EX-99.1 2 exhibit991-recastsegmentin.htm EXHIBIT 99.1 Exhibit 99.1 - Recast Segment Info

Segment Information
The table below presents reportable segment results, as recast (unaudited):
(in thousands)
 
2012

 
2011

 
2010

Aerospace & Electronics
 
 
 
 
 
 
Net sales
 
$
701,208

 
$
677,663

 
$
577,164

Operating profit(a)
 
156,015

 
145,624

 
109,228

Assets
 
509,672

 
514,240

 
498,775

Goodwill
 
203,595

 
203,516

 
202,481

Capital expenditures
 
6,851

 
15,049

 
7,756

Depreciation and amortization
 
14,713

 
15,635

 
15,804

Engineered Materials
 
 
 
 
 
 
Net sales
 
$
216,503

 
$
220,071

 
$
212,280

Operating profit(b)
 
24,522

 
29,754

 
30,143

Assets
 
237,478

 
245,350

 
255,340

Goodwill
 
171,533

 
171,489

 
171,491

Capital expenditures
 
2,163

 
1,840

 
1,052

Depreciation and amortization
 
7,191

 
7,959

 
8,090

Merchandising Systems
 
 
 
 
 
 
Net sales
 
$
371,901

 
$
373,907

 
$
298,040

Operating profit(c)
 
33,771

 
30,337

 
16,729

Assets
 
408,702

 
408,857

 
419,704

Goodwill
 
201,866

 
197,719

 
197,453

Capital expenditures
 
4,263

 
4,652

 
3,490

Depreciation and amortization
 
14,226

 
15,283

 
11,811

Fluid Handling
 
 
 
 
 
 
Net sales
 
$
1,289,456

 
$
1,228,728

 
$
1,091,946

Operating profit(d)
 
160,980

 
161,031

 
126,571

Assets
 
993,275

 
973,427

 
896,267

Goodwill
 
236,798

 
248,101

 
238,860

Capital expenditures
 
15,385

 
12,761

 
8,145

Depreciation and amortization
 
19,411

 
22,273

 
22,260


(a)
Includes restructuring charges of $269 in 2010.
(b)
Includes restructuring charges of $2,338 in 2012 and $238 in 2010.
(c)
Includes $1,276 of transaction costs associated with the acquisition of Money Controls in 2010 and restructuring charges of $3,355 in 2012 and $3,224 in 2010.
(d)
Includes restructuring charges of $12,745 in 2012 and $2,964 in 2010.


 



Information by reportable segment (continued):
(in thousands)
 
2012

 
2011

 
2010

TOTAL NET SALES
 
$
2,579,068

 
$
2,500,369

 
$
2,179,319

Operating profit (loss) from Continuing Operations
 
 
 
 
 
 
Reporting segments
 
$
375,288

 
$
366,746

 
$
282,671

Corporate — before asbestos and environmental charges (a) (b)
 
(64,847
)
 
(58,201
)
 
(49,371
)
Corporate expense — asbestos charge
 
—

 
241,647

 
—

Corporate expense — environmental charges
 
—

 
30,327

 
—

TOTAL OPERATING PROFIT FROM CONTINUING OPERATIONS
 
$
310,441

 
$
36,571

 
$
233,300

Interest income
 
1,879

 
1,635

 
1,184

Interest expense
 
(26,831
)
 
(26,255
)
 
(26,841
)
Miscellaneous — net
 
(884
)
 
2,810

 
1,424

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
 
$
284,605

 
$
14,761

 
$
209,067

Assets
 
 
 
 
 
 
Reporting segments
 
$
2,149,127

 
$
2,141,874

 
$
2,070,086

Corporate
 
740,751

 
701,657

 
636,611

TOTAL ASSETS
 
$
2,889,878

 
$
2,843,531

 
$
2,706,697

Goodwill
 
 
 
 
 
 
Reporting segments
 
$
813,792

 
$
820,824

 
$
810,285

Capital expenditures
 
 
 
 
 
 
Reporting segments
 
$
28,662

 
$
34,302

 
$
20,443

Corporate
 
646

 
435

 
590

TOTAL CAPITAL EXPENDITURES
 
$
29,308

 
$
34,737

 
$
21,033

Depreciation and amortization
 
 
 
 
 
 
Reporting segments
 
$
55,541

 
$
61,151

 
$
57,965

Corporate
 
1,722

 
1,792

 
1,876

TOTAL DEPRECIATION AND AMORTIZATION
 
$
57,263

 
$
62,943

 
$
59,841

(a) Includes $3,874 of non-deductible acquisition costs associated with the pending acquisition of MEI.
(b) Includes restructuring charges of $25 in 2012