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Business Segments
6 Months Ended
Jun. 30, 2014
Segment Reporting Measurement Disclosures [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 4 – Business Segments

The Company's reportable operating segments are organized by geography as follows: (i) North America, (ii) Europe, Middle East and Africa (“EMEA”), (iii) Asia/Pacific and (iv) South America. Operating earnings, excluding indirect operating expenses, for the Company's reportable operating 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 reportable operating 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 reported segments for the three and six months ended June 30, 2014 and June 30, 2013:

  Three Months Ended Six Months Ended
  June 30,  June 30,
  2014 2013 2014 2013
Net sales           
 North America$82,512 $76,751 $159,228 $151,509
 EMEA 50,228  49,155  99,417  95,862
 Asia/Pacific 45,123  42,542  87,060  80,530
 South America 13,423  16,398  27,255  33,138
Total net sales$191,286 $184,846 $372,960 $361,039
             
Operating earnings, excluding indirect operating expenses           
 North America$17,868 $15,996 $33,579 $31,035
 EMEA 8,109  8,581  16,205  15,551
 Asia/Pacific 10,221  10,770  20,139  20,398
 South America 889  2,357  2,398  5,232
Total operating earnings, excluding indirect operating expenses 37,087  37,704  72,321  72,216
Indirect operating expenses (15,327)  (17,027)  (30,375)  (33,249)
Amortization expense (815)  (884)  (1,628)  (1,763)
Consolidated operating income 20,945  19,793  40,318  37,204
Other income (expense), net 117  2,301  (356)  2,647
Interest expense (581)  (762)  (1,106)  (1,506)
Interest income 895  229  1,348  398
Consolidated income before taxes and equity in net income of associated companies$21,376 $21,561 $40,204 $38,743

Inter-segment revenue for the three and six months ended June 30, 2014 was $1,856 and $3,806 for North America, $5,455 and $10,781 for EMEA, $95 and $202 for Asia/Pacific and zero for South America, respectively. Inter-segment revenue for the three and six months ended June 30, 2013 was $2,741 and $4,847 for North America, $4,651 and $9,656 for EMEA, $247 and $305 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.