Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2013

Operations of the Company's operating segments

The following tables show the operations of the Company’s operating segments:

	Net Sales to		Net Sales to									As of June 30,
For the three months ended	External		Other			Total Net			Segment			2013
June 30, 2013	Customers		Segments			Sales			Profit			Goodwill
U.S. Operations	$	187,395	$	16,897		$	204,292		$	33,481		$	307,933
Swiss Operations	31,166		103,519			134,685			37,171			22,966
Western European Operations	156,796		26,481			183,277			23,494			102,114
Chinese Operations	97,771		37,743			135,514			29,374			733
Other (a)	105,552		1,509			107,061			9,166			13,420
Eliminations and Corporate (b)	—		(186,149		)	(186,149		)	(26,280		)	—
Total	$	578,680	$	—		$	578,680		$	106,406		$	447,166

	Net Sales to		Net Sales to
For the six months ended	External		Other			Total Net			Segment
June 30, 2013	Customers		Segments			Sales			Profit
U.S. Operations	$	345,781	$	35,273		$	381,054		$	58,124
Swiss Operations	61,863		200,642			262,505			72,574
Western European Operations	302,964		54,593			357,557			41,792
Chinese Operations	188,498		68,145			256,643			54,022
Other (a)	203,927		2,929			206,856			18,653
Eliminations and Corporate (b)	—		(361,582		)	(361,582		)	(53,326		)
Total	$	1,103,033	$	—		$	1,103,033		$	191,839

	Net Sales to		Net Sales to									As of June 30,
For the three months ended	External		Other			Total Net			Segment			2012
June 30, 2012	Customers		Segments			Sales			Profit			Goodwill
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

(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.

Reconciliation of earnings before taxes to segment profit

A reconciliation of earnings before taxes to segment profit for the three and six month periods ended June 30 follows:

	Three Months Ended				Six Months Ended
	2013		2012		2013		2012
Earnings before taxes	$	90,873	$	81,726	$	160,009	$	151,034
Amortization	5,807		5,357		10,929		10,556
Interest expense	5,543		5,706		10,943		11,529
Restructuring charges	3,196		7,835		8,198		8,143
Other charges (income), net	987		433		1,760		589
Segment profit	$	106,406	$	101,057	$	191,839	$	181,851