SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2012

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 15 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 personal care, beauty and home care markets form the Beauty + Home segment. Operations that sell dispensing systems to the prescription drug and consumer health care 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, restructuring initiatives and income taxes.

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

Years Ended December 31,	2012			2011			2010
Total Sales:
Beauty + Home	$	1,468,599		$	1,531,479		$	1,391,335
Pharma		588,853			554,708			476,376
Food + Beverage		288,995			269,968			222,629
Corporate & Other		—			7			170
Total Sales	$	2,346,447		$	2,356,162		$	2,090,510
Less: Intersegment Sales:
Beauty + Home	$	14,659		$	15,174		$	11,270
Pharma		160			778			129
Food + Beverage		592			3,020			2,227
Corporate & Other		—			7			165
Total Intersegment Sales	$	15,411		$	18,979		$	13,791
Net Sales:
Beauty + Home	$	1,453,940		$	1,516,305		$	1,380,065
Pharma		588,693			553,930			476,247
Food + Beverage		288,403			266,948			220,402
Corporate & Other		—			—			5
Net Sales	$	2,331,036		$	2,337,183		$	2,076,719
Segment Income (1):
Beauty + Home	$	123,527		$	130,818		$	132,218
Pharma		141,912			164,390			134,531
Food + Beverage		30,415			27,801			27,843
Restructuring Initiatives		(4,678	)		71			(93	)
Corporate & Other		(33,849	)		(36,560	)		(28,991	)
Income before interest and taxes	$	257,327		$	286,520		$	265,508
Interest expense, net		(15,954	)		(11,578	)		(11,123	)
Income before income taxes	$	241,373		$	274,942		$	254,385
Depreciation and Amortization (1):
Beauty + Home	$	82,828		$	90,038		$	91,891
Pharma		33,122			28,084			26,638
Food + Beverage		15,605			13,413			12,065
Restructuring Initiatives		1,576			—			—
Corporate & Other		3,891			2,708			2,365
Depreciation and Amortization	$	137,022		$	134,243		$	132,959
Capital Expenditures:
Beauty + Home	$	97,010		$	101,913		$	75,659
Pharma		24,953			26,911			19,401
Food + Beverage		32,282			47,135			15,421
Corporate & Other		19,808			3,733			8,323
Capital Expenditures	$	174,053		$	179,692		$	118,804
Total Assets:
Beauty + Home	$	1,240,101		$	1,232,009		$	1,180,928
Pharma		659,132			404,939			354,512
Food + Beverage		233,553			199,170			140,931
Corporate & Other		191,626			323,177			356,347
Total Assets	$	2,324,412		$	2,159,295		$	2,032,718

(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, restructuring initiatives and income taxes. Restructuring Initiatives and related Depreciation includes the following income/(expense) items for the twelve months ended December 31, 2012, 2011 and 2010 as follows:

Years Ended December 31,	2012			2011			2010
EOO Plan
Depreciation	$	1,576		$	—		$	—
Employee Severance and Other Costs		3,314			—			—
Prior Year Initiatives		(212	)		(71	)		93
Total Depreciation and Restructuring Initiatives Expense	$	4,678		$	(71	)	$	93
Depreciation and Restructuring Initiatives Expense by Segment
Beauty + Home	$	4,787		$	(70	)	$	46
Pharma		—			—			—
Food + Beverage		(109	)		(1	)		47
Total Depreciation and Restructuring Initiatives Expense	$	4,678		$	(71	)	$	93

GEOGRAPHIC INFORMATION

 The following are net sales and long-lived asset information by geographic area and product information for the years ended December 31, 2012, 2011 and 2010:

	2012		2011		2010
Net Sales to Unaffiliated Customers (1):
United States	$	650,637	$	636,060	$	594,467
Europe:
France		650,226		630,172		557,595
Germany		311,205		308,847		255,013
Italy		144,163		168,885		152,138
Other Europe		163,695		232,132		226,293
Total Europe		1,269,289		1,340,036		1,191,039
Other Foreign Countries		411,110		361,087		291,213
Total	$	2,331,036	$	2,337,183	$	2,076,719
Plant, Property & Equipment:
United States	$	191,697	$	174,029	$	174,831
Europe:
France		251,015		199,975		202,954
Germany		137,203		136,136		138,027
Italy		65,743		68,684		73,353
Other Europe		72,404		64,921		59,859
Total Europe		526,365		469,716		474,193
Other Foreign Countries		130,171		110,970		75,960
Total	$	848,233	$	754,715	$	724,984
Product Net Sales Information:
Pumps	$	1,044,226	$	1,114,276	$	1,011,992
Closures		605,493		615,243		527,772
Valves		327,251		316,900		299,042
Other		354,066		290,764		237,913
Total	$	2,331,036	$	2,337,183	$	2,076,719

(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 2012, 2011 or 2010.