SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2014

SEGMENT INFORMATION

Financial information regarding the Company's reportable segments

Years Ended December 31,	2014			2013			2012
Total Sales:
Beauty + Home	$	1,522,444		$	1,501,611		$	1,468,599
Pharma		751,226			709,058			588,853
Food + Beverage		349,297			323,469			288,995
Total Sales	$	2,622,967		$	2,534,138		$	2,346,447
Less: Intersegment Sales:
Beauty + Home	$	24,147		$	13,466		$	14,659
Pharma		—			284			160
Food + Beverage		1,011			375			592
Total Intersegment Sales	$	25,158		$	14,125		$	15,411
Net Sales:
Beauty + Home	$	1,498,297		$	1,488,145		$	1,453,940
Pharma		751,226			708,774			588,693
Food + Beverage		348,286			323,094			288,403
Net Sales	$	2,597,809		$	2,520,013		$	2,331,036
Segment Income (1):
Beauty + Home	$	98,368		$	109,272		$	123,527
Pharma		204,698			189,689			141,912
Food + Beverage		37,728			35,186			30,415
Restructuring Initiatives and Related Depreciation		—			(14,525	)		(4,678	)
Corporate & Other		(38,261	)		(37,958	)		(33,849	)
Income before interest and taxes	$	302,533		$	281,664		$	257,327
Interest expense, net		(16,232	)		(17,281	)		(15,954	)
Income before income taxes	$	286,301		$	264,383		$	241,373
Depreciation and Amortization (1):
Beauty + Home	$	85,469		$	83,328		$	82,828
Pharma		41,690			39,812			33,122
Food + Beverage		20,179			18,871			15,605
Restructuring Initiatives		—			2,725			1,576
Corporate & Other		4,880			5,220			3,891
Depreciation and Amortization	$	152,218		$	149,956		$	137,022
Capital Expenditures:
Beauty + Home	$	76,544		$	81,247		$	97,010
Pharma		37,455			32,643			24,953
Food + Beverage		32,148			19,339			32,282
Corporate & Other		15,793			18,281			19,808
Capital Expenditures	$	161,940		$	151,510		$	174,053
Total Assets:
Beauty + Home	$	1,193,370		$	1,318,933		$	1,240,101
Pharma		619,304			676,420			659,132
Food + Beverage		263,742			253,774			233,553
Corporate & Other		360,774			248,635			191,626
Total Assets	$	2,437,190		$	2,497,762		$	2,324,412

(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, 2014, 2013 and 2012 as follows:

Years Ended December 31,	2014		2013			2012
European Restructuring Plan
Depreciation	$	—	$	2,725		$	1,576
Employee Severance and Other Costs		—		11,844			3,314
Prior Year Initiatives		—		(44	)		(212	)
Total Restructuring Initiatives and Related Depreciation Expense	$	—	$	14,525		$	4,678
Restructuring Initiatives and Related Depreciation Expense by Segment
Beauty + Home	$	—	$	14,548		$	4,787
Pharma		—		—			—
Food + Beverage		—		(23	)		(109	)
Total Restructuring Initiatives and Related Depreciation Expense	$	—	$	14,525		$	4,678

Restructuring Initiatives and Related Depreciation

Years Ended December 31,	2014		2013			2012
European Restructuring Plan
Depreciation	$	—	$	2,725		$	1,576
Employee Severance and Other Costs		—		11,844			3,314
Prior Year Initiatives		—		(44	)		(212	)
Total Restructuring Initiatives and Related Depreciation Expense	$	—	$	14,525		$	4,678
Restructuring Initiatives and Related Depreciation Expense by Segment
Beauty + Home	$	—	$	14,548		$	4,787
Pharma		—		—			—
Food + Beverage		—		(23	)		(109	)
Total Restructuring Initiatives and Related Depreciation Expense	$	—	$	14,525		$	4,678

Schedule of net sales and long-lived asset information by geographic area and product information

	2014		2013		2012
Net Sales to Unaffiliated Customers (1):
United States	$	642,060	$	634,418	$	650,637
Europe:
France		850,817		810,528		650,226
Germany		363,898		339,858		311,205
Italy		141,808		136,617		144,163
Other Europe		150,469		165,038		163,695
Total Europe		1,506,992		1,452,041		1,269,289
Other Foreign Countries		448,757		433,554		411,110
Total	$	2,597,809	$	2,520,013	$	2,331,036
Plant, Property & Equipment:
United States	$	192,265	$	226,917	$	191,697
Europe:
France		228,049		263,913		251,015
Germany		136,491		156,970		137,203
Italy		48,940		57,729		65,743
Other Europe		57,946		72,297		72,404
Total Europe		471,426		550,909		526,365
Other Foreign Countries		147,964		86,836		130,171
Total	$	811,655	$	864,662	$	848,233
Product Net Sales Information:
Pumps	$	1,111,536	$	1,093,514	$	1,044,226
Closures		611,144		594,135		605,493
Valves		350,106		327,635		327,251
Injectables (2)		143,631		142,116		56,465
Other		381,392		362,613		297,601
Total	$	2,597,809	$	2,520,013	$	2,331,036

(1)	Sales are attributed to countries based upon where the sales invoice to unaffiliated customers is generated.
(2)	Injectables represent six month sales in 2012 from the date of acquisition.