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Business Segments And Other Information
12 Months Ended
Dec. 31, 2011
Business Segments And Other Information [Abstract]  
Business Segments And Other Information

Note 16 — Business segments and other information

An operating segment is a component of an enterprise (a) that engages in business activities from which it may earn revenues and incur expenses, (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and to assess its performance, and (c) for which discrete financial information is available. Based on these criteria, the Company has determined that during 2011 it had a single operating segment.

The Company businesses design, manufacture and distribute medical devices primarily used in critical care, surgical applications and cardiac care. Additionally, the Company designs, manufactures and supplies devices and instruments for other medical device manufacturers. Over 90 percent of the Company's net revenues are derived from devices that are considered disposable or single-use. The Company's products are largely sold and distributed to hospitals and healthcare providers and are most widely used in the acute care setting for a range of diagnostic and therapeutic procedures and in general and specialty surgical applications.

The following table provides total net revenues by product group:

 

                         
     2011      2010      2009  
     (Dollars in thousands)  

Net revenues:

                          

Critical Care

   $ 1,004,126       $ 943,368       $ 939,322   

Surgical Care

     277,440         262,684         260,635   

Cardiac Care

     79,961         70,560         70,788   

OEM and Development Services

     166,331         154,205         149,830   

Other

     1,053         2,465         14,310   
    

 

 

    

 

 

    

 

 

 

Total net revenues

   $ 1,528,911       $ 1,433,282       $ 1,434,885   
    

 

 

    

 

 

    

 

 

 

Identifiable assets were $3,916.2 million, $3,635.2 million and $3,830.1 million at December 31, 2011, 2010 and 2009, respectively. Identifiable assets do not include assets held for sale of $7.9 million, $8.0 million and $8.9 million in 2011, 2010 and 2009, respectively.

The following table provides total net revenues and total net property, plant and equipment by geographic region:

 

                         
     2011      2010      2009  
     (Dollars in thousands)  

Net revenues (based on business unit location):

                          

United States

   $ 799,340       $ 785,343       $ 791,127   

Other Americas

     55,228         49,557         46,289   

Germany

     128,072         122,324         141,357   

Other Europe

     403,274         364,617         361,748   

All Other

     142,997         111,441         94,364   
    

 

 

    

 

 

    

 

 

 
     $ 1,528,911       $ 1,433,282       $ 1,434,885   
    

 

 

    

 

 

    

 

 

 

Net property, plant and equipment:

                          

United States

   $ 159,042       $ 165,287       $ 187,880   

Other Americas

     12,492         25,988         26,587   

Germany

     8,549         19,630         21,924   

Other Europe

     53,775         55,848         61,533   

All Other

     18,054         20,952         19,575   
    

 

 

    

 

 

    

 

 

 
     $ 251,912       $ 287,705       $ 317,499   
    

 

 

    

 

 

    

 

 

 

As a result of a reorganization of the Company's internal business unit reporting structure and related internal financial reporting, effective January 1, 2012, the Company is changing from one operating segment to four operating segments and from six reporting units to ten reporting units. The change will include converting the Company's current North America Medical business, which will be one of the four operating segments, from one reporting unit to five reporting units. This change in reporting units requires the Company to allocate the assets and liabilities of North America Medical to the new reporting units, and then allocate goodwill using a relative fair value approach. The goodwill attributable to the North America Medical reporting unit was $973.2 million at December 31, 2011. The Company is currently completing the allocation process, and will perform goodwill impairment tests on these new reporting units in the first quarter of 2012. This could result in impairment charges being recognized for one or more of these new reporting units in the first quarter of 2012, which could be material.