SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2018

SEGMENT INFORMATION

Financial information regarding the Company's reportable segments

Year Ended December 31,	2018		2017		2016
Total Sales:
Beauty + Home	$	1,446,231	$	1,333,048	$	1,278,151
Pharma		955,069		805,913		741,473
Food + Beverage		386,689		352,483		330,231
Total Sales	$	2,787,989	$	2,491,444	$	2,349,855
Less: Intersegment Sales:
Beauty + Home	$	19,849	$	19,262	$	17,065
Pharma		417		33		—
Food + Beverage		2,962		2,866		1,856
Total Intersegment Sales	$	23,228	$	22,161	$	18,921
Net Sales:
Beauty + Home	$	1,426,382	$	1,313,786	$	1,261,086
Pharma		954,652		805,880		741,473
Food + Beverage		383,727		349,617		328,375
Net Sales	$	2,764,761	$	2,469,283	$	2,330,934
Adjusted EBITDA (1):
Beauty + Home	$	185,926	$	173,227	$	186,993
Pharma		343,706		275,933		259,241
Food + Beverage		57,589		62,903		61,588
Corporate & Other, unallocated		(36,285)		(37,457)		(31,712)
Acquisition-related costs (2)		(23,770)		—		(8,217)
Restructuring Initiatives (3)		(63,829)		(2,208)		—
Gain on insurance recovery (4)		—		10,648		—
Depreciation and amortization		(171,747)		(153,094)		(154,802)
Interest Expense		(32,626)		(40,597)		(35,237)
Interest Income		7,056		5,470		2,643
Income before Income Taxes	$	266,020	$	294,825	$	280,497
Depreciation and Amortization:
Beauty + Home	$	83,546	$	79,422	$	84,273
Pharma		51,495		41,143		39,776
Food + Beverage		27,467		24,720		23,891
Corporate & Other		9,239		7,809		6,862
Depreciation and Amortization	$	171,747	$	153,094	$	154,802
Capital Expenditures:
Beauty + Home	$	101,371	$	76,425	$	75,165
Pharma		54,433		33,005		58,970
Food + Beverage		41,236		38,730		21,533
Corporate & Other		25,739		18,924		17,490
Transfer of Corporate Technology Expenditures (5)		(11,527)		(10,460)		(44,172)
Capital Expenditures	$	211,252	$	156,624	$	128,986
Total Assets:
Beauty + Home	$	1,373,816	$	1,358,283	$	1,270,858
Pharma		1,324,696		881,443		831,569
Food + Beverage		501,700		296,271		259,282
Corporate & Other		177,523		601,826		245,076
Total Assets	$	3,377,735	$	3,137,823	$	2,606,785

(1) We evaluate performance of our business units and allocates resources based upon Adjusted EBITDA. Adjusted EBITDA is defined as earnings before net interest, taxes, depreciation, amortization, unallocated corporate expenses, restructuring, acquisition-related costs and insurance recoveries.

(2) Acquisition-related costs include transaction costs and purchase accounting adjustments related to inventory for acquisitions (see Note 20 – Acquisitions for further details).

(3) Restructuring Initiatives includes expense items for the years ended December 31, 2018 and 2017 as follows (see Note 21 – Restructuring Initiatives for further details):

Year Ended December 31,	2018		2017
Restructuring Initiatives by Segment
Beauty + Home	$	52,244	$	529
Pharma		3,589		—
Food + Beverage		4,185		1,679
Corporate & Other		3,811		—
Total Restructuring Initiatives	$	63,829	$	2,208

(4) The gain on insurance recovery relates to the Annecy fire (see Note 19 – Insurance Settlement Receivable for further details).

(5) The transfer of corporate technology expenditures represents amounts of projects managed by corporate for the benefit of specific entities within each segment. Once the projects are complete, all related costs are allocated from corporate to and paid by the appropriate entity and the associated assets are then depreciated at the entity level.

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

	2018		2017		2016
Net Sales to Unaffiliated Customers (1):
United States	$	726,336	$	642,164	$	619,814
Europe:
France		862,364		744,856		695,727
Germany		474,369		416,802		386,553
Italy		144,044		131,523		126,890
Other Europe		146,701		132,992		120,228
Total Europe		1,627,478		1,426,173		1,329,398
Other Foreign Countries		410,947		400,946		381,722
Total	$	2,764,761	$	2,469,283	$	2,330,934
Property, Plant and Equipment
United States	$	265,004	$	182,434	$	175,578
Europe:
France		308,250		266,804		228,082
Germany		154,505		163,948		154,588
Italy		54,978		57,080		51,732
Other Europe		59,411		59,963		54,575
Total Europe		577,144		547,795		488,977
Other Foreign Countries		149,465		137,677		119,766
Total	$	991,613	$	867,906	$	784,321

(1) Sales are attributed to countries based upon where the sales invoice to unaffiliated customers is generated.