Business Segments And Geographic Information

12 Months Ended

Dec. 31, 2011

Business Segments And Geographic Information [Abstract]

Business Segments And Geographic Information

11. Business Segments and Geographic Information

IDEX has four reportable business segments: Fluid & Metering Technologies, Health & Science Technologies, Dispensing Equipment, and Fire & Safety/Diversified Products. Reporting units in the Fluid & Metering Technologies segment include Banjo, Energy, CFP and Water. Reporting units in the Health & Science Technologies segment include IH&S, IOP, PPE, Gast, Micropump and MPT. The Dispensing Equipment segment is a reporting unit. Reporting units in the Fire & Safety/Diversified Products segment include Fire Suppression, Rescue Tools and Band-It.

The Fluid & Metering Technologies segment designs, produces and distributes positive displacement pumps, flow meters, injectors, and other fluid-handling pump modules and systems and provides flow monitoring and other services for the water and wastewater industries. The Health & Science Technologies segment designs, produces and distributes a wide range of precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction and drying systems used in beverage, food processing, pharmaceutical and cosmetics, pneumatic components and sealing solutions, including very high precision, low-flow rate pumping solutions required in analytical instrumentation, clinical diagnostics and drug discovery, high performance molded and extruded, biocompatible medical devices and implantables, air compressors used in medical, dental and industrial applications, optical components and coatings for applications in the fields of scientific research, defense, aerospace, telecommunications and electronics manufacturing, laboratory and commercial equipment used in the production of micro and nano scale materials, precision photonic solutions used in life sciences, research and defense markets, and precision gear and peristaltic pump technologies that meet exacting original equipment manufacturer specifications. The Dispensing Equipment segment produces precision equipment for dispensing, metering and mixing colorants and paints used in a variety of retail and commercial businesses around the world. The Fire & Safety/Diversified Products segment produces firefighting pumps and controls, rescue tools, lifting bags and other components and systems for the fire and rescue industry, and engineered stainless steel banding and clamping devices used in a variety of industrial and commercial applications.

Information on the Company's business segments is presented below, based on the nature of products and services offered. The Company evaluates performance based on several factors, of which operating income is the primary financial measure. Intersegment sales are accounted for at fair value as if the sales were to third parties. Certain prior year amounts have been revised to reflect the movement of the MPT reporting unit from the Fluid & Metering Technologies Segment to the Health & Science Technologies Segment.

	2011			2010			2009
	(In thousands)
NET SALES
Fluid & Metering Technologies:
External customers	$	816,409		$	704,179		$	620,670
Intersegment sales		466			712			866
Total segment sales		816,875			704,891			621,536
Health & Science Technologies:
External customers		620,659			418,535			318,908
Intersegment sales		1,653			3,717			4,993
Total segment sales		622,312			422,252			323,901
Dispensing Equipment:
External customers		116,857			125,127			127,279
Intersegment sales		553			193			—
Total segment sales		117,410			125,320			127,279
Fire & Safety/Diversified Products:
External customers		284,526			265,232			262,804
Intersegment sales		489			269			5
Total segment sales		285,015			265,501			262,809
Intersegment eliminations		(3,161	)		(4,891	)		(5,864	)
Total net sales	$	1,838,451		$	1,513,073		$	1,329,661
OPERATING INCOME(1)
Fluid & Metering Technologies	$	159,984		$	127,192		$	97,867
Health & Science Technologies		110,871			87,084			54,134
Dispensing Equipment		15,409			19,490			15,147
Fire & Safety/Diversified Products		70,492			62,844			59,884
Corporate office and other(2)		(52,100	)		(47,494	)		(42,178	)
Total operating income		304,656			249,116			184,854
Interest expense		29,332			16,150			17,178
Other income (expense)-net		(1,443	)		(1,092	)		1,151
Income before taxes	$	273,881		$	231,874		$	168,827
ASSETS
Fluid & Metering Technologies	$	1,048,682		$	1,040,601		$	1,011,392
Health & Science Technologies		1,201,994			718,884			598,786
Dispensing Equipment		149,813			205,540			164,979
Fire & Safety/Diversified Products		292,587			278,567			285,893
Corporate office and other(2)		143,031			138,103			37,107
Total assets	$	2,836,107		$	2,381,695		$	2,098,157
DEPRECIATION AND AMORTIZATION(3)
Fluid & Metering Technologies	$	32,258		$	31,762		$	31,540
Health & Science Technologies		30,165			17,384			15,337
Dispensing Equipment		3,181			3,753			3,124
Fire & Safety/Diversified Products		5,335			4,885			5,328
Corporate office and other		1,447			324			1,017
Total depreciation and amortization	$	72,386		$	58,108		$	56,346
CAPITAL EXPENDITURES
Fluid & Metering Technologies	$	12,481		$	17,206		$	12,785
Health & Science Technologies		13,000			7,618			6,447
Dispensing Equipment		1,179			1,129			864
Fire & Safety/Diversified Products		4,465			3,513			3,686
Corporate office and other		3,423			3,303			1,743
Total capital expenditures	$	34,548		$	32,769		$	25,525

(1) Segment operating income excludes net unallocated corporate operating expenses.

(2) Includes intersegment eliminations.

(3) Excludes amortization of debt issuance expenses.

Information about the Company's operations in different geographical regions for the years ended December 31, 2011, 2010 and 2009 is shown below. Net sales were attributed to geographic areas based on location of the customer, and no country outside the U.S. was greater than 10% of total revenues.

	2011		2010		2009
	(In thousands)
NET SALES
U.S.	$	857,990	$	766,067	$	698,822
Europe		492,125		402,056		361,774
Other countries		488,336		344,950		269,065
Total net sales	$	1,838,451	$	1,513,073	$	1,329,661
LONG-LIVED ASSETS — PROPERTY, PLANT AND EQUIPMENT
U.S.	$	124,102	$	108,951	$	105,165
Europe		63,433		68,756		61,766
Other countries		26,182		10,855		11,352
Total long-lived assets — net	$	213,717	$	188,562	$	178,283