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Business Segments
 3 Months Ended
Mar. 31, 2017
Segment Reporting Measurement Disclosures [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 3 – 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 is comprised of revenues less COGS and SG&A directly related to the respective region’s product sales. The indirect operating expenses consist of SG&A 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, amortization expense and other income (expense).

The following table presents information about the performance of the Company’s reportable operating segments for the three months ended March 31, 2017 and 2016:

Three Months Ended
March 31,
20172016
Net sales
North America$87,341$82,372
EMEA 53,927 47,649
Asia/Pacific 45,150 41,512
South America 8,491 6,544
Total net sales$194,909$178,077
Operating earnings, excluding indirect operating expenses
North America$20,637$18,682
EMEA9,2468,109
Asia/Pacific10,24311,048
South America 797 (315)
Total operating earnings, excluding indirect operating expenses 40,923 37,524
Combination-related expenses(9,075)—
Non-operating charges (16,317) (15,909)
Amortization expense (1,773) (1,777)
Consolidated operating income13,75819,838
Other (expense) income, net(105)102
Interest expense (656) (741)
Interest income 523 348
Consolidated income before taxes and equity in net income of associated companies$13,520$19,547

Inter-segment revenues for the three months ended March 31, 2017 and 2016 were $2.1 million and $1.8 million for North America, $4.8 million and $3.9 million for EMEA, $0.1 million and $0.3 million for Asia/Pacific, respectively, and less than $0.1 million for South America in both periods. However, all inter-segment transactions have been eliminated from each reportable operating segment’s net sales and earnings for all periods presented above.