million, respectively. The Company estimates that it is reasonably possible that the liability for uncertain tax positions will decrease by 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.

LONG-TERM OBLIGATIONS

LONG-TERM OBLIGATIONS	3 Months Ended
	Mar. 31, 2017
LONG-TERM OBLIGATIONS
LONG-TERM OBLIGATIONS	NOTE 5 – LONG –TERM OBLIGATIONS At March 31, 2017, 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 $ 16,616 $ — $ 16,616 Senior unsecured notes 6.0%, due in 2018 75,000 30 74,970 Senior unsecured notes 3.8%, due in 2020 84,000 113 83,887 Senior unsecured notes 3.2%, due in 2022 75,000 132 74,868 Senior unsecured notes 3.5%, due in 2023 125,000 247 124,753 Senior unsecured notes 3.4%, due in 2024 50,000 101 49,899 Senior unsecured notes 3.5%, due in 2024 100,000 247 99,753 Senior unsecured notes 3.6%, due in 2025 125,000 261 124,739 Senior unsecured notes 3.6%, due in 2026 125,000 261 124,739 Capital lease obligations 1,325 — 1,325 $ 776,941 $ 1,392 $ 775,549 Current maturities of long-term obligations (4,258) — (4,258) Total long-term obligations $ 772,683 $ 1,392 $ 771,291 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 $ 18,246 $ — $ 18,246 Senior unsecured notes 6.0%, due in 2018 75,000 37 74,963 Senior unsecured notes 3.8%, due in 2020 84,000 119 83,881 Senior unsecured notes 3.2%, due in 2022 75,000 138 74,862 Senior unsecured notes 3.5%, due in 2023 125,000 256 124,744 Senior unsecured notes 3.4%, due in 2024 50,000 104 49,896 Senior unsecured notes 3.5%, due in 2024 100,000 256 99,744 Senior unsecured notes 3.6%, due in 2025 125,000 269 124,731 Senior unsecured notes 3.6%, due in 2026 125,000 269 124,731 Capital lease obligations 1,542 — 1,542 $ 778,788 $ 1,448 $ 777,340 Current maturities of long-term obligations (4,603) — (4,603) Total long-term obligations $ 774,185 $ 1,448 $ 772,737 Aggregate long-term maturities, excluding capital lease obligations, due annually from the current balance sheet date for the next five years are $3,513, $79,849, $2,789, $85,838 and $1,726 and $601,901 thereafter.

RETIREMENT AND DEFERRED COMPENS

RETIREMENT AND DEFERRED COMPENSATION PLANS	3 Months Ended
	Mar. 31, 2017
RETIREMENT AND DEFERRED COMPENSATION PLANS
RETIREMENT AND DEFERRED COMPENSATION PLANS	NOTE 6 — RETIREMENT AND DEFERRED COMPENSATION PLANS Components of Net Periodic Benefit Cost: Domestic Plans Foreign Plans Three Months Ended March 31, Service cost $ $ 2,260 $ 1,337 $ 1,138 Interest cost 1,694 424 473 Expected return on plan assets (2,118) (568) (545) Amortization of net loss 821 447 384 Amortization of prior service cost — — 94 87 Net periodic benefit cost $ 2,505 $ 2,657 $ 1,734 $ 1,537 EMPLOYER CONTRIBUTIONS Although the Company has no minimum funding requirement, we expect to contribute approximately $24.0 million to our domestic defined benefit plans in 2017. As of March 31, 2017, we have contributed $20.0 million to these plans. We also expect to contribute approximately $2.5 million to our foreign defined benefit plans in 2017, and as of March 31, 2017, we have contributed approximately $0.9 million.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	3 Months Ended
	Mar. 31, 2017
ACCUMULATED OTHER COMPREHENSIVE INCOME
ACCUMULATED OTHER COMPREHENSIVE INCOME	NOTE 7— ACCUMULATED OTHER COMPREHENSIVE INCOME Changes in Accumulated Other Comprehensive (Loss) Income by Component: Foreign Defined Benefit Currency Pension Plans Other Total Balance - December 31, 2015 $ (206,725) $ (55,550) $ (72) $ (262,347) Other comprehensive income before reclassifications 65,171 — — 65,171 Amounts reclassified from accumulated other comprehensive income — 833 7 840 Net current-period other comprehensive income 65,171 833 7 66,011 Balance - March 31, 2016 $ (141,554) $ (54,717) $ (65) $ (196,336) Balance - December 31, 2016 $ (259,888) $ (59,775) $ (46) $ (319,709) Other comprehensive income before reclassifications 23,184 — — 23,184 Amounts reclassified from accumulated other comprehensive income — 879 7 886 Net current-period other comprehensive income 23,184 879 7 24,070 Balance - March 31, 2017 $ (236,704) $ (58,896) $ (39) $ (295,639) Reclassifications Out of Accumulated Other Comprehensive (Loss) 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 Three Months Ended March 31, Defined Benefit Pension Plans Amortization of net loss $ 1,248 $ 1,205 (a) Amortization of prior service cost 94 87 (a) 1,342 1,292 Total before tax (463) (459) Tax benefit $ 879 $ 833 Net of tax Other Changes in treasury locks $ 10 $ 10 Interest Expense 10 10 Total before tax (3) (3) Tax benefit $ 7 $ 7 Net of tax Total reclassifications for the period $ 886 $ 840 (a) These accumulated other comprehensive income components are included in the computation of net periodic benefit costs, net of tax (see Note 6 – Retirement and Deferred Compensation Plans for additional details).

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Mar. 31, 2017
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	NOTE 8 — 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 our 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 subsidiaries. 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 our 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 March 31, 2017, the Company has recorded the fair value of foreign currency forward exchange contracts of $0.5 million in prepaid and other and $1.2 million in accounts payable and accrued liabilities in the balance sheet. All forward exchange contracts outstanding as of March 31, 2017 had an aggregate contract amount of $105.8 million. Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets as of March 31, 2017 and December 31, 2016 Derivative Contracts Not Designated March 31, December 31, as Hedging Instruments Balance Sheet Location Derivative Assets Foreign Exchange Contracts Prepaid and other $ 547 $ 1,612 $ 547 $ 1,612 Derivative Liabilities Foreign Exchange Contracts Accounts payable and accrued liabilities $ 1,180 $ 2,881 $ 1,180 $ 2,881 The Effect of Derivative Instruments on the Condensed Consolidated Statements of Income for the Three Months Ended March 31, 2017 and March 31, 2016 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 $ 645 $ (2,406) $ 645 $ (2,406) Gross Amounts not Offset Gross Amounts Net Amounts in the Statement of Offset in the Presented in Financial Position Gross Statement of the Statement of Financial Cash Collateral Net Amount Financial Position Financial Position Instruments Received Amount Description March 31, 2017 Derivative Assets $ 547 — $ 547 — — $ 547 Total Assets $ 547 — $ 547 — — $ 547 Derivative Liabilities $ 1,180 — $ 1,180 — — $ 1,180 Total Liabilities $ 1,180 — $ 1,180 — — $ 1,180 December 31, 2016 Derivative Assets $ 1,612 — $ 1,612 — — $ 1,612 Total Assets $ 1,612 — $ 1,612 — — $ 1,612 Derivative Liabilities $ 2,881 — $ 2,881 — — $ 2,881 Total Liabilities $ 2,881 — $ 2,881 — — $ 2,881

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2017
FAIR VALUE
FAIR VALUE	NOTE 9 — 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 March 31, 2017, the fair values of our financial assets and liabilities were categorized as follows: Total Level 1 Level 2 Level 3 Assets Forward exchange contracts (a) $ 547 $ — $ 547 $ — Total assets at fair value $ 547 $ — $ 547 $ — Liabilities Forward exchange contracts (a) $ 1,180 $ — $ 1,180 $ — Total liabilities at fair value $ 1,180 $ — $ 1,180 $ — 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 (a) $ 1,612 $ — $ 1,612 $ — Total assets at fair value $ 1,612 $ — $ 1,612 $ — Liabilities Forward exchange contracts (a) $ 2,881 $ — $ 2,881 $ — Total liabilities at fair value $ 2,881 $ — $ 2,881 $ — (a) 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, accounts and notes receivable, notes payable and current maturities of long-term obligations approximate fair value due to the short-term maturity of the instruments. The Company considers our 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 $750 million as of March 31, 2017 and $739 million as of December 31, 2016.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2017
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 10 - 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 and 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 March 31, 2017 and December 31, 2016. An environmental investigation, undertaken to assess areas of possible contamination, was completed at the Company’s facility in Jundiaí, São Paulo, Brazil. The facility is primarily an internal supplier of anodized aluminum components for certain of our dispensing systems. The testing indicated that soil and groundwater in certain areas of the facility were impacted above acceptable levels established by local regulations. In March 2017, the Company reported the findings to the relevant environmental authority, the Environmental Company of the State of São Paulo – CETESB. The Company is in the preliminary stages of further assessing the affected areas to determine the full extent of the impact and the scope of any required remediation. Initial costs for the further investigation and possible remediation, based on assumptions about the area of impact and customary remediation costs, are estimated to be in the range of $1.5 million to $3.0 million. The range of possible loss associated with this environmental contingency is subject to considerable uncertainty due to the incomplete status of the investigation and preliminary nature of our discussions with CETESB. We will continue to evaluate the range of likely costs as the investigation proceeds and we have further clarity on the nature and extent of remediation that will be required. We note that the contamination, or any failure on the part of the Company to complete its remediation in a timely manner, could potentially result in fines or penalties levied on the Company. The Company has accrued a $1.5 million operating expense in the first quarter of 2017 relating to this contingency, which will be periodically reviewed, and adjusted as necessary, as the matter continues to evolve.

STOCK REPURCHASE PROGRAM

STOCK REPURCHASE PROGRAM	3 Months Ended
	Mar. 31, 2017
STOCK REPURCHASE PROGRAM
STOCK REPURCHASE PROGRAM	NOTE 11 — STOCK REPURCHASE PROGRAM On October 20, 2016, the Company announced a share repurchase authorization of up to $350 million of common stock. This authorization replaces previous authorizations and has no expiration date. Aptar may repurchase shares through the open market, privately negotiated transactions or other programs, subject to market conditions. Shares repurchased are immediately retired. During the three months ended March 31, 2017, the Company repurchased approximately 210 thousand shares for approximately $16.0 million. During the three months ended March 31, 2016, the Company repurchased approximately 113 thousand shares for approximately $8.6 million. As of March 31, 2017, there was $287.4 million of authorized share repurchases available to the Company.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2017
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 12 — STOCK-BASED COMPENSATION The Company issues stock options and restricted stock units to employees under Stock Awards Plans approved by stockholders. Restricted stock units (“RSUs”) are issued to non-employee directors under a Director Restricted Stock Unit Plan and the 2016 Equity Incentive Plan, and stock options were formally issued to non-employee directors under a Director Stock Option Plan. 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. RSUs granted to employees generally vest over three years. Director RSUs generally vest over one year. Compensation expense attributable to employee stock options for the first three months of 2017 was approximately $6.9 million ($4.6 million after tax). The income tax benefit related to this compensation expense was approximately $2.3 million. Approximately $6.0 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 attributable to stock options for the first three months of 2016 was approximately $8.9 million ($5.9 million after tax). The income tax benefit related to this compensation expense was approximately $3.0 million. Approximately $7.9 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 $11.85 and $10.59 per share during the first three months of 2017 and 2016, respectively. These values were estimated on the respective grant dates using the Black-Scholes option-pricing model with the following weighted-average assumptions: Stock Awards Plans: Three Months Ended March 31, Dividend Yield 1.7 % 1.8 % Expected Stock Price Volatility 15.8 % 16.9 % Risk-free Interest Rate 2.2 % 1.6 % Expected Life of Option (years) 6.7 6.7 A summary of option activity under the Company’s stock plans during the three months ended March 31, 2017 is presented below: Stock Awards Plans Director Stock Option Plans Weighted Average Weighted Average Options Exercise Price Options Exercise Price Outstanding, January 1, 2017 8,070,444 $ 56.36 281,334 $ 56.45 Granted 1,607,773 74.79 — — Exercised (452,677) 40.41 — — Forfeited or expired (12,357) 69.22 — — Outstanding at March 31, 2017 9,213,183 $ 60.35 281,334 $ 56.45 Exercisable at March 31, 2017 6,198,605 $ 54.63 255,998 $ 55.44 Weighted-Average Remaining Contractual Term (Years): Outstanding at March 31, 2017 6.7 5.7 Exercisable at March 31, 2017 5.5 5.5 Aggregate Intrinsic Value: Outstanding at March 31, 2017 $ 154,089 $ 5,802 Exercisable at March 31, 2017 $ 139,129 $ 5,536 Intrinsic Value of Options Exercised During the Three Months Ended: March 31, 2017 $ 15,289 $ — March 31, 2016 $ 16,973 $ 436 The fair value of options vested during the three months ended March 31, 2017 and 2016 was $16.9 million and $16.3 million, respectively. Cash received from option exercises was approximately $15.9 million and the actual tax benefit realized for the tax deduction from option exercises was approximately $5.1 million in the three months ended March 31, 2017. As of March 31, 2017, the remaining valuation of stock option awards to be expensed in future periods was $23.4 million and the related weighted-average period over which it is expected to be recognized is 2.3 years. The fair value of RSU grants is the market price of the underlying shares on the grant date. A summary of RSU activity as of March 31, 2017, and changes during the three month 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, 2017 72,127 $ 69.31 15,745 $ 75.56 Granted 78,276 73.29 — — Vested (40,963) 68.29 — — Forfeited — — — — Nonvested at March 31, 2017 109,440 $ 72.54 15,745 $ 75.56 Compensation expense recorded attributable to RSUs for the first three months of 2017 and 2016 was approximately $0.9 million and $1.2 million, respectively. The fair value of units vested during the three months ended March 31, 2017 and 2016 was $2.8 million and $656 thousand, respectively. The intrinsic value of units vested during the three months ended March 31, 2017 and 2016 was $3.0 million and $773 thousand, respectively. As of March 31, 2017, there was $5.6 million of total unrecognized compensation cost relating to RSU awards which is expected to be recognized over a weighted-average period of 2.5 years. The Company has a long-term incentive program for certain employees. Each award is based on the cumulative total shareholder return of our common stock during a three year performance period compared to a peer group. The total expected expense related to this program for awards outstanding as of March 31, 2017 is approximately $2.7 million, of which $282 thousand and $1.3 million was recognized in the first three months of 2017 and 2016, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2017
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 13 — EARNINGS PER SHARE Aptar’s authorized common stock consists of 199 million shares, having a par value of $0.01 each. Information related to the calculation of earnings per share is as follows: Three Months Ended March 31, 2017 March 31, 2016 Diluted Basic Diluted Basic Consolidated operations Income available to common stockholders $ 51,820 $ 51,820 $ 43,863 $ 43,863 Average equivalent shares Shares of common stock 62,355 62,355 62,722 62,722 Effect of dilutive stock based compensation Stock options 1,827 — 2,299 — Restricted stock 52 — 42 — Total average equivalent shares 64,234 62,355 65,063 62,722 Net income per share $ 0.81 $ 0.83 $ 0.67 $ 0.70

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2017
SEGMENT INFORMATION
SEGMENT INFORMATION	NOTE 14 — 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 primarily 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, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. Financial information regarding the Company’s reportable segments is shown below: Three Months Ended March 31, Total Sales: Beauty + Home $ 326,933 $ 318,870 Pharma 196,914 183,135 Food + Beverage 82,349 85,396 Total Sales 606,196 587,401 Less: Intersegment Sales: Beauty + Home $ 4,485 $ 4,534 Pharma 2 — Food + Beverage 393 529 Total Intersegment Sales $ 4,880 $ 5,063 Net Sales: Beauty + Home $ 322,448 $ 314,336 Pharma 196,912 183,135 Food + Beverage 81,956 84,867 Net Sales $ 601,316 $ 582,338 Segment Income (1): Beauty + Home $ 22,208 $ 23,528 Pharma 59,070 53,236 Food + Beverage 7,140 9,283 Corporate & Other (11,006) (18,195) Interest Expense (8,262) (8,591) Interest Income 330 584 Income before Income Taxes $ 69,480 $ 59,845 (1) The Company evaluates performance of our business units and allocates resources based upon segment income. Segment income is defined as earnings before net interest expense, certain corporate expenses and income taxes.

INSURANCE SETTLEMENT RECEIVABLE

INSURANCE SETTLEMENT RECEIVABLE	3 Months Ended
	Mar. 31, 2017
INSURANCE SETTLEMENT RECEIVABLE
INSURANCE SETTLEMENT RECEIVABLE	Note 15 – INSURANCE SETTLEMENT RECEIVABLE A fire caused damages to Aptar’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 Aptar dispensing systems. While repairs are underway, Aptar 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 related to the fire of $4.9 million were incurred during the three months ended March 31, 2017. We have increased our insurance receivable from $0.8 million at December 31, 2016 to $4.4 million at March 31, 2017 for known losses for which insurance reimbursement is probable, which is included in Prepaid and Other in the Condensed Consolidated Balance Sheet. In many cases, our insurance coverage exceeds the amount of these recognized losses. No gain contingencies have been recognized as our ability to realize those gains remains uncertain. We recognized net expenses of $1.3 million related to the Annecy fire during the first quarter of 2017. These costs are included in the Beauty + Home segment.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2017
ACQUISITIONS
ACQUISITIONS	NOTE 16 – 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 sales of $16.2 million and pretax income of $1.3 million for the three months ended March 31, 2017. For the three months ended March 31, 2016, Mega Airless contributed sales of $6.2 million and a pretax loss of $1.8 million due to a purchase accounting adjustment of $2.6 million related to the inventory fair value adjustment. 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 three months ended March 31, 2016, we recognized $5.6 million in transaction costs related to the acquisition of Mega Airless. These costs are reflected as corporate & other expenses in the selling, research & development and administrative section of the Condensed 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 $ 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 We finalized our purchase accounting for Mega Airless in 2016. As a result, no adjustments were made to the net assets acquired during the quarter ended March 31, 2017. 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 $ 57,120 Technology 15 10,838 Trademark 4 4,148 Total $ 72,106 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 $1.8 million after tax ($2.6 million pretax) of nonrecurring expense related to the fair value adjustment to acquisition-date inventory. 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 date indicated. Three Months Ended March 31, Net Sales $ 591,898 Net Income Attributable to AptarGroup Inc. 50,186 Net Income per common share — basic 0.80 Net Income per common share — diluted 0.77 In February 2017, the Company acquired a 20% minority investment in Kali Care, Inc. for $5.0 million. Kali Care, Inc. (“Kali Care”) is a Silicon Valley-based technology company, which provides digital monitoring systems for ophthalmic medication. Kali Care’s sensing technology allows clinicians to collect real time compliance data and is a powerful tool for ophthalmologists in managing the care of their patients and represents an additional investment into connected devices for our Pharma applications. This investment is being accounted for under the equity method of accounting from the date of acquisition.

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION	BASIS OF PRESENTATION The accompanying Unaudited Condensed 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. In the opinion of management, the Unaudited Condensed Consolidated Financial Statements include all normal recurring adjustments necessary for a fair statement of consolidated financial position, results of operations, comprehensive income, changes in equity and cash flows for the interim periods presented. The accompanying Unaudited Condensed Consolidated Financial Statements have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading. Also, certain financial position data included herein was derived from the Audited Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 but does not include all disclosures required by U.S. GAAP. Accordingly, these Unaudited Condensed Consolidated Financial Statements and related notes should be read in conjunction with the Audited Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. The results of operations of any interim period are not necessarily indicative of the results that may be expected for the year.
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 (“ASUs”) to the FASB’s Accounting Standards Codification. 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 continue to evaluate 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 reviews performed to date, we continue to anticipate adopting the full retrospective transition method for implementing this guidance on the standard’s effective date. In July 2015, the FASB issued new guidance for simplifying the measurement of inventory. The core principle of the guidance is that an entity should measure inventory at the lower of cost and net realizable value. This standard is effective for annual reporting periods beginning after December 15, 2016. The Company has adopted the requirements of the standard and has determined that the impact is not material to our current year financial statements. In March 2016, the FASB issued guidance that eliminates the requirement that an investor retrospectively apply equity method accounting when an investment that it had accounted for by another method initially qualifies for the equity method. The guidance requires that an equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The new standard is effective for fiscal years and interim periods beginning after December 15, 2016. The adoption of the new rules did not have an impact on our financial statements. In March 2016, the FASB issued guidance that changes the accounting for certain aspects of share-based payments to employees. The guidance requires the recognition of the income tax effects of awards in the income statement when the awards vest or are settled, thus eliminating additional paid in capital pools. The guidance also allows for the employer to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting. In addition, the guidance allows for a policy election to account for forfeitures as they occur rather than on an estimated basis. The new standard is effective for fiscal years and interim periods beginning after December 15, 2016. The Company has prospectively adopted the standard resulting in $2.7 million of additional tax deductions that would have been previously recorded in stockholders’ equity now being reported as a reduction in tax expense for the quarter ended March 31, 2017. The amount of excess tax benefits and deficiencies recognized in the provision for income taxes will fluctuate from period to period based on the price of the Company’s stock, the volume of share-based instruments settled or vested, and the value assigned to share-based instruments under U.S. GAAP. We have also prospectively adopted the standard for the presentation of the condensed consolidated statements of cash flows. The impact of excess tax benefits from exercise of stock options is now shown within cash flows from operating activities instead of cash flows from financing activities. In addition, the Company has elected to continue its current practice of estimating expected forfeitures. 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.
RETIREMENT OF COMMON STOCK	RETIREMENT OF COMMON STOCK During the first quarter of 2017 and 2016, the Company repurchased and immediately retired 210 thousand and 113 thousand shares of common stock, respectively. Common stock was reduced by the number of shares retired at $0.01 par value per share. The excess of purchase price over par value may be charged entirely to retained earnings or may be 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.
INCOME TAXES	INCOME TAXES The Company computes taxes on income in accordance with the tax rules and regulations of the many taxing authorities where income is earned. The income tax rates imposed by these taxing authorities may vary substantially. Taxable income may differ from pre-tax income for financial accounting purposes. To the extent that these differences create differences between the tax basis of an asset or liability and our reported amount in the financial statements, an appropriate provision for deferred income taxes is made. In making the 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 our 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. During 2016, the Company decided to repatriate a portion of our 2016 and 2017 foreign earnings. In the first quarter of 2017, the Company repatriated $263 million, most of which was used to reduce existing debt levels and fund stock repurchases. To better balance our capital structure, the Company is also planning to repatriate an additional $750 million of earnings previously designated as indefinitely reinvested, and therefore has removed the indefinite reinvestment assertion on such amounts. There are no significant tax consequences expected from either repatriation due to the amount of tax credits associated with the repatriation under current U.S. tax law. The Company maintains its assertion that the approximately $550 million of remaining foreign earnings are permanently reinvested. As such, the Company does not provide for taxes on these earnings. 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 4 of the Unaudited Notes to the Condensed Consolidated Financial Statements for more information.

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2017
INVENTORIES
Schedule of inventories, by component	March 31, December 31, Raw materials $ 101,195 $ 98,014 Work in process 91,029 91,646 Finished goods 117,368 107,254 Total $ 309,592 $ 296,914

GOODWILL AND OTHER INTANGIBLE26

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2017
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of changes in the carrying amount of goodwill	Beauty + Food + Corporate Home Pharma Beverage & Other Total Goodwill $ 211,371 $ 180,050 $ 16,101 $ 1,615 $ 409,137 Accumulated impairment losses — — — (1,615) (1,615) Balance as of December 31, 2016 $ 211,371 $ 180,050 $ 16,101 $ — $ 407,522 Foreign currency exchange effects 1,558 2,118 74 — 3,750 Goodwill $ 212,929 $ 182,168 $ 16,175 $ 1,615 $ 412,887 Accumulated impairment losses — — — (1,615) (1,615) Balance as of March 31, 2017 $ 212,929 $ 182,168 $ 16,175 $ — $ 411,272
Summary of amortized intangible assets	March 31, 2017 December 31, 2016 Weighted Average Gross Gross Amortization Period Carrying Accumulated Net Carrying Accumulated Net (Years) Amount Amortization Value Amount Amortization Value Amortized intangible assets: Patents 0.2 $ 6,946 $ (6,928) $ 18 $ 6,859 $ (6,839) $ 20 Acquired technology 14.9 42,263 (10,874) 31,389 41,731 (10,040) 31,691 Customer relationships 11.8 63,542 (8,144) 55,398 63,006 (6,696) 56,310 License agreements and other 8.0 18,399 (12,213) 6,186 18,516 (12,048) 6,468 Total intangible assets 11.7 $ 131,150 $ (38,159) $ 92,991 $ 130,112 $ (35,623) $ 94,489
Schedule of future estimated amortization expense	Future estimated amortization expense for the years ending December 31 is as follows: 2017 $ 7,334 (remaining estimated amortization for 2017) 2018 9,755 2019 9,587 2020 8,476 2021 and thereafter 57,839

LONG-TERM OBLIGATIONS (Tables)

LONG-TERM OBLIGATIONS (Tables)	3 Months Ended
	Mar. 31, 2017
LONG-TERM OBLIGATIONS
Schedule of long-term obligations	At March 31, 2017, 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 $ 16,616 $ — $ 16,616 Senior unsecured notes 6.0%, due in 2018 75,000 30 74,970 Senior unsecured notes 3.8%, due in 2020 84,000 113 83,887 Senior unsecured notes 3.2%, due in 2022 75,000 132 74,868 Senior unsecured notes 3.5%, due in 2023 125,000 247 124,753 Senior unsecured notes 3.4%, due in 2024 50,000 101 49,899 Senior unsecured notes 3.5%, due in 2024 100,000 247 99,753 Senior unsecured notes 3.6%, due in 2025 125,000 261 124,739 Senior unsecured notes 3.6%, due in 2026 125,000 261 124,739 Capital lease obligations 1,325 — 1,325 $ 776,941 $ 1,392 $ 775,549 Current maturities of long-term obligations (4,258) — (4,258) Total long-term obligations $ 772,683 $ 1,392 $ 771,291 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 $ 18,246 $ — $ 18,246 Senior unsecured notes 6.0%, due in 2018 75,000 37 74,963 Senior unsecured notes 3.8%, due in 2020 84,000 119 83,881 Senior unsecured notes 3.2%, due in 2022 75,000 138 74,862 Senior unsecured notes 3.5%, due in 2023 125,000 256 124,744 Senior unsecured notes 3.4%, due in 2024 50,000 104 49,896 Senior unsecured notes 3.5%, due in 2024 100,000 256 99,744 Senior unsecured notes 3.6%, due in 2025 125,000 269 124,731 Senior unsecured notes 3.6%, due in 2026 125,000 269 124,731 Capital lease obligations 1,542 — 1,542 $ 778,788 $ 1,448 $ 777,340 Current maturities of long-term obligations (4,603) — (4,603) Total long-term obligations $ 774,185 $ 1,448 $ 772,737

RETIREMENT AND DEFERRED COMPE28

RETIREMENT AND DEFERRED COMPENSATION PLANS (Tables)	3 Months Ended
	Mar. 31, 2017
RETIREMENT AND DEFERRED COMPENSATION PLANS
Components of net periodic benefit cost	Domestic Plans Foreign Plans Three Months Ended March 31, Service cost $ $ 2,260 $ 1,337 $ 1,138 Interest cost 1,694 424 473 Expected return on plan assets (2,118) (568) (545) Amortization of net loss 821 447 384 Amortization of prior service cost — — 94 87 Net periodic benefit cost $ 2,505 $ 2,657 $ 1,734 $ 1,537

ACCUMULATED OTHER COMPREHENSI29

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
	Mar. 31, 2017
ACCUMULATED OTHER COMPREHENSIVE INCOME
Changes in Accumulated Other Comprehensive (Loss) Income by Component	Foreign Defined Benefit Currency Pension Plans Other Total Balance - December 31, 2015 $ (206,725) $ (55,550) $ (72) $ (262,347) Other comprehensive income before reclassifications 65,171 — — 65,171 Amounts reclassified from accumulated other comprehensive income — 833 7 840 Net current-period other comprehensive income 65,171 833 7 66,011 Balance - March 31, 2016 $ (141,554) $ (54,717) $ (65) $ (196,336) Balance - December 31, 2016 $ (259,888) $ (59,775) $ (46) $ (319,709) Other comprehensive income before reclassifications 23,184 — — 23,184 Amounts reclassified from accumulated other comprehensive income — 879 7 886 Net current-period other comprehensive income 23,184 879 7 24,070 Balance - March 31, 2017 $ (236,704) $ (58,896) $ (39) $ (295,639)
Reclassifications Out of Accumulated Other Comprehensive (Loss) 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 Three Months Ended March 31, Defined Benefit Pension Plans Amortization of net loss $ 1,248 $ 1,205 (a) Amortization of prior service cost 94 87 (a) 1,342 1,292 Total before tax (463) (459) Tax benefit $ 879 $ 833 Net of tax Other Changes in treasury locks $ 10 $ 10 Interest Expense 10 10 Total before tax (3) (3) Tax benefit $ 7 $ 7 Net of tax Total reclassifications for the period $ 886 $ 840 (a) These accumulated other comprehensive income components are included in the computation of net periodic benefit costs, net of tax (see Note 6 – Retirement and Deferred Compensation Plans for additional details).

DERIVATIVE INSTRUMENTS AND HE30

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2017
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets	Fair Value of Derivative Instruments in the Condensed Consolidated Balance Sheets as of March 31, 2017 and December 31, 2016 Derivative Contracts Not Designated March 31, December 31, as Hedging Instruments Balance Sheet Location Derivative Assets Foreign Exchange Contracts Prepaid and other $ 547 $ 1,612 $ 547 $ 1,612 Derivative Liabilities Foreign Exchange Contracts Accounts payable and accrued liabilities $ 1,180 $ 2,881 $ 1,180 $ 2,881
Schedule of Effect of Derivative Instruments on the Condensed Consolidated Statements of Income	The Effect of Derivative Instruments on the Condensed Consolidated Statements of Income for the Three Months Ended March 31, 2017 and March 31, 2016 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 $ 645 $ (2,406) $ 645 $ (2,406)
Schedule of offsetting derivative assets and liabilities	Gross Amounts not Offset Gross Amounts Net Amounts in the Statement of Offset in the Presented in Financial Position Gross Statement of the Statement of Financial Cash Collateral Net Amount Financial Position Financial Position Instruments Received Amount Description March 31, 2017 Derivative Assets $ 547 — $ 547 — — $ 547 Total Assets $ 547 — $ 547 — — $ 547 Derivative Liabilities $ 1,180 — $ 1,180 — — $ 1,180 Total Liabilities $ 1,180 — $ 1,180 — — $ 1,180 December 31, 2016 Derivative Assets $ 1,612 — $ 1,612 — — $ 1,612 Total Assets $ 1,612 — $ 1,612 — — $ 1,612 Derivative Liabilities $ 2,881 — $ 2,881 — — $ 2,881 Total Liabilities $ 2,881 — $ 2,881 — — $ 2,881

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2017
FAIR VALUE
Schedule of fair values of financial assets and liabilities	As of March 31, 2017, the fair values of our financial assets and liabilities were categorized as follows: Total Level 1 Level 2 Level 3 Assets Forward exchange contracts (a) $ 547 $ — $ 547 $ — Total assets at fair value $ 547 $ — $ 547 $ — Liabilities Forward exchange contracts (a) $ 1,180 $ — $ 1,180 $ — Total liabilities at fair value $ 1,180 $ — $ 1,180 $ — 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 (a) $ 1,612 $ — $ 1,612 $ — Total assets at fair value $ 1,612 $ — $ 1,612 $ — Liabilities Forward exchange contracts (a) $ 2,881 $ — $ 2,881 $ — Total liabilities at fair value $ 2,881 $ — $ 2,881 $ — (a) Market approach valuation technique based on observable market transactions of spot and forward rates.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2017
STOCK-BASED COMPENSATION
Weighted-average assumptions used to estimate fair value of stock options granted	Stock Awards Plans: Three Months Ended March 31, Dividend Yield 1.7 % 1.8 % Expected Stock Price Volatility 15.8 % 16.9 % Risk-free Interest Rate 2.2 % 1.6 % Expected Life of Option (years) 6.7 6.7
Summary of option activity	Stock Awards Plans Director Stock Option Plans Weighted Average Weighted Average Options Exercise Price Options Exercise Price Outstanding, January 1, 2017 8,070,444 $ 56.36 281,334 $ 56.45 Granted 1,607,773 74.79 — — Exercised (452,677) 40.41 — — Forfeited or expired (12,357) 69.22 — — Outstanding at March 31, 2017 9,213,183 $ 60.35 281,334 $ 56.45 Exercisable at March 31, 2017 6,198,605 $ 54.63 255,998 $ 55.44 Weighted-Average Remaining Contractual Term (Years): Outstanding at March 31, 2017 6.7 5.7 Exercisable at March 31, 2017 5.5 5.5 Aggregate Intrinsic Value: Outstanding at March 31, 2017 $ 154,089 $ 5,802 Exercisable at March 31, 2017 $ 139,129 $ 5,536 Intrinsic Value of Options Exercised During the Three Months Ended: March 31, 2017 $ 15,289 $ — March 31, 2016 $ 16,973 $ 436
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, 2017 72,127 $ 69.31 15,745 $ 75.56 Granted 78,276 73.29 — — Vested (40,963) 68.29 — — Forfeited — — — — Nonvested at March 31, 2017 109,440 $ 72.54 15,745 $ 75.56

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2017
EARNINGS PER SHARE
Reconciliation of Basic and Diluted Earnings Per Share	Three Months Ended March 31, 2017 March 31, 2016 Diluted Basic Diluted Basic Consolidated operations Income available to common stockholders $ 51,820 $ 51,820 $ 43,863 $ 43,863 Average equivalent shares Shares of common stock 62,355 62,355 62,722 62,722 Effect of dilutive stock based compensation Stock options 1,827 — 2,299 — Restricted stock 52 — 42 — Total average equivalent shares 64,234 62,355 65,063 62,722 Net income per share $ 0.81 $ 0.83 $ 0.67 $ 0.70

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2017
SEGMENT INFORMATION
Financial information regarding the Company's reportable segments	Three Months Ended March 31, Total Sales: Beauty + Home $ 326,933 $ 318,870 Pharma 196,914 183,135 Food + Beverage 82,349 85,396 Total Sales 606,196 587,401 Less: Intersegment Sales: Beauty + Home $ 4,485 $ 4,534 Pharma 2 — Food + Beverage 393 529 Total Intersegment Sales $ 4,880 $ 5,063 Net Sales: Beauty + Home $ 322,448 $ 314,336 Pharma 196,912 183,135 Food + Beverage 81,956 84,867 Net Sales $ 601,316 $ 582,338 Segment Income (1): Beauty + Home $ 22,208 $ 23,528 Pharma 59,070 53,236 Food + Beverage 7,140 9,283 Corporate & Other (11,006) (18,195) Interest Expense (8,262) (8,591) Interest Income 330 584 Income before Income Taxes $ 69,480 $ 59,845 (1) The Company evaluates performance of our business units and allocates resources based upon segment income. Segment income is defined as earnings before net interest expense, certain corporate expenses and income taxes.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2017
ACQUISITIONS
Summary of assets acquired and liabilities assumed at estimated fair value	February 29, 2016 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
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 $ 57,120 Technology 15 10,838 Trademark 4 4,148 Total $ 72,106
Schedule of unaudited pro forma financial information	Three Months Ended March 31, Net Sales $ 591,898 Net Income Attributable to AptarGroup Inc. 50,186 Net Income per common share — basic 0.80 Net Income per common share — diluted 0.77

SUMMARY OF SIGNIFICANT ACCOUN36

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)segment$ / sharesshares	Mar. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2016$ / shares
Number of reportable segments | segment	3
RETIREMENT OF COMMON STOCK
Common stock repurchased and retired (in shares) | shares	210	113
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01	$ 0.01
INCOME TAXES
Repatriation of foreign earnings	$ 263,000
Undistributed earnings attributable to foreign subsidiaries intended to be repatriated	750,000
Undistributed earnings attributable to foreign subsidiaries considered to be permanently reinvested	550,000
ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS
Provision for Income Taxes	17,675	$ 15,979
Accounting Standards Update 2016-09
ADOPTION OF RECENT ACCOUNTING PRONOUNCEMENTS
Provision for Income Taxes	$ (2,700)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Inventories, by component
Raw materials	$ 101,195	$ 98,014
Work in process	91,029	91,646
Finished goods	117,368	107,254
Total	$ 309,592	$ 296,914

GOODWILL AND OTHER INTANGIBLE38

GOODWILL AND OTHER INTANGIBLE ASSETS (Schedule of Goodwill) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Changes in the carrying amount of goodwill
Goodwill	$ 412,887	$ 409,137
Accumulated impairment losses	(1,615)	(1,615)
Goodwill, Total	411,272	407,522
Foreign currency exchange effects	3,750
Operating segment | Beauty + Home
Changes in the carrying amount of goodwill
Goodwill	212,929	211,371
Goodwill, Total	212,929	211,371
Foreign currency exchange effects	1,558
Operating segment | Pharma
Changes in the carrying amount of goodwill
Goodwill	182,168	180,050
Goodwill, Total	182,168	180,050
Foreign currency exchange effects	2,118
Operating segment | Food + Beverage
Changes in the carrying amount of goodwill
Goodwill	16,175	16,101
Goodwill, Total	16,175	16,101
Foreign currency exchange effects	74
Corporate Non-Segment
Changes in the carrying amount of goodwill
Goodwill	1,615	1,615
Accumulated impairment losses	$ (1,615)	$ (1,615)

GOODWILL AND OTHER INTANGIBLE39

GOODWILL AND OTHER INTANGIBLE ASSETS (Summary of Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Amortized intangible assets:
Gross Carrying Amount	$ 131,150		$ 130,112
Accumulated Amortization	(38,159)		(35,623)
Net Value	92,991		94,489
Aggregate amortization expense	2,429	$ 1,486
Future estimated amortization expense
2,017	7,334
2,018	9,755
2,019	9,587
2,020	8,476
2021 and thereafter	$ 57,839
Weighted Average
Amortized intangible assets:
Amortization Period	11 years 8 months 12 days
Patents
Amortized intangible assets:
Gross Carrying Amount	$ 6,946		6,859
Accumulated Amortization	(6,928)		(6,839)
Net Value	$ 18		20
Patents | Weighted Average
Amortized intangible assets:
Amortization Period	2 months 12 days
Technology
Amortized intangible assets:
Gross Carrying Amount	$ 42,263		41,731
Accumulated Amortization	(10,874)		(10,040)
Net Value	$ 31,389		31,691
Technology | Weighted Average
Amortized intangible assets:
Amortization Period	14 years 10 months 24 days
Customer relationships
Amortized intangible assets:
Gross Carrying Amount	$ 63,542		63,006
Accumulated Amortization	(8,144)		(6,696)
Net Value	$ 55,398		56,310
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	$ 18,399		18,516
Accumulated Amortization	(12,213)		(12,048)
Net Value	$ 6,186		$ 6,468
License agreements and other | Weighted Average
Amortized intangible assets:
Amortization Period	8 years

INCOME TAX UNCERTAINTIES (Detai

INCOME TAX UNCERTAINTIES (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
INCOME TAX UNCERTAINTIES
Income tax uncertainties	$ 6.5	$ 6.4
Amount of income tax uncertainties that, if recognized, would impact the effective tax rate	6.5	$ 6.4
Decrease in liability for uncertain tax positions, high end of range	$ 4.6

LONG-TERM OBLIGATIONS (Details)

LONG-TERM OBLIGATIONS (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Long-Term Obligations
Long-term obligations gross including current maturities	$ 776,941	$ 778,788
Current maturities of long-term obligations	(4,258)	(4,603)
Total long-term obligations	772,683	774,185
Deferred Finance Costs, Net, Total	1,392	1,448
Deferred debt issuance costs noncurrent	1,392	1,448
Long-term obligations including current maturities	775,549	777,340
Current maturities of long-term obligations	(4,258)	(4,603)
Long-term obligations, net of unamortized debt issuance costs	771,291	772,737
Aggregate long-term maturities, excluding capital lease obligations
2,017	3,513
2,018	79,849
2,019	2,789
2,020	85,838
2,021	1,726
Thereafter	601,901
Notes payable 0.61% - 16.00%, due in monthly and annual installments through 2025
Long-Term Obligations
Long-term obligations gross including current maturities	16,616	18,246
Long-term obligations including current maturities	$ 16,616	$ 18,246
Notes payable 0.61% - 16.00%, due in monthly and annual installments through 2025 | Minimum
Long-Term Obligations
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
Long-Term Obligations
Interest rate on notes (as a percent)	16.00%	16.00%
Senior unsecured notes 6.0%, due in 2018
Long-Term Obligations
Long-term obligations gross including current maturities	$ 75,000	$ 75,000
Deferred Finance Costs, Net, Total	30	37
Long-term obligations including current maturities	$ 74,970	$ 74,963
Interest rate on notes (as a percent)	6.00%	6.00%
Senior unsecured notes 3.8%, due in 2020
Long-Term Obligations
Long-term obligations gross including current maturities	$ 84,000	$ 84,000
Deferred Finance Costs, Net, Total	113	119
Long-term obligations including current maturities	$ 83,887	$ 83,881
Interest rate on notes (as a percent)	3.80%	3.80%
Senior unsecured notes 3.2%, due in 2022
Long-Term Obligations
Long-term obligations gross including current maturities	$ 75,000	$ 75,000
Deferred Finance Costs, Net, Total	132	138
Long-term obligations including current maturities	$ 74,868	$ 74,862
Interest rate on notes (as a percent)	3.20%	3.20%
Senior unsecured notes 3.5%, due in 2023
Long-Term Obligations
Long-term obligations gross including current maturities	$ 125,000	$ 125,000
Deferred Finance Costs, Net, Total	247	256
Long-term obligations including current maturities	$ 124,753	$ 124,744
Interest rate on notes (as a percent)	3.50%	3.50%
Senior unsecured notes 3.4%, due in 2024
Long-Term Obligations
Long-term obligations gross including current maturities	$ 50,000	$ 50,000
Deferred Finance Costs, Net, Total	101	104
Long-term obligations including current maturities	$ 49,899	$ 49,896
Interest rate on notes (as a percent)	3.40%	3.40%
Senior unsecured notes 3.5%, due in 2024
Long-Term Obligations
Long-term obligations gross including current maturities	$ 100,000	$ 100,000
Deferred Finance Costs, Net, Total	247	256
Long-term obligations including current maturities	$ 99,753	$ 99,744
Interest rate on notes (as a percent)	3.50%	3.50%
Senior unsecured notes 3.6%, due in 2025
Long-Term Obligations
Long-term obligations gross including current maturities	$ 125,000	$ 125,000
Deferred Finance Costs, Net, Total	261	269
Long-term obligations including current maturities	$ 124,739	$ 124,731
Interest rate on notes (as a percent)	3.60%	3.60%
Senior unsecured notes 3.6%, due in 2026
Long-Term Obligations
Long-term obligations gross including current maturities	$ 125,000	$ 125,000
Deferred Finance Costs, Net, Total	261	269
Long-term obligations including current maturities	$ 124,739	$ 124,731
Interest rate on notes (as a percent)	3.60%	3.60%
Capital lease obligations
Long-Term Obligations
Long-term obligations gross including current maturities	$ 1,325	$ 1,542
Long-term obligations including current maturities	$ 1,325	$ 1,542

RETIREMENT AND DEFERRED COMPE42

RETIREMENT AND DEFERRED COMPENSATION PLANS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Domestic Plans
Change in benefit obligation:
Service cost	$ 2,420	$ 2,260
Interest cost	1,748	1,694
Change in plan assets:
Employer contribution	20,000
Components of net periodic benefit cost:
Service cost	2,420	2,260
Interest cost	1,748	1,694
Expected return on plan assets	(2,464)	(2,118)
Amortization of net loss	801	821
Net periodic benefit cost	2,505	2,657
Minimum funding requirements	0
Expected contribution in current fiscal year	24,000
Foreign Plans
Change in benefit obligation:
Service cost	1,337	1,138
Interest cost	424	473
Change in plan assets:
Employer contribution	900
Components of net periodic benefit cost:
Service cost	1,337	1,138
Interest cost	424	473
Expected return on plan assets	(568)	(545)
Amortization of net loss	447	384
Amortization of prior service cost	94	87
Net periodic benefit cost	1,734	$ 1,537
Expected contribution in current fiscal year	$ 2,500

ACCUMULATED OTHER COMPREHENSI43

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Accumulated other comprehensive income activity
Balance at the beginning of the period	$ 1,173,950
Balance at the end of the period	1,240,338
Foreign Currency
Accumulated other comprehensive income activity
Balance at the beginning of the period	(259,888)	$ (206,725)
Other comprehensive income (loss) before reclassifications	23,184	65,171
Net current-period other comprehensive income (loss)	23,184	65,171
Balance at the end of the period	(236,704)	(141,554)
Defined Benefit Pension Plans
Accumulated other comprehensive income activity
Balance at the beginning of the period	(59,775)	(55,550)
Amounts reclassified from accumulated other comprehensive income	879	833
Net current-period other comprehensive income (loss)	879	833
Balance at the end of the period	(58,896)	(54,717)
Other
Accumulated other comprehensive income activity
Balance at the beginning of the period	(46)	(72)
Amounts reclassified from accumulated other comprehensive income	7	7
Net current-period other comprehensive income (loss)	7	7
Balance at the end of the period	(39)	(65)
Accumulated Other Comprehensive Income/(Loss)
Accumulated other comprehensive income activity
Balance at the beginning of the period	(319,709)	(262,347)
Other comprehensive income (loss) before reclassifications	23,184	65,171
Amounts reclassified from accumulated other comprehensive income	886	840
Net current-period other comprehensive income (loss)	24,070	66,011
Balance at the end of the period	$ (295,639)	$ (196,336)

ACCUMULATED OTHER COMPREHENSI44

ACCUMULATED OTHER COMPREHENSIVE INCOME (Reclassifications From Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Amount Reclassified from Accumulated Other Comprehensive Income
Interest expense	$ 8,262	$ 8,591
Total before tax	(69,480)	(59,845)
Tax benefit	17,675	15,979
Total reclassifications for the period	(51,820)	(43,863)
Amount Reclassified from Accumulated Other Comprehensive Income
Amount Reclassified from Accumulated Other Comprehensive Income
Total reclassifications for the period	886	840
Defined Benefit Pension Plans | Amount Reclassified from Accumulated Other Comprehensive Income
Amount Reclassified from Accumulated Other Comprehensive Income
Amortization of net loss	1,248	1,205
Amortization of prior service cost	94	87
Total before tax	1,342	1,292
Tax benefit	(463)	(459)
Total reclassifications for the period	879	833
Other | Treasury locks | Amount Reclassified from Accumulated Other Comprehensive Income
Amount Reclassified from Accumulated Other Comprehensive Income
Interest expense	10	10
Total before tax	10	10
Tax benefit	(3)	(3)
Total reclassifications for the period	$ 7	$ 7

DERIVATIVE INSTRUMENTS AND HE45

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Fair Value of Derivative Instruments in the Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value of Derivative Instruments
Aggregate amount of forward exchange contracts outstanding	$ 105,800
Derivative Assets	547	$ 1,612
Derivative Liabilities	1,180	2,881
Derivative Contracts Not Designated as Hedging Instruments
Fair Value of Derivative Instruments
Derivative Assets	547	1,612
Derivative Liabilities	1,180	2,881
Derivative Contracts Not Designated as Hedging Instruments | Foreign Exchange Contracts | Prepaid and other
Fair Value of Derivative Instruments
Derivative Assets	547	1,612
Derivative Contracts Not Designated as Hedging Instruments | Foreign Exchange Contracts | Accounts payable and accrued liabilities
Fair Value of Derivative Instruments
Derivative Liabilities	$ 1,180	$ 2,881

DERIVATIVE INSTRUMENTS AND HE46

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Effect of Derivative Instruments on the Consolidated Statements of Income) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative instruments, gain or (loss)
Foreign Exchange Contract, Amount of Gain (Loss) Recognized in Income on Derivative, not designated as hedging instruments	$ 645	$ (2,406)
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	$ 645	$ (2,406)

DERIVATIVE INSTRUMENTS AND HE47

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Schedule of Derivative Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivative Assets
Gross Amount	$ 547	$ 1,612
Net Amounts Presented in the Statement of Financial Position	547	1,612
Net Amount	547	1,612
Derivative Liabilities
Gross Amount	1,180	2,881
Net Amounts Presented in the Statement of Financial Position	1,180	2,881
Net Amount	$ 1,180	$ 2,881

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Liabilities
Fair value of long-term obligations	$ 750,000	$ 739,000
Assets and liabilities measured at fair value on recurring basis
Assets
Forward exchange contracts, assets	547	1,612
Total assets at fair value	547	1,612
Liabilities
Forward exchange contracts, liabilities	1,180	2,881
Total liabilities at fair value	1,180	2,881
Assets and liabilities measured at fair value on recurring basis | Level 2
Assets
Forward exchange contracts, assets	547	1,612
Total assets at fair value	547	1,612
Liabilities
Forward exchange contracts, liabilities	1,180	2,881
Total liabilities at fair value	$ 1,180	$ 2,881

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Commitments and contingencies
Accrual for Environmental Loss Contingencies	$ 1,500,000
Indemnification agreements
Commitments and contingencies
Liabilities recorded under indemnification agreements	0	$ 0
Minimum
Commitments and contingencies
Environmental Loss Contingencies Estimate	1,500,000
Maximum
Commitments and contingencies
Environmental Loss Contingencies Estimate	$ 3,000,000

STOCK REPURCHASE PROGRAM (Detai

STOCK REPURCHASE PROGRAM (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Oct. 20, 2016
STOCK REPURCHASE PROGRAM
Share repurchases authorized amount			$ 350,000
Common stock repurchased and retired (in shares)	210	113
Common stock repurchased and retired	$ 16,019	$ 8,641
Remaining authorized repurchase amount	$ 287,400

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
STOCK-BASED COMPENSATION
Proceeds from stock option exercises	$ 15,908	$ 20,960
Stock options
STOCK-BASED COMPENSATION
Award vesting period	3 years
Expiration period	10 years
Compensation expense	$ 6,900	8,900
Compensation expense, net of tax	4,600	5,900
Income tax benefit related to compensation expense	2,300	3,000
Fair value of shares vested	16,900	16,300
Proceeds from stock option exercises	15,900
Actual tax benefit realized for the tax deduction from option exercises	5,100
Unrecognized compensation cost expected to be recognized in future periods	$ 23,400
Weighted-average period over which compensation cost is expected to be recognized	2 years 3 months 18 days
Stock options | Selling, research & development and administrative expenses
STOCK-BASED COMPENSATION
Compensation expense	$ 6,000	7,900
Restricted stock units
STOCK-BASED COMPENSATION
Compensation expense	900	1,200
Unrecognized compensation cost expected to be recognized in future periods	$ 5,600
Weighted-average period over which compensation cost is expected to be recognized	2 years 6 months
Weighted-Average Grant-Date Fair Value
Fair value of units vested	$ 2,800	656
Intrinsic value of units vested	$ 3,000	$ 773
Stock Awards Plans | Stock options
STOCK-BASED COMPENSATION
Weighted-average fair value of stock options granted (in dollars per share)	$ 11.85	$ 10.59
Assumptions used to estimate fair value of stock options granted
Dividend Yield (as a percent)	1.70%	1.80%
Expected Stock Price Volatility (as a percent)	15.80%	16.90%
Risk-free Interest Rate (as a percent)	2.20%	1.60%
Expected Life of Option (years)	6 years 8 months 12 days	6 years 8 months 12 days
Stock options activity
Outstanding at the beginning of the period (in shares)	8,070,444
Granted (in shares)	1,607,773
Exercised (in shares)	(452,677)
Forfeited or expired (in shares)	(12,357)
Outstanding at the end of the period (in shares)	9,213,183
Exercisable at the end of the period (in shares)	6,198,605
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 56.36
Granted (in dollars per share)	74.79
Exercised (in dollars per share)	40.41
Forfeited or expired (in dollars per share)	69.22
Outstanding at the end of the period (in dollars per share)	60.35
Exercisable at the end of the period (in dollars per share)	$ 54.63
Weighted-Average Remaining Contractual Term (Years):
Outstanding at the end of the period	6 years 8 months 12 days
Exercisable at the end of the period	5 years 6 months
Aggregate Intrinsic Value:
Outstanding at the end of the period	$ 154,089
Exercisable at the end of the period	139,129
Intrinsic Value of Options Exercised	$ 15,289	$ 16,973
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)	72,127
Granted (in shares)	78,276
Vested (in shares)	(40,963)
Balance at the end of the period (in shares)	109,440
Weighted-Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 69.31
Granted (in dollars per share)	73.29
Vested (in dollars per share)	68.29
Nonvested at the end of the period (in dollars per share)	$ 72.54
Director Stock Option Plans | Stock options
Stock options activity
Outstanding at the beginning of the period (in shares)	281,334
Outstanding at the end of the period (in shares)	281,334
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)	$ 56.45
Outstanding at the end of the period (in dollars per share)	56.45
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 8 months 12 days
Exercisable at the end of the period	5 years 6 months
Aggregate Intrinsic Value:
Outstanding at the end of the period	$ 5,802
Exercisable at the end of the period	$ 5,536
Intrinsic Value of Options Exercised		436
Director Stock Option Plans | Restricted stock units
STOCK-BASED COMPENSATION
Award vesting period	1 year
Restricted stock unit activity
Balance at the beginning of the period (in shares)	15,745
Granted (in shares)	0
Balance at the end of the period (in shares)	15,745
Weighted-Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 75.56
Nonvested at the end of the period (in dollars per share)	$ 75.56
New long-term incentive program
STOCK-BASED COMPENSATION
Compensation expense	$ 282	$ 1,300
Performance period used to measure cumulative total shareholder return of common stock	3 years
Expected total expense related to program over the performance period	$ 2,700

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Earning per share
Authorized common stock (in shares)	199,000		199,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Income (Numerator)
Income available to common stockholders (in dollars)	$ 51,820	$ 43,863
Shares (Denominator)
Basic (in shares)	62,355	62,722
Total average equivalent shares	64,234	65,063
Per Share Amount
Net income per share, basic (in dollars per share)	$ 0.83	$ 0.70
Net income per share, diluted (in dollars per share)	$ 0.81	$ 0.67
Stock options
Shares (Denominator)
Effect of dilutive stock based compensation (in shares)	1,827	2,299
Restricted stock units
Shares (Denominator)
Effect of dilutive stock based compensation (in shares)	52	42

SEGMENT INFORMATION (Summary of

SEGMENT INFORMATION (Summary of Reportable Segments) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)segment	Mar. 31, 2016USD ($)
Financial information regarding the Company's reportable segments
Number of reportable segments | segment	3
Net Sales	$ 601,316	$ 582,338
Interest expense	(8,262)	(8,591)
Interest income	330	584
Income before Income Taxes	69,480	59,845
Beauty + Home
Financial information regarding the Company's reportable segments
Net Sales	322,448	314,336
Income before interest and taxes	22,208	23,528
Pharma
Financial information regarding the Company's reportable segments
Net Sales	196,912	183,135
Income before interest and taxes	59,070	53,236
Food + Beverage
Financial information regarding the Company's reportable segments
Net Sales	81,956	84,867
Income before interest and taxes	7,140	9,283
Corporate & Other
Financial information regarding the Company's reportable segments
Income before interest and taxes	(11,006)	(18,195)
Operating segment
Financial information regarding the Company's reportable segments
Net Sales	606,196	587,401
Operating segment | Beauty + Home
Financial information regarding the Company's reportable segments
Net Sales	326,933	318,870
Operating segment | Pharma
Financial information regarding the Company's reportable segments
Net Sales	196,914	183,135
Operating segment | Food + Beverage
Financial information regarding the Company's reportable segments
Net Sales	82,349	85,396
Intersegment
Financial information regarding the Company's reportable segments
Net Sales	4,880	5,063
Intersegment | Beauty + Home
Financial information regarding the Company's reportable segments
Net Sales	4,485	4,534
Intersegment | Pharma
Financial information regarding the Company's reportable segments
Net Sales	2
Intersegment | Food + Beverage
Financial information regarding the Company's reportable segments
Net Sales	$ 393	$ 529

INSURANCE SETTLEMENT RECEIVAB54

INSURANCE SETTLEMENT RECEIVABLE (Details) - Beauty + Home - France - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
INSURANCE SETTLEMENT RECEIVABLE
Costs incurred related to fire	$ 4.9
Insurance receivable	4.4	$ 0.8
Gain contingencies recognized	0
Net expenses related to fire	$ 1.3

ACQUISITIONS (Details)

ACQUISITIONS (Details) $ in Thousands	Feb. 29, 2016USD ($)item	Feb. 28, 2017USD ($)	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Acquisitions
Acquisition of business, net of cash received				$ 202,985
Assets
Goodwill			$ 411,272		$ 407,522
Kali Care
Acquisitions
Percentage of interest acquired		20.00%
Cost of investment in unconsolidated affiliate		$ 5,000
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			16,200	6,200
Pretax income of acquiree during the reporting period			$ 1,300	(1,800)
Acquisition costs				$ 5,600
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 $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)$ / shares
Unaudited pro forma financial information
Net Sales	$ 591,898
Net Income Attributable to AptarGroup, Inc.	$ 50,186
Net Income per common share - basic | $ / shares	$ 0.80
Net Income per common share - diluted | $ / shares	$ 0.77
Acquisition Related Costs
Acquisitions
Transaction costs excluded from supplemental pro forma earnings (after tax)	$ 4,200
Transaction costs excluded from supplemental pro forma earnings (before tax)	5,600
Fair Value Adjustment
Acquisitions
Nonrecurring expense related to the fair value adjustment to acquisition-date inventory excluded from supplemental pro forma earnings (after tax)	1,800
Nonrecurring expense related to the fair value adjustment to acquisition-date inventory excluded from supplemental pro form earnings (before tax)	$ 2,600