SEGMENT INFORMATION

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Total Sales:
Beauty + Home	$	345,894	$	324,742	$	664,764	$	659,536
Pharma		191,038		183,300		374,173		361,969
Food + Beverage		89,087		92,122		174,483		174,042
Total Sales		626,019		600,164		1,213,420		1,195,547
Less: Intersegment Sales:
Beauty + Home	$	5,573	$	5,617	$	10,107	$	10,997
Pharma		4		—		4		—
Food + Beverage		443		272		972		464
Total Intersegment Sales	$	6,020	$	5,889	$	11,083	$	11,461
Net Sales:
Beauty + Home	$	340,321	$	319,124	$	654,657	$	648,539
Pharma		191,034		183,300		374,169		361,969
Food + Beverage		88,644		91,851		173,511		173,578
Net Sales	$	619,999	$	594,275	$	1,202,337	$	1,184,086
Segment Income (1):
Beauty + Home	$	30,547	$	27,193	$	54,075	$	50,569
Pharma		58,597		55,462		111,833		107,463
Food + Beverage		13,593		14,991		22,876		24,041
Corporate & Other		(9,636)		(3,801)		(27,831)		(14,961)
Income before interest and taxes	$	93,101	$	93,845	$	160,953	$	167,112
Interest expense, net		(8,743)		(8,090)		(16,750)		(13,662)
Income before income taxes	$	84,358	$	85,755	$	144,203	$	153,450

(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.