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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2011
Operations of the Company's operating segments
 
Net Sales to
 
Net Sales to
 
 
 
 
 
 
For the three months ended
External
 
Other
 
Total Net
 
Segment
 
 
September 30, 2011
Customers
 
Segments
 
Sales
 
Profit
 
Goodwill (c)
U.S. Operations
$
173,449

 
$
20,160

 
$
193,609

 
$
33,139

 
$
307,631

Swiss Operations
38,945

 
109,015

 
147,960

 
29,687

 
23,988

Western European Operations
173,367

 
27,693

 
201,060

 
26,273

 
104,823

Chinese Operations
105,053

 
26,866

 
131,919

 
27,065

 
707

Other (a)
110,300

 
1,981

 
112,281

 
15,058

 
15,009

Eliminations and Corporate (b)

 
(185,715
)
 
(185,715
)
 
(32,705
)
 

Total
$
601,114

 
$

 
$
601,114

 
$
98,517

 
$
452,158


 
Net Sales to
 
Net Sales to
 
 
 
 
 
 
For the nine months ended
External
 
Other
 
Total Net
 
Segment
 
 
September 30, 2011
Customers
 
Segments
 
Sales
 
Profit
 
 
U.S. Operations
$
488,678

 
$
58,260

 
$
546,938

 
$
86,303

 
 
Swiss Operations
102,769

 
301,766

 
404,535

 
80,745

 
 
Western European Operations
493,646

 
79,370

 
573,016

 
65,349

 
 
Chinese Operations
275,611

 
91,636

 
367,247

 
82,197

 
 
Other (a)
300,264

 
4,316

 
304,580

 
35,165

 
 
Eliminations and Corporate (b)

 
(535,348
)
 
(535,348
)
 
(82,932
)
 
 
Total
$
1,660,968

 
$

 
$
1,660,968

 
$
266,827

 
 

 
Net Sales to
 
Net Sales to
 
 
 
 
 
 
For the three months ended
External
 
Other
 
Total Net
 
Segment
 
 
September 30, 2010
Customers
 
Segments
 
Sales
 
Profit
 
Goodwill (c)
U.S. Operations
$
158,363

 
$
13,856

 
$
172,219

 
$
30,860

 
$
319,145

Swiss Operations
27,147

 
85,307

 
112,454

 
22,857

 
19,732

Western European Operations
138,670

 
23,444

 
162,114

 
17,001

 
95,137

Chinese Operations
81,211

 
30,238

 
111,449

 
26,333

 
666

Other (a)
84,822

 
1,278

 
86,100

 
9,341

 
13,652

Eliminations and Corporate (b)

 
(154,123
)
 
(154,123
)
 
(20,632
)
 

Total
$
490,213

 
$

 
$
490,213

 
$
85,760

 
$
448,332


 
Net Sales to
 
Net Sales to
 
 
 
 
 
 
For the nine months ended
External
 
Other
 
Total Net
 
Segment
 
 
September 30, 2010
Customers
 
Segments
 
Sales
 
Profit
 
 
U.S. Operations
$
445,820

 
$
42,800

 
$
488,620

 
$
85,343

 
 
Swiss Operations
76,270

 
238,217

 
314,487

 
61,253

 
 
Western European Operations
414,738

 
65,098

 
479,836

 
51,633

 
 
Chinese Operations
208,809

 
77,060

 
285,869

 
65,086

 
 
Other (a)
229,776

 
2,955

 
232,731

 
19,962

 
 
Eliminations and Corporate (b)

 
(426,130
)
 
(426,130
)
 
(57,152
)
 
 
Total
$
1,375,413

 
$

 
$
1,375,413

 
$
226,125

 
 

(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 September 30, 2011 includes additions of $10.9 million in Western European Operations related to an acquisition in the third quarter of 2011 and additions of $1.9 million in U.S. Operations and $2.5 million in Swiss Operations related to acquisitions in the first quarter of 2011. See Note 3 for additional information. Goodwill as of September 30, 2010 included an addition of $7.4 million in Western European Operations related to our acquisition of a pipette distributor in the first quarter of 2010. Other goodwill changes are primarily related to foreign currency fluctuations.
Reconciliation of earnings before taxes to segment profit
 
Three Months Ended
 
Nine Months Ended
 
2011
 
2010
 
2011
 
2010
Earnings before taxes
$
87,058

 
$
76,862

 
$
231,673

 
$
197,422

Amortization
4,795

 
3,667

 
12,742

 
10,613

Interest expense
5,893

 
4,792

 
17,296

 
14,757

Restructuring charges
362

 
566

 
2,831

 
2,476

Other charges (income), net
409

 
(127
)
 
2,285

 
857

Segment profit
$
98,517

 
$
85,760

 
$
266,827

 
$
226,125