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SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2014
SEGMENT INFORMATION  
Financial information regarding the Company's reportable segments

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

Total Revenue:

 

 

 

 

 

 

 

 

 

Beauty + Home

 

$

384,604

 

$

379,250

 

$

1,174,359

 

$

1,125,261

 

Pharma

 

179,191

 

172,360

 

569,230

 

524,248

 

Food + Beverage

 

94,118

 

75,531

 

274,936

 

244,434

 

Total Revenue

 

657,913

 

627,141

 

2,018,525

 

1,893,943

 

 

 

 

 

 

 

 

 

 

 

Less: Intersegment Sales:

 

 

 

 

 

 

 

 

 

Beauty + Home

 

$

5,699

 

$

3,199

 

$

18,992

 

$

10,754

 

Pharma

 

--

 

90

 

--

 

178

 

Food + Beverage

 

272

 

208

 

909

 

293

 

Total Intersegment Sales

 

$

5,971

 

$

3,497

 

$

19,901

 

$

11,225

 

 

 

 

 

 

 

 

 

 

 

Net Sales:

 

 

 

 

 

 

 

 

 

Beauty + Home

 

$

378,905

 

$

376,051

 

$

1,155,367

 

$

1,114,507

 

Pharma

 

179,191

 

172,270

 

569,230

 

524,070

 

Food + Beverage

 

93,846

 

75,323

 

274,027

 

244,141

 

Net Sales

 

$

651,942

 

$

623,644

 

$

1,998,624

 

$

1,882,718

 

 

 

 

 

 

 

 

 

 

 

Segment Income:

 

 

 

 

 

 

 

 

 

Beauty + Home

 

$

25,399

 

$

30,943

 

$

80,378

 

$

85,697

 

Pharma

 

49,314

 

44,737

 

154,589

 

141,154

 

Food + Beverage

 

11,713

 

7,688

 

33,209

 

28,102

 

Restructuring Initiatives and

 

 

 

 

 

 

 

 

 

Related Depreciation (1)

 

--

 

(2,664

)

--

 

(10,257

)

Corporate & Other

 

(8,364

)

(8,113

)

(28,664

)

(27,605

)

Income before interest and taxes

 

$

78,062

 

$

72,591

 

$

239,512

 

$

217,091

 

Interest expense, net

 

(3,946

)

(4,265

)

(12,010

)

(13,093

)

Income before income taxes

 

$

74,116

 

$

68,326

 

$

227,502

 

$

203,998

 

 

(1)

Restructuring Initiatives and Related Depreciation includes the following income/(expense) items for the three and nine months ended September 30, 2014:

 

 

Restructuring Initiatives and Related Depreciation Expense

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

European Restructuring Plan

 

 

 

 

 

 

 

 

 

Depreciation

 

$

--

 

$

484

 

$

--

 

$

1,499

 

Employee Severance and Other Costs

 

--

 

2,180

 

--

 

8,802

 

Prior Year Initiatives

 

--

 

--

 

--

 

(44

)

Total Restructuring Initiatives and Related Depreciation Expense

 

$

--

 

$

2,664

 

$

--

 

$

10,257

 

 

 

 

 

 

 

 

 

 

 

Restructuring Initiatives and Related Depreciation Expense by Segment

 

 

 

 

 

Beauty + Home

 

$

--

 

$

2,664

 

$

--

 

$

10,280

 

Pharma

 

--

 

--

 

--

 

--

 

Food + Beverage

 

--

 

--

 

--

 

(23

)

Total Restructuring Initiatives and Related Depreciation Expense

 

$

--

 

$

2,664

 

$

--

 

$

10,257