Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2012

Operations of the Company's operating segments

	Net Sales to		Net Sales to
For the three months ended	External		Other			Total Net			Segment
June 30, 2012	Customers		Segments			Sales			Profit			Goodwill (c)
U.S. Operations	$	177,182	$	16,626		$	193,808		$	35,403		$	307,618
Swiss Operations	28,420		93,750			122,170			26,312			22,530
Western European Operations	156,284		24,838			181,122			21,978			100,859
Chinese Operations	108,479		26,122			134,601			30,931			716
Other (a)	99,918		1,345			101,263			8,506			14,557
Eliminations and Corporate (b)	—		(162,681		)	(162,681		)	(22,073		)	—
Total	$	570,283	$	—		$	570,283		$	101,057		$	446,280

	Net Sales to		Net Sales to
For the six months ended	External		Other			Total Net			Segment
June 30, 2012	Customers		Segments			Sales			Profit
U.S. Operations	$	334,480	$	34,737		$	369,217		$	59,360
Swiss Operations	60,025		191,269			251,294			55,454
Western European Operations	309,289		48,685			357,974			40,243
Chinese Operations	199,773		55,935			255,708			56,249
Other (a)	202,116		2,994			205,110			18,830
Eliminations and Corporate (b)	—		(333,620		)	(333,620		)	(48,285		)
Total	$	1,105,683	$	—		$	1,105,683		$	181,851

	Net Sales to		Net Sales to
For the three months ended	External		Other			Total Net			Segment
June 30, 2011	Customers		Segments			Sales			Profit			Goodwill (c)
U.S. Operations	$	167,017	$	19,412		$	186,429		$	30,834		$	308,467
Swiss Operations	32,179		91,489			123,668			21,978			25,695
Western European Operations	167,419		26,089			193,508			20,609			98,076
Chinese Operations	95,721		34,433			130,154			34,443			695
Other (a)	98,752		1,526			100,278			10,640			14,666
Eliminations and Corporate (b)	—		(172,949		)	(172,949		)	(23,972		)	—
Total	$	561,088	$	—		$	561,088		$	94,532		$	447,599

	Net Sales to		Net Sales to
For the six months ended	External		Other			Total Net			Segment
June 30, 2011	Customers		Segments			Sales			Profit
U.S. Operations	$	315,229	$	38,100		$	353,329		$	53,164
Swiss Operations	63,824		192,751			256,575			51,058
Western European Operations	320,279		51,677			371,956			39,076
Chinese Operations	170,558		64,770			235,328			55,132
Other (a)	189,964		2,335			192,299			20,107
Eliminations and Corporate (b)	—		(349,633		)	(349,633		)	(50,227		)
Total	$	1,059,854	$	—		$	1,059,854		$	168,310

(a) Other includes reporting units in Eastern Europe, Latin America, Southeast Asia and other countries.

(b) Eliminations and Corporate includes the elimination of inter-segment transactions and certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.

(c) Goodwill as of June 30, 2012 includes additions of $10.9 million in Western European Operations related to an acquisition in the third quarter of 2011. See Note 3 for additional information. Other goodwill changes are primarily related to foreign currency fluctuations.

Reconciliation of earnings before taxes to segment profit

	Three Months Ended				Six Months Ended
	2012		2011		2012		2011
Earnings before taxes	$	81,726	$	81,337	$	151,034	$	144,615
Amortization	5,357		4,325		10,556		7,947
Interest expense	5,706		5,692		11,529		11,403
Restructuring charges	7,835		1,971		8,143		2,469
Other charges (income), net	433		1,207		589		1,876
Segment profit	$	101,057	$	94,532	$	181,851	$	168,310