10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended April 1, 2012

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             .

Commission file number 1-5353

TELEFLEX INCORPORATED

(Exact name of registrant as specified in its charter)

Delaware	23-1147939
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)
155 South Limerick Road, Limerick, Pennsylvania	19468
(Address of principal executive offices)	(Zip Code)

(610) 948-5100

(Registrant’s telephone number, including area code)

(None)

(Former Name, Former Address and Former Fiscal Year, If Changed Since Last Report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes  ¨    No  x

The registrant had 40,812,152 shares of common stock, $1.00 par value, outstanding as of April 20, 2012.

TELEFLEX INCORPORATED

QUARTERLY REPORT ON FORM 10-Q

FOR THE QUARTER ENDED APRIL 1, 2012

TABLE OF CONTENTS

		Page
PART I — FINANCIAL INFORMATION
Item 1:	Financial Statements (Unaudited):
	Condensed Consolidated Statements of Income for the three months ended April 1, 2012 and March  27, 2011		2
	Condensed Consolidated Statements of Comprehensive Income for the three months ended April 1, 2012 and March 27, 2011		3
	Condensed Consolidated Balance Sheets as of April 1, 2012 and December 31, 2011		4
	Condensed Consolidated Statements of Cash Flows for the three months ended April  1, 2012 and March 27, 2011		5
	Condensed Consolidated Statements of Changes in Equity for the three months ended April 1, 2012 and March 27, 2011		6
	Notes to Condensed Consolidated Financial Statements		7
Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations		25
Item 3:	Quantitative and Qualitative Disclosures About Market Risk		31
Item 4:	Controls and Procedures		31
PART II — OTHER INFORMATION
Item 1:	Legal Proceedings		32
Item 1A:	Risk Factors		32
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds		32
Item 3:	Defaults Upon Senior Securities		32
Item 5:	Other Information		32
Item 6:	Exhibits		33
SIGNATURES			34

1

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars and shares in thousands, except per share)
Net revenues	$	387,757		$	354,004
Cost of goods sold		201,922			189,500
Gross profit		185,835			164,504
Selling, general and administrative expenses		113,378			103,206
Research and development expenses		11,562			11,038
Goodwill impairment		332,128			—
Restructuring and other impairment charges		(838	)		595
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes		(270,395	)		49,665
Interest expense		18,211			16,146
Interest income		(478	)		(105	)
Loss on extinguishments of debt		—			14,597
Income (loss) from continuing operations before taxes		(288,128	)		19,027
Taxes (benefit) on income from continuing operations		(4,019	)		4,915
Income (loss) from continuing operations		(284,109	)		14,112
Operating income from discontinued operations (including gain on disposal of $56,773 in 2011)		946			63,756
Taxes (benefit) on income from discontinued operations		345			(326	)
Income from discontinued operations		601			64,082
Net income (loss)		(283,508	)		78,194
Less: Income from continuing operations attributable to noncontrolling interest		227			223
Income from discontinued operations attributable to noncontrolling interest		—			159
Net income (loss) attributable to common shareholders	$	(283,735	)	$	77,812
Earnings per share available to common shareholders:
Basic:
Income (loss) from continuing operations	$	(6.97	)	$	0.35
Income from discontinued operations		0.01			1.59
Net income (loss)	$	(6.96	)	$	1.94
Diluted:
Income (loss) from continuing operations	$	(6.97	)	$	0.34
Income from discontinued operations		0.01			1.58
Net income (loss)	$	(6.96	)	$	1.92
Dividends per share	$	0.34		$	0.34
Weighted average common shares outstanding:
Basic		40,769			40,057
Diluted		40,769			40,424
Amounts attributable to common shareholders:
Income (loss) from continuing operations, net of tax	$	(284,336	)	$	13,889
Income from discontinued operations, net of tax		601			63,923
Net income (loss)	$	(283,735	)	$	77,812

The accompanying notes are an integral part of the condensed consolidated financial statements.

2

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars and shares in thousands, except per share)
Net income (loss)	$	(283,508	)	$	78,194
Other comprehensive income, net of tax:
Foreign currency:
Foreign currency translation continuing operations adjustments, net of tax ($4,213 – 2012; $2,348 – 2011)		30,683			48,224
Foreign currency translation discontinued operations adjustments		—			2,072
Foreign currency translation divestiture of Marine		—			(33,424	)
Foreign currency translation, net of tax		30,683			16,872
Pension and Other Postretirement Benefits Plans:
Prior service cost recognized in net periodic cost, net of tax ($(2) – 2012; $(2) – 2011)		(3	)		(4	)
Transition obligation recognized in net periodic cost, net of tax ($9 – 2012; $10 – 2011)		15			17
Unamortized gain arising during the period, net of tax ($2,883 – 2011)		—			4,682
Net loss recognized in net periodic cost, net of tax ($605 – 2012; $400 – 2011)		1,105			704
Discontinued operations, net of tax ($(14) – 2011)		—			(37	)
Divestiture of Marine, net of tax ($4,612 – 2011)		—			8,427
Foreign currency translation, net of tax ($(50) – 2012; $(182) – 2011)		(139	)		(483	)
Pension and other postretirement benefits plans adjustment, net of tax		978			13,306
Derivatives qualifying as hedges:
Unrealized gain (loss) on derivatives arising during the period, net of tax ($321 – 2012; $231 – 2011)		693			(161	)
Reclassification adjustment on derivatives included in net income, net of tax ($1,087 – 2012; $1,211 – 2011)		1,767			1,925
Discontinued operations, net of tax ($81 – 2011)		—			142
Derivatives qualifying as hedges, net of tax		2,460			1,906
Other comprehensive income, net of tax		34,121			32,084
Comprehensive income (loss)		(249,387	)		110,278
Less: comprehensive income attributable to noncontrolling interest		305			376
Comprehensive income (loss) attributable to common shareholders	$	(249,692	)	$	109,902

The accompanying notes are an integral part of the condensed consolidated financial statements.

3

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

	April  1, 2012		December  31, 2011
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	590,921	$	584,088
Accounts receivable, net		310,926		286,226
Inventories, net		298,971		298,775
Prepaid expenses and other current assets		36,939		33,405
Prepaid taxes		37,677		28,846
Deferred tax assets		39,312		41,014
Assets held for sale		8,026		7,902
Total current assets		1,322,772		1,280,256
Property, plant and equipment, net		263,415		251,912
Goodwill		1,119,696		1,438,542
Intangible assets, net		871,711		879,787
Investments in affiliates		1,847		2,008
Deferred tax assets		292		278
Other assets		70,153		71,320
Total assets	$	3,649,886	$	3,924,103
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	4,700	$	4,986
Accounts payable		62,330		67,092
Accrued expenses		84,509		78,160
Payroll and benefit-related liabilities		58,367		64,386
Derivative liabilities		1,496		633
Accrued interest		11,618		10,960
Income taxes payable		27,761		21,084
Current liability for uncertain tax positions		23,484		22,656
Deferred tax liabilities		1,081		1,050
Total current liabilities		275,346		271,007
Long-term borrowings		957,360		954,809
Deferred tax liabilities		412,656		420,833
Pension and postretirement benefit liabilities		187,064		194,984
Noncurrent liability for uncertain tax positions		63,037		61,688
Other liabilities		32,577		37,999
Total liabilities		1,928,040		1,941,320
Commitments and contingencies
Total common shareholders’ equity		1,719,346		1,980,588
Noncontrolling interest		2,500		2,195
Total equity		1,721,846		1,982,783
Total liabilities and equity	$	3,649,886	$	3,924,103

The accompanying notes are an integral part of the condensed consolidated financial statements.

4

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in thousands)
Cash Flows from Operating Activities of Continuing Operations:
Net income (loss)	$	(283,508	)	$	78,194
Adjustments to reconcile net income to net cash provided by operating activities:
Income from discontinued operations		(601	)		(64,082	)
Depreciation expense		8,919			10,328
Amortization expense of intangible assets		10,880			11,013
Amortization expense of deferred financing costs and debt discount		3,530			3,300
Loss on extinguishments of debt		—			14,597
Stock-based compensation		1,719			(1,091	)
Goodwill impairment		332,128			—
Deferred income taxes, net		(12,624	)		(1,745	)
Other		(3,877	)		717
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:
Accounts receivable		(18,762	)		(23,142	)
Inventories		2,245			(10,599	)
Prepaid expenses and other current assets		(1,768	)		(489	)
Accounts payable and accrued expenses		(9,652	)		(7,373	)
Income taxes receivable and payable, net		(1,896	)		(2,368	)
Net cash provided by operating activities from continuing operations		26,733			7,260
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(15,029	)		(5,891	)
Proceeds from sales of businesses and assets, net of cash sold		—			101,600
Payments for businesses and intangibles acquired, net of cash acquired		—			(30,570	)
Net cash (used in) provided by investing activities from continuing operations		(15,029	)		65,139
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		—			265,000
Repayment of long-term borrowings		—			(330,800	)
Decrease in notes payable and current borrowings		(286	)		—
Proceeds from stock compensation plans		1,594			6,764
Dividends		(13,866	)		(13,614	)
Debt extinguishment, issuance and amendment fees		—			(14,838	)
Net cash used in financing activities from continuing operations		(12,558	)		(87,488	)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(2,595	)		1,693
Net cash used in investing activities		—			(802	)
Net cash (used in) provided by discontinued operations		(2,595	)		891
Effect of exchange rate changes on cash and cash equivalents		10,282			8,044
Net increase (decrease) in cash and cash equivalents		6,833			(6,154	)
Cash and cash equivalents at the beginning of the period		584,088			208,452
Cash and cash equivalents at the end of the period	$	590,921		$	202,298

The accompanying notes are an integral part of the condensed consolidated financial statements.

5

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(Unaudited)

											Accumulated
					Additional						Other			Treasury
	Common Stock				Paid in			Retained			Comprehensive			Stock						Noncontrolling			Total
	Shares		Dollars		Capital			Earnings			Income			Shares			Dollars			Interest			Equity
	(Dollars and shares in thousands, except per share)
Balance at December 31, 2010		42,245	$	42,245	$	349,156		$	1,578,913		$	(51,880	)		2,250		$	(135,058	)	$	3,902		$	1,787,278
Net income									77,812												382			78,194
Cash dividends ($0.34 per share)									(13,614	)														(13,614	)
Comprehensive income												32,090									(6	)		32,084
Shares issued under compensation plans		155		155		1,512									(54	)		3,255						4,922
Deferred compensation						(39	)								(4	)		163						124
Balance at March 27, 2011		42,400	$	42,400	$	350,629		$	1,643,111		$	(19,790	)		2,192		$	(131,640	)	$	4,278		$	1,888,988

											Accumulated
					Additional						Other			Treasury
	Common Stock				Paid in			Retained			Comprehensive			Stock						Noncontrolling		Total
	Shares		Dollars		Capital			Earnings			Income			Shares			Dollars			Interest		Equity
	(Dollars and shares in thousands, except per share)
Balance at December 31, 2011		42,923	$	42,923	$	380,965		$	1,847,106		$	(159,353	)		2,183		$	(131,053	)	$	2,195	$	1,982,783
Net income (loss)									(283,735	)											227		(283,508	)
Cash dividends ($0.34 per share)									(13,866	)													(13,866	)
Comprehensive income												34,043									78		34,121
Shares issued under compensation plans		33		33		46									(35	)		2,131					2,210
Deferred compensation						(10	)								(4	)		116					106
Balance at April 1, 2012		42,956	$	42,956	$	381,001		$	1,549,505		$	(125,310	)		2,144		$	(128,806	)	$	2,500	$	1,721,846

The accompanying notes are an integral part of the condensed consolidated financial statements.

6

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 1 — Basis of presentation

We prepared the accompanying unaudited condensed consolidated financial statements of Teleflex Incorporated on the same basis as our annual consolidated financial statements.

In the opinion of management, our financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair presentation of financial statements for interim periods in accordance with U.S. generally accepted accounting principles (GAAP) and with Rule 10-01 of SEC Regulation S-X, which sets forth the instructions for financial statements included in Form 10-Q. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our financial statements, as well as the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.

In accordance with applicable accounting standards, the accompanying condensed consolidated financial statements do not include all of the information and footnote disclosures that are required to be included in our annual consolidated financial statements. The year-end condensed balance sheet data was derived from audited financial statements, but, as permitted by Rule 10-01 of SEC Regulation S-X, does not include all disclosures required by GAAP for complete financial statements. Accordingly, our quarterly condensed consolidated financial statements should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2011.

Certain reclassifications of prior year information have been made to conform to the current year’s presentation. As discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011, in the first quarter of 2012, the Company changed its segment reporting from a single reportable segment to four reportable segments. Three of the four reportable segments are geographically based: North America, EMEA (representing the Company’s operations in Europe, the Middle East and Africa) and AJLA (representing Asian and Latin American operations); and the fourth is comprised of the Company’s Original Equipment Manufacturer and Development Services (“OEM”) businesses. See Note 13 for a discussion of the Company’s segments. In addition, in the first quarter of 2012, the Company changed the number of its reporting units. In 2011, the Company had six reporting units comprised of North America, EMEA, OEM and three reporting units in the AJLA segment. In 2012, the Company changed North America from a single reporting unit to five reporting units comprised of Vascular, Anesthesia/Respiratory, Cardiac, Surgical and Specialty. As a result of the change in the reporting unit structure in North America the Company was required to conduct a goodwill impairment test of each of the North American reporting units and determined that the goodwill of three of the reporting units was impaired. As a result, the Company recorded a goodwill impairment charge in the first quarter of 2012 of $332 million. See Note 4 for a discussion of the goodwill impairment.

As used in this report, the terms “we,” “us,” “our,” “Teleflex” and the “Company” mean Teleflex Incorporated and its subsidiaries, unless the context indicates otherwise. The results of operations for the periods reported are not necessarily indicative of those that may be expected for a full year.

Note 2 — New accounting standards

The Company adopted the following new accounting standards as of January 1, 2012, the first day of its 2012 fiscal year:

Amendment to Fair Value Measurement: In May 2011, the FASB revised the fair value measurement and disclosure requirements so that the requirements under GAAP and International Financial Reporting Standards (“IFRS”) are the same. The guidance clarifies the FASB’s intent about the application of existing fair value measurements and requires enhanced disclosures, most significantly related to unobservable inputs used in a fair value measurement that is categorized within Level 3 of the fair value hierarchy. The guidance became effective prospectively during interim and annual periods beginning after December 15, 2011.

Amendment to Comprehensive Income: In June 2011, the FASB amended guidance relating to the presentation requirements of comprehensive income within an entity’s financial statements. Under the guidance, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income in a single continuous statement or in two separate but consecutive statements. The amended guidance eliminates the previously available option of presenting the components of other comprehensive income as part of the statement of changes in equity. In addition, an entity is required to present adjustments on the face of the financial statements for items that are reclassified from other comprehensive income to net income in the statement where the components of net income and the components of other comprehensive income are presented. The amendment became effective for fiscal years beginning after December 15, 2011 and is applied retrospectively, with the exception of the requirement to present reclassification adjustments from other comprehensive income to net income on the face of the financial statements, which has been deferred pending further deliberation by the FASB.

7

Note 3 — Restructuring and other impairment charges

The amounts recognized in restructuring and other impairment charges for the three months ended April 1, 2012 and March 27, 2011 consisted of the following:

	Three Months  Ended April 1, 2012			Three Months  Ended March 27, 2011
	(Dollars in thousands)
2012 restructuring charges	$	605		$	—
2011 restructuring program		488			—
2007 Arrow integration program		(1,931	)		595
Restructuring and other impairment charges	$	(838	)	$	595

2012 Restructuring Charges

During the first quarter of 2012, the Company incurred restructuring charges of $0.6 million related to the termination of certain distributor agreements in Europe.

2011 Restructuring Program

During 2011, the Company initiated a restructuring program at four facilities to consolidate operations and reduce costs. In connection with this program, during the first quarter of 2012, the Company recorded restructuring charges of $0.5 million, including $0.3 million for employee termination benefits for workforce consolidations and $0.2 million for facility closure costs in connection with the program. During the remainder of 2012, the Company expects to incur additional contract termination costs of approximately $2.7 million when it has completely exited a leased facility, approximately $0.9 million for facility closure costs related to other facilities, and $0.5 million for other costs in connection with the program. All of the employee termination benefits, facility closure costs and other costs will be paid in 2012. The payment of the lease contract termination costs will continue until 2015.

2007 Arrow Integration Program

In connection with the Company’s acquisition of Arrow International, Inc. (“Arrow”), the Company implemented a program in 2007 to integrate Arrow’s businesses into the Company’s other businesses. The aspects of this program that affect Teleflex employees and facilities (such aspects being referred to as the “2007 Arrow integration program”) are charged to earnings and classified as restructuring and impairment charges. The following table provides information relating to the charges associated with the 2007 Arrow integration program that were included in restructuring and other impairment charges in the condensed consolidated statements of income for the periods presented:

	Three Months  Ended April 1, 2012			Three Months  Ended March 27, 2011
	(Dollars in thousands)
Termination benefits	$	—		$	7
Facility closure costs		92			150
Contract termination costs		(2,023	)		438
	$	(1,931	)	$	595

No impairment charges were recognized during the three month periods ended April 1, 2012 and March 27, 2011.

8

The following table provides information relating to changes in the accrued liability associated with the 2007 Arrow integration program during the three months ended April 1, 2012:

	Balance at December 31, 2011		Subsequent Accruals			Payments			Translation		Balance at April  1, 2012
	(Dollars in thousands)
Termination benefits	$	320	$	—		$	(3	)	$	8	$	325
Facility closure costs		—		92			(92	)		—		—
Contract termination costs		2,133		(2,023	)		(30	)		167		247
Other restructuring costs		21		—			—			1		22
	$	2,474	$	(1,931	)	$	(125	)	$	176	$	594

The reduction in accrual from contract termination costs relates to a revised estimate for the settlement of a dispute involving the termination of a European distributor agreement that was established in connection with the acquisition of Arrow in 2007.

As of April 1, 2012, the Company expects future restructuring expenses associated with the 2007 Arrow integration program, if any, to be nominal.

Note 4 — Impairment of goodwill

As we disclosed in our Form 10-K for the year ended December 31, 2011, we have changed our internal business unit reporting structure and related internal financial reporting effective January 1, 2012 and changed from six reporting units to ten reporting units. The change included converting our current North America business, which is one of the four operating segments, from one reporting unit into five reporting units. As a result, we allocated the assets and liabilities of the North America segment to the new reporting units based on the operating activities of the new reporting units, and then allocated goodwill among the reporting units using a relative fair value approach as required by ASC 350. The fair value of each reporting unit was determined by a weighted combination of (i) estimation of the discounted cash flows of each of the reporting units based on projected earnings in the future (the income approach) and (ii) analysis of sales of similar assets in actual transactions (the market approach).

Following this allocation, we were required to perform goodwill impairment tests on these new reporting units in the first quarter of 2012. As a result of these tests, we determined that three of the reporting units in the North America operating segment were impaired, and we recorded goodwill impairment charges of $220 million in the Vascular reporting unit, $107 million in the Anesthesia/Respiratory reporting unit and $5 million in the Cardiac reporting unit in the first quarter of 2012.

Note 5 — Inventories

Inventories as of April 1, 2012 and December 31, 2011 consisted of the following:

	April  1, 2012			December  31, 2011
	(Dollars in thousands)
Raw materials	$	88,770		$	87,621
Work-in-process		47,939			45,486
Finished goods		194,934			198,587
		331,643			331,694
Less: Inventory reserve		(32,672	)		(32,919	)
Inventories	$	298,971		$	298,775

9

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Note 6 — Goodwill and other intangible assets

In the first quarter of 2012, the Company has changed its reporting structure to four reportable segments, three of which are geographically-based and one of which is comprised of the Company’s OEM business. See Note 13, “Business segment information” for additional information on the Company’s new reporting structure.

The following table provides information relating to changes in the carrying amount of goodwill, by reporting segment, for the three months ended April 1, 2012:

	North America Segment			EMEA Segment			AJLA Segment		OEM Segment		Total
	(Dollars in thousands)
Balance as of December 31, 2011
Goodwill	$	973,517		$	283,362		$	153,487	$	28,176	$	1,438,542
Accumulated impairment losses		—			—			—		—		—
		973,517			283,362			153,487		28,176		1,438,542
Goodwill impairment charges		(332,128	)		—			—		—		(332,128	)
Translation adjustment		16			8,441			4,825		—		13,282
Transfer of goodwill		679			(679	)		—		—		—
Balance as of April 1, 2012
Goodwill		974,212			291,124			158,312		28,176		1,451,824
Accumulated impairment losses		(332,128	)		—			—		—		(332,128	)
	$	642,084		$	291,124		$	158,312	$	28,176	$	1,119,696

See Note 4 for discussion on the goodwill impairment charges.

The following table provides information, as of April 1, 2012 and December 31, 2011, regarding the gross carrying amount of, and accumulated amortization relating to, intangible assets:

	Gross Carrying Amount				Accumulated Amortization
	April 1, 2012		December 31, 2011		April 1, 2012			December 31, 2011
	(Dollars in thousands)
Customer lists	$	539,013	$	537,094	$	(123,923	)	$	(117,505	)
Intellectual property		221,803		221,171		(90,284	)		(85,402	)
Distribution rights		16,798		16,669		(13,736	)		(13,484	)
Trade names		323,314		322,404		(1,274	)		(1,160	)
	$	1,100,928	$	1,097,338	$	(229,217	)	$	(217,551	)

Amortization expense related to intangible assets was approximately $10.9 million and $11.0 million for the three months ended April 1, 2012 and March 27, 2011, respectively. Estimated annual amortization expense for the remainder of 2012 and the next four succeeding fiscal years is as follows (dollars in thousands):

2012	$	32,500
2013		41,700
2014		37,700
2015		31,500
2016		31,500

Note 7 — Financial instruments

The Company uses derivative instruments for risk management purposes. Forward rate contracts are used to manage foreign currency transaction exposure. These derivative instruments are designated as cash flow hedges and are recorded on the balance sheet at fair market value. The effective portion of the gains or losses on derivatives is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivatives representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. See Note 8, “Fair value measurement” for additional information.

10

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

The following table presents the location and fair values of derivative instruments designated as hedging instruments in the condensed consolidated balance sheet as of April 1, 2012 and December 31, 2011:

	April 1, 2012 Fair Value		December 31, 2011 Fair Value
	(Dollars in thousands)
Asset derivatives:
Foreign exchange contracts:
Other assets – current	$	1,432	$	204
Total asset derivatives	$	1,432	$	204
Liability derivatives:
Foreign exchange contracts:
Derivative liabilities – current	$	1,496	$	633
Total liability derivatives	$	1,496	$	633

The following table provides information as to the gains and losses attributable to derivatives in cash flow hedging relationships that were reported in other comprehensive income (“OCI”), and the location and amount of gains and losses attributable to such derivatives that were reclassified from accumulated other comprehensive income (“AOCI”) in the condensed consolidated statement of income for the three months ended April 1, 2012 and March 27, 2011:

	After Tax Gain/(Loss) Recognized in OCI
	April 1, 2012		March 27, 2011
	(Dollars in thousands)
Interest rate contracts	$	2,386	$	1,657
Foreign exchange contracts		74		249
Total	$	2,460	$	1,906

	Pre-Tax (Gain)/Loss Reclassified from AOCI into Income
	April 1, 2012			March 27, 2011
	(Dollars in thousands)
Interest rate contracts:
Interest expense	$	3,751		$	3,720
Foreign exchange contracts
Cost of goods sold		(897	)		(584	)
Income from discontinued operations		—			(435	)
Total	$	2,854		$	2,701

For the three months ended April 1, 2012 and March 27, 2011, there was no ineffectiveness related to the Company’s derivatives.

In 2011, the Company terminated its interest rate swap covering a notional amount of $350 million designated as a hedge against the variability of the cash flows in the interest payments under the term loan. At April 1, 2012, the Company had $4.6 million, net of tax, recorded in AOCI associated with this interest rate swap, which will be amortized as interest expense over the remaining life of the original term of the hedged obligation, which expires in September 2012.

Based on interest rates and exchange rates at April 1, 2012, approximately $4.8 million of unrealized losses, net of tax, within AOCI are expected to be reclassified from AOCI during the next twelve months. However, the actual amount reclassified from AOCI could vary due to future changes in exchange rates.

11

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Note 8 — Fair value measurement

For a description of the fair value hierarchy, see Note 10 to the Company’s 2011 consolidated financial statements included in its annual report on Form 10-K for the year ended December 31, 2011.

The following tables provide information regarding the financial assets and liabilities carried at fair value measured on a recurring basis as of April 1, 2012 and March 27, 2011:

	Total carrying value at April 1, 2012		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Cash and cash equivalents	$	10,001	$	10,001	$	—	$	—
Investments in marketable securities		4,654		4,654		—		—
Derivative assets		1,432		—		1,432		—
Derivative liabilities		1,496		—		1,496		—
Contingent consideration liabilities		9,018		—		—		9,018

	Total carrying value at March 27, 2011		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Bonds foreign government	$	7,575	$	7,575	$	—	$	—
Investments in marketable securities		4,269		4,269		—		—
Derivative assets		901		—		901		—
Derivative liabilities		21,732		—		21,732		—
Contingent consideration liabilities		9,400		—		—		9,400

The following table provides information regarding changes in Level 3 financial liabilities during the periods ended April 1, 2012 and March 27, 2011:

	Contingent consideration
	2012			2011
	(Dollars in thousands)
Beginning balance	$	9,676		$	—
Initial estimate of contingent consideration		—			15,400
Payment		—			(6,000	)
Revaluations		(658	)		—
Ending balance	$	9,018		$	9,400

The carrying amount of long-term debt reported in the condensed consolidated balance sheet as of April 1, 2012 is $957.4 million. Using a discounted cash flow technique that incorporates a market interest yield curve with adjustments for duration, optionality, and risk profile, the Company has determined the fair value of its debt to be $1,110.7 million at April 1, 2012. The Company’s implied credit rating is a factor in determining the market interest yield curve.

During the first quarter of 2012, the Company recorded a goodwill impairment charge based on Level 3 inputs. See note 4 for a discussion of the goodwill impairment.

Valuation Techniques

The Company’s cash and cash equivalents valued based upon Level 1 inputs are comprised of overnight investments in money market funds. The funds invest in obligations of the U.S. Treasury, including Treasury bills, bonds and notes. The funds seek to maintain a net asset value of $1.00 per share. The remainder of the Company’s cash and cash equivalents at April 1, 2012 is held in bank deposits.

The Company’s financial assets valued based upon Level 1 inputs are comprised of investments in marketable securities held in trust, which are available to pay benefits under certain deferred compensation plans and other compensatory arrangements. The investment assets of the trust are valued using quoted market prices.

The Company’s financial assets valued based upon Level 2 inputs are comprised of foreign currency forward contracts. The Company’s financial liabilities valued based upon Level 2 inputs are comprised of an interest rate swap contract and foreign currency forward contracts. The Company uses forward rate contracts to manage currency transaction exposure and interest rate swaps to manage exposure to interest rate changes. The fair value of the foreign currency forward exchange contracts represents the amount required to enter into offsetting contracts with similar remaining maturities based on quoted market prices. The fair value of the

12

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

interest rate swap contract is developed from market-based inputs under the income approach using cash flows discounted at relevant market interest rates. The Company has taken into account the creditworthiness of the counterparties in measuring fair value. The decrease in the Company’s derivative liabilities in 2012 is due to the termination of an interest rate swap agreement. See Note 7, “Financial instruments” for additional information.

The Company’s financial liabilities valued based upon Level 3 inputs are comprised of contingent consideration pertaining to the VasoNova acquisition. The fair value of the contingent consideration is determined using a weighted probability of potential payment scenarios discounted at rates reflective of the Company’s credit rating and expected return on the VasoNova business. The assumptions used to develop the estimated amount recognized for the contingent consideration arrangement are updated each reporting period. As of April 1, 2012, the Company has recorded approximately $8.9 million of contingent consideration in other current liabilities. The Company expects to pay a portion of this amount in the second quarter of 2012 and the remainder in the first quarter of 2013.

Note 9 — Changes in shareholders’ equity

In 2007, the Company’s Board of Directors authorized the repurchase of up to $300 million of outstanding Company common stock. Repurchases of Company stock under the Board authorization may be made from time to time in the open market and may include privately-negotiated transactions as market conditions warrant and subject to regulatory considerations. The stock repurchase program has no expiration date and the Company’s ability to execute on the program will depend on, among other factors, cash requirements for acquisitions, cash generation from operations, debt repayment obligations, market conditions and regulatory requirements. In addition, under the Company’s senior credit agreements, the Company is subject to certain restrictions relating to its ability to repurchase shares in the event the Company’s consolidated leverage ratio exceeds certain levels, which may limit the Company’s ability to repurchase shares under this Board authorization. Through April 1, 2012, no shares have been purchased under this Board authorization.

The following table provides a reconciliation of basic to diluted weighted average shares outstanding:

	Three Months Ended
	April 1, 2012		March 27, 2011
	(Shares in thousands)
Basic		40,769		40,057
Dilutive shares assumed issued		—		367
Diluted		40,769		40,424

Weighted average stock options that were antidilutive and therefore not included in the calculation of earnings per share were approximately 8,937 thousand and 9,036 thousand for the three months ended April 1, 2012 and March 27, 2011, respectively.

The following tables provide information relating to the changes in accumulated other comprehensive income (loss), net of tax, for the three months ended April 1, 2012 and March 27, 2011:

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income
	(Dollars in thousands)
Balance at December 31, 2011	$	(7,257	)	$	(134,548	)	$	(17,548	)	$	(159,353	)
Current-period other comprehensive income		2,460			978			30,605			34,043
Balance at April 1, 2012	$	(4,797	)	$	(133,570	)	$	13,057		$	(125,310	)

13

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income
	(Dollars in thousands)
Balance at December 31, 2010	$	(15,262	)	$	(95,746	)	$	59,128		$	(51,880	)
Current-period other comprehensive income		1,764			4,916			48,230			54,910
Divestiture of Marine		—			8,427			(33,424	)		(24,997	)
Discontinued operations		142			(37	)		2,072			2,177
Balance at March 27, 2011	$	(13,356	)	$	(82,440	)	$	76,006		$	(19,790	)

Note 10 — Taxes on income from continuing operations

	Three Months Ended
	April 1, 2012			March 27, 2011
Effective income tax rate		1.4	%		25.8	%

The effective income tax rate for the three months ended April 1, 2012 was 1.4% compared to 25.8% for the three months ended March 27, 2011. The Company recorded a $332 million goodwill impairment charge in the quarter for which only $45 million of the goodwill was tax deductible. Accordingly, the principal driver for the lower tax rate for the three months ended April 1, 2012 is the Company’s inability to realize the full benefit of this charge. In addition, the three months ended March 27, 2011 reflects a beneficial discrete charge for losses on extinguishments of debt during the first quarter of 2011.

Note 11 — Pension and other postretirement benefits

The Company has a number of defined benefit pension and postretirement plans covering eligible U.S. and non-U.S. employees. The defined benefit pension plans are noncontributory. The benefits under these plans are based primarily on years of service and employees’ pay near retirement. The Company’s funding policy for U.S. plans is to contribute annually, at a minimum, amounts required by applicable laws and regulations. Obligations under non-U.S. plans are systematically provided for by depositing funds with trustees or by book reserves. In 2008 the Company amended the Teleflex Retirement Income Plan (“TRIP”) to cease future benefit accruals for all employees, other than those subject to a collective bargaining agreement and amended its Supplemental Executive Retirement Plans (“SERP”) for all executives to cease future benefit accruals for both employees and executives as of December 31, 2008. The Company replaced the non-qualified defined benefits provided under the SERP with a non-qualified defined contribution arrangement under the Company’s Deferred Compensation Plan, effective January 1, 2009. In addition, in 2008, the Company’s postretirement benefit plans were amended to eliminate future benefits for employees, other than those subject to a collective bargaining agreement, who had not attained age 50 and whose age plus service was less than 65.

The Company and certain of its subsidiaries provide medical, dental and life insurance benefits to pensioners and survivors. The associated plans are unfunded and approved claims are paid from Company funds.

Net benefit cost of pension and postretirement benefit plans consisted of the following:

	Pension Three Months Ended						Other Postretirement  Benefits Three Months Ended
	April 1, 2012			March 27, 2011			April 1, 2012		March 27, 2011
	(Dollars in thousands)
Service cost	$	678		$	579		$	158	$	198
Interest cost		4,126			4,244			473		550
Expected return on plan assets		(5,043	)		(4,901	)		—		—
Net amortization and deferral		1,606			1,056			123		70
Net benefit cost	$	1,367		$	978		$	754	$	818

The increase in net amortization expense for the pension and postretirement benefit plans reflects the loss in actuarial changes in benefit obligation recorded at December 31, 2011.

The Company is required to make minimum pension contributions totaling $19.5 million during 2012, of which $7.9 million were made during the three months ended April 1, 2012.

14

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Note 12 — Commitments and contingent liabilities

Product warranty liability: The Company warrants to the original purchasers of certain of its products that it will, at its option, repair or replace such products, without charge, if they fail due to a manufacturing defect. Warranty periods vary by product. The Company has recourse provisions for certain products that would enable recovery from third parties for amounts paid under the warranty. The Company accrues for product warranties when, based on available information, it is probable that customers will make claims under warranties relating to products that have been sold, and a reasonable estimate of the costs (based on historical claims experience relative to sales) can be made. The following table provides information regarding changes in the Company’s product warranty liability accruals for the three months ended April 1, 2012 (dollars in thousands):

Balance – December 31, 2011	$	7,935
Accruals for warranties issued in 2012		22
Settlements (cash and in kind)		(15	)
Accruals related to pre-existing warranties (a)		(1,252	)
Balance – April 1, 2012	$	6,690

(a) Including those related to divested businesses. See Note 15, “Divestiture-related activities” for additional information.

Operating leases: The Company uses various leased facilities and equipment in its operations. The terms for these leased assets vary depending on the lease agreement. In connection with these operating leases, the Company had residual value guarantees in the amount of approximately $1.9 million at April 1, 2012. The Company’s future payments under the operating leases cannot exceed the minimum rent obligation plus the residual value guarantee amount. The residual value guarantee amounts are based upon the unamortized lease values of the assets under lease, and are payable by the Company if the Company declines to renew the leases or to exercise its purchase option with respect to the leased assets. At April 1, 2012, the Company had no liabilities recorded for these obligations. Any residual value guarantee amounts paid to the lessor may be recovered by the Company from the sale of the assets to a third party.

Environmental: The Company is subject to contingencies as a result of environmental laws and regulations that in the future may require the Company to take further action to correct the effects on the environment of prior disposal practices or releases of chemical or petroleum substances by the Company or other parties. Much of this liability results from the U.S. Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”), often referred to as Superfund, the U.S. Resource Conservation and Recovery Act (“RCRA”) and similar state laws. These laws require the Company to undertake certain investigative and remedial activities at sites where the Company conducts or once conducted operations or at sites where Company-generated waste was disposed.

Remediation activities vary substantially in duration and cost from site to site. These activities, and their associated costs, depend on the mix of unique site characteristics, evolving remediation technologies, diverse regulatory agencies and enforcement policies, as well as the presence or absence of other potentially responsible parties. At April 1, 2012, the Company’s condensed consolidated balance sheet included an accrued liability of approximately $9.0 million relating to these matters. Considerable uncertainty exists with respect to these costs and, if adverse changes in circumstances occur, potential liability may exceed the amount accrued as of April 1, 2012. The time frame over which the accrued amounts may be paid out, based on past history, is estimated to be 15-20 years.

Litigation: The Company is a party to various lawsuits and claims arising in the normal course of business. These lawsuits and claims include actions involving product liability, intellectual property, employment and environmental matters. Based on information currently available, advice of counsel, established reserves and other resources, the Company does not believe that any such actions are likely to be, individually or in the aggregate, material to its business, financial condition, results of operations or liquidity. However, litigation is subject to many uncertainties, and the outcome of litigation is not predictable with assurance. An adverse outcome in current or future litigation could have a material adverse effect on the Company’s business, financial condition, results of operations or liquidity. Legal costs such as outside counsel fees and expenses are charged to expense in the period incurred.

Tax audits and examinations: The Company and its subsidiaries are routinely subject to tax examinations by various taxing authorities. As of April 1, 2012, the most significant tax examinations in process are in Canada, Czech Republic, Germany, France and Italy. In conjunction with these examinations and as a regular and routine practice, the Company may determine a need to establish certain reserves or to adjust existing reserves with respect to uncertain tax positions. Accordingly, developments occurring with respect to these examinations, including resolution of uncertain tax positions, could result in increases or decreases to our recorded tax liabilities, which could impact our financial results.

Other: The Company has various purchase commitments for materials, supplies and items of permanent investment incident to the ordinary conduct of business. On average, such commitments are not at prices in excess of current market.

15

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Note 13 — Business segment information

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 changed its segment reporting from a single operating segment to four operating segments.

An operating segment is a component of the Company (a) that engages in business activities from which it may earn revenues and incur expenses, (b) whose operating results are regularly reviewed by the Company’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 identified that it has four operating segments, which also represent its four reportable segments.

Three of the four reportable segments are geographically based; North America, EMEA (representing the Company’s operations in Europe, the Middle East and Africa) and AJLA (representing the Company’s Asian and Latin American operations). The fourth reportable segment is OEM.

The Company’s geographically based segments design, manufacture and distribute medical devices primarily used in critical care, surgical applications and cardiac care and generally serve two end markets; hospitals and healthcare providers, and home health. The products of the geographically based segments 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 Company’s OEM Segment designs, manufactures and supplies devices and instruments for other medical device manufacturers.

The following tables present the Company’s segment results for the three months ended April 1, 2012 and March 27, 2011:

	Three Months Ended April 1, 2012
Segment Results	North America		EMEA		AJLA		OEM		Totals
	(Dollars in thousands)
Segment net revenues from external customers	$	167,308	$	134,600	$	46,988	$	38,861	$	387,757
Segment depreciation and amortization		15,313		5,149		1,250		1,617		23,329
Segment operating profit(1)		22,790		21,578		11,192		5,335		60,895
Segment assets		1,689,959		815,566		253,703		89,712		2,848,940
Segment expenditures for property, plant and equipment		3,839		2,695		7		4,900		11,441
Intersegment revenues		39,564		17,719		248		1,863

	Three Months Ended March 27, 2011
Segment Results	North America		EMEA		AJLA		OEM		Totals
	(Dollars in thousands)
Segment net revenues from external customers	$	152,724	$	125,450	$	42,033	$	33,797	$	354,004
Segment depreciation and amortization		16,431		5,282		1,316		1,612		24,641
Segment operating profit(1)		20,270		16,864		9,775		3,351		50,260
Segment assets		2,051,084		828,744		235,488		81,966		3,197,282
Segment expenditures for property, plant and equipment		3,420		1,415		49		943		5,827
Intersegment revenues		34,225		14,296		83		1,631

(1) Segment operating profit includes a segment’s net revenues from external customers reduced by its cost of goods sold, selling, general and administrative expenses, and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense, loss on extinguishment of debt and taxes on income.

16

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

The following tables present reconciliations of segment results to the Company’s condensed consolidated results for the three months ended April 1, 2012 and March 27, 2011:

		0000000			0000000
Reconciliation of Segment Operating Profit to Income from Continuing Operations Before Interest, Loss on Extinguishments of Debt and Taxes	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in thousands)
Segment operating profit	$	60,895		$	50,260
Goodwill impairment		332,128			—
Restructuring and other impairment charges		(838	)		595
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	$	(270,395	)	$	49,665

Reconciliation of Segment Assets to Condensed Consolidated Total Assets	April 1, 2012		March 27, 2011
	(Dollars in thousands)
Segment assets	$	2,848,940	$	3,197,282
Corporate assets (1)		792,920		371,285
Assets of businesses divested (2)		—		101,873
Assets held for sale		8,026		8,363
Total assets	$	3,649,886	$	3,678,803

(1) Increase in corporate assets from the prior period reflects higher cash balances as a result of sale of businesses at the end of 2011.

(2) Includes $31.8 million of assets previously reported as assets held for sale in 2011.

Reconciliation of Segment Expenditures for Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plan and Equipment	Three Months Ended
	April 1, 2012		March 27, 2011
	(Dollars in thousands)
Segment expenditures for property, plant and equipment	$	11,441	$	5,827
Corporate expenditures for property, plant and equipment		3,588		64
Total expenditures for property, plant and equipment	$	15,029	$	5,891

Note 14 — Condensed consolidated guarantor financial information

In June 2011, Teleflex Incorporated (referred to below as “Parent Company”) issued $250 million of 6.875% senior subordinated notes through a registered public offering. The notes are guaranteed, jointly and severally, by certain of the Parent Company’s subsidiaries (each, a “Guarantor Subsidiary” and collectively, the “Guarantor Subsidiaries”). The guarantees are full and unconditional, subject to certain customary release provisions. Each Guarantor Subsidiary is 100% owned by the Parent Company. The Company’s condensed consolidating statements of income and condensed consolidating statements of cash flows for the three month periods ended April 1, 2012 and March 27, 2011 and condensed consolidating balance sheets as of April 1, 2012 and December 31, 2011, each of which are set forth below, provide consolidating information for:

a. Parent Company, the issuer of the guaranteed obligations;

b. Guarantor Subsidiaries, on a combined basis;

c. Non-guarantor subsidiaries, on a combined basis; and

d. Parent Company and its subsidiaries on a consolidated basis.

The same accounting policies as described in the consolidated financial statements are used by each entity in the condensed consolidating financial information, except for the use by the Parent Company and Guarantor Subsidiaries of the equity method of accounting to reflect ownership interests in subsidiaries which are eliminated upon consolidation.

Consolidating entries and eliminations in the following consolidating financial statements represent adjustments to (a) eliminate intercompany transactions between or among the Parent Company, the Guarantor Subsidiaries and the Non-guarantor subsidiaries, (b) eliminate the investments in subsidiaries and (c) record consolidating entries.

17

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

	Three Months Ended April 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
		(Dollars in thousands)
Net revenues	$	—		$	245,687		$	204,921		$	(62,851	)	$	387,757
Cost of goods sold		—			147,525			115,287			(60,890	)		201,922
Gross profit		—			98,162			89,634			(1,961	)		185,835
Selling, general and administrative expenses		15,582			63,168			34,971			(343	)		113,378
Research and development expenses		—			9,916			1,646			—			11,562
Goodwill impairment		—			331,779			349			—			332,128
Restructuring and other impairment charges		—			(1,443	)		605			—			(838	)
Income (loss) from continuing operations before interest and taxes		(15,582	)		(305,258	)		52,063			(1,618	)		(270,395	)
Interest expense		36,749			(20,451	)		1,913			—			18,211
Interest income		(125	)		(8	)		(345	)		—			(478	)
Income (loss) from continuing operations before taxes		(52,206	)		(284,799	)		50,495			(1,618	)		(288,128	)
Taxes (benefit) on income from continuing operations		(17,921	)		287			13,897			(282	)		(4,019	)
Equity in net income of consolidated subsidiaries		(250,051	)		30,996			—			219,055			—
Income (loss) from continuing operations		(284,336	)		(254,090	)		36,598			217,719			(284,109	)
Operating income from discontinued operations		946			—			—			—			946
Taxes on income from discontinued operations		345			—			—			—			345
Income from discontinued operations		601			—			—			—			601
Net income (loss)		(283,735	)		(254,090	)		36,598			217,719			(283,508	)
Less: Income from continuing operations attributable to noncontrolling interests		—			—			227			—			227
Net income (loss) attributable to common shareholders	$	(283,735	)	$	(254,090	)	$	36,371		$	217,719		$	(283,735	)

18

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

	Three Months Ended March 27, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	226,826		$	181,858		$	(54,680	)	$	354,004
Cost of goods sold		—			137,422			106,534			(54,456	)		189,500
Gross profit		—			89,404			75,324			(224	)		164,504
Selling, general and administrative expenses		9,389			59,465			33,696			656			103,206
Research and development expenses		—			9,384			1,654			—			11,038
Restructuring and other impairment charges		—			588			7			—			595
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes		(9,389	)		19,967			39,967			(880	)		49,665
Interest expense		31,084			(15,013	)		75			—			16,146
Interest income		(2	)		(23	)		(80	)		—			(105	)
Loss on extinguishments of debt		14,597			—			—			—			14,597
Income (loss) from continuing operations before taxes		(55,068	)		35,003			39,972			(880	)		19,027
Taxes (benefit) on income from continuing operations		(19,067	)		13,861			11,475			(1,354	)		4,915
Equity in net income of consolidated subsidiaries		135,081			73,039			—			(208,120	)		—
Income from continuing operations		99,080			94,181			28,497			(207,646	)		14,112
Operating (loss) income from discontinued operations		(37,944	)		39,411			62,289			—			63,756
Taxes (benefit) on income from discontinued operations		(16,676	)		6,331			10,019			—			(326	)
Income (loss) from discontinued operations		(21,268	)		33,080			52,270			—			64,082
Net income		77,812			127,261			80,767			(207,646	)		78,194
Less: Income from continuing operations attributable to noncontrolling interests		—			—			223			—			223
Less: Income from discontinued operations attributable to noncontrolling interest		—			—			159			—			159
Net income attributable to common shareholders	$	77,812		$	127,261		$	80,385		$	(207,646	)	$	77,812

19

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

					April 1, 2012
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	94,646	$	—	$	496,275	$	—		$	590,921
Accounts receivable, net		555		303,839		494,396		(487,864	)		310,926
Inventories, net		—		194,630		115,861		(11,520	)		298,971
Prepaid expenses and other current assets		7,600		4,294		25,045		—			36,939
Prepaid taxes		27,510		—		10,167		—			37,677
Deferred tax assets		7,300		26,269		6,163		(420	)		39,312
Assets held for sale		—		2,738		5,288		—			8,026
Total current assets		137,611		531,770		1,153,195		(499,804	)		1,322,772
Property, plant and equipment, net		11,460		151,221		100,734		—			263,415
Goodwill		—		670,260		449,436		—			1,119,696
Intangibles assets, net		—		702,768		168,943		—			871,711
Investments in affiliates		5,019,605		983,656		20,292		(6,021,706	)		1,847
Deferred tax assets		64,488		—		2,008		(66,204	)		292
Other assets		41,467		2,567,079		173,760		(2,712,153	)		70,153
Total assets	$	5,274,631	$	5,606,754	$	2,068,368	$	(9,299,867	)	$	3,649,886
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		75,815		382,174		95,283		(490,942	)		62,330
Accrued expenses		22,798		26,693		35,018		—			84,509
Payroll and benefit-related liabilities		23,690		8,280		26,397		—			58,367
Derivative liabilities		1,496		—		—		—			1,496
Accrued interest		11,612		—		6		—			11,618
Income taxes payable		—		—		27,761		—			27,761
Current liability for uncertain tax positions		—		—		23,484		—			23,484
Deferred tax liabilities		—		—		1,501		(420	)		1,081
Total current liabilities		135,411		417,147		214,150		(491,362	)		275,346
Long-term borrowings		957,360		—		—		—			957,360
Deferred tax liabilities		—		417,424		61,436		(66,204	)		412,656
Pension and other postretirement benefit liabilities		137,539		33,907		15,618		—			187,064
Noncurrent liability for uncertain tax positions		13,288		18,281		31,468		—			63,037
Other liabilities		2,311,687		183		435,352		(2,714,645	)		32,577
Total liabilities		3,555,285		886,942		758,024		(3,272,211	)		1,928,040
Total common shareholders’ equity		1,719,346		4,719,812		1,307,844		(6,027,656	)		1,719,346
Noncontrolling interest		—		—		2,500		—			2,500
Total equity		1,719,346		4,719,812		1,310,344		(6,027,656	)		1,721,846
Total liabilities and equity	$	5,274,631	$	5,606,754	$	2,068,368	$	(9,299,867	)	$	3,649,886

20

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

	December 31, 2011
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	114,531	$	—	$	469,557	$	—		$	584,088
Accounts receivable, net		269		304,813		464,834		(483,690	)		286,226
Inventories, net		—		201,147		107,188		(9,560	)		298,775
Prepaid expenses and other current assets		7,203		3,675		22,527		—			33,405
Prepaid taxes		24,006		—		4,869		(29	)		28,846
Deferred tax assets		8,659		26,886		5,883		(414	)		41,014
Assets held for sale		—		2,738		5,164		—			7,902
Total current assets		154,668		539,259		1,080,022		(493,693	)		1,280,256
Property, plant and equipment, net		8,208		149,300		94,404		—			251,912
Goodwill		—		1,001,353		437,189		—			1,438,542
Intangibles assets, net		—		711,962		167,825		—			879,787
Investments in affiliates		5,245,520		922,208		20,327		(6,186,047	)		2,008
Deferred tax assets		65,400		—		2,387		(67,509	)		278
Other assets		42,183		2,534,124		164,662		(2,669,649	)		71,320
Total assets	$	5,515,979	$	5,858,206	$	1,966,816	$	(9,416,898	)	$	3,924,103
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,986	$	—		$	4,986
Accounts payable		101,907		387,612		64,694		(487,121	)		67,092
Accrued expenses		23,208		25,407		29,545		—			78,160
Payroll and benefit-related liabilities		24,031		13,867		26,488		—			64,386
Derivative liabilities		633		—		—		—			633
Accrued interest		10,948		—		12		—			10,960
Income taxes payable		—		—		21,113		(29	)		21,084
Current liability for uncertain tax positions		—		—		22,656		—			22,656
Deferred tax liabilities		—		—		1,465		(415	)		1,050
Total current liabilities		160,727		426,886		170,959		(487,565	)		271,007
Long-term borrowings		954,809		—		—		—			954,809
Deferred tax liabilities		—		433,078		55,264		(67,509	)		420,833
Pension and other postretirement benefit liabilities		145,533		34,034		15,417		—			194,984
Noncurrent liability for uncertain tax positions		12,678		18,437		30,573		—			61,688
Other liabilities		2,261,644		5,749		442,464		(2,671,858	)		37,999
Total liabilities		3,535,391		918,184		714,677		(3,226,932	)		1,941,320
Total common shareholders’ equity		1,980,588		4,940,022		1,249,944		(6,189,966	)		1,980,588
Noncontrolling interest		—		—		2,195		—			2,195
Total equity		1,980,588		4,940,022		1,252,139		(6,189,966	)		1,982,783
Total liabilities and equity	$	5,515,979	$	5,858,206	$	1,966,816	$	(9,416,898	)	$	3,924,103

21

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

	Three Months Ended April 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(44,812	)	$	72,411		$	(866	)	$	26,733
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(3,588	)		(7,637	)		(3,804	)		(15,029	)
Net cash used in investing activities from continuing operations		(3,588	)		(7,637	)		(3,804	)		(15,029	)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		—			—			(286	)		(286	)
Proceeds from stock compensation plans		1,594			—			—			1,594
Dividends		(13,866	)		—			—			(13,866	)
Intercompany transactions		43,382			(64,774	)		21,392			—
Net cash provided by (used in) financing activities from continuing operations		31,110			(64,774	)		21,106			(12,558	)
Cash Flows from Discontinued Operations:
Net cash used in operating activities		(2,595	)		—			—			(2,595	)
Net cash used in discontinued operations		(2,595	)		—			—			(2,595	)
Effect of exchange rate changes on cash and cash equivalents		—			—			10,282			10,282
Net (decrease) increase in cash and cash equivalents		(19,885	)		—			26,718			6,833
Cash and cash equivalents at the beginning of the period		114,531			—			469,557			584,088
Cash and cash equivalents at the end of the period	$	94,646		$	—		$	496,275		$	590,921

22

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

	Three Months Ended March 27, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(63,122	)	$	48,509		$	21,873		$	7,260
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(64	)		(4,110	)		(1,717	)		(5,891	)
Proceeds from sales of businesses and assets, net of cash sold		—			62,728			38,872			101,600
Payments for businesses and intangibles acquired, net of cash acquired		—			(30,570	)		—			(30,570	)
Net cash (used in) provided by investing activities from continuing operations		(64	)		28,048			37,155			65,139
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		265,000			—			—			265,000
Repayment of long-term borrowings		(330,800	)		—			—			(330,800	)
Proceeds from stock compensation plans		6,764			—			—			6,764
Dividends		(13,614	)		—			—			(13,614	)
Debt and equity issuance and amendment fees		(14,838	)		—			—			(14,838	)
Intercompany transactions		160,785			(76,557	)		(84,228	)		—
Net cash provided by (used in) financing activities from continuing operations		73,297			(76,557	)		(84,228	)		(87,488	)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(992	)		—			2,685			1,693
Net cash used in investing activities		(3	)		—			(799	)		(802	)
Net cash (used in) provided by discontinued operations		(995	)		—			1,886			891
Effect of exchange rate changes on cash and cash equivalents		—			—			8,044			8,044
Net increase (decrease) in cash and cash equivalents		9,116			—			(15,270	)		(6,154	)
Cash and cash equivalents at the beginning of the period		22,632			—			185,820			208,452
Cash and cash equivalents at the end of the period	$	31,748		$	—		$	170,550		$	202,298

23

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

Note 15 — Divestiture-related activities

When dispositions occur in the normal course of business, gains or losses on the sale of such businesses or assets are recognized in the income statement line item Net (gain) loss on sales of businesses and assets. There were no gains or losses resulting from the sale of businesses or assets that did not meet the criteria for a discontinued operation during the three month periods ending April 1, 2012 and March 27, 2011.

Discontinued Operations

During the first quarter of 2012, the Company recorded $0.9 million of income reflecting the reversal of a reserve related to the settlement of a retained liability recorded in 2011, partly offset by additional accruals in 2012.

On December 2, 2011, the Company completed the sale of its business units that design, engineer and manufacture air cargo systems and air cargo containers and pallets to a subsidiary of AAR CORP for $280.0 million in cash. The Company realized a gain of $126.8 million, net of tax, from the sale. These business units represented the sole remaining businesses in the Company’s former Aerospace Segment.

On March 22, 2011, the Company completed the sale of its marine business to an affiliate of H.I.G. Capital, LLC for $123.1 million (consisting of $101.6 million in cash, net of $1.5 million of cash included in the marine business as part of the net assets sold, plus a subordinated promissory note in the amount of $4.5 million and the assumption by the buyer of approximately $15.5 million in liabilities related to the marine business). The Company realized a gain of $57.3 million, net of tax benefits, from the sale of the business. As a result of the disposition, the Company realized accumulated losses from pension and postretirement obligations of approximately $8.4 million and cumulative translation gains of approximately $33.4 million as part of the gain on sale, resulting in a net change of approximately $25.0 million in accumulated other comprehensive income. The marine business consisted of the Company’s businesses that were engaged in the design, manufacture and distribution of steering and throttle controls and engine and drive assemblies for the recreational marine market, heaters for commercial vehicles and burner units for military field feeding appliances. The marine business represented the sole remaining business in the Company’s former Commercial Segment.

The prior period financial statements have been revised to present the cargo systems business as discontinued operations.

The following table presents the operating results of the operations that have been treated as discontinued operations for the periods presented:

	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in thousands)
Net revenues	$	—		$	87,053
Costs and other expenses		(946	)		80,070
Gain on disposition		—			(56,773	)
Income from discontinued operations before income taxes		946			63,756
Provision for income taxes		345			(326	)
Income from discontinued operations	$	601		$	64,082

24

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

All statements made in this Quarterly Report on Form 10-Q, other than statements of historical fact, are forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “would,” “should,” “guidance,” “potential,” “continue,” “project,” “forecast,” “confident,” “prospects,” and similar expressions typically are used to identify forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about our business and the industry and markets in which we operate. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements due to a number of factors, including changes in business relationships with major customers or suppliers; demand for and market acceptance of new and existing products; our ability to integrate acquired businesses into our operations, realize planned synergies and operate such businesses profitably in accordance with expectations; our ability to effectively execute our restructuring programs; competitive market conditions and resulting effects on revenues and pricing; increases in raw material costs that cannot be recovered in product pricing; and global economic factors, including currency exchange rates and interest rates; difficulties entering new markets; and general economic conditions. For a further discussion of the risks relating to our business, see Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2011. We expressly disclaim any obligation to update these forward-looking statements, except as otherwise specifically stated by us or as required by law or regulation.

Overview

Teleflex is a global provider of medical technology products that enhance clinical benefits, improve patient and provider safety and reduce total procedural costs. We primarily design, develop, manufacture and supply single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. We sell our products to hospitals and healthcare providers in more than 130 countries through a combination of our direct sales force and distributors. Because our products are used in a wide variety of markets, we are not dependent upon any one end-market or procedure.

We categorize our products into four groups: Critical Care, Surgical Care, Cardiac Care and Original Equipment Manufacturer and Development Services (“OEM”). Critical Care, representing our largest product group, includes medical devices used in vascular access, anesthesia, urology and respiratory care applications; Surgical Care includes surgical instruments and devices; and Cardiac Care includes cardiac assist devices and equipment. OEM designs and manufactures instruments and devices for other medical device manufacturers.

Over the past several years we have focused on transitioning into a pure-play medical technology company through an extensive acquisition and divestiture program. We significantly changed the composition of our portfolio of businesses, expanding our presence in the medical technology industry, while divesting all of our businesses serving the aerospace and commercial markets, including the sale of our cargo systems and container businesses on December 2, 2011, a part of our former Aerospace Segment, and the sale of our marine business on March 22, 2011, a part of our former Commercial Segment. The cargo systems, cargo container and marine businesses are classified as discontinued operations in our 2011 condensed consolidated financial statements incorporated by reference herein.

We are focused on achieving consistent, sustainable and profitable growth by increasing our market share and improving our operating efficiencies through:

• the development of new products and product line extensions;

• the investment in new technologies and broadening their applications;

• the expansion of the use of existing products in existing markets, as well as in new geographic markets;

• leveraging our direct sales force and distribution network with new products, manufacturing and distribution facility rationalization and achieving economies of scale as we continue to expand; and

• the potential broadening of our product portfolio through select acquisitions, licensing arrangements and partnerships that enhance, extend or expedite our development initiatives or our ability to increase our market share.

Our research and development initiatives focus on developing new, innovative products for existing and new therapeutic applications as well as enhancements to, and line extensions of, existing products. Our portfolio of existing products and pipeline of

25

potential new products consist primarily of Class I and Class II devices, which require 510(k) clearance by the FDA for sale in the United States. We believe the 510(k) clearance expedites the process of introducing new products and reduces our research and development costs and risks as compared to the process that would be required for Class III devices.

Change in Reporting Segments and Business Unit Structure

As discussed in our Annual Report on Form 10-K for the year ended December 31, 2011, as a result of a reorganization of our internal business unit reporting structure, effective January 1, 2012, we changed our segment reporting from a single reportable segment to four reportable segments. Three of the four reportable segments are geographically based and are presented as North America, EMEA (representing our operations in Europe, the Middle East and Africa) and AJLA (representing our Asian and Latin American operations). The fourth reportable segment is comprised of our OEM business. See Note 13 to the condensed consolidated financial statements included in this report for a discussion of the segments. In addition, in the first quarter of 2012, we changed the number of our reporting units. In 2011, we had six reporting units comprised of North America, EMEA, OEM, Japan, Asia Pacific and Latin America. In 2012, in addition to establishing a new North America segment, we established five reporting units in that segment: Vascular, Anesthesia/Respiratory, Cardiac, Surgical and Specialty. Due to the change in the reporting unit structure in North America, we were required to conduct a goodwill impairment test with respect to each of the North American reporting units in the first quarter of 2012, and determined that the goodwill of three of the reporting units was impaired. As a result, we recorded a goodwill impairment charge in the first quarter of 2012 of $332 million. See Note 4 to the condensed consolidated financial statements included in this report for a discussion of the goodwill impairment.

Health Care Reform

On March 23, 2010 the Patient Protection and Affordable Care Act was signed into law. This legislation will have a significant impact on our business. For medical device companies such as Teleflex, the expansion of medical insurance coverage should lead to greater utilization of the products we manufacture, but this legislation also contains provisions designed to contain the cost of healthcare, which could negatively affect pricing of our products. In addition, commencing in 2013, the legislation imposes a 2.3% excise tax on sales of medical devices. We continue to prepare for the implementation of this tax and to evaluate its potential impact on our business in light of several uncertainties regarding its application. As we further prepare for implementation and as the taxing authorities clarify aspects of the application of the tax relevant to us, we will be in a better position to ascertain its impact on our business. We currently estimate the impact of the medical device excise tax will be approximately $15 million annually, beginning in 2013.

Results of Operations

Discussion of constant currency excludes the impact of translating the results of international subsidiaries at different currency exchange rates from year to year.

Net Revenues

Information regarding net revenues by product group is provided in the following table.

	Three Months Ended				% Increase/ (Decrease)
	April 1, 2012		March 27, 2011		Constant Currency			Foreign Currency			Total Change
	(Dollars in millions)
Critical Care	$	256.2	$	237.1		9.5			(1.5	)		8.0
Surgical Care		72.7		65.0		13.2			(1.4	)		11.8
Cardiac Care		20.0		17.7		15.4			(2.1	)		13.3
OEM		38.9		33.8		15.4			(0.5	)		14.9
Other		—		0.4		(100.0	)		—			(100.0	)
Total net revenues	$	387.8	$	354.0		10.9			(1.4	)		9.5

Net revenues for the first quarter of 2012 increased 9.5% to $387.8 million from $354.0 million in the first quarter of 2011. The $33.8 million increase in net revenues was largely due to higher volume ($31.9 million), which benefited from six additional days in 2012 compared to 2011 and core growth, mostly in AJLA and EMEA. Net revenues further benefited from price increases across all segments and new products in North America, EMEA and OEM. These increases were partly offset by the impact of unfavorable foreign currency exchange rates in 2012.

26

Critical Care net revenues, excluding the impact of foreign currency exchange rates, increased 9.5% over the corresponding prior year period. The increase in net revenues was due to higher sales of anesthesia, urology, vascular access and respiratory products.

Surgical Care net revenues, excluding the impact of foreign currency exchange rates, increased 13.2% over the corresponding prior year period. The increase in net revenues was due to higher sales of ligation, general surgical instruments and closure products.

Cardiac Care net revenues, excluding the impact of foreign currency exchange rates, increased 15.4% over the corresponding prior year period. The increase in net revenues was due to higher sales of intra-aortic balloon pumps and catheters.

OEM net revenues, excluding the impact of foreign currency exchange rates, increased 15.4% over the corresponding prior year period. The increase in net revenues was due to higher sales of specialty suture and catheter fabrication products, partly offset by a decline in sales of orthopedic products.

Gross profit

	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in millions)
Gross profit	$	185.8		$	164.5
Percentage of sales		47.9	%		46.5	%

For the three months ended April 1, 2012, gross profit as a percentage of revenues increased 1.4% compared to the corresponding period of 2011, primarily on price increases and lower manufacturing costs in North America, EMEA and OEM.

Selling, general and administrative

	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in millions)
Selling, general and administrative	$	113.4		$	103.2
Percentage of sales		29.2	%		29.2	%

Selling, general and administrative expenses as a percentage of revenues for the first quarter of 2012 were relatively flat compared to the first quarter of 2011. The $10.2 million increase reflects higher sales and marketing costs (approximately $5 million), primarily in North America, and higher general and administrative costs (approximately $5 million) across all segments.

Research and development

	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in millions)
Research and development	$	11.6		$	11.0
Percentage of sales		3.0	%		3.1	%

The increase in research and development expenses principally reflected increased investment related to vascular products in North America.

Interest expense

	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in millions)
Interest expense	$	18.2		$	16.1
Average interest rate on debt		4.2	%		5.1	%

Interest expense increased in the first quarter of 2012 compared to the first quarter of 2011 due to a $37 million increase in our average outstanding debt, partly offset by lower average interest rates on debt.

27

Loss on extinguishments of debt

During the three months ended March 27, 2011, in connection with the prepayment of our Senior Notes issued in 2004 (the “2004 Notes”), we recognized debt extinguishment costs of approximately $14.6 million relating to the prepayment make-whole amount of $13.9 million paid to the holders of the 2004 Notes and the write-off of $0.7 million of unamortized debt issuance costs incurred prior to the prepayment of the 2004 Notes.

Taxes on income from continuing operations

	Three Months Ended
	April 1, 2012			March 27, 2011
Effective income tax rate		1.4	%		25.8	%

The effective income tax rate for the three months ended April 1, 2012 was 1.4% compared to 25.8% for the three months ended March 27, 2011. We recorded a $332 million goodwill impairment charge in the quarter for which only $45 million of the goodwill was tax deductible. Accordingly, the principal driver for the lower tax rate for the three months ending April 1, 2012 is our inability to realize the full benefit of this charge. In addition, the three months ended March 27, 2011 reflects a beneficial discrete charge for losses on extinguishments of debt during the first quarter of 2011.

Restructuring and other impairment charges

	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in millions)
Restructuring and other impairment charges	$	(0.8	)	$	0.6

During the three months ended April 1, 2012, we reversed approximately $2.0 million of contract termination costs related to a pending settlement of a dispute involving the termination of a European distributor agreement that was established in connection with the acquisition of Arrow in 2007. This reversal was partly offset by $1.2 million of additional termination benefit costs, facility closure costs and contract termination costs related to current restructuring activities initiated at the end of 2011 and during the first quarter of 2012.

For additional information regarding our restructuring programs, see Note 3 to our condensed consolidated financial statements included in this report.

Segment Reviews

	Three Months Ended
	April 1, 2012		March 27, 2011		% Increase
	(Dollars in millions)
North America	$	167.3	$	152.7		9.5
EMEA		134.6		125.5		7.3
AJLA		47.0		42.0		11.8
OEM		38.9		33.8		14.9
Segment net revenues	$	387.8	$	354.0		9.5
North America	$	22.8	$	20.3		12.3
EMEA		21.6		16.9		27.8
AJLA		11.2		9.8		14.3
OEM		5.3		3.3		60.6
Segment operating profit (1)	$	60.9	$	50.3		21.1

(1) See Note 13 of our condensed consolidated financial statements included in this report for a reconciliation of segment operating profit to income from continuing operations before interest, loss on extinguishments of debt and taxes.

28

The following is a discussion of our segment operating results.

Comparison of the three months ended April 1, 2012 and March 27, 2011

North America

North America net revenues increased 9.5% in the first quarter of 2012 to $167.3 million from $152.7 million in the first quarter of 2011. The increase was due to higher volume of approximately $12.0 million, which benefited from six additional days in 2012 compared to 2011, new product sales, primarily in Vascular and Anesthesia/Respiratory, and price increases, primarily in Surgical.

North America segment operating profit increased 12.3% in the first quarter of 2012 to $22.8 million from $20.3 million in the first quarter of 2011. The increase reflects the favorable impacts from higher net revenues, partly offset by higher operating expenses, primarily in Vascular for increased sales and marketing activities, increased research and development costs in Vascular, Anesthesia/Respiratory and Surgical and an unfavorable product mix in Cardiac due to a shift in sales toward higher priced, lower margin fiber optic products.

EMEA

EMEA net revenues increased 7.3% in the first quarter of 2012 to $134.6 million from $125.5 million in the first quarter of 2011. The increase was due to higher volume of approximately $12.6 million, which benefited from six additional days in 2012 compared to 2011, new product revenues and price increases. These increases were partly offset by the unfavorable effect of foreign currency exchange rates.

EMEA segment operating profit increased 27.8% in the first quarter of 2012 to $21.6 million from $16.9 million in the first quarter of 2011. The increase reflects higher net revenues, partly offset by an increase of $1.8 million in general and administrative expenses.

AJLA

AJLA net revenues increased 11.8% in the first quarter of 2012 to $47.0 million from $42.0 million in the first quarter of 2011. The increase was due to higher volume of approximately $3.9 million, which benefited from core growth and six additional days in 2012 compared to 2011, and price increases. Approximately one-half of the core growth reflected growth in the China market. Changes in foreign currency exchange rates had a minimal impact during the quarter.

AJLA segment operating profit increased 14.3% in the first quarter of 2012 to $11.2 million from $9.8 million in the first quarter of 2011. The increase reflects the higher net revenues, partly offset by $1.4 million in inventory write-offs for excess and slow moving product and damaged product.

OEM

OEM net revenues increased 14.9% in the first quarter of 2012 to $38.9 million from $33.8 million in the first quarter of 2011. The increase was due to higher volume of approximately $3.4 million, which benefited from core growth and six additional days in 2012 compared to 2011, price increases and new products.

OEM segment operating profit increased 60.6% in the first quarter of 2012 to $5.3 million from $3.3 million in the first quarter of 2011. The increase reflects the higher net revenues, partly offset by higher manufacturing costs.

Liquidity and Capital Resources

Cash Flows

Operating activities from continuing operations provided net cash of approximately $26.7 million during the first three months of 2012 compared to $7.3 million during the first three months of 2011. The $19.4 million increase is primarily due to favorable year-over-year changes in working capital items, primarily inventory ($12.8 million) and accounts receivable ($4.4 million). The accounts receivable increase in 2011 was largely due to the termination of a factoring arrangement in Italy. The lower increase in accounts receivable in 2012 also reflects an improvement in collections in North America and most of Europe in 2012, partly offset by higher sales in 2012.

29

Net cash used in investing activities from continuing operations was $15.0 million during the first three months of 2012 due to capital expenditures, while investing activities from continuing operations provided net cash of $65.1 million during the first three months of 2011. In 2011, we received approximately $101.6 million in proceeds, net of $1.5 million in cash sold, from the sale of our marine business, partly offset by our acquisition of VasoNova, Inc. (“VasoNova”) for $30.6 million and capital expenditures of $5.9 million. The $30.6 million paid for the acquisition of VasoNova included the initial payment of $25 million plus a $6 million contingent payment made to the former VasoNova security holders upon receiving 510(k) clearance from the U.S. Food and Drug Administration less a hold back fee and cash in the business obtained in the acquisition. The increase in capital expenditures reflects plant expansion activities in OEM and increased investments in information technology systems.

Net cash used in financing activities from continuing operations was $12.6 million in the first three months of 2012, a decrease of approximately $74.9 million compared to the use of cash of $87.5 million during the first three months of 2011. In 2011, we used approximately $80.6 million in connection with the prepayment of our 2004 Notes (including the related make whole amounts paid to the holders of the 2004 Notes and related fees). In addition, we received lower proceeds from the exercise of outstanding stock options issued under our stock compensation plans in 2012.

Stock Repurchase Program

In 2007, our Board of Directors authorized the repurchase of up to $300 million of our outstanding common stock. Repurchases of our stock under the Board authorization may be made from time to time in the open market and may include privately-negotiated transactions as market conditions warrant and subject to regulatory considerations. The stock repurchase program has no expiration date and our ability to execute on the program will depend on, among other factors, cash requirements for acquisitions, cash generation from operations, debt repayment obligations, market conditions and regulatory requirements. In addition, under our senior credit agreements, we are subject to certain restrictions relating to our ability to repurchase shares in the event our consolidated leverage ratio exceeds certain levels, which may limit our ability to repurchase shares under this Board authorization. Through April 1, 2012, no shares have been purchased under this Board authorization.

The following table provides our net debt to total capital ratio:

	April 1, 2012			December 31, 2011
	(Dollars in millions)
Net debt includes:
Current borrowings	$	4.7		$	5.0
Long-term borrowings		957.4			954.8
Total debt		962.1			959.8
Less: Cash and cash equivalents		590.9			584.1
Net debt	$	371.2		$	375.7
Total capital includes:
Net debt	$	371.2		$	375.7
Total common shareholders’ equity		1,719.3			1,980.6
Total capital	$	2,090.5		$	2,356.3
Percent of net debt to total capital		18	%		16	%

Our senior credit agreement and the indenture under which we issued our 6.875% senior subordinated notes due 2019 contain covenants that, among other things, limit or restrict our ability, and the ability of our subsidiaries, to incur debt, create liens, consolidate, merge or dispose of certain assets, make certain investments, engage in acquisitions, pay dividends on, repurchase or make distributions in respect of capital stock and enter into swap agreements. Our senior credit agreement also requires us to maintain a consolidated leverage ratio of not more than 4.0:1 and a consolidated interest coverage ratio (generally, Consolidated EBITDA to Consolidated Interest Expense, each as defined in the senior credit agreement) of not less than 3.5:1 as of the last day of any period of four consecutive fiscal quarters calculated pursuant to the definitions and methodology set forth in the senior credit agreement. Non-recurring, non-cash charges, such as the goodwill impairment charge we recorded in the first quarter of 2012, are excluded from the calculation of these ratios and, therefore, do not affect our compliance with these covenants.

We believe that our cash flow from operations, available cash and cash equivalents and our ability to access additional funds through credit facilities will enable us to fund our operating requirements, capital expenditures and debt obligations for the next 12 months and the foreseeable future. Depending on conditions in the capital markets and other factors, we will from time to time consider other financing transactions, the proceeds of which could be used to refinance current indebtedness or for other purposes.

30

Item 3. Quantitative and Qualitative Disclosures About Market Risk

See the information set forth in Part II, Item 7A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011.

Item 4. Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures as of the end of the period covered by this report are functioning effectively to provide reasonable assurance that the information required to be disclosed by us in reports filed under the Securities Exchange Act of 1934 is (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to our management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding disclosure. A controls system cannot provide absolute assurance that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected.

(b) Change in Internal Control over Financial Reporting

No change in our internal control over financial reporting occurred during our most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

31

PART II — OTHER INFORMATION

Item 1. Legal Proceedings

We are a party to various lawsuits and claims arising in the normal course of business. These lawsuits and claims include actions involving product liability, intellectual property, employment and environmental matters. Based on information currently available, advice of counsel, established reserves and other resources, we do not believe that any such actions are likely to be, individually or in the aggregate, material to our business, financial condition, results of operations or liquidity. However, in the event of unexpected further developments, it is possible that the ultimate resolution of these matters, or other similar matters, if unfavorable, may be materially adverse to our business, financial condition, results of operations or liquidity.

Item 1A. Risk Factors

There have been no significant changes in risk factors for the quarter ended April 1, 2012. See the information set forth in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Not applicable.

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 5. Other Information

Not applicable.

32

Item 6. Exhibits

The following exhibits are filed as part of this report:

Exhibit No.	Description
10.1 —	Letter agreement, dated July 22, 2011, by and between Teleflex Incorporated and Thomas E. Powell.
10.2 —	Amendment to Teleflex Incorporated 2000 Stock Compensation Plan, effective as of January 1, 2012.
10.3 —	Amendment to Teleflex Incorporated 2008 Stock Incentive Plan, effective as of January 1, 2012.
12.1 —	Computation of ratio of earnings to fixed charges.
31.1 —	Certification of Chief Executive Officer, pursuant to Rule 13a–14(a) under the Securities Exchange Act of 1934.
31.2 —	Certification of Chief Financial Officer, pursuant to Rule 13a–14(a) under the Securities Exchange Act of 1934.
32.1 —	Certification of Chief Executive Officer, pursuant to Rule 13a–14(b) under the Securities Exchange Act of 1934.
32.2 —	Certification of Chief Financial Officer, pursuant to Rule 13a–14(b) under the Securities Exchange Act of 1934.
101.1 —	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended April 1, 2012, formatted in XBRL (eXtensible Business Reporting Language): (i) the Condensed Consolidated Statements of Income for the three months ended April 1, 2012 and March 27, 2011; (ii) the Condensed Consolidated Statements of Comprehensive Income for the three months ended April 1, 2012 and March 27, 2011; (iii) the Condensed Consolidated Balance Sheets as of April 1, 2012 and December 31, 2011; (iv) the Condensed Consolidated Statements of Cash Flows for the three months ended April 1, 2012 and March 27, 2011; (v) the Condensed Consolidated Statements of Changes in Equity for the three months ended April 1, 2012 and March 27, 2011; and (vi) Notes to Condensed Consolidated Financial Statements.

33

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

TELEFLEX INCORPORATED
By:	/s/    Benson F. Smith
	Benson F. Smith Chairman, President and Chief Executive Officer (Principal Executive Officer)
By:	/s/    Thomas E. Powell
	Thomas E. Powell Senior Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

Dated: May 1, 2012

34

EX-10.1

Exhibit 10.1

July 22, 2011

Thomas Powell

[Address Intentionally Omitted]

Dear Tom:

On behalf of Teleflex Incorporated (the “Company”), I am pleased to confirm our offer of employment as Senior Vice President, Finance. Your target starting date is Monday, August 1^st, 2011. You will be based at our Corporate facility in Limerick, Pennsylvania and report directly to me.

Base Salary: Your compensation package includes a bi-weekly salary of $13,076.92, which amounts to an annualized salary of $340,000.00.

Employee Benefits: You are eligible to sign up for benefits coverage on the first day of the month following the date your employment begins. You will have the option to enroll in medical, dental and vision coverage, employee assistance program, 401(k), deferred compensation program and short and long-term disability. In addition, your benefits package also includes $500,000 in life insurance coverage and 4 weeks of vacation.

Under the company’s current executive benefit policy subject to the company’s discretion, you will receive an auto allowance of $800.00 per month, which is treated as taxable income.

Annual Incentive Plan (AIP): In addition to your base salary, you will be eligible to participate in the Annual Incentive Plan (AIP) with a target payout of 45% of your base salary. This Plan is designed to provide an annual cash incentive award to eligible exempt employees, subject to achievement of certain performance criteria established on an annual basis. You will be guaranteed a bonus payment of approximately $65,000 for the 2011 performance year, based on your August 1^st hire date.

Restricted Stock and Options: You will be eligible for a new-hire grant of $162,500 (approximately 13,125 shares) in Stock Options vesting 1/3 per year for three years and $87,500 (approximately 1,500 shares) in shares of Restricted Stock, vesting 100% on a 3-year cliff basis. Grants are subject to approval at a future meeting of the Compensation Committee of the Company’s Board of Directors after your employment date. The final number of Shares / Options will be determined based on an internal value calculation on the date of the grants. Fidelity Investments, our stock plan administrator, will send you a welcome packet shortly after your grant is approved. It will include details on activating your account to view plan documents and vesting details. You will also be eligible for future grants based on your performance and

the Company’s financial performance beginning in February 2012. Your guideline for future annual grants, subject to the discretion of the Compensation Committee, will be $170,000 (approximately 8,925 shares in stock options and 1,030 shares in restricted stock). In the event of a change in control, accelerated equity vesting will be provided per the terms of the 2008 Stock Incentive Plan.

Sign-On Bonus: In addition to your salary, you will be eligible for a one-time Sign-On Bonus of $100,000. This Sign-On Bonus will be paid in a lump sum within 90 days from your start date. The Sign-On Bonus will be treated as taxable income. Should you voluntarily terminate your employment with Teleflex or be involuntarily terminated for cause within one (1) year of your date of hire you will be responsible to re-pay your sign-on bonus.

Relocation Assistance: You are eligible for executive relocation to assist with your move in accordance with the Company’s relocation policy managed by Cartus. This includes the following exceptions to the relocation policy to accommodate your personal needs:

• Thirty days temporary living, plus leased housing for up to an additional 5 months, or up until the sale of your home, whichever is shorter.

• A “personal travel” allowance, for trips to and from your residence, of up to a value of $6,000.

Please be aware that you will be expected to repay any relocation payments made to you or on your behalf if you leave the Company before completion of one year of service. You will be contacted by a Cartus relocation specialist to initiate your move. Eligible reimbursements under the Cartus program will be grossed up for tax purposes.

Severance and Change In Control Benefits: In the event your employment with the Company is terminated by the company without cause or otherwise for “good reason” (terms to be mutually agreed upon), other than within twelve months after the occurrence of a change in control of the Company (as defined in the Executive Change In Control Agreements in place between the Company and its senior executive officers), you shall be entitled to continuation of salary for a period of twelve months after your effective date of termination (the “General Severance Period”). In the event your employment with the Company is terminated by the company without cause or otherwise for “good reason” (terms to be mutually agreed upon), within twelve months after the occurrence of a change in control of the Company, you shall be entitled to continuation of salary for a period of twelve months after your effective date of termination plus your AIP bonus at target (the “CIC Severance Period”). During the General or CIC Severance Period, you shall also be entitled to continuation of your medical and dental benefits.

As a condition to the Company’s obligation to pay the severance compensation and provide the benefits outlined above, upon your termination of employment you shall be required to sign, and not revoke, a general release in favor of the Company in form and substance satisfactory to the Company.

You acknowledge and agree that you shall not be entitled to any severance benefits other than those specified above.

This offer of employment is contingent upon your successful completion of a background check and a drug test. Neither this offer nor any other written or verbal communication is intended to

create a contract of employment or a promise of long-term employment. All employment with Teleflex is at-will. As a condition of employment, you will be required to sign an acknowledgement form stipulating compliance with the Teleflex Code of Ethics Program as well as a copy of our standard form agreement covering confidentiality, assignment of inventions, and competition.

Tom, we are excited and pleased to extend this offer to you and look forward to having you join Teleflex. We believe you will make a significant contribution to our growth and future success. I sincerely hope that you are excited about this offer and opportunity to join the Teleflex Team. Please give me a call if you have any questions.

Sincerely,

/s/ Richard A. Meier

Richard A. Meier

Executive Vice President and Chief Financial Officer

Acceptance of Offer:
/s/ Thomas Powell	7/23/2011
Thomas Powell	Date

EX-10.2

Exhibit 10.2

AMENDMENT TO

TELEFLEX INCORPORATED

2000 STOCK COMPENSATION PLAN

This Amendment (this “Amendment”) to the Teleflex Incorporated 2000 Stock Compensation Plan (the “Plan”) is made effective as of January 1, 2012, pursuant to resolutions of the Board of Directors of Teleflex Incorporated, a Delaware corporation, adopted during a meeting held on December 15, 2011. This Amendment shall be applicable to all awards granted under the Plan on or after January 1, 2012.

1. Section 5 of the Plan, Administration of Plan, is hereby deleted in its entirety and replaced by the following:

5. Administration of Plan

(a) The Plan shall be administered by a Committee, which shall be composed of at least two directors of the Parent Company appointed by the Board.

(b) The Committee may delegate to a person designated from time to time by the Committee as the Plan Administrator the Committee’s discretion pursuant to Sections 8(b), 8(c), 8(g) and 9(e) of the Plan and the day-to-day administration of the Plan. Such delegation may be revoked at any time.

2. Section 6 of the Plan, Grant of Rights, is hereby deleted in its entirety and replaced by the following:

6. Grant of Rights

The Board or the Committee may grant (i) Options and Restricted Stock Awards to Eligible Employees and (ii) Nonqualified Stock Options and Restricted Stock Awards to Eligible Directors. To the extent that the Board or the Committee determines it to be desirable to qualify Options and Restricted Stock Awards granted hereunder as “performance-based compensation” within the meaning of Code Section 162(m), such awards to “covered employees” (within the meaning of Code Section 162(m)) or to Eligible Employees that the Committee determines may be “covered employees” in the future shall be made by a Committee of two or more “outside directors” within the meaning of Section 162(m) of the Code. Further, to the extent desirable to qualify transactions hereunder as exempt under Rule 16b-3 promulgated under the United States Securities Exchange Act of 1934, as amended (“Rule 16b-3”), Options and Restricted Stock Awards to Officers and Directors shall be made by the entire Board or a Committee of two or more “non-employee directors” within the meaning of Rule 16b-3. Except to the extent prohibited by applicable law, the Board or a Committee may delegate to a Committee of one or more Eligible Directors or to authorized officers of the Company the power to approve Options and Restricted Stock Awards to persons eligible to receive such awards under the Plan who are not (A) subject to Section 16 of the

Exchange Act or (B) at the time of such approval, “covered employees” under Section 162(m) of the Code. The Board or the Committee may establish any applicable guidelines or limitations upon the exercise of this authority as may be determined in its discretion.

3. The following new Subsection 8(h), Vesting on Retirement, is hereby added to the Plan:

(h) Vesting on Retirement. Except as shall have been determined by the Board or the Committee and specified in the option agreement, in the event that an Eligible Employee who is an Optionee shall cease to have a Relationship with the Company by reason of such Participant’s retirement, any Option which is not fully exercisable shall become ratably exercisable (rounded up or down to the nearest whole Share) based upon the ratio of (1) the number of full months elapsed as of the end of the month in which the Optionee ceases to have a Relationship with the Company by reason of the Optionee’s retirement to (2) the number of full months elapsed since the date the Option was granted; provided, however, that, in the case of a retirement due to voluntary termination of employment, the terms of this Section 8(h) shall not apply with respect to any Option granted less than six (6) months prior to the effective date of such termination of employment.

For the purposes of this Section 8(h) and Section 9(d), “retirement” shall mean, unless the Committee determines otherwise, the voluntary or involuntary termination of employment from the Company by an Eligible Employee who is a Optionee or Participant, respectively, other than a “Termination for Cause,” after attaining age fifty-five (55) and having at least five (5) years of service with the Company, excluding service with a Subsidiary Company prior to the time that such Subsidiary Company became a Subsidiary Company. “Termination for Cause” means, unless otherwise provided in a option agreement or restricted stock award agreement, as applicable, termination of employment on account of any act of fraud or intentional misrepresentation or embezzlement, misappropriation or conversion of assets of the Company, or the intentional and repeated violation of the written policies or procedures of the Company, provided that, for an Eligible Employee who is party to an individual severance or employment agreement defining Cause, “Cause” shall have the meaning set forth in such agreement except as may be otherwise provided in such agreement. For purposes of this Plan, an Optionee’s or Participant’s termination of employment shall be deemed to be a Termination for Cause if, after the Optionee’s or Participant’s employment has terminated, facts and circumstances are discovered that would have justified, in the opinion of the Board or the Committee, a Termination for Cause. For Plan purposes, a “voluntary” termination of employment is a termination of employment where the Optionee or Participant does not qualify for severance benefits, whether under a severance agreement or the Company’s or any Subsidiary Company’s severance policy, plan or other arrangement.

3

4. Subsection 9(d) of the Plan, Forfeiture of Shares; Vesting on Disability or Death, is hereby deleted in its entirety and replaced by the following:

(d) Forfeiture of Shares; Vesting on Disability, Death or Retirement.

(i) In the event that a Participant shall cease to have a Relationship with the Company for any reason other than such Participant’s death, disability or retirement, any Shares subject to such Participant’s Restricted Stock Award which theretofore shall not have Vested shall automatically be forfeited by such Participant and revert to and become the property of the Company.

(ii) Except as shall have been determined by the Board or the Committee and specified in the restricted stock award agreement, in the event that a Participant shall cease to have a Relationship with the Company by reason of such Participant’s death or disability, any Shares subject to such Participant’s Restricted Stock Award which theretofore shall not have Vested shall automatically be forfeited by the Participant and revert to and become the property of the Company, except that, if such cessation occurs more than one year after the date of the Award and, under the terms of the Award, not all Shares have yet Vested, there shall be Vested, at a minimum, the portion of the Award comprising such number of whole Shares (rounded up or down to the nearest whole Share) as is proportionate to the ratio of (1) the number of years (which may be a fractional number) elapsed since the Date of Grant of the Award to the date of such cessation to (2) the number of years (which may be a fractional number) constituting the Restriction Period of such Restricted Stock Award.

(iii) Except as shall have been determined by the Board or the Committee and specified in the restricted stock award agreement, in the event that an Eligible Employee who is a Participant shall cease to have a Relationship with the Company by reason of such Participant’s retirement, any Shares subject to such Participant’s Restricted Stock Award which theretofore shall not have Vested shall become ratably Vested (rounded up or down to the nearest whole Share) based upon the ratio of (1) the number of full months of the applicable Restriction Period elapsed as of the end of the month in which the Participant ceases to have a Relationship with the Company by reason of the Participant’s retirement to (2) the number of months constituting the Restriction Period of such Restricted Stock Award; provided, however, that, in the case of a retirement due to voluntary termination of employment, the terms of this Section 9(d)(iii) shall not apply with respect to any Restricted Stock Award granted less than six (6) months prior to the effective date of such termination of employment.

4

5. All other provisions of the Plan shall remain unchanged.

TELEFLEX INCORPORATED
By:	Laurence G. Miller
Title:	EVP, Chief Admin Officer, GC & Sectary
Date:	March 28, 2012

5

EX-10.3

Exhibit 10.3

AMENDMENT TO

TELEFLEX INCORPORATED

2008 STOCK INCENTIVE PLAN

This Amendment (this “Amendment”) to the Teleflex Incorporated 2008 Stock Incentive Plan (the “Plan”) is made effective as of January 1, 2012, pursuant to resolutions of the Board of Directors of Teleflex Incorporated, a Delaware corporation, adopted during a meeting held on December 15, 2011. This Amendment shall be applicable to all awards granted under the Plan on or after January 1, 2012.

1. Subsection 2(cc) of the Plan, the definition of “Retirement,” is hereby deleted in its entirety and replaced by the following:

(cc) “Retirement” means, unless the Administrator determines otherwise, Termination of Employment, voluntary or involuntary, by a Participant from the Company and its Affiliates, other than a Termination for Cause, after attaining age fifty-five (55) and having at least five (5) years of service with the Company and its Affiliates, excluding service with an Affiliate of the Company prior to the time that such Affiliate became an Affiliate of the Company. For Plan purposes, a “voluntary” Termination of Employment is a Termination of Employment where the Participant does not qualify for severance benefits, whether under a severance agreement or the Company’s or any of its Affiliate’s severance policy, plan or other arrangement.

2. The first sentence of Subsection 8(e) of the Plan, Vesting Period and Exercise Dates, is hereby deleted in its entirety and replaced by the following:

Options granted under this Plan shall vest and/or be exercisable at such time and in such installments during the period prior to the expiration of the Option’s term as determined by the Administrator, except that no Option granted to an Employee shall first become exercisable within one (1) year from its Grant Date, other than (i) upon a Change of Control as specified in Section 15(b) of the Plan, or (ii) upon the death, Disability or Retirement of the Awardee, in each case as specified herein and/or in the Option Agreement.

3. Subsection 8(h) of the Plan, Termination of Employment or Board Membership, is hereby deleted in its entirety and replaced by the following:

(h) Termination of Employment or Board Membership.

(i) The Administrator shall determine as of the Grant Date (subject to modification subsequent to the Grant Date) the effect a termination from membership on the Board by a Director for any reason or a Termination of Employment due to (A) Disability, (B) Retirement, (C) death, or (D) otherwise (including Termination for Cause) shall have on any Option.

(ii) Unless otherwise provided in the Award Agreement:

(A) Upon termination from membership on the Board by a Director, any Option held by such Director that (1) has not vested and is not exercisable as of the effective date of such termination from membership on the Board shall be subject to immediate cancellation and forfeiture or (2) is vested and exercisable as of the effective date of such termination shall remain exercisable for five (5) years thereafter, or the remaining term of the Option, if less;

(B) Upon Termination of Employment due to Disability, any Option held by such Employee that is vested and exercisable as of the effective date of such Termination of Employment shall remain exercisable for the longer of three (3) months after such Termination of Employment due to Disability or such period, if any, ending not more than one year after such Termination of Employment due to Disability, as determined by the Administrator not later than three (3) months after such Termination of Employment;

(C) Upon Termination of Employment due to Death, any Option held by such Employee that is vested and exercisable as of the effective date of such Termination of Employment shall remain exercisable for six (6) months thereafter;

(D) Upon Termination of Employment due to Retirement, (1) any Option held by such Employee shall, to the extent not already vested, become ratably vested (rounded up or down to the nearest whole Share) based upon the full months of the applicable vesting period elapsed as of the end of the month in which the Termination of Employment due to Retirement occurs over the total number of months in such period; provided, however, that, in the case of a Retirement due to a voluntary Termination of Employment, the terms of this Section 8(h)(ii)(D)(1) shall not apply with respect to any Option granted less than six (6) months prior to the effective date of such Termination of Employment; and (2) any Option held by an Awardee at Retirement, to the extent vested and exercisable as of the effective date of such Retirement (including, without limitation, any Options that have ratably vested pursuant to the preceding clause (1)), will remain outstanding for the lesser of five (5) years or the remaining term of the Option; and

(E) Any other Termination of Employment shall result in immediate cancellation and forfeiture of all outstanding Options that have not vested as of the effective date of such Termination of Employment, and any vested and exercisable Options held at the time of such Termination of Employment shall remain exercisable for ninety (90) days thereafter, or the remaining term of the Option, if less.

2

4. The second sentence of Subsection 11(a) of the Plan, Stock Award Agreement, is hereby deleted in its entirety and replaced by the following:

No condition that is based upon performance criteria and level of achievement versus such criteria shall be based on performance over a period of less than one (1) year, and no condition that is based upon continued employment or the passage of time shall provide for vesting in full of a Stock Award to an Employee in less than one (1) year from the date the Stock Award is made, other than (i) with respect to such Stock Awards that are issued upon the exercise or settlement of Options or Stock Appreciation Rights, (ii) upon a Change of Control as specified in Section 15(b) of the Plan or (iii) upon the death, Disability or Retirement of the Awardee, in each case as specified herein and/or in the Stock Award Agreement.

5. Subsection 11(c) of the Plan, Termination of Employment or Board Membership, is hereby deleted in its entirety and replaced by the following:

(c) Termination of Employment or Board Membership.

(i) The Administrator shall determine as of the Grant Date (subject to modification subsequent to the Grant Date) the effect a termination from membership on the Board by a Director for any reason or a Termination of Employment due to (A) Disability, (B) Retirement (C) death, or (D) otherwise (including Termination for Cause) shall have on any Stock Award.

(ii) Unless otherwise provided in the Award Agreement:

(A) A Termination of Employment or termination from membership on the Board by a Director due to Disability or death shall result in vesting of a prorated portion of any Stock Award (rounded up or down to the nearest whole Share), based upon the full months of the applicable performance period, vesting period or other period of restriction elapsed as of the end of the month in which the Termination of Employment or termination from membership on the Board by a Director due to Disability or death occurs over the total number of months in such period;

(B) A Termination of Employment due to Retirement shall result in vesting of a prorated portion of any Stock Award (rounded up or down to the nearest whole Share), based upon the full months of the applicable performance period, vesting period or other period of restriction elapsed as of the end of the month in which the Termination of Employment due to Retirement occurs over the total number of months in such period; provided, however, that, in the case of a Retirement due to voluntary Termination of Employment, the terms of this Section 11(c)(ii)(B) shall not apply with respect to any Stock Award granted less than six (6) months prior to the effective date of such Termination of Employment; and

3

(C) Any other Termination of Employment or termination from membership on the Board by a Director shall result in immediate cancellation and forfeiture of all outstanding, unvested Stock Awards.

If clause (A) or (B) of this Section 11(c)(ii) applies to a Stock Award under which vesting is based on the attainment of performance criteria over a performance period, the ratable vesting percentage determined by the portion of the performance period during which the Awardee was a Director or Employee of the Company or an Affiliate shall be applied to determine the portion of the Stock Award that is vested based upon actual performance results after the completion of the performance period.

6. The second sentence of Subsection 12(a) of the Plan, Other Stock-Based Awards, is hereby deleted in its entirety and replaced by the following:

No condition that is based upon performance criteria and level of achievement versus such criteria shall be based on performance over a period of less than one (1) year and no condition that is based upon continued employment or the passage of time shall provide for vesting in full of an Other Stock-Based Award to an Employee in less than one (1) year from the date the Other Stock-Based Award is made, other than (i) with respect to such Other Stock-Based Awards that are issued upon the exercise or settlement of Options or Stock Appreciation Rights, (ii) upon a Change of Control as specified in Section 15(b) of the Plan or (iii) upon the death, Disability or Retirement of the Awardee, in each case as specified herein and/or in the Other Stock-Based Award Agreement.

7. Subsection 12(d) of the Plan, Termination of Employment or Board Membership, is hereby deleted in its entirety and replaced by the following:

(d) Termination of Employment or Board Membership.

(i) The Administrator shall determine as of the Grant Date (subject to modification subsequent to the Grant Date) the effect a termination from membership on the Board by a Director for any reason or a Termination of Employment due to (A) Disability, (B) Retirement, (C) death, or (D) otherwise (including Termination for Cause) shall have on any Other Stock-Based Award.

(ii) Unless otherwise provided in the Award Agreement:

(A) A Termination of Employment or termination from membership on the Board by a Director due to Disability or death shall result in vesting of a prorated portion of any Other Stock-Based Award (rounded up or down to the nearest whole Share or unit based on Shares, as applicable), based upon the full months of the applicable performance period, vesting period or other period of restriction elapsed as of the end of the month in which the Termination of Employment or Board membership due to Disability or death occurs over the total number of months in such period;

4

(B) A Termination of Employment due to Retirement shall result in vesting of a prorated portion of any Other Stock-Based Award (rounded up or down to the nearest whole Share or unit based on Shares, as applicable), based upon the full months of the applicable performance period, vesting period or other period of restriction elapsed as of the end of the month in which the Termination of Employment due to Retirement occurs over the total number of months in such period; provided, however, that, in the case of a Retirement due to voluntary Termination of Employment, the terms of this Section 12(d)(ii)(B) shall not apply with respect to any Other Stock-Based Award granted less than six (6) months prior to the effective date of such Termination of Employment; (rounded up or down to the nearest whole Share); and

(C) Any other Termination of Employment or termination from Board membership shall result in immediate cancellation and forfeiture of all outstanding, unvested Other Stock-Based Awards.

If clause (A) or (B) of this Section 12(d)(ii) applies to an Other Stock-Based Award under which vesting is based on the attainment of performance criteria over a performance period, the ratable vesting percentage determined by the portion of the performance period during which the Awardee was a Director or Employee of the Company or an Affiliate shall be applied to determine the portion of the Other Stock-Based Award that is vested based upon actual performance results after the completion of the performance period.

8. All other provisions of the Plan shall remain unchanged.

TELEFLEX INCORPORATED
By:	Laurence G. Miller
Title:	EVP, Chief Admin Officer, GC & Sectary
Date:	March 28, 2012

5

EX-12.1

Exhibit 12.1

TELEFLEX, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands, except ratios)

	Three Months Ended						Year Ended December 31,
	April 1, 2012			March 27, 2011			2011			2010			2009			2008			2007
Earnings:
Income (loss) from continuing operations before taxes before adjustment for income or loss from equity investees	$	(288,128	)	$	19,027		$	148,703		$	107,692		$	163,565		$	89,774		$	23,533
Amortization of capitalized interest		—			—			—			—			9			35			35
Distributed income of equity investees		—			—			—			—			—			310			134
Non-controlling interest income		(227	)		(223	)		(1,021	)		(861	)		(632	)		(441	)		(127	)
	$	(288,355	)	$	18,804		$	147,682		$	106,831		$	162,942		$	89,678		$	23,575
Fixed charges:
Interest expense	$	14,681		$	12,846		$	57,010		$	72,281		$	83,952		$	116,317		$	67,930
Amortization of debt expense		3,530			3,300			13,526			7,750			5,511			5,330			6,946
Interest factor in rents		1,960			2,547			9,977			10,477			11,624			12,134			13,393
Total fixed charges		20,171			18,693			80,513			90,508			101,087			133,781			88,269
Earnings and fixed charges	$	(268,184	)	$	37,497		$	228,195		$	197,339		$	264,029		$	223,459		$	111,844
Ratio of earnings to fixed charges		(13.3	)		2.0			2.8			2.2			2.6			1.7			1.3

EX-31.1

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Benson F. Smith, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Teleflex Incorporated;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 1, 2012 /s/ Benson F. Smith Benson F. Smith Chairman, President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Thomas E. Powell, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Teleflex Incorporated;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 1, 2012 /s/ Thomas E. Powell Thomas E. Powell Senior Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

RULE 13a-14(b) UNDER THE

SECURITIES EXCHANGE ACT OF 1934

In connection with the Quarterly Report of Teleflex Incorporated (the “Company”) on Form 10-Q for the period ending April 1, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Benson F. Smith, Chairman, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial position and results of operations of the Company.

Date: May 1, 2012 /s/ Benson F. Smith Benson F. Smith Chairman, President and Chief Executive Officer

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

RULE 13a-14(b) UNDER THE

SECURITIES EXCHANGE ACT OF 1934

In connection with the Quarterly Report of Teleflex Incorporated (the “Company”) on Form 10-Q for the period ending April 1, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Thomas E. Powell, Senior Vice President and Chief Financial Officer, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial position and results of operations of the Company.

Date: May 1, 2012 /s/ Thomas E. Powell Thomas E. Powell Senior Vice President and Chief Financial Officer

XML

Restructuring And Other Impairment Charges (Schedule Of Restructuring And Other Impairment Charges) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Restructuring Cost and Reserve [Line Items]
Restructuring and other impairment charges	$ (838)	$ 595
2012 restructuring charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	605
2011 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	488
2007 Arrow Integration Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ (1,931)	$ 595

XML

Changes In Shareholders' Equity (Narrative) (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended		12 Months Ended
	Apr. 01, 2012	Mar. 27, 2011	Dec. 31, 2007
Changes In Shareholders' Equity [Abstract]
Repurchase of outstanding common stock, authorized amount			$ 300
Shares purchased under Board authorization	0
Weighted average antidilutive which were not included in the calculation of earnings per share	8,937,000	9,036,000

XML

Financial Instruments (Fair Values Of Derivative Instruments Designated As Hedging Instruments) (Details) (Designated As Hedging Instrument [Member], USD $) In Thousands, unless otherwise specified	Apr. 01, 2012	Dec. 31, 2011
Derivatives, Fair Value [Line Items]
Total asset derivatives	$ 1,432	$ 204
Total liability derivatives	1,496	633
Other Assets - Current [Member] | Foreign Exchange Contracts [Member]
Derivatives, Fair Value [Line Items]
Total asset derivatives	1,432	204
Derivative Liabilities - Current [Member] | Foreign Exchange Contracts [Member]
Derivatives, Fair Value [Line Items]
Total liability derivatives	$ 1,496	$ 633

XML

Condensed Consolidated Guarantor Financial Information (Schedule Of Condensed Consolidating Balance Sheets) (Details) (USD $) In Thousands, unless otherwise specified	Apr. 01, 2012	Dec. 31, 2011	Mar. 27, 2011	Dec. 31, 2010
Cash and cash equivalents	$ 590,921	$ 584,088	$ 202,298	$ 208,452
Accounts receivable, net	310,926	286,226
Inventories, net	298,971	298,775
Prepaid expenses and other current assets	36,939	33,405
Prepaid taxes	37,677	28,846
Deferred tax assets	39,312	41,014
Assets held for sale	8,026	7,902
Total current assets	1,322,772	1,280,256
Property, plant and equipment, net	263,415	251,912
Goodwill	1,119,696	1,438,542
Intangibles assets, net	871,711	879,787
Investments in affiliates	1,847	2,008
Deferred tax assets	292	278
Other assets	70,153	71,320
Total assets	3,649,886	3,924,103	3,678,803
Current borrowings	4,700	4,986
Accounts payable	62,330	67,092
Accrued expenses	84,509	78,160
Payroll and benefit-related liabilities	58,367	64,386
Derivative liabilities	1,496	633
Accrued interest	11,618	10,960
Income taxes payable	27,761	21,084
Current liability for uncertain tax positions	23,484	22,656
Deferred tax liabilities	1,081	1,050
Total current liabilities	275,346	271,007
Long-term borrowings	957,360	954,809
Deferred tax liabilities	412,656	420,833
Pension and other postretirement benefit liabilities	187,064	194,984
Noncurrent liability for uncertain tax positions	63,037	61,688
Other liabilities	32,577	37,999
Total liabilities	1,928,040	1,941,320
Total common shareholders' equity	1,719,346	1,980,588
Noncontrolling interest	2,500	2,195
Total equity	1,721,846	1,982,783	1,888,988	1,787,278
Total liabilities and equity	3,649,886	3,924,103
Parent Company [Member]
Cash and cash equivalents	94,646	114,531	31,748	22,632
Accounts receivable, net	555	269
Prepaid expenses and other current assets	7,600	7,203
Prepaid taxes	27,510	24,006
Deferred tax assets	7,300	8,659
Total current assets	137,611	154,668
Property, plant and equipment, net	11,460	8,208
Investments in affiliates	5,019,605	5,245,520
Deferred tax assets	64,488	65,400
Other assets	41,467	42,183
Total assets	5,274,631	5,515,979
Accounts payable	75,815	101,907
Accrued expenses	22,798	23,208
Payroll and benefit-related liabilities	23,690	24,031
Derivative liabilities	1,496	633
Accrued interest	11,612	10,948
Total current liabilities	135,411	160,727
Long-term borrowings	957,360	954,809
Pension and other postretirement benefit liabilities	137,539	145,533
Noncurrent liability for uncertain tax positions	13,288	12,678
Other liabilities	2,311,687	2,261,644
Total liabilities	3,555,285	3,535,391
Total common shareholders' equity	1,719,346	1,980,588
Total equity	1,719,346	1,980,588
Total liabilities and equity	5,274,631	5,515,979
Guarantor Subsidiaries [Member]
Accounts receivable, net	303,839	304,813
Inventories, net	194,630	201,147
Prepaid expenses and other current assets	4,294	3,675
Deferred tax assets	26,269	26,886
Assets held for sale	2,738	2,738
Total current assets	531,770	539,259
Property, plant and equipment, net	151,221	149,300
Goodwill	670,260	1,001,353
Intangibles assets, net	702,768	711,962
Investments in affiliates	983,656	922,208
Other assets	2,567,079	2,534,124
Total assets	5,606,754	5,858,206
Accounts payable	382,174	387,612
Accrued expenses	26,693	25,407
Payroll and benefit-related liabilities	8,280	13,867
Total current liabilities	417,147	426,886
Deferred tax liabilities	417,424	433,078
Pension and other postretirement benefit liabilities	33,907	34,034
Noncurrent liability for uncertain tax positions	18,281	18,437
Other liabilities	183	5,749
Total liabilities	886,942	918,184
Total common shareholders' equity	4,719,812	4,940,022
Total equity	4,719,812	4,940,022
Total liabilities and equity	5,606,754	5,858,206
Non-Guarantor Subsidiaries [Member]
Cash and cash equivalents	496,275	469,557	170,550	185,820
Accounts receivable, net	494,396	464,834
Inventories, net	115,861	107,188
Prepaid expenses and other current assets	25,045	22,527
Prepaid taxes	10,167	4,869
Deferred tax assets	6,163	5,883
Assets held for sale	5,288	5,164
Total current assets	1,153,195	1,080,022
Property, plant and equipment, net	100,734	94,404
Goodwill	449,436	437,189
Intangibles assets, net	168,943	167,825
Investments in affiliates	20,292	20,327
Deferred tax assets	2,008	2,387
Other assets	173,760	164,662
Total assets	2,068,368	1,966,816
Current borrowings	4,700	4,986
Accounts payable	95,283	64,694
Accrued expenses	35,018	29,545
Payroll and benefit-related liabilities	26,397	26,488
Accrued interest	6	12
Income taxes payable	27,761	21,113
Current liability for uncertain tax positions	23,484	22,656
Deferred tax liabilities	1,501	1,465
Total current liabilities	214,150	170,959
Deferred tax liabilities	61,436	55,264
Pension and other postretirement benefit liabilities	15,618	15,417
Noncurrent liability for uncertain tax positions	31,468	30,573
Other liabilities	435,352	442,464
Total liabilities	758,024	714,677
Total common shareholders' equity	1,307,844	1,249,944
Noncontrolling interest	2,500	2,195
Total equity	1,310,344	1,252,139
Total liabilities and equity	2,068,368	1,966,816
Eliminations [Member]
Accounts receivable, net	(487,864)	(483,690)
Inventories, net	(11,520)	(9,560)
Prepaid taxes		(29)
Deferred tax assets	(420)	(414)
Total current assets	(499,804)	(493,693)
Investments in affiliates	(6,021,706)	(6,186,047)
Deferred tax assets	(66,204)	(67,509)
Other assets	(2,712,153)	(2,669,649)
Total assets	(9,299,867)	(9,416,898)
Accounts payable	(490,942)	(487,121)
Income taxes payable		(29)
Deferred tax liabilities	(420)	(415)
Total current liabilities	(491,362)	(487,565)
Deferred tax liabilities	(66,204)	(67,509)
Other liabilities	(2,714,645)	(2,671,858)
Total liabilities	(3,272,211)	(3,226,932)
Total common shareholders' equity	(6,027,656)	(6,189,966)
Total equity	(6,027,656)	(6,189,966)
Total liabilities and equity	$ (9,299,867)	$ (9,416,898)

XML

Changes In Shareholders' Equity (Reconciliation Of Basic To Diluted Weighted Average Common Shares Outstanding) (Details) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Changes In Shareholders' Equity [Abstract]
Basic	40,769	40,057
Dilutive shares assumed issued		367
Diluted	40,769	40,424

XML

Goodwill And Other Intangible Assets (Schedule Of Estimated Annual Amortization Expense) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Goodwill And Other Intangible Assets [Abstract]
2012	$ 32,500
2013	41,700
2014	37,700
2015	31,500
2016	31,500
Amortization expense of intangible assets	$ 10,880	$ 11,013

XML

Commitments And Contingent Liabilities (Tables)

3 Months Ended

Apr. 01, 2012

Commitments And Contingent Liabilities [Abstract]

Schedule Of Estimated Product Warranty Liability

Balance – December 31, 2011	$	7,935
Accruals for warranties issued in 2012		22
Settlements (cash and in kind)		(15	)
Accruals related to pre-existing warranties (a)		(1,252	)
Balance – April 1, 2012	$	6,690

(a) Including those related to divested businesses. See Note 15, "Divestiture-related activities" for additional information.

XML

Divestiture-Related Activities (Schedule Of Operating Results Of Operations Treated As Discontinued Operations) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Divestiture-Related Activities [Abstract]
Net revenues		$ 87,053
Costs and other expenses	(946)	80,070
Gain on disposition		(56,773)
Income from discontinued operations before income taxes	946	63,756
Provision for income taxes	345	(326)
Income from discontinued operations	$ 601	$ 64,082

XML

Taxes On Income From Continuing Operations (Narrative) (Details)	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Taxes On Income From Continuing Operations [Abstract]
Effective income tax rate	1.40%	25.80%

XML

Condensed Consolidated Guarantor Financial Information (Schedule Of Condensed Consolidating Statements Of Cash Flows) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Net cash (used in) provided by operating activities from continuing operations	$ 26,733	$ 7,260
Expenditures for property, plant and equipment	(15,029)	(5,891)
Proceeds from sales of businesses and assets, net of cash sold		101,600
Payments for businesses and intangibles acquired, net of cash acquired		(30,570)
Net cash (used in) provided by investing activities from continuing operations	(15,029)	65,139
Proceeds from long-term borrowings		265,000
Repayment of long-term borrowings		(330,800)
Decrease in notes payable and current borrowings	(286)
Proceeds from stock compensation plans	1,594	6,764
Dividends	(13,866)	(13,614)
Debt and equity issuance and amendment costs		(14,838)
Net cash provided by (used in) financing activities from continuing operations	(12,558)	(87,488)
Net cash (used in) provided by operating activities	(2,595)	1,693
Net cash used in investing activities		(802)
Net cash (used in) provided by discontinued operations	(2,595)	891
Effect of exchange rate changes on cash and cash equivalents	10,282	8,044
Net increase (decrease) in cash and cash equivalents	6,833	(6,154)
Cash and cash equivalents at the beginning of the period	584,088	208,452
Cash and cash equivalents at the end of the period	590,921	202,298
Parent Company [Member]
Net cash (used in) provided by operating activities from continuing operations	(44,812)	(63,122)
Expenditures for property, plant and equipment	(3,588)	(64)
Net cash (used in) provided by investing activities from continuing operations	(3,588)	(64)
Proceeds from long-term borrowings		265,000
Repayment of long-term borrowings		(330,800)
Proceeds from stock compensation plans	1,594	6,764
Dividends	(13,866)	(13,614)
Debt and equity issuance and amendment costs		(14,838)
Intercompany transactions	43,382	160,785
Net cash provided by (used in) financing activities from continuing operations	31,110	73,297
Net cash (used in) provided by operating activities	(2,595)	(992)
Net cash used in investing activities		(3)
Net cash (used in) provided by discontinued operations	(2,595)	(995)
Net increase (decrease) in cash and cash equivalents	(19,885)	9,116
Cash and cash equivalents at the beginning of the period	114,531	22,632
Cash and cash equivalents at the end of the period	94,646	31,748
Guarantor Subsidiaries [Member]
Net cash (used in) provided by operating activities from continuing operations	72,411	48,509
Expenditures for property, plant and equipment	(7,637)	(4,110)
Proceeds from sales of businesses and assets, net of cash sold		62,728
Payments for businesses and intangibles acquired, net of cash acquired		(30,570)
Net cash (used in) provided by investing activities from continuing operations	(7,637)	28,048
Intercompany transactions	(64,774)	(76,557)
Net cash provided by (used in) financing activities from continuing operations	(64,774)	(76,557)
Non-Guarantor Subsidiaries [Member]
Net cash (used in) provided by operating activities from continuing operations	(866)	21,873
Expenditures for property, plant and equipment	(3,804)	(1,717)
Proceeds from sales of businesses and assets, net of cash sold		38,872
Net cash (used in) provided by investing activities from continuing operations	(3,804)	37,155
Decrease in notes payable and current borrowings	(286)
Intercompany transactions	21,392	(84,228)
Net cash provided by (used in) financing activities from continuing operations	21,106	(84,228)
Net cash (used in) provided by operating activities		2,685
Net cash used in investing activities		(799)
Net cash (used in) provided by discontinued operations		1,886
Effect of exchange rate changes on cash and cash equivalents	10,282	8,044
Net increase (decrease) in cash and cash equivalents	26,718	(15,270)
Cash and cash equivalents at the beginning of the period	469,557	185,820
Cash and cash equivalents at the end of the period	$ 496,275	$ 170,550

XML

Restructuring And Other Impairment Charges (Tables)

3 Months Ended

Apr. 01, 2012

Restructuring And Other Impairment Charges [Line Items]

Schedule Of Restructuring And Other Impairment Charges

	Three Months  Ended April 1, 2012			Three Months  Ended March 27, 2011
	(Dollars in thousands)
2012 restructuring charges	$	605		$	—
2011 restructuring program		488			—
2007 Arrow integration program		(1,931	)		595
Restructuring and other impairment charges	$	(838	)	$	595

2007 Arrow Integration Program [Member]

Restructuring And Other Impairment Charges [Line Items]

Schedule Of Restructuring And Other Impairment Charges

	Three Months  Ended April 1, 2012			Three Months  Ended March 27, 2011
	(Dollars in thousands)
Termination benefits	$	—		$	7
Facility closure costs		92			150
Contract termination costs		(2,023	)		438
	$	(1,931	)	$	595

Schedule Of Changes In Accrued Liability Associated With Restructuring Program

	Balance at December 31, 2011		Subsequent Accruals			Payments			Translation		Balance at April  1, 2012
	(Dollars in thousands)
Termination benefits	$	320	$	—		$	(3	)	$	8	$	325
Facility closure costs		—		92			(92	)		—		—
Contract termination costs		2,133		(2,023	)		(30	)		167		247
Other restructuring costs		21		—			—			1		22
	$	2,474	$	(1,931	)	$	(125	)	$	176	$	594

XML

Financial Instruments (Pre-Tax (Gain)/Loss Reclassified From AOCI Into Income) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Derivatives, Fair Value [Line Items]
Pre-Tax (Gain)/Loss Reclassified from AOCI into Income, Total	$ 2,854	$ 2,701
Interest Expense [Member]
Derivatives, Fair Value [Line Items]
Pre-Tax (Gain)/Loss Reclassified from AOCI into Income, Total	3,751	3,720
Cost Of Goods Sold [Member]
Derivatives, Fair Value [Line Items]
Pre-Tax (Gain)/Loss Reclassified from AOCI into Income, Total	(897)	(584)
Income From Discontinued Operations [Member]
Derivatives, Fair Value [Line Items]
Pre-Tax (Gain)/Loss Reclassified from AOCI into Income, Total		$ (435)

XML

Impairment Of Goodwill (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012
Impairment of goodwill	$ 332,128
Vascular [Member]
Impairment of goodwill	220,000
Anesthesia/Respiratory [Member]
Impairment of goodwill	107,000
Cardiac [Member]
Impairment of goodwill	$ 5,000

XML

Basis Of Presentation (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012
Basis Of Presentation [Abstract]
Number of reporting segments	4
Impairment of goodwill	$ 332,128

XML

Fair Value Measurement (Financial Assets And Liabilities Carried At Fair Value Measured On A Recurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	Apr. 01, 2012	Mar. 27, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 10,001
Bonds foreign government		7,575
Investments in marketable securities	4,654	4,269
Derivative assets	1,432	901
Derivative liabilities	1,496	21,732
Contingent consideration liabilities	9,018	9,400
Quoted Prices In Active Markets (Level 1) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	10,001
Bonds foreign government		7,575
Investments in marketable securities	4,654	4,269
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative assets	1,432	901
Derivative liabilities	1,496	21,732
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent consideration liabilities	$ 9,018	$ 9,400

XML

Business Segment Information (Schedule Of Reconciliation Of Segment Expenditures For Property, Plant And Equipment To Condensed Consolidated Total Expenditures For Property, Plant And Equipment) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Segment Reporting, Other Significant Reconciling Item [Line Items]
Expenditures for property, plant and equipment	$ 15,029	$ 5,891
Parent Company [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Expenditures for property, plant and equipment	3,588	64
Segment [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Expenditures for property, plant and equipment	11,441	5,827
Corporate [Member]
Segment Reporting, Other Significant Reconciling Item [Line Items]
Expenditures for property, plant and equipment	$ 3,588	$ 64

XML

Commitments And Contingent Liabilities (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 01, 2012 Y
Loss Contingencies [Line Items]
Residual value of guarantees	1.9
Waste disposed accrued liability	9.0
Minimum [Member]
Loss Contingencies [Line Items]
Estimated time taken for paying accrued amounts	15
Maximum [Member]
Loss Contingencies [Line Items]
Estimated time taken for paying accrued amounts	20

XML

Financial Instruments (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Dec. 31, 2011
Financial Instruments [Abstract]
Amount deferred in accumulated other comprehensive loss associated with this interest rate swap, net of tax	$ 4.6
Amount in accumulated other comprehensive income, reclassified as expense to the statement of income	4.8
Interest rate swap, notional amount designated as a hedge		$ 350

XML

Condensed Consolidated Statements Of Changes In Equity (Parenthetical) (USD $)	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Condensed Consolidated Statements Of Changes In Equity [Abstract]
Dividends per common share	$ 0.34	$ 0.34

XML

Commitments And Contingent Liabilities (Schedule Of Estimated Product Warranty Liability) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012
Commitments And Contingent Liabilities [Abstract]
Balance-December 31, 2011	$ 7,935
Accruals for warranties issued in 2012	22
Settlements (cash and in kind)	(15)
Accruals related to pre-existing warranties	(1,252)	[1]
Balance-April 1, 2012	$ 6,690

[1] Including those related to divested businesses. See Note 15, "Divestiture-related activities" for additional information.

XML

Inventories (Schedule Of Inventories) (Details) (USD $) In Thousands, unless otherwise specified	Apr. 01, 2012	Dec. 31, 2011
Inventories [Abstract]
Raw materials	$ 88,770	$ 87,621
Work-in-process	47,939	45,486
Finished goods	194,934	198,587
Inventories, gross	331,643	331,694
Less: Inventory reserve	(32,672)	(32,919)
Inventories	$ 298,971	$ 298,775

XML

Fair Value Measurement (Tables)

3 Months Ended

Apr. 01, 2012

Fair Value Measurement [Abstract]

Financial Assets And Liabilities Carried At Fair Value Measured On A Recurring Basis

	Total carrying value at April 1, 2012		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Cash and cash equivalents	$	10,001	$	10,001	$	—	$	—
Investments in marketable securities		4,654		4,654		—		—
Derivative assets		1,432		—		1,432		—
Derivative liabilities		1,496		—		1,496		—
Contingent consideration liabilities		9,018		—		—		9,018

	Total carrying value at March 27, 2011		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Bonds foreign government	$	7,575	$	7,575	$	—	$	—
Investments in marketable securities		4,269		4,269		—		—
Derivative assets		901		—		901		—
Derivative liabilities		21,732		—		21,732		—
Contingent consideration liabilities		9,400		—		—		9,400

Schedule Of Reconciliation Of Changes In Level 3 Financial Liabilities Measured At Fair Value On A Recurring Basis

	Contingent consideration
	2012			2011
	(Dollars in thousands)
Beginning balance	$	9,676		$	—
Initial estimate of contingent consideration		—			15,400
Payment		—			(6,000	)
Revaluations		(658	)		—
Ending balance	$	9,018		$	9,400

XML

Financial Instruments (Tables)

3 Months Ended

Apr. 01, 2012

Financial Instruments [Abstract]

Fair Values Of Derivative Instruments Designated As Hedging Instruments

	April 1, 2012 Fair Value		December 31, 2011 Fair Value
	(Dollars in thousands)
Asset derivatives:
Foreign exchange contracts:
Other assets – current	$	1,432	$	204
Total asset derivatives	$	1,432	$	204
Liability derivatives:
Foreign exchange contracts:
Derivative liabilities – current	$	1,496	$	633
Total liability derivatives	$	1,496	$	633

After Tax Gain/(Loss) Recognized In OCI

	After Tax Gain/(Loss) Recognized in OCI
	April 1, 2012		March 27, 2011
	(Dollars in thousands)
Interest rate contracts	$	2,386	$	1,657
Foreign exchange contracts		74		249
Total	$	2,460	$	1,906

Pre-Tax (Gain)/Loss Reclassified From AOCI Into Income

	Pre-Tax (Gain)/Loss Reclassified from AOCI into Income
	April 1, 2012			March 27, 2011
	(Dollars in thousands)
Interest rate contracts:
Interest expense	$	3,751		$	3,720
Foreign exchange contracts
Cost of goods sold		(897	)		(584	)
Income from discontinued operations		—			(435	)
Total	$	2,854		$	2,701

XML

Changes In Shareholders' Equity (Schedule Of Accumulated Other Comprehensive Income) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Divestiture of Marine		$ 8,427
Discontinued operations		(37)
Cash Flow Hedges [Member]
Beginning balance, accumulated other comprehensive income (loss), net of tax	(7,257)	(15,262)
Current-period other comprehensive income	2,460	1,764
Discontinued operations		142
Ending balance, accumulated other comprehensive income (loss), net of tax	(4,797)	(13,356)
Pension And Other Postretirement Benefit Plans [Member]
Beginning balance, accumulated other comprehensive income (loss), net of tax	(134,548)	(95,746)
Current-period other comprehensive income	978	4,916
Divestiture of Marine		8,427
Discontinued operations		(37)
Ending balance, accumulated other comprehensive income (loss), net of tax	(133,570)	(82,440)
Foreign Currency Translation Adjustment [Member]
Beginning balance, accumulated other comprehensive income (loss), net of tax	(17,548)	59,128
Current-period other comprehensive income	30,605	48,230
Divestiture of Marine		(33,424)
Discontinued operations		2,072
Ending balance, accumulated other comprehensive income (loss), net of tax	13,057	76,006
Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance, accumulated other comprehensive income (loss), net of tax	(159,353)	(51,880)
Current-period other comprehensive income	34,043	54,910
Divestiture of Marine		(24,997)
Discontinued operations		2,177
Ending balance, accumulated other comprehensive income (loss), net of tax	$ (125,310)	$ (19,790)

XML

Goodwill And Other Intangible Assets (Schedule Of Changes In The Carrying Amount Of Goodwill, By Reporting Segment) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012
Goodwill [Line Items]
Balance, Goodwill gross, beginning balance	$ 1,438,542
Balance, Accumulated impairment losses, beginning balance
Balance, Goodwill net, beginning balance	1,438,542
Goodwill impairment charges	(332,128)
Translation adjustment	13,282
Transfer of goodwill
Balance, Goodwill gross, ending balance	1,451,824
Balance, Accumulated impairment losses, ending balance	(332,128)
Balance, Goodwill net, ending balance	1,119,696
North America Segment [Member]
Goodwill [Line Items]
Balance, Goodwill gross, beginning balance	973,517
Balance, Accumulated impairment losses, beginning balance
Balance, Goodwill net, beginning balance	973,517
Goodwill impairment charges	(332,128)
Translation adjustment	16
Transfer of goodwill	679
Balance, Goodwill gross, ending balance	974,212
Balance, Accumulated impairment losses, ending balance	(332,128)
Balance, Goodwill net, ending balance	642,084
EMEA Segment [Member]
Goodwill [Line Items]
Balance, Goodwill gross, beginning balance	283,362
Balance, Accumulated impairment losses, beginning balance
Balance, Goodwill net, beginning balance	283,362
Goodwill impairment charges
Translation adjustment	8,441
Transfer of goodwill	(679)
Balance, Goodwill gross, ending balance	291,124
Balance, Accumulated impairment losses, ending balance
Balance, Goodwill net, ending balance	291,124
AJLA Segment [Member]
Goodwill [Line Items]
Balance, Goodwill gross, beginning balance	153,487
Balance, Accumulated impairment losses, beginning balance
Balance, Goodwill net, beginning balance	153,487
Goodwill impairment charges
Translation adjustment	4,825
Balance, Goodwill gross, ending balance	158,312
Balance, Accumulated impairment losses, ending balance
Balance, Goodwill net, ending balance	158,312
OEM Segment [Member]
Goodwill [Line Items]
Balance, Goodwill gross, beginning balance	28,176
Balance, Accumulated impairment losses, beginning balance
Balance, Goodwill net, beginning balance	28,176
Goodwill impairment charges
Translation adjustment
Transfer of goodwill
Balance, Goodwill gross, ending balance	28,176
Balance, Accumulated impairment losses, ending balance
Balance, Goodwill net, ending balance	$ 28,176

XML

Changes In Shareholders' Equity (Tables)

3 Months Ended

Apr. 01, 2012

Changes In Shareholders' Equity [Abstract]

Reconciliation Of Basic To Diluted Weighted Average Common Shares Outstanding

	Three Months Ended
	April 1, 2012		March 27, 2011
	(Shares in thousands)
Basic		40,769		40,057
Dilutive shares assumed issued		—		367
Diluted		40,769		40,424

Schedule Of Accumulated Other Comprehensive Income

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income
	(Dollars in thousands)
Balance at December 31, 2011	$	(7,257	)	$	(134,548	)	$	(17,548	)	$	(159,353	)
Current-period other comprehensive income		2,460			978			30,605			34,043
Balance at April 1, 2012	$	(4,797	)	$	(133,570	)	$	13,057		$	(125,310	)

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income
	(Dollars in thousands)
Balance at December 31, 2010	$	(15,262	)	$	(95,746	)	$	59,128		$	(51,880	)
Current-period other comprehensive income		1,764			4,916			48,230			54,910
Divestiture of Marine		—			8,427			(33,424	)		(24,997	)
Discontinued operations		142			(37	)		2,072			2,177
Balance at March 27, 2011	$	(13,356	)	$	(82,440	)	$	76,006		$	(19,790	)

XML

Taxes On Income From Continuing Operations (Tables)

3 Months Ended

Apr. 01, 2012

Taxes On Income From Continuing Operations [Abstract]

Schedule Of Effective Income Tax Rate

	Three Months Ended
	April 1, 2012			March 27, 2011
Effective income tax rate		1.4	%		25.8	%

XML

Condensed Consolidated Statements Of Changes In Equity (USD $) In Thousands	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2010	$ 42,245	$ 349,156	$ 1,578,913	$ (51,880)	$ (135,058)	$ 3,902	$ 1,787,278
Balance, Shares at Dec. 31, 2010	42,245				2,250
Net income			77,812			382	78,194
Cash dividends ($0.34 per share)			(13,614)				(13,614)
Comprehensive income				32,090		(6)	32,084
Shares issued under compensation plans	155	1,512			3,255		4,922
Shares issued under compensation plans, Shares	155				(54)
Deferred compensation		(39)			163		124
Deferred compensation, Shares					(4)
Balance at Mar. 27, 2011	42,400	350,629	1,643,111	(19,790)	(131,640)	4,278	1,888,988
Balance, Shares at Mar. 27, 2011	42,400				2,192
Balance at Dec. 31, 2011	42,923	380,965	1,847,106	(159,353)	(131,053)	2,195	1,982,783
Balance, Shares at Dec. 31, 2011	42,923				2,183
Net income			(283,735)			227	(283,508)
Cash dividends ($0.34 per share)			(13,866)				(13,866)
Comprehensive income				34,043		78	34,121
Shares issued under compensation plans	33	46			2,131		2,210
Shares issued under compensation plans, Shares	33				(35)
Deferred compensation		(10)			116		106
Deferred compensation, Shares					(4)
Balance at Apr. 01, 2012	$ 42,956	$ 381,001	$ 1,549,505	$ (125,310)	$ (128,806)	$ 2,500	$ 1,721,846
Balance, Shares at Apr. 01, 2012	42,956				2,144

XML

Pension And Other Postretirement Benefits (Tables)

3 Months Ended

Apr. 01, 2012

Pension And Other Postretirement Benefits [Abstract]

Schedule Of Net Benefit Cost Of Pension And Postretirement Benefit Plans

	Pension Three Months Ended						Other Postretirement  Benefits Three Months Ended
	April 1, 2012			March 27, 2011			April 1, 2012		March 27, 2011
	(Dollars in thousands)
Service cost	$	678		$	579		$	158	$	198
Interest cost		4,126			4,244			473		550
Expected return on plan assets		(5,043	)		(4,901	)		—		—
Net amortization and deferral		1,606			1,056			123		70
Net benefit cost	$	1,367		$	978		$	754	$	818

XML

Restructuring And Other Impairment Charges (Schedule Of Charges Associated With Restructuring Program) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Restructuring Cost and Reserve [Line Items]
Facility closure costs	$ 900
2007 Arrow Integration Program [Member]
Restructuring Cost and Reserve [Line Items]
Termination benefits		7
Facility closure costs	92	150
Contract termination costs	(2,023)	438
Total restructuring charges	$ (1,931)	$ 595

XML

Fair Value Measurement (Schedule Of Reconciliation Of Changes In Level 3 Financial Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Fair Value Measurement [Abstract]
Beginning balance	$ 9,676
Initial estimate of contingent consideration		15,400
Payment		(6,000)
Revaluations	(658)
Ending balance	$ 9,018	$ 9,400

XML

Divestiture-Related Activities (Narrative) (Details) (USD $)	0 Months Ended	3 Months Ended	0 Months Ended
	Dec. 02, 2011	Apr. 01, 2012	Mar. 22, 2011 Marine Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income reflecting the reversal of a reserve		$ 900,000
Proceeds from sale of business	280,000,000		123,100,000
Discontinued operations	126,800,000		57,300,000
Cash proceeds from sale of business			101,600,000
Cash included as part of net assets sold			1,500,000
Subordinated promissory note			4,500,000
Liabilities assumed			15,500,000
Accumulated loss realized from pension and postretirement obligations			(8,400,000)
Cumulative translation gains			33,400,000
Accumulated other comprehensive income			$ 25,000,000

XML

Condensed Consolidated Statements Of Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Condensed Consolidated Statements Of Income [Abstract]
Net revenues	$ 387,757	$ 354,004
Cost of goods sold	201,922	189,500
Gross profit	185,835	164,504
Selling, general and administrative expenses	113,378	103,206
Research and development expenses	11,562	11,038
Goodwill impairment	332,128
Restructuring and other impairment charges	(838)	595
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	(270,395)	49,665
Interest expense	18,211	16,146
Interest income	(478)	(105)
Loss on extinguishments of debt		14,597
Income (loss) from continuing operations before taxes	(288,128)	19,027
Taxes (benefit) on income from continuing operations	(4,019)	4,915
Income (loss) from continuing operations	(284,109)	14,112
Operating income from discontinued operations (including gain on disposal of $56,773 in 2011)	946	63,756
Taxes (benefit) on income from discontinued operations	345	(326)
Income from discontinued operations	601	64,082
Net income (loss)	(283,508)	78,194
Less: Income from continuing operations attributable to noncontrolling interest	227	223
Income from discontinued operations attributable to noncontrolling interest		159
Net income (loss) attributable to common shareholders	(283,735)	77,812
Basic:
Income (loss) from continuing operations	$ (6.97)	$ 0.35
Income from discontinued operations	$ 0.01	$ 1.59
Net income (loss)	$ (6.96)	$ 1.94
Diluted:
Income (loss) from continuing operations	$ (6.97)	$ 0.34
Income from discontinued operations	$ 0.01	$ 1.58
Net income (loss)	$ (6.96)	$ 1.92
Dividends per share	$ 0.34	$ 0.34
Weighted average common shares outstanding:
Basic	40,769	40,057
Diluted	40,769	40,424
Amounts attributable to common shareholders:
Income (loss) from continuing operations, net of tax	(284,336)	13,889
Income from discontinued operations, net of tax	601	63,923
Net income (loss)	$ (283,735)	$ 77,812

XML

Goodwill And Other Intangible Assets (Components Of Intangible Assets) (Details) (USD $) In Thousands, unless otherwise specified	Apr. 01, 2012	Dec. 31, 2011
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,100,928	$ 1,097,338
Accumulated Amortization	(229,217)	(217,551)
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	539,013	537,094
Accumulated Amortization	(123,923)	(117,505)
Intellectual Property [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	221,803	221,171
Accumulated Amortization	(90,284)	(85,402)
Distribution Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	16,798	16,669
Accumulated Amortization	(13,736)	(13,484)
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	323,314	322,404
Accumulated Amortization	$ (1,274)	$ (1,160)

XML

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Apr. 01, 2012	Dec. 31, 2011
ASSETS
Cash and cash equivalents	$ 590,921	$ 584,088
Accounts receivable, net	310,926	286,226
Inventories, net	298,971	298,775
Prepaid expenses and other current assets	36,939	33,405
Prepaid taxes	37,677	28,846
Deferred tax assets	39,312	41,014
Assets held for sale	8,026	7,902
Total current assets	1,322,772	1,280,256
Property, plant and equipment, net	263,415	251,912
Goodwill	1,119,696	1,438,542
Intangible assets, net	871,711	879,787
Investments in affiliates	1,847	2,008
Deferred tax assets	292	278
Other assets	70,153	71,320
Total assets	3,649,886	3,924,103
LIABILITIES AND EQUITY
Current borrowings	4,700	4,986
Accounts payable	62,330	67,092
Accrued expenses	84,509	78,160
Payroll and benefit-related liabilities	58,367	64,386
Derivative liabilities	1,496	633
Accrued interest	11,618	10,960
Income taxes payable	27,761	21,084
Current liability for uncertain tax positions	23,484	22,656
Deferred tax liabilities	1,081	1,050
Total current liabilities	275,346	271,007
Long-term borrowings	957,360	954,809
Deferred tax liabilities	412,656	420,833
Pension and postretirement benefit liabilities	187,064	194,984
Noncurrent liability for uncertain tax positions	63,037	61,688
Other liabilities	32,577	37,999
Total liabilities	1,928,040	1,941,320
Commitments and contingencies
Total common shareholders' equity	1,719,346	1,980,588
Noncontrolling interest	2,500	2,195
Total equity	1,721,846	1,982,783
Total liabilities and equity	$ 3,649,886	$ 3,924,103

XML

Pension And Other Postretirement Benefits (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Sep. 25, 2011
Pension And Other Postretirement Benefits [Abstract]
Minimum age to attain pension benefits		50
Maximum age plus years service to attain pension benefits		65
Minimum pension contributions for current year	$ 19.5
Pension contributions	$ 7.9

XML

Condensed Consolidated Guarantor Financial Information (Tables)

3 Months Ended

Apr. 01, 2012

Condensed Consolidated Guarantor Financial Information [Abstract]

Schedule Of Condensed Consolidating Statements Of Income

	Three Months Ended April 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
		(Dollars in thousands)
Net revenues	$	—		$	245,687		$	204,921		$	(62,851	)	$	387,757
Cost of goods sold		—			147,525			115,287			(60,890	)		201,922
Gross profit		—			98,162			89,634			(1,961	)		185,835
Selling, general and administrative expenses		15,582			63,168			34,971			(343	)		113,378
Research and development expenses		—			9,916			1,646			—			11,562
Goodwill impairment		—			331,779			349			—			332,128
Restructuring and other impairment charges		—			(1,443	)		605			—			(838	)
Income (loss) from continuing operations before interest and taxes		(15,582	)		(305,258	)		52,063			(1,618	)		(270,395	)
Interest expense		36,749			(20,451	)		1,913			—			18,211
Interest income		(125	)		(8	)		(345	)		—			(478	)
Income (loss) from continuing operations before taxes		(52,206	)		(284,799	)		50,495			(1,618	)		(288,128	)
Taxes (benefit) on income from continuing operations		(17,921	)		287			13,897			(282	)		(4,019	)
Equity in net income of consolidated subsidiaries		(250,051	)		30,996			—			219,055			—
Income (loss) from continuing operations		(284,336	)		(254,090	)		36,598			217,719			(284,109	)
Operating income from discontinued operations		946			—			—			—			946
Taxes on income from discontinued operations		345			—			—			—			345
Income from discontinued operations		601			—			—			—			601
Net income (loss)		(283,735	)		(254,090	)		36,598			217,719			(283,508	)
Less: Income from continuing operations attributable to noncontrolling interests		—			—			227			—			227
Net income (loss) attributable to common shareholders	$	(283,735	)	$	(254,090	)	$	36,371		$	217,719		$	(283,735	)

	Three Months Ended March 27, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	226,826		$	181,858		$	(54,680	)	$	354,004
Cost of goods sold		—			137,422			106,534			(54,456	)		189,500
Gross profit		—			89,404			75,324			(224	)		164,504
Selling, general and administrative expenses		9,389			59,465			33,696			656			103,206
Research and development expenses		—			9,384			1,654			—			11,038
Restructuring and other impairment charges		—			588			7			—			595
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes		(9,389	)		19,967			39,967			(880	)		49,665
Interest expense		31,084			(15,013	)		75			—			16,146
Interest income		(2	)		(23	)		(80	)		—			(105	)
Loss on extinguishments of debt		14,597			—			—			—			14,597
Income (loss) from continuing operations before taxes		(55,068	)		35,003			39,972			(880	)		19,027
Taxes (benefit) on income from continuing operations		(19,067	)		13,861			11,475			(1,354	)		4,915
Equity in net income of consolidated subsidiaries		135,081			73,039			—			(208,120	)		—
Income from continuing operations		99,080			94,181			28,497			(207,646	)		14,112
Operating (loss) income from discontinued operations		(37,944	)		39,411			62,289			—			63,756
Taxes (benefit) on income from discontinued operations		(16,676	)		6,331			10,019			—			(326	)
Income (loss) from discontinued operations		(21,268	)		33,080			52,270			—			64,082
Net income		77,812			127,261			80,767			(207,646	)		78,194
Less: Income from continuing operations attributable to noncontrolling interests		—			—			223			—			223
Less: Income from discontinued operations attributable to noncontrolling interest		—			—			159			—			159
Net income attributable to common shareholders	$	77,812		$	127,261		$	80,385		$	(207,646	)	$	77,812

Schedule Of Condensed Consolidating Balance Sheets

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	94,646	$	—	$	496,275	$	—		$	590,921
Accounts receivable, net		555		303,839		494,396		(487,864	)		310,926
Inventories, net		—		194,630		115,861		(11,520	)		298,971
Prepaid expenses and other current assets		7,600		4,294		25,045		—			36,939
Prepaid taxes		27,510		—		10,167		—			37,677
Deferred tax assets		7,300		26,269		6,163		(420	)		39,312
Assets held for sale		—		2,738		5,288		—			8,026
Total current assets		137,611		531,770		1,153,195		(499,804	)		1,322,772
Property, plant and equipment, net		11,460		151,221		100,734		—			263,415
Goodwill		—		670,260		449,436		—			1,119,696
Intangibles assets, net		—		702,768		168,943		—			871,711
Investments in affiliates		5,019,605		983,656		20,292		(6,021,706	)		1,847
Deferred tax assets		64,488		—		2,008		(66,204	)		292
Other assets		41,467		2,567,079		173,760		(2,712,153	)		70,153
Total assets	$	5,274,631	$	5,606,754	$	2,068,368	$	(9,299,867	)	$	3,649,886
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		75,815		382,174		95,283		(490,942	)		62,330
Accrued expenses		22,798		26,693		35,018		—			84,509
Payroll and benefit-related liabilities		23,690		8,280		26,397		—			58,367
Derivative liabilities		1,496		—		—		—			1,496
Accrued interest		11,612		—		6		—			11,618
Income taxes payable		—		—		27,761		—			27,761
Current liability for uncertain tax positions		—		—		23,484		—			23,484
Deferred tax liabilities		—		—		1,501		(420	)		1,081
Total current liabilities		135,411		417,147		214,150		(491,362	)		275,346
Long-term borrowings		957,360		—		—		—			957,360
Deferred tax liabilities		—		417,424		61,436		(66,204	)		412,656
Pension and other postretirement benefit liabilities		137,539		33,907		15,618		—			187,064
Noncurrent liability for uncertain tax positions		13,288		18,281		31,468		—			63,037
Other liabilities		2,311,687		183		435,352		(2,714,645	)		32,577
Total liabilities		3,555,285		886,942		758,024		(3,272,211	)		1,928,040
Total common shareholders' equity		1,719,346		4,719,812		1,307,844		(6,027,656	)		1,719,346
Noncontrolling interest		—		—		2,500		—			2,500
Total equity		1,719,346		4,719,812		1,310,344		(6,027,656	)		1,721,846
Total liabilities and equity	$	5,274,631	$	5,606,754	$	2,068,368	$	(9,299,867	)	$	3,649,886

	December 31, 2011
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	114,531	$	—	$	469,557	$	—		$	584,088
Accounts receivable, net		269		304,813		464,834		(483,690	)		286,226
Inventories, net		—		201,147		107,188		(9,560	)		298,775
Prepaid expenses and other current assets		7,203		3,675		22,527		—			33,405
Prepaid taxes		24,006		—		4,869		(29	)		28,846
Deferred tax assets		8,659		26,886		5,883		(414	)		41,014
Assets held for sale		—		2,738		5,164		—			7,902
Total current assets		154,668		539,259		1,080,022		(493,693	)		1,280,256
Property, plant and equipment, net		8,208		149,300		94,404		—			251,912
Goodwill		—		1,001,353		437,189		—			1,438,542
Intangibles assets, net		—		711,962		167,825		—			879,787
Investments in affiliates		5,245,520		922,208		20,327		(6,186,047	)		2,008
Deferred tax assets		65,400		—		2,387		(67,509	)		278
Other assets		42,183		2,534,124		164,662		(2,669,649	)		71,320
Total assets	$	5,515,979	$	5,858,206	$	1,966,816	$	(9,416,898	)	$	3,924,103
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,986	$	—		$	4,986
Accounts payable		101,907		387,612		64,694		(487,121	)		67,092
Accrued expenses		23,208		25,407		29,545		—			78,160
Payroll and benefit-related liabilities		24,031		13,867		26,488		—			64,386
Derivative liabilities		633		—		—		—			633
Accrued interest		10,948		—		12		—			10,960
Income taxes payable		—		—		21,113		(29	)		21,084
Current liability for uncertain tax positions		—		—		22,656		—			22,656
Deferred tax liabilities		—		—		1,465		(415	)		1,050
Total current liabilities		160,727		426,886		170,959		(487,565	)		271,007
Long-term borrowings		954,809		—		—		—			954,809
Deferred tax liabilities		—		433,078		55,264		(67,509	)		420,833
Pension and other postretirement benefit liabilities		145,533		34,034		15,417		—			194,984
Noncurrent liability for uncertain tax positions		12,678		18,437		30,573		—			61,688
Other liabilities		2,261,644		5,749		442,464		(2,671,858	)		37,999
Total liabilities		3,535,391		918,184		714,677		(3,226,932	)		1,941,320
Total common shareholders' equity		1,980,588		4,940,022		1,249,944		(6,189,966	)		1,980,588
Noncontrolling interest		—		—		2,195		—			2,195
Total equity		1,980,588		4,940,022		1,252,139		(6,189,966	)		1,982,783
Total liabilities and equity	$	5,515,979	$	5,858,206	$	1,966,816	$	(9,416,898	)	$	3,924,103

Schedule Of Condensed Consolidating Statements Of Cash Flows

	Three Months Ended April 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(44,812	)	$	72,411		$	(866	)	$	26,733
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(3,588	)		(7,637	)		(3,804	)		(15,029	)
Net cash used in investing activities from continuing operations		(3,588	)		(7,637	)		(3,804	)		(15,029	)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		—			—			(286	)		(286	)
Proceeds from stock compensation plans		1,594			—			—			1,594
Dividends		(13,866	)		—			—			(13,866	)
Intercompany transactions		43,382			(64,774	)		21,392			—
Net cash provided by (used in) financing activities from continuing operations		31,110			(64,774	)		21,106			(12,558	)
Cash Flows from Discontinued Operations:
Net cash used in operating activities		(2,595	)		—			—			(2,595	)
Net cash used in discontinued operations		(2,595	)		—			—			(2,595	)
Effect of exchange rate changes on cash and cash equivalents		—			—			10,282			10,282
Net (decrease) increase in cash and cash equivalents		(19,885	)		—			26,718			6,833
Cash and cash equivalents at the beginning of the period		114,531			—			469,557			584,088
Cash and cash equivalents at the end of the period	$	94,646		$	—		$	496,275		$	590,921

	Three Months Ended March 27, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(63,122	)	$	48,509		$	21,873		$	7,260
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(64	)		(4,110	)		(1,717	)		(5,891	)
Proceeds from sales of businesses and assets, net of cash sold		—			62,728			38,872			101,600
Payments for businesses and intangibles acquired, net of cash acquired		—			(30,570	)		—			(30,570	)
Net cash (used in) provided by investing activities from continuing operations		(64	)		28,048			37,155			65,139
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		265,000			—			—			265,000
Repayment of long-term borrowings		(330,800	)		—			—			(330,800	)
Proceeds from stock compensation plans		6,764			—			—			6,764
Dividends		(13,614	)		—			—			(13,614	)
Debt and equity issuance and amendment fees		(14,838	)		—			—			(14,838	)
Intercompany transactions		160,785			(76,557	)		(84,228	)		—
Net cash provided by (used in) financing activities from continuing operations		73,297			(76,557	)		(84,228	)		(87,488	)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(992	)		—			2,685			1,693
Net cash used in investing activities		(3	)		—			(799	)		(802	)
Net cash (used in) provided by discontinued operations		(995	)		—			1,886			891
Effect of exchange rate changes on cash and cash equivalents		—			—			8,044			8,044
Net increase (decrease) in cash and cash equivalents		9,116			—			(15,270	)		(6,154	)
Cash and cash equivalents at the beginning of the period		22,632			—			185,820			208,452
Cash and cash equivalents at the end of the period	$	31,748		$	—		$	170,550		$	202,298

XML

Business Segment Information (Schedule Of Reconciliation Of Segment Operating Profit To Income From Continuing Operations Before Interest) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012		Mar. 27, 2011
Segment operating profit	$ 185,835		$ 164,504
Goodwill impairment	332,128
Restructuring and other impairment charges	(838)		595
Income (loss) from continuing operations before interest and taxes	(270,395)		49,665
Segment [Member]
Segment operating profit	$ 60,895	[1]	$ 50,260	[1]

[1] Segment operating profit includes a segment's net revenues from external customers reduced by its cost of goods sold, selling, general and administrative expenses, and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense, loss on extinguishment of debt and taxes on income.

XML

Business Segment Information

3 Months Ended

Apr. 01, 2012

Business Segment Information [Abstract]

Business Segment Information

Note 13 — Business segment information

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 changed its segment reporting from a single operating segment to four operating segments.

An operating segment is a component of the Company (a) that engages in business activities from which it may earn revenues and incur expenses, (b) whose operating results are regularly reviewed by the Company'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 identified that it has four operating segments, which also represent its four reportable segments.

Threeof the four reportable segments are geographically based; North America, EMEA (representing the Company's operations in Europe, the Middle East and Africa) and AJLA (representing the Company's Asian and Latin American operations). The fourth reportable segment is OEM.

The Company's geographically based segments design, manufacture and distribute medical devices primarily used in critical care, surgical applications and cardiac care and generally serve two end markets; hospitals and healthcare providers, and home health. The products of the geographically based segments 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 Company's OEM Segment designs, manufactures and supplies devices and instruments for other medical device manufacturers.

The following tables present the Company's segment results for the three months ended April 1, 2012 and March 27, 2011:

	Three Months Ended April 1, 2012
Segment Results	North America		EMEA		AJLA		OEM		Totals
	(Dollars in thousands)
Segment net revenues from external customers	$	167,308	$	134,600	$	46,988	$	38,861	$	387,757
Segment depreciation and amortization		15,313		5,149		1,250		1,617		23,329
Segment operating profit(1)		22,790		21,578		11,192		5,335		60,895
Segment assets		1,689,959		815,566		253,703		89,712		2,848,940
Segment expenditures for property, plant and equipment		3,839		2,695		7		4,900		11,441
Intersegment revenues		39,564		17,719		248		1,863

	Three Months Ended March 27, 2011
Segment Results	North America		EMEA		AJLA		OEM		Totals
	(Dollars in thousands)
Segment net revenues from external customers	$	152,724	$	125,450	$	42,033	$	33,797	$	354,004
Segment depreciation and amortization		16,431		5,282		1,316		1,612		24,641
Segment operating profit(1)		20,270		16,864		9,775		3,351		50,260
Segment assets		2,051,084		828,744		235,488		81,966		3,197,282
Segment expenditures for property, plant and equipment		3,420		1,415		49		943		5,827
Intersegment revenues		34,225		14,296		83		1,631

(1) Segment operating profit includes a segment's net revenues from external customers reduced by its cost of goods sold, selling, general and administrative expenses, and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense, loss on extinguishment of debt and taxes on income.

The following tables present reconciliations of segment results to the Company's condensed consolidated results for the three months ended April 1, 2012 and March 27, 2011:

Reconciliation of Segment Operating Profit to Income from Continuing Operations Before Interest, Loss on Extinguishments of Debt and Taxes	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in thousands)
Segment operating profit	$	60,895		$	50,260
Goodwill impairment		332,128			—
Restructuring and other impairment charges		(838	)		595
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	$	(270,395	)	$	49,665

Reconciliation of Segment Assets to Condensed Consolidated Total Assets	April 1, 2012		March 27, 2011
	(Dollars in thousands)
Segment assets	$	2,848,940	$	3,197,282
Corporate assets (1)		792,920		371,285
Assets of businesses divested (2)		—		101,873
Assets held for sale		8,026		8,363
Total assets	$	3,649,886	$	3,678,803

(1) Increase in corporate assets from the prior period reflects higher cash balances as a result of sale of businesses at the end of 2011.

(2) Includes $31.8 million of assets previously reported as assets held for sale in 2011.

Reconciliation of Segment Expenditures for Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plan and Equipment	Three Months Ended
	April 1, 2012		March 27, 2011
	(Dollars in thousands)
Segment expenditures for property, plant and equipment	$	11,441	$	5,827
Corporate expenditures for property, plant and equipment		3,588		64
Total expenditures for property, plant and equipment	$	15,029	$	5,891

XML

Divestiture-Related Activities (Tables)

3 Months Ended

Apr. 01, 2012

Divestiture-Related Activities [Abstract]

Schedule Of Operating Results Of Operations Treated As Discontinued Operations

	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in thousands)
Net revenues	$	—		$	87,053
Costs and other expenses		(946	)		80,070
Gain on disposition		—			(56,773	)
Income from discontinued operations before income taxes		946			63,756
Provision for income taxes		345			(326	)
Income from discontinued operations	$	601		$	64,082

XML

Divestiture-Related Activities

3 Months Ended

Apr. 01, 2012

Divestiture-Related Activities [Abstract]

Divestiture-Related Activities

Note 15 — Divestiture-related activities

When dispositions occur in the normal course of business, gains or losses on the sale of such businesses or assets are recognized in the income statement line item Net (gain) loss on sales of businesses and assets. There were no gains or losses resulting from the sale of businesses or assets that did not meet the criteria for a discontinued operation during the three month periods ending April 1, 2012 and March 27, 2011.

Discontinued Operations

During the first quarter of 2012, the Company recorded $0.9 million of income reflecting the reversal of a reserve related to the settlement of a retained liability recorded in 2011, partly offset by additional accruals in 2012.

On December 2, 2011, the Company completed the sale of its business units that design, engineer and manufacture air cargo systems and air cargo containers and pallets to a subsidiary of AAR CORP for $280.0 million in cash. The Company realized a gain of $126.8 million, net of tax, from the sale. These business units represented the sole remaining businesses in the Company's former Aerospace Segment.

On March 22, 2011, the Company completed the sale of its marine business to an affiliate of H.I.G. Capital, LLC for $123.1 million (consisting of $101.6 million in cash, net of $1.5 million of cash included in the marine business as part of the net assets sold, plus a subordinated promissory note in the amount of $4.5 million and the assumption by the buyer of approximately $15.5 million in liabilities related to the marine business). The Company realized a gain of $57.3 million, net of tax benefits, from the sale of the business. As a result of the disposition, the Company realized accumulated losses from pension and postretirement obligations of approximately $8.4 million and cumulative translation gains of approximately $33.4 million as part of the gain on sale, resulting in a net change of approximately $25.0 million in accumulated other comprehensive income. The marine business consisted of the Company's businesses that were engaged in the design, manufacture and distribution of steering and throttle controls and engine and drive assemblies for the recreational marine market, heaters for commercial vehicles and burner units for military field feeding appliances. The marine business represented the sole remaining business in the Company's former Commercial Segment.

The prior period financial statements have been revised to present the cargo systems business as discontinued operations.

The following table presents the operating results of the operations that have been treated as discontinued operations for the periods presented:

	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in thousands)
Net revenues	$	—		$	87,053
Costs and other expenses		(946	)		80,070
Gain on disposition		—			(56,773	)
Income from discontinued operations before income taxes		946			63,756
Provision for income taxes		345			(326	)
Income from discontinued operations	$	601		$	64,082

XML

Condensed Consolidated Guarantor Financial Information (Narrative) (Details) (USD $) In Millions, unless otherwise specified	Apr. 01, 2012	Jun. 30, 2011 6.875% Senior Subordinated Notes Due 2019 [Member]
Condensed Financial Statements, Captions [Line Items]
Interest rate		6.875%
Senior subordinated notes		$ 250
Percentage of change in ownership	100.00%

XML

Condensed Consolidated Statements Of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Cash Flows from Operating Activities of Continuing Operations:
Net income (loss)	$ (283,508)	$ 78,194
Adjustments to reconcile net income to net cash provided by operating activities:
Income from discontinued operations	(601)	(64,082)
Depreciation expense	8,919	10,328
Amortization expense of intangible assets	10,880	11,013
Amortization expense of deferred financing costs and debt discount	3,530	3,300
Loss on extinguishments of debt		14,597
Stock-based compensation	1,719	(1,091)
Goodwill impairment	332,128
Deferred income taxes, net	(12,624)	(1,745)
Other	(3,877)	717
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:
Accounts receivable	(18,762)	(23,142)
Inventories	2,245	(10,599)
Prepaid expenses and other current assets	(1,768)	(489)
Accounts payable and accrued expenses	(9,652)	(7,373)
Income taxes receivable and payable, net	(1,896)	(2,368)
Net cash provided by operating activities from continuing operations	26,733	7,260
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment	(15,029)	(5,891)
Proceeds from sales of businesses and assets, net of cash sold		101,600
Payments for businesses and intangibles acquired, net of cash acquired		(30,570)
Net cash (used in) provided by investing activities from continuing operations	(15,029)	65,139
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		265,000
Repayment of long-term borrowings		(330,800)
Decrease in notes payable and current borrowings	(286)
Proceeds from stock compensation plans	1,594	6,764
Dividends	(13,866)	(13,614)
Debt extinguishment, issuance and amendment fees		(14,838)
Net cash used in financing activities from continuing operations	(12,558)	(87,488)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities	(2,595)	1,693
Net cash used in investing activities		(802)
Net cash (used in) provided by discontinued operations	(2,595)	891
Effect of exchange rate changes on cash and cash equivalents	10,282	8,044
Net increase (decrease) in cash and cash equivalents	6,833	(6,154)
Cash and cash equivalents at the beginning of the period	584,088	208,452
Cash and cash equivalents at the end of the period	$ 590,921	$ 202,298

XML

Condensed Consolidated Statements Of Income (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 27, 2011
Condensed Consolidated Statements Of Income [Abstract]
Gain on disposal of discontinued operations	$ 56,773

XML

Fair Value Measurement

3 Months Ended

Apr. 01, 2012

Fair Value Measurement [Abstract]

Fair Value Measurement

Note 8 — Fair value measurement

For a description of the fair value hierarchy, see Note 10 to the Company's 2011 consolidated financial statements included in its annual report on Form 10-K for the year ended December 31, 2011.

The following tables provide information regarding the financial assets and liabilities carried at fair value measured on a recurring basis as of April 1, 2012 and March 27, 2011:

	Total carrying value at April 1, 2012		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Cash and cash equivalents	$	10,001	$	10,001	$	—	$	—
Investments in marketable securities		4,654		4,654		—		—
Derivative assets		1,432		—		1,432		—
Derivative liabilities		1,496		—		1,496		—
Contingent consideration liabilities		9,018		—		—		9,018

	Total carrying value at March 27, 2011		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Bonds foreign government	$	7,575	$	7,575	$	—	$	—
Investments in marketable securities		4,269		4,269		—		—
Derivative assets		901		—		901		—
Derivative liabilities		21,732		—		21,732		—
Contingent consideration liabilities		9,400		—		—		9,400

The following table provides information regarding changes in Level 3 financial liabilities during the periods ended April 1, 2012 and March 27, 2011:

	Contingent consideration
	2012			2011
	(Dollars in thousands)
Beginning balance	$	9,676		$	—
Initial estimate of contingent consideration		—			15,400
Payment		—			(6,000	)
Revaluations		(658	)		—
Ending balance	$	9,018		$	9,400

The carrying amount of long-term debt reported in the condensed consolidated balance sheet as of April 1, 2012 is $957.4 million. Using a discounted cash flow technique that incorporates a market interest yield curve with adjustments for duration, optionality, and risk profile, the Company has determined the fair value of its debt to be $1,110.7 million at April 1, 2012. The Company's implied credit rating is a factor in determining the market interest yield curve.

During the first quarter of 2012, the Company recorded a goodwill impairment charge based on Level 3 inputs. See note 4 for a discussion of the goodwill impairment.

Valuation Techniques

The Company's cash and cash equivalents valued based upon Level 1 inputs are comprised of overnight investments in money market funds. The funds invest in obligations of the U.S. Treasury, including Treasury bills, bonds and notes. The funds seek to maintain a net asset value of $1.00 per share. The remainder of the Company's cash and cash equivalents at April 1, 2012 is held in bank deposits.

The Company's financial assets valued based upon Level 1 inputs are comprised of investments in marketable securities held in trust, which are available to pay benefits under certain deferred compensation plans and other compensatory arrangements. The investment assets of the trust are valued using quoted market prices.

The Company's financial assets valued based upon Level 2 inputs are comprised of foreign currency forward contracts. The Company's financial liabilities valued based upon Level 2 inputs are comprised of an interest rate swap contract and foreign currency forward contracts. The Company uses forward rate contracts to manage currency transaction exposure and interest rate swaps to manage exposure to interest rate changes. The fair value of the foreign currency forward exchange contracts represents the amount required to enter into offsetting contracts with similar remaining maturities based on quoted market prices. The fair value of the interest rate swap contract is developed from market-based inputs under the income approach using cash flows discounted at relevant market interest rates. The Company has taken into account the creditworthiness of the counterparties in measuring fair value. The decrease in the Company's derivative liabilities in 2012 is due to the termination of an interest rate swap agreement. See Note 7, "Financial instruments" for additional information.

The Company's financial liabilities valued based upon Level 3 inputs are comprised of contingent consideration pertaining to the VasoNova acquisition. The fair value of the contingent consideration is determined using a weighted probability of potential payment scenarios discounted at rates reflective of the Company's credit rating and expected return on the VasoNova business. The assumptions used to develop the estimated amount recognized for the contingent consideration arrangement are updated each reporting period. As of April 1, 2012, the Company has recorded approximately $8.9 million of contingent consideration in other current liabilities. The Company expects to pay a portion of this amount in the second quarter of 2012 and the remainder in the first quarter of 2013.

XML

Document And Entity Information	3 Months Ended
	Apr. 01, 2012	Apr. 20, 2012
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 01, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q1
Entity Filer Category	Large Accelerated Filer
Entity Registrant Name	TELEFLEX INC
Entity Central Index Key	0000096943
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		40,812,152

XML

Changes In Shareholders' Equity

3 Months Ended

Apr. 01, 2012

Changes In Shareholders' Equity [Abstract]

Changes In Shareholders' Equity

Note 9 — Changes in shareholders' equity

In 2007, the Company's Board of Directors authorized the repurchase of up to $300 million of outstanding Company common stock. Repurchases of Company stock under the Board authorization may be made from time to time in the open market and may include privately-negotiated transactions as market conditions warrant and subject to regulatory considerations. The stock repurchase program has no expiration date and the Company's ability to execute on the program will depend on, among other factors, cash requirements for acquisitions, cash generation from operations, debt repayment obligations, market conditions and regulatory requirements. In addition, under the Company's senior credit agreements, the Company is subject to certain restrictions relating to its ability to repurchase shares in the event the Company's consolidated leverage ratio exceeds certain levels, which may limit the Company's ability to repurchase shares under this Board authorization. Through April 1, 2012, no shares have been purchased under this Board authorization.

The following table provides a reconciliation of basic to diluted weighted average shares outstanding:

	Three Months Ended
	April 1, 2012		March 27, 2011
	(Shares in thousands)
Basic		40,769		40,057
Dilutive shares assumed issued		—		367
Diluted		40,769		40,424

Weighted average stock options that were antidilutive and therefore not included in the calculation of earnings per share were approximately 8,937 thousand and 9,036 thousand for the three months ended April 1, 2012 and March 27, 2011, respectively.

The following tables provide information relating to the changes in accumulated other comprehensive income (loss), net of tax, for the three months ended April 1, 2012 and March 27, 2011:

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income
	(Dollars in thousands)
Balance at December 31, 2011	$	(7,257	)	$	(134,548	)	$	(17,548	)	$	(159,353	)
Current-period other comprehensive income		2,460			978			30,605			34,043
Balance at April 1, 2012	$	(4,797	)	$	(133,570	)	$	13,057		$	(125,310	)

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income
	(Dollars in thousands)
Balance at December 31, 2010	$	(15,262	)	$	(95,746	)	$	59,128		$	(51,880	)
Current-period other comprehensive income		1,764			4,916			48,230			54,910
Divestiture of Marine		—			8,427			(33,424	)		(24,997	)
Discontinued operations		142			(37	)		2,072			2,177
Balance at March 27, 2011	$	(13,356	)	$	(82,440	)	$	76,006		$	(19,790	)

XML

Condensed Consolidated Statements Of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Condensed Consolidated Statements Of Comprehensive Income [Abstract]
Net income (loss)	$ (283,508)	$ 78,194
Other comprehensive income, net of tax:
Foreign currency translation continuing operations adjustments, net of tax ($4,213 - 2012; $2,348 - 2011)	30,683	48,224
Foreign currency translation discontinued operations adjustments		2,072
Foreign currency translation divestiture of Marine		(33,424)
Foreign currency translation, net of tax	30,683	16,872
Pension and Other Postretirement Benefits Plans:
Prior service cost recognized in net periodic cost, net of tax ($(2) - 2012; $(2) - 2011)	(3)	(4)
Transition obligation recognized in net periodic cost, net of tax ($9 - 2012; $10 - 2011)	15	17
Unamortized gain arising during the period, net of tax ($2,883 - 2011)		4,682
Net loss recognized in net periodic cost, net of tax ($605 - 2012; $400 - 2011)	1,105	704
Discontinued operations, net of tax ($(14) - 2011)		(37)
Divestiture of Marine, net of tax ($4,612 - 2011)		8,427
Foreign currency translation, net of tax ($(50) - 2012; $(182) - 2011)	(139)	(483)
Pension and other postretirement benefits plans adjustment, net of tax	978	13,306
Derivatives qualifying as hedges:
Unrealized gain (loss) on derivatives arising during the period, net of tax ($321 - 2012; $231 - 2011)	693	(161)
Reclassification adjustment on derivatives included in net income, net of tax ($1,087 - 2012; $1,211 - 2011)	1,767	1,925
Discontinued operations, net of tax ($81 - 2011)		142
Derivatives qualifying as hedges, net of tax	2,460	1,906
Other comprehensive income, net of tax	34,121	32,084
Comprehensive income (loss)	(249,387)	110,278
Less: comprehensive income attributable to noncontrolling interest	305	376
Comprehensive income (loss) attributable to common shareholders	$ (249,692)	$ 109,902

XML

Restructuring And Other Impairment Charges

3 Months Ended

Apr. 01, 2012

Restructuring And Other Impairment Charges [Abstract]

Restructuring And Other Impairment Charges

Note 3 — Restructuring and other impairment charges

The amounts recognized in restructuring and other impairment charges for the three months ended April 1, 2012 and March 27, 2011 consisted of the following:

	Three Months  Ended April 1, 2012			Three Months  Ended March 27, 2011
	(Dollars in thousands)
2012 restructuring charges	$	605		$	—
2011 restructuring program		488			—
2007 Arrow integration program		(1,931	)		595
Restructuring and other impairment charges	$	(838	)	$	595

2012 Restructuring Charges

During the first quarter of 2012, the Company incurred restructuring charges of $0.6 million related to the termination of certain distributor agreements in Europe.

2011 Restructuring Program

During 2011, the Company initiated a restructuring program at four facilities to consolidate operations and reduce costs. In connection with this program, during the first quarter of 2012, the Company recorded restructuring charges of $0.5 million, including $0.3 million for employee termination benefits for workforce consolidations and $0.2 million for facility closure costs in connection with the program. During the remainder of 2012, the Company expects to incur additional contract termination costs of approximately $2.7 million when it has completely exited a leased facility, approximately $0.9 million for facility closure costs related to other facilities, and $0.5 million for other costs in connection with the program. All of the employee termination benefits, facility closure costs and other costs will be paid in 2012. The payment of the lease contract termination costs will continue until 2015.

2007 Arrow Integration Program

In connection with the Company's acquisition of Arrow International, Inc. ("Arrow"), the Company implemented a program in 2007 to integrate Arrow's businesses into the Company's other businesses. The aspects of this program that affect Teleflex employees and facilities (such aspects being referred to as the "2007 Arrow integration program") are charged to earnings and classified as restructuring and impairment charges. The following table provides information relating to the charges associated with the 2007 Arrow integration program that were included in restructuring and other impairment charges in the condensed consolidated statements of income for the periods presented:

	Three Months  Ended April 1, 2012			Three Months  Ended March 27, 2011
	(Dollars in thousands)
Termination benefits	$	—		$	7
Facility closure costs		92			150
Contract termination costs		(2,023	)		438
	$	(1,931	)	$	595

No impairment charges were recognized during the three month periods ended April 1, 2012 and March 27, 2011.

The following table provides information relating to changes in the accrued liability associated with the 2007 Arrow integration program during the three months ended April 1, 2012:

	Balance at December 31, 2011		Subsequent Accruals			Payments			Translation		Balance at April  1, 2012
	(Dollars in thousands)
Termination benefits	$	320	$	—		$	(3	)	$	8	$	325
Facility closure costs		—		92			(92	)		—		—
Contract termination costs		2,133		(2,023	)		(30	)		167		247
Other restructuring costs		21		—			—			1		22
	$	2,474	$	(1,931	)	$	(125	)	$	176	$	594

The reduction in accrual from contract termination costs relates to a revised estimate for the settlement of a dispute involving the termination of a European distributor agreement that was established in connection with the acquisition of Arrow in 2007.

As of April 1, 2012, the Company expects future restructuring expenses associated with the 2007 Arrow integration program, if any, to be nominal.

XML

New Accounting Standards

3 Months Ended

Apr. 01, 2012

New Accounting Standards [Abstract]

New Accounting Standards

Note 2 — New accounting standards

The Company adopted the following new accounting standards as of January 1, 2012, the first day of its 2012 fiscal year:

Amendment to Fair Value Measurement: In May 2011, the FASB revised the fair value measurement and disclosure requirements so that the requirements under GAAP and International Financial Reporting Standards ("IFRS") are the same. The guidance clarifies the FASB's intent about the application of existing fair value measurements and requires enhanced disclosures, most significantly related to unobservable inputs used in a fair value measurement that is categorized within Level 3 of the fair value hierarchy. The guidance became effective prospectively during interim and annual periods beginning after December 15, 2011.

Amendment to Comprehensive Income: In June 2011, the FASB amended guidance relating to the presentation requirements of comprehensive income within an entity's financial statements. Under the guidance, an entity has the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income in a single continuous statement or in two separate but consecutive statements. The amended guidance eliminates the previously available option of presenting the components of other comprehensive income as part of the statement of changes in equity. In addition, an entity is required to present adjustments on the face of the financial statements for items that are reclassified from other comprehensive income to net income in the statement where the components of net income and the components of other comprehensive income are presented. The amendment became effective for fiscal years beginning after December 15, 2011 and is applied retrospectively, with the exception of the requirement to present reclassification adjustments from other comprehensive income to net income on the face of the financial statements, which has been deferred pending further deliberation by the FASB.

XML

Condensed Consolidated Guarantor Financial Information

3 Months Ended

Apr. 01, 2012

Condensed Consolidated Guarantor Financial Information [Abstract]

Condensed Consolidated Guarantor Financial Information

Note 14 — Condensed consolidated guarantor financial information

In June 2011, Teleflex Incorporated (referred to below as "Parent Company") issued $250 million of 6.875% senior subordinated notes through a registered public offering. The notes are guaranteed, jointly and severally, by certain of the Parent Company's subsidiaries (each, a "Guarantor Subsidiary" and collectively, the "Guarantor Subsidiaries"). The guarantees are full and unconditional, subject to certain customary release provisions. Each Guarantor Subsidiary is 100% owned by the Parent Company. The Company's condensed consolidating statements of income and condensed consolidating statements of cash flows for the three month periods ended April 1, 2012 and March 27, 2011 and condensed consolidating balance sheets as of April 1, 2012 and December 31, 2011, each of which are set forth below, provide consolidating information for:

a. Parent Company, the issuer of the guaranteed obligations;

b. Guarantor Subsidiaries, on a combined basis;

c. Non-guarantor subsidiaries, on a combined basis; and

d. Parent Company and its subsidiaries on a consolidated basis.

The same accounting policies as described in the consolidated financial statements are used by each entity in the condensed consolidating financial information, except for the use by the Parent Company and Guarantor Subsidiaries of the equity method of accounting to reflect ownership interests in subsidiaries which are eliminated upon consolidation.

Consolidating entries and eliminations in the following consolidating financial statements represent adjustments to (a) eliminate intercompany transactions between or among the Parent Company, the Guarantor Subsidiaries and the Non-guarantor subsidiaries, (b) eliminate the investments in subsidiaries and (c) record consolidating entries.

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF INCOME

	Three Months Ended April 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
		(Dollars in thousands)
Net revenues	$	—		$	245,687		$	204,921		$	(62,851	)	$	387,757
Cost of goods sold		—			147,525			115,287			(60,890	)		201,922
Gross profit		—			98,162			89,634			(1,961	)		185,835
Selling, general and administrative expenses		15,582			63,168			34,971			(343	)		113,378
Research and development expenses		—			9,916			1,646			—			11,562
Goodwill impairment		—			331,779			349			—			332,128
Restructuring and other impairment charges		—			(1,443	)		605			—			(838	)
Income (loss) from continuing operations before interest and taxes		(15,582	)		(305,258	)		52,063			(1,618	)		(270,395	)
Interest expense		36,749			(20,451	)		1,913			—			18,211
Interest income		(125	)		(8	)		(345	)		—			(478	)
Income (loss) from continuing operations before taxes		(52,206	)		(284,799	)		50,495			(1,618	)		(288,128	)
Taxes (benefit) on income from continuing operations		(17,921	)		287			13,897			(282	)		(4,019	)
Equity in net income of consolidated subsidiaries		(250,051	)		30,996			—			219,055			—
Income (loss) from continuing operations		(284,336	)		(254,090	)		36,598			217,719			(284,109	)
Operating income from discontinued operations		946			—			—			—			946
Taxes on income from discontinued operations		345			—			—			—			345
Income from discontinued operations		601			—			—			—			601
Net income (loss)		(283,735	)		(254,090	)		36,598			217,719			(283,508	)
Less: Income from continuing operations attributable to noncontrolling interests		—			—			227			—			227
Net income (loss) attributable to common shareholders	$	(283,735	)	$	(254,090	)	$	36,371		$	217,719		$	(283,735	)

	Three Months Ended March 27, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	226,826		$	181,858		$	(54,680	)	$	354,004
Cost of goods sold		—			137,422			106,534			(54,456	)		189,500
Gross profit		—			89,404			75,324			(224	)		164,504
Selling, general and administrative expenses		9,389			59,465			33,696			656			103,206
Research and development expenses		—			9,384			1,654			—			11,038
Restructuring and other impairment charges		—			588			7			—			595
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes		(9,389	)		19,967			39,967			(880	)		49,665
Interest expense		31,084			(15,013	)		75			—			16,146
Interest income		(2	)		(23	)		(80	)		—			(105	)
Loss on extinguishments of debt		14,597			—			—			—			14,597
Income (loss) from continuing operations before taxes		(55,068	)		35,003			39,972			(880	)		19,027
Taxes (benefit) on income from continuing operations		(19,067	)		13,861			11,475			(1,354	)		4,915
Equity in net income of consolidated subsidiaries		135,081			73,039			—			(208,120	)		—
Income from continuing operations		99,080			94,181			28,497			(207,646	)		14,112
Operating (loss) income from discontinued operations		(37,944	)		39,411			62,289			—			63,756
Taxes (benefit) on income from discontinued operations		(16,676	)		6,331			10,019			—			(326	)
Income (loss) from discontinued operations		(21,268	)		33,080			52,270			—			64,082
Net income		77,812			127,261			80,767			(207,646	)		78,194
Less: Income from continuing operations attributable to noncontrolling interests		—			—			223			—			223
Less: Income from discontinued operations attributable to noncontrolling interest		—			—			159			—			159
Net income attributable to common shareholders	$	77,812		$	127,261		$	80,385		$	(207,646	)	$	77,812

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	94,646	$	—	$	496,275	$	—		$	590,921
Accounts receivable, net		555		303,839		494,396		(487,864	)		310,926
Inventories, net		—		194,630		115,861		(11,520	)		298,971
Prepaid expenses and other current assets		7,600		4,294		25,045		—			36,939
Prepaid taxes		27,510		—		10,167		—			37,677
Deferred tax assets		7,300		26,269		6,163		(420	)		39,312
Assets held for sale		—		2,738		5,288		—			8,026
Total current assets		137,611		531,770		1,153,195		(499,804	)		1,322,772
Property, plant and equipment, net		11,460		151,221		100,734		—			263,415
Goodwill		—		670,260		449,436		—			1,119,696
Intangibles assets, net		—		702,768		168,943		—			871,711
Investments in affiliates		5,019,605		983,656		20,292		(6,021,706	)		1,847
Deferred tax assets		64,488		—		2,008		(66,204	)		292
Other assets		41,467		2,567,079		173,760		(2,712,153	)		70,153
Total assets	$	5,274,631	$	5,606,754	$	2,068,368	$	(9,299,867	)	$	3,649,886
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		75,815		382,174		95,283		(490,942	)		62,330
Accrued expenses		22,798		26,693		35,018		—			84,509
Payroll and benefit-related liabilities		23,690		8,280		26,397		—			58,367
Derivative liabilities		1,496		—		—		—			1,496
Accrued interest		11,612		—		6		—			11,618
Income taxes payable		—		—		27,761		—			27,761
Current liability for uncertain tax positions		—		—		23,484		—			23,484
Deferred tax liabilities		—		—		1,501		(420	)		1,081
Total current liabilities		135,411		417,147		214,150		(491,362	)		275,346
Long-term borrowings		957,360		—		—		—			957,360
Deferred tax liabilities		—		417,424		61,436		(66,204	)		412,656
Pension and other postretirement benefit liabilities		137,539		33,907		15,618		—			187,064
Noncurrent liability for uncertain tax positions		13,288		18,281		31,468		—			63,037
Other liabilities		2,311,687		183		435,352		(2,714,645	)		32,577
Total liabilities		3,555,285		886,942		758,024		(3,272,211	)		1,928,040
Total common shareholders' equity		1,719,346		4,719,812		1,307,844		(6,027,656	)		1,719,346
Noncontrolling interest		—		—		2,500		—			2,500
Total equity		1,719,346		4,719,812		1,310,344		(6,027,656	)		1,721,846
Total liabilities and equity	$	5,274,631	$	5,606,754	$	2,068,368	$	(9,299,867	)	$	3,649,886

	December 31, 2011
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	114,531	$	—	$	469,557	$	—		$	584,088
Accounts receivable, net		269		304,813		464,834		(483,690	)		286,226
Inventories, net		—		201,147		107,188		(9,560	)		298,775
Prepaid expenses and other current assets		7,203		3,675		22,527		—			33,405
Prepaid taxes		24,006		—		4,869		(29	)		28,846
Deferred tax assets		8,659		26,886		5,883		(414	)		41,014
Assets held for sale		—		2,738		5,164		—			7,902
Total current assets		154,668		539,259		1,080,022		(493,693	)		1,280,256
Property, plant and equipment, net		8,208		149,300		94,404		—			251,912
Goodwill		—		1,001,353		437,189		—			1,438,542
Intangibles assets, net		—		711,962		167,825		—			879,787
Investments in affiliates		5,245,520		922,208		20,327		(6,186,047	)		2,008
Deferred tax assets		65,400		—		2,387		(67,509	)		278
Other assets		42,183		2,534,124		164,662		(2,669,649	)		71,320
Total assets	$	5,515,979	$	5,858,206	$	1,966,816	$	(9,416,898	)	$	3,924,103
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,986	$	—		$	4,986
Accounts payable		101,907		387,612		64,694		(487,121	)		67,092
Accrued expenses		23,208		25,407		29,545		—			78,160
Payroll and benefit-related liabilities		24,031		13,867		26,488		—			64,386
Derivative liabilities		633		—		—		—			633
Accrued interest		10,948		—		12		—			10,960
Income taxes payable		—		—		21,113		(29	)		21,084
Current liability for uncertain tax positions		—		—		22,656		—			22,656
Deferred tax liabilities		—		—		1,465		(415	)		1,050
Total current liabilities		160,727		426,886		170,959		(487,565	)		271,007
Long-term borrowings		954,809		—		—		—			954,809
Deferred tax liabilities		—		433,078		55,264		(67,509	)		420,833
Pension and other postretirement benefit liabilities		145,533		34,034		15,417		—			194,984
Noncurrent liability for uncertain tax positions		12,678		18,437		30,573		—			61,688
Other liabilities		2,261,644		5,749		442,464		(2,671,858	)		37,999
Total liabilities		3,535,391		918,184		714,677		(3,226,932	)		1,941,320
Total common shareholders' equity		1,980,588		4,940,022		1,249,944		(6,189,966	)		1,980,588
Noncontrolling interest		—		—		2,195		—			2,195
Total equity		1,980,588		4,940,022		1,252,139		(6,189,966	)		1,982,783
Total liabilities and equity	$	5,515,979	$	5,858,206	$	1,966,816	$	(9,416,898	)	$	3,924,103

                                                                      TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

	Three Months Ended April 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(44,812	)	$	72,411		$	(866	)	$	26,733
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(3,588	)		(7,637	)		(3,804	)		(15,029	)
Net cash used in investing activities from continuing operations		(3,588	)		(7,637	)		(3,804	)		(15,029	)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		—			—			(286	)		(286	)
Proceeds from stock compensation plans		1,594			—			—			1,594
Dividends		(13,866	)		—			—			(13,866	)
Intercompany transactions		43,382			(64,774	)		21,392			—
Net cash provided by (used in) financing activities from continuing operations		31,110			(64,774	)		21,106			(12,558	)
Cash Flows from Discontinued Operations:
Net cash used in operating activities		(2,595	)		—			—			(2,595	)
Net cash used in discontinued operations		(2,595	)		—			—			(2,595	)
Effect of exchange rate changes on cash and cash equivalents		—			—			10,282			10,282
Net (decrease) increase in cash and cash equivalents		(19,885	)		—			26,718			6,833
Cash and cash equivalents at the beginning of the period		114,531			—			469,557			584,088
Cash and cash equivalents at the end of the period	$	94,646		$	—		$	496,275		$	590,921

	Three Months Ended March 27, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(63,122	)	$	48,509		$	21,873		$	7,260
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(64	)		(4,110	)		(1,717	)		(5,891	)
Proceeds from sales of businesses and assets, net of cash sold		—			62,728			38,872			101,600
Payments for businesses and intangibles acquired, net of cash acquired		—			(30,570	)		—			(30,570	)
Net cash (used in) provided by investing activities from continuing operations		(64	)		28,048			37,155			65,139
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		265,000			—			—			265,000
Repayment of long-term borrowings		(330,800	)		—			—			(330,800	)
Proceeds from stock compensation plans		6,764			—			—			6,764
Dividends		(13,614	)		—			—			(13,614	)
Debt and equity issuance and amendment fees		(14,838	)		—			—			(14,838	)
Intercompany transactions		160,785			(76,557	)		(84,228	)		—
Net cash provided by (used in) financing activities from continuing operations		73,297			(76,557	)		(84,228	)		(87,488	)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(992	)		—			2,685			1,693
Net cash used in investing activities		(3	)		—			(799	)		(802	)
Net cash (used in) provided by discontinued operations		(995	)		—			1,886			891
Effect of exchange rate changes on cash and cash equivalents		—			—			8,044			8,044
Net increase (decrease) in cash and cash equivalents		9,116			—			(15,270	)		(6,154	)
Cash and cash equivalents at the beginning of the period		22,632			—			185,820			208,452
Cash and cash equivalents at the end of the period	$	31,748		$	—		$	170,550		$	202,298

XML

Taxes On Income From Continuing Operations

3 Months Ended

Apr. 01, 2012

Taxes On Income From Continuing Operations [Abstract]

Taxes On Income From Continuing Operations

Note 10 — Taxes on income from continuing operations

	Three Months Ended
	April 1, 2012			March 27, 2011
Effective income tax rate		1.4	%		25.8	%

The effective income tax rate for the three months ended April 1, 2012 was 1.4% compared to 25.8% for the three months ended March 27, 2011. The Company recorded a $332 million goodwill impairment charge in the quarter for which only $45 million of the goodwill was tax deductible. Accordingly, the principal driver for the lower tax rate for the three months ended April 1, 2012 is the Company's inability to realize the full benefit of this charge. In addition, the three months ended March 27, 2011 reflects a beneficial discrete charge for losses on extinguishments of debt during the first quarter of 2011.

XML

Goodwill And Other Intangible Assets

3 Months Ended

Apr. 01, 2012

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

Note 6 — Goodwill and other intangible assets

In the first quarter of 2012, the Company has changed its reporting structure to four reportable segments, three of which are geographically-based and one of which is comprised of the Company's OEM business. See Note 13, "Business segment information" for additional information on the Company's new reporting structure.

The following table provides information relating to changes in the carrying amount of goodwill, by reporting segment, for the three months ended April 1, 2012:

	North America Segment			EMEA Segment			AJLA Segment		OEM Segment		Total
	(Dollars in thousands)
Balance as of December 31, 2011
Goodwill	$	973,517		$	283,362		$	153,487	$	28,176	$	1,438,542
Accumulated impairment losses		—			—			—		—		—
		973,517			283,362			153,487		28,176		1,438,542
Goodwill impairment charges		(332,128	)		—			—		—		(332,128	)
Translation adjustment		16			8,441			4,825		—		13,282
Transfer of goodwill		679			(679	)		—		—		—
Balance as of April 1, 2012
Goodwill		974,212			291,124			158,312		28,176		1,451,824
Accumulated impairment losses		(332,128	)		—			—		—		(332,128	)
	$	642,084		$	291,124		$	158,312	$	28,176	$	1,119,696

See Note 4 for discussion on the goodwill impairment charges.

The following table provides information, as of April 1, 2012 and December 31, 2011, regarding the gross carrying amount of, and accumulated amortization relating to, intangible assets:

	Gross Carrying Amount				Accumulated Amortization
	April 1, 2012		December 31, 2011		April 1, 2012			December 31, 2011
	(Dollars in thousands)
Customer lists	$	539,013	$	537,094	$	(123,923	)	$	(117,505	)
Intellectual property		221,803		221,171		(90,284	)		(85,402	)
Distribution rights		16,798		16,669		(13,736	)		(13,484	)
Trade names		323,314		322,404		(1,274	)		(1,160	)
	$	1,100,928	$	1,097,338	$	(229,217	)	$	(217,551	)

Amortization expense related to intangible assets was approximately $10.9 million and $11.0 million for the three months ended April 1, 2012 and March 27, 2011, respectively. Estimated annual amortization expense for the remainder of 2012 and the next four succeeding fiscal years is as follows (dollars in thousands):

2012	$	32,500
2013		41,700
2014		37,700
2015		31,500
2016		31,500

XML

Pension And Other Postretirement Benefits (Schedule Of Net Benefit Cost Of Pension And Postretirement Benefit Plans) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Pension [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 678	$ 579
Interest cost	4,126	4,244
Expected return on plan assets	(5,043)	(4,901)
Net amortization and deferral	1,606	1,056
Net benefit cost	1,367	978
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	158	198
Interest cost	473	550
Net amortization and deferral	123	70
Net benefit cost	$ 754	$ 818

XML

Impairment Of Goodwill

3 Months Ended

Apr. 01, 2012

Impairment Of Goodwill [Abstract]

Impairment Of Goodwill

Note 4 — Impairment of goodwill

As we disclosed in our Form 10-K for the year ended December 31, 2011, we have changed our internal business unit reporting structure and related internal financial reporting effective January 1, 2012 and changed from six reporting units to ten reporting units. The change included converting our current North America business, which is one of the four operating segments, from one reporting unit into five reporting units. As a result, we allocated the assets and liabilities of the North America segment to the new reporting units based on the operating activities of the new reporting units, and then allocated goodwill among the reporting units using a relative fair value approach as required by ASC 350. The fair value of each reporting unit was determined by a weighted combination of (i) estimation of the discounted cash flows of each of the reporting units based on projected earnings in the future (the income approach) and (ii) analysis of sales of similar assets in actual transactions (the market approach).

Following this allocation, we were required to perform goodwill impairment tests on these new reporting units in the first quarter of 2012. As a result of these tests, we determined that three of the reporting units in the North America operating segment were impaired, and we recorded goodwill impairment charges of $220 million in the Vascular reporting unit, $107 million in the Anesthesia/Respiratory reporting unit and $5 million in the Cardiac reporting unit in the first quarter of 2012.

XML

Inventories

3 Months Ended

Apr. 01, 2012

Inventories [Abstract]

Inventories

Note 5 — Inventories

Inventories as of April 1, 2012 and December 31, 2011 consisted of the following:

	April  1, 2012			December  31, 2011
	(Dollars in thousands)
Raw materials	$	88,770		$	87,621
Work-in-process		47,939			45,486
Finished goods		194,934			198,587
		331,643			331,694
Less: Inventory reserve		(32,672	)		(32,919	)
Inventories	$	298,971		$	298,775

XML

Financial Instruments

3 Months Ended

Apr. 01, 2012

Financial Instruments [Abstract]

Financial Instruments

Note 7 — Financial instruments

The Company uses derivative instruments for risk management purposes. Forward rate contracts are used to manage foreign currency transaction exposure. These derivative instruments are designated as cash flow hedges and are recorded on the balance sheet at fair market value. The effective portion of the gains or losses on derivatives is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivatives representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. See Note 8, "Fair value measurement" for additional information.

The following table presents the location and fair values of derivative instruments designated as hedging instruments in the condensed consolidated balance sheet as of April 1, 2012 and December 31, 2011:

	April 1, 2012 Fair Value		December 31, 2011 Fair Value
	(Dollars in thousands)
Asset derivatives:
Foreign exchange contracts:
Other assets – current	$	1,432	$	204
Total asset derivatives	$	1,432	$	204
Liability derivatives:
Foreign exchange contracts:
Derivative liabilities – current	$	1,496	$	633
Total liability derivatives	$	1,496	$	633

The following table provides information as to the gains and losses attributable to derivatives in cash flow hedging relationships that were reported in other comprehensive income ("OCI"), and the location and amount of gains and losses attributable to such derivatives that were reclassified from accumulated other comprehensive income ("AOCI") in the condensed consolidated statement of income for the three months ended April 1, 2012 and March 27, 2011:

	After Tax Gain/(Loss) Recognized in OCI
	April 1, 2012		March 27, 2011
	(Dollars in thousands)
Interest rate contracts	$	2,386	$	1,657
Foreign exchange contracts		74		249
Total	$	2,460	$	1,906

	Pre-Tax (Gain)/Loss Reclassified from AOCI into Income
	April 1, 2012			March 27, 2011
	(Dollars in thousands)
Interest rate contracts:
Interest expense	$	3,751		$	3,720
Foreign exchange contracts
Cost of goods sold		(897	)		(584	)
Income from discontinued operations		—			(435	)
Total	$	2,854		$	2,701

For the three months ended April 1, 2012 and March 27, 2011, there was no ineffectiveness related to the Company's derivatives.

In 2011, the Company terminated its interest rate swap covering a notional amount of $350 million designated as a hedge against the variability of the cash flows in the interest payments under the term loan. At April 1, 2012, the Company had $4.6 million, net of tax, recorded in AOCI associated with this interest rate swap, which will be amortized as interest expense over the remaining life of the original term of the hedged obligation, which expires in September 2012.

Based on interest rates and exchange rates at April 1, 2012, approximately $4.8 million of unrealized losses, net of tax, within AOCI are expected to be reclassified from AOCI during the next twelve months. However, the actual amount reclassified from AOCI could vary due to future changes in exchange rates.

XML

Business Segment Information (Schedule Of Segment Results) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012		Mar. 27, 2011		Dec. 31, 2011
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues from external customers	$ 387,757		$ 354,004
Segment operating profit	185,835		164,504
Assets	3,649,886		3,678,803		3,924,103
Expenditures for property, plant and equipment	15,029		5,891
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Intersegment revenues	39,564		34,225
EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Intersegment revenues	17,719		14,296
AJLA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Intersegment revenues	248		83
OEM [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Intersegment revenues	1,863		1,631
Segment [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues from external customers	387,757		354,004
Depreciation and amortization	23,329		24,641
Segment operating profit	60,895	[1]	50,260	[1]
Assets	2,848,940		3,197,282
Expenditures for property, plant and equipment	11,441		5,827
Segment [Member] | North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues from external customers	167,308		152,724
Depreciation and amortization	15,313		16,431
Segment operating profit	22,790	[1]	20,270	[1]
Assets	1,689,959		2,051,084
Expenditures for property, plant and equipment	3,839		3,420
Segment [Member] | EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues from external customers	134,600		125,450
Depreciation and amortization	5,149		5,282
Segment operating profit	21,578	[1]	16,864	[1]
Assets	815,566		828,744
Expenditures for property, plant and equipment	2,695		1,415
Segment [Member] | AJLA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues from external customers	46,988		42,033
Depreciation and amortization	1,250		1,316
Segment operating profit	11,192	[1]	9,775	[1]
Assets	253,703		235,488
Expenditures for property, plant and equipment	7		49
Segment [Member] | OEM [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues from external customers	38,861		33,797
Depreciation and amortization	1,617		1,612
Segment operating profit	5,335	[1]	3,351	[1]
Assets	89,712		81,966
Expenditures for property, plant and equipment	$ 4,900		$ 943

[1] Segment operating profit includes a segment's net revenues from external customers reduced by its cost of goods sold, selling, general and administrative expenses, and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense, loss on extinguishment of debt and taxes on income.

XML

Business Segment Information (Schedule Of Reconciliation Of Segment Assets To Condensed Consolidated Total Assets) (Details) (USD $)										3 Months Ended
	Apr. 01, 2012	Dec. 31, 2011	Mar. 27, 2011	Apr. 01, 2012 Segment [Member]	Mar. 27, 2011 Segment [Member]	Apr. 01, 2012 Corporate Assets [Member]		Mar. 27, 2011 Corporate Assets [Member]		Mar. 27, 2011 Assets Of Businesses Divested [Member]		Apr. 01, 2012 Assets Held For Sale [Member]	Mar. 27, 2011 Assets Held For Sale [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 3,649,886,000	$ 3,924,103,000	$ 3,678,803,000	$ 2,848,940,000	$ 3,197,282,000	$ 792,920,000	[1]	$ 371,285,000	[1]	$ 101,873,000	[2]	$ 8,026,000	$ 8,363,000
Reclassification of previously reported assets held for sale										$ 31,800,000

[1] Increase in corporate assets from the prior period reflects higher cash balances as a result of sale of businesses at the end of 2011.

[2] Includes $31.8 million of assets previously reported as assets held for sale in 2011.

XML

Business Segment Information (Narrative) (Details)	3 Months Ended	12 Months Ended
	Apr. 01, 2012 segment	Dec. 31, 2011 segment
Business Segment Information [Abstract]
Markets the company's operating segments serve	2
Number of operating segments	4	1
Number of geographical operating segments	3

XML

Business Segment Information (Tables)

3 Months Ended

Apr. 01, 2012

Business Segment Information [Abstract]

Schedule Of Segment Results

	Three Months Ended April 1, 2012
Segment Results	North America		EMEA		AJLA		OEM		Totals
	(Dollars in thousands)
Segment net revenues from external customers	$	167,308	$	134,600	$	46,988	$	38,861	$	387,757
Segment depreciation and amortization		15,313		5,149		1,250		1,617		23,329
Segment operating profit(1)		22,790		21,578		11,192		5,335		60,895
Segment assets		1,689,959		815,566		253,703		89,712		2,848,940
Segment expenditures for property, plant and equipment		3,839		2,695		7		4,900		11,441
Intersegment revenues		39,564		17,719		248		1,863

	Three Months Ended March 27, 2011
Segment Results	North America		EMEA		AJLA		OEM		Totals
	(Dollars in thousands)
Segment net revenues from external customers	$	152,724	$	125,450	$	42,033	$	33,797	$	354,004
Segment depreciation and amortization		16,431		5,282		1,316		1,612		24,641
Segment operating profit(1)		20,270		16,864		9,775		3,351		50,260
Segment assets		2,051,084		828,744		235,488		81,966		3,197,282
Segment expenditures for property, plant and equipment		3,420		1,415		49		943		5,827
Intersegment revenues		34,225		14,296		83		1,631

(1) Segment operating profit includes a segment's net revenues from external customers reduced by its cost of goods sold, selling, general and administrative expenses, and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense, loss on extinguishment of debt and taxes on income.

Schedule Of Reconciliation Of Segment Operating Profit To Income From Continuing Operations Before Interest

Reconciliation of Segment Operating Profit to Income from Continuing Operations Before Interest, Loss on Extinguishments of Debt and Taxes	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in thousands)
Segment operating profit	$	60,895		$	50,260
Goodwill impairment		332,128			—
Restructuring and other impairment charges		(838	)		595
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	$	(270,395	)	$	49,665

Schedule Of Reconciliation Of Segment Assets To Condensed Consolidated Total Assets

Reconciliation of Segment Assets to Condensed Consolidated Total Assets	April 1, 2012		March 27, 2011
	(Dollars in thousands)
Segment assets	$	2,848,940	$	3,197,282
Corporate assets (1)		792,920		371,285
Assets of businesses divested (2)		—		101,873
Assets held for sale		8,026		8,363
Total assets	$	3,649,886	$	3,678,803

(1) Increase in corporate assets from the prior period reflects higher cash balances as a result of sale of businesses at the end of 2011.

(2) Includes $31.8 million of assets previously reported as assets held for sale in 2011.

Schedule Of Reconciliation Of Segment Expenditures For Property, Plant And Equipment To Condensed Consolidated Total Expenditures For Property, Plant And Equipment

Reconciliation of Segment Expenditures for Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plan and Equipment	Three Months Ended
	April 1, 2012		March 27, 2011
	(Dollars in thousands)
Segment expenditures for property, plant and equipment	$	11,441	$	5,827
Corporate expenditures for property, plant and equipment		3,588		64
Total expenditures for property, plant and equipment	$	15,029	$	5,891

XML

Fair Value Measurement (Narrative) (Details) (USD $)	3 Months Ended
	Apr. 01, 2012	Dec. 31, 2011
Fair Value Measurement [Abstract]
Contingent consideration in other current liabilities	$ 8,900,000
Carrying amount of long-term debt	957,360,000	954,809,000
Fair value of debt	$ 1,110,700,000
Objective net asset value of money market funds, per share	$ 1.00

XML

Commitments And Contingent Liabilities

3 Months Ended

Apr. 01, 2012

Commitments And Contingent Liabilities [Abstract]

Commitments And Contingent Liabilities

Note 12 — Commitments and contingent liabilities

Product warranty liability: The Company warrants to the original purchasers of certain of its products that it will, at its option, repair or replace such products, without charge, if they fail due to a manufacturing defect. Warranty periods vary by product. The Company has recourse provisions for certain products that would enable recovery from third parties for amounts paid under the warranty. The Company accrues for product warranties when, based on available information, it is probable that customers will make claims under warranties relating to products that have been sold, and a reasonable estimate of the costs (based on historical claims experience relative to sales) can be made. The following table provides information regarding changes in the Company's product warranty liability accruals for the three months ended April 1, 2012 (dollars in thousands):

Balance – December 31, 2011	$	7,935
Accruals for warranties issued in 2012		22
Settlements (cash and in kind)		(15	)
Accruals related to pre-existing warranties (a)		(1,252	)
Balance – April 1, 2012	$	6,690

(a) Including those related to divested businesses. See Note 15, "Divestiture-related activities" for additional information.

Operating leases: The Company uses various leased facilities and equipment in its operations. The terms for these leased assets vary depending on the lease agreement. In connection with these operating leases, the Company had residual value guarantees in the amount of approximately $1.9 million at April 1, 2012. The Company's future payments under the operating leases cannot exceed the minimum rent obligation plus the residual value guarantee amount. The residual value guarantee amounts are based upon the unamortized lease values of the assets under lease, and are payable by the Company if the Company declines to renew the leases or to exercise its purchase option with respect to the leased assets. At April 1, 2012, the Company had no liabilities recorded for these obligations. Any residual value guarantee amounts paid to the lessor may be recovered by the Company from the sale of the assets to a third party.

Environmental: The Company is subject to contingencies as a result of environmental laws and regulations that in the future may require the Company to take further action to correct the effects on the environment of prior disposal practices or releases of chemical or petroleum substances by the Company or other parties. Much of this liability results from the U.S. Comprehensive Environmental Response, Compensation and Liability Act ("CERCLA"), often referred to as Superfund, the U.S. Resource Conservation and Recovery Act ("RCRA") and similar state laws. These laws require the Company to undertake certain investigative and remedial activities at sites where the Company conducts or once conducted operations or at sites where Company-generated waste was disposed.

Remediation activities vary substantially in duration and cost from site to site. These activities, and their associated costs, depend on the mix of unique site characteristics, evolving remediation technologies, diverse regulatory agencies and enforcement policies, as well as the presence or absence of other potentially responsible parties. At April 1, 2012, the Company's condensed consolidated balance sheet included an accrued liability of approximately $9.0 million relating to these matters. Considerable uncertainty exists with respect to these costs and, if adverse changes in circumstances occur, potential liability may exceed the amount accrued as of April 1, 2012. The time frame over which the accrued amounts may be paid out, based on past history, is estimated to be 15-20 years.

Litigation: The Company is a party to various lawsuits and claims arising in the normal course of business. These lawsuits and claims include actions involving product liability, intellectual property, employment and environmental matters. Based on information currently available, advice of counsel, established reserves and other resources, the Company does not believe that any such actions are likely to be, individually or in the aggregate, material to its business, financial condition, results of operations or liquidity. However, litigation is subject to many uncertainties, and the outcome of litigation is not predictable with assurance. An adverse outcome in current or future litigation could have a material adverse effect on the Company's business, financial condition, results of operations or liquidity. Legal costs such as outside counsel fees and expenses are charged to expense in the period incurred.

Tax audits and examinations: The Company and its subsidiaries are routinely subject to tax examinations by various taxing authorities. As of April 1, 2012, the most significant tax examinations in process are in Canada, Czech Republic, Germany, France and Italy. In conjunction with these examinations and as a regular and routine practice, the Company may determine a need to establish certain reserves or to adjust existing reserves with respect to uncertain tax positions. Accordingly, developments occurring with respect to these examinations, including resolution of uncertain tax positions, could result in increases or decreases to our recorded tax liabilities, which could impact our financial results.

Other: The Company has various purchase commitments for materials, supplies and items of permanent investment incident to the ordinary conduct of business. On average, such commitments are not at prices in excess of current market.

XML

Inventories (Tables)

3 Months Ended

Apr. 01, 2012

Inventories [Abstract]

Schedule Of Inventories

	April  1, 2012			December  31, 2011
	(Dollars in thousands)
Raw materials	$	88,770		$	87,621
Work-in-process		47,939			45,486
Finished goods		194,934			198,587
		331,643			331,694
Less: Inventory reserve		(32,672	)		(32,919	)
Inventories	$	298,971		$	298,775

XML

Financial Instruments (After Tax Gain/(Loss) Recognized In OCI) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Derivatives, Fair Value [Line Items]
After Tax Gain/(Loss) Recognized in OCI, Total	$ 2,460	$ 1,906
Interest Rate Contracts [Member]
Derivatives, Fair Value [Line Items]
After Tax Gain/(Loss) Recognized in OCI, Total	2,386	1,657
Foreign Exchange Contracts [Member]
Derivatives, Fair Value [Line Items]
After Tax Gain/(Loss) Recognized in OCI, Total	$ 74	$ 249

XML

Restructuring And Other Impairment Charges (Schedule Of Changes In Accrued Liability Associated With Restructuring Program) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012
Restructuring Cost and Reserve [Line Items]
Balance, beginning	$ 2,474
Subsequent Accruals	(1,931)
Payments	(125)
Translation	176
Balance, ending	594
Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Balance, beginning	320
Payments	(3)
Translation	8
Balance, ending	325
Facility Closure Costs [Member]
Restructuring Cost and Reserve [Line Items]
Subsequent Accruals	92
Payments	(92)
Contract Termination Costs [Member]
Restructuring Cost and Reserve [Line Items]
Balance, beginning	2,133
Subsequent Accruals	(2,023)
Payments	(30)
Translation	167
Balance, ending	247
Other Restructuring Costs [Member]
Restructuring Cost and Reserve [Line Items]
Balance, beginning	21
Translation	1
Balance, ending	$ 22

XML

Condensed Consolidated Statements Of Comprehensive Income (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Condensed Consolidated Statements Of Comprehensive Income [Abstract]
Tax on foreign currency translation continuing operations adjustments	$ 4,213	$ 2,348
Tax on prior service cost recognized in net periodic cost	(2)	(2)
Tax on transition obligation recognized in net periodic cost	9	10
Tax on unamortized gain arising during the period		2,883
Tax on net (gain) loss recognized in net periodic cost	605	400
Tax on discontinued operations		(14)
Tax on divestiture of Marine		4,612
Tax on foreign currency translation	(50)	(182)
Tax on unrealized gain (loss) on derivatives arising during the period	321	231
Tax on reclassification adjustment on derivatives included in net income	1,087	1,211
Tax on discontinued operations		$ 81

XML

Basis Of Presentation

3 Months Ended

Apr. 01, 2012

Basis Of Presentation [Abstract]

Basis Of Presentation

Note 1 — Basis of presentation

We prepared the accompanying unaudited condensed consolidated financial statements of Teleflex Incorporated on the same basis as our annual consolidated financial statements.

In the opinion of management, our financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair presentation of financial statements for interim periods in accordance with U.S. generally accepted accounting principles (GAAP) and with Rule 10-01 of SEC Regulation S-X, which sets forth the instructions for financial statements included in Form 10-Q. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our financial statements, as well as the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.

In accordance with applicable accounting standards, the accompanying condensed consolidated financial statements do not include all of the information and footnote disclosures that are required to be included in our annual consolidated financial statements. The year-end condensed balance sheet data was derived from audited financial statements, but, as permitted by Rule 10-01 of SEC Regulation S-X, does not include all disclosures required by GAAP for complete financial statements. Accordingly, our quarterly condensed consolidated financial statements should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2011.

Certain reclassifications of prior year information have been made to conform to the current year's presentation. As discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2011, in the first quarter of 2012, the Company changed its segment reporting from a single reportable segment to four reportable segments. Three of the four reportable segments are geographically based: North America, EMEA (representing the Company's operations in Europe, the Middle East and Africa) and AJLA (representing Asian and Latin American operations); and the fourth is comprised of the Company's Original Equipment Manufacturer and Development Services ("OEM") businesses. See Note 13 for a discussion of the Company's segments. In addition, in the first quarter of 2012, the Company changed the number of its reporting units. In 2011, the Company had six reporting units comprised of North America, EMEA, OEM and three reporting units in the AJLA segment. In 2012, the Company changed North America from a single reporting unit to five reporting units comprised of Vascular, Anesthesia/Respiratory, Cardiac, Surgical and Specialty. As a result of the change in the reporting unit structure in North America the Company was required to conduct a goodwill impairment test of each of the North American reporting units and determined that the goodwill of three of the reporting units was impaired. As a result, the Company recorded a goodwill impairment charge in the first quarter of 2012 of $332 million. See Note 4 for a discussion of the goodwill impairment.

As used in this report, the terms "we," "us," "our," "Teleflex" and the "Company" mean Teleflex Incorporated and its subsidiaries, unless the context indicates otherwise. The results of operations for the periods reported are not necessarily indicative of those that may be expected for a full year.

XML

Taxes On Income From Continuing Operations (Schedule Of Effective Income Tax Rate) (Details) (USD $)	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Taxes On Income From Continuing Operations [Abstract]
Effective income tax rate	1.40%	25.80%
Goodwill impairment	$ 332,128,000
Goodwill, tax deductible amount	$ 45,000,000

XML

Condensed Consolidated Guarantor Financial Information (Schedule Of Condensed Consolidating Statements Of Income) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Net revenues	$ 387,757	$ 354,004
Cost of goods sold	201,922	189,500
Gross profit	185,835	164,504
Selling, general and administrative expenses	113,378	103,206
Research and development expenses	11,562	11,038
Goodwill impairment	332,128
Restructuring and other impairment charges	(838)	595
Income (loss) from continuing operations before interest and taxes	(270,395)	49,665
Interest expense	18,211	16,146
Interest income	(478)	(105)
Loss on extinguishments of debt		14,597
Income (loss) from continuing operations before taxes	(288,128)	19,027
Taxes (benefit) on income from continuing operations	(4,019)	4,915
Income (loss) from continuing operations	(284,109)	14,112
Operating income from discontinued operations	946	63,756
Taxes on income from discontinued operations	345	(326)
Income from discontinued operations	601	64,082
Net income (loss)	(283,508)	78,194
Less: Income from continuing operations attributable to noncontrolling interest	227	223
Less: Income from discontinued operations attributable to noncontrolling interest		159
Net income (loss) attributable to common shareholders	(283,735)	77,812
Parent Company [Member]
Selling, general and administrative expenses	15,582	9,389
Income (loss) from continuing operations before interest and taxes	(15,582)	(9,389)
Interest expense	36,749	31,084
Interest income	(125)	(2)
Loss on extinguishments of debt		14,597
Income (loss) from continuing operations before taxes	(52,206)	(55,068)
Taxes (benefit) on income from continuing operations	(17,921)	(19,067)
Equity in net income of consolidated subsidiaries	(250,051)	135,081
Income (loss) from continuing operations	(284,336)	99,080
Operating income from discontinued operations	946	(37,944)
Taxes on income from discontinued operations	345	(16,676)
Income from discontinued operations	601	(21,268)
Net income (loss)	(283,735)	77,812
Net income (loss) attributable to common shareholders	(283,735)	77,812
Guarantor Subsidiaries [Member]
Net revenues	245,687	226,826
Cost of goods sold	147,525	137,422
Gross profit	98,162	89,404
Selling, general and administrative expenses	63,168	59,465
Research and development expenses	9,916	9,384
Goodwill impairment	331,779
Restructuring and other impairment charges	(1,443)	588
Income (loss) from continuing operations before interest and taxes	(305,258)	19,967
Interest expense	(20,451)	(15,013)
Interest income	(8)	(23)
Income (loss) from continuing operations before taxes	(284,799)	35,003
Taxes (benefit) on income from continuing operations	287	13,861
Equity in net income of consolidated subsidiaries	30,996	73,039
Income (loss) from continuing operations	(254,090)	94,181
Operating income from discontinued operations		39,411
Taxes on income from discontinued operations		6,331
Income from discontinued operations		33,080
Net income (loss)	(254,090)	127,261
Net income (loss) attributable to common shareholders	(254,090)	127,261
Non-Guarantor Subsidiaries [Member]
Net revenues	204,921	181,858
Cost of goods sold	115,287	106,534
Gross profit	89,634	75,324
Selling, general and administrative expenses	34,971	33,696
Research and development expenses	1,646	1,654
Goodwill impairment	349
Restructuring and other impairment charges	605	7
Income (loss) from continuing operations before interest and taxes	52,063	39,967
Interest expense	1,913	75
Interest income	(345)	(80)
Income (loss) from continuing operations before taxes	50,495	39,972
Taxes (benefit) on income from continuing operations	13,897	11,475
Income (loss) from continuing operations	36,598	28,497
Operating income from discontinued operations		62,289
Taxes on income from discontinued operations		10,019
Income from discontinued operations		52,270
Net income (loss)	36,598	80,767
Less: Income from continuing operations attributable to noncontrolling interest	227	223
Less: Income from discontinued operations attributable to noncontrolling interest		159
Net income (loss) attributable to common shareholders	36,371	80,385
Eliminations [Member]
Net revenues	(62,851)	(54,680)
Cost of goods sold	(60,890)	(54,456)
Gross profit	(1,961)	(224)
Selling, general and administrative expenses	(343)	656
Income (loss) from continuing operations before interest and taxes	(1,618)	(880)
Income (loss) from continuing operations before taxes	(1,618)	(880)
Taxes (benefit) on income from continuing operations	(282)	(1,354)
Equity in net income of consolidated subsidiaries	219,055	(208,120)
Income (loss) from continuing operations	217,719	(207,646)
Net income (loss)	217,719	(207,646)
Net income (loss) attributable to common shareholders	$ 217,719	$ (207,646)

XML

Goodwill And Other Intangible Assets (Tables)

3 Months Ended

Apr. 01, 2012

Goodwill And Other Intangible Assets [Abstract]

Schedule Of Changes In The Carrying Amount Of Goodwill, By Reporting Segment

	North America Segment			EMEA Segment			AJLA Segment		OEM Segment		Total
	(Dollars in thousands)
Balance as of December 31, 2011
Goodwill	$	973,517		$	283,362		$	153,487	$	28,176	$	1,438,542
Accumulated impairment losses		—			—			—		—		—
		973,517			283,362			153,487		28,176		1,438,542
Goodwill impairment charges		(332,128	)		—			—		—		(332,128	)
Translation adjustment		16			8,441			4,825		—		13,282
Transfer of goodwill		679			(679	)		—		—		—
Balance as of April 1, 2012
Goodwill		974,212			291,124			158,312		28,176		1,451,824
Accumulated impairment losses		(332,128	)		—			—		—		(332,128	)
	$	642,084		$	291,124		$	158,312	$	28,176	$	1,119,696

Components Of Intangible Assets

	Gross Carrying Amount				Accumulated Amortization
	April 1, 2012		December 31, 2011		April 1, 2012			December 31, 2011
	(Dollars in thousands)
Customer lists	$	539,013	$	537,094	$	(123,923	)	$	(117,505	)
Intellectual property		221,803		221,171		(90,284	)		(85,402	)
Distribution rights		16,798		16,669		(13,736	)		(13,484	)
Trade names		323,314		322,404		(1,274	)		(1,160	)
	$	1,100,928	$	1,097,338	$	(229,217	)	$	(217,551	)

Schedule Of Estimated Annual Amortization Expense

2012	$	32,500
2013		41,700
2014		37,700
2015		31,500
2016		31,500

XML

Restructuring And Other Impairment Charges (Narrative) (Details) (USD $)	3 Months Ended
	Apr. 01, 2012	Mar. 27, 2011
Restructuring Cost and Reserve [Line Items]
Number of facilities under restructuring program	4
Asset impairment charges	$ 0	$ 0
Facility closure costs	900,000
2012 restructuring charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	605,000
Other restructuring costs	500,000
Contract Termination Costs [Member] | 2012 restructuring charges [Member]
Restructuring Cost and Reserve [Line Items]
Facility closure costs	2,700,000
Facilities Consolidation [Member] | 2012 restructuring charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	500,000
Termination benefits	300,000
Facility closure costs	200,000
Termination of European Distributor Agreements [Member] | 2012 restructuring charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 600,000

XML

Pension And Other Postretirement Benefits

3 Months Ended

Apr. 01, 2012

Pension And Other Postretirement Benefits [Abstract]

Pension And Other Postretirement Benefits

Note 11 — Pension and other postretirement benefits

The Company has a number of defined benefit pension and postretirement plans covering eligible U.S. and non-U.S. employees. The defined benefit pension plans are noncontributory. The benefits under these plans are based primarily on years of service and employees' pay near retirement. The Company's funding policy for U.S. plans is to contribute annually, at a minimum, amounts required by applicable laws and regulations. Obligations under non-U.S. plans are systematically provided for by depositing funds with trustees or by book reserves. In 2008 the Company amended the Teleflex Retirement Income Plan ("TRIP") to cease future benefit accruals for all employees, other than those subject to a collective bargaining agreement and amended its Supplemental Executive Retirement Plans ("SERP") for all executives to cease future benefit accruals for both employees and executives as of December 31, 2008. The Company replaced the non-qualified defined benefits provided under the SERP with a non-qualified defined contribution arrangement under the Company's Deferred Compensation Plan, effective January 1, 2009. In addition, in 2008, the Company's postretirement benefit plans were amended to eliminate future benefits for employees, other than those subject to a collective bargaining agreement, who had not attained age 50 and whose age plus service was less than 65.

The Company and certain of its subsidiaries provide medical, dental and life insurance benefits to pensioners and survivors. The associated plans are unfunded and approved claims are paid from Company funds.

Net benefit cost of pension and postretirement benefit plans consisted of the following:

	Pension Three Months Ended						Other Postretirement  Benefits Three Months Ended
	April 1, 2012			March 27, 2011			April 1, 2012		March 27, 2011
	(Dollars in thousands)
Service cost	$	678		$	579		$	158	$	198
Interest cost		4,126			4,244			473		550
Expected return on plan assets		(5,043	)		(4,901	)		—		—
Net amortization and deferral		1,606			1,056			123		70
Net benefit cost	$	1,367		$	978		$	754	$	818

The increase in net amortization expense for the pension and postretirement benefit plans reflects the loss in actuarial changes in benefit obligation recorded at December 31, 2011.

The Company is required to make minimum pension contributions totaling $19.5 million during 2012, of which $7.9 million were made during the three months ended April 1, 2012.