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Business Segments
9 Months Ended
Sep. 30, 2013
Segment Reporting Measurement Disclosures [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 3 – Business Segments

The Company's reportable operating segments evidence the structure of the Company's internal organization, the method by which the Company's resources are allocated and the manner by which the Company assesses its performance. In the third quarter of 2013, certain internal shifts in the Company's management and changes to the structure of internally reported information occurred. The Company currently believes its structure, its resource allocation and its performance assessment are now more closely aligned with its four geographical regions: North America, EMEA, Asia Pacific and South America. Therefore, the Company changed its reportable operating segments from ones categorized by product nature to ones organized by geography. All prior period information has been recast to reflect these four regions as the Company's new reportable operating segments.

Though the Company changed its reportable operating segments in the third quarter of 2013, the calculation of the reportable segment's measure of earnings remains relatively consistent with past practices. Operating earnings, excluding indirect operating expenses, for the Company's reportable segments are comprised of revenues less costs of goods sold and SG&A directly related to the respective regions' product sales. The indirect operating expenses consist of SG&A related expenses that are not directly attributable to the product sales of each respective reporting segment. Other items not specifically identified with the Company's reportable operating segments include interest expense, interest income, license fees from non-consolidated affiliates and other income (expense).

The following table presents information about the Company's reportable operating segments for the three and nine months ended September 30, 2013 and September 30, 2012:

  Three Months Ended Nine Months Ended
  September 30,  September 30,
  2013 2012 2013 2012
Net sales           
 North America$79,602 $78,690 $231,111 $236,079
 EMEA 44,452  43,376  140,314  131,353
 Asia Pacific 44,063  42,503  124,593  117,379
 South America 15,942  16,354  49,080  50,547
Total net sales$184,059 $180,923 $545,098 $535,358
             
Operating earnings, excluding indirect operating expenses           
 North America$15,203 $13,650 $46,238 $44,959
 EMEA 6,781  5,554  22,332  19,604
 Asia Pacific 11,214  10,078  31,612  27,413
 South America 2,598  584  7,830  5,021
Total operating earnings, excluding indirect operating expenses 35,796  29,866  108,012  96,997
Indirect operating expenses (16,131)  (13,185)  (49,380)  (45,166)
Amortization expense (858)  (818)  (2,621)  (2,283)
Consolidated operating income 18,807  15,863  56,011  49,548
Other (expense) income, net (685)  322  1,962  529
Interest expense (717)  (1,034)  (2,223)  (3,359)
Interest income 267  149  665  409
Consolidated income before taxes and equity in net income of associated companies$17,672 $15,300 $56,415 $47,127

Inter-segment revenue for the three and nine months ended September 30, 2013 were $2,413 and $7,704 for North America, $5,771 and $15,427 for EMEA, $745 and $2,423 for Asia Pacific and zero for South America, respectively. Inter-segment revenue for the three and nine months ended September 30, 2012 were $3,063 and $8,596 for North America, $4,726 and $11,895 for EMEA, $862 and $1,738 for Asia Pacific and zero for South America, respectively. However, all inter-segment transactions have been eliminated from each reportable operating segment's net sales and earnings for all periods presented above.