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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2013
SEGMENT INFORMATION  
Financial information regarding the Company's reportable segments

 

 

Three months ended March 31,

 

2013

 

2012

 

 

 

 

 

 

 

Total Revenue:

 

 

 

 

 

Beauty + Home

 

$

367,183

 

$

380,836

 

Pharma

 

168,893

 

140,201

 

Food + Beverage

 

85,333

 

75,822

 

Total Revenue

 

$

621,409

 

$

596,859

 

 

 

 

 

 

 

Less: Intersegment Sales:

 

 

 

 

 

Beauty + Home

 

$

3,711

 

$

3,685

 

Pharma

 

24

 

158

 

Food + Beverage

 

41

 

518

 

Total Intersegment Sales

 

$

3,776

 

$

4,361

 

 

 

 

 

 

 

Net Sales:

 

 

 

 

 

Beauty + Home

 

$

363,472

 

$

377,151

 

Pharma

 

168,869

 

140,043

 

Food + Beverage

 

85,292

 

75,304

 

Net Sales

 

$

617,633

 

$

592,498

 

 

 

 

 

 

 

Segment Income (1):

 

 

 

 

 

Beauty + Home

 

$

24,415

 

$

32,972

 

Pharma

 

45,980

 

39,372

 

Food + Beverage

 

8,550

 

6,788

 

Restructuring Initiatives and Related Depreciation

 

(4,526

)

 

Corporate & Other

 

(10,785

)

(8,641

)

Income before interest and taxes

 

$

63,634

 

$

70,491

 

Interest expense, net

 

(4,232

)

(4,214

)

Income before income taxes

 

$

59,402

 

$

66,277

 

 

(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 three months ended March 31, 2013 as follows:

Restructuring Initiatives and Related Depreciation Expense

Three months ended March 31,

 

2013

 

2012

 

 

 

 

 

 

 

European Operations Optimization (“EOO”) Plan

 

 

 

 

 

Depreciation

 

$

459

 

$

--

 

Employee Severance and Other Costs

 

4,067

 

--

 

Total Restructuring Initiatives and Related Depreciation Expense

 

$

4,526

 

$

--

 

 

 

 

 

 

 

Restructuring Initiatives and Related Depreciation Expense by Segment

 

 

 

 

 

Beauty + Home

 

$

4,526

 

$

--

 

Total Restructuring Initiatives and Related Depreciation Expense

 

$

4,526

 

$

--