SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2016

SEGMENT INFORMATION

SEGMENT INFORMATION

NOTE 14 — SEGMENT INFORMATION

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 primarily to the prescription drug, consumer health care and injectables 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, in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. 

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

Three Months Ended March 31,	2016		2015
Total Sales:
Beauty + Home	$	318,870	$	334,794
Pharma		183,135		178,669
Food + Beverage		85,396		81,920
Total Sales		587,401		595,383
Less: Intersegment Sales:
Beauty + Home	$	4,534	$	5,380
Pharma		—		—
Food + Beverage		529		192
Total Intersegment Sales	$	5,063	$	5,572
Net Sales:
Beauty + Home	$	314,336	$	329,414
Pharma		183,135		178,669
Food + Beverage		84,867		81,728
Net Sales	$	582,338	$	589,811
Segment Income:
Beauty + Home	$	23,528	$	23,375
Pharma		53,236		52,001
Food + Beverage		9,283		9,050
Corporate & Other		(18,195)		(11,159)
Income before interest and taxes	$	67,852	$	73,267
Interest expense, net		(8,007)		(5,572)
Income before income taxes	$	59,845	$	67,695

(1) The Company evaluates performance of our 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.