SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2011

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 16 SEGMENT INFORMATION

 The Company operates in the packaging components industry, which includes the development, manufacture and sale of consumer product dispensing systems. The Company is organized into three reporting segments. Operations that sell dispensing systems primarily to the fragrance/cosmetic, personal care and household markets form the Beauty + Home segment. Operations that sell dispensing systems to the prescription and consumer healthcare markets form the Pharma segment. Operations that sell dispensing systems primarily to the food and beverage markets form the Food + Beverage segment.

        The accounting policies of the segments are the same as those described in Note 1, Summary of Significant Accounting Policies. The Company evaluates performance of its business segments and allocates resources based upon segment income. Segment income is defined as earnings before interest expense in excess of interest income, certain corporate expenses and income taxes. Beginning in 2011, the Company changed the segment income measure to include stock option and certain information technology costs that were historically maintained within Corporate & Other. Prior period information has been conformed to incorporate this change.

        Financial information regarding the Company's reportable segments is shown below:

Years Ended December 31,	2011			2010			2009
Total Sales:
Beauty + Home	$	1,531,479		$	1,391,335		$	1,204,253
Pharma		554,708			476,376			451,175
Food + Beverage		269,968			222,629			199,767
Other		7			170			195
Total Sales	$	2,356,162		$	2,090,510		$	1,855,390
Less: Intersegment Sales:
Beauty + Home	$	15,174		$	11,270		$	11,078
Pharma		778			129			209
Food + Beverage		3,020			2,227			2,294
Other		7			165			193
Total Intersegment Sales	$	18,979		$	13,791		$	13,774
Net Sales:
Beauty + Home	$	1,516,305		$	1,380,065		$	1,193,175
Pharma		553,930			476,247			450,966
Food + Beverage		266,948			220,402			197,473
Other		—			5			2
Net Sales	$	2,337,183		$	2,076,719		$	1,841,616
Segment Income (1):
Beauty + Home	$	130,888		$	132,172		$	68,230
Pharma		164,390			134,531			128,006
Food + Beverage		27,802			27,796			27,540
Corporate and Other		(36,560	)		(28,991	)		(26,566	)
Income before
interest and taxes	$	286,520		$	265,508		$	197,210
Interest expense, net		(11,578	)		(11,123	)		(13,152	)
Income before income taxes	$	274,942		$	254,385		$	184,058
Depreciation and Amortization:
Beauty + Home	$	90,038		$	91,891		$	93,903
Pharma		28,084			26,638			24,608
Food + Beverage		13,413			12,065			12,245
Other		2,708			2,365			2,257
Depreciation and Amortization	$	134,243		$	132,959		$	133,013
Capital Expenditures:
Beauty + Home	$	101,913		$	75,659		$	77,280
Pharma		26,911			19,401			26,839
Food + Beverage		47,135			15,421			15,377
Other		3,733			8,323			25,430
Capital Expenditures	$	179,692		$	118,804		$	144,926
Total Assets:
Beauty + Home	$	1,232,009		$	1,180,928		$	1,127,385
Pharma		404,939			354,512			362,722
Food + Beverage		199,170			140,931			136,453
Other		323,177			356,347			329,633
Total Assets	$	2,159,295		$	2,032,718		$	1,956,193

(1)

The Company evaluates performance of its business units and allocates resources based upon segment income. Segment income is defined as earnings before net interest expense, certain corporate expenses and income taxes. Included in the segment income figures reported above are consolidation/severance expenses for the twelve months ended December 31, 2011, 2010 and 2009 as follows:

CONSOLIDATION/SEVERANCE EXPENSES	2011		2010			2009
Beauty + Home	$	70	$	(46	)	$	(4,030	)
Pharma		—		—			(433	)
Food + Beverage		1		(47	)		(3,100	)
Total Consolidation/Severance
Expenses	$	71	$	(93	)	$	(7,563	)

GEOGRAPHIC INFORMATION

 The following are net sales and long-lived asset information by geographic area and product information for the years ended December 31, 2011, 2010 and 2009:

	2011		2010		2009
Net Sales to Unaffiliated Customers (1):
United States	$	636,060	$	594,467	$	519,671
Europe:
France		630,172		557,595		483,051
Germany		308,847		255,013		240,302
Italy		168,885		152,138		129,257
Other Europe		232,132		226,293		220,425
Total Europe		1,340,036		1,191,039		1,073,035
Other Foreign Countries		361,087		291,213		248,910
Total	$	2,337,183	$	2,076,719	$	1,841,616
Plant, Property & Equipment:
United States	$	174,029	$	174,831	$	156,138
Europe:
France		199,975		202,954		245,432
Germany		136,136		138,027		154,095
Italy		68,684		73,353		77,239
Other Europe		64,921		59,859		62,013
Total Europe		469,716		474,193		538,779
Other Foreign Countries		110,970		75,960		69,151
Total	$	754,715	$	724,984	$	764,068
Product Net Sales Information:
Pumps	$	1,114,276	$	1,011,992	$	895,188
Closures		615,243		527,772		465,001
Valves		316,900		299,042		277,641
Other		290,764		237,913		203,786
Total	$	2,337,183	$	2,076,719	$	1,841,616

(1)

Sales are attributed to countries based upon where the sales invoice to unaffiliated customers is generated.

        No single customer represents 10% or more of the Company's net sales in 2011, 2010 or 2009.