SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2019

SEGMENT INFORMATION

Financial information regarding the Company's reportable segments

Year Ended December 31,	2019		2018		2017
Total Sales:
Beauty + Home	$	1,376,027	$	1,446,231	$	1,333,048
Pharma		1,100,463		955,069		805,913
Food + Beverage		418,017		386,689		352,483
Total Sales	$	2,894,507	$	2,787,989	$	2,491,444
Less: Intersegment Sales:
Beauty + Home	$	23,313	$	19,849	$	19,262
Pharma		9,412		417		33
Food + Beverage		2,050		2,962		2,866
Total Intersegment Sales	$	34,775	$	23,228	$	22,161
Net Sales:
Beauty + Home	$	1,352,714	$	1,426,382	$	1,313,786
Pharma		1,091,051		954,652		805,880
Food + Beverage		415,967		383,727		349,617
Net Sales	$	2,859,732	$	2,764,761	$	2,469,283
Adjusted EBITDA (1):
Beauty + Home	$	181,150	$	185,926	$	173,227
Pharma		387,483		343,706		275,933
Food + Beverage		68,108		57,589		62,903
Corporate & Other, unallocated		(44,406)		(36,285)		(37,457)
Acquisition-related costs (2)		(3,927)		(23,770)		—
Restructuring Initiatives (3)		(20,472)		(63,829)		(2,208)
Gain on insurance recovery (4)		—		—		10,648
Depreciation and amortization (5)		(194,552)		(171,747)		(153,094)
Interest Expense		(35,489)		(32,626)		(40,597)
Interest Income		4,174		7,056		5,470
Income before Income Taxes	$	342,069	$	266,020	$	294,825
Depreciation and Amortization:
Beauty + Home	$	82,778	$	83,546	$	79,422
Pharma		65,590		51,495		41,143
Food + Beverage		35,728		27,467		24,720
Corporate & Other		10,456		9,239		7,809
Depreciation and Amortization	$	194,552	$	171,747	$	153,094
Capital Expenditures:
Beauty + Home	$	96,040	$	101,371	$	76,425
Pharma		89,702		54,433		33,005
Food + Beverage		45,130		41,236		38,730
Corporate & Other		13,933		25,739		18,924
Transfer of Corporate Technology Expenditures (6)		(2,529)		(11,527)		(10,460)
Capital Expenditures	$	242,276	$	211,252	$	156,624
Total Assets:
Beauty + Home	$	1,378,292	$	1,373,816	$	1,358,283
Pharma		1,422,815		1,324,696		881,443
Food + Beverage		534,527		501,700		296,271
Corporate & Other		226,485		177,523		601,826
Total Assets	$	3,562,119	$	3,377,735	$	3,137,823

(1) We evaluate performance of our reporting segments and allocate 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, 2019 and 2018 as follows (see Note 21 – Restructuring Initiatives for further details):

Year Ended December 31,	2019		2018		2017
Restructuring Initiatives by Segment
Beauty + Home	$	17,682	$	52,244	$	529
Pharma		632		3,589		—
Food + Beverage		391		4,185		1,679
Corporate & Other		1,767		3,811		—
Total Restructuring Initiatives	$	20,472	$	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) Depreciation and amortization includes amortization related to acquisition purchase accounting adjustments for backlog.  See the reconciliation of Non-U.S. GAAP measures starting on page 22.

(6) 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.

Restructuring Initiatives

Year Ended December 31,	2019		2018		2017
Restructuring Initiatives by Segment
Beauty + Home	$	17,682	$	52,244	$	529
Pharma		632		3,589		—
Food + Beverage		391		4,185		1,679
Corporate & Other		1,767		3,811		—
Total Restructuring Initiatives	$	20,472	$	63,829	$	2,208

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

	2019		2018		2017
Net Sales to Unaffiliated Customers (1):
United States	$	836,768	$	726,336	$	642,164
Europe:
France		895,110		862,364		744,856
Germany		452,409		474,369		416,802
Italy		141,867		144,044		131,523
Other Europe		149,083		146,701		132,992
Total Europe		1,638,469		1,627,478		1,426,173
Other Foreign Countries		384,495		410,947		400,946
Total	$	2,859,732	$	2,764,761	$	2,469,283
Property, Plant and Equipment
United States	$	300,820	$	265,004	$	182,434
Europe:
France		338,288		308,250		266,804
Germany		163,782		154,505		163,948
Italy		53,562		54,978		57,080
Other Europe		63,636		59,411		59,963
Total Europe		619,268		577,144		547,795
Other Foreign Countries		167,590		149,465		137,677
Total	$	1,087,678	$	991,613	$	867,906

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