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Business Segments
 3 Months Ended
Mar. 31, 2019
Segment Reporting Measurement Disclosures [Abstract]  
Segment Reporting Disclosure [Text Block]

Note 6 – Business Segments

The Company’s reportable operating segments are organized by geography as follows: (i) North America, (ii) 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 cost of goods sold (“COGS”) and selling, general and administrative expenses (“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 expense, net.

The following table presents information about the performance of the Company’s reportable operating segments for the three months ended March 31, 2019 and 2018:

Three Months Ended
March 31,
20192018
Net sales
North America$95,253$91,820
EMEA 56,288 62,055
Asia/Pacific 50,527 48,777
South America 9,142 9,403
Total net sales$211,210$212,055
Operating earnings, excluding indirect operating expenses
North America$20,872$20,365
EMEA8,78210,293
Asia/Pacific13,08212,142
South America 1,197 635
Total operating earnings, excluding indirect operating expenses 43,933 43,435
Combination-related expenses(4,483)(5,209)
Non-operating charges (17,733) (16,039)
Depreciation of corporate assets and amortization (1,888) (1,956)
Operating income19,82920,231
Other expense, net(635)(369)
Interest expense (1,214) (1,692)
Interest income 438 489
Income before taxes and equity in net income (loss) of associated companies$18,418$18,659

Inter-segment revenues for the three months ended March 31, 2019 and 2018 were $1.8 million and $3.1 million for North America, $5.3 million and $5.6 million for EMEA, less than $0.1 million and $0.4 million for Asia/Pacific and less than $0.1 million and $0 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.