10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 10-Q

(Mark One)
ý	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2014

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from______________to __________

Commission file number 1-7928

BIO-RAD LABORATORIES, INC.

(Exact name of registrant as specified in its charter)

Delaware	94-1381833
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1000 Alfred Nobel Drive, Hercules, California	94547
(Address of principal executive offices)	(Zip Code)

(510) 724-7000

(Registrant's telephone number, including area code)

No Change

(Former name, former address and former fiscal year, if changed since last report.)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes    x      No     o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232,405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes    x      No     o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.  (Check one):

Large accelerated filer	x		Accelerated filer	o
Non-accelerated filer	o	(Do not check if smaller reporting company)	Smaller reporting company	o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes    o      No     x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Title of Class	Shares Outstanding at July 29, 2014
Class A Common Stock, Par Value $0.0001 per share	23,776,205
Class B Common Stock, Par Value $0.0001 per share	5,093,089

BIO-RAD LABORATORIES, INC.

FORM 10-Q JUNE 30, 2014

TABLE OF CONTENTS

Part I – Financial Information	3
Item 1. Financial Statements	3
Condensed Consolidated Balance Sheets	3
Condensed Consolidated Statements of Income	4
Condensed Consolidated Statements of Comprehensive Income	5
Condensed Consolidated Statements of Cash Flows	6
Notes to Condensed Consolidated Financial Statements	7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	25
Item 3. Quantitative and Qualitative Disclosures about Market Risk	33
Item 4. Controls and Procedures	33
Part II – Other Information	35
Item 1. Legal Proceedings	35
Item 1A. Risk Factors	35
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	47
Item 3. Defaults Upon Senior Securities	47
Item 4. Mine Safety Disclosures	47
Item 5. Other Information	47
Item 6. Exhibits	48
Signatures	49

2

PART I – FINANCIAL INFORMATION

Item 1.          Financial Statements

BIO-RAD LABORATORIES, INC.

Condensed Consolidated Balance Sheets

(In thousands, except share data)

	June 30, 2014			December 31, 2013
ASSETS:	(Unaudited)
Cash and cash equivalents	$	384,670		$	331,551
Short-term investments	262,908			277,369
Accounts receivable, net	378,891			422,660
Inventories:
Raw materials	112,878			105,708
Work in process	144,753			129,894
Finished goods	263,011			265,689
Total inventories	520,642			501,291
Prepaid expenses, taxes and other current assets	220,383			214,985
Total current assets	1,767,494			1,747,856
Property, plant and equipment, at cost	1,130,388			1,087,315
Less: accumulated depreciation and amortization	(690,062		)	(657,960		)
Property, plant and equipment, net	440,326			429,355
Goodwill, net	535,223			517,770
Purchased intangibles, net	292,547			266,188
Other investments	382,913			377,870
Other assets	49,248			49,751
Total assets	$	3,467,751		$	3,388,790
LIABILITIES AND STOCKHOLDERS’ EQUITY:
Accounts payable	$	125,461		$	148,510
Accrued payroll and employee benefits	134,905			130,658
Short-term interest payable	4,215			6,069
Notes payable and current maturities of long-term debt	1,725			1,786
Income taxes payable	14,509			11,494
Estimated loss contingency	39,800			30,000
Deferred tax liabilities	13,755			9,454
Other current liabilities	145,878			149,501
Total current liabilities	480,248			487,472
Long-term debt, net of current maturities	435,607			435,615
Other long-term liabilities	301,952			278,981
Total liabilities	1,217,807			1,202,068
Stockholders’ equity:
Class A common stock, shares issued 23,775,997 and 23,680,749 at 2014 and 2013, respectively; shares outstanding 23,775,875 and 23,680,627 at 2014 and 2013, respectively	2			2
Class B common stock, shares issued 5,094,306 and 5,096,780 at 2014 and 2013, respectively; shares outstanding 5,093,389 and 5,095,863 at 2014 and 2013, respectively	1			1
Additional paid-in capital	254,341			239,986
Class A treasury stock at cost, 122 shares at 2014 and 2013	(12		)	(12		)
Class B treasury stock at cost, 917 shares at 2014 and 2013	(89		)	(89		)
Retained earnings	1,644,416			1,606,117
Accumulated other comprehensive income	351,285			340,717
Total stockholders’ equity	2,249,944			2,186,722
Total liabilities and stockholders’ equity	$	3,467,751		$	3,388,790

The accompanying notes are an integral part of these condensed consolidated financial statements. 

3

BIO-RAD LABORATORIES, INC.

Condensed Consolidated Statements of Income

(In thousands, except per share data)

(Unaudited)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Net sales	$	536,832		$	525,321		$	1,046,176		$	1,024,993
Cost of goods sold	239,590			225,220			473,645			453,480
Gross profit	297,242			300,101			572,531			571,513
Selling, general and administrative expense	195,838			195,331			398,113			381,248
Research and development expense	55,717			51,841			108,260			102,184
Income from operations	45,687			52,929			66,158			88,081
Interest expense	5,564			11,664			9,421			22,641
Foreign currency exchange (gains) losses, net	(286		)	865			2,451			2,393
Other (income) expense, net	(8,388		)	(8,644		)	(9,049		)	(10,044		)
Income before income taxes	48,797			49,044			63,335			73,091
Provision for income taxes	(17,166		)	(14,442		)	(25,036		)	(18,317		)
Net income including noncontrolling interests	31,631			34,602			38,299			54,774
Net income attributable to noncontrolling interests	—			—			—			(21		)
Net income attributable to Bio-Rad	$	31,631		$	34,602		$	38,299		$	54,753
Basic earnings per share:
Net income per basic share attributable to Bio-Rad	$	1.10		$	1.21		$	1.33		$	1.92
Weighted average common shares - basic	28,826			28,538			28,809			28,516
Diluted earnings per share:
Net income per diluted share attributable to Bio-Rad	$	1.09		$	1.20		$	1.32		$	1.90
Weighted average common shares - diluted	29,092			28,868			29,076			28,843

The accompanying notes are an integral part of these condensed consolidated financial statements. 

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BIO-RAD LABORATORIES, INC.

Condensed Consolidated Statements of Comprehensive Income

(In thousands)

(Unaudited)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014		2013
Net income including noncontrolling interests	$	31,631		$	34,602		$	38,299	$	54,774
Other comprehensive (loss) income:
Foreign currency translation adjustments	2,107			(1,198		)	7,634		(35,590		)
Foreign other post-employment benefits adjustments, net of income taxes	118			(18		)	179		291
Net unrealized holding (losses) gains on available-for-sale (AFS) investments, net of income taxes	(23,538		)	(827		)	2,755		28,325
Other comprehensive (loss) income, net of income taxes	(21,313		)	(2,043		)	10,568		(6,974		)
Comprehensive income	10,318			32,559			48,867		47,800
Comprehensive (income) attributable to noncontrolling interests	—			—			—		(185		)
Comprehensive income attributable to Bio-Rad	$	10,318		$	32,559		$	48,867	$	47,615

Reclassification adjustments are calculated using the specific identification method.

The accompanying notes are an integral part of these condensed consolidated financial statements.

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BIO-RAD LABORATORIES, INC.

Condensed Consolidated Statements of Cash Flows

(In thousands, unaudited)

	Six Months Ended
	June 30,
	2014			2013
Cash flows from operating activities:
Cash received from customers	$	1,087,487		$	1,006,345
Cash paid to suppliers and employees	(918,152		)	(911,227		)
Interest paid	(10,912		)	(24,681		)
Income tax payments	(17,059		)	(42,102		)
Investment proceeds and miscellaneous receipts, net	10,283			10,926
Excess tax benefits from share-based compensation	(468		)	(499		)
(Payments for) proceeds from forward foreign exchange contracts, net	(1,355		)	4,992
Net cash provided by operating activities	149,824			43,754
Cash flows from investing activities:
Capital expenditures	(60,892		)	(58,598		)
Proceeds from dispositions of property, plant and equipment	338			1,088
Payments for acquisitions, net of cash received, and long-term investments	(42,010		)	(65,883		)
Payments for purchases of intangible assets	(15,382		)	(500		)
Payments for purchases of marketable securities and investments	(99,073		)	(276,835		)
Proceeds from sales of marketable securities and investments	44,875			98,588
Proceeds from maturities of marketable securities and investments	70,206			167,574
Net cash used in investing activities	(101,938		)	(134,566		)
Cash flows from financing activities:
Net payments on line-of-credit arrangements and notes payable	(62		)	(18		)
Payments on long-term borrowings	(118		)	(123		)
Payments of contingent consideration	—			(13,074		)
Proceeds from issuance of common stock	6,473			6,580
Payments of debt issuance costs for credit agreement	(463		)	—
Excess tax benefits from share-based compensation	468			499
Net cash provided by (used in) financing activities	6,298			(6,136		)
Effect of foreign exchange rate changes on cash	(1,065		)	559
Net increase (decrease) in cash and cash equivalents	53,119			(96,389		)
Cash and cash equivalents at beginning of period	331,551			463,388
Cash and cash equivalents at end of period	$	384,670		$	366,999
Reconciliation of net income including noncontrolling interests to net cash provided by operating activities:
Net income including noncontrolling interests	$	38,299		$	54,774
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities:
Depreciation and amortization	73,007			68,211
Share-based compensation	7,382			6,781
Losses (gains) on dispositions of securities	316			(103		)
Excess tax benefits from share-based compensation	(468		)	(499		)
Changes in fair value of contingent consideration	(5,339		)	(1,301		)
Decrease (increase) in accounts receivable	46,070			(6,477		)
Increase in inventories	(17,209		)	(37,093		)
Increase in other current assets	(3,360		)	(9,056		)
Decrease in accounts payable and other current liabilities	(1,004		)	(11,261		)
Increase (decrease) in income taxes payable	13,548			(26,681		)
Net decrease/increase in other long-term assets/liabilities	(1,418		)	6,459
Net cash provided by operating activities	$	149,824		$	43,754

The accompanying notes are an integral part of these condensed consolidated financial statements.

6

BIO-RAD LABORATORIES, INC

Notes to Condensed Consolidated Financial Statements

(Unaudited)

1.BASIS OF PRESENTATION AND USE OF ESTIMATES

Basis of Presentation

In this report, “Bio-Rad,” “we,” “us,” "the Company" and “our” refer to Bio-Rad Laboratories, Inc. and its subsidiaries.  The accompanying unaudited condensed consolidated financial statements of Bio-Rad have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and reflect all adjustments which are, in the opinion of management, necessary to fairly state the results of the interim periods presented.  All such adjustments are of a normal recurring nature, with the exception to the adjustments noted below.  Results for the interim period are not necessarily indicative of the results for the entire year.  The condensed consolidated balance sheet at December 31, 2013 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. The condensed consolidated financial statements should be read in conjunction with the notes to the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2013.

We evaluate subsequent events and the evidence they provide about conditions existing at the date of the balance sheet as well as conditions that arose after the balance sheet date but through the date the financial statements are issued.  The effects of conditions that existed at the balance sheet date are recognized in the financial statements. Events and conditions arising after the balance sheet date but before the financial statements are issued are evaluated to determine if disclosure is required to keep the financial statements from being misleading.  To the extent such events and conditions exist, disclosures are made regarding the nature of events and the estimated financial effects for those events and conditions.

Use of Estimates

The preparation of the condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting periods.   Bio-Rad bases its estimates on historical experience and on various other market-specific and other relevant assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ materially from those estimates.

CORRECTION OF IMMATERIAL ERRORS, AND RECLASSIFICATION OF CERTAIN AMOUNTS

Statement of Cash Flows

During the six month-period ended June 30, 2013, we reported payments for contingent consideration as cash outflows from investing activities in error. Amounts paid pertaining to the purchase accounting contingent liability should have been classified as cash outflows from financing activities. Amounts paid in excess of the purchase accounting contingent liability should have been classified as cash outflows from operating activities. We have adjusted the amounts previously reported in our Form 10-Q for the six-month period ended June 30, 2013 in conjunction with the filing of this 10-Q by reducing cash outflows from investing activities by $13.5 million and increasing cash outflows from financing activities and operating activities by $13.1 million and $0.4 million, respectively.

During the six month-period ended June 30, 2013, we reported payments for/proceeds from forward foreign exchange contracts as cash flows from investing activities in error. Cash flows from forward foreign exchange

7

contracts should have been classified as cash flows from operating activities. We have adjusted the amounts previously reported in our Form 10-Q for the six-month period ended June 30, 2013 in conjunction with the filing of this 10-Q by reducing cash inflows from investing activities by $5.0 million and increasing cash inflows from operating activities by $5.0 million.

Research and Development (R&D) Tax Credit

During the third quarter of 2013, we revised the classification of one item for all periods presented from “Provision for income taxes” to “Research and development expense” in our Condensed Consolidated Statements of Income to conform to the current year presentation. The item reclassified pertains to a refundable French R&D tax credit, which after the reclassification reduces Research and development expense. We believe this presentation is appropriate as we are not required to have taxable income in order to earn the credits. As a result of recording this reclassification, there is an additional impact to our income tax provision due to the application of our effective income tax rate throughout the year. This causes the income tax provision impact to not always equal the pre-tax impact on a quarterly basis, but it does equal on an annual basis. The effect of these items for the second quarter of 2013 were as follows: a reduction of $1.4 million to Research and development expense, an increase of $1.5 million to Provision for income taxes, and a decrease of $0.1 million to Net income attributable to Bio-Rad. The effect of these items for the six months ended June 30, 2013 were as follows: a reduction of $3.0 million to Research and development expense, an increase of $2.4 million to Provision for income taxes, and an increase of $0.6 million to Net income attributable to Bio-Rad.

Management evaluated the materiality of all the errors described above from a qualitative and quantitative perspective. Based on such evaluation, we have concluded that while these errors were significant to the quarter ended June 30, 2013, their correction impacted only the June 30, 2013 presentation and did not have an effect on the trend of financial results, taking into account the requirements of the Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements (SAB 108). Accordingly, we are correcting these errors in the second quarter of the 2014 Condensed Consolidated Financial Statements included in this Form 10-Q.

Recent Accounting Standards Updates

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605),” and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and is to be applied retrospectively, with early application not permitted. We are currently evaluating the impact of the adoption of this accounting standard update on our consolidated financial statements.

2.ACQUISITIONS

GnuBIO, Inc.

In April 2014, we acquired 100% of the issued and outstanding stock of GnuBIO, Inc. (GnuBIO). This acquisition was accounted for as a business combination as GnuBIO represents an integrated set of activities and assets capable of being conducted and managed for the purpose of providing a return and therefore constitutes a business in accordance with GAAP. The amount of acquisition-related costs was minimal as Bio-Rad primarily represented itself during the acquisition process. This business acquisition is included in our Clinical Diagnostics segment's results of operations from the acquisition date. We believe that GnuBIO's innovative DNA workflow is well-suited for the clinical diagnostics sequencing market and will leverage our leadership role in the area of droplet digital PCR.

8

The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill. The fair values assigned to tangible and identifiable intangible assets acquired and liabilities assumed are based on management’s estimates and assumptions. The deferred tax liability established was primarily a result of the difference in the book basis and tax basis related to the identifiable intangible assets. The estimated fair values of assets acquired and liabilities assumed, specifically deferred taxes, may be subject to change as additional information is received and certain tax returns are finalized. Thus the provisional measurements of fair value set forth below are subject to change. We expect to finalize the allocation once all relevant information is obtained by management, but will not extend beyond one year from the closing date of acquisition.

The preliminary fair values of the net assets acquired from GnuBIO as of the acquisition date were determined to be $46.4 million of indefinite-lived intangible assets (specifically in-process research and development or "IPR&D"), $15.2 million of goodwill and $11.2 million of net tangible liabilities. We do not expect the goodwill recorded to be deductible for income tax purposes.

Accounting guidance requires that the fair value of IPR&D acquired in a business combination be recorded on the balance sheet as of the acquisition date. Intangible assets related to IPR&D projects are considered to be indefinite-lived until completion or abandonment of the related project. During the period the assets are considered indefinite-lived, they will not be amortized but will be tested for impairment on an annual basis and between annual tests if we become aware of any events occurring or changes in circumstances that would indicate a reduction in the fair value of the projects below their respective carrying amounts. We perform our annual impairment tests at December 31. If and when it is determined that identified intangible assets are impaired, an impairment charge would be recorded. If and when development is considered complete, the associated assets would be deemed finite-lived and would then be amortized based on their respective remaining estimated useful lives.

The fair value of the consideration as of the acquisition date was $50.4 million, which includes $39.7 million paid in cash at the closing date and $10.7 million in contingent consideration potentially payable to GnuBIO's shareholders. The contingent consideration was based on a probability-weighted income approach that could reach $70.0 million upon the achievement of all development/regulatory and sales milestones. The contingent consideration for the development/regulatory milestones was valued at $10.7 million, based on assumptions regarding the probability of achieving the milestones, with such amounts discounted to present value. The contingent consideration for the sales milestones was determined to be negligible, using the risk-neutral probability of being in the money based on a Black-Scholes framework. See Note 3 for further discussion of the contingent consideration valuation and underlying assumptions.

AbD Serotec

In January 2013, we acquired 100% of the outstanding shares of AbD Serotec, a division of MorphoSys AG, for total consideration of $62.2 million (net of cash received of $7.3 million). This acquisition was accounted for as a business combination as AbD Serotec represented an integrated set of activities and assets that was capable of being conducted and managed for the purpose of providing a return and therefore constitutes a business in accordance with GAAP. The amount of acquisition-related costs was minimal as Bio-Rad primarily represented itself during the acquisition process. This business acquisition is included in our Life Science segment's results of operations from the acquisition date. We believe that with AbD Serotec's comprehensive catalog of antibodies, we are able to offer our customers total assay solutions that can be validated on many of our research platforms for western blotting, multiplex protein expression, ELISA and cell sorting.

The final fair values of the net assets acquired consist of definite-lived intangible assets of $44.0 million, goodwill of $14.9 million and net tangible assets of $3.3 million. A portion of the goodwill recorded is deductible for income tax purposes.

9

3.FAIR VALUE MEASUREMENTS

We determine the fair value of an asset or liability based on the assumptions that market participants would use in pricing the asset or liability in an orderly transaction between market participants at the measurement date.  The identification of market participant assumptions provides a basis for determining what inputs are to be used for pricing each asset or liability.  A fair value hierarchy has been established which gives precedence to fair value measurements calculated using observable inputs over those using unobservable inputs. This hierarchy prioritizes the inputs into three broad levels as follows:

• Level 1: Quoted prices in active markets for identical instruments

• Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments)

• Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments)

Financial assets and liabilities carried at fair value and measured on a recurring basis as of June 30, 2014 are classified in the hierarchy as follows (in millions):

	Level 1		Level 2		Level 3		Total
Financial Assets Carried at Fair Value:
Cash equivalents:
Commercial paper	$	—	$	22.3	$	—	$	22.3
U.S. government sponsored agencies	—		1.0		—		1.0
Foreign time deposits	21.3		—		—		21.3
Money market funds	4.1		—		—		4.1
Total cash equivalents (a)	25.4		23.3		—		48.7
Available-for-sale investments:
Corporate debt securities	—		120.4		—		120.4
Foreign brokered certificates of deposit	—		5.1		—		5.1
U.S. government sponsored agencies	—		42.0		—		42.0
Foreign government obligations	—		3.8		—		3.8
Municipal obligations	—		8.0		—		8.0
Marketable equity securities	328.8		—		—		328.8
Asset-backed securities	—		50.7		—		50.7
Total available-for-sale investments (b)	328.8		230.0		—		558.8
Forward foreign exchange contracts (c)	—		0.8		—		0.8
Total financial assets carried at fair value	$	354.2	$	254.1	$	—	$	608.3
Financial Liabilities Carried at Fair Value:
Forward foreign exchange contracts (d)	$	—	$	0.8	$	—	$	0.8
Contingent consideration (e)	—		—		26.1		26.1
Total financial liabilities carried at fair value	$	—	$	0.8	$	26.1	$	26.9

Financial assets and liabilities carried at fair value and measured on a recurring basis as of December 31, 2013 are classified in the hierarchy as follows (in millions):

10

	Level 1		Level 2		Level 3		Total
Financial Assets Carried at Fair Value:
Cash equivalents:
Commercial paper	$	—	$	7.0	$	—	$	7.0
Foreign time deposits	11.1		—		—		11.1
U.S. government sponsored agencies	—		1.2		—		1.2
Money market funds	1.2		—		—		1.2
Total cash equivalents (a)	12.3		8.2		—		20.5
Available-for-sale investments:
Corporate debt securities	—		132.5		—		132.5
Foreign brokered certificates of deposit	—		8.9		—		8.9
U.S. government sponsored agencies	—		39.1		—		39.1
Foreign government obligations	—		5.6		—		5.6
Municipal obligations	—		11.0		—		11.0
Marketable equity securities	325.2		—		—		325.2
Asset-backed securities	—		48.6		—		48.6
Total available-for-sale investments (b)	325.2		245.7		—		570.9
Forward foreign exchange contracts (c)	—		0.6		—		0.6
Total financial assets carried at fair value	$	337.5	$	254.5	$	—	$	592.0
Financial Liabilities Carried at Fair Value:
Forward foreign exchange contracts (d)	$	—	$	1.1	$	—	$	1.1
Contingent consideration (e)	—		—		20.8		20.8
Total financial liabilities carried at fair value	$	—	$	1.1	$	20.8	$	21.9

(a) Cash equivalents are included in Cash and cash equivalents in the Condensed Consolidated Balance Sheets.

(b) Available-for-sale investments are included in the following accounts in the Condensed Consolidated Balance Sheets (in millions):

	June 30, 2014		December 31, 2013
Short-term investments	$	262.9	$	277.4
Other investments	295.9		293.5
Total	$	558.8	$	570.9

(c) Forward foreign exchange contracts in an asset position are included in Prepaid expenses, taxes and other current assets in the Condensed Consolidated Balance Sheets.

(d) Forward foreign exchange contracts in a liability position are included in Other current liabilities in the Condensed Consolidated Balance Sheets.

(e) Contingent consideration liability is included in the following accounts in the Condensed Consolidated Balance Sheets (in millions):

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	June 30, 2014		December 31, 2013
Other current liabilities	$	2.7	$	6.1
Other long-term liabilities	23.4		14.7
Total	$	26.1	$	20.8

During the third quarter of 2012, we recognized a contingent consideration liability upon our acquisition of a new cell sorting system from Propel Labs, Inc. The fair value of the contingent consideration was based on a probability-weighted income approach related to the achievement of certain development and sales milestones. The development milestone was achieved and paid in 2013. Based on the most recent valuation, the sales milestones could potentially range from $0 to a maximum of 60.0%, 51.32% and 50.38% of annual cell sorting system purchase orders starting September 2013, September 2014 and September 2015, with payment to occur upon the anniversary of the completion of a certain number of cell sorting systems for three consecutive years, respectively. These maximum payout ratios begin at annual cell sorting system purchase orders in excess of $20 million, $30 million and $45 million for the three consecutive years, respectively. The contingent consideration was revalued by a reduction of $5.4 million in 2014 to Selling, general and administrative expense to its estimated fair value of $15.4 million as of June 30, 2014.

During the second quarter of 2014, we recognized a contingent consideration liability upon our acquisition of GnuBIO. The contingent consideration was based on a probability-weighted income approach that could reach $70.0 million upon the achievement of all development/regulatory and sales milestones. The contingent consideration for the development/regulatory milestones was valued at $10.7 million, based on assumptions regarding the probability of achieving the milestones, with such amounts discounted to present value. The contingent consideration for the sales milestones was determined to be negligible, using the risk-neutral probability of being in the money based on a Black-Scholes framework.

The following table provides a reconciliation of the Level 3 contingent consideration liability measured at estimated fair value based on original valuations and updated quarterly for the six months ended June 30, 2014 (in millions):

	2014
January 1	$	20.8
Decrease in estimated fair value of contingent consideration included in Selling, general and administrative expense - Cell sorting system	(5.4		)
Acquisition of GnuBIO	10.7
June 30	$	26.1

The following table provides quantitative information about Level 3 inputs for fair value measurement of our contingent consideration liability as of June 30, 2014. Significant increases or decreases in these inputs in isolation could result in a significantly lower or higher fair value measurement.

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			Range
	Valuation Technique	Unobservable Input	From	To
Cell sorting system	Probability-weighted income approach	Sales milestones:
		Credit adjusted discount rates	0.42%	1.29%
		Projected volatility of growth rate	8%	20%
		Market price of risk	1.25%	N/A
GnuBIO	Probability-weighted income approach	Development/regulatory milestones:
		Cumulative milestones probability	75.0%	42.2%
		Discount Rate	0.67%	0.83%
		Sales milestones:
		Cumulative milestones probability	0.001%	0.0%
		Discount Rate	1.1%	2.2%

To estimate the fair value of Level 2 debt securities as of June 30, 2014 and December 31, 2013, our primary pricing provider uses S&P Capital IQ as the primary pricing source. Our pricing process allows us to select a hierarchy of pricing sources for securities held. The chosen pricing hierarchy for our Level 2 securities, other than certificates of deposit and commercial paper, is S&P Capital IQ as the primary pricing source and then our custodian as the secondary pricing source. If S&P Capital IQ does not price a Level 2 security that we hold, then the pricing provider will utilize our custodian supplied pricing.

For commercial paper as of June 30, 2014 and December 31, 2013, pricing is determined by a straight-line calculation, starting with the purchase price on the date of purchase and increasing to par at maturity. Interest bearing certificates of deposit and commercial paper are priced at par.

In addition to the above, our primary pricing provider performed daily reasonableness testing of the S&P Capital IQ prices to custodian reported prices. Prices outside a tolerable variance of approximately 1% are investigated and resolved.

Available-for-sale investments consist of the following (in millions):

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	June 30, 2014
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
Short-term investments:
Corporate debt securities	$	120.0	$	0.5	$	(0.1	)	$	120.4
Foreign brokered certificates of deposit	5.1		—		—			5.1
Municipal obligations	8.1		—		(0.1		)	8.0
Asset-backed securities	50.4		0.1		(0.1		)	50.4
U.S. government sponsored agencies	41.9		0.1		—			42.0
Foreign government obligations	3.8		—		—			3.8
Marketable equity securities	26.6		6.6		—			33.2
	255.9		7.3		(0.3		)	262.9
Long-term investments:
Marketable equity securities	54.5		241.1		—			295.6
Asset-backed securities	0.3		—		—			0.3
	54.8		241.1		—			295.9
Total	$	310.7	$	248.4	$	(0.3	)	$	558.8

	December 31, 2013
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
Short-term investments:
Corporate debt securities	$	132.6	$	0.3	$	(0.4	)	$	132.5
Foreign brokered certificates of deposit	8.9		—		—			8.9
Municipal obligations	11.1		—		(0.1		)	11.0
Asset-backed securities	48.4		0.1		(0.2		)	48.3
U.S. government sponsored agencies	39.1		0.1		(0.1		)	39.1
Foreign government obligations	5.6		—		—			5.6
Marketable equity securities	26.6		5.4		—			32.0
	272.3		5.9		(0.8		)	277.4
Long-term investments:
Marketable equity securities	54.5		238.7		—			293.2
Asset-backed securities	0.4		—		(0.1		)	0.3
	54.9		238.7		(0.1		)	293.5
Total	$	327.2	$	244.6	$	(0.9	)	$	570.9

The following is a summary of investments with gross unrealized losses and the associated fair value (in millions):

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	June 30, 2014		December 31, 2013
Fair value of investments in a loss position 12 months or more	$	13.2	$	2.3
Fair value of investments in a loss position less than 12 months	$	31.3	$	73.9
Gross unrealized losses for investments in a loss position 12 months or more	$	0.2	$	0.1
Gross unrealized losses for investments in a loss position less than 12 months	$	0.1	$	0.8

The unrealized losses on these securities are due to a number of factors, including changes in interest rates, changes in economic conditions and changes in market outlook for various industries, among others.  Because Bio-Rad has the ability and intent to hold these investments with unrealized losses until a recovery of fair value, or for a reasonable period of time sufficient for a forecasted recovery of fair value, which may be maturity, we do not consider these investments to be other-than-temporarily impaired at June 30, 2014 or at December 31, 2013.

As part of distributing our products, we regularly enter into intercompany transactions.  We enter into forward foreign exchange contracts to manage foreign exchange risk of future movements in foreign exchange rates that affect foreign currency denominated intercompany receivables and payables.  We do not use derivative financial instruments for speculative or trading purposes.  We do not seek hedge accounting treatment for these contracts.  As a result, these contracts, generally with maturity dates of 90 days or less and denominated primarily in currencies of industrial countries, are recorded at their fair value at each balance sheet date.  The notional principal amounts provide one measure of the transaction volume outstanding as of June 30, 2014 and do not represent the amount of Bio-Rad's exposure to loss. The estimated fair value of these contracts was derived using the spot rates from Reuters on the last business day of the quarter and the points provided by counterparties.  The resulting gains or losses offset exchange gains or losses on the related receivables and payables, both of which are included in Foreign exchange losses, net in the unaudited interim Condensed Consolidated Statements of Income.

The following is a summary of our forward foreign exchange contracts (in millions):

	June 30,
	2014
Contracts maturing in July through September 2014 to sell foreign currency:
Notional value	$	89.4
Unrealized gain	$	0.2
Contracts maturing in July through September 2014 to purchase foreign currency:
Notional value	$	383.6
Unrealized loss	$	(0.2	)

The following is a summary of the amortized cost and estimated fair value of our debt securities at June 30, 2014 by contractual maturity date (in millions):

	Amortized Cost		Estimated Fair Value
Mature in less than one year	$	71.4	$	71.5
Mature in one to five years	118.0		118.3
Mature in more than five years	40.2		40.2
Total	$	229.6	$	230.0

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The estimated fair value of financial instruments that are not recognized at fair value in the Condensed Consolidated Balance Sheets and are included in Other investments, are presented in the table below. Fair value has been determined using significant observable inputs, including quoted prices in active markets for similar instruments.  Estimates are not necessarily indicative of the amounts that could be realized in a current market exchange as considerable judgment is required in interpreting market data used to develop estimates of fair value. The use of different market assumptions or estimation techniques could have a material effect on the estimated fair value.  Other investments include financial instruments, the majority of which have fair value based on similar, actively traded stock adjusted for various discounts, including a discount for marketability.  Long-term debt, excluding leases and current maturities, has an estimated fair value based on quoted market prices for the same or similar issues.

The estimated fair value of the financial instruments discussed above and the level of the fair value hierarchy within which the fair value measurement is categorized are as follows (in millions):

	June 30, 2014					December 31, 2013
	Carrying  Amount		Estimated  Fair  Value		Fair Value Hierarchy Level	Carrying  Amount		Estimated  Fair  Value		Fair Value Hierarchy Level
Other investments	$	80.2	$	390.6	2	$	77.5	$	382.9	2
Total long-term debt, excluding leases and current maturities (a)	$	423.3	$	450.1	2	$	423.2	$	433.0	2

(a) The carrying amount of our capital leases at June 30, 2014 and December 31, 2013 was approximately $12.5 million and $12.6 million respectively. We believe these amounts approximate fair value due to the market rates inherent in the leases.

We own shares of ordinary voting stock of Sartorius AG (Sartorius), of Goettingen, Germany, a process technology supplier to the biotechnology, pharmaceutical, chemical and food and beverage industries.  We own over 35% of the outstanding voting shares (excluding treasury shares) of Sartorius as of June 30, 2014.  The Sartorius family trust and Sartorius family members hold a controlling interest of the outstanding voting shares. We do not have any representative or designee on Sartorius’ Board of Directors, nor do we have the ability to exercise significant influence over the operating and financial policies of Sartorius.  We account for this investment using the cost method.  The carrying value of this investment is included in Other investments in our Condensed Consolidated Balance Sheets. As the stock is thinly traded and in conjunction with the valuation method discussed above, we have classified the estimated fair value as Level 2. The Level 2 classification is appropriate given the valuation method employed, which incorporates an observable input of the fair value of the Sartorius’ actively traded preferred stock.

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4.GOODWILL AND OTHER PURCHASED INTANGIBLE ASSETS

Changes to goodwill by segment were as follows (in millions):

	Life Science			Clinical Diagnostics			Total
Balances as of January 1, 2014:
Goodwill	$	209.0		$	337.0		$	546.0
Accumulated impairment losses	(27.2		)	(1.0		)	(28.2		)
Goodwill, net	181.8			336.0			517.8
Acquisitions	—			15.2			15.2
Currency fluctuations	—			2.2			2.2
Balances as of June 30, 2014:
Goodwill	209.0			354.4			563.4
Accumulated impairment losses	(27.2		)	(1.0		)	(28.2		)
Goodwill, net	$	181.8		$	353.4		$	535.2

In conjunction with the acquisition of GnuBIO (see Note 2), we have preliminarily recorded $15.2 million of goodwill and $46.4 million of in-process research and development, an indefinite-lived intangible asset. These amounts may change upon completion of the allocation.

Information regarding our identifiable purchased intangible assets with definite and indefinite lives is as follows (in millions):

	June 30, 2014
	Average Remaining Life (years)	Purchase Price		Accumulated Amortization			Net Carrying Amount
Customer relationships/lists	3-11	$	100.8	$	(45.2	)	$	55.6
Know how	1-11	195.3		(100.4		)	94.9
Developed product technology	1-13	110.7		(41.8		)	68.9
Licenses	1-12	45.0		(24.2		)	20.8
Tradenames	1-10	4.4		(2.4		)	2.0
Covenants not to compete	5-8	4.9		(1.0		)	3.9
Other	—	0.6		(0.6		)	—
Total definite-lived intangible assets		461.7		(215.6		)	$	246.1
In-process research and development		46.4		—			$	46.4
Total purchased intangible assets		$	508.1	$	(215.6	)	$	292.5

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	December 31, 2013
	Average Remaining Life (years)	Purchase Price		Accumulated Amortization			Net Carrying Amount
Customer relationships/lists	1-11	$	99.8	$	(41.1	)	$	58.7
Know how	2-12	194.6		(89.3		)	105.3
Developed product technology	1-13	109.5		(36.2		)	73.3
Licenses	1-12	44.9		(22.4		)	22.5
Tradenames	1-9	4.3		(2.1		)	2.2
Covenants not to compete	5-9	4.9		(0.7		)	4.2
Other	—	0.6		(0.6		)	—
Total purchased intangible assets		$	458.6	$	(192.4	)	$	266.2

Amortization expense related to purchased intangible assets is as follows (in millions):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Amortization expense	$	11.0	$	11.1	$	21.9	$	22.2

5.PRODUCT WARRANTY LIABILITY

We warrant certain equipment against defects in design, materials and workmanship, generally for a period of one year.  Upon delivery of that equipment, we establish, as part of Cost of goods sold, a provision for the expected costs of such warranty based on historical experience, specific warranty terms and customer feedback.  A review is performed on a quarterly basis to assess the adequacy of our warranty accrual.

Components of the warranty accrual, included in Other current liabilities and Other long-term liabilities in the Condensed Consolidated Balance Sheets, were as follows (in millions):

January 1, 2014	$	15.6
Provision for warranty	10.4
Actual warranty costs	(10.4		)
June 30, 2014	$	15.6

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6.    LONG-TERM DEBT

The principal components of long-term debt are as follows (in millions):

	June 30, 2014			December 31, 2013
4.875% Senior Notes due 2020, net of discount	$	423.3		$	423.2
Capital leases and other debt	12.5			12.6
	435.8			435.8
Less current maturities	(0.2		)	(0.2		)
Long-term debt	$	435.6		$	435.6

Senior Notes due 2020

In December 2010, Bio-Rad sold $425.0 million principal amount of Senior Notes due 2020 (4.875% Notes).  The sale yielded net cash proceeds of $422.6 million at an effective rate of 4.946%.  The 4.875% Notes pay a fixed rate of interest of 4.875% per year.  We have the option to redeem any or all of the 4.875% Notes at any time at a redemption price of 100% of the principal amount (plus a specified make-whole premium as defined in the indenture governing the 4.875% Notes) and accrued and unpaid interest thereon to the redemption date.  Our obligations under the 4.875% Notes are not secured and rank equal in right of payment with all of our existing and future unsubordinated indebtedness.  Certain covenants apply at each year end to the 4.875% Notes including limitations on the following: liens, sale and leaseback transactions, mergers, consolidations or sales of assets and other covenants. There are no restrictive covenants relating to total indebtedness, interest coverage, stock repurchases, recapitalizations, dividends and distributions to shareholders or current ratios.

Credit Agreement

In June 2014, Bio-Rad entered into a $200.0 million unsecured Credit Agreement, replacing the Amended and Restated Credit Agreement of June 2010, which expired on June 21, 2014. Borrowings under the Credit Agreement are on a revolving basis and can be used to make permitted acquisitions, for working capital and for other general corporate purposes. We had no outstanding borrowings under the Credit Agreement as of June 30, 2014, however $5.0 million was utilized for domestic standby letters of credit that reduced our borrowing availability. The Credit Agreement matures in June 2019. If we had borrowed against our Credit Agreement, the borrowing rate would have been 1.5% at June 30, 2014 .

The Credit Agreement requires Bio-Rad to comply with certain financial ratios and covenants, among other things. These ratios and covenants include a leverage ratio test and an interest coverage test, as well as restrictions on our ability to declare or pay dividends, incur debt, guarantee debt, enter into transactions with affiliates, merge or consolidate, sell assets, make investments and create liens.  We were in compliance with all of these ratios and covenants as of June 30, 2014.

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7.    ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income included in our Condensed Consolidated Balance Sheets consists of the following components (in millions):

	Foreign currency translation adjustments		Foreign Other post-employment benefits adjustments			Net unrealized holding gains on available-for-sale investments			Bio-Rad Accumulated other comprehensive income			Non-controlling interests		Total Accumulated other comprehensive income
Balances as of January 1, 2014:	$	189.4	$	(8.1	)	$	159.4		$	340.7		$	—	$	340.7
Other comprehensive income, before reclassifications	7.6		—			4.3			11.9			—		11.9
Amounts reclassified from Accumulated other comprehensive income	—		0.2			—			0.2			—		0.2
Income tax effects	—		—			(1.5		)	(1.5		)	—		(1.5		)
Other comprehensive income, net of income taxes	7.6		0.2			2.8			10.6			—		10.6
Balances as of June 30, 2014:	$	197.0	$	(7.9	)	$	162.2		$	351.3		$	—	$	351.3

	Foreign currency translation adjustments			Foreign Other post-employment benefits adjustments			Net unrealized holding gains on available-for-sale investments			Bio-Rad Accumulated other comprehensive income			Non-controlling interests			Total Accumulated other comprehensive income
Balances as of January 1, 2013:	$	172.9		$	(8.1	)	$	109.7		$	274.5		$	(0.2	)	$	274.3
Other comprehensive (loss) income, before reclassifications	(35.6		)	0.1			45.1			9.6			—			9.6
Amounts reclassified from Accumulated other comprehensive income	(0.2		)	0.2			(0.2		)	(0.2		)	0.2			—
Income tax effects	—			—			(16.6		)	(16.6		)	—			(16.6		)
Other comprehensive (loss) income, net of income taxes	(35.8		)	0.3			28.3			(7.2		)	0.2			(7.0		)
Balances as of June 30, 2013:	$	137.1		$	(7.8	)	$	138.0		$	267.3		$	—		$	267.3

The amounts reclassified out of Accumulated other comprehensive income into the Condensed Consolidated Statements of Income, with presentation location, were as follows:

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	Income before taxes impact (in millions)
		Three Months Ended						Six Months Ended
		June 30,						June 30,
Components of Comprehensive income		2014			2013			2014			2013			Location
Amortization of foreign other post-employment benefit items		$	(0.1	)	$	(0.1	)	$	(0.2	)	$	(0.2	)	Selling, general and administrative expense
Net holding (losses) gains on available-for-sale investments		$	—		$	—		$	—		$	0.2		Other (income) expense, net

8.    EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income attributable to Bio-Rad by the weighted average number of common shares outstanding for that period.  Diluted earnings per share takes into account the effect of dilutive instruments, such as stock options and restricted stock, and uses the average share price for the period in determining the number of potential common shares that are to be added to the weighted average number of shares outstanding.  Potential common shares are excluded from the diluted earnings per share calculation if the effect of including such securities would be anti-dilutive.

The weighted average number of common shares outstanding used to calculate basic and diluted earnings per share, and the anti-dilutive shares that are excluded from the diluted earnings per share calculation are as follows (in thousands):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2014	2013	2014	2013
Basic weighted average shares outstanding	28,826	28,538	28,809	28,516
Effect of potentially dilutive stock options and restricted stock awards	266	330	267	327
Diluted weighted average common shares	29,092	28,868	29,076	28,843
Anti-dilutive shares	107	92	94	92

9.    OTHER INCOME AND EXPENSE, NET

Other (income) expense, net includes the following components (in millions):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Interest and investment income	$	(8.5	)	$	(7.8	)	$	(9.2	)	$	(9.1	)
Net realized gains on investments	—			—			—			(0.2		)
Miscellaneous other expense (income) items, net	0.1			(0.8		)	0.2			(0.7		)
Other (income) expense, net	$	(8.4	)	$	(8.6	)	$	(9.0	)	$	(10.0	)

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10.    INCOME TAXES

Our effective income tax rate was 35% and 29% for the three months ended June 30, 2014 and 2013, respectively. Our effective income tax rate was 40% and 25% for the first half of 2014 and 2013, respectively. The effective tax rate for the second quarter of 2014 was higher due to an increase in tax liabilities, losses incurred in foreign jurisdictions for which no income tax benefit is expected, and due to adjustments principally related to filings of foreign tax returns. The effective income tax rate for the first half of 2014 does not include a benefit of the U.S. federal research credit as it has not been extended beyond 2013. In addition, the effective tax rate for the first half of 2014 includes adjustments principally related to state taxes. The effective tax rate for the first half of 2013 reflected a significant tax benefit related to the 2012 U.S. federal research credit, which was retroactively reinstated on January 2, 2013.

Our foreign taxes for all periods resulted primarily from taxable income earned in France and Switzerland. Switzerland's statutory tax rate is significantly lower than the U.S. statutory tax rate of 35%. Also, our effective tax rates for all periods are generally reduced by French tax incentives related to our research and development activities.

We file federal, state and foreign income tax returns in many jurisdictions in the United States and abroad. Our income tax returns are audited by federal, state and foreign tax authorities. We are currently under examination by the Internal Revenue Service (IRS) for the 2009 and 2010 tax years and by various state and foreign jurisdictions. There are differing interpretations of tax laws and regulations, and as a result, significant disputes may arise with these tax authorities involving issues of the timing and amount of deductions and allocations of income among various tax jurisdictions. We evaluate our exposures associated with our tax filing positions on a quarterly basis.

We record liabilities for unrecognized tax benefits related to uncertain tax positions. We do not believe any currently pending uncertain tax positions will have a material adverse effect on our condensed consolidated financial statements, although an adverse resolution of one or more of these uncertain tax positions in any period may have a material impact on the results of operations for that period.

As of June 30, 2014, based on the expected outcome of certain examinations or as a result of the expiration of statute of limitations for certain jurisdictions, we believe that within the next 12 months it is reasonably possible that our previously unrecognized tax benefits could decrease by approximately $1.4 million. Substantially all such amounts will impact our effective income tax rate.

11.    SEGMENT INFORMATION

Information regarding industry segments for the three months ended June 30, 2014 and 2013 is as follows (in millions):

		Life Science			Clinical Diagnostics		Other Operations
Segment net sales	2014	$	170.3		$	362.9	$	3.6
	2013	$	170.4		$	351.5	$	3.4
Segment net (loss) profit	2014	$	(7.2	)	$	50.1	$	0.1
	2013	$	(7.7	)	$	49.9	$	0.1

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Information regarding industry segments for the six months ended June 30, 2014 and 2013 is as follows (in millions):

		Life Science			Clinical Diagnostics		Other Operations
Segment net sales	2014	$	331.8		$	707.2	$	7.2
	2013	$	326.6		$	691.4	$	7.0
Segment net (loss) profit	2014	$	(13.9	)	$	82.6	$	0.1
	2013	$	(20.6	)	$	87.6	$	0.2

Segment results are presented in the same manner as we present our operations internally to make operating decisions and assess performance.  Net corporate operating, interest and other expense for segment results consists of receipts and expenditures that are not the primary responsibility of segment operating management and therefore are not allocated to the segments for performance assessment by our chief operating decision maker.  The three months ended March 31, 2014 included an additional accrual of $8.0 million in connection with our ongoing efforts to resolve the SEC and DOJ investigations relating to the FCPA (see Note 12). Interest expense is charged to segments based on the carrying amount of inventory and receivables employed by that segment.  The following reconciles total segment profit to consolidated income before taxes (in millions):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Total segment profit	$	43.0		$	42.3		$	68.8		$	67.2
Foreign currency exchange gains (losses), net	0.3			(0.9		)	(2.5		)	(2.4		)
Net corporate operating, interest and other expense not allocated to segments	(2.9		)	(1.0		)	(12.0		)	(1.7		)
Other income (expense), net	8.4			8.6			9.0			10.0
Consolidated income before income taxes	$	48.8		$	49.0		$	63.3		$	73.1

12.    LEGAL PROCEEDINGS

Based on an internal investigation, we identified conduct in certain of our overseas operations that may have violated the anti-bribery provisions of the United States Foreign Corrupt Practices Act (FCPA) and is likely to have violated the FCPA's books and records and internal controls provisions and our own internal policies.  In May 2010, we voluntarily disclosed these matters to the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), each of which commenced an investigation.  The Audit Committee of our Board of Directors (Audit Committee) assumed direct responsibility for reviewing these matters and hired experienced independent counsel to conduct an investigation and provide legal advice.  We provided additional information to the DOJ and the SEC as the Audit Committee's investigation progressed. We continue to cooperate with the DOJ and SEC investigations and to provide information to them.

The DOJ and SEC investigations are continuing and we are presently unable to predict the duration, scope or results of these investigations or whether either agency will commence any legal actions.  The DOJ and the SEC have a broad range of civil and criminal sanctions under the FCPA and other laws and regulations including, but not limited to, injunctive relief, disgorgement, fines, penalties, modifications to business practices including the termination or modification of existing business relationships, the imposition of compliance programs and the retention of a monitor to oversee compliance with the FCPA.  While we have been engaged in discussions with the DOJ and SEC concerning a resolution of these matters, we are unable to estimate a range of reasonably possible

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outcomes of this matter that differs from our aggregate accrual for the Estimated loss contingency recorded as of June 30, 2014 of $43.0 million, including $3.2 million of accrued interest. The amount that was accrued during the first quarter of 2014 for the Estimated loss contingency was $8.0 million, of which $9.8 million was expensed to Selling, general and administrative expense and $1.8 million reduced Interest expense. The imposition of any of these sanctions or remedial measures could have a material adverse effect on our business or financial condition. We have not to date determined whether any of the activities in question violated the laws of the foreign jurisdictions in which they took place.

On April 13, 2011, a shareholder derivative lawsuit was filed against each of our directors in the Superior Court for Contra Costa County, California.  The case, which also names the Company as a nominal defendant, is captioned City of Riviera Beach General Employees' Retirement System v. David Schwartz, et al., Case No. MSC11-00854. In the complaint, the plaintiff alleges that our directors breached their fiduciary duties by failing to ensure that we had sufficient internal controls and systems for compliance with the FCPA.  Purportedly seeking relief on our behalf, the plaintiff seeks an award of unspecified compensatory and punitive damages, costs and expenses (including attorneys' fees), and a declaration that our directors have breached their fiduciary duties. We and the individual defendants filed a demurrer requesting dismissal of the complaint in this case, as well as a motion to stay this matter pending resolution of the above-referenced investigations by the DOJ and SEC. Following a hearing on September 30, 2011, the court sustained our demurrer and dismissed the complaint, without prejudice, and granted the plaintiff additional time to file an amended complaint.   The court denied our motion to stay this matter because it dismissed the complaint. The parties have agreed to a stipulated dismissal of this case, without prejudice, and to a tolling of the statute of limitations pending the resolution of the DOJ and SEC investigations.

The General Inspection Team of the Shanghai Administration for Industry and Commerce (the “Shanghai AIC”), which is the local counterpart of China’s State Administration for Industry and Commerce, has commenced an investigation of our business practices in China. Specifically, the Shanghai AIC is investigating whether certain of our selling arrangements may have violated China’s Anti Unfair Competition Law and other relevant laws and regulations. In addition, China’s Bureau of Market Supervision and Administration, through its local counterpart in Pudong New District, Shanghai (“Bureau”) has begun a review of our importation practices with respect to certain of our products. At this time, we cannot predict whether the review will culminate into a formal investigation. We are cooperating with both administrative authorities in China. These authorities have the power to impose fines, penalties, seek disgorgement of profits and cause us to modify our business practices in China. However, neither the investigation or review has concluded and therefore, we are not in a position to assess whether they will affect our business or operating results in China.

In addition, we are party to various other claims, legal actions and complaints arising in the ordinary course of business.  We do not believe, at this time, that any ultimate liability resulting from any of these other matters will have a material adverse effect on our results of operations, financial position or liquidity.  However, we cannot give any assurance regarding the ultimate outcome of these other matters and their resolution could be material to our operating results for any particular period, depending on the level of income for the period.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

This discussion should be read in conjunction with the information contained in both our Consolidated Financial Statements for the year ended December 31, 2013 and the financial statements for the three and six months ended June 30, 2014.

Other than statements of historical fact, statements made in this report include forward looking statements, such as statements with respect to our future financial performance, operating results, plans and objectives that involve risk and uncertainties.  Forward-looking statements generally can be identified by the use of forward-looking terminology, such as “believe,” “expect,” “may,” “will,” “intend,” “estimate,” “continue,” or similar expressions or the negative of those terms or expressions.  Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements.  We have based these forward looking statements on our current expectations and projections about future events.  However, actual results may differ materially from those currently anticipated depending on a variety of risk factors including among other things: changes in general domestic and worldwide economic conditions; our ability to successfully develop and market new products; our reliance on and access to necessary intellectual property; our ability to successfully integrate any acquired business; our substantial leverage and ability to service our debt; competition in and government regulation of the industries in which we operate; and the monetary policies of various countries. We caution you not to place undue reliance on forward-looking statements, which reflect an analysis only and speak only as of the date hereof.  We undertake no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events, or otherwise except as required by Federal Securities law.

Overview.  We are a multinational manufacturer and worldwide distributor of our own life science research and clinical diagnostics products.  Our business is organized into two reportable segments, Life Science and Clinical Diagnostics, with the mission to provide scientists with specialized tools needed for biological research and clinical diagnostics.  

We sell more than 8,000 products and services to a diverse client base comprised of scientific research, healthcare, education and government customers worldwide. We do not disclose quantitative information about our different products and services as it is impractical to do so based primarily on the numerous products and services that we sell and the global markets that we serve.

We manufacture and supply our customers with a range of reagents, apparatus and equipment to separate complex chemical and biological materials and to identify, analyze and purify components.  Because our customers require standardization for their experiments and test results, much of our revenues are recurring.  

We are impacted by the support of many governments for both research and healthcare. The current global economic outlook remains uncertain as the need to control government social spending by many governments limits opportunities for growth. Approximately 32% of our year-to-date 2014 consolidated net sales are derived from the United States and approximately 68% are derived from international locations, with Europe being our largest region overall.  Our international sales are largely denominated in local currencies such as Euros, Swiss Franc, Japanese Yen, China Yuan and British Sterling.  As a result, our consolidated net sales expressed in dollars benefit when the U.S. dollar weakens and suffer when the dollar strengthens.  When the U.S. dollar strengthens, we benefit from lower cost of sales from our own international manufacturing sites as well as non-U.S. suppliers, and from lower international operating expenses.

In April 2014, we acquired 100% of the issued and outstanding stock of GnuBIO, Inc. (GnuBIO). This acquisition was accounted for as a business combination and is included in our Clinical Diagnostics segment's results of operations from the acquisition date. The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill. The fair values assigned to tangible and identifiable intangible assets acquired and liabilities assumed are based on management’s estimates and assumptions. The deferred tax liability established was primarily a result of the difference in the book basis and tax

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basis related to the identifiable intangible assets. The estimated fair values of assets acquired and liabilities assumed, specifically deferred taxes, may be subject to change as additional information is received and certain tax returns are finalized. Thus the provisional measurements of fair value set forth below are subject to change. We expect to finalize the allocation once all relevant information is obtained by management, but will not extend beyond one year from the closing date of acquisition.

The preliminary fair values of the net assets acquired from GnuBIO as of the acquisition date were determined to be $46.4 million of indefinite-lived intangible assets (specifically in-process research and development), $15.2 million of goodwill and $11.2 million of net tangible liabilities. The fair value of the consideration as of the acquisition date was $50.4 million, which includes $39.7 million paid in cash at the closing date and $10.7 million in contingent consideration potentially payable to GnuBIO's shareholders. The contingent consideration was based on a probability-weighted income approach that could reach $70.0 million upon the achievement of all development/regulatory and sales milestones. The contingent consideration for the development/regulatory milestones was valued at $10.7 million, based on assumptions regarding the probability of achieving the milestones, with such amounts discounted to present value. The contingent consideration for the sales milestones was determined to be negligible, using the risk-neutral probability of being in the money based on a Black-Scholes framework. We believe that GnuBIO's innovative DNA workflow is well-suited for the clinical diagnostics sequencing market and will leverage our leadership role in the area of droplet digital PCR.

In January 2013, we acquired 100% of the outstanding shares of AbD Serotec, a division of MorphoSys AG, for total consideration of $62.2 million (net of cash received of $7.3 million). This acquisition was accounted for as a business combination and is included in our Life Science segment's results of operations from the acquisition date. The final fair values of the net assets acquired consist of definite-lived intangible assets of $44.0 million, goodwill of $14.9 million and net tangible assets of $3.3 million. We believe that with AbD Serotec's comprehensive catalog of antibodies, we are able to offer our customers total assay solutions that can be validated on many of our research platforms for western blotting, multiplex protein expression, ELISA and cell sorting.

During the first quarter of 2014, we accrued an additional $8.0 million associated with our efforts to resolve the investigations by the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC) relating to the United States Foreign Corrupt Practices Act (FCPA), of which $9.8 million was expensed to Selling, general and administrative expense and $1.8 million reduced Interest expense. As of June 30, 2014, the aggregate accrual for the Estimated loss contingency was $43.0 million, including $3.2 million of accrued interest.

During the third quarter of 2013, we revised the classification of one item for all periods presented from “Provision for income taxes” to “Research and development expense” in our Consolidated Statements of Income to conform to the current year presentation. The item reclassified pertains to a refundable French R&D tax credit, which after the reclassification reduces Research and development expense. We believe this presentation is appropriate as we are not required to have taxable income in order to earn the credits. As a result of recording this reclassification, there is an additional impact to our income tax provision due to the application of our effective income tax rate throughout the year. This causes the income tax provision impact to not always equal the pre-tax impact on a quarterly basis, but it does equal on an annual basis. The effect of these items for the second quarter of 2013 were as follows: a reduction of $1.4 million to Research and development expense, an increase of $1.5 million to Provision for income taxes, and a decrease of $0.1 million to Net income attributable to Bio-Rad. The effect of these items for the six months ended June 30, 2013 were as follows: a reduction of $3.0 million to Research and development expense, an increase of $2.4 million to Provision for income taxes, and an increase of $0.6 million to Net income attributable to Bio-Rad.

During the first quarter of 2013, we reported payments for contingent consideration as cash outflows from investing activities in error. Amounts paid pertaining to the purchase accounting contingent liability should have been classified as cash outflows from financing activities. Amounts paid in excess of the purchase accounting contingent liability should have been classified as cash outflows from operating activities. We have adjusted the amounts previously reported in our Form 10-Q for the six-month period ended June 30, 2013 in conjunction with the filing

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of this 10-Q by reducing cash outflows from investing activities by $13.5 million and increasing cash outflows from financing activities and operating activities by $13.1 million and $0.4 million, respectively.

During the six-month period ended June 30, 2013, we reported payments for/proceeds from forward foreign exchange contracts as cash flows from investing activities in error. Cash flows from forward foreign exchange contracts should have been classified as cash flows from operating activities. We have adjusted the amounts previously reported in our Form 10-Q for the six month-period ended June 30, 2013 in conjunction with the filing of this 10-Q by reducing cash inflows from investing activities by $5.0 million and increasing cash inflows from operating activities by $5.0 million.

During the third quarter of 2012, we recognized a contingent consideration liability upon our acquisition of a new cell sorting system from Propel Labs, Inc. The fair value of the contingent consideration was based on a probability-weighted income approach related to the achievement of certain development and sales milestones. The development milestone was achieved and paid in 2013. Based on the most recent valuation, the sales milestones could potentially range from $0 to a maximum of 60.0%, 51.32% and 50.38% of annual cell sorting system purchase orders starting September 2013, September 2014 and September 2015, with payment to occur upon the anniversary of the completion of a certain number of cell sorting systems for three consecutive years, respectively. These maximum payout ratios begin at annual cell sorting system purchase orders in excess of $20 million, $30 million and $45 million for the three consecutive years, respectively. The contingent consideration was revalued by a reduction of $5.4 million in 2014 to Selling, general and administrative expense to its estimated fair value of $15.4 million as of June 30, 2014.

The following shows cost of goods sold, gross profit, expense items and net income as a percentage of net sales:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Net sales	100.0	%	100.0	%	100.0	%	100.0	%
Cost of goods sold	44.6		42.9		45.3		44.2
Gross profit	55.4		57.1		54.7		55.8
Selling, general and administrative expense	36.5		37.2		38.1		37.2
Research and development expense	10.4		9.9		10.3		10.0
Net income attributable to Bio-Rad	5.9		6.6		3.7		5.3

Critical Accounting Policies and Estimates

As previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2013, we have identified accounting for income taxes, valuation of goodwill and long-lived assets, valuation of inventories, warranty reserves, valuation of investments, allowance for doubtful accounts and litigation accruals as the accounting policies and estimates critical to the operations of Bio-Rad.

An accounting policy is deemed to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, if different estimates reasonably could have been used, or if changes in the estimate that are reasonably likely to occur could materially impact the financial statements.  Management believes that there have been no significant changes during the six months ended June 30, 2014 to the items that we disclosed as our critical accounting policies and estimates in Management's Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013.  For a full discussion of these policies and estimates, please refer to our Form 10-K for the period ended December 31, 2013 filed with the SEC.

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Three Months EndedJune 30, 2014 Compared to

Three Months EndedJune 30, 2013

Results of Operations -- Sales, Margins and Expenses

Net sales (sales) for the second quarter of 2014 were $536.8 million compared to $525.3 million in the second quarter of 2013, an increase of 2.2%.  Excluding the impact of foreign currency, second quarter 2014 sales increased by approximately 1.1% compared to the same period in 2013.  Currency neutral sales growth was primarily in Eastern Europe, partially offset by decreased sales primarily in Western Europe and Latin America.

The Life Science segment sales for the second quarter of 2014 were $170.3 million, a decrease of 0.1% compared to the same period last year.  On a currency neutral basis, sales decreased 1.1% compared to the second quarter in 2013. The currency neutral sales decrease was realized primarily in our protein separations product lines, partially offset by growth in process chromatography, Droplet Digital™ PCR and cell biology products. The currency neutral sales decrease was primarily in Asia, most notably in China, partially offset by sales growth primarily in Europe.

The Clinical Diagnostics segment sales for the second quarter of 2014 were $362.9 million, an increase of 3.2%compared to the same period last year.  On a currency neutral basis, sales increased 2.1% compared to the second quarter in 2013.  The Clinical Diagnostics segment had incremental growth across most product lines on a currency neutral basis. Currency neutral sales growth was primarily in Eastern Europe and China, with the U.S. being relatively flat and a decline in Western Europe.

Consolidated gross margins were 55.4% for the second quarter of 2014 compared to 57.1% for the second quarter of 2013.  Life Science segment gross margins for the second quarter of 2014 increased by approximately

1.2 percentage points from the same period last year primarily due to higher margins and stable pricing, mostly for Droplet Digital™ PCR, cell biology and process chromatography products. Clinical Diagnostics segment gross margins for the second quarter of 2014 decreased by approximately 3.3 percentage points from the same period last year. The decrease was primarily due to price pressure and higher manufacturing costs compared to the same period in 2013.

Selling, general and administrative expenses (SG&A) represented 36.5% of sales for the second quarter of 2014 compared to 37.2% of sales for the second quarter of 2013.  Overall, SG&A was relatively flat, reflecting mostly minimal decreases overall of various expenses, such as lower professional fees, lower marketing and advertising expenses and lower bad debt expense. These decreases were offset by an increase in employee-related expenses, reflecting an increase in headcount that includes the GnuBIO acquisition.

Research and development expense (R&D) increased to $55.7 million or 10.4% of sales in the second quarter of 2014 compared to $51.8 million or 9.9% of sales in the second quarter of 2013.  Life Science segment R&D increased in the second quarter of 2014 from the prior year quarter, with concentrated efforts in genomics and laboratory separations. Clinical Diagnostics segment R&D increased in the second quarter of 2014 from the prior year period primarily due to continued investments in new instrument platforms and assays, and diagnostic applications using the recently acquired droplet digital PCR technology.

Results of Operations – Non-operating

Interest expense for the second quarter of 2014 decreased by $6.1 million to $5.6 million compared to $11.7 million for the second quarter of 2013 primarily due to the absence of interest expense in the second quarter of 2014 associated with the $300.0 million principal amount of Senior Subordinated Notes (8.0% Notes), which were redeemed on September 30, 2013.

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Foreign currency exchange gains and losses consist primarily of foreign currency transaction gains and losses on intercompany net receivables and payables and the change in fair value of our forward foreign exchange contracts used to manage our foreign currency exchange risk.  Foreign currency exchange gains, net for the quarter ended June 30, 2014 was $0.3 million compared to foreign currency exchange losses, net of $0.9 million for the prior year period primarily attributable to a favorable result (gains) of the estimating process inherent in the timing of shipments and payments, net of higher transaction costs.

Other (income) expense, net for the second quarter of 2014 was $8.4 million income compared to $8.6 million income for the second quarter of 2013, reflecting relatively flat activity that includes dividend income for both periods from our investment in Sartorius AG.

Our effective income tax rate was 35% and 29% for the three months ended June 30, 2014 and 2013, respectively. The effective tax rate for the second quarter of 2014 was higher due to an increase in tax liabilities, losses incurred in foreign jurisdictions for which no income tax benefit is expected, and due to adjustments principally related to filings of foreign tax returns. The effective income tax rate for the three months ended June 30, 2014 does not include a benefit of the U.S. federal research credit as it has not been extended beyond 2013.

Our foreign taxes for all periods resulted primarily from taxable income earned in France and Switzerland. Switzerland's statutory tax rate is significantly lower than the U.S. statutory tax rate of 35%. Also, our effective tax rates for all periods are generally reduced by French tax incentives related to our research and development activities.

Our current effective tax rate may be impacted in the future, either favorably or unfavorably, by many factors including, but not limited to, changes to statutory tax rates, changes in tax laws or regulations, tax audits and settlements, and the generation of tax credits.

Six Months EndedJune 30, 2014 Compared to

Six Months EndedJune 30, 2013

Results of Operations -- Sales, Margins and Expenses

Net sales (sales) for the first half of 2014 were $1.05 billion compared to $1.02 billion in the first half of 2013, an increase of 2.1%.  Excluding the impact of foreign currency, the first half of 2014 sales increased by approximately 2.0% compared to the same period in 2013.  Currency neutral sales growth was reflected in all regions, most notably in Eastern Europe and China.

The Life Science segment sales for the first half of 2014 were $331.8 million, an increase of 1.6% compared to the same period last year.  On a currency neutral basis, the sales increase remained the same at 1.6% compared to the first half of 2013. The currency neutral sales increase was reflected across most product lines, except for the majority of protein separations products. Currency neutral sales growth was primarily in Europe and Latin America, partially offset by decreased sales in Asia.

The Clinical Diagnostics segment sales for the first half of 2014 were $707.2 million, an increase of 2.3%compared to the same period last year.  On a currency neutral basis, sales increased 2.1% compared to the first half of 2013.  Clinical Diagnostics had growth across most product lines on a currency neutral basis, most notably from quality control products. Currency neutral sales growth was primarily in Eastern Europe and China, with the U.S. being relatively flat and a decline in Western Europe.

Consolidated gross margins were 54.7% for the first half of 2014 compared to 55.8% for the first half of 2013.  Life Science segment gross margins for the first half of 2014 increased by approximately 1.4 percentage points from the same period last year primarily due to higher margins mostly for process chromatography, Droplet Digital™ PCR and food testing products, and higher license expense in 2013. Clinical Diagnostics segment gross margins for the

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first half of 2014 decreased by approximately 2.2 percentage points from the same period last year. The decrease was primarily due to price pressure and higher manufacturing costs compared to the same period in 2013.

Selling, general and administrative expenses (SG&A) represented 38.1% of sales for the first half of 2014 compared to 37.2% of sales for the first half of 2013.  Increases in SG&A expense relative to sales were primarily driven by:

• an increase of $14.8 million of employee-related expenses, our largest cost, associated with increases in incentive compensation and related fringe benefits, and an increase in headcount that includes the GnuBIO acquisition,

• an accrual of $9.8 million in connection with our efforts to resolve the SEC and DOJ investigations relating to the FCPA that was recorded in the first quarter of 2014, and

• an increase in software amortization of $2.9 million.

Partially offsetting these costs were:

• a decrease of $4.0 million for the valuations of contingent considerations for the cell sorting system in 2014 compared for the Droplet Digital™ PCR in 2013,

• a decrease in bad debt expense of $3.7 million, primarily in Russia due to a distributor bad debt in 2013 and concentrated collection efforts, and

• lower external marketing and advertising expenses, and lower professional fees.

Research and development expense (R&D) increased to $108.3 million or 10.3% of sales in the first half of 2014 compared to $102.2 million or 10.0% of sales in the first half of 2013.  Life Science segment R&D increased in the first half of 2014 from the prior year period, with concentrated efforts in genomics and laboratory separations. Clinical Diagnostics segment R&D increased in the first half of 2014 from the prior year period primarily due to continued investments in new instrument platforms and assays, and diagnostic applications using the recently acquired droplet digital PCR technology.

Results of Operations – Non-operating

Interest expense for the first half of 2014 decreased by $13.2 million to $9.4 million compared to $22.6 million for the first half of 2013 primarily due to the absence of interest expense in the first half of 2014 associated with the $300.0 million principal amount of Senior Subordinated Notes (8.0% Notes), which were redeemed on September 30, 2013. In addition, Interest expense was reduced by $1.8 million of interest expense associated with our initial efforts to resolve the DOJ and SEC investigations relating to the FCPA that was recorded in the first quarter of 2014.

Foreign currency exchange gains and losses consist primarily of foreign currency transaction gains and losses on intercompany net receivables and payables and the change in fair value of our forward foreign exchange contracts used to manage our foreign currency exchange risk.  Foreign currency exchange losses, net for the first half of 2014 increased slightly compared to the prior year period primarily attributable to higher transaction costs, mostly offset by a favorable result (gains) for the estimating process inherent in the timing of shipments and payments.

Other (income) expense, net for the first half of 2014 decreased to $9.0 million income compared to $10.0 million income for the first half of 2013 primarily due to lower various miscellaneous income and higher investment income in 2013.

Our effective income tax rate was 40% and 25% for the first half of 2014 and 2013, respectively. The effective tax rate for the first half of 2014 was higher due to an increase in tax liabilities, losses incurred in foreign jurisdictions for which no income tax benefit is expected, and due to adjustments principally related to filings of foreign tax returns. In addition, the effective tax rate for the first half of 2014 includes adjustments principally related to state taxes. The effective tax rate for the first half of 2014 does not include a benefit of the U.S. federal research credit as it has not been extended beyond 2013. The effective tax rate for the first half of 2013 reflected a significant tax benefit related to the 2012 U.S. federal research credit, which was retroactively reinstated on January 2, 2013.

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Our foreign taxes for all periods resulted primarily from taxable income earned in France and Switzerland. Switzerland's statutory tax rate is significantly lower than the U.S. statutory tax rate of 35%. Also, our effective tax rates for all periods are generally reduced by French tax incentives related to our research and development activities.

Our current effective tax rate may be impacted in the future, either favorably or unfavorably, by many factors including, but not limited to, changes to statutory tax rates, changes in tax laws or regulations, tax audits and settlements, and the generation of tax credits.

Liquidity and Capital Resources

Bio-Rad operates and conducts business globally, primarily through subsidiary companies established in the markets in which we trade.  Goods are manufactured in a small number of locations, and are then shipped to local distribution facilities around the world.  Our product mix is diversified, and certain products compete largely on product efficacy, while others compete on price.  Gross margins are generally sufficient to exceed normal operating costs, and funding for research and development of new products, as well as routine outflows of capital expenditures, interest and taxes.  In addition to the annual positive cash flow from operating activities, additional liquidity is readily available via the sale of short-term investments and access to our $200.0 million unsecured Credit Agreement that we entered into in June 2014.  Borrowings under the Credit Agreement are on a revolving basis and can be used to make permitted acquisitions, for working capital and for other general corporate purposes. We had no outstanding borrowings under the Credit Agreement as of June 30, 2014, however $5.0 million was utilized for domestic standby letters of credit that reduced our borrowing availability.  The Credit Agreement matures in June 2019.

At June 30, 2014, we had $647.6 million in cash, cash equivalents and short-term investments, of which approximately 40% was held in our foreign subsidiaries. We believe that our holdings of cash, cash equivalents and short-term investments in the U.S. and in our foreign subsidiaries are sufficient to meet both the current and long-term needs of our global operations. The amount of funds held in the United States can fluctuate due to the timing of receipts and payments in the ordinary course of business and due to other reasons, such as business expansion activities. As part of our ongoing liquidity assessments, we regularly monitor the mix of domestic and foreign cash flows (both inflows and outflows). Repatriation of overseas funds will result in additional U.S. federal and state income tax payments. In general, it is our practice and intention to indefinitely reinvest the cash generated by our foreign subsidiaries in our foreign subsidiaries' operations.

Under our new domestic and international lines of credit, we had $212.2 million available for borrowing as of June 30, 2014, which was reduced by $8.1 million that was utilized for standby letters of credit issued by our banks to support our obligations, mostly to meet the deductible amount under insurance policies for our benefit. Management believes that this availability, together with cash flow from operations, will be adequate to meet our current objectives for operations, research and development, capital additions for manufacturing and distribution, plant and equipment, information technology systems and an acquisition of reasonable proportion to our existing total available capital.

The continuing slow economic growth in developed nations and in the U.S., may adversely affect our future results of cash flows. Demand for our products and services could change more dramatically than in previous years based on activity, funding, reimbursement constraints and support levels from government, universities, hospitals and private industry, including diagnostic laboratories.  The need for certain sovereign nations with large annual deficits to curtail spending could lead to slower growth of, or even a decline in, our business. Sovereign nations either delaying payment for goods and services or renegotiating their debts could impact our liquidity. The situation in these sovereign nations is continuously evolving and we have no greater knowledge of the situation other than what is publicly reported. As of June 30, 2014 and December 31, 2013, we had accounts receivable, net of allowance for doubtful accounts, in Spain, Italy, Greece and Portugal of $57.0 million and $66.0 million, respectively.

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The instability in credit markets along with low levels of capitalization in some parts of the financial services industry could impact both our ability and our customer's ability to access the necessary capital for acquisition, equipment and technology modernization, and the financing of inventories and receivables.  Without this crucial intermediary function, manufacturers and end users may have to renegotiate existing arrangements, reduce activity levels or seek other business partners.

Cash Flows from Operations

Net cash provided by operations was $149.8 million and $43.8 million for the six months ended June 30, 2014 and 2013, respectively.  The increase in cash flows primarily resulted from:

• higher cash received from customers primarily due to improved collections, in particular from Spain of approximately $11 million from public agencies in the first quarter of 2014,

• a decrease in income taxes paid primarily due to a $20 million federal income tax quick refund related to 2013 that was received in the second quarter of 2014, and a $5 million federal income tax extension payment in 2013, and

• a decrease in interest paid primarily due to the early redemption of the $300.0 million of 8.0% Senior Subordinated Notes on September 30, 2013, partially offset by

• higher cash paid for forward exchange contracts, and

• higher cash paid to suppliers and employees.

Cash Flows from Investing Activities

Net cash used in investing activities was $101.9 million compared to $134.6 million for the six months ended June 30, 2014 and 2013, respectively. Purchases, net of sales and maturities, of marketable securities and investments, and proceeds from sales of marketable securities and investments were both lower than the prior year period primarily due to sales of securities to provide cash to redeem the $300.0 million 8.0% Senior Subordinated Notes and therefore expect purchases, net of sales and maturities, to decline markedly year over year due to reduced amounts of cash to invest. In addition, we purchased longer dated securities to take advantage of higher returns on investments and therefore we experienced an additional decline in maturities and redemptions of securities. Net cash used in investing activities was also lower as the acquisition for GnuBIO was at a lower cost than compared to the acquisition of AbD Serotec in 2013. Purchases of intangible assets were higher in 2014 primarily due to the purchases of licenses.

Our investment objective is to maintain liquidity to meet anticipated operational and other corporate requirements in which capital is preserved and increased through investing in low risk, high quality securities with commensurate returns, consistent with our risk tolerance level.

We continue to review possible acquisitions to expand both our Life Science and Clinical Diagnostics segments. We routinely meet with the principals or brokers of the subject companies.  It is not certain at this time that any of these discussions involving material or significant acquisitions will advance to completion.

Capital expenditures totaled $60.9 million and $58.6 million for the six months ended June 30, 2014 and 2013, respectively.  Capital expenditures represent the addition and replacement of production machinery and research equipment, ongoing manufacturing and facility additions for expansion, regulatory, environmental and compliance. Also included in capital expenditures are investments in business systems and data communication upgrades and enhancements.  All periods include equipment placed with Clinical Diagnostics segment customers who then contract to purchase our reagents for use. Capital expenditures were slightly higher for the six months ended June 30, 2014 compared to the same period last year as we have started the second phase of a global single instance ERP platform and are beginning to capitalize costs and expect capitalized costs to continue to increase throughout the remainder of the year. As we continue to implement more phases of the ERP platform and expand our e-commerce platform, we expect capital expenditures to continue to remain historically higher for the next four years

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or more. The current estimated global implementation cost for the single instance ERP platform could exceed $250 million and is estimated to take approximately four or more years to fully implement.  

Cash Flows from Financing Activities

Net cash provided by financing activities was $6.3 million compared to net cash used in financing activities of $6.1 million for the six months ended June 30, 2014 and 2013, respectively. Net cash used in financing activities for the six months ended June 30, 2013 was primarily due to $7.5 million paid to Propel Labs' shareholders in contingent consideration associated with the 2012 acquisition, and $5.6 million paid to QuantaLife in contingent consideration associated with the 2011 acquisition.

We have outstanding Senior Notes of $425 million, which are not due until 2020. As indicated above, we redeemed all of the Senior Subordinated Notes of $300 million on September 30, 2013. We believe the current cash is sufficient to meet normal operating costs, and funding for research and development of new products, as well as routine outflows of capital expenditures, interest and taxes.

The Board of Directors has authorized the repurchase of up to $18.0 million of Bio-Rad's common stock, of which $3.3 million has yet to be repurchased as of June 30, 2014. The Credit Agreement may limit our ability to repurchase our stock. We had no repurchases of our stock during the first six months of 2014 or 2013.

Recent Accounting Standards Updates

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605),” and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and is to be applied retrospectively, with early application not permitted. We are currently evaluating the impact of the adoption of this accounting standard update on our consolidated financial statements.

Item 3.Quantitative andQualitative Disclosures about Market Risk

During the six months ended June 30, 2014, there have been no material changes from the disclosures about market risk provided in our Annual Report on Form 10-K for the year ended December 31, 2013.

Item 4. Controls and Procedures

Disclosure Controls and Procedures

At December 31, 2013, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures.  Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as a result of the material weakness in our internal control over financial reporting at December 31, 2013, which we view as an integral part of our disclosure controls and procedures, discussed in further detail below.

A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim consolidated financial statements will not be prevented or detected on a timely basis.

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In connection with our assessment of the effectiveness of internal control over financial reporting at December 31, 2013, we identified the following material weakness that existed at December 31, 2013:

A material weakness exists in the design of monitoring controls over operations at certain of our locations both within the United States and overseas, as well as a lack of documentation required to operate these controls appropriately.  Specifically, the precision at which these controls are designed and documented, and the completeness and timeliness of communication between some of our locations are not sufficient to detect and correct a material misstatement in our consolidated financial statements. As a result there was a misstatement in a foreign pension accrual, and there is a reasonable possibility that a material misstatement to our annual or interim consolidated financial statements could occur and not be detected or prevented.

As a result of this material weakness, our management concluded that our internal control over financial reporting was not effective at December 31, 2013 to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with accounting principles generally accepted in the United States of America.

Management intends to enhance its management review controls used to monitor our financial information worldwide. Our enhancements will increase the level of precision in our management review controls. Management plans to enhance its review controls by (i) designing and documenting additional management review controls, (ii) documenting, as needed, precision and specificity to existing management review controls, and (iii) supplementing resources and providing training to effectively perform management review controls.

We intend to formalize through documentation, communication and training the steps required for investigation of financial deviations or differences from expectation detected in our management review controls and the procedures for execution and communication of timely corrective actions, as needed. We believe this planned increased level of precision in our management review controls will allow for earlier detection of errors.

In addition, the design of our monitoring controls will follow a top-down approach that begins at the financial statement level to identify and assess the overall risks to internal control over financial reporting.

We also plan to make organizational changes and develop skills in our employees across all functions involved in the performance of internal control over financial reporting to ensure that we have adequate local, regional and global monitoring, oversight and timely communication.

With the oversight of senior management and our audit committee, we have begun taking the above steps. While our remediation efforts are in process, they have not been completed. Accordingly, our management has concluded that the material weakness still exists as of June 30, 2014.

We cannot assure you that we will be able to remediate the material weakness or that additional deficiencies or material weaknesses in our internal control over financial reporting will not be identified in the future. Any failure to maintain or implement new or improved internal controls, or any difficulties that we may encounter in their maintenance or implementation, could result in additional significant deficiencies or material weaknesses, result in material misstatements in our financial statements and cause us to fail to meet our reporting obligations, which in turn could cause the trading price of our common stock to decline.

Changes to Internal Control Over Financial Reporting

Other than the changes discussed above, we identified no changes in internal control over financial reporting that occurred during our quarter ended June 30, 2014 that have materially affected, or that are reasonably likely to materially affect, our internal control over financial reporting.

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PART II – OTHER INFORMATION

Item 1. Legal Proceedings

See Note 12, “Legal Proceedings” in the Notes to Condensed Consolidated Financial Statements of Part 1, Item 1 of this Form 10-Q.

Item 1A. Risk Factors

The ongoing investigation by government agencies of possible violations by us of the United States Foreign Corrupt Practices Act and similar laws could have a material adverse effect on our business.

Based on an internal investigation, we identified conduct in certain of our overseas operations that may have violated the anti-bribery provisions of the United States Foreign Corrupt Practices Act (FCPA) and is likely to have violated the FCPA's books and records and internal controls provisions and our own internal policies.  In May 2010, we voluntarily disclosed these matters to the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), each of which commenced an investigation.  The Audit Committee of our Board of Directors (Audit Committee) assumed direct responsibility for reviewing these matters and hired experienced independent counsel to conduct an investigation and provide legal advice.  We provided additional information to the DOJ and the SEC as the Audit Committee's investigation progressed. Following the completion of the Audit Committee’s investigation, we continue to cooperate with the DOJ and SEC investigations and to provide information to them.

The DOJ and SEC investigations are continuing and we are presently unable to predict the duration, scope or results of these investigations or whether either agency will commence any legal actions.  The DOJ and the SEC have a broad range of civil and criminal sanctions under the FCPA and other laws and regulations including, but not limited to, injunctive relief, disgorgement, fines, penalties, modifications to business practices including the termination or modification of existing business relationships, the imposition of compliance programs and the retention of a monitor to oversee compliance with the FCPA.  We are engaged in discussions with the DOJ and SEC concerning a resolution of these matters, but we are unable to estimate the outcome of these discussions or whether we will be able to reach mutually acceptable settlements. At this point, we are unable to estimate a range of reasonably possible outcomes of this matter that differs from our aggregate accrual for the Estimated loss contingency recorded as of June 30, 2014 of $43.0 million, including $3.2 million of accrued interest. The amount that was accrued during the first quarter of 2014 for the Estimated loss contingency was $8.0 million, of which $9.8 million was expensed to Selling, general and administrative expense and $1.8 million reduced Interest expense. The imposition of any of these sanctions or remedial measures could have a material adverse effect on our business, including our results of operations, cash balance and credit rates. We have not to date determined whether any of the activities in question violated the laws of the foreign jurisdictions in which they took place.

On April 13, 2011, a shareholder derivative lawsuit was filed against each of our directors in the Superior Court for Contra Costa County, California.  The case, which also names the Company as a nominal defendant, is captioned City of Riviera Beach General Employees' Retirement System v. David Schwartz, et al., Case No. MSC11-00854. In the complaint, the plaintiff alleges that our directors breached their fiduciary duties by failing to ensure that we had sufficient internal controls and systems for compliance with the FCPA.  Purportedly seeking relief on our behalf, the plaintiff seeks an award of unspecified compensatory and punitive damages, costs and expenses (including attorneys' fees), and a declaration that our directors have breached their fiduciary duties. We and the individual defendants filed a demurrer requesting dismissal of the complaint in this case, as well as a motion to stay this matter pending resolution of the above-referenced investigations by the DOJ and SEC. Following a hearing on September 30, 2011, the court sustained our demurrer and dismissed the complaint, without prejudice, and granted the plaintiff additional time to file an amended complaint.   The court denied our motion to stay this matter because it dismissed the complaint. The parties have agreed to a stipulated dismissal of this case, without prejudice, and to a tolling of the statute of limitations pending the resolution of the DOJ and SEC investigations.

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We have identified a material weakness in our internal control over financial reporting at December 31, 2013. Our failure to establish and maintain effective internal control over financial reporting could result in material misstatements in our financial statements, our failure to meet our reporting obligations and cause investors to lose confidence in our reported financial information, which in turn could cause the trading price of our common stock to decline.

Maintaining effective internal control over financial reporting is necessary for us to produce reliable financial statements. In connection with our assessment of the effectiveness of internal control over financial reporting and the preparation of our financial statements for the year ended December 31, 2013, we identified a material weakness in the design of monitoring controls over operations at certain of our locations both within the United States and overseas, as well as a lack of documentation required to operate these controls appropriately.   As a result there is a reasonable possibility that a material misstatement to our annual or interim consolidated financial statements could occur and not be detected or prevented. See Item 4. “Controls and Procedures”.

Under standards established by the Public Company Accounting Oversight Board, a material weakness is defined as a deficiency, or a combination of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of our annual or interim financial statements will not be prevented or detected on a timely basis.

Under the criteria set forth by the Committee of Sponsoring Organization of the Treadway Commission in Internal Control - An Integrated Framework, a material weakness in the design of monitoring controls indicates that we have not sufficiently developed and/or documented (i.e. designed) internal controls by which management can review and oversee (i.e. monitor) our financial information to detect and correct material errors or that the personnel responsible for performing the review did not have the sufficient skillset or knowledge of the subject matter to perform a proper assessment.

In connection with our assessment of our internal control over financial reporting at December 31, 2013, we determined that the precision at which our controls are designed and documented, and the completeness and timeliness of communication between some of our locations are not sufficient to detect and correct a material misstatement in our consolidated financial statements. The reference to the precision of certain of our controls indicates that, where we do have monitoring controls, we do not have within them the appropriate thresholds (i.e. precision) used by management to detect the magnitude of errors that could, either individually or in aggregate, result in a material misstatement. The reference to communications between some of our locations indicates that we have not included in all of our monitoring controls specificity about required communication channels and timelines for communication between elements of the Company when errors are detected.

For example, during 2013, we identified two financial adjustments that were not timely detected through our management review controls because the control’s precision, or threshold, for error detection was set too high to prevent a potential material misstatement and, once detected, the error was not communicated to our corporate finance management in an adequate and timely fashion to correct our financial statements.

Specifically, during the third quarter of 2013, we identified certain immaterial errors requiring adjustment to prior years and quarters related to the valuation of finished goods inventory in our Life Science segment. The inventory adjustment had developed over a period of years and was not identified prior to 2013 because of a failure to perform detailed management reviews of account reconciliations at a sufficient level of precision to identify the error in prior periods. The methodology used to account for the inventory valuation was not documented, which also contributed to the failure to identify the issue on a timely basis. In addition, following detection at the local level, higher levels of the organization were not informed about this issue in a timely manner. As a result, we over-expensed inventory for non-sales transactions, such as inventory used for demonstration purposes and product samples, which resulted in an understatement of inventory balances in prior periods. We have commenced remediation of this deficiency by enhancing the related reconciliation control and lowering the quarterly threshold for communicating errors.

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In addition, in the fourth quarter of 2013, our independent registered public accounting firm identified an immaterial financial adjustment pertaining to our Japanese pension liability. The adjustment had developed over a period of years and was not identified prior to 2013 as no monitoring control had been designed to detect this error. The error resulted from an incorrect methodology applied at the local level. The lack of any monitoring control allowed the error to cumulate over a number of years. We have commenced remediation of this deficiency by designing a monitoring control for our pension liabilities and providing training to local personnel.

We are actively engaged in developing a remediation plan designed to address the material weakness in our internal control over financial reporting. We plan to enhance our monitoring controls by (i) designing and documenting additional management review controls, (ii) documenting, as needed, precision and specificity to existing management review controls, and (iii) supplementing resources and providing training to effectively perform management review controls.

With the oversight of senior management and our audit committee, we have begun taking the above steps. While our remediation efforts are in process, they have not been completed. Accordingly, our management has concluded that the material weakness still exists as of June 30, 2014.

However, we cannot assure you that we will be able to remediate this material weakness or that additional material weaknesses in our internal control over financial reporting will not be identified in the future. For example, we have previously identified different material weaknesses in internal controls at December 31, 2012 and December 31, 2011, both of which we believe have been remediated, but we identified a new material weakness at December 31, 2013. Such material weaknesses have adversely affected us in the past and could affect us in the future, and the results of our periodic management evaluations and annual auditor attestation reports regarding the effectiveness of our internal control over financial reporting required by Section 404 of the Sarbanes-Oxley Act of 2002. Any failure to implement and document new and more precise monitoring controls or to implement organizational changes including skillset enhancements through resource changes or education to improve detection and communication of financial misstatements across all levels of the organization could result in additional material weaknesses, result in material misstatements in our financial statements and cause us to fail to meet our reporting obligations, which in turn could cause the trading price of our common stock to decline.

Adverse changes in general domestic and worldwide economic conditions and instability and disruption of credit markets could adversely affect our operating results, financial condition or liquidity.

The continuing slow economic growth in developed nations may adversely affect our future results of operations. Demand for our products and services could change more dramatically than in previous years based on activity, funding, reimbursement constraints and support levels from government, universities, hospitals and private industry, including diagnostic laboratories.  The need for certain sovereign nations with large annual deficits to curtail spending could lead to slower growth of, or even a decline in, our business. Although signs of limited recovery may exist in some markets, there are continued concerns about systemic economic imbalance, the availability and cost of credit, declining asset values and geopolitical issues that contribute to increased market volatility and uncertain expectations for the global economy. These conditions, combined with greater volatility in business activity levels and consumer confidence, high unemployment and volatile oil prices, contributed to unprecedented levels of volatility in the capital markets in recent years.  Continuing or recurring disruptions in the capital and credit markets may adversely affect our business, results of operations, cash flows and financial condition.

As a result of these market conditions, the cost and availability of credit has been and may continue to be adversely affected by illiquid credit markets and wider credit spreads.  Concern about the stability of the markets generally and the strength of counterparties specifically has led many private sector investors to reduce and, in some cases, cease to provide credit to governments, businesses and consumers.  These factors have led to depressed spending by some governments, businesses and consumers. Our customers and suppliers may experience cash flow concerns and, as a result, customers may modify, delay or cancel plans to purchase our products and suppliers may increase their prices, reduce their output or change terms of sales. Additionally, if customers' or suppliers' operating and financial performance deteriorates, or if they are unable to make scheduled payments or obtain credit, customers may not be able to pay, or may delay payment of, amounts owed to us. Sovereign nations either delaying payment

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for goods and services or renegotiating their debts could impact our liquidity. The situation in these sovereign nations is continuously evolving and we have no greater knowledge of the situation other than what is publicly reported. As of June 30, 2014 and December 31, 2013, we had accounts receivable, net of allowance for doubtful accounts, in Spain, Italy, Greece and Portugal of $57.0 million and $66.0 million, respectively.

Suppliers may restrict credit or impose less favorable payment terms.  Any inability of current and/or potential customers to pay us for our products or any demands by suppliers for accelerated payment terms may adversely affect our earnings and cash flow.  Additionally, strengthening of the U.S. dollar associated with the global financial crisis may adversely affect the results of our international operations when those results are translated into U.S. dollars.

Furthermore, the disruption in the credit markets could impede our access to capital, especially if we are unable to maintain our current credit ratings.  Should we have limited access to additional financing sources when needed, we may decide to defer capital expenditures or seek other higher cost sources of liquidity, which may or may not be available to us on acceptable terms.  Continued turbulence in the U.S. and international markets and economies, and prolonged declines in business and consumer spending may adversely affect our liquidity and financial condition, and the liquidity and financial condition of our customers, including our ability to refinance maturing liabilities and access the capital markets to meet liquidity needs.

We cannot assure you that we will be able to integrate acquired companies, products or technologies into our company successfully, or we may not be able to realize the anticipated benefits from the acquisitions.

As part of our overall business strategy, we pursue acquisitions of and investments in complementary companies, products and technologies.  In order to be successful in these activities, we must, among other things:

• assimilate the operations and personnel of acquired companies;

• retain acquired business customers;

• minimize potential disruption to our ongoing business;

• retain key technical and management personnel;

• integrate acquired companies into our strategic and financial plans;

• accurately assess the value of target companies, products and technologies;

• comply with new regulatory requirements;

• harmonize standards, controls, procedures and policies;

• minimize the impact to our relationships with our employees and customers; and

• assess, document and remediate any deficiencies in disclosure controls and procedures and internal control over financial reporting.

The benefits of any acquisition may prove to be less than anticipated and may not outweigh the costs reported in our financial statements.  Completing any potential future acquisition could cause significant diversion of our management's time and resources.  If we acquire new companies, products or technologies, we may be required to assume contingent liabilities or record impairment charges for goodwill and other intangible assets over time. We cannot assure you that we will successfully overcome these risks or any other problems we encounter in connection with any acquisitions, and any such acquisitions could adversely affect our business, financial position or operating results.

The industries and market segments in which we operate are highly competitive, and we may not be able to compete effectively with larger companies with greater financial resources than we have.

The life science and clinical diagnostics markets are each highly competitive. Some of our competitors have consolidated, and some of our competitors have greater financial resources than we do and are less leveraged than we are, making them better equipped to license technologies and intellectual property from third parties or to fund research and development, manufacturing and marketing efforts. Moreover, competitive and regulatory conditions in many markets in which we operate restrict our ability to fully recover, through price increases, higher costs of acquired goods and services resulting from inflation and other drivers of cost increases.  Our competitors can be

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expected to continue to improve the design and performance of their products and to introduce new products with competitive price and performance characteristics. Maintaining these advantages will require us to continue to invest in research and development, sales and marketing and customer service and support.  We cannot assure you that we will have sufficient resources to continue to make such investments or that we will be successful in maintaining such advantages.

We have significant international operations which subject us to various risks such as general economic and market conditions in the countries in which we operate, as well as compliance with our global controls, policies and procedures.

A significant portion of our sales are made outside of the United States. Our foreign subsidiaries generated 68% of our net sales for the six months ended June 30, 2014.  Our international operations are subject to risks common to foreign operations, such as general economic and market conditions in the countries in which we operate, changes in governmental regulations, political instability, import restrictions, additional scrutiny over certain financial instruments and currency exchange rate risks.  In particular, political unrest in Southeast Asia, the Middle East and Eastern Europe may affect our sales in those regions. For example, the recent political turmoil in Ukraine, along with the response of the Russian and United States governments to this situation, has the potential to impact our operations in Russia. Also, we may not be able to participate in certain public tenders in Russia because of increasing measures to restrict access to such tenders for companies without local manufacturing capabilities.

In addition, we have a dispersed international sales team, and we use distributors and agents in many of our international operations. This structure makes it more difficult for us to ensure that our international selling operations comply with our global policies and procedures. In addition, changes to the distributors and agents we use could have an impact on our sales and access to our customers. We cannot assure you that shifts in currency exchange rates, especially significant strengthening of the U.S. dollar compared to the Euro and Swiss Franc, will not have a material adverse effect on our operating results and financial condition.

In addition, compliance with complex foreign and U.S. laws and regulations that apply to our international operations increases our cost of doing business. These numerous and sometimes conflicting laws and regulations include data privacy, import-export, anti-corruption, antitrust and competition laws and regulations, among others. Violations of these laws and regulations could result in fines and penalties, criminal sanctions against us, our officers, or our employees, and the curtailment or restructuring of our business either broadly or specifically in the relevant jurisdictions, and could materially affect our business and our operating results.

The General Inspection Team of the Shanghai Administration for Industry and Commerce (the “Shanghai AIC”), which is the local counterpart of China’s State Administration for Industry and Commerce, has commenced an investigation of our business practices in China. Specifically, the Shanghai AIC is investigating whether certain of our selling arrangements may have violated China’s Anti Unfair Competition Law and other relevant laws and regulations. In addition, the Pudong New District Bureau of Market Supervision and Administration in Shanghai has begun a review of our importation practices with respect to certain of our products. We are cooperating with both administrative authorities in China. These authorities have the power to impose fines, penalties, seek disgorgement of profits and cause us to modify our business practices in China. However, neither the investigation or review has concluded and therefore, we are not in a position to assess whether they will affect our business or operating results in China.

We are dependent on government funding and the capital spending programs of our customers, and the effect of healthcare reform on government funding and our customers' ability to purchase our products is uncertain.

Our customers include universities, clinical diagnostics laboratories, government agencies, hospitals and pharmaceutical, biotechnology and chemical companies.  The capital spending programs of these institutions and companies have a significant effect on the demand for our products.  Such programs are based on a wide variety of factors, including the resources available to make such purchases, the availability of funding from grants by governments or government agencies, the spending priorities for various types of equipment and the policies regarding capital expenditures during industry downturns or recessionary periods.  If government funding to our

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customers were to decrease, or if our customers were to decrease or reallocate their budgets in a manner adverse to us, our business, financial condition or results of operations could be materially and adversely affected.

Healthcare reform and the growth of managed care organizations have been and continue to be significant factors in the clinical diagnostics market.  The trend towards managed care, together with healthcare reform of the delivery system in the United States and efforts to reform in Europe, has resulted in increased pressure on healthcare providers and other participants in the healthcare industry to reduce costs.  Consolidation among healthcare providers has resulted in fewer, more powerful groups, whose purchasing power gives them cost containment leverage.  These competitive forces place constraints on the levels of overall pricing, and thus could have a material adverse effect on our gross margins for products we sell in clinical diagnostics markets. In addition, many governments are lengthening the commitments of their public tenders to multiple years, which reduces the number of tenders in which we can participate annually. Also, because the value of these multiple-year tenders is so high, our competitors have been more aggressive with their pricing. 

In the United States, there have been, and we expect there will continue to be, a number of legislative and regulatory changes to the healthcare system that could affect our revenues and profitability and the revenues and profitability of our customers. Our Clinical Diagnostics business is impacted by the level of reimbursement available for clinical tests from Medicare, Medicaid, other governmental payors and commercial third party payors. Payment for many diagnostic tests furnished to Medicare fee-for-service beneficiaries is made based on the Medicare Clinical Laboratory Fee Schedule (CLFS),a fee schedule established and adjusted from time to time by the Centers for Medicare and Medicaid Services (CMS). In recent years, payments under the CLFS have decreased and may decrease further in future years. Some commercial payors are guided by the CLFS in establishing their reimbursement rates. Clinicians may decide not to order clinical diagnostic tests if third party payments are inadequate, and we cannot predict whether third party payors will offer adequate reimbursement for tests utilizing our products to make them commercially attractive.

Moreover, in March 2010, the Patient Protection and Affordable Care Act, as amended by the Health Care and Education Reconciliation Act, or collectively, the PPACA, impose significant new programs and responsibilities affecting U.S. pharmaceutical and medical device industries. The PPACA, among other things, establishes annual fees and taxes on manufacturers of certain medical devices, including our devices, and promotes programs that increase the federal government's comparative effectiveness research, which may be used to evaluate the selection of medical services by clinicians and others. PPACA also mandates a reduction in payments for clinical laboratory services paid under the CLFS of 1.75% for the years 2011 through 2015. In addition, a productivity adjustment is made to the CLFS payment amount, further reducing payment rates. These changes in payments apply to some or all of the clinical laboratory test services we furnish to Medicare beneficiaries.

In addition, other legislative changes have been proposed and adopted in the United States since the PPACA was enacted. On August 2, 2011, the Budget Control Act of 2011, among other things, created measures for spending reductions by Congress. A Joint Select Committee on Deficit Reduction, tasked with recommending a targeted deficit reduction of at least $1.2 trillion for the years 2013 through 2021, was unable to reach required goals, thereby triggering the legislation's automatic reduction to several government programs. This includes aggregate reductions to Medicare payments to providers of 2% per fiscal year, which went into effect on April 1, 2013. On January 2, 2013, the American Taxpayer Relief Act of 2012, or the ATRA, was signed into law, which, among other things, further reduced Medicare payments to several providers, including hospitals, imaging centers and cancer treatment centers, and increased the statute of limitations period for the government to recover overpayments to providers from three to five years.

To the extent that the healthcare industry seeks to address the need to contain costs stemming from reform measures such as those contained in PPACA and ATRA, or in future legislation, by limiting the number of clinical tests being performed or the amount of reimbursement available for such tests, our results of operations could be materially and adversely affected.  If these changes in the healthcare markets in the United States and Europe continue, we could be forced to alter our approach in selling, marketing, distributing and servicing our products.

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Our failure to improve our product offerings and develop and introduce new products would negatively impact our business.

Our future success depends on our ability to continue to improve our product offerings and develop and introduce new product lines and extensions that integrate new technological advances.  If we are unable to integrate technological advances into our product offerings or to design, develop, manufacture and market new product lines and extensions successfully and in a timely manner, our operating results will be adversely affected.  We cannot assure you that our product and process development efforts will be successful or that new products we introduce will achieve market acceptance.

If we experience a disruption of our information technology systems, or if we fail to successfully implement, manage and integrate our information technology and reporting systems, it could harm our business.

Our information technology (IT) systems are an integral part of our business, and a serious disruption of our IT systems could have a material adverse effect on our business and results of operations.  We depend on our IT systems to process orders, manage inventory and collect accounts receivable.  Our IT systems also allow us to efficiently purchase products from our suppliers and ship products to our customers on a timely basis, maintain cost-effective operations and provide customer service.  We cannot assure you that our contingency plans will allow us to operate at our current level of efficiency.

Our ability to implement our business plan in a rapidly evolving market requires effective planning, reporting and analytical processes.  We expect that we will need to continue to improve and further integrate our IT systems, reporting systems and operating procedures by training and educating our employees with respect to these improvements and integrations on an ongoing basis in order to effectively run our business.  If we fail to successfully manage and integrate our IT systems, reporting systems and operating procedures, it could adversely affect our business or operating results.

Breaches of information systems security could damage our reputation, disrupt operations, increase costs and/or decrease revenues.

Through our sales and eCommerce channels, we collect andstore confidential information that customers provide to, among other things, purchase products or services, enroll inpromotional programs and register on our Web site. We also acquire and retain information about suppliers andemployees in the normal course of business. Despite instituted safeguards for the protection of such information, computerhackers may attempt to penetrate our or our vendors’ information systems and, if successful, misappropriateconfidential customer, supplier, employee or other business information. Loss of customer, supplier, employee orother business information could disrupt our operations, damage our reputation and expose us to claims fromcustomers, suppliers, financial institutions, regulators, payment card associations, employees and other persons, any ofwhich could have an adverse effect on our company, its financial condition and results of operations.

We may experience difficulties implementing our new global enterprise resource planning system and centralizing our business processes and functions.

We are engaged in a multi-year implementation of a new global enterprise resource planning system (ERP). The ERP is designed to accurately maintain our books and records and provide information important to the operation of our business to our management team. The ERP will continue to require significant investment of human and financial resources. In implementing the ERP, we may experience significant delays, increased costs and other difficulties. Any significant disruption or deficiency in the design and implementation of the ERP could adversely affect our ability to process orders, ship product, send invoices and track payments, fulfill contractual obligations or otherwise operate our business. In 2013, we experienced system implementation issues in our Clinical Diagnostics segment that impacted invoicing and caused an increase in accounts receivable. While we have invested significant resources in planning, project management and training, additional and significant implementation issues may arise. In addition, our efforts to centralize various business processes and functions within our organization may disrupt our operations and negatively impact our business.

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Risks relating to intellectual property rights may negatively impact our business.

We rely on a combination of copyright, trade secret, patent and trademark laws and third-party nondisclosure agreements to protect our intellectual property rights and products.  However, we cannot assure you that our intellectual property rights will not be challenged, invalidated, circumvented or rendered unenforceable, or that meaningful protection or adequate remedies will be available to us.  For instance, it may be possible for unauthorized third parties to copy our intellectual property, to reverse engineer or obtain and use information that we regard as proprietary, or to develop equivalent technologies independently.  Additionally, third parties may assert patent, copyright and other intellectual property rights to technologies that are important to us. If we are unable to license or otherwise access protected technology used in our products, or if we lose our rights under any existing licenses, we could be prohibited from manufacturing and marketing such products.  We may find it necessary to enforce our patents or other intellectual property rights or to defend ourselves against claimed infringement of the rights of others through litigation, which could result in substantial costs to us and divert our resources.  We also could incur substantial costs to redesign our products, to defend any legal action taken against us or to pay damages to an infringed party.  The foregoing matters could adversely impact our business.

We are subject to substantial government regulation, and any changes in regulation or violations of regulations by us could adversely affect our business, prospects, results of operations or financial condition.

Some of our products (primarily diagnostic products), production processes and marketing are subject to federal, state, local and foreign regulation, including by the FDA and its foreign counterparts.  The FDA regulates our diagnostic products as medical devices pursuant to the Federal Food, Drug and Cosmetic Act. Unless an exemption applies, each medical device marketed in the United States must first receive either clearance of a 510(k) premarket notification or approval of a premarket approval application (PMA) from the FDA, depending on the risk classification of the device. Medical devices can be marketed only for the indications for which they are cleared or approved. The FDA has also generally chosen to not enforce applicable regulations, including premarket requirements, with respect to certain diagnostic products referred to as laboratory developed tests, which are tests developed by a single laboratory for use only in that laboratory. However, the FDA has indicated, since 2010, that it intends to reconsider its policy regarding enforcement and to begin drafting an oversight framework for such tests. After a device receives 510(k) clearance, any modification that could significantly affect its safety or effectiveness, or that would constitute a major change in its intended use, requires a new 510(k) clearance or could require a PMA approval. After a device is placed on the market, regardless of the classification or pre-market pathway, it remains subject to significant regulatory requirements, including, for example, recordkeeping and reporting requirements, such as the FDA’s medical device reporting regulations and reporting of corrections and removals. The FDA has broad regulatory and enforcement powers. If the FDA determines that we have failed to comply with applicable regulatory requirements, it can impose a variety of enforcement actions ranging from public warning letters, fines, injunctions, consent decrees and civil penalties to suspension or delayed issuance of approvals, seizure or recall of our products, total or partial shutdown of production, withdrawal of approvals or clearances already granted, and criminal prosecution. The FDA can also require us to repair, replace or refund the cost of devices that we manufactured or distributed.

In addition, the FDA may change its clearance and approval policies, adopt additional regulations or revise existing regulations, or take other actions, which may prevent or delay approval or clearance of our products or impact our ability to modify our currently approved or cleared products on a timely basis. For example, the FDA recently initiated a review of the premarket clearance process in response to internal and external concerns regarding the 510(k) program. In January 2011, the FDA announced several proposed action items intended to reform the review process governing the clearance of medical devices to improve the efficiency and transparency of the clearance process, as well as bolster patient safety. Some of these proposals, if enacted, could impose additional regulatory requirements upon us, which could delay our ability to obtain new 510(k) clearances, increase the costs of compliance or restrict our ability to maintain our current clearances. Moreover, as part of the Food and Drug Administration Safety and Innovation Act, or FDASIA, Congress reauthorized the Medical Device User Fee Amendments with various FDA performance goal commitments and enacted several “Medical Device Regulatory Improvements” and miscellaneous reforms which are further intended to clarify and improve medical device

42

regulation both pre- and post-clearance or approval. Any delay in, or failure to receive or maintain, clearance or approval for our products could prevent us from generating revenue from these products and adversely affect our business operations and financial results. Additionally, the FDA and other regulatory authorities have broad enforcement powers. Regulatory enforcement or inquiries, or other increased scrutiny on us, could affect the perceived safety and efficacy of our products and dissuade our customers from using our products. Many foreign governments have similar rules and regulations regarding the importation, registration, labeling, sale and use of our products. Such agencies may also impose new requirements that may require us to modify or re-register products already on the market or otherwise impact our ability to market our products in those countries.

We are also subject to government regulation of the use and handling of a number of materials and controlled substances.  The U.S. Drug Enforcement Administration establishes registration, security, recordkeeping, reporting, storage, distribution and other requirements for controlled substances pursuant to the Controlled Substances Act of 1970. Failure to comply with present or future laws and regulations could result in substantial liability to us, suspension or cessation of our operations, restrictions on our ability to expand at our present locations or require us to make significant capital expenditures or incur other significant expenses.

We are subject to federal and state healthcare fraud and abuse laws and regulations and could face substantial penalties if we are unable to fully comply with such laws.

We are subject to healthcare fraud and abuse regulation and enforcement by both the federal government and the states and foreign governments in which we conduct our business. These healthcare laws and regulations include, for example:

• the federal Anti-Kickback Statute, which prohibits, among other things, persons or entities from soliciting, receiving, offering or providing remuneration, directly or indirectly, in return for or to induce either the referral of an individual for, or the purchase order or recommendation of, any item or services for which payment may be made under a federal healthcare program such as the Medicare and Medicaid programs;

• federal false claims laws, which prohibit, among other things, individuals or entities from knowingly presenting, or causing to be presented, claims for payment from Medicare, Medicaid, or other third-party payors that are false or fraudulent, and which may apply to entities like us to the extent that our interactions with customers may affect their billing or coding practices;

• the federal Health Insurance Portability and Accountability Act of 1996, or HIPAA, which established new federal crimes for knowingly and willfully executing a scheme to defraud any healthcare benefit program or making false statements in connection with the delivery of or payment for healthcare benefits, items or services;

• the federal Health Insurance Portability and Accountability Act of 1996, as amended by the Health Information Technology for Economic and Clinical Health Act, which governs the conduct of certain electronic healthcare transactions and protects the security and privacy of protected health information; and

• state or foreign law equivalents of each of the above federal laws, such as anti-kickback and false claims laws, which may apply to items or services reimbursed by any third-party payor, including commercial insurers.

The risk of our being found in violation of these laws is increased by the fact that many of these laws are broad and their provisions are open to a variety of interpretations. Further, the PPACA amends the intent requirement of the federal anti-kickback and criminal health care fraud statutes. A person or entity no longer needs to have actual knowledge of this statute or specific intent to violate it. In addition, the government may assert that a claim including items or services resulting from a violation of the federal anti-kickback statute constitutes a false or fraudulent claim for purposes of the false claims statutes.

43

Further, the PPACA includes provisions known as the Physician Payment Sunshine Act, which requires certain manufacturers of drugs, biologics, devices and medical supplies to record any transfers of value to U.S. physicians and U.S. teaching hospitals. Manufacturers must also disclose investment interests held by physicians and their family members. Failure to submit the required information may result in civil monetary penalties of up an aggregate of $150,000 per year (and up to an aggregate of $1 million per year for “knowing failures”), for all payments, transfers of value or ownership or investment interests not reported in an annual submission, and may result in liability under other federal laws or regulations. Manufacturers have been required to perform data collection since August 1, 2013 and must have completed reporting of such data to the Centers for Medicare and Medicaid Services by June 30, 2014 and must report such data by the 90^th day of each subsequent calendar year. Several states in the U.S. have also implementedsimilar reporting requirements and/or mandate implementation of compliance programs. An increasing number of countries worldwide either have adopted or are considering similar laws requiring transparency of interactions with health care professionals. The shifting compliance environment and the need to build and maintain robust and expandable systems to comply with multiple jurisdictions with different compliance and/or reporting requirements increases the possibility that a healthcare company may violate one or more of the requirements.

These laws will continue to impose administrative, cost and compliance burdens on us. In addition, any action against us for violation of these laws, even if we successfully defend against it, could cause us to incur significant legal expenses and divert our management's attention from the operation of our business. If our operations are found to be in violation of any of the laws described above or any other governmental regulations that apply to us, we may be subject to penalties, including civil and criminal penalties, damages, fines, exclusion from the Medicare and Medicaid programs, and the curtailment or restructuring of our operations, any of which could adversely affect our ability to operate our business and our financial results.

Regulations related to “conflict minerals” could adversely impact our business.

On August 22, 2012, the SEC adopted a rule requiring disclosures by public companies of their use of specified minerals (tantalum, tin, tungsten and gold) that are necessary to the functionality or production of products manufactured or contracted to be manufactured. The rule requires that we:

• examine our products to determine whether and to what extent the rule applies,

• if applicable, perform a reasonable country of origin inquiry to determine whether or not the specified minerals originated from the Democratic Republic of Congo (DRC) or an adjoining country,

• if applicable, conduct due diligence regarding the source and chain of custody of the specified minerals, and

• file a report annually that includes a description of our process and the results of our efforts.

We have incurred, and will continue to incur, additional costs in order to comply with the disclosure requirements of this rule. In addition, we might incur further costs due to possible changes to our products, processes, or sources of supply as a consequence of our due diligence activities. As our supply chain is complex, we may not be able to sufficiently verify the origins of the specified minerals used in our products through our due diligence procedures, which may harm our reputation. In addition, we may encounter challenges to satisfy those customers who require that all of the components of our products be certified as “DRC conflict free”, which could place us at a competitive disadvantage if we do not do so.

A reduction or interruption in the supply of components and raw materials could adversely affect our manufacturing operations and related product sales.

The manufacture of many of our products requires the timely delivery of sufficient amounts of quality components and materials. We manufacture our products in numerous manufacturing facilities around the world. We acquire our components and materials from many suppliers in various countries. We work closely with our suppliers to ensure the continuity of supply but we cannot guarantee these efforts will always be successful. Further, while efforts are made to diversify our sources of components and materials, in certain instances we acquire components and materials from a sole supplier. In addition, due to the regulatory environment in which we operate, we may be

44

unable to quickly establish additional or replacement sources for some components or materials. A reduction or interruption in supply, and an inability to develop alternative sources for such supply, could adversely affect our ability to manufacture our products in a timely or cost-effective manner, and our ability to make product sales.

We are currently subject to environmental regulations and enforcement proceedings.

Our operations are subject to federal, state, local and foreign environmental laws and regulations that govern such activities as transportation of goods, emissions to air and discharges to water, as well as handling and disposal practices for solid, hazardous and medical wastes.  In addition to environmental laws that regulate our operations, we are also subject to environmental laws and regulations that create liability and clean-up responsibility for spills, disposals or other releases of hazardous substances into the environment as a result of our operations or otherwise impacting real property that we own or operate.  The environmental laws and regulations also subject us to claims by third parties for damages resulting from any spills, disposals or releases resulting from our operations or at any of our properties.

We may in the future incur capital and operating costs to comply with currently existing laws and regulations, and possible new statutory enactments, and these expenditures may be significant.  We have incurred, and may in the future incur, fines related to environmental matters and liability for costs or damages related to spills or other releases of hazardous substances into the environment at sites where we have operated, or at off-site locations where we have sent hazardous substances for disposal.  We can provide no assurance, however, that such matters or any future obligations to comply with environmental laws and regulations will not have a material impact on our operations or financial condition.

Loss of key personnel could hurt our business.

Our products and services are highly technical in nature. In general, only highly qualified and trained scientists have the necessary skills to develop and market our products and provide our services. In addition, some of our manufacturing positions are highly technical.  We face intense competition for these professionals from our competitors, customers, marketing partners and other companies throughout our industry.  We generally do not enter into employment agreements requiring these employees to continue in our employment for any period of time. Any failure on our part to hire, train and retain a sufficient number of qualified personnel could substantially damage our business.  Additionally, if we were to lose a sufficient number of our research and development scientists and were unable to replace them or satisfy our needs for research and development through outsourcing, it could adversely affect our business.

A significant majority of our voting stock is held by the Schwartz family, which could lead to conflicts of interest.

We have two classes of voting stock: Class A Common Stock and Class B Common Stock. With a few exceptions, holders of Class A and Class B Common Stock vote as a single class.  When voting as a single class, each share of Class A Common Stock is entitled to one-tenth of a vote, while each share of Class B Common Stock has one vote. In the election or removal of directors, the classes vote separately and the holders of Class A Common Stock are entitled to elect 25% of the Board of Directors, with holders of Class B Common Stock electing the remaining directors.

As of February 14, 2014, the Schwartz family collectively held approximately 15% of our Class A Common Stock and 94% of our Class B Common Stock.  As a result, the Schwartz family is able to elect a majority of the directors, effect fundamental changes in our direction and control matters affecting us, including the determination of business opportunities that may be suitable for our company.  In addition, this concentration of ownership and voting power may have the effect of delaying or preventing a change in control of our company.

The Schwartz family may exercise its control over us according to interests that are different from other investors’ or debtors’ interests.

45

Natural disasters, terrorist attacks, acts of war or other events beyond our control may cause damage or disruption to us and our employees, facilities, information systems, security systems, vendors and customers, which could significantly impact our net sales, costs and expenses, and financial condition.

We have significant manufacturing and distribution facilities, particularly in the western United States, France, Switzerland, Germany and Singapore.  In particular, the western United States has experienced a number of earthquakes, wildfires, floods, landslides and other natural disasters in recent years.  The occurrences could damage or destroy our facilities which may result in interruptions to our business and losses that exceed our insurance coverage.  In addition, strikes or other labor unrest could cause disruption to our business. Terrorist attacks, such as those that occurred on September 11, 2001, have contributed to economic instability in the United States, and further acts of terrorism, bioterrorism, violence or war could affect the markets in which we operate, our business operations, our expectations and other forward-looking statements contained or incorporated in this document.  Any of these events could cause a decrease in our revenue, earnings and cash flows.

We may incur losses in future periods due to write-downs in the value of financial instruments.

We have positions in a variety of financial instruments including asset backed securities and other similar instruments. Financial markets are quite volatile and the markets for these securities can be illiquid.  The value of these securities will continue to be impacted by external market factors including default rates, changes in the value of the underlying property, such as residential or commercial real estate, rating agency actions, the prices at which observable market transactions occur and the financial strength of various entities, such as financial guarantors who provide insurance for the securities.  Should we need to convert these positions to cash, we may not be able to sell these instruments without significant losses due to current debtor financial conditions or other market considerations.

We have substantial debt and have the ability to incur additional debt.  The principal and interest payment obligations of such debt may restrict our future operations and impair our ability to meet our obligations under our notes.

As of June 30, 2014 we and our subsidiaries have approximately $437.3 million of outstanding indebtedness.

The following chart shows certain important credit statistics.

	At June 30, 2014
	(dollars in millions)
Total debt	$	437.3
Total stockholders’ equity	$	2,249.9
Debt to equity ratio	0.2

Our incurrence of substantial amounts of debt may have important consequences.  For instance, it could:

• make it more difficult for us to satisfy our financial obligations, including those relating to our outstanding notes;

• require us to dedicate a substantial portion of our cash flow from operations to the payment of interest and principal due under our debt, including our outstanding notes, which will reduce funds available for other business purposes;

• increase our vulnerability to general adverse economic and industry conditions;

• limit our flexibility in planning for, or reacting to, changes in our business and the industries in which we operate;

• place us at a competitive disadvantage compared with some of our competitors that have less debt; and

46

• limit our ability to obtain additional financing required to fund working capital and capital expenditures and for other general corporate purposes.

Our ability to satisfy our obligations and to reduce our total debt depends on our future operating performance and on economic, financial, competitive and other factors, many of which are beyond our control.  Our business may not generate sufficient cash flow, and future financings may not be available to provide sufficient net proceeds, to meet these obligations or to successfully execute our business strategy.

Our existing credit facility and the terms of our other debt instruments, including agreements we may enter in the future, contain or will contain covenants imposing significant restrictions on our business.  These restrictions may affect our ability to operate our business and may limit our ability to take advantage of potential business opportunities as they arise.  These covenants place restrictions on our ability to, among other things:

• incur additional debt;

• acquire other businesses or assets through merger or purchase;

• create liens;

• make investments;

• enter into transactions with affiliates;

• sell assets;

• in the case of some of our subsidiaries, guarantee debt; and

• declare or pay dividends, redeem stock or make other distributions to stockholders.

Our existing credit facility also requires that we comply with certain financial ratios, including a maximum consolidated leverage ratio test and a minimum consolidated interest coverage ratio test.

Our ability to comply with these covenants may be affected by events beyond our control, including prevailing economic, financial and industry conditions.  The breach of any of these restrictions could result in a default.  An event of default under our debt agreements would permit some of our lenders to declare all amounts borrowed from them to be due and payable, together with accrued and unpaid interest. In addition, acceleration of our other indebtedness may cause us to be unable to make interest payments on our outstanding notes and repay the principal amount of our outstanding notes or may cause the future subsidiary guarantors, if any, to be unable to make payments under the guarantees.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

None.

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Item 6. Exhibits

(a)  Exhibits

The following documents are filed as part of this report:

Exhibit No.
31.1	Chief Executive Officer Section 302 Certification
31.2	Chief Financial Officer Section 302 Certification
32.1	Chief Executive Officer Certification pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Chief Financial Officer Certification pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101	The following materials from this report, formatted in XBRL (Extensible Business Reporting Language): (i) the Condensed Consolidated Balance Sheets, (ii) the unaudited interim Condensed Consolidated Statements of Income, (iii) the unaudited interim Condensed Consolidated Statements of Comprehensive Income, (iv) the unaudited interim Condensed Consolidated Statements of Cash Flows, and (v) Notes to Condensed Consolidated Financial Statements.

48

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereto duly authorized.

BIO-RAD LABORATORIES, INC.
(Registrant)
Date:	August 6, 2014	/s/ Norman Schwartz
		Norman Schwartz, Chairman of the Board,
		President and Chief Executive Officer
Date:	August 6, 2014	/s/ Christine A. Tsingos
		Christine A. Tsingos, Executive Vice President,
		Chief Financial Officer

49

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer Required By

Exchange Act Rules 13a-14(a) and 15d-14(a)

I, Norman Schwartz, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Bio-Rad Laboratories, Inc.

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report fairly present, in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13-a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	August 6, 2014	/s/ Norman Schwartz
		Norman Schwartz, Chairman of the Board,
		President and Chief Executive Officer

EX-31.2

Exhibit 31.2

Certification of Chief Financial Officer Required By

Exchange Act Rules 13a-14(a) and 15d-14(a)

I, Christine A. Tsingos, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Bio-Rad Laboratories, Inc.

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report fairly present, in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13-a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	August 6, 2014	/s/ Christine A.Tsingos
		Christine A. Tsingos
		Executive Vice President,
		Chief Financial Officer

EX-32.1

Exhibit 32.1

Certification of Periodic Report

I, Norman Schwartz, Chief Executive Officer of Bio-Rad Laboratories, Inc. (the “Company”), certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that:

(1) the Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2014 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m); and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:	August 6, 2014	/s/ Norman Schwartz
		Norman Schwartz, Chairman of the Board,
		President and Chief Executive Officer

EX-32.2

Exhibit 32.2

Certification of Periodic Report

I, Christine A. Tsingos, Chief Financial Officer of Bio-Rad Laboratories, Inc. (the “Company”), certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that:

(1) the Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2014 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m); and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:	August 6, 2014	/s/ Christine A. Tsingos
		Christine A. Tsingos
		Executive Vice President,
		Chief Financial Officer

XML

5. Product Warranty Liability (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Movement in Standard Product Warranty Accrual [Roll Forward]
Accrual at beginning of period	$ 15.6
Provision for warranty	10.4
Actual warranty costs	(10.4)
Accrual at end of period	$ 15.6

XML

11. Segment Profit Reconciliation (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income before income taxes	$ (48,797)	$ (49,044)	$ (63,335)	$ (73,091)
NonAllocated Expense Loss Contingency [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income before income taxes			8,000
Other Income and Expense Non Operating [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income before income taxes	(8,400)	(8,600)	(9,000)	(10,000)
Foreign Currency Gain (Loss) [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income before income taxes	(300)	900	2,500	2,400
Corporate, Non-Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income before income taxes	(2,900)	(1,000)	(12,000)	(1,700)
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income before income taxes	$ (43,000)	$ (42,300)	$ (68,800)	$ (67,200)

XML

3. Available-for-Sale Investments (Details) (Fair Value, Measurements, Recurring [Member], USD $) In Millions, unless otherwise specified	6 Months Ended		12 Months Ended
	Jun. 30, 2014		Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 310.7		$ 327.2
Unrealized Gains	248.4		244.6
Unrealized Losses	(0.3)		(0.9)
Estimated Fair Value	558.8		570.9
Other Long-term Investments [Member] | Asset-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	0.3		0.4
Unrealized Gains	0		0
Unrealized Losses	0		(0.1)
Estimated Fair Value	0.3		0.3
Other Long-term Investments [Member] | Marketable Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	54.5		54.5
Unrealized Gains	241.1		238.7
Unrealized Losses	0		0
Estimated Fair Value	295.6		293.2
Other Long-term Investments [Member] | Available-for-sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	54.8		54.9
Unrealized Gains	241.1		238.7
Unrealized Losses	0		(0.1)
Estimated Fair Value	295.9		293.5
Short-term Investments [Member] | Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	120.0		132.6
Unrealized Gains	0.5		0.3
Unrealized Losses	(0.1)		(0.4)
Estimated Fair Value	120.4		132.5
Short-term Investments [Member] | Foreign Brokered Certificates of Deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	5.1		8.9
Unrealized Gains	0		0
Unrealized Losses	0		0
Estimated Fair Value	5.1		8.9
Short-term Investments [Member] | Municipal obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	8.1		11.1
Unrealized Gains	0		0
Unrealized Losses	(0.1)		(0.1)
Estimated Fair Value	8.0		11.0
Short-term Investments [Member] | Asset-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	50.4		48.4
Unrealized Gains	0.1		0.1
Unrealized Losses	(0.1)		(0.2)
Estimated Fair Value	50.4		48.3
Short-term Investments [Member] | Marketable Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	26.6		26.6
Unrealized Gains	6.6		5.4
Unrealized Losses	0		0
Estimated Fair Value	33.2		32.0
Short-term Investments [Member] | Available-for-sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	255.9		272.3
Unrealized Gains	7.3		5.9
Unrealized Losses	(0.3)		(0.8)
Estimated Fair Value	262.9		277.4
Short-term Investments [Member] | US Government Sponsored Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	41.9		39.1
Unrealized Gains	0.1		0.1
Unrealized Losses	0		(0.1)
Estimated Fair Value	42.0		39.1
Short-term Investments [Member] | Foreign Government Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	3.8		5.6
Unrealized Gains	0		0
Unrealized Losses	0		0
Estimated Fair Value	3.8		5.6
Estimate of Fair Value, Fair Value Disclosure [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	558.8	[1]	570.9	[1]
Estimate of Fair Value, Fair Value Disclosure [Member] | Corporate Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	120.4	[1]	132.5	[1]
Estimate of Fair Value, Fair Value Disclosure [Member] | Foreign Brokered Certificates of Deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	5.1	[1]	8.9	[1]
Estimate of Fair Value, Fair Value Disclosure [Member] | Municipal obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	8.0	[1]	11.0	[1]
Estimate of Fair Value, Fair Value Disclosure [Member] | Asset-backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	50.7	[1]	48.6	[1]
Estimate of Fair Value, Fair Value Disclosure [Member] | Marketable Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	328.8	[1]	325.2	[1]
Estimate of Fair Value, Fair Value Disclosure [Member] | US Government Sponsored Agencies [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	42.0	[1]	39.1	[1]
Estimate of Fair Value, Fair Value Disclosure [Member] | Foreign Government Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	3.8	[1]	5.6	[1]
Estimate of Fair Value, Fair Value Disclosure [Member] | Short-term Investments [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	$ 262.9		$ 277.4

[1] Available-for-sale investments are included in the following accounts in the Condensed Consolidated Balance Sheets (in millions): June 30, 2014 December 31, 2013Short-term investments$262.9 $277.4Other investments295.9 293.5Total$558.8 $570.9

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9. Other Income and Expenses (Tables)

6 Months Ended

Jun. 30, 2014

Other Income and Expenses [Abstract]

Schedule of other income (expense), net

Other (income) expense, net includes the following components (in millions):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Interest and investment income	$	(8.5	)	$	(7.8	)	$	(9.2	)	$	(9.1	)
Net realized gains on investments	—			—			—			(0.2		)
Miscellaneous other expense (income) items, net	0.1			(0.8		)	0.2			(0.7		)
Other (income) expense, net	$	(8.4	)	$	(8.6	)	$	(9.0	)	$	(10.0	)

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8. Earnings Per Share (Details) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Basic weighted average shares outstanding	28,826	28,538	28,809	28,516
Effect of potentially dilutive stock options and restricted stock awards	266	330	267	327
Diluted weighted average common shares	29,092	28,868	29,076	28,843
Anti-dilutive shares	107	92	94	92

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4. Intangible Assets, Goodwill and Other (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Goodwill [Line Items]
Goodwill	$ 563,400,000	$ 546,000,000
Accumulated impairment loss	(28,200,000)	(28,200,000)
Goodwill, net	535,223,000	517,770,000
Currency fluctuations	2,200,000
Goodwill, Acquired During Period	15,200,000
Life Science [Member]
Goodwill [Line Items]
Goodwill	209,000,000	209,000,000
Accumulated impairment loss	(27,200,000)	(27,200,000)
Goodwill, net	181,800,000	181,800,000
Currency fluctuations	0
Goodwill, Acquired During Period	0
Clinical Diagnostics [Member]
Goodwill [Line Items]
Goodwill	354,400,000	337,000,000
Accumulated impairment loss	(1,000,000)	(1,000,000)
Goodwill, net	353,400,000	336,000,000
Currency fluctuations	2,200,000
Goodwill, Acquired During Period	$ 15,200,000

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12. Legal Proceedings 12. Contingent Liability (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Loss Contingencies [Line Items]
Estimated loss contingency		$ 39,800,000	$ 30,000,000
Loss Contingency Accrual, Provision	8,000,000
Including Interest [Member]
Loss Contingencies [Line Items]
Estimated loss contingency		43,000,000
Interest Expense [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual, Provision	(1,800,000)
Selling, General and Administrative Expenses [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual, Provision	9,800,000
Accrued Interest [Member]
Loss Contingencies [Line Items]
Estimated loss contingency		$ 3,200,000

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3. Fair Value Measurements

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

3.FAIR VALUE MEASUREMENTS

We determine the fair value of an asset or liability based on the assumptions that market participants would use in pricing the asset or liability in an orderly transaction between market participants at the measurement date.  The identification of market participant assumptions provides a basis for determining what inputs are to be used for pricing each asset or liability.  A fair value hierarchy has been established which gives precedence to fair value measurements calculated using observable inputs over those using unobservable inputs. This hierarchy prioritizes the inputs into three broad levels as follows:

• Level 1: Quoted prices in active markets for identical instruments

• Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments)

• Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments)

Financial assets and liabilities carried at fair value and measured on a recurring basis as of June 30, 2014 are classified in the hierarchy as follows (in millions):

	Level 1		Level 2		Level 3		Total
Financial Assets Carried at Fair Value:
Cash equivalents:
Commercial paper	$	—	$	22.3	$	—	$	22.3
U.S. government sponsored agencies	—		1.0		—		1.0
Foreign time deposits	21.3		—		—		21.3
Money market funds	4.1		—		—		4.1
Total cash equivalents (a)	25.4		23.3		—		48.7
Available-for-sale investments:
Corporate debt securities	—		120.4		—		120.4
Foreign brokered certificates of deposit	—		5.1		—		5.1
U.S. government sponsored agencies	—		42.0		—		42.0
Foreign government obligations	—		3.8		—		3.8
Municipal obligations	—		8.0		—		8.0
Marketable equity securities	328.8		—		—		328.8
Asset-backed securities	—		50.7		—		50.7
Total available-for-sale investments (b)	328.8		230.0		—		558.8
Forward foreign exchange contracts (c)	—		0.8		—		0.8
Total financial assets carried at fair value	$	354.2	$	254.1	$	—	$	608.3
Financial Liabilities Carried at Fair Value:
Forward foreign exchange contracts (d)	$	—	$	0.8	$	—	$	0.8
Contingent consideration (e)	—		—		26.1		26.1
Total financial liabilities carried at fair value	$	—	$	0.8	$	26.1	$	26.9

Financial assets and liabilities carried at fair value and measured on a recurring basis as of December 31, 2013 are classified in the hierarchy as follows (in millions):

	Level 1		Level 2		Level 3		Total
Financial Assets Carried at Fair Value:
Cash equivalents:
Commercial paper	$	—	$	7.0	$	—	$	7.0
Foreign time deposits	11.1		—		—		11.1
U.S. government sponsored agencies	—		1.2		—		1.2
Money market funds	1.2		—		—		1.2
Total cash equivalents (a)	12.3		8.2		—		20.5
Available-for-sale investments:
Corporate debt securities	—		132.5		—		132.5
Foreign brokered certificates of deposit	—		8.9		—		8.9
U.S. government sponsored agencies	—		39.1		—		39.1
Foreign government obligations	—		5.6		—		5.6
Municipal obligations	—		11.0		—		11.0
Marketable equity securities	325.2		—		—		325.2
Asset-backed securities	—		48.6		—		48.6
Total available-for-sale investments (b)	325.2		245.7		—		570.9
Forward foreign exchange contracts (c)	—		0.6		—		0.6
Total financial assets carried at fair value	$	337.5	$	254.5	$	—	$	592.0
Financial Liabilities Carried at Fair Value:
Forward foreign exchange contracts (d)	$	—	$	1.1	$	—	$	1.1
Contingent consideration (e)	—		—		20.8		20.8
Total financial liabilities carried at fair value	$	—	$	1.1	$	20.8	$	21.9

(a) Cash equivalents are included in Cash and cash equivalents in the Condensed Consolidated Balance Sheets.

(b) Available-for-sale investments are included in the following accounts in the Condensed Consolidated Balance Sheets (in millions):

	June 30, 2014		December 31, 2013
Short-term investments	$	262.9	$	277.4
Other investments	295.9		293.5
Total	$	558.8	$	570.9

(c) Forward foreign exchange contracts in an asset position are included in Prepaid expenses, taxes and other current assets in the Condensed Consolidated Balance Sheets.

(d) Forward foreign exchange contracts in a liability position are included in Other current liabilities in the Condensed Consolidated Balance Sheets.

(e) Contingent consideration liability is included in the following accounts in the Condensed Consolidated Balance Sheets (in millions):

	June 30, 2014		December 31, 2013
Other current liabilities	$	2.7	$	6.1
Other long-term liabilities	23.4		14.7
Total	$	26.1	$	20.8

During the third quarter of 2012, we recognized a contingent consideration liability upon our acquisition of a new cell sorting system from Propel Labs, Inc. The fair value of the contingent consideration was based on a probability-weighted income approach related to the achievement of certain development and sales milestones. The development milestone was achieved and paid in 2013. Based on the most recent valuation, the sales milestones could potentially range from $0 to a maximum of 60.0%, 51.32% and 50.38% of annual cell sorting system purchase orders starting September 2013, September 2014 and September 2015, with payment to occur upon the anniversary of the completion of a certain number of cell sorting systems for three consecutive years, respectively. These maximum payout ratios begin at annual cell sorting system purchase orders in excess of $20 million, $30 million and $45 million for the three consecutive years, respectively. The contingent consideration was revalued by a reduction of $5.4 million in 2014 to Selling, general and administrative expense to its estimated fair value of $15.4 million as of June 30, 2014.

During the second quarter of 2014, we recognized a contingent consideration liability upon our acquisition of GnuBIO. The contingent consideration was based on a probability-weighted income approach that could reach $70.0 million upon the achievement of all development/regulatory and sales milestones. The contingent consideration for the development/regulatory milestones was valued at $10.7 million, based on assumptions regarding the probability of achieving the milestones, with such amounts discounted to present value. The contingent consideration for the sales milestones was determined to be negligible, using the risk-neutral probability of being in the money based on a Black-Scholes framework.

The following table provides a reconciliation of the Level 3 contingent consideration liability measured at estimated fair value based on original valuations and updated quarterly for the six months ended June 30, 2014 (in millions):

	2014
January 1	$	20.8
Decrease in estimated fair value of contingent consideration included in Selling, general and administrative expense - Cell sorting system	(5.4		)
Acquisition of GnuBIO	10.7
June 30	$	26.1

The following table provides quantitative information about Level 3 inputs for fair value measurement of our contingent consideration liability as of June 30, 2014. Significant increases or decreases in these inputs in isolation could result in a significantly lower or higher fair value measurement.

			Range
	Valuation Technique	Unobservable Input	From	To
Cell sorting system	Probability-weighted income approach	Sales milestones:
		Credit adjusted discount rates	0.42%	1.29%
		Projected volatility of growth rate	8%	20%
		Market price of risk	1.25%	N/A
GnuBIO	Probability-weighted income approach	Development/regulatory milestones:
		Cumulative milestones probability	75.0%	42.2%
		Discount Rate	0.67%	0.83%
		Sales milestones:
		Cumulative milestones probability	0.001%	0.0%
		Discount Rate	1.1%	2.2%

To estimate the fair value of Level 2 debt securities as of June 30, 2014 and December 31, 2013, our primary pricing provider uses S&P Capital IQ as the primary pricing source. Our pricing process allows us to select a hierarchy of pricing sources for securities held. The chosen pricing hierarchy for our Level 2 securities, other than certificates of deposit and commercial paper, is S&P Capital IQ as the primary pricing source and then our custodian as the secondary pricing source. If S&P Capital IQ does not price a Level 2 security that we hold, then the pricing provider will utilize our custodian supplied pricing.

For commercial paper as of June 30, 2014 and December 31, 2013, pricing is determined by a straight-line calculation, starting with the purchase price on the date of purchase and increasing to par at maturity. Interest bearing certificates of deposit and commercial paper are priced at par.

In addition to the above, our primary pricing provider performed daily reasonableness testing of the S&P Capital IQ prices to custodian reported prices. Prices outside a tolerable variance of approximately 1% are investigated and resolved.

Available-for-sale investments consist of the following (in millions):

	June 30, 2014
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
Short-term investments:
Corporate debt securities	$	120.0	$	0.5	$	(0.1	)	$	120.4
Foreign brokered certificates of deposit	5.1		—		—			5.1
Municipal obligations	8.1		—		(0.1		)	8.0
Asset-backed securities	50.4		0.1		(0.1		)	50.4
U.S. government sponsored agencies	41.9		0.1		—			42.0
Foreign government obligations	3.8		—		—			3.8
Marketable equity securities	26.6		6.6		—			33.2
	255.9		7.3		(0.3		)	262.9
Long-term investments:
Marketable equity securities	54.5		241.1		—			295.6
Asset-backed securities	0.3		—		—			0.3
	54.8		241.1		—			295.9
Total	$	310.7	$	248.4	$	(0.3	)	$	558.8

	December 31, 2013
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
Short-term investments:
Corporate debt securities	$	132.6	$	0.3	$	(0.4	)	$	132.5
Foreign brokered certificates of deposit	8.9		—		—			8.9
Municipal obligations	11.1		—		(0.1		)	11.0
Asset-backed securities	48.4		0.1		(0.2		)	48.3
U.S. government sponsored agencies	39.1		0.1		(0.1		)	39.1
Foreign government obligations	5.6		—		—			5.6
Marketable equity securities	26.6		5.4		—			32.0
	272.3		5.9		(0.8		)	277.4
Long-term investments:
Marketable equity securities	54.5		238.7		—			293.2
Asset-backed securities	0.4		—		(0.1		)	0.3
	54.9		238.7		(0.1		)	293.5
Total	$	327.2	$	244.6	$	(0.9	)	$	570.9

The following is a summary of investments with gross unrealized losses and the associated fair value (in millions):

	June 30, 2014		December 31, 2013
Fair value of investments in a loss position 12 months or more	$	13.2	$	2.3
Fair value of investments in a loss position less than 12 months	$	31.3	$	73.9
Gross unrealized losses for investments in a loss position 12 months or more	$	0.2	$	0.1
Gross unrealized losses for investments in a loss position less than 12 months	$	0.1	$	0.8

The unrealized losses on these securities are due to a number of factors, including changes in interest rates, changes in economic conditions and changes in market outlook for various industries, among others.  Because Bio-Rad has the ability and intent to hold these investments with unrealized losses until a recovery of fair value, or for a reasonable period of time sufficient for a forecasted recovery of fair value, which may be maturity, we do not consider these investments to be other-than-temporarily impaired at June 30, 2014 or at December 31, 2013.

As part of distributing our products, we regularly enter into intercompany transactions.  We enter into forward foreign exchange contracts to manage foreign exchange risk of future movements in foreign exchange rates that affect foreign currency denominated intercompany receivables and payables.  We do not use derivative financial instruments for speculative or trading purposes.  We do not seek hedge accounting treatment for these contracts.  As a result, these contracts, generally with maturity dates of 90 days or less and denominated primarily in currencies of industrial countries, are recorded at their fair value at each balance sheet date.  The notional principal amounts provide one measure of the transaction volume outstanding as of June 30, 2014 and do not represent the amount of Bio-Rad's exposure to loss. The estimated fair value of these contracts was derived using the spot rates from Reuters on the last business day of the quarter and the points provided by counterparties.  The resulting gains or losses offset exchange gains or losses on the related receivables and payables, both of which are included in Foreign exchange losses, net in the unaudited interim Condensed Consolidated Statements of Income.

The following is a summary of our forward foreign exchange contracts (in millions):

	June 30,
	2014
Contracts maturing in July through September 2014 to sell foreign currency:
Notional value	$	89.4
Unrealized gain	$	0.2
Contracts maturing in July through September 2014 to purchase foreign currency:
Notional value	$	383.6
Unrealized loss	$	(0.2	)

The following is a summary of the amortized cost and estimated fair value of our debt securities at June 30, 2014 by contractual maturity date (in millions):

	Amortized Cost		Estimated Fair Value
Mature in less than one year	$	71.4	$	71.5
Mature in one to five years	118.0		118.3
Mature in more than five years	40.2		40.2
Total	$	229.6	$	230.0

The estimated fair value of financial instruments that are not recognized at fair value in the Condensed Consolidated Balance Sheets and are included in Other investments, are presented in the table below. Fair value has been determined using significant observable inputs, including quoted prices in active markets for similar instruments.  Estimates are not necessarily indicative of the amounts that could be realized in a current market exchange as considerable judgment is required in interpreting market data used to develop estimates of fair value. The use of different market assumptions or estimation techniques could have a material effect on the estimated fair value.  Other investments include financial instruments, the majority of which have fair value based on similar, actively traded stock adjusted for various discounts, including a discount for marketability.  Long-term debt, excluding leases and current maturities, has an estimated fair value based on quoted market prices for the same or similar issues.

The estimated fair value of the financial instruments discussed above and the level of the fair value hierarchy within which the fair value measurement is categorized are as follows (in millions):

	June 30, 2014					December 31, 2013
	Carrying  Amount		Estimated  Fair  Value		Fair Value Hierarchy Level	Carrying  Amount		Estimated  Fair  Value		Fair Value Hierarchy Level
Other investments	$	80.2	$	390.6	2	$	77.5	$	382.9	2
Total long-term debt, excluding leases and current maturities (a)	$	423.3	$	450.1	2	$	423.2	$	433.0	2

(a) The carrying amount of our capital leases at June 30, 2014 and December 31, 2013 was approximately $12.5 million and $12.6 million respectively. We believe these amounts approximate fair value due to the market rates inherent in the leases.

We own shares of ordinary voting stock of Sartorius AG (Sartorius), of Goettingen, Germany, a process technology supplier to the biotechnology, pharmaceutical, chemical and food and beverage industries.  We own over 35% of the outstanding voting shares (excluding treasury shares) of Sartorius as of June 30, 2014.  The Sartorius family trust and Sartorius family members hold a controlling interest of the outstanding voting shares. We do not have any representative or designee on Sartorius’ Board of Directors, nor do we have the ability to exercise significant influence over the operating and financial policies of Sartorius.  We account for this investment using the cost method.  The carrying value of this investment is included in Other investments in our Condensed Consolidated Balance Sheets. As the stock is thinly traded and in conjunction with the valuation method discussed above, we have classified the estimated fair value as Level 2. The Level 2 classification is appropriate given the valuation method employed, which incorporates an observable input of the fair value of the Sartorius’ actively traded preferred stock.

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9. Other Income and Expenses (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Interest and investment income	$ (8,500,000)	$ (7,800,000)	$ (9,200,000)	$ (9,100,000)
Net realized gains on investments	0	0	0	(200,000)
Miscellaneous other expense (income) items, net	100,000	(800,000)	200,000	(700,000)
Other (income) expense, net	$ 8,388,000	$ 8,644,000	$ 9,049,000	$ 10,044,000

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2. Acquisitions (Details) (USD $)			3 Months Ended		0 Months Ended	3 Months Ended
	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014 GnuBIO [Member]	Apr. 10, 2014 GnuBIO [Member]	Jan. 10, 2013 AbD Serotec [Member]	Jun. 30, 2013 AbD Serotec [Member]
Business Acquisition [Line Items]
Indefinite-lived Intangible Assets Acquired			$ 46,400,000
Cash Acquired from Acquisition						7,300,000
Business Combination, Consideration Transferred			50,400,000		62,200,000
Payments to Acquire Businesses, Gross			39,700,000
Business Combination, Contingent Consideration, Liability				10,700,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High				70,000,000
Goodwill	535,223,000	517,770,000		15,200,000	14,900,000
Finite-lived Intangible Assets Acquired					44,000,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net				$ (11,200,000)	$ 3,300,000

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1. Basis of Presentation and Use of Estimates Reclassification R&D Credits (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Research and Development Expense	$ 55,717	$ 51,841	$ 108,260	$ 102,184
Net income attributable to Bio-Rad	31,631	34,602	38,299	54,753
Income Tax Expense (Benefit)	17,166	14,442	25,036	18,317
Prior Period Reclassification Adjustment [Member] | Restatement Adjustment [Member]
Research and Development Expense		(1,400)		(3,000)
Net income attributable to Bio-Rad		(100)		600
Income Tax Expense (Benefit)		$ 1,500		$ 2,400

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10. Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Effective tax rate	35.00%	29.00%	40.00%	25.00%
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 1.4		$ 1.4
U.S. Federal [Member]
Statutory Rates	35.00%	35.00%	35.00%	35.00%

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3. Fair Value Measurements Fair Value Level Table (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014 Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Fair Value, Measurements, Recurring [Member]	Jun. 30, 2014 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Commercial Paper [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Commercial Paper [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Commercial Paper [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Commercial Paper [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Commercial Paper [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 Commercial Paper [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Commercial Paper [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Commercial Paper [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Foreign Time Deposits [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Foreign Time Deposits [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Foreign Time Deposits [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Foreign Time Deposits [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Foreign Time Deposits [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 Foreign Time Deposits [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Foreign Time Deposits [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Foreign Time Deposits [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Money Market Funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Money Market Funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Money Market Funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Money Market Funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Money Market Funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 Money Market Funds [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Money Market Funds [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Money Market Funds [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Cash Equivalents [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Foreign Brokered Certificates of Deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Foreign Brokered Certificates of Deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Foreign Brokered Certificates of Deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Foreign Brokered Certificates of Deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Foreign Brokered Certificates of Deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 Foreign Brokered Certificates of Deposit [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Foreign Brokered Certificates of Deposit [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Foreign Brokered Certificates of Deposit [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Foreign Government Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Foreign Government Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Foreign Government Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Foreign Government Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Foreign Government Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 Foreign Government Obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Foreign Government Obligations [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Foreign Government Obligations [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Municipal obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Municipal obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Municipal obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Municipal obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Municipal obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 Municipal obligations [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Municipal obligations [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Municipal obligations [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Asset-backed Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Asset-backed Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Asset-backed Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Asset-backed Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Jun. 30, 2014 Asset-backed Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Dec. 31, 2013 Asset-backed Securities [Member] Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 3 [Member]		Jun. 30, 2014 Asset-backed Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Asset-backed Securities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Other Current Liabilities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Dec. 31, 2013 Other Current Liabilities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2014 Other Noncurrent Liabilities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Dec. 31, 2013 Other Noncurrent Liabilities [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2014 Short-term Investments [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Dec. 31, 2013 Short-term Investments [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Jun. 30, 2014 Short-term Investments [Member] Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Short-term Investments [Member] Corporate Debt Securities [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2014 Short-term Investments [Member] Foreign Brokered Certificates of Deposit [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Short-term Investments [Member] Foreign Brokered Certificates of Deposit [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2014 Short-term Investments [Member] US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Short-term Investments [Member] US Government Sponsored Agencies [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2014 Short-term Investments [Member] Foreign Government Obligations [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Short-term Investments [Member] Foreign Government Obligations [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2014 Short-term Investments [Member] Municipal obligations [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Short-term Investments [Member] Municipal obligations [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2014 Short-term Investments [Member] Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Short-term Investments [Member] Marketable Equity Securities [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2014 Short-term Investments [Member] Asset-backed Securities [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Short-term Investments [Member] Asset-backed Securities [Member] Fair Value, Measurements, Recurring [Member]	Jun. 30, 2014 Other Investments [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]	Dec. 31, 2013 Other Investments [Member] Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents																					$ 0	[1]	$ 1,000,000	[1]	$ 1,200,000	[1]	$ 0	[1]	$ 0	[1]	$ 1,000,000	[1]	$ 1,200,000	[1]	$ 0	[1]	$ 0	[1]	$ 22,300,000	[1]	$ 7,000,000	[1]	$ 0	[1]	$ 0	[1]	$ 22,300,000	[1]	$ 7,000,000	[1]	$ 21,300,000	[1]	$ 11,100,000	[1]	$ 0	[1]	$ 0	[1]	$ 0	[1]	$ 0	[1]	$ 21,300,000	[1]	$ 11,100,000	[1]	$ 4,100,000	[1]	$ 1,200,000	[1]	$ 0	[1]	$ 0	[1]	$ 0	[1]	$ 0	[1]	$ 4,100,000	[1]	$ 1,200,000	[1]	$ 25,400,000	[1]	$ 12,300,000	[1]	$ 23,300,000	[1]	$ 8,200,000	[1]	$ 0	[1]	$ 0	[1]	$ 48,700,000	[1]	$ 20,500,000	[1]																																			$ 0	[2]
Available-for-sale Securities, Fair Value Disclosure			558,800,000	570,900,000	328,800,000	[2]	325,200,000	[2]	230,000,000	[2]	245,700,000	[2]	0	[2]	0	[2]	558,800,000	[2]	570,900,000	[2]																																																																															0	[2]	0	[2]	120,400,000	[2]	132,500,000	[2]	0	[2]	0	[2]	120,400,000	[2]	132,500,000	[2]	0	[2]	0	[2]	5,100,000	[2]	8,900,000	[2]	0	[2]	0	[2]	5,100,000	[2]	8,900,000	[2]	0	[2]	0	[2]	42,000,000	[2]	39,100,000	[2]	0	[2]	0	[2]	42,000,000	[2]	39,100,000	[2]	0	[2]	0	[2]	3,800,000	[2]	5,600,000	[2]	0	[2]	0	[2]	3,800,000	[2]	5,600,000	[2]	0	[2]	0	[2]	8,000,000	[2]	11,000,000	[2]	0	[2]	0	[2]	8,000,000	[2]	11,000,000	[2]	328,800,000	[2]	325,200,000	[2]	0	[2]	0	[2]	0	[2]	0	[2]	328,800,000	[2]	325,200,000	[2]	0	[2]	0	[2]	50,700,000	[2]	48,600,000	[2]	0	[2]	0	[2]	50,700,000	[2]	48,600,000	[2]					262,900,000	277,400,000	120,400,000	132,500,000	5,100,000	8,900,000	42,000,000	39,100,000	3,800,000	5,600,000	8,000,000	11,000,000	33,200,000	32,000,000	50,400,000	48,300,000	295,900,000	293,500,000
Forward Foreign Exchange Contracts, Asset, Fair Value Disclosure					0	[3]	0	[3]	800,000	[3]	600,000	[3]	0	[3]	0	[3]	800,000	[3]	600,000	[3]
Assets, Fair Value Disclosure					354,200,000		337,500,000		254,100,000		254,500,000		0		0		608,300,000		592,000,000
Forward Foreign Exchange Contracts, Liability, Fair Value Disclosure					0	[4]	0	[4]	800,000	[4]	1,100,000	[4]	0	[4]	0	[4]	800,000	[4]	1,100,000	[4]
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	(5,339,000)	(1,301,000)
Liabilities, Fair Value Disclosure					0		0		800,000		1,100,000		26,100,000		20,800,000		26,900,000		21,900,000
Contingent Consideration at Fair Value					$ 0	[5]	$ 0	[5]	$ 0	[5]	$ 0	[5]	$ 26,100,000	[5]	$ 20,800,000	[5]	$ 26,100,000	[5]	$ 20,800,000	[5]																																																																																																																																																																																															$ 2,700,000	$ 6,100,000	$ 23,400,000	$ 14,700,000

[1] Cash equivalents are included in Cash and cash equivalents in the Condensed Consolidated Balance Sheets.

[2] Available-for-sale investments are included in the following accounts in the Condensed Consolidated Balance Sheets (in millions): June 30, 2014 December 31, 2013Short-term investments$262.9 $277.4Other investments295.9 293.5Total$558.8 $570.9

[3] Forward foreign exchange contracts in an asset position are included in Prepaid expenses, taxes and other current assets in the Condensed Consolidated Balance Sheets.

[4] Forward foreign exchange contracts in a liability position are included in Other current liabilities in the Condensed Consolidated Balance Sheets.

[5] Contingent consideration liability is included in the following accounts in the Condensed Consolidated Balance Sheets (in millions): June 30, 2014 December 31, 2013Other current liabilities$2.7 $6.1Other long-term liabilities23.4 14.7 Total$26.1 $20.8

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3. Fair Value Measurements 3. Contingent Consideration (Details) (USD $)		6 Months Ended						6 Months Ended									6 Months Ended									6 Months Ended
	Apr. 10, 2014 GnuBIO [Member]	Jun. 30, 2014 probability lower [Member] GnuBIO [Member]	Jun. 30, 2014 Discount Rate Lower [Member] GnuBIO [Member]	Jun. 30, 2014 Sales milestone minimum payment [Member] CellSorter [Member]	Jun. 30, 2014 Sales milestone year 1 maximum payment percentage [Member] CellSorter [Member]	Jun. 30, 2014 Sales milestone year 2 maximum payment percentage [Member] CellSorter [Member]	Jun. 30, 2014 Sales milestone year 3 maximum payment percentage [Member] CellSorter [Member]	Jun. 30, 2014 Credit Adjusted Discount Rates Lower [Member] CellSorter [Member]	Jun. 30, 2014 Credit Adjusted Discount Rate Higher [Member] CellSorter [Member]	Jun. 30, 2014 Market Price of Risk [Member] CellSorter [Member]	Jun. 30, 2014 Projected Volatility of Growth Rate [Member] CellSorter [Member]	Jun. 30, 2014 Projected Volatility of Growth Rate Higher [Member] CellSorter [Member]	Jun. 30, 2014 Probability Higher [Member] GnuBIO [Member]	Jun. 30, 2014 Sales Milestone year 1 bookings [Member] CellSorter [Member]	Jun. 30, 2014 Sales milestone year 2 bookings [Member] CellSorter [Member]	Jun. 30, 2014 Sales milestone year 3 bookings [Member] CellSorter [Member]	Jun. 30, 2014 Discount Rate Higher [Member] GnuBIO [Member]	Jun. 30, 2014 probability lower1 [Member] GnuBIO [Member]	Jun. 30, 2014 Probability Higher 1 [Member] GnuBIO [Member]	Jun. 30, 2014 Discount Rate Lower 1 [Member] GnuBIO [Member]	Jun. 30, 2014 Discount Rate Higher 1 [Member] GnuBIO [Member]	Jun. 30, 2014 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member]		Jun. 30, 2014 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member] CellSorter [Member]	Jun. 30, 2014 Fair Value, Measurements, Recurring [Member] Estimate of Fair Value, Fair Value Disclosure [Member] GnuBIO [Member]	Jun. 30, 2014 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 1 [Member]		Jun. 30, 2014 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]		Dec. 31, 2013 Fair Value, Measurements, Recurring [Member] Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Business Acquisition, Contingent Consideration, at Fair Value	$ 10,700,000
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, Low				0
(Decrease) increase in fair value of contingent consideration included in SGA																										(5,400,000)	10,700,000
Contingent Consideration at Fair Value																						26,100,000	[1]	20,800,000	[1]	15,400,000		0	[1]	0	[1]	0	[1]	0	[1]
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High	$ 70,000,000													$ 20,000,000	$ 30,000,000	$ 45,000,000
Business Acquisition, Contingent Consideration, Potential Percentage Payout					60.00%	51.32%	50.38%
Contingent Consideration Level 3 Inputs		0.75	.0067					0.0042	0.0129	.0125	0.08	0.2	.422				.0083	.00001	0	.011	.022

[1] Contingent consideration liability is included in the following accounts in the Condensed Consolidated Balance Sheets (in millions): June 30, 2014 December 31, 2013Other current liabilities$2.7 $6.1Other long-term liabilities23.4 14.7 Total$26.1 $20.8

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2. Acquisitions

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Business Combination Disclosure [Text Block]

2.ACQUISITIONS

GnuBIO, Inc.

In April 2014, we acquired 100% of the issued and outstanding stock of GnuBIO, Inc. (GnuBIO). This acquisition was accounted for as a business combination as GnuBIO represents an integrated set of activities and assets capable of being conducted and managed for the purpose of providing a return and therefore constitutes a business in accordance with GAAP. The amount of acquisition-related costs was minimal as Bio-Rad primarily represented itself during the acquisition process. This business acquisition is included in our Clinical Diagnostics segment's results of operations from the acquisition date. We believe that GnuBIO's innovative DNA workflow is well-suited for the clinical diagnostics sequencing market and will leverage our leadership role in the area of droplet digital PCR.

The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill. The fair values assigned to tangible and identifiable intangible assets acquired and liabilities assumed are based on management’s estimates and assumptions. The deferred tax liability established was primarily a result of the difference in the book basis and tax basis related to the identifiable intangible assets. The estimated fair values of assets acquired and liabilities assumed, specifically deferred taxes, may be subject to change as additional information is received and certain tax returns are finalized. Thus the provisional measurements of fair value set forth below are subject to change. We expect to finalize the allocation once all relevant information is obtained by management, but will not extend beyond one year from the closing date of acquisition.

The preliminary fair values of the net assets acquired from GnuBIO as of the acquisition date were determined to be $46.4 million of indefinite-lived intangible assets (specifically in-process research and development or "IPR&D"), $15.2 million of goodwill and $11.2 million of net tangible liabilities. We do not expect the goodwill recorded to be deductible for income tax purposes.

Accounting guidance requires that the fair value of IPR&D acquired in a business combination be recorded on the balance sheet as of the acquisition date. Intangible assets related to IPR&D projects are considered to be indefinite-lived until completion or abandonment of the related project. During the period the assets are considered indefinite-lived, they will not be amortized but will be tested for impairment on an annual basis and between annual tests if we become aware of any events occurring or changes in circumstances that would indicate a reduction in the fair value of the projects below their respective carrying amounts. We perform our annual impairment tests at December 31. If and when it is determined that identified intangible assets are impaired, an impairment charge would be recorded. If and when development is considered complete, the associated assets would be deemed finite-lived and would then be amortized based on their respective remaining estimated useful lives.

The fair value of the consideration as of the acquisition date was $50.4 million, which includes $39.7 million paid in cash at the closing date and $10.7 million in contingent consideration potentially payable to GnuBIO's shareholders. The contingent consideration was based on a probability-weighted income approach that could reach $70.0 million upon the achievement of all development/regulatory and sales milestones. The contingent consideration for the development/regulatory milestones was valued at $10.7 million, based on assumptions regarding the probability of achieving the milestones, with such amounts discounted to present value. The contingent consideration for the sales milestones was determined to be negligible, using the risk-neutral probability of being in the money based on a Black-Scholes framework. See Note 3 for further discussion of the contingent consideration valuation and underlying assumptions.

AbD Serotec

In January 2013, we acquired 100% of the outstanding shares of AbD Serotec, a division of MorphoSys AG, for total consideration of $62.2 million (net of cash received of $7.3 million). This acquisition was accounted for as a business combination as AbD Serotec represented an integrated set of activities and assets that was capable of being conducted and managed for the purpose of providing a return and therefore constitutes a business in accordance with GAAP. The amount of acquisition-related costs was minimal as Bio-Rad primarily represented itself during the acquisition process. This business acquisition is included in our Life Science segment's results of operations from the acquisition date. We believe that with AbD Serotec's comprehensive catalog of antibodies, we are able to offer our customers total assay solutions that can be validated on many of our research platforms for western blotting, multiplex protein expression, ELISA and cell sorting.

The final fair values of the net assets acquired consist of definite-lived intangible assets of $44.0 million, goodwill of $14.9 million and net tangible assets of $3.3 million. A portion of the goodwill recorded is deductible for income tax purposes.

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3. Foreign Exchange Forward Contracts (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2014
Derivatives, Fair Value [Line Items]
Unrealized gain or loss on contracts maturing in July through September 2014 to sell foreign currency	$ 0.2
Unrealized gain or loss on contracts maturing in July through September 2014 to purchase foreign currency	(0.2)
Forward foreign exchange contract to sell foreign currency [Member]
Derivatives, Fair Value [Line Items]
Notional value	89.4
Forward foreign exchange contract to purchase foreign currency [Member]
Derivatives, Fair Value [Line Items]
Notional value	$ 383.6

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6. Long-Term Debt (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2010
Debt Instrument [Line Items]
Long-term debt	$ 435,800,000	$ 435,800,000
Less current maturities	(200,000)	(200,000)
Long-term Debt, Excluding Current Maturities	435,607,000	435,615,000
Unsecured Debt [Member] | Senior Notes 4.875% [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			4.875%
Long-term debt	423,300,000	423,200,000	422,600,000
Debt Instrument, Interest Rate, Effective Percentage			4.946%
Face amount of debt sold			425,000,000
Capital Lease Obligations [Member] | Debt 6 [Member]
Debt Instrument [Line Items]
Long-term debt	12,500,000	12,600,000
Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity	200,000,000
Outstanding borrowings	0
Line of Credit Facility, Interest Rate at Period End	1.50%
Standby Letters of Credit [Member]
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity	$ 5,000,000

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Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
ASSETS:
Cash and cash equivalents	$ 384,670	$ 331,551
Short-term investments	262,908	277,369
Accounts Receivable, Net	378,891	422,660
Inventories:
Raw materials	112,878	105,708
Work in process	144,753	129,894
Finished goods	263,011	265,689
Total inventories	520,642	501,291
Prepaid expenses, taxes and other current assets	220,383	214,985
Total current assets	1,767,494	1,747,856
Property, plant and equipment, at cost	1,130,388	1,087,315
Less: accumulated depreciation and amortization	(690,062)	(657,960)
Property, plant and equipment, net	440,326	429,355
Goodwill, net	535,223	517,770
Purchased intangibles, net	292,547	266,188
Other investments	382,913	377,870
Other assets	49,248	49,751
Total assets	3,467,751	3,388,790
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable	125,461	148,510
Accrued payroll and employee benefits	134,905	130,658
Short-term interest payable	4,215	6,069
Notes payable and current maturities of long-term debt	1,725	1,786
Income taxes payable	14,509	11,494
Estimated loss contingency	39,800	30,000
Deferred tax liabilities	13,755	9,454
Other current liabilities	145,878	149,501
Total current liabilities	480,248	487,472
Long-term debt, net of current maturities	435,607	435,615
Other long-term liabilities	301,952	278,981
Total liabilities	1,217,807	1,202,068
Stockholders' equity:
Additional paid-in capital	254,341	239,986
Retained earnings	1,644,416	1,606,117
Accumulated other comprehensive income	351,285	340,717
Total stockholders' equity	2,249,944	2,186,722
Total liabilities and stockholders' equity	3,467,751	3,388,790
Common Class A [Member]
Stockholders' equity:
Common stock	2	2
Common Class B [Member]
Stockholders' equity:
Common stock	1	1
Treasury Class A [Member]
Stockholders' equity:
Treasury Stock, Value	(12)	(12)
Treasury Class B [Member]
Stockholders' equity:
Treasury Stock, Value	$ (89)	$ (89)

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11. Segment Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]
Net sales	$ 536,832	$ 525,321	$ 1,046,176	$ 1,024,993
Income before income taxes	48,797	49,044	63,335	73,091
Life Science [Member]
Segment Reporting Information [Line Items]
Net sales	170,300	170,400	331,800	326,600
Income before income taxes	(7,200)	(7,700)	(13,900)	(20,600)
Clinical Diagnostics [Member]
Segment Reporting Information [Line Items]
Net sales	362,900	351,500	707,200	691,400
Income before income taxes	50,100	49,900	82,600	87,600
All Other Segments [Member]
Segment Reporting Information [Line Items]
Net sales	3,600	3,400	7,200	7,000
Income before income taxes	$ 100	$ 100	$ 100	$ 200

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:
Cash received from customers	$ 1,087,487	$ 1,006,345
Cash paid to suppliers and employees	(918,152)	(911,227)
Interest paid	(10,912)	(24,681)
Income tax payments	(17,059)	(42,102)
Investment proceeds and miscellaneous receipts, net	10,283	10,926
Excess tax benefits from share-based compensation	(468)	(499)
(Payments for) proceeds from forward foreign exchange contracts, net	(1,355)	4,992
Net cash provided by operating activities	149,824	43,754
Cash flows from investing activities:
Capital expenditures	(60,892)	(58,598)
Proceeds from dispositions of property, plant and equipment	338	1,088
Payments for acquisitions, net of cash received, and long-term investments	(42,010)	(65,883)
Payments for purchases of intangible assets	(15,382)	(500)
Payments for purchases of marketable securities and investments	(99,073)	(276,835)
Proceeds from sales of marketable securities and investments	44,875	98,588
Proceeds from maturities of marketable securities and investments	70,206	167,574
Net cash used in investing activities	(101,938)	(134,566)
Cash flows from financing activities:
Net payments on line-of-credit arrangements and notes payable	(62)	(18)
Payments on long-term borrowings	(118)	(123)
Payments of contingent consideration	0	(13,074)
Proceeds from issuance of common stock	6,473	6,580
Payments of debt issuance costs for credit agreement	(463)	0
Excess tax benefits from share-based compensation	468	499
Net cash provided by (used in) financing activities	6,298	(6,136)
Effect of foreign exchange rate changes on cash	(1,065)	559
Net increase (decrease) in cash and cash equivalents	53,119	(96,389)
Cash and cash equivalents at beginning of period	331,551	463,388
Cash and cash equivalents at end of period	384,670	366,999
Reconciliation of net income including noncontrolling interests to net cash provided by operating activities:
Net income including noncontrolling interests	38,299	54,774
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities excluding the effects of acquisitions:
Depreciation and amortization	73,007	68,211
Share-based compensation	7,382	6,781
Losses (gains) on dispositions of securities	316	(103)
Excess tax benefits from share-based compensation	(468)	(499)
Changes in fair value of contingent consideration	(5,339)	(1,301)
Decrease (increase) in accounts receivable	46,070	(6,477)
Increase in inventories	(17,209)	(37,093)
Increase in other current assets	(3,360)	(9,056)
Decrease in accounts payable and other current liabilities	(1,004)	(11,261)
Increase (decrease) in income taxes payable	13,548	(26,681)
Net decrease/increase in other long-term assets/liabilities	(1,418)	6,459
Net cash provided by operating activities	$ 149,824	$ 43,754

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3. Fair Value and Gross Unrealized Losses with Unrealized Losses (Details) (USD $) In Millions, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Tolerable variance Level 2 debt security pricing	1.00%
Fair Value of Investments with Gross Unrealized Losses in loss position 12 months or more	$ 13.2	$ 2.3
Gross unrealized losses for investments in a loss position 12 months or more	0.2	0.1
Gross unrealized losses for investments in a loss position less than 12 months	0.1	0.8
Cost Method Investment, Percentage Owned	35.00%
Fair Value of Investments with Gross Unrealized Losses in loss position less than 12 months	$ 31.3	$ 73.9

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6. Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

The principal components of long-term debt are as follows (in millions):

	June 30, 2014			December 31, 2013
4.875% Senior Notes due 2020, net of discount	$	423.3		$	423.2
Capital leases and other debt	12.5			12.6
	435.8			435.8
Less current maturities	(0.2		)	(0.2		)
Long-term debt	$	435.6		$	435.6

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3. Fair Value Financial Instruments (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014		Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Capital Lease Obligations	$ 12.5	[1]	$ 12.6
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other Investments	80.2		77.5
Total long-term debt, excluding capital leases and current maturities	423.3		423.2
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other Investments	390.6		382.9
Total long-term debt, excluding capital leases and current maturities	$ 450.1		$ 433.0

[1] (a) The carrying amount of our capital leases at June 30, 2014 and December 31, 2013 was approximately $12.5 million and $12.6 million respectively. We believe these amounts approximate fair value due to the market rates inherent in the leases.

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8. Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Schedule of weighted-average common shares outstanding used to calculate basic and diluted earnings per shares and the anti-dilutive shares

The weighted average number of common shares outstanding used to calculate basic and diluted earnings per share, and the anti-dilutive shares that are excluded from the diluted earnings per share calculation are as follows (in thousands):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2014	2013	2014	2013
Basic weighted average shares outstanding	28,826	28,538	28,809	28,516
Effect of potentially dilutive stock options and restricted stock awards	266	330	267	327
Diluted weighted average common shares	29,092	28,868	29,076	28,843
Anti-dilutive shares	107	92	94	92

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1. Organization, Consolidation and Presentation of Financial Statements

6 Months Ended

Jun. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure

1.BASIS OF PRESENTATION AND USE OF ESTIMATES

Basis of Presentation

In this report, “Bio-Rad,” “we,” “us,” "the Company" and “our” refer to Bio-Rad Laboratories, Inc. and its subsidiaries.  The accompanying unaudited condensed consolidated financial statements of Bio-Rad have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) and reflect all adjustments which are, in the opinion of management, necessary to fairly state the results of the interim periods presented.  All such adjustments are of a normal recurring nature, with the exception to the adjustments noted below.  Results for the interim period are not necessarily indicative of the results for the entire year.  The condensed consolidated balance sheet at December 31, 2013 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by GAAP for complete financial statements. The condensed consolidated financial statements should be read in conjunction with the notes to the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2013.

We evaluate subsequent events and the evidence they provide about conditions existing at the date of the balance sheet as well as conditions that arose after the balance sheet date but through the date the financial statements are issued.  The effects of conditions that existed at the balance sheet date are recognized in the financial statements. Events and conditions arising after the balance sheet date but before the financial statements are issued are evaluated to determine if disclosure is required to keep the financial statements from being misleading.  To the extent such events and conditions exist, disclosures are made regarding the nature of events and the estimated financial effects for those events and conditions.

Use of Estimates

The preparation of the condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingencies at the date of the financial statements as well as the reported amounts of revenues and expenses during the reporting periods.   Bio-Rad bases its estimates on historical experience and on various other market-specific and other relevant assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results could differ materially from those estimates.

CORRECTION OF IMMATERIAL ERRORS, AND RECLASSIFICATION OF CERTAIN AMOUNTS

Statement of Cash Flows

During the six month-period ended June 30, 2013, we reported payments for contingent consideration as cash outflows from investing activities in error. Amounts paid pertaining to the purchase accounting contingent liability should have been classified as cash outflows from financing activities. Amounts paid in excess of the purchase accounting contingent liability should have been classified as cash outflows from operating activities. We have adjusted the amounts previously reported in our Form 10-Q for the six-month period ended June 30, 2013 in conjunction with the filing of this 10-Q by reducing cash outflows from investing activities by $13.5 million and increasing cash outflows from financing activities and operating activities by $13.1 million and $0.4 million, respectively.

During the six month-period ended June 30, 2013, we reported payments for/proceeds from forward foreign exchange contracts as cash flows from investing activities in error. Cash flows from forward foreign exchange contracts should have been classified as cash flows from operating activities. We have adjusted the amounts previously reported in our Form 10-Q for the six-month period ended June 30, 2013 in conjunction with the filing of this 10-Q by reducing cash inflows from investing activities by $5.0 million and increasing cash inflows from operating activities by $5.0 million.

Research and Development (R&D) Tax Credit

During the third quarter of 2013, we revised the classification of one item for all periods presented from “Provision for income taxes” to “Research and development expense” in our Condensed Consolidated Statements of Income to conform to the current year presentation. The item reclassified pertains to a refundable French R&D tax credit, which after the reclassification reduces Research and development expense. We believe this presentation is appropriate as we are not required to have taxable income in order to earn the credits. As a result of recording this reclassification, there is an additional impact to our income tax provision due to the application of our effective income tax rate throughout the year. This causes the income tax provision impact to not always equal the pre-tax impact on a quarterly basis, but it does equal on an annual basis. The effect of these items for the second quarter of 2013 were as follows: a reduction of $1.4 million to Research and development expense, an increase of $1.5 million to Provision for income taxes, and a decrease of $0.1 million to Net income attributable to Bio-Rad. The effect of these items for the six months ended June 30, 2013 were as follows: a reduction of $3.0 million to Research and development expense, an increase of $2.4 million to Provision for income taxes, and an increase of $0.6 million to Net income attributable to Bio-Rad.

Management evaluated the materiality of all the errors described above from a qualitative and quantitative perspective. Based on such evaluation, we have concluded that while these errors were significant to the quarter ended June 30, 2013, their correction impacted only the June 30, 2013 presentation and did not have an effect on the trend of financial results, taking into account the requirements of the Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements (SAB 108). Accordingly, we are correcting these errors in the second quarter of the 2014 Condensed Consolidated Financial Statements included in this Form 10-Q.

Recent Accounting Standards Updates

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers.” ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605),” and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services. ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period and is to be applied retrospectively, with early application not permitted. We are currently evaluating the impact of the adoption of this accounting standard update on our consolidated financial statements.

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Condensed Consolidated Balance Sheets Parenthetical	Jun. 30, 2014	Dec. 31, 2013
Common Class A [Member]
Common Stock, Shares, Issued	23,775,997	23,680,749
Common Stock, Shares, Outstanding	23,775,875	23,680,627
Common Class B [Member]
Common Stock, Shares, Issued	5,094,306	5,096,780
Common Stock, Shares, Outstanding	5,093,389	5,095,863
Treasury Class A [Member]
Treasury Stock, Shares	122	122
Treasury Class B [Member]
Treasury Stock, Shares	917	917

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11. Segment Information

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Segment Information

11.    SEGMENT INFORMATION

Information regarding industry segments for the three months ended June 30, 2014 and 2013 is as follows (in millions):

		Life Science			Clinical Diagnostics		Other Operations
Segment net sales	2014	$	170.3		$	362.9	$	3.6
	2013	$	170.4		$	351.5	$	3.4
Segment net (loss) profit	2014	$	(7.2	)	$	50.1	$	0.1
	2013	$	(7.7	)	$	49.9	$	0.1

Information regarding industry segments for the six months ended June 30, 2014 and 2013 is as follows (in millions):

		Life Science			Clinical Diagnostics		Other Operations
Segment net sales	2014	$	331.8		$	707.2	$	7.2
	2013	$	326.6		$	691.4	$	7.0
Segment net (loss) profit	2014	$	(13.9	)	$	82.6	$	0.1
	2013	$	(20.6	)	$	87.6	$	0.2

Segment results are presented in the same manner as we present our operations internally to make operating decisions and assess performance.  Net corporate operating, interest and other expense for segment results consists of receipts and expenditures that are not the primary responsibility of segment operating management and therefore are not allocated to the segments for performance assessment by our chief operating decision maker.  The three months ended March 31, 2014 included an additional accrual of $8.0 million in connection with our ongoing efforts to resolve the SEC and DOJ investigations relating to the FCPA (see Note 12). Interest expense is charged to segments based on the carrying amount of inventory and receivables employed by that segment.  The following reconciles total segment profit to consolidated income before taxes (in millions):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Total segment profit	$	43.0		$	42.3		$	68.8		$	67.2
Foreign currency exchange gains (losses), net	0.3			(0.9		)	(2.5		)	(2.4		)
Net corporate operating, interest and other expense not allocated to segments	(2.9		)	(1.0		)	(12.0		)	(1.7		)
Other income (expense), net	8.4			8.6			9.0			10.0
Consolidated income before income taxes	$	48.8		$	49.0		$	63.3		$	73.1

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Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 29, 2014 Common Class A [Member]	Jul. 29, 2014 Common Class B [Member]
Entity Registrant Name	BIO RAD LABORATORIES INC
Entity Central Index Key	0000012208
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		23,776,205	5,093,089
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

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12. Legal Proceedings

6 Months Ended

Jun. 30, 2014

Loss Contingency, Information about Litigation Matters [Abstract]

Legal Proceedings.

12.    LEGAL PROCEEDINGS

Based on an internal investigation, we identified conduct in certain of our overseas operations that may have violated the anti-bribery provisions of the United States Foreign Corrupt Practices Act (FCPA) and is likely to have violated the FCPA's books and records and internal controls provisions and our own internal policies.  In May 2010, we voluntarily disclosed these matters to the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), each of which commenced an investigation.  The Audit Committee of our Board of Directors (Audit Committee) assumed direct responsibility for reviewing these matters and hired experienced independent counsel to conduct an investigation and provide legal advice.  We provided additional information to the DOJ and the SEC as the Audit Committee's investigation progressed. We continue to cooperate with the DOJ and SEC investigations and to provide information to them.

The DOJ and SEC investigations are continuing and we are presently unable to predict the duration, scope or results of these investigations or whether either agency will commence any legal actions.  The DOJ and the SEC have a broad range of civil and criminal sanctions under the FCPA and other laws and regulations including, but not limited to, injunctive relief, disgorgement, fines, penalties, modifications to business practices including the termination or modification of existing business relationships, the imposition of compliance programs and the retention of a monitor to oversee compliance with the FCPA.  While we have been engaged in discussions with the DOJ and SEC concerning a resolution of these matters, we are unable to estimate a range of reasonably possible outcomes of this matter that differs from our aggregate accrual for the Estimated loss contingency recorded as of June 30, 2014 of $43.0 million, including $3.2 million of accrued interest. The amount that was accrued during the first quarter of 2014 for the Estimated loss contingency was $8.0 million, of which $9.8 million was expensed to Selling, general and administrative expense and $1.8 million reduced Interest expense. The imposition of any of these sanctions or remedial measures could have a material adverse effect on our business or financial condition. We have not to date determined whether any of the activities in question violated the laws of the foreign jurisdictions in which they took place.

On April 13, 2011, a shareholder derivative lawsuit was filed against each of our directors in the Superior Court for Contra Costa County, California.  The case, which also names the Company as a nominal defendant, is captioned City of Riviera Beach General Employees' Retirement System v. David Schwartz, et al., Case No. MSC11-00854. In the complaint, the plaintiff alleges that our directors breached their fiduciary duties by failing to ensure that we had sufficient internal controls and systems for compliance with the FCPA.  Purportedly seeking relief on our behalf, the plaintiff seeks an award of unspecified compensatory and punitive damages, costs and expenses (including attorneys' fees), and a declaration that our directors have breached their fiduciary duties. We and the individual defendants filed a demurrer requesting dismissal of the complaint in this case, as well as a motion to stay this matter pending resolution of the above-referenced investigations by the DOJ and SEC. Following a hearing on September 30, 2011, the court sustained our demurrer and dismissed the complaint, without prejudice, and granted the plaintiff additional time to file an amended complaint.   The court denied our motion to stay this matter because it dismissed the complaint. The parties have agreed to a stipulated dismissal of this case, without prejudice, and to a tolling of the statute of limitations pending the resolution of the DOJ and SEC investigations.

The General Inspection Team of the Shanghai Administration for Industry and Commerce (the “Shanghai AIC”), which is the local counterpart of China’s State Administration for Industry and Commerce, has commenced an investigation of our business practices in China. Specifically, the Shanghai AIC is investigating whether certain of our selling arrangements may have violated China’s Anti Unfair Competition Law and other relevant laws and regulations. In addition, China’s Bureau of Market Supervision and Administration, through its local counterpart in Pudong New District, Shanghai (“Bureau”) has begun a review of our importation practices with respect to certain of our products. At this time, we cannot predict whether the review will culminate into a formal investigation. We are cooperating with both administrative authorities in China. These authorities have the power to impose fines, penalties, seek disgorgement of profits and cause us to modify our business practices in China. However, neither the investigation or review has concluded and therefore, we are not in a position to assess whether they will affect our business or operating results in China.

In addition, we are party to various other claims, legal actions and complaints arising in the ordinary course of business.  We do not believe, at this time, that any ultimate liability resulting from any of these other matters will have a material adverse effect on our results of operations, financial position or liquidity.  However, we cannot give any assurance regarding the ultimate outcome of these other matters and their resolution could be material to our operating results for any particular period, depending on the level of income for the period.

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Condensed Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net sales	$ 536,832	$ 525,321	$ 1,046,176	$ 1,024,993
Cost of goods sold	239,590	225,220	473,645	453,480
Gross profit	297,242	300,101	572,531	571,513
Selling, general and administrative expense	195,838	195,331	398,113	381,248
Research and Development Expense	55,717	51,841	108,260	102,184
Segment profit (loss)	45,687	52,929	66,158	88,081
Interest expense	5,564	11,664	9,421	22,641
Foreign exchange losses, net	(286)	865	2,451	2,393
Other (income) expense, net	(8,388)	(8,644)	(9,049)	(10,044)
Income before income taxes	48,797	49,044	63,335	73,091
Provision for income taxes	(17,166)	(14,442)	(25,036)	(18,317)
Net income including noncontrolling interests	31,631	34,602	38,299	54,774
Net loss (income) attributable to noncontrolling interests	0	0	0	(21)
Net income attributable to Bio-Rad	$ 31,631	$ 34,602	$ 38,299	$ 54,753
Basic earnings per share:
Net income per share basic attributable to Bio-Rad	$ 1.10	$ 1.21	$ 1.33	$ 1.92
Weighted average common shares - basic	28,826	28,538	28,809	28,516
Diluted earnings per share:
Net income per share diluted attributable to Bio-Rad	$ 1.09	$ 1.20	$ 1.32	$ 1.90
Weighted average common shares - diluted	29,092	28,868	29,076	28,843

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6. Long-Term Debt

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Long-term Debt

6.    LONG-TERM DEBT

The principal components of long-term debt are as follows (in millions):

	June 30, 2014			December 31, 2013
4.875% Senior Notes due 2020, net of discount	$	423.3		$	423.2
Capital leases and other debt	12.5			12.6
	435.8			435.8
Less current maturities	(0.2		)	(0.2		)
Long-term debt	$	435.6		$	435.6

Senior Notes due 2020

In December 2010, Bio-Rad sold $425.0 million principal amount of Senior Notes due 2020 (4.875% Notes).  The sale yielded net cash proceeds of $422.6 million at an effective rate of 4.946%.  The 4.875% Notes pay a fixed rate of interest of 4.875% per year.  We have the option to redeem any or all of the 4.875% Notes at any time at a redemption price of 100% of the principal amount (plus a specified make-whole premium as defined in the indenture governing the 4.875% Notes) and accrued and unpaid interest thereon to the redemption date.  Our obligations under the 4.875% Notes are not secured and rank equal in right of payment with all of our existing and future unsubordinated indebtedness.  Certain covenants apply at each year end to the 4.875% Notes including limitations on the following: liens, sale and leaseback transactions, mergers, consolidations or sales of assets and other covenants. There are no restrictive covenants relating to total indebtedness, interest coverage, stock repurchases, recapitalizations, dividends and distributions to shareholders or current ratios.

Credit Agreement

In June 2014, Bio-Rad entered into a $200.0 million unsecured Credit Agreement, replacing the Amended and Restated Credit Agreement of June 2010, which expired on June 21, 2014. Borrowings under the Credit Agreement are on a revolving basis and can be used to make permitted acquisitions, for working capital and for other general corporate purposes. We had no outstanding borrowings under the Credit Agreement as of June 30, 2014, however $5.0 million was utilized for domestic standby letters of credit that reduced our borrowing availability. The Credit Agreement matures in June 2019. If we had borrowed against our Credit Agreement, the borrowing rate would have been 1.5% at June 30, 2014 .

The Credit Agreement requires Bio-Rad to comply with certain financial ratios and covenants, among other things. These ratios and covenants include a leverage ratio test and an interest coverage test, as well as restrictions on our ability to declare or pay dividends, incur debt, guarantee debt, enter into transactions with affiliates, merge or consolidate, sell assets, make investments and create liens.  We were in compliance with all of these ratios and covenants as of June 30, 2014.

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5. Product Warranty Liability

6 Months Ended

Jun. 30, 2014

Product Warranties Disclosures [Abstract]

Product Warranty Liability

5.PRODUCT WARRANTY LIABILITY

We warrant certain equipment against defects in design, materials and workmanship, generally for a period of one year.  Upon delivery of that equipment, we establish, as part of Cost of goods sold, a provision for the expected costs of such warranty based on historical experience, specific warranty terms and customer feedback.  A review is performed on a quarterly basis to assess the adequacy of our warranty accrual.

Components of the warranty accrual, included in Other current liabilities and Other long-term liabilities in the Condensed Consolidated Balance Sheets, were as follows (in millions):

January 1, 2014	$	15.6
Provision for warranty	10.4
Actual warranty costs	(10.4		)
June 30, 2014	$	15.6

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7. Accumulated Other Comprehensive Income 7. Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Foreign currency translation adjustments		Foreign Other post-employment benefits adjustments			Net unrealized holding gains on available-for-sale investments			Bio-Rad Accumulated other comprehensive income			Non-controlling interests		Total Accumulated other comprehensive income
Balances as of January 1, 2014:	$	189.4	$	(8.1	)	$	159.4		$	340.7		$	—	$	340.7
Other comprehensive income, before reclassifications	7.6		—			4.3			11.9			—		11.9
Amounts reclassified from Accumulated other comprehensive income	—		0.2			—			0.2			—		0.2
Income tax effects	—		—			(1.5		)	(1.5		)	—		(1.5		)
Other comprehensive income, net of income taxes	7.6		0.2			2.8			10.6			—		10.6
Balances as of June 30, 2014:	$	197.0	$	(7.9	)	$	162.2		$	351.3		$	—	$	351.3

	Foreign currency translation adjustments			Foreign Other post-employment benefits adjustments			Net unrealized holding gains on available-for-sale investments			Bio-Rad Accumulated other comprehensive income			Non-controlling interests			Total Accumulated other comprehensive income
Balances as of January 1, 2013:	$	172.9		$	(8.1	)	$	109.7		$	274.5		$	(0.2	)	$	274.3
Other comprehensive (loss) income, before reclassifications	(35.6		)	0.1			45.1			9.6			—			9.6
Amounts reclassified from Accumulated other comprehensive income	(0.2		)	0.2			(0.2		)	(0.2		)	0.2			—
Income tax effects	—			—			(16.6		)	(16.6		)	—			(16.6		)
Other comprehensive (loss) income, net of income taxes	(35.8		)	0.3			28.3			(7.2		)	0.2			(7.0		)
Balances as of June 30, 2013:	$	137.1		$	(7.8	)	$	138.0		$	267.3		$	—		$	267.3

Reclassification Out of Accumulated Other Comprehensive Income [Table Text Block]

The amounts reclassified out of Accumulated other comprehensive income into the Condensed Consolidated Statements of Income, with presentation location, were as follows:

	Income before taxes impact (in millions)
		Three Months Ended						Six Months Ended
		June 30,						June 30,
Components of Comprehensive income		2014			2013			2014			2013			Location
Amortization of foreign other post-employment benefit items		$	(0.1	)	$	(0.1	)	$	(0.2	)	$	(0.2	)	Selling, general and administrative expense
Net holding (losses) gains on available-for-sale investments		$	—		$	—		$	—		$	0.2		Other (income) expense, net

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3. Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities carried at fair value on a recurring basis

Financial assets and liabilities carried at fair value and measured on a recurring basis as of June 30, 2014 are classified in the hierarchy as follows (in millions):

	Level 1		Level 2		Level 3		Total
Financial Assets Carried at Fair Value:
Cash equivalents:
Commercial paper	$	—	$	22.3	$	—	$	22.3
U.S. government sponsored agencies	—		1.0		—		1.0
Foreign time deposits	21.3		—		—		21.3
Money market funds	4.1		—		—		4.1
Total cash equivalents (a)	25.4		23.3		—		48.7
Available-for-sale investments:
Corporate debt securities	—		120.4		—		120.4
Foreign brokered certificates of deposit	—		5.1		—		5.1
U.S. government sponsored agencies	—		42.0		—		42.0
Foreign government obligations	—		3.8		—		3.8
Municipal obligations	—		8.0		—		8.0
Marketable equity securities	328.8		—		—		328.8
Asset-backed securities	—		50.7		—		50.7
Total available-for-sale investments (b)	328.8		230.0		—		558.8
Forward foreign exchange contracts (c)	—		0.8		—		0.8
Total financial assets carried at fair value	$	354.2	$	254.1	$	—	$	608.3
Financial Liabilities Carried at Fair Value:
Forward foreign exchange contracts (d)	$	—	$	0.8	$	—	$	0.8
Contingent consideration (e)	—		—		26.1		26.1
Total financial liabilities carried at fair value	$	—	$	0.8	$	26.1	$	26.9

Financial assets and liabilities carried at fair value and measured on a recurring basis as of December 31, 2013 are classified in the hierarchy as follows (in millions):

	Level 1		Level 2		Level 3		Total
Financial Assets Carried at Fair Value:
Cash equivalents:
Commercial paper	$	—	$	7.0	$	—	$	7.0
Foreign time deposits	11.1		—		—		11.1
U.S. government sponsored agencies	—		1.2		—		1.2
Money market funds	1.2		—		—		1.2
Total cash equivalents (a)	12.3		8.2		—		20.5
Available-for-sale investments:
Corporate debt securities	—		132.5		—		132.5
Foreign brokered certificates of deposit	—		8.9		—		8.9
U.S. government sponsored agencies	—		39.1		—		39.1
Foreign government obligations	—		5.6		—		5.6
Municipal obligations	—		11.0		—		11.0
Marketable equity securities	325.2		—		—		325.2
Asset-backed securities	—		48.6		—		48.6
Total available-for-sale investments (b)	325.2		245.7		—		570.9
Forward foreign exchange contracts (c)	—		0.6		—		0.6
Total financial assets carried at fair value	$	337.5	$	254.5	$	—	$	592.0
Financial Liabilities Carried at Fair Value:
Forward foreign exchange contracts (d)	$	—	$	1.1	$	—	$	1.1
Contingent consideration (e)	—		—		20.8		20.8
Total financial liabilities carried at fair value	$	—	$	1.1	$	20.8	$	21.9

(a) Cash equivalents are included in Cash and cash equivalents in the Condensed Consolidated Balance Sheets.

(b) Available-for-sale investments are included in the following accounts in the Condensed Consolidated Balance Sheets (in millions):

	June 30, 2014		December 31, 2013
Short-term investments	$	262.9	$	277.4
Other investments	295.9		293.5
Total	$	558.8	$	570.9

(c) Forward foreign exchange contracts in an asset position are included in Prepaid expenses, taxes and other current assets in the Condensed Consolidated Balance Sheets.

(d) Forward foreign exchange contracts in a liability position are included in Other current liabilities in the Condensed Consolidated Balance Sheets.

(e) Contingent consideration liability is included in the following accounts in the Condensed Consolidated Balance Sheets (in millions):

	June 30, 2014		December 31, 2013
Other current liabilities	$	2.7	$	6.1
Other long-term liabilities	23.4		14.7
Total	$	26.1	$	20.8

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

The following table provides a reconciliation of the Level 3 contingent consideration liability measured at estimated fair value based on original valuations and updated quarterly for the six months ended June 30, 2014 (in millions):

	2014
January 1	$	20.8
Decrease in estimated fair value of contingent consideration included in Selling, general and administrative expense - Cell sorting system	(5.4		)
Acquisition of GnuBIO	10.7
June 30	$	26.1

Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block]

The following table provides quantitative information about Level 3 inputs for fair value measurement of our contingent consideration liability as of June 30, 2014. Significant increases or decreases in these inputs in isolation could result in a significantly lower or higher fair value measurement.

			Range
	Valuation Technique	Unobservable Input	From	To
Cell sorting system	Probability-weighted income approach	Sales milestones:
		Credit adjusted discount rates	0.42%	1.29%
		Projected volatility of growth rate	8%	20%
		Market price of risk	1.25%	N/A
GnuBIO	Probability-weighted income approach	Development/regulatory milestones:
		Cumulative milestones probability	75.0%	42.2%
		Discount Rate	0.67%	0.83%
		Sales milestones:
		Cumulative milestones probability	0.001%	0.0%
		Discount Rate	1.1%	2.2%

Schedule of available-for-sale investments

Available-for-sale investments consist of the following (in millions):

	June 30, 2014
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
Short-term investments:
Corporate debt securities	$	120.0	$	0.5	$	(0.1	)	$	120.4
Foreign brokered certificates of deposit	5.1		—		—			5.1
Municipal obligations	8.1		—		(0.1		)	8.0
Asset-backed securities	50.4		0.1		(0.1		)	50.4
U.S. government sponsored agencies	41.9		0.1		—			42.0
Foreign government obligations	3.8		—		—			3.8
Marketable equity securities	26.6		6.6		—			33.2
	255.9		7.3		(0.3		)	262.9
Long-term investments:
Marketable equity securities	54.5		241.1		—			295.6
Asset-backed securities	0.3		—		—			0.3
	54.8		241.1		—			295.9
Total	$	310.7	$	248.4	$	(0.3	)	$	558.8

	December 31, 2013
	Amortized Cost		Unrealized Gains		Unrealized Losses			Estimated Fair Value
Short-term investments:
Corporate debt securities	$	132.6	$	0.3	$	(0.4	)	$	132.5
Foreign brokered certificates of deposit	8.9		—		—			8.9
Municipal obligations	11.1		—		(0.1		)	11.0
Asset-backed securities	48.4		0.1		(0.2		)	48.3
U.S. government sponsored agencies	39.1		0.1		(0.1		)	39.1
Foreign government obligations	5.6		—		—			5.6
Marketable equity securities	26.6		5.4		—			32.0
	272.3		5.9		(0.8		)	277.4
Long-term investments:
Marketable equity securities	54.5		238.7		—			293.2
Asset-backed securities	0.4		—		(0.1		)	0.3
	54.9		238.7		(0.1		)	293.5
Total	$	327.2	$	244.6	$	(0.9	)	$	570.9

Summary of fair value of gross unrealized losses for investments with unrealized losses

The following is a summary of investments with gross unrealized losses and the associated fair value (in millions):

	June 30, 2014		December 31, 2013
Fair value of investments in a loss position 12 months or more	$	13.2	$	2.3
Fair value of investments in a loss position less than 12 months	$	31.3	$	73.9
Gross unrealized losses for investments in a loss position 12 months or more	$	0.2	$	0.1
Gross unrealized losses for investments in a loss position less than 12 months	$	0.1	$	0.8

Discussion of current derivative risk management

The following is a summary of our forward foreign exchange contracts (in millions):

	June 30,
	2014
Contracts maturing in July through September 2014 to sell foreign currency:
Notional value	$	89.4
Unrealized gain	$	0.2
Contracts maturing in July through September 2014 to purchase foreign currency:
Notional value	$	383.6
Unrealized loss	$	(0.2	)

Summary of amortized cost and estimated fair value of debt securities by contractual maturity date

The following is a summary of the amortized cost and estimated fair value of our debt securities at June 30, 2014 by contractual maturity date (in millions):

	Amortized Cost		Estimated Fair Value
Mature in less than one year	$	71.4	$	71.5
Mature in one to five years	118.0		118.3
Mature in more than five years	40.2		40.2
Total	$	229.6	$	230.0

Estimated fair value of financial instruments

The estimated fair value of the financial instruments discussed above and the level of the fair value hierarchy within which the fair value measurement is categorized are as follows (in millions):

	June 30, 2014					December 31, 2013
	Carrying  Amount		Estimated  Fair  Value		Fair Value Hierarchy Level	Carrying  Amount		Estimated  Fair  Value		Fair Value Hierarchy Level
Other investments	$	80.2	$	390.6	2	$	77.5	$	382.9	2
Total long-term debt, excluding leases and current maturities (a)	$	423.3	$	450.1	2	$	423.2	$	433.0	2

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9. Other Income and Expenses

6 Months Ended

Jun. 30, 2014

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure

9.    OTHER INCOME AND EXPENSE, NET

Other (income) expense, net includes the following components (in millions):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Interest and investment income	$	(8.5	)	$	(7.8	)	$	(9.2	)	$	(9.1	)
Net realized gains on investments	—			—			—			(0.2		)
Miscellaneous other expense (income) items, net	0.1			(0.8		)	0.2			(0.7		)
Other (income) expense, net	$	(8.4	)	$	(8.6	)	$	(9.0	)	$	(10.0	)

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7. Accumulated Other Comprehensive Income 7. Accumulated Other Comprehensive Income (Notes)

6 Months Ended

Jun. 30, 2014

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

accumulated other comprehensive income [Text Block]

7.    ACCUMULATED OTHER COMPREHENSIVE INCOME

Accumulated other comprehensive income included in our Condensed Consolidated Balance Sheets consists of the following components (in millions):

	Foreign currency translation adjustments		Foreign Other post-employment benefits adjustments			Net unrealized holding gains on available-for-sale investments			Bio-Rad Accumulated other comprehensive income			Non-controlling interests		Total Accumulated other comprehensive income
Balances as of January 1, 2014:	$	189.4	$	(8.1	)	$	159.4		$	340.7		$	—	$	340.7
Other comprehensive income, before reclassifications	7.6		—			4.3			11.9			—		11.9
Amounts reclassified from Accumulated other comprehensive income	—		0.2			—			0.2			—		0.2
Income tax effects	—		—			(1.5		)	(1.5		)	—		(1.5		)
Other comprehensive income, net of income taxes	7.6		0.2			2.8			10.6			—		10.6
Balances as of June 30, 2014:	$	197.0	$	(7.9	)	$	162.2		$	351.3		$	—	$	351.3

	Foreign currency translation adjustments			Foreign Other post-employment benefits adjustments			Net unrealized holding gains on available-for-sale investments			Bio-Rad Accumulated other comprehensive income			Non-controlling interests			Total Accumulated other comprehensive income
Balances as of January 1, 2013:	$	172.9		$	(8.1	)	$	109.7		$	274.5		$	(0.2	)	$	274.3
Other comprehensive (loss) income, before reclassifications	(35.6		)	0.1			45.1			9.6			—			9.6
Amounts reclassified from Accumulated other comprehensive income	(0.2		)	0.2			(0.2		)	(0.2		)	0.2			—
Income tax effects	—			—			(16.6		)	(16.6		)	—			(16.6		)
Other comprehensive (loss) income, net of income taxes	(35.8		)	0.3			28.3			(7.2		)	0.2			(7.0		)
Balances as of June 30, 2013:	$	137.1		$	(7.8	)	$	138.0		$	267.3		$	—		$	267.3

The amounts reclassified out of Accumulated other comprehensive income into the Condensed Consolidated Statements of Income, with presentation location, were as follows:

	Income before taxes impact (in millions)
		Three Months Ended						Six Months Ended
		June 30,						June 30,
Components of Comprehensive income		2014			2013			2014			2013			Location
Amortization of foreign other post-employment benefit items		$	(0.1	)	$	(0.1	)	$	(0.2	)	$	(0.2	)	Selling, general and administrative expense
Net holding (losses) gains on available-for-sale investments		$	—		$	—		$	—		$	0.2		Other (income) expense, net

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8. Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

8.    EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income attributable to Bio-Rad by the weighted average number of common shares outstanding for that period.  Diluted earnings per share takes into account the effect of dilutive instruments, such as stock options and restricted stock, and uses the average share price for the period in determining the number of potential common shares that are to be added to the weighted average number of shares outstanding.  Potential common shares are excluded from the diluted earnings per share calculation if the effect of including such securities would be anti-dilutive.

The weighted average number of common shares outstanding used to calculate basic and diluted earnings per share, and the anti-dilutive shares that are excluded from the diluted earnings per share calculation are as follows (in thousands):

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2014	2013	2014	2013
Basic weighted average shares outstanding	28,826	28,538	28,809	28,516
Effect of potentially dilutive stock options and restricted stock awards	266	330	267	327
Diluted weighted average common shares	29,092	28,868	29,076	28,843
Anti-dilutive shares	107	92	94	92

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10. Income Taxes

6 Months Ended

Jun. 30, 2014

Income Tax Disclosure [Abstract]

Income Taxes

10.    INCOME TAXES

Our effective income tax rate was 35% and 29% for the three months ended June 30, 2014 and 2013, respectively. Our effective income tax rate was 40% and 25% for the first half of 2014 and 2013, respectively. The effective tax rate for the second quarter of 2014 was higher due to an increase in tax liabilities, losses incurred in foreign jurisdictions for which no income tax benefit is expected, and due to adjustments principally related to filings of foreign tax returns. The effective income tax rate for the first half of 2014 does not include a benefit of the U.S. federal research credit as it has not been extended beyond 2013. In addition, the effective tax rate for the first half of 2014 includes adjustments principally related to state taxes. The effective tax rate for the first half of 2013 reflected a significant tax benefit related to the 2012 U.S. federal research credit, which was retroactively reinstated on January 2, 2013.

Our foreign taxes for all periods resulted primarily from taxable income earned in France and Switzerland. Switzerland's statutory tax rate is significantly lower than the U.S. statutory tax rate of 35%. Also, our effective tax rates for all periods are generally reduced by French tax incentives related to our research and development activities.

We file federal, state and foreign income tax returns in many jurisdictions in the United States and abroad. Our income tax returns are audited by federal, state and foreign tax authorities. We are currently under examination by the Internal Revenue Service (IRS) for the 2009 and 2010 tax years and by various state and foreign jurisdictions. There are differing interpretations of tax laws and regulations, and as a result, significant disputes may arise with these tax authorities involving issues of the timing and amount of deductions and allocations of income among various tax jurisdictions. We evaluate our exposures associated with our tax filing positions on a quarterly basis.

We record liabilities for unrecognized tax benefits related to uncertain tax positions. We do not believe any currently pending uncertain tax positions will have a material adverse effect on our condensed consolidated financial statements, although an adverse resolution of one or more of these uncertain tax positions in any period may have a material impact on the results of operations for that period.

As of June 30, 2014, based on the expected outcome of certain examinations or as a result of the expiration of statute of limitations for certain jurisdictions, we believe that within the next 12 months it is reasonably possible that our previously unrecognized tax benefits could decrease by approximately $1.4 million. Substantially all such amounts will impact our effective income tax rate.

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3. Amortized Cost and Fair Value of Debt Securities (Details) (USD $) In Millions, unless otherwise specified	Jun. 30, 2014
Fair Value Disclosures [Abstract]
Mature in less than one year	$ 71.4
Mature in one to five years	118.0
Mature in more than five years	40.2
Total Amortized Cost	229.6
Mature in less than one year	71.5
Mature in one to five years	118.3
Mature in more than five years	40.2
Estimated Fair Value	$ 230.0

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5. Product Warranty Liability (Tables)

6 Months Ended

Jun. 30, 2014

Product Warranties Disclosures [Abstract]

Components of warranty accrual

Components of the warranty accrual, included in Other current liabilities and Other long-term liabilities in the Condensed Consolidated Balance Sheets, were as follows (in millions):

January 1, 2014	$	15.6
Provision for warranty	10.4
Actual warranty costs	(10.4		)
June 30, 2014	$	15.6

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11. Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Information regarding industry segments

Information regarding industry segments for the three months ended June 30, 2014 and 2013 is as follows (in millions):

		Life Science			Clinical Diagnostics		Other Operations
Segment net sales	2014	$	170.3		$	362.9	$	3.6
	2013	$	170.4		$	351.5	$	3.4
Segment net (loss) profit	2014	$	(7.2	)	$	50.1	$	0.1
	2013	$	(7.7	)	$	49.9	$	0.1

Reconciliation of segment profit to consolidated income before taxes

The following reconciles total segment profit to consolidated income before taxes (in millions):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Total segment profit	$	43.0		$	42.3		$	68.8		$	67.2
Foreign currency exchange gains (losses), net	0.3			(0.9		)	(2.5		)	(2.4		)
Net corporate operating, interest and other expense not allocated to segments	(2.9		)	(1.0		)	(12.0		)	(1.7		)
Other income (expense), net	8.4			8.6			9.0			10.0
Consolidated income before income taxes	$	48.8		$	49.0		$	63.3		$	73.1

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7. Accumulated Other Comprehensive Income 7. Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended		6 Months Ended			6 Months Ended				6 Months Ended				3 Months Ended		6 Months Ended						3 Months Ended		6 Months Ended						6 Months Ended				6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014 Accumulated Translation Adjustment [Member]	Jun. 30, 2013 Accumulated Translation Adjustment [Member]	Dec. 31, 2013 Accumulated Translation Adjustment [Member]	Dec. 31, 2012 Accumulated Translation Adjustment [Member]	Jun. 30, 2014 Accumulated Defined Benefit Plans Adjustment [Member]	Jun. 30, 2013 Accumulated Defined Benefit Plans Adjustment [Member]	Dec. 31, 2013 Accumulated Defined Benefit Plans Adjustment [Member]	Dec. 31, 2012 Accumulated Defined Benefit Plans Adjustment [Member]	Jun. 30, 2014 Accumulated Defined Benefit Plans Adjustment [Member] Reclassification Out Of Accumulated Other Comprehensive Income [Member]	Jun. 30, 2013 Accumulated Defined Benefit Plans Adjustment [Member] Reclassification Out Of Accumulated Other Comprehensive Income [Member]	Jun. 30, 2014 Accumulated Defined Benefit Plans Adjustment [Member] Reclassification Out Of Accumulated Other Comprehensive Income [Member]	Jun. 30, 2013 Accumulated Defined Benefit Plans Adjustment [Member] Reclassification Out Of Accumulated Other Comprehensive Income [Member]	Jun. 30, 2014 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Jun. 30, 2013 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Dec. 31, 2013 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Dec. 31, 2012 Accumulated Net Unrealized Investment Gain (Loss) [Member]	Jun. 30, 2014 Accumulated Net Unrealized Investment Gain (Loss) [Member] Reclassification Out Of Accumulated Other Comprehensive Income [Member]	Jun. 30, 2013 Accumulated Net Unrealized Investment Gain (Loss) [Member] Reclassification Out Of Accumulated Other Comprehensive Income [Member]	Jun. 30, 2014 Accumulated Net Unrealized Investment Gain (Loss) [Member] Reclassification Out Of Accumulated Other Comprehensive Income [Member]	Jun. 30, 2013 Accumulated Net Unrealized Investment Gain (Loss) [Member] Reclassification Out Of Accumulated Other Comprehensive Income [Member]	Jun. 30, 2014 Parent [Member]	Jun. 30, 2013 Parent [Member]	Dec. 31, 2013 Parent [Member]	Dec. 31, 2012 Parent [Member]	Jun. 30, 2014 Noncontrolling Interest [Member]	Jun. 30, 2013 Noncontrolling Interest [Member]	Dec. 31, 2013 Noncontrolling Interest [Member]	Dec. 31, 2012 Noncontrolling Interest [Member]	Jun. 30, 2014 Accumulated Other Comprehensive Income (Loss) [Member]	Jun. 30, 2013 Accumulated Other Comprehensive Income (Loss) [Member]	Dec. 31, 2013 Accumulated Other Comprehensive Income (Loss) [Member]	Dec. 31, 2012 Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Selling, general and administrative expense	$ (195,838,000)	$ (195,331,000)	$ (398,113,000)	$ (381,248,000)										$ (100,000)	$ (100,000)	$ (200,000)	$ (200,000)
Other (income) expense, net	(8,388,000)	(8,644,000)	(9,049,000)	(10,044,000)																		0	0	0	(200,000)
Accumulated other comprehensive income	351,285,000		351,285,000		340,717,000	197,000,000	137,100,000	189,400,000	172,900,000	(7,900,000)	(7,800,000)	(8,100,000)	(8,100,000)					162,200,000	138,000,000	159,400,000	109,700,000					351,300,000	267,300,000	340,700,000	274,500,000	0	0	0	(200,000)	351,300,000	267,300,000	340,700,000	274,300,000
Other Comprehensive Income (Loss), before Reclassifications, before Tax						7,600,000	(35,600,000)			0	100,000							4,300,000	45,100,000							11,900,000	9,600,000			0	0			11,900,000	9,600,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax						0	(200,000)			200,000	200,000							0	(200,000)							200,000	(200,000)			0	200,000			200,000	0
Other Comprehensive Income (Loss), Tax						0	0			0	0							(1,500,000)	(16,600,000)							(1,500,000)	(16,600,000)			0	0			(1,500,000)	(16,600,000)
Total other comprehensive income (loss) net of tax	$ (21,313,000)	$ (2,043,000)	$ 10,568,000	$ (6,974,000)		$ 7,600,000	$ (35,800,000)			$ 200,000	$ 300,000							$ 2,800,000	$ 28,300,000							$ 10,600,000	$ (7,200,000)			$ 0	$ 200,000			$ 10,600,000	$ (7,000,000)

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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net income including noncontrolling interests	$ 31,631	$ 34,602	$ 38,299	$ 54,774
Foreign currency translation adjustments	2,107	(1,198)	7,634	(35,590)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax, Portion Attributable to Parent	118	(18)	179	291
Net unrealized holding gains (losses) on available-for-sale investments net of tax expense	(23,538)	(827)	2,755	28,325
Total other comprehensive income (loss) net of tax	(21,313)	(2,043)	10,568	(6,974)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	10,318	32,559	48,867	47,800
Comprehensive loss attributable to noncontrolling interests	0	0	0	(185)
Comprehensive income (loss) attributable to Bio-Rad net of tax	$ 10,318	$ 32,559	$ 48,867	$ 47,615

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4. Intangible Assets, Goodwill and Other

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

4.GOODWILL AND OTHER PURCHASED INTANGIBLE ASSETS

Changes to goodwill by segment were as follows (in millions):

	Life Science			Clinical Diagnostics			Total
Balances as of January 1, 2014:
Goodwill	$	209.0		$	337.0		$	546.0
Accumulated impairment losses	(27.2		)	(1.0		)	(28.2		)
Goodwill, net	181.8			336.0			517.8
Acquisitions	—			15.2			15.2
Currency fluctuations	—			2.2			2.2
Balances as of June 30, 2014:
Goodwill	209.0			354.4			563.4
Accumulated impairment losses	(27.2		)	(1.0		)	(28.2		)
Goodwill, net	$	181.8		$	353.4		$	535.2

In conjunction with the acquisition of GnuBIO (see Note 2), we have preliminarily recorded $15.2 million of goodwill and $46.4 million of in-process research and development, an indefinite-lived intangible asset. These amounts may change upon completion of the allocation.

Information regarding our identifiable purchased intangible assets with definite and indefinite lives is as follows (in millions):

	June 30, 2014
	Average Remaining Life (years)	Purchase Price		Accumulated Amortization			Net Carrying Amount
Customer relationships/lists	3-11	$	100.8	$	(45.2	)	$	55.6
Know how	1-11	195.3		(100.4		)	94.9
Developed product technology	1-13	110.7		(41.8		)	68.9
Licenses	1-12	45.0		(24.2		)	20.8
Tradenames	1-10	4.4		(2.4		)	2.0
Covenants not to compete	5-8	4.9		(1.0		)	3.9
Other	—	0.6		(0.6		)	—
Total definite-lived intangible assets		461.7		(215.6		)	$	246.1
In-process research and development		46.4		—			$	46.4
Total purchased intangible assets		$	508.1	$	(215.6	)	$	292.5

	December 31, 2013
	Average Remaining Life (years)	Purchase Price		Accumulated Amortization			Net Carrying Amount
Customer relationships/lists	1-11	$	99.8	$	(41.1	)	$	58.7
Know how	2-12	194.6		(89.3		)	105.3
Developed product technology	1-13	109.5		(36.2		)	73.3
Licenses	1-12	44.9		(22.4		)	22.5
Tradenames	1-9	4.3		(2.1		)	2.2
Covenants not to compete	5-9	4.9		(0.7		)	4.2
Other	—	0.6		(0.6		)	—
Total purchased intangible assets		$	458.6	$	(192.4	)	$	266.2

Amortization expense related to purchased intangible assets is as follows (in millions):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Amortization expense	$	11.0	$	11.1	$	21.9	$	22.2

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1. Basis of Presentation and Use of Estimates Immaterial Errors (Details) (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Payments for Acquisitions, Net of Cash Received, and Long-Term Investments	$ 42,010,000	$ 65,883,000
Payments of contingent consideration	0	13,074,000
Payments to Suppliers and Employees	918,152,000	911,227,000
Payments for (proceeds from) derivative instruments, operating activities	1,355,000	(4,992,000)
Scenario, Previously Reported [Member] | Immaterial Error [Member]
Payments for Acquisitions, Net of Cash Received, and Long-Term Investments		(13,500,000)
Payments for (Proceeds from) Derivative Instrument, Investing Activities		(5,000,000)
Restatement Adjustment [Member] | Immaterial Error [Member]
Payments of contingent consideration		13,100,000
Payments to Suppliers and Employees		400,000
Payments for (proceeds from) derivative instruments, operating activities		$ 5,000,000

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4. Intangible Assets, Goodwill and Other Intangible Assets (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		6 Months Ended																	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jun. 30, 2014 Customer Relationships [Member]	Dec. 31, 2013 Customer Relationships [Member]	Jun. 30, 2014 Know how [Member]	Dec. 31, 2013 Know how [Member]	Jun. 30, 2014 Developed Technology Rights [Member]	Dec. 31, 2013 Developed Technology Rights [Member]	Jun. 30, 2014 Licensing Agreements [Member]	Dec. 31, 2013 Licensing Agreements [Member]	Jun. 30, 2014 Trade Names [Member]	Dec. 31, 2013 Trade Names [Member]	Jun. 30, 2014 Noncompete Agreements [Member]	Dec. 31, 2013 Noncompete Agreements [Member]	Jun. 30, 2014 Other Intangible Assets [Member]	Dec. 31, 2013 Other Intangible Assets [Member]	Jun. 30, 2014 Minimum [Member] Customer Relationships [Member]	Dec. 31, 2013 Minimum [Member] Customer Relationships [Member]	Jun. 30, 2014 Minimum [Member] Know how [Member]	Dec. 31, 2013 Minimum [Member] Know how [Member]	Jun. 30, 2014 Minimum [Member] Developed Technology Rights [Member]	Dec. 31, 2013 Minimum [Member] Developed Technology Rights [Member]	Jun. 30, 2014 Minimum [Member] Licensing Agreements [Member]	Dec. 31, 2013 Minimum [Member] Licensing Agreements [Member]	Jun. 30, 2014 Minimum [Member] Trade Names [Member]	Dec. 31, 2013 Minimum [Member] Trade Names [Member]	Jun. 30, 2014 Minimum [Member] Noncompete Agreements [Member]	Dec. 31, 2013 Minimum [Member] Noncompete Agreements [Member]	Jun. 30, 2014 Minimum [Member] Other Intangible Assets [Member]	Dec. 31, 2013 Minimum [Member] Other Intangible Assets [Member]	Jun. 30, 2014 Maximum [Member] Customer Relationships [Member]	Dec. 31, 2013 Maximum [Member] Customer Relationships [Member]	Jun. 30, 2014 Maximum [Member] Know how [Member]	Dec. 31, 2013 Maximum [Member] Know how [Member]	Jun. 30, 2014 Maximum [Member] Developed Technology Rights [Member]	Dec. 31, 2013 Maximum [Member] Developed Technology Rights [Member]	Jun. 30, 2014 Maximum [Member] Licensing Agreements [Member]	Dec. 31, 2013 Maximum [Member] Licensing Agreements [Member]	Jun. 30, 2014 Maximum [Member] Trade Names [Member]	Dec. 31, 2013 Maximum [Member] Trade Names [Member]	Jun. 30, 2014 Maximum [Member] Noncompete Agreements [Member]	Dec. 31, 2013 Maximum [Member] Noncompete Agreements [Member]	Jun. 30, 2014 Maximum [Member] Other Intangible Assets [Member]	Dec. 31, 2013 Maximum [Member] Other Intangible Assets [Member]	Jun. 30, 2014 In Process Research and Development [Member]
Finite-Lived Intangible Assets, Net [Abstract]
Average Remaining Life (years)																				3 years	1 year	1 year	2 years	1 year	1 year	1 year	1 year	1 year	1 year	5 years	5 years	0 years	0 years	11 years	11 years	11 years	12 years	13 years	13 years	12 years	12 years	10 years	9 years	8 years	9 years	0 years	0 years
Purchase Price	$ 461.7		$ 461.7		$ 458.6	$ 100.8	$ 99.8	$ 195.3	$ 194.6	$ 110.7	$ 109.5	$ 45.0	$ 44.9	$ 4.4	$ 4.3	$ 4.9	$ 4.9	$ 0.6	$ 0.6
Accumulated Amortization	(215.6)		(215.6)		(192.4)	(45.2)	(41.1)	(100.4)	(89.3)	(41.8)	(36.2)	(24.2)	(22.4)	(2.4)	(2.1)	(1.0)	(0.7)	(0.6)	(0.6)
Net Carrying Amount	246.1		246.1			55.6	58.7	94.9	105.3	68.9	73.3	20.8	22.5	2.0	2.2	3.9	4.2	0	0
Amortization [Abstract]
Amortization expense	11.0	11.1	21.9	22.2
Indefinite-Lived Intangible Assets (Excluding Goodwill)																																																46.4
Intangible Assets, Gross (Excluding Goodwill)	$ 508.1		$ 508.1

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4. Intangible Assets, Goodwill and Other (Tables)

6 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Changes to goodwill by segment

Changes to goodwill by segment were as follows (in millions):

	Life Science			Clinical Diagnostics			Total
Balances as of January 1, 2014:
Goodwill	$	209.0		$	337.0		$	546.0
Accumulated impairment losses	(27.2		)	(1.0		)	(28.2		)
Goodwill, net	181.8			336.0			517.8
Acquisitions	—			15.2			15.2
Currency fluctuations	—			2.2			2.2
Balances as of June 30, 2014:
Goodwill	209.0			354.4			563.4
Accumulated impairment losses	(27.2		)	(1.0		)	(28.2		)
Goodwill, net	$	181.8		$	353.4		$	535.2

Schedule of identifiable purchased intangible assets with definite lives

Information regarding our identifiable purchased intangible assets with definite and indefinite lives is as follows (in millions):

	June 30, 2014
	Average Remaining Life (years)	Purchase Price		Accumulated Amortization			Net Carrying Amount
Customer relationships/lists	3-11	$	100.8	$	(45.2	)	$	55.6
Know how	1-11	195.3		(100.4		)	94.9
Developed product technology	1-13	110.7		(41.8		)	68.9
Licenses	1-12	45.0		(24.2		)	20.8
Tradenames	1-10	4.4		(2.4		)	2.0
Covenants not to compete	5-8	4.9		(1.0		)	3.9
Other	—	0.6		(0.6		)	—
Total definite-lived intangible assets		461.7		(215.6		)	$	246.1
In-process research and development		46.4		—			$	46.4
Total purchased intangible assets		$	508.1	$	(215.6	)	$	292.5

	December 31, 2013
	Average Remaining Life (years)	Purchase Price		Accumulated Amortization			Net Carrying Amount
Customer relationships/lists	1-11	$	99.8	$	(41.1	)	$	58.7
Know how	2-12	194.6		(89.3		)	105.3
Developed product technology	1-13	109.5		(36.2		)	73.3
Licenses	1-12	44.9		(22.4		)	22.5
Tradenames	1-9	4.3		(2.1		)	2.2
Covenants not to compete	5-9	4.9		(0.7		)	4.2
Other	—	0.6		(0.6		)	—
Total purchased intangible assets		$	458.6	$	(192.4	)	$	266.2