10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

¨ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

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 41,125,594 shares of common stock, $1.00 par value, outstanding as of July 19, 2013.

TELEFLEX INCORPORATED

QUARTERLY REPORT ON FORM 10-Q

FOR THE QUARTER ENDED JUNE 30, 2013

TABLE OF CONTENTS

		Page
PART I — FINANCIAL INFORMATION
Item 1:	Financial Statements (Unaudited):
	Condensed Consolidated Statements of Income (Loss) for the three and six months ended June  30, 2013 and July 1, 2012	2
	Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six  months ended June 30, 2013 and July 1, 2012	3
	Condensed Consolidated Balance Sheets as of June 30, 2013 and December 31, 2012	4
	Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2013 and July  1, 2012	5
	Condensed Consolidated Statements of Changes in Equity for the six months ended June  30, 2013 and July 1, 2012	6
	Notes to Condensed Consolidated Financial Statements	7
Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations	37
Item 3:	Quantitative and Qualitative Disclosures About Market Risk	47
Item 4:	Controls and Procedures	47
PART II — OTHER INFORMATION
Item 1:	Legal Proceedings	48
Item 1A:	Risk Factors	48
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds	48
Item 3:	Defaults Upon Senior Securities	48
Item 5:	Other Information	48
Item 6:	Exhibits	49
SIGNATURES		50

1

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(Unaudited)

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars and shares in thousands, except per share)
Net revenues	$	420,059		$	383,332		$	831,936		$	763,899
Cost of goods sold		210,569			198,968			421,926			395,421
Gross profit		209,490			184,364			410,010			368,478
Selling, general and administrative expenses		116,253			105,951			243,203			218,087
Research and development expenses		16,524			13,702			31,531			25,255
Goodwill impairment		—			—			—			332,128
Restructuring and other impairment charges		12,962			321			22,121			(1,004	)
Gain on sales of businesses and assets		—			(332	)		—			(332	)
Income (loss) from continuing operations before interest and taxes		63,751			64,722			113,155			(205,656	)
Interest expense		14,425			18,240			28,618			36,451
Interest income		(157	)		(506	)		(314	)		(984	)
Income (loss) from continuing operations before taxes		49,483			46,988			84,851			(241,123	)
Taxes (benefit) on income (loss) from continuing operations		6,082			(278	)		13,749			(4,276	)
Income (loss) from continuing operations		43,401			47,266			71,102			(236,847	)
Operating loss from discontinued operations (including gain on disposal of $2,264 for the three and six month periods in 2012)		(1,026	)		(8,049	)		(1,784	)		(7,120	)
Tax benefit on loss from discontinued operations		(260	)		(3,682	)		(556	)		(3,358	)
Loss from discontinued operations		(766	)		(4,367	)		(1,228	)		(3,762	)
Net income (loss)		42,635			42,899			69,874			(240,609	)
Less: Income from continuing operations attributable to noncontrolling interest		194			286			395			513
Net income (loss) attributable to common shareholders	$	42,441		$	42,613		$	69,479		$	(241,122	)
Earnings per share available to common shareholders:
Basic:
Income (loss) from continuing operations	$	1.05		$	1.15		$	1.72		$	(5.82	)
Loss from discontinued operations		(0.02	)		(0.11	)		(0.03	)		(0.09	)
Net income (loss)	$	1.03		$	1.04		$	1.69		$	(5.91	)
Diluted:
Income (loss) from continuing operations	$	0.99		$	1.14		$	1.64		$	(5.82	)
Loss from discontinued operations		(0.01	)		(0.10	)		(0.03	)		(0.09	)
Net income (loss)	$	0.98		$	1.04		$	1.61		$	(5.91	)
Dividends per common share	$	0.34		$	0.34		$	0.68		$	0.68
Weighted average common shares outstanding:
Basic		41,115			40,834			41,064			40,801
Diluted		43,429			41,076			43,238			40,801
Amounts attributable to common shareholders:
Income (loss) from continuing operations, net of tax	$	43,207		$	46,980		$	70,707		$	(237,360	)
Loss from discontinued operations, net of tax		(766	)		(4,367	)		(1,228	)		(3,762	)
Net income (loss)	$	42,441		$	42,613		$	69,479		$	(241,122	)

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

2

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited)

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in thousands)
Net income (loss)	$	42,635		$	42,899		$	69,874		$	(240,609	)
Other comprehensive loss, net of tax:
Foreign currency translation, net of tax of $4,461, $(13,397), $(1,353) and $(9,184) for the three and six month periods, respectively		(6,100	)		(66,391	)		(32,805	)		(35,708	)
Pension and other postretirement benefits plans adjustment, net of tax of $519, $697, $1,023 and $1,257 for the three and six month periods, respectively		866			1,358			1,956			2,336
Derivatives qualifying as hedges, net of tax of $(111), $1,057, $(7) and $2,465 for the three and six month periods, respectively		(192	)		1,846			(12	)		4,306
Other comprehensive loss, net of tax		(5,426	)		(63,187	)		(30,861	)		(29,066	)
Comprehensive income (loss)		37,209			(20,288	)		39,013			(269,675	)
Less: comprehensive income attributable to noncontrolling interest		2			44			244			349
Comprehensive income (loss) attributable to common shareholders	$	37,207		$	(20,332	)	$	38,769		$	(270,024	)

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

3

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

	June 30, 2013		December 31, 2012
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	281,418	$	337,039
Accounts receivable, net		311,881		297,976
Inventories, net		348,608		323,347
Prepaid expenses and other current assets		27,770		28,712
Prepaid taxes		33,123		27,160
Deferred tax assets		45,971		46,882
Assets held for sale		7,935		7,963
Total current assets		1,056,706		1,069,079
Property, plant and equipment, net		311,464		297,945
Goodwill		1,240,592		1,249,456
Intangible assets, net		1,052,845		1,058,792
Investments in affiliates		1,890		2,066
Deferred tax assets		86		296
Other assets		60,554		61,863
Total assets	$	3,724,137	$	3,739,497
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	4,700	$	4,700
Accounts payable		76,493		75,165
Accrued expenses		78,150		65,064
Current portion of contingent consideration		12,369		23,693
Payroll and benefit-related liabilities		61,115		74,586
Accrued interest		8,960		9,418
Income taxes payable		17,917		15,573
Other current liabilities		3,531		6,206
Total current liabilities		263,235		274,405
Long-term borrowings		970,825		965,280
Deferred tax liabilities		413,546		419,266
Pension and postretirement benefit liabilities		156,423		170,946
Noncurrent liability for uncertain tax positions		67,152		68,292
Other liabilities		51,429		59,771
Total liabilities		1,922,610		1,957,960
Commitments and contingencies
Total common shareholders’ equity		1,799,432		1,778,950
Noncontrolling interest		2,095		2,587
Total equity		1,801,527		1,781,537
Total liabilities and equity	$	3,724,137	$	3,739,497

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)

	Six Months Ended
	June 30, 2013			July 1, 2012
	(Dollars in thousands)
Cash Flows from Operating Activities of Continuing Operations:
Net income (loss)	$	69,874		$	(240,609	)
Adjustments to reconcile net income to net cash provided by operating activities:
Loss from discontinued operations		1,228			3,762
Depreciation expense		19,876			17,148
Amortization expense of intangible assets		24,551			21,202
Amortization expense of deferred financing costs and debt discount		7,533			7,098
Stock-based compensation		5,766			4,003
In-process research and development impairment		4,494			—
Gain on sales of businesses and assets		—			(332	)
Goodwill impairment		—			332,128
Deferred income taxes, net		(2,439	)		(21,480	)
Other		(20,260	)		(2,771	)
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:
Accounts receivable		(18,084	)		(13,225	)
Inventories		(29,354	)		2,698
Prepaid expenses and other current assets		303			8,476
Accounts payable and accrued expenses		(1,558	)		(5,192	)
Income taxes receivable and payable, net		(7,093	)		(23,668	)
Net cash provided by operating activities from continuing operations		54,837			89,238
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(36,897	)		(28,893	)
Proceeds from sales of businesses and assets, net of cash sold		—			17,155
Investments in affiliates		(50	)		—
Payments for businesses and intangibles acquired, net of cash acquired		(36,954	)		(55,697	)
Net cash used in investing activities from continuing operations		(73,901	)		(67,435	)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		—			(707	)
Proceeds from stock compensation plans		5,298			4,091
Payments for contingent consideration		(9,487	)		(6,930	)
Payments to noncontrolling interest shareholders		(736	)		—
Dividends		(27,944	)		(27,756	)
Net cash used in financing activities from continuing operations		(32,869	)		(31,302	)
Cash Flows from Discontinued Operations:
Net cash used in operating activities		(1,437	)		(8,191	)
Net cash used in investing activities		—			(2,121	)
Net cash used in discontinued operations		(1,437	)		(10,312	)
Effect of exchange rate changes on cash and cash equivalents		(2,251	)		(19,286	)
Net decrease in cash and cash equivalents		(55,621	)		(39,097	)
Cash and cash equivalents at the beginning of the period		337,039			584,088
Cash and cash equivalents at the end of the period	$	281,418		$	544,991

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)

	Common Stock				Additional Paid in Capital			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock						Noncontrolling Interest			Total Equity
	Shares		Dollars											Shares			Dollars
	(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)									(241,122	)											513			(240,609	)
Cash dividends ($0.68 per share)									(27,756	)														(27,756	)
Comprehensive loss												(28,902	)								(164	)		(29,066	)
Shares issued under compensation plans		81		81		4,091									(39	)		2,384						6,556
Deferred compensation						(10	)								(4	)		116						106
Balance at July 1, 2012		43,004	$	43,004	$	385,046		$	1,578,228		$	(188,255	)		2,140		$	(128,553	)	$	2,544		$	1,692,014

	Common Stock				Additional Paid in Capital			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock						Noncontrolling Interest			Total Equity
	Shares		Dollars											Shares			Dollars
	(Dollars and shares in thousands, except per share)
Balance at December 31, 2012		43,102	$	43,102	$	394,384		$	1,601,460		$	(132,048	)		2,130		$	(127,948	)	$	2,587		$	1,781,537
Net income									69,479												395			69,874
Cash dividends ($0.68 per share)									(27,944	)														(27,944	)
Other comprehensive loss												(30,710	)								(151	)		(30,861	)
Distributions to noncontrolling interest shareholders																					(736	)		(736	)
Shares issued under compensation plans		97		97		7,007									(51	)		2,507						9,611
Deferred compensation						(9	)								(1	)		55						46
Balance at June 30, 2013		43,199	$	43,199	$	401,382		$	1,642,996		$	(162,758	)		2,078		$	(125,386	)	$	2,095		$	1,801,527

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 statement 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, 2012.

The Company revised its Condensed Consolidated Statement of Cash Flows in the second quarter ended June 30, 2013 to reflect contingent consideration payments related to businesses acquired as a financing cash outflow. Previously, these payments were reflected as an investing cash outflow since 2011. As a result, the company has revised the Condensed Consolidated Statement of Cash Flows for the six months ended July 1, 2012 to reflect $6.9 million of contingent consideration payments as financing activities as the payments were incorrectly reported as an investing activity in previous filings. Additionally, the Company identified $5.9 million during the twelve months ended December 31, 2011, $6.9 million during the six months ended July 1, 2012 and nine months ended September 30, 2012, $17.6 million during the twelve months ended December 31, 2012 and $7.2 million during the three months ended March 31, 2013 of contingent consideration payments related to businesses acquired that were also incorrectly reported as investing activities in the statement of cash flows. There was no impact to the prior year condensed consolidated balance sheet, statement of operations and comprehensive income or statement of changes in stockholders’ equity as a result of these adjustments. These adjustments were not considered material to any previously issued financial statements. Accordingly, the Company will revise these periods in future filings.

In addition, in the third quarter of 2012, due to changes in the Company’s management and internal reporting structure, the Company’s Latin America operations were moved from the Company’s Asia, Japan and Latin America (“AJLA”) Segment into the North America Segment. As a result of this change, the North America Segment is now referred to as the Americas Segment and the AJLA Segment is now referred to as the Asia Segment. The change did not affect the Company’s reporting unit structure. The prior comparative period has been restated to reflect this change. See Note 14 for a discussion of the Company’s segments.

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.

7

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

Note 2 — New accounting standards

The Company adopted the following new accounting standard as of January 1, 2013, the first day of its 2013 fiscal year:

Amendment to Comprehensive Income: In February 2013, the Financial Accounting Standards Board (“FASB”) issued an amendment to its accounting guidance on reporting amounts reclassified out of accumulated other comprehensive income. The guidance requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items, on the face of the statement where net income is presented, or in the notes to the financial statements, if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income in the same reporting period For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about the effect of the reclassifications. The guidance is effective prospectively for reporting periods beginning after December 15, 2012. Refer to Note 10, “Shareholders Equity,” for new disclosures pertaining to the adoption of this amendment.

Amendment to Balance Sheet: In January 2013, the FASB issued an amendment to its accounting guidance to clarify the scope of disclosure requirements pertaining to offsetting assets and liabilities mandated by an earlier accounting pronouncement. The amended guidance limited the scope of the required disclosures to derivatives accounted for in accordance with the FASB’s Derivatives and Hedging guidance, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements and certain securities borrowing and securities lending transactions, that are offset in the financial statements in accordance with specified accounting guidance or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are no longer applicable to entities with other types of financial assets and financial liabilities subject to a master netting arrangement or similar agreement. The guidance is effective for reporting periods beginning on or after January 1, 2013. The amendment did not have a material impact on the Company’s results of operations, cash flows or financial position.

The Company will adopt the following new accounting standard as of January 1, 2014, the first day of its 2014 fiscal year:

Amendment to Foreign Currency Matters: In March 2013, the FASB issued an amendment which clarified that when a reporting entity ceases to have a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity, the reporting entity is required to reclassify cumulative foreign currency translation adjustment from accumulated other comprehensive income into the calculation of gain or loss related to that foreign entity. Additionally, the amendment clarifies that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition), and that the cumulative translation adjustment should be released into net income upon the occurrence of those events. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The amendment is not expected to have a material impact on the Company’s results of operations, cash flows or financial position. 

Amendment to Income Taxes: In July 2013, the FASB issued an amendment which clarifies the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or tax credit carryforward exists. The amendment requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforwards, similar tax losses, or tax credit carryforwards. A gross presentation will be required only if such carryforwards are not available or would not be used by the entity to settle any additional income taxes resulting from a disallowance of the uncertain

8

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

tax position. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The Company is assessing the new guidance, however, the Company does not expect the amendment to have a material impact on the Company’s results of operations, cash flows or financial position.

Note 3 — Acquisitions

The Company made the following acquisitions during 2013, all of which were accounted for as business combinations:

• On June 11, 2013, the Company acquired the assets of Ultimate Medical Pty. Ltd. and its affiliates, a supplier of airway management devices with a related portfolio of patented products. This acquisition complements the anesthesia product portfolio in the Company’s Critical Care division.

• On June 6, 2013, the Company acquired Eon Surgical, Ltd., a developer of a minimally invasive microlaparoscopy surgical platform technology designed to enhance surgeons’ ability to perform scarless surgery while producing better patient outcomes, which complements the product portfolio of its Surgical Care division.

The total fair value of consideration for the 2013 acquisitions is estimated at $38.5 million. Transaction expenses associated with the acquisitions, which are included in selling, general and administrative expenses on the consolidated statements of income (loss) were $0.4 million and $0.5 million for the three and six months ended June 30, 2013, respectively. For the three and six months ended June 30, 2013, the Company has recorded an aggregate segment operating loss of approximately $2.9 million in connection with the businesses acquired in 2013. The results of operations of the acquired businesses and assets are included in the consolidated statements of income (loss) from their respective acquisition date. Pro forma information is not presented as the operations of the acquired businesses are not significant to the overall operations of the Company.

In connection with these acquisitions, the Company recorded a liability of $2.8 million related to expected post-closing obligations associated with the acquired businesses, which expense is reflected in restructuring and impairment charges in the three and six months ended June 30, 2013.

The following table presents the purchase price allocation among the assets acquired and liabilities assumed in the acquisitions that occurred during the second quarter of 2013:

	(Dollars in millions)
Assets
Current assets	$	2.2
Property, plant and equipment		0.5
Intangible assets:
Intellectual property		2.1
Tradenames		1.1
In-process research and development		19.7
Customer lists		8.3
Goodwill		10.6
Total assets acquired		44.5
Less:
Current liabilities		1.1
Deferred tax liabilities		4.9
Liabilities assumed		6.0
Net assets acquired	$	38.5

9

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

The Company is continuing to evaluate the initial purchase price allocation of the 2013 acquisitions. Further adjustments may be necessary as a result of the Company’s assessment of additional information related to the fair values of assets acquired and liabilities assumed.

Among the acquired assets, intellectual property has a useful life of 10 years, customer lists have a useful life of 15 years and finite tradenames have useful lives ranging from 1 to 10 years. In-process research and development (“IPR&D”) has an indefinite life and is not amortized until development of the related project is completed, at which time the IPR&D becomes an amortizable asset. If the related project is not completed in a timely manner, the Company may incur an impairment charge related to the IPR&D, calculated as the excess of the asset’s carrying value over its fair value. The goodwill resulting from the acquisitions primarily reflects the expected revenue growth attributable to anticipated increased market penetration from acquired and future products and customers. Goodwill and the step-up in basis of the intangible assets in connection with stock acquisitions are not deductible for tax purposes.

The Company made the following acquisitions during 2012, all of which were accounted for as business combinations:

• On October 23, 2012, the Company acquired substantially all of the assets of LMA International N.V. (“LMA”), a global provider of laryngeal masks whose products are used in anesthesia and emergency care. On October 23, 2012, in a separate transaction, the Company also acquired the LMA branded laryngeal mask supraglottic airway business and certain other products in the United Kingdom, Ireland and Channel Islands from the shareholders of Intravent Direct Limited and affiliates. These acquisitions complement the anesthesia product portfolio in the Company’s Critical Care division.

• On June 22, 2012, the Company acquired Hotspur Technologies Inc., a developer of catheter-based technologies designed to restore blood flow in patients with obstructed vessels. The acquired business complements the dialysis access product line in the Company’s Cardiac Care division.

• On May 22, 2012, the Company acquired Semprus BioSciences Corp., a biomedical company that developed a long-lasting, covalently bonded, non-leaching polymer designed to reduce infections and thrombus related complications. While the Company will explore opportunities to apply this technology to a broad array of its product offerings, the initial focus for the technology will be with respect to vascular devices within the Company’s Critical Care division.

• On May 3, 2012, the Company acquired substantially all of the assets of Axiom Technology Partners, LLC (the “Axiom acquisition”), constituting its EFx laparoscopic fascial closure system, which is designed for the closure of abdominal trocar defects through which access ports and instruments were used during laparoscopic surgeries. The acquired business complements the surgical closure product line in the Company’s Surgical Care division.

• On April 5, 2012, the Company acquired the EZ-Blocker product line, a single-use catheter used to perform lung isolation and one-lung ventilation. The acquisition of this product line complements the Anesthesia product portfolio in the Company’s Critical Care division.

In connection with the acquisitions, the Company agreed to pay contingent consideration based on the achievement of specified objectives, including obtaining regulatory approvals and achieving sales targets. The total fair value of consideration for the 2012 acquisitions was estimated at $422.2 million at the time of the acquisitions, which included the initial payments of $367.9 million in cash and the estimated fair value of the contingent consideration of $55.8 million, partially offset by a $1.5 million favorable working capital adjustment. Based upon the contingent consideration terms as of the respective acquisition dates, the range of undiscounted contingent consideration the Company could be required to pay is $2.0 million to $90.0 million. For further information on contingent consideration, see Note 9, “Fair Value Measurement.”

10

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

Note 4 — Restructuring and other impairment charges

The amounts recognized in restructuring and other impairment charges for the three and six months ended June 30, 2013 and July 1, 2012 consisted of the following:

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Dollars in thousands)
LMA restructuring program	$	3,941	$	—	$	6,596	$	—
2013 restructuring charges		7,350		—		7,830		—
2012 restructuring charges		1,616		265		3,066		871
2007 Arrow integration program		55		56		135		(1,875	)
In-process research and development impairment		—		—		4,494		—
Restructuring and other impairment charges	$	12,962	$	321	$	22,121	$	(1,004	)

The Company did not incur any expenses related to its 2011 restructuring program during the three and six month periods ended June 30, 2013 or July 1, 2012.

LMA Restructuring Program

In connection with the acquisition of LMA, the Company formulated a plan related to the integration of the LMA business and the Company’s businesses. The integration plan focuses on the closure of the LMA business’ corporate functions and the consolidation of manufacturing, sales, marketing, and distribution functions in North America, Europe and Asia. The charges associated with this restructuring program that are included in restructuring and other impairment charges during the three and six month periods ended June 30, 2013 were as follows:

	Three Months Ended June  30, 2013		Six Months Ended June 30, 2013
	(Dollars in thousands)
Termination benefits	$	802	$	2,826
Facility closure costs		293		374
Contract termination costs		2,839		3,281
Other restructuring costs		7		115
	$	3,941	$	6,596

A reconciliation of the changes in accrued liabilities associated with the LMA restructuring program from December 31, 2012 through June 30, 2013 is set forth in the following table:

	Termination benefits			Facility Closure Costs			Contract Termination Costs			Other Restructuring Costs			Total
	(Dollars in thousands)
Balance at December 31, 2012	$	1,744		$	—		$	277		$	12		$	2,033
Subsequent accruals		2,826			374			3,281			115			6,596
Cash payments		(2,766	)		(100	)		(3,155	)		(67	)		(6,088	)
Foreign currency translation		(28	)		(2	)		(7	)		(12	)		(49	)
Balance at June 30, 2013	$	1,776		$	272		$	396		$	48		$	2,492

11

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

As of June 30, 2013, the Company expects to incur additional restructuring charges of approximately $5 million over the remaining life of the program. Of this amount, $4 million relates to the termination of certain distributor agreements and $1 million relates to employee termination, facility closure and other costs.

2013 Restructuring Charges

The Company regularly evaluates opportunities to consolidate facilities, lower costs and improve operating efficiencies. In 2013, the Company initiated programs to consolidate manufacturing facilities in North America and warehouse facilities in Europe and terminate certain European distributor agreements in an effort to reduce costs. As a result of these actions, the Company will incur costs related to reductions in force, facility closure, contract termination and other costs. For the three and six month periods ended June 30, 2013, the Company incurred restructuring charges of $7.4 million and $7.8 million, respectively, primarily related to reductions in force, contract termination costs and charges related to expected post-closing obligations associated with its acquired businesses. As of June 30, 2013, the Company has a reserve of $3.2 million in connection with these projects.

2012 Restructuring Charges

In 2012, the Company identified opportunities to improve its supply chain strategy by consolidating its three North American warehouses into one centralized warehouse; and lower costs and improve operating efficiencies through the termination of certain distributor agreements in Europe, the closure of certain North American facilities and workforce reductions. These projects will entail costs related to reductions in force, contract terminations related distributor agreements and leases, and facility closure and other costs. For the three and six month periods ended June 30, 2013, the Company incurred restructuring charges of $1.6 million and $3.1 million, respectively, related to the aforementioned cost categories. As of June 30, 2013, the Company has a reserve of $3.3 million in connection with these projects.

2011 Restructuring Program

In 2011, the Company initiated a restructuring program at three facilities to consolidate operations and reduce costs. As of June 30, 2013, in connection with this program, the Company has a reserve of $1.5 million, which primarily relates to contract termination costs associated with a leased facility that the Company has partially vacated. The Company expects to incur additional contract termination costs of approximately $2.7 million associated with the lease termination when it has vacated the remaining portion of the premises in 2014. The payment of the lease contract termination costs will continue until 2015.

12

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

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. As of June 30, 2013, the Company has a reserve of $0.4 million in connection with this program. 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 (loss) for the periods presented:

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Dollars in thousands)
Facility closure costs	$	55	$	56	$	135	$	148
Contract termination costs		—		—		—		(2,023	)
	$	55	$	56	$	135	$	(1,875	)

In 2012, the Company reversed approximately $2.0 million of contract termination costs related to a settlement of a dispute involving the termination of a European distributor agreement that was established in connection with the Company’s acquisition of Arrow.

As of June 30, 2013, the Company expects future restructuring expenses associated with the 2007 Arrow integration program, if any, to be nominal.

In-process research and development impairment

During the first quarter of 2013, the Company recorded a $4.5 million IPR&D charge pertaining to a research and development project associated with the Axiom acquisition because technological feasibility had not yet been achieved and the Company determined that such technology had no future alternative use.

Note 5 — Impairment of goodwill

In the first quarter of 2012, due to a change in the Company’s reporting structure, the Company performed goodwill impairment tests and determined that three of the reporting units in the North America Segment were impaired. The Company 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. For further information on the goodwill impairment, see Note 5 to the Company’s 2012 consolidated financial statements included in its annual report on Form 10-K for the year ended December 31, 2012.

13

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

Note 6 — Inventories, net

Inventories as of June 30, 2013 and December 31, 2012 consisted of the following:

	June 30, 2013			December 31, 2012
	(Dollars in thousands)
Raw materials	$	89,516		$	84,636
Work-in-process		38,889			47,440
Finished goods		249,882			222,974
		378,287			355,050
Less: Inventory reserve		(29,679	)		(31,703	)
Inventories, net	$	348,608		$	323,347

Note 7 — Goodwill and other intangible assets, net

The following table provides information relating to changes in the carrying amount of goodwill, by reportable segment, for the six months ended June 30, 2013:

	Americas Segment			EMEA Segment			Asia Segment			OEM Segment		Total
	(Dollars in thousands)
Balance as of December 31, 2012
Goodwill	$	1,086,707		$	353,282		$	141,595		$	—	$	1,581,584
Accumulated impairment losses		(332,128	)		—			—			—		(332,128	)
		754,579			353,282			141,595			—		1,249,456
Goodwill related to acquisitions		5,278			5,370			—			—		10,648
Purchase accounting adjustment		(1,733	)		—			—			—		(1,733	)
Translation adjustment		(1,052	)		(8,784	)		(7,943	)		—		(17,779	)
Balance as of June 30, 2013
Goodwill		1,089,200			349,868			133,652			—		1,572,720
Accumulated impairment losses		(332,128	)		—			—			—		(332,128	)
	$	757,072		$	349,868		$	133,652		$	—	$	1,240,592

The following table provides information, as of June 30, 2013 and December 31, 2012, regarding the gross carrying amount of, and accumulated amortization relating to, intangible assets, net:

	Gross Carrying Amount				Accumulated Amortization
	June 30, 2013		December 31, 2012		June 30, 2013			December 31, 2012
	(Dollars in thousands)
Customer relationships	$	584,064	$	580,151	$	(154,456	)	$	(141,520	)
In-process research and development (“IPR&D”)		68,376		53,157		—			—
Intellectual property		277,155		276,458		(103,639	)		(95,967	)
Distribution rights		16,532		16,567		(14,093	)		(13,880	)
Trade names		381,367		384,131		(2,461	)		(305	)
	$	1,327,494	$	1,310,464	$	(274,649	)	$	(251,672	)

14

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

During the first quarter of 2013, the Company recorded a $4.5 million IPR&D charge. See Note 4, “Restructuring and other impairment charges” for additional information.

At the beginning of 2013, due to a Company rebranding strategy, the Company reassessed the useful life of its Taut tradename, which had a carrying value of $4.5 million at January 1, 2013, and reclassified it from an indefinite lived intangible asset to a finite lived intangible asset with a useful life of eight years.

Amortization expense related to intangible assets was $12.1 million and $10.7 million for the three months ended June 30, 2013 and July 1, 2012, respectively, and $24.6 million and $21.2 million for the six months ended June 30, 2013 and July 1, 2012, respectively. Estimated annual amortization expense for the remainder of 2013 and the next four succeeding years is as follows (dollars in thousands):

2013	$	25,200
2014		46,700
2015		44,400
2016		44,100
2017		43,700

Note 8 — 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 thereafter is recognized in the statement of income (loss) in the 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 9, “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 June 30, 2013 and December 31, 2012:

	June 30, 2013 Fair Value		December 31, 2012 Fair Value
	(Dollars in thousands)
Asset derivatives:
Foreign exchange contracts:
Prepaid expenses and other current assets	$	466	$	1,279
Total asset derivatives	$	466	$	1,279
Liability derivatives:
Foreign exchange contracts:
Other current liabilities	$	1,212	$	598
Total liability derivatives	$	1,212	$	598

15

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

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”) for the three and six months ended June 30, 2013 and July 1, 2012:

	After Tax Gain/(Loss) Recognized in OCI
	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in thousands)
Interest rate swap	$	—		$	2,317		$	—		$	4,703
Foreign exchange contracts		(192	)		(471	)		(12	)		(397	)
Total	$	(192	)	$	1,846		$	(12	)	$	4,306

See Note 10 for information on the location and amount of gains and losses attributable to derivatives that were reclassified from accumulated other comprehensive income (“AOCI”).

There was no ineffectiveness related to the Company’s derivatives for the three and six months ended June 30, 2013 and July 1, 2012.

Based on exchange rates at June 30, 2013, approximately $0.4 million of unrealized losses, net of tax, within AOCI are expected to be reclassified from AOCI to the statement of income (loss) during the next twelve months. However, the actual amount reclassified from AOCI could vary due to future changes in exchange rates.

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 Company’s term loan. The $11.7 million pre-tax value of the interest rate swap was amortized as interest expense over the remaining term of the hedge agreement. As of the end of the third quarter of 2012, all unrealized losses within AOCI associated with this interest rate swap were reclassified into the statement of income (loss).

Concentration of Credit Risk

Concentrations of credit risk with respect to trade accounts receivable are generally limited due to the Company’s large number of customers and their diversity across many geographic areas. A portion of the Company’s trade accounts receivable outside the United States, however, include sales to government-owned or supported healthcare systems in several countries which are subject to payment delays. Payment is dependent upon the financial stability and creditworthiness of those countries’ economies.

In the ordinary course of business, the Company grants non-interest bearing trade credit to its customers on normal credit terms. In an effort to reduce its credit risk, the Company (i) establishes credit limits for all of its customer relationships, (ii) performs ongoing credit evaluations of its customers’ financial condition, (iii) monitors the payment history and aging of its customers’ receivables, and (iv) monitors open orders against an individual customer’s outstanding receivable balance.

An allowance for doubtful accounts is maintained for accounts receivable based on the Company’s historical collection experience and expected collectability of the accounts receivable, considering the period an account is outstanding, the financial position of the customer and information provided by credit rating services. The adequacy of this allowance is reviewed each reporting period and adjusted as necessary.

16

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

In light of the disruptions in global economic markets, the Company instituted enhanced measures within countries where the Company has collectability concerns to facilitate customer-by-customer risk assessment when estimating the allowance for doubtful accounts. Such measures included, among others, monthly credit control committee meetings, at which customer credit risks are identified after review of, among other things, accounts that exceed specified credit limits, payment delinquencies and other customer problems. In addition, for some of the Company’s non-government customers, the Company instituted measures designed to reduce its risk exposures, including issuing dunning letters, reducing credit limits, requiring that payments accompany orders and instituting legal action with respect to delinquent accounts. With respect to government customers, the Company evaluates receivables for potential collection risks associated with the availability of government funding and reimbursement practices.

Some of the Company’s customers, particularly in Europe, have extended or delayed payments for products and services already provided. Collectability concerns regarding the Company’s accounts receivable from these customers, for the most part in Greece, Italy, Spain and Portugal, resulted in an increase in the allowance for doubtful accounts related to these countries. If the financial condition of these customers or the healthcare systems in these countries continue to deteriorate such that the ability of an increasing number of customers to make payments is uncertain, additional allowances may be required in future periods. The Company’s aggregate accounts receivable, net of the allowance for doubtful accounts, in Spain, Italy, Greece and Portugal and the percentage of the Company’s total accounts receivable, net of the allowance for doubtful accounts, represented by the net accounts receivable in those countries at June 30, 2013 and December 31, 2012 are as follows:

	June 30, 2013			December 31, 2012
	(Dollars in thousands)
Accounts receivable (net of allowances of $7.9 million and $6.3 million at June 30, 2013 and December 31, 2012, respectively) in Spain, Italy, Greece and Portugal	$	113,494		$	101,009
Percentage of total accounts receivable, net		36	%		34	%

For the six months ended June 30, 2013 and July 1, 2012, net revenues from customers in Spain, Italy, Greece and Portugal were $73.7 million and $72.8 million, respectively.

Note 9 — Fair value measurement

For a description of the fair value hierarchy, see Note 11 to the Company’s 2012 consolidated financial statements included in its annual report on Form 10-K for the year ended December 31, 2012.

The following tables provide information regarding the financial assets and liabilities carried at fair value measured on a recurring basis as of June 30, 2013 and December 31, 2012:

	Total carrying value  at June 30, 2013		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	5,376	$	5,376	$	—	$	—
Derivative assets		466		—		466		—
Derivative liabilities		1,212		—		1,212		—
Contingent consideration liabilities		32,473		—		—		32,473

17

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

	Total carrying value  at December 31, 2012		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	4,785	$	4,785	$	—	$	—
Derivative assets		1,279		—		1,279		—
Derivative liabilities		598		—		598		—
Contingent consideration liabilities		51,196		—		—		51,196

There were no transfers of financial assets or liabilities carried at fair value among Level 1, Level 2 or Level 3 within the fair value hierarchy during the six months ended June 30, 2013.

The following table provides information regarding changes in Level 3 financial liabilities related to contingent consideration in connection with various Company acquisitions, including those described in Note 3, during the period ended June 30, 2013:

	Contingent consideration
	2013
	(Dollars in thousands)
Balance — January 1, 2013	$	51,196
Payment		(10,927	)
Revaluations		(7,757	)
Translation adjustment		(39	)
Balance — June 30, 2013	$	32,473

The Company reduced contingent consideration liabilities and selling, general and administrative expense by approximately $6.6 million and $8.1 million for the three and six month periods ended June 30, 2013, respectively, after determining that certain conditions for the payment of certain contingent consideration would not be satisfied.

The carrying amount of long-term debt reported in the condensed consolidated balance sheet as of June 30, 2013 is $970.8 million. The Company uses a discounted cash flow technique that incorporates a market interest yield curve with adjustments for duration, optionality, and risk profile to determine the fair value of its debt. The Company’s implied credit rating is a factor in determining the market interest yield curve. The following table provides the fair value of the Company’s debt by fair value hierarchy level as of June 30, 2013:

	Fair value of debt
	(Dollars in thousands)
Level 1	$	808,750
Level 2		378,855
Total	$	1,187,605

In the third quarter of 2013, the Company refinanced its $375 million term loan. See Note 17 for further discussion on the refinancing.

In the first quarter of 2012, the Company recorded a goodwill impairment charge of $332 million based on Level 3 inputs. See Note 5 for a discussion of the goodwill impairment.

18

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

Valuation Techniques

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 and financial liabilities valued based upon Level 2 inputs are comprised of foreign currency forward contracts. The Company uses forward rate contracts to manage currency transaction exposure. 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 Company has taken into account the creditworthiness of the counterparties in measuring fair value.

The Company’s financial liabilities valued based upon Level 3 inputs are comprised of contingent consideration arrangements pertaining to the Company’s acquisitions. The Company accounts for contingent consideration in accordance with applicable guidance related to business combinations. In connection with several of its acquisitions, the Company agreed to pay contingent consideration upon the achievement of specified objectives, including obtaining regulatory approvals, achieving sales targets and, in some instances, the passage of time (collectively, “milestone payments”), and therefore recorded contingent consideration liabilities at the time of the acquisitions. The Company is required to reevaluate the fair value of contingent consideration each reporting period based on new developments and record changes in fair value until such consideration is satisfied through payment upon the achievement of the specified objectives or is no longer payable due to failure to achieve the specified objectives.

It is estimated that milestone payments will occur in 2013 and may extend until 2018 or later. As of June 30, 2013, the range of undiscounted amounts the Company could be required to pay for contingent consideration arrangements is between $5.0 million and $84.9 million. The Company determines the fair value of the liabilities for the contingent consideration based on a probability-weighted discounted cash flow analysis. This fair value measurement is based on significant inputs not observable in the market and thus represents a Level 3 measurement within the fair value hierarchy. The fair value of the contingent consideration liability associated with future milestone payments was based on several factors including:

• estimated cash flows projected from the success of market launches;

• the estimated time and resources needed to complete the development of acquired technologies;

• the uncertainty of obtaining regulatory approvals within the required time periods; and

• the risk adjusted discount rate for fair value measurement.

The following table provides information regarding the valuation techniques and inputs used in determining the fair value of assets or liabilities categorized as Level 3 measurements:

	Valuation Technique	Unobservable Input	Range (Weighted Average)
Contingent consideration	Discounted cash flow	Discount rate		2%-10% (6%)
		Probability of payment		0%-100% (45%)

As of June 30, 2013, of the $32.5 million of total recorded liabilities for contingent consideration, the Company has recorded approximately $12.4 million in Current portion of contingent consideration and the remaining $20.1 million in Other liabilities.

Note 10 — 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

19

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

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 generated 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 (generally, the ratio of Consolidated Total Indebtedness to Consolidated EBITDA, as defined in the senior credit agreements) exceeds certain levels, which may limit the Company’s ability to repurchase shares under this Board authorization. Through June 30, 2013, 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				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Shares in thousands)
Basic		41,115		40,834		41,064		40,801
Dilutive effect of share based awards		374		221		384		—
Dilutive effect of 3.875% Convertible Notes and warrants		1,940		21		1,790		—
Diluted		43,429		41,076		43,238		40,801

The 3.875% Convertible Senior Subordinated Notes due 2017 are included in the dilutive net income per share calculation using the treasury stock method only during periods in which the average market price of our common stock was above the applicable conversion price of the Convertible Notes, or $61.32 per share, and, therefore, the impact of conversion would not be anti-dilutive. In these periods, under the treasury stock method, we calculated the number of shares issuable under the terms of these notes based on the average market price of the stock during the period, and included that number in the total diluted shares outstanding for the period.

In connection with the issuance of the Convertible Notes, the Company entered into convertible note hedge and warrant agreements. The convertible note hedge economically reduces the dilutive impact of the Convertible Notes. The Company separately analyzes the impact of the convertible note hedge and the warrant agreements on diluted weighted average shares outstanding. As a result, the purchases of the convertible note hedges are excluded because their impact would be anti-dilutive. The treasury stock method is applied when the warrants are in-the-money, assuming the proceeds from the exercise of the warrant are used to repurchase shares based on the average stock price during the period. The strike price of the warrants is approximately $74.65 per share of common stock. Shares issuable upon exercise of the warrants that were included in the total diluted shares outstanding were 0.4 million and 0.3 million for the three and six month periods ended June 30, 2013. The warrants had no dilutive impact for the three and six month periods ended July 1, 2012. The total number of shares that could potentially be included if the warrants were exercised is approximately 7.8 million at June 30, 2013.

Weighted average stock options that were antidilutive and therefore not included in the calculation of earnings per share was approximately 7.9 million for both the three and six month periods ended June 30, 2013, respectively, and approximately 8.8 million and 9.0 million for the three and six month periods ended July 1, 2012, respectively.

20

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

The following tables provide information relating to the changes in accumulated other comprehensive income (loss), net of tax, for the six months ended June 30, 2013 and July 1, 2012:

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2012	$	(381	)	$	(127,257	)	$	(4,410	)	$	(132,048	)
Other comprehensive income (loss) before reclassifications		362			(452	)		(32,654	)		(32,744	)
Amounts reclassified from accumulated other comprehensive income (loss)		(374	)		2,408			—			2,034
Net current-period other comprehensive income (loss)		(12	)		1,956			(32,654	)		(30,710	)
Balance at June 30, 2013	$	(393	)	$	(125,301	)	$	(37,064	)	$	(162,758	)

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2011	$	(7,257	)	$	(134,548	)	$	(17,548	)	$	(159,353	)
Other comprehensive income (loss) before reclassifications		157			33			(35,544	)		(35,354	)
Amounts reclassified from accumulated other comprehensive income		4,149			2,303			—			6,452
Net current-period other comprehensive income		4,306			2,336			(35,544	)		(28,902	)
Balance at July 1, 2012	$	(2,951	)	$	(132,212	)	$	(53,092	)	$	(188,255	)

21

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

The following table provides information relating to the reclassifications of losses/(gain) in accumulated other comprehensive income into expense/(income), net of tax, for the three and six months ended June 30, 2013 and July 1, 2012:

	Three Months Ended						Six Months Ended
	June  30, 2013			July 1, 2012			June  30, 2013			July 1, 2012
	(Dollars in thousands)
Gains and losses on cash flow hedges:
Interest Rate Contracts:
Interest expense	$	—		$	3,643		$	—		$	7,394
Foreign Exchange Contracts:
Cost of goods sold		(194	)		130			(696	)		(767	)
Total before tax		(194	)		3,773			(696	)		6,627
Tax expense		95			(1,391	)		322			(2,478	)
Net of tax	$	(99	)	$	2,382		$	(374	)	$	4,149
Amortization of pension and other postretirement benefits items:
Actuarial losses/(gains)(1)	$	1,618		$	1,708		$	3,764		$	3,418
Prior-service costs(1)		(6	)		(6	)		(11	)		(12	)
Transition obligation(1)		1			23			2			49
Settlement charge(1)		—			111			—			111
Total before tax		1,613			1,836			3,755			3,566
Tax expense		(660	)		(651	)		(1,347	)		(1,263	)
Net of tax	$	953		$	1,185		$	2,408		$	2,303
Total reclassifications, net of tax	$	854		$	3,567		$	2,034		$	6,452

(1) These accumulated other comprehensive income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 12, “Pension and other postretirement benefits” for additional information).

Note 11 — Taxes on income from continuing operations

	Three Months Ended				Six Months Ended
	June  30, 2013		July 1, 2012		June  30, 2013		July 1, 2012
Effective income tax rate		12.3%		(0.6)%		16.2%		1.8%

The effective income tax rate for the three months and six months ended June 30, 2013 was 12.3% and 16.2%, respectively, compared to (0.6)% and 1.8% for the three months and six months ended July 1, 2012, respectively. The effective tax rate for the three and six months ended June 30, 2013 was impacted by the realization of net tax benefits resulting from the resolution of a foreign tax matter and the expiration of statutes of limitation for a US state matter. The effective tax rate for the three months ended July 1, 2012 was impacted by (i) a $7.7 million tax benefit on the settlement of foreign tax audits and (ii) an approximate $5.0 million reduction in deferred tax liability resulting from a reduction in tax expense associated with potential future repatriation of non-permanently reinvested foreign earnings. In addition to the aforementioned items, the effective tax rate for the six months ended July 1, 2012, was also impacted by a $332 million goodwill impairment charge recorded in the first quarter of 2012, for which only $45 million was tax deductible.

22

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

Note 12 — 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. As of June 30, 2013, the Company’s U.S. defined benefit pension plans and the Company’s other postretirement benefit plans, except certain postretirement benefit plans covering employees subject to a collective bargaining agreement, are effectively frozen.

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						Postretirement Benefits Three  Months Ended				Pension Six Months Ended						Postretirement Benefits Six  Months Ended
	June  30, 2013			July 1, 2012			June  30, 2013		July 1, 2012		June  30, 2013			July 1, 2012			June  30, 2013		July 1, 2012
	(Dollars in thousands)
Service cost	$	464		$	711		$	161	$	158	$	929		$	1,389		$	325	$	316
Interest cost		4,142			4,125			542		473		8,281			8,251			1,541		946
Expected return on Plan assets		(5,774	)		(5,042	)		—		—		(11,544	)		(10,085	)		—		—
Net amortization and deferral		1,414			1,604			202		122		2,824			3,210			932		245
Settlement charge		—			(124	)		—		—		—			(124	)		—		—
Curtailment charge		—			111			—		—		—			111			—		—
Net benefit cost	$	246		$	1,385		$	905	$	753	$	490		$	2,752		$	2,798	$	1,507

The Company’s pension contributions are expected to be approximately $17.5 million during 2013, of which $1.9 million and $13.6 million were made during the three and six months ended June 30, 2013, respectively.

Note 13 — 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. As of June 30, 2013, the Company has recorded approximately $0.4 million in accrued liabilities related to warranties.

Operating leases: The Company uses various leased facilities and equipment in its operations. The terms for these leased assets vary depending on the terms of the applicable lease agreement. At June 30, 2013, the Company had no residual value guarantees related to its operating leases.

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

23

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

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, often referred to as Superfund, the U.S. Resource Conservation and Recovery Act 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, the regulatory agencies involved and their enforcement policies, as well as the presence or absence of other potentially responsible parties. At June 30, 2013, the Company has recorded approximately $2.2 million in accrued liabilities and approximately $6.7 million in other liabilities relating to these matters. Considerable uncertainty exists with respect to these liabilities and, if adverse changes in circumstances occur, potential liability may exceed the amount accrued as of June 30, 2013. 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, 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 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 June 30, 2013, the most significant tax examinations in process are in the U.S., Canada, the Czech Republic, Germany and Austria. In conjunction with these examinations and as a regular and routine practice, the Company may establish 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 the Company’s recorded tax liabilities, which could impact the Company’s financial results.

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

Note 14 — Business segment information

In the third quarter of 2012, due to changes in the Company’s management and internal reporting structure, the Company’s Latin America operations were moved from the AJLA Segment into the North America Segment. As a result of this change, the North America Segment is now referred to as the Americas Segment and the AJLA Segment is now referred to as the Asia Segment. The change did not affect the Company’s reporting unit structure. All prior comparative periods have been restated to reflect this change.

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

24

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

performance, and (c) for which discrete financial information is available. Based on these criteria, the Company has identified four operating segments, which also comprise its four reportable segments.

Three of the four reportable segments are geographically based: Americas (representing the Company’s operations in North America and Latin America), EMEA (representing the Company’s operations in Europe, the Middle East and Africa) and Asia. The fourth reportable segment is Original Equipment Manufacturer and Development Services (“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 and six months ended June 30, 2013 and July 1, 2012:

	Three Months Ended June 30, 2013
	Americas		EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	199,698	$	137,842	$	50,409	$	32,110	$	420,059
Segment depreciation and amortization		16,690		6,597		1,187		1,145		25,619
Segment operating profit(1)		33,599		18,576		16,804		7,734		76,713
Segment expenditures for property, plant and equipment		16,408		3,270		139		1,127		20,944
Restructuring and other impairment charges		4,314		7,913		147		588		12,962
Intersegment revenues		29,723		38,064		10,864		132
	Three Months Ended July 1, 2012
	Americas		EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	176,800	$	126,898	$	43,654	$	35,980	$	383,332
Segment depreciation and amortization		15,546		5,349		826		1,057		22,778
Segment operating profit(1)		24,126		19,634		12,650		8,301		64,711
Segment expenditures for property, plant and equipment		8,525		3,677		55		3,292		15,549
Restructuring and other impairment charges		280		41		—		—		321
Intersegment revenues		35,876		17,532		—		150

25

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

	Six Months Ended June 30, 2013
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	395,451		$	280,260	$	92,777	$	63,448	$	831,936
Segment depreciation and amortization		33,710			13,631		2,372		2,247		51,960
Segment operating profit(1)		54,377			37,684		29,121		14,094		135,276
Segment assets		1,976,710			1,000,147		240,029		42,205		3,259,091
Segment expenditures for property, plant and equipment		28,712			5,990		173		1,704		36,579
Restructuring and other impairment charges		12,081			9,207		245		588		22,121
Intersegment revenues		69,322			73,290		21,547		210
	Six Months Ended July 1, 2012
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	357,137		$	261,498	$	77,613	$	67,651	$	763,899
Segment depreciation and amortization		31,043			10,847		1,594		1,964		45,448
Segment operating profit(1)		48,852			40,644		22,110		13,530		125,136
Segment assets		1,841,535			748,659		202,685		37,683		2,830,562
Segment expenditures for property, plant and equipment		15,755			6,372		62		6,493		28,682
Restructuring and other impairment charges		(1,650	)		646		—		—		(1,004	)
Intersegment revenues		75,688			35,099		—		288

(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, research and development expenses and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense and taxes on income.

The following tables present reconciliations of segment results to the Company’s condensed consolidated income (loss) from continuing operations before interest and taxes for the three and six months ended June 30, 2013 and July 1, 2012:

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in thousands)
Reconciliation of Segment Operating Profit to Income (Loss) from Continuing Operations Before Interest and Taxes
Segment operating profit	$	76,713		$	64,711		$	135,276		$	125,136
Goodwill impairment		—			—			—			(332,128	)
Restructuring and other impairment charges		(12,962	)		(321	)		(22,121	)		1,004
Gain on sales of businesses and assets		—			332			—			332
Income (loss) from continuing operations before interest and taxes	$	63,751		$	64,722		$	113,155		$	(205,656	)

26

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS— (Continued)

	June 30, 2013		July 1, 2012
	(Dollars in thousands)
Reconciliation of Segment Assets to Condensed Consolidated Total Assets
Segment assets	$	3,259,091	$	2,830,562
Corporate assets		457,111		722,370
Assets held for sale		7,935		53,890
Total assets	$	3,724,137	$	3,606,822

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Dollars in thousands)
Reconciliation of Segment Expenditures for Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plant and Equipment
Segment expenditures for property, plant and equipment	$	20,944	$	15,549	$	36,579	$	28,682
Corporate expenditures for property, plant and equipment		318		14		318		211
Total expenditures for property, plant and equipment	$	21,262	$	15,563	$	36,897	$	28,893

Note 15 — 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 directly or indirectly 100% owned by the Parent Company. The Company’s condensed consolidated statements of income (loss) and comprehensive income (loss) for the three and six months ended June 30, 2013 and July 1, 2012, condensed consolidated balance sheets as of June 30, 2013 and December 31, 2012 and condensed consolidated statements of cash flows for the six month periods ended June 30, 2013 and July 1, 2012, each of which are set forth below, provide consolidated 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 Note 1 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 are used by the Parent Company and each of its subsidiaries in connection with the condensed consolidated 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 consolidated 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.

27

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

	Three Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	248,012		$	239,147		$	(67,100	)	$	420,059
Cost of goods sold		—			143,732			136,322			(69,485	)		210,569
Gross profit		—			104,280			102,825			2,385			209,490
Selling, general and administrative expenses		14,899			59,336			42,418			(400	)		116,253
Research and development expenses		—			14,082			2,442			—			16,524
Restructuring and other impairment charges		—			1,511			11,451			—			12,962
Income (loss) from continuing operations before interest and taxes		(14,899	)		29,351			46,514			2,785			63,751
Interest expense		33,655			(21,017	)		1,787			—			14,425
Interest income		3			—			(160	)		—			(157	)
Income (loss) from continuing operations before taxes		(48,557	)		50,368			44,887			2,785			49,483
Taxes (benefit) on income (loss) from continuing operations		(17,287	)		13,729			9,515			125			6,082
Equity in net income of consolidated subsidiaries		74,433			31,599			—			(106,032	)		—
Income from continuing operations		43,163			68,238			35,372			(103,372	)		43,401
Operating loss from discontinued operations		(1,026	)		—			—			—			(1,026	)
Taxes (benefit) on loss from discontinued operations		(304	)		—			44			—			(260	)
Loss from discontinued operations		(722	)		—			(44	)		—			(766	)
Net income		42,441			68,238			35,328			(103,372	)		42,635
Less: Income from continuing operations attributable to noncontrolling interests		—			—			194			—			194
Net income attributable to common shareholders		42,441			68,238			35,134			(103,372	)		42,441
Other comprehensive loss attributable to common shareholders		(5,234	)		(1,224	)		(3,559	)		4,783			(5,234	)
Comprehensive income attributable to common shareholders	$	37,207		$	67,014		$	31,575		$	(98,589	)	$	37,207

28

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

	Three Months Ended July 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	235,051		$	204,785		$	(56,504	)	$	383,332
Cost of goods sold		—			137,054			118,186			(56,272	)		198,968
Gross profit		—			97,997			86,599			(232	)		184,364
Selling, general and administrative expenses		12,929			59,789			32,580			653			105,951
Research and development expenses		—			12,012			1,690			—			13,702
Restructuring and other impairment charges		—			280			41			—			321
Gain on sales of businesses and assets		(116,194	)		—			(332	)		116,194			(332	)
Income from continuing operations before interest and taxes		103,265			25,916			52,620			(117,079	)		64,722
Interest expense		36,626			(20,054	)		1,668			—			18,240
Interest income		(128	)		—			(378	)		—			(506	)
Income from continuing operations before taxes		66,767			45,970			51,330			(117,079	)		46,988
Taxes (benefit) on income from continuing operations		(17,209	)		16,829			723			(621	)		(278	)
Equity in net income of consolidated subsidiaries		(40,616	)		47,764			—			(7,148	)		—
Income from continuing operations		43,360			76,905			50,607			(123,606	)		47,266
Operating income (loss) from discontinued operations		(1,037	)		(9,265	)		2,253			—			(8,049	)
Taxes (benefit) on income (loss) from discontinued operations		(290	)		(3,521	)		129			—			(3,682	)
Income (loss) from discontinued operations		(747	)		(5,744	)		2,124			—			(4,367	)
Net income		42,613			71,161			52,731			(123,606	)		42,899
Less: Income from continuing operations attributable to noncontrolling interests		—			—			286			—			286
Net income attributable to common shareholders		42,613			71,161			52,445			(123,606	)		42,613
Other comprehensive loss attributable to common shareholders		(62,945	)		(76,659	)		(62,453	)		139,112			(62,945	)
Comprehensive loss attributable to common shareholders	$	(20,332	)	$	(5,498	)	$	(10,008	)	$	15,506		$	(20,332	)

29

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

	Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	502,868		$	469,952		$	(140,884	)	$	831,936
Cost of goods sold		—			296,436			267,895			(142,405	)		421,926
Gross profit		—			206,432			202,057			1,521			410,010
Selling, general and administrative expenses		31,827			126,492			85,090			(206	)		243,203
Research and development expenses		—			27,089			4,442			—			31,531
Restructuring and other impairment charges		—			9,278			12,843			—			22,121
Income (loss) from continuing operations before interest and taxes		(31,827	)		43,573			99,682			1,727			113,155
Interest expense		67,190			(42,144	)		3,572			—			28,618
Interest income		(3	)		—			(311	)		—			(314	)
Income (loss) from continuing operations before taxes		(99,014	)		85,717			96,421			1,727			84,851
Taxes (benefit) on income (loss) from continuing operations		(35,746	)		27,980			20,739			776			13,749
Equity in net income of consolidated subsidiaries		134,253			65,749			—			(200,002	)		—
Income from continuing operations		70,985			123,486			75,682			(199,051	)		71,102
Operating income (loss) from discontinued operations		(2,152	)		—			368			—			(1,784	)
Taxes (benefit) on income (loss) from discontinued operations		(646	)		—			90			—			(556	)
Income (loss) from discontinued operations		(1,506	)		—			278			—			(1,228	)
Net income		69,479			123,486			75,960			(199,051	)		69,874
Less: Income from continuing operations attributable to noncontrolling interests		—			—			395			—			395
Net income attributable to common shareholders		69,479			123,486			75,565			(199,051	)		69,479
Other comprehensive loss attributable to common shareholders		(30,710	)		(33,350	)		(27,372	)		60,722			(30,710	)
Comprehensive income attributable to common shareholders	$	38,769		$	90,136		$	48,193		$	(138,329	)	$	38,769

30

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

	Six Months Ended July 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	473,548		$	409,706		$	(119,355	)	$	763,899
Cost of goods sold		—			278,961			233,622			(117,162	)		395,421
Gross profit		—			194,587			176,084			(2,193	)		368,478
Selling, general and administrative expenses		28,569			121,377			67,831			310			218,087
Research and development expenses		—			21,919			3,336			—			25,255
Goodwill impairment		—			331,779			349			—			332,128
Restructuring and other impairment charges		—			(1,650	)		646			—			(1,004	)
Gain on sales of businesses and assets		(116,194	)		—			(332	)		116,194			(332	)
Income (loss) from continuing operations before interest and taxes		87,625			(278,838	)		104,254			(118,697	)		(205,656	)
Interest expense		73,101			(40,240	)		3,590			—			36,451
Interest income		(253	)		(8	)		(723	)		—			(984	)
Income (loss) from continuing operations before taxes		14,777			(238,590	)		101,387			(118,697	)		(241,123	)
Taxes (benefit) on income (loss) from continuing operations		(35,061	)		17,193			14,495			(903	)		(4,276	)
Equity in net income of consolidated subsidiaries		(290,814	)		78,760			—			212,054			—
Income (loss) from continuing operations		(240,976	)		(177,023	)		86,892			94,260			(236,847	)
Operating income (loss) from discontinued operations		(91	)		(9,429	)		2,400			—			(7,120	)
Taxes (benefit) on income (loss) from discontinued operations		55			(3,584	)		171			—			(3,358	)
Income (loss) from discontinued operations		(146	)		(5,845	)		2,229			—			(3,762	)
Net income (loss)		(241,122	)		(182,868	)		89,121			94,260			(240,609	)
Less: Income from continuing operations attributable to noncontrolling interests		—			—			513			—			513
Net income (loss) attributable to common shareholders		(241,122	)		(182,868	)		88,608			94,260			(241,122	)
Other comprehensive loss attributable to common shareholders		(28,902	)		(43,257	)		(34,766	)		78,023			(28,902	)
Comprehensive income (loss) attributable to common shareholders	$	(270,024	)	$	(226,125	)	$	53,842		$	172,283		$	(270,024	)

31

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2013
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	28,093	$	—	$	253,325	$	—		$	281,418
Accounts receivable, net		1,325		845,867		540,488		(1,075,799	)		311,881
Inventories, net		—		213,247		149,733		(14,372	)		348,608
Prepaid expenses and other current assets		7,010		4,735		16,025		—			27,770
Prepaid taxes		15,872		—		17,251		—			33,123
Deferred tax assets		14,051		24,227		7,693		—			45,971
Assets held for sale		—		2,740		5,195		—			7,935
Total current assets		66,351		1,090,816		989,710		(1,090,171	)		1,056,706
Property, plant and equipment, net		7,347		185,529		118,588		—			311,464
Goodwill		—		710,786		529,806		—			1,240,592
Intangibles assets, net		—		758,520		294,325		—			1,052,845
Investments in affiliates		5,326,916		1,290,138		21,263		(6,636,427	)		1,890
Deferred tax assets		58,641		—		2,994		(61,549	)		86
Other assets		32,229		2,738,907		476,276		(3,186,858	)		60,554
Total assets	$	5,491,484	$	6,774,696	$	2,432,962	$	(10,975,005	)	$	3,724,137
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		81,392		957,737		116,534		(1,079,170	)		76,493
Accrued expenses		17,613		23,912		36,625		—			78,150
Current portion of contingent consideration		—		11,761		608		—			12,369
Payroll and benefit-related liabilities		26,876		7,356		26,883		—			61,115
Accrued interest		8,956		—		4		—			8,960
Income taxes payable		—		—		17,917		—			17,917
Other current liabilities		1,212		427		1,892		—			3,531
Total current liabilities		136,049		1,001,193		205,163		(1,079,170	)		263,235
Long-term borrowings		970,825		—		—		—			970,825
Deferred tax liabilities		—		418,108		56,987		(61,549	)		413,546
Pension and other postretirement benefit liabilities		99,994		37,598		18,831		—			156,423
Noncurrent liability for uncertain tax positions		14,496		25,728		26,928		—			67,152
Other liabilities		2,470,688		20,372		749,181		(3,188,812	)		51,429
Total liabilities		3,692,052		1,502,999		1,057,090		(4,329,531	)		1,922,610
Total common shareholders’ equity		1,799,432		5,271,697		1,373,777		(6,645,474	)		1,799,432
Noncontrolling interest		—		—		2,095		—			2,095
Total equity		1,799,432		5,271,697		1,375,872		(6,645,474	)		1,801,527
Total liabilities and equity	$	5,491,484	$	6,774,696	$	2,432,962	$	(10,975,005	)	$	3,724,137

32

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

	December 31, 2012
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	70,860	$	1,989	$	264,190	$	—		$	337,039
Accounts receivable, net		2,147		774,280		511,609		(990,060	)		297,976
Inventories, net		—		202,748		136,492		(15,893	)		323,347
Prepaid expenses and other current assets		7,769		5,294		15,649		—			28,712
Prepaid taxes		11,079		—		19,217		(3,136	)		27,160
Deferred tax assets		13,987		27,130		6,810		(1,045	)		46,882
Assets held for sale		—		2,738		5,225		—			7,963
Total current assets		105,842		1,014,179		959,192		(1,010,134	)		1,069,079
Property, plant and equipment, net		7,258		168,451		122,236		—			297,945
Goodwill		—		702,947		546,509		—			1,249,456
Intangibles assets, net		—		782,631		276,161		—			1,058,792
Investments in affiliates		5,226,567		1,281,201		21,379		(6,527,081	)		2,066
Deferred tax assets		59,644		—		3,197		(62,545	)		296
Other assets		33,937		2,707,264		720,184		(3,399,522	)		61,863
Total assets	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		80,495		873,754		114,140		(993,224	)		75,165
Accrued expenses		11,338		20,471		33,255		—			65,064
Current portion of contingent consideration		—		21,115		2,578		—			23,693
Payroll and benefit-related liabilities		24,633		19,799		30,154		—			74,586
Accrued interest		9,413		—		5		—			9,418
Income taxes payable		—		—		18,709		(3,136	)		15,573
Other current liabilities		598		1,131		5,522		(1,045	)		6,206
Total current liabilities		126,477		936,270		209,063		(997,405	)		274,405
Long-term borrowings		965,280		—		—		—			965,280
Deferred tax liabilities		—		427,146		54,664		(62,544	)		419,266
Pension and other postretirement benefit liabilities		114,257		37,269		19,420		—			170,946
Noncurrent liability for uncertain tax positions		13,131		28,440		26,721		—			68,292
Other liabilities		2,435,153		35,543		991,327		(3,402,252	)		59,771
Total liabilities		3,654,298		1,464,668		1,301,195		(4,462,201	)		1,957,960
Total common shareholders’ equity		1,778,950		5,192,005		1,345,076		(6,537,081	)		1,778,950
Noncontrolling interest		—		—		2,587		—			2,587
Total equity		1,778,950		5,192,005		1,347,663		(6,537,081	)		1,781,537
Total liabilities and equity	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497

33

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(61,271	)	$	46,124		$	69,984		$	54,837
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(711	)		(28,617	)		(7,569	)		(36,897	)
Investments in affiliates		(50	)		—			—			(50	)
Payments for businesses and intangibles acquired, net of cash acquired		—			1,500			(38,454	)		(36,954	)
Net cash used in investing activities from continuing operations		(761	)		(27,117	)		(46,023	)		(73,901	)
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from stock compensation plans		5,298			—			—			5,298
Dividends		(27,944	)		—			—			(27,944	)
Payments for contingent consideration		—			(7,922	)		(1,565	)		(9,487	)
Payments to noncontrolling interest shareholders		—			—			(736	)		(736	)
Intercompany transactions		42,748			(13,074	)		(29,674	)		—
Net cash provided by (used in) financing activities from continuing operations		20,102			(20,996	)		(31,975	)		(32,869	)
Cash Flows from Discontinued Operations:
Net cash used in operating activities		(837	)		—			(600	)		(1,437	)
Net cash used in discontinued operations		(837	)		—			(600	)		(1,437	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(2,251	)		(2,251	)
Net decrease in cash and cash equivalents		(42,767	)		(1,989	)		(10,865	)		(55,621	)
Cash and cash equivalents at the beginning of the period		70,860			1,989			264,190			337,039
Cash and cash equivalents at the end of the period	$	28,093		$	—		$	253,325		$	281,418

34

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

	Six Months Ended July 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	$	(76,757	)	$	109,847		$	56,148		$	89,238
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(4,349	)		(15,700	)		(8,844	)		(28,893	)
Proceeds from sales of businesses and assets, net of cash sold		—			—			17,155			17,155
Payments for businesses and intangibles acquired, net of cash acquired		—			(52,404	)		(3,293	)		(55,697	)
Net cash (used in) provided by investing activities from continuing operations		(4,349	)		(68,104	)		5,018			(67,435	)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		—			(421	)		(286	)		(707	)
Proceeds from stock compensation plans		4,091			—			—			4,091
Payments for contingent consideration		—			(6,930	)		—			(6,930	)
Dividends		(27,756	)		—			—			(27,756	)
Intercompany transactions		43,376			(33,555	)		(9,821	)		—
Net cash provided by (used in) financing activities from continuing operations		19,711			(40,906	)		(10,107	)		(31,302	)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(9,475	)		1,284			—			(8,191	)
Net cash used in investing activities		—			(2,121	)		—			(2,121	)
Net cash used in discontinued operations		(9,475	)		(837	)		—			(10,312	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(19,286	)		(19,286	)
Net (decrease) increase in cash and cash equivalents		(70,870	)		—			31,773			(39,097	)
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	$	43,661		$	—		$	501,330		$	544,991

Note 16 — 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 statement of income (loss) line item Gain on sales of businesses and assets. During the second quarter of 2012, the Company sold a building, with a net book value of zero, that had been classified as an asset held for sale and realized a gain of approximately $0.3 million.

Discontinued Operations

The Company has recorded $1.0 million and $1.8 million of expense during the three and six month periods ended June 30, 2013, respectively, and $1.2 million and $0.2 million of expense during the three and six month periods ended July 1, 2012, respectively, associated with retained liabilities related to businesses that have been divested.

35

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

On August 26, 2012, the Company completed the sale of the orthopedic business of its OEM Segment to Tecomet Inc. for $45.2 million in cash and realized a loss of $39 thousand, net of tax, from the sale of the business.

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

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in thousands)
Net revenues	$	—		$	6,637		$	—		$	13,827
Costs and other expenses		1,026			7,250			1,784			13,511
Goodwill impairment(1)		—			9,700			—			9,700
Gain on disposition(2)		—			2,264			—			2,264
Loss from discontinued operations before income taxes		(1,026	)		(8,049	)		(1,784	)		(7,120	)
Provision for income taxes		(260	)		(3,682	)		(556	)		(3,358	)
Loss from discontinued operations		(766	)		(4,367	)		(1,228	)		(3,762	)
Less: Income from discontinued operations attributable to noncontrolling interest		—			—			—			—
Loss from discontinued operations attributable to common shareholders	$	(766	)	$	(4,367	)	$	(1,228	)	$	(3,762	)

(1) During the second quarter of 2012, the Company recognized a non-cash goodwill impairment charge of $9.7 million to adjust the carrying value of the orthopedic business to its estimated fair value.

(2) The $2.3 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

Note 17 — Subsequent event

On July 16, 2013, the Company replaced its $775 million senior credit facility comprised of a $375 million term loan and a $400 million revolving credit facility with a new $850 million senior credit facility consisting solely of a revolving credit facility. In connection with this transaction, the Company incurred transaction fees of $6.4 million, which will be recorded as a deferred asset and will be amortized over the term of the facility. Additionally, in the third quarter of 2013, in connection with the early repayment of its $375 million term loan, the Company will recognize expense of approximately $1.3 million of related unamortized debt issuance costs.

The new $850 million senior credit facility bears interest at an applicable rate elected by the Company equal to either the “base rate” (the greater of either the federal funds effective rate plus 0.5%, the prime rate or one month LIBOR plus 1.0%) plus an applicable margin of 0.25% to 1.00%, or a “LIBOR rate” for the period corresponding to the applicable interest period of the borrowings plus an applicable margin of 1.25% to 2.00%. As of the date of the transaction, the interest rate on the $850 million senior credit facility was 1.94% (comprised of a LIBOR rate of 0.19% plus a spread of 1.75%).

36

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 and purchases by or from major customers or suppliers; delays or cancellations in shipments; 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, interest rates and sovereign debt issues; 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, 2012. 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

We are 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 140 countries through a combination of our direct sales force and distributors. Because our products are used in numerous markets and for a variety of procedures, we are not dependent upon any one end-market or procedure.

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 our products in existing markets, as well as the introduction of our products into 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.

During 2012, we continued to expand our presence in the anesthesia market through the acquisition of substantially all of the assets of LMA International N.V. (“LMA”), a global provider of laryngeal masks whose products are used in anesthesia and emergency care. In addition, consistent with our strategy to invest in new technologies and research and development to support our future growth, we completed four late-stage technology acquisitions in 2012. Also during 2012, we sold the orthopedics business line of our OEM Segment.

37

During the second quarter of 2013, we acquired the assets of Ultimate Medical Pty. Ltd. and its affiliates, a supplier of airway management devices with a related portfolio of patented products, which complements the anesthesia product portfolio in our Critical Care division. Also during the second quarter of 2013, we acquired Eon Surgical, Ltd., a developer of a minimally invasive microlaparoscopy surgical platform technology designed to enhance surgeons’ ability to perform scarless surgery while producing better patient outcomes, which complements the product portfolio of our Surgical Care division.

See Note 3 to the condensed consolidated financial statements included in this report for a discussion of the acquisitions and see Note 16 to the condensed consolidated financial statements included in this report for a discussion of the disposition.

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, respiratory care and specialty markets; 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.

Change in Reporting Segments and Business Unit Structure

During the third quarter of 2012, due to changes in our management and internal reporting structure, our Latin America operations were moved from the AJLA Segment into the North America Segment. As a result of this change, the North America Segment is now referred to as the Americas Segment and the AJLA Segment is now referred to as the Asia Segment. The change did not affect our reporting unit structure.

Segment data for all prior comparative periods has been restated to reflect the changes discussed above. See Note 14 to the condensed consolidated financial statements included in this report for a discussion of the segments.

Critical Accounting Estimates

The preparation of 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 the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions.

In our Annual Report on Form 10-K for the year ended December 31, 2012, we provided disclosure regarding our critical accounting estimates, which are reflective of significant judgments and uncertainties, are important to the presentation of our financial condition and results of operations and could potentially result in materially different results under different assumptions and conditions.

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 currently estimate the impact of the medical device excise tax will be approximately $12 million for 2013. For the three and six month periods ended June 30, 2013 the medical device excise tax was $2.8 million and $5.7 million, respectively, which is included in selling, general and administrative expenses.

Results of Operations

The discussion of revenues on a constant currency basis excludes the impact of translating the results of international subsidiaries at different currency exchange rates from year to year. Certain financial information is presented on a rounded basis, which may cause minor differences.

38

Net Revenues

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

	Three Months Ended				% Increase/ (Decrease)
	June 30, 2013		July 1, 2012		Constant Currency(1)			Foreign Currency			Total Change
	(Dollars in millions)
Critical Care	$	289.3	$	253.9		14.0	%		(0.1	)%		13.9	%
Surgical Care		78.1		72.9		6.6			0.5			7.1
Cardiac Care		20.2		20.5		(1.0	)		(0.6	)		(1.6	)
OEM		32.1		36.0		(11.0	)		0.2			(10.8	)
Other		0.4		—		—			—			—
Total net revenues	$	420.1	$	383.3		9.6			—			9.6

	Six Months Ended				% Increase/ (Decrease)
	June 30, 2013		July 1, 2012		Constant Currency(1)			Foreign Currency			Total Change
	(Dollars in millions)
Critical Care	$	576.3	$	510.2		13.0	%		(0.1	)%		12.9	%
Surgical Care		152.8		145.0		5.0			0.4			5.4
Cardiac Care		39.1		41.0		(4.2	)		(0.7	)		(4.9	)
OEM		63.5		67.7		(6.4	)		0.2			(6.2	)
Other		0.2		—		—			—			—
Total net revenues	$	831.9	$	763.9		8.9			—			8.9

(1) Constant currency is a non-GAAP financial measure that measures the change in net revenues between current and prior year periods by excluding the impact of translating the results of international subsidiaries at different currency exchange rates from period to period. The constant currency increase/decrease percentage is calculated by translating the prior year period’s local currency net revenues into an amount reflecting the current year period’s foreign currency exchange rates and calculating the percentage difference between net revenues for the current year period and net revenues for the prior year period, as so translated. Management believes this measure is useful to investors because it eliminates items that do not reflect our day-to-day operations. In addition, management uses this financial measure for internal managerial purposes, when publicly providing guidance on possible future results, and to assist in our evaluation of period-to-period comparisons. This financial measure may not be comparable to similarly titled measures used by other companies, is presented in addition to results presented in accordance with GAAP and should not be relied upon as a substitute for GAAP financial measures.

Net revenues for the three months ended June 30, 2013, increased 9.6% to $420.1 million from $383.3 million for the three months ended July 1, 2012. The $36.8 million increase in net revenues is largely due to the businesses acquired during 2012, which generated net revenues of approximately $33.1 million, including approximately $32.5 million generated by the LMA business. Net revenues further benefited from new products ($5.1 million) primarily in the Americas, EMEA and OEM, price increases ($3.5 million) mostly in the Americas and EMEA and volume gains of $3.5 million in EMEA, on existing products and in Asia, in South East Asia and China. These increases were partly offset by volume declines of approximately $8.5 million in the Americas primarily respiratory products and Latin America and OEM, on lower sales of catheters and performance fiber products. Net revenues for the six months ended June 30, 2013 increased 8.9% to $831.9 million from $763.9 million in the six months ended July 1, 2012. The $68.0 million increase in net revenues is largely due to the businesses acquired during 2012, which generated net revenues of approximately $67.1 million, including approximately $66.0 million generated by the LMA business. Net revenues further benefited from new products ($9.4 million) primarily in the Americas, EMEA and OEM, price increases ($5.4 million) mostly in the Americas

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and volume gains ($2.7 million) in Asia and EMEA. These increases were partly offset by volume declines of approximately $16.5 million in the Americas, primarily in respiratory products and Latin America; and OEM, primarily on lower sales of catheters and performance fibers.

Critical Care net revenues for the three and six months ended June 30, 2013, excluding the impact of foreign currency exchange rates, increased 14.0% and 13.0%, respectively over the corresponding prior year periods. The increase in net revenues for the three months and six months ended June 30, 2013 was due to higher sales of anesthesia, vascular access and urology products. The growth in sales of anesthesia products was primarily related to the acquisition of the LMA businesses. The increase in net revenues for the three and six months ended June 30, 2013 was partially offset by a decline in sales of respiratory products.

Surgical Care net revenues for the three and six months ended June 30, 2013, excluding the impact of foreign currency exchange rates, increased 6.6% and 5.0%, respectively, over the corresponding prior year periods. The increase in net revenues for the three and six months ended June 30, 2013 was due to higher sales of ligation and access products, partially offset by a decline in sales of chest drainage and general surgical instrument products.

Cardiac Care net revenues for the three and six months ended June 30, 2013, excluding the impact of foreign currency exchange rates, decreased 1.0% and 4.2%, respectively, over the corresponding prior year periods. The decrease in net revenues for the three and six months ended June 30, 2013 was due to a decline in sales of intra-aortic balloon pumps.

OEM net revenues for the three and six months ended June 30, 2013, excluding the impact of foreign currency exchange rates, decreased 11.0% and 6.4%, respectively, over the corresponding prior year periods. The decrease in net revenues for the three and six months ended June 30, 2013 was due to a decline in sales of catheter and performance fiber products.

Gross profit

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in millions)
Gross profit	$	209.5		$	184.4		$	410.0		$	368.5
Percentage of sales		49.9	%		48.1	%		49.3	%		48.2	%

For the three months and six months ended June 30, 2013, gross profit as a percentage of revenues increased 1.8% and 1.1% compared to the corresponding prior year periods. The increases are principally due to the inclusion of higher margin sales from the LMA business in the Americas, EMEA and Asia and price increases, primarily in the Americas. In addition, gross profit in the 2012 periods was adversely affected by inventory write-offs for excess, slow moving and damaged product in AJLA. These benefits were partly offset by higher warehousing and freight costs in EMEA and Asia, including costs to consolidate distribution facilities in France.

Selling, general and administrative

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in millions)
Selling, general and administrative	$	116.3		$	106.0		$	243.2		$	218.1
Percentage of sales		27.7	%		27.6	%		29.2	%		28.5	%

Selling, general and administrative expenses increased $10.3 million during the three months ended June 30, 2013 compared to the three months ended July 1, 2012. The increase is largely due to expenses associated with the businesses acquired (approximately $10.4 million, including $8.9 million in expenses associated with the

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LMA business, the excise tax associated with the Patient Protection and Affordable Care Act (approximately $2.8 million), higher employee related expenses, foreign currency transaction losses ($1.8 million) and increases in reserves in EMEA ($1.0 million). The increases were partly offset by a $6.6 million reversal of contingent consideration, including $4.2 million related to the acquisition of Hotspur Technologies (“Hotspur”) and $2.4 million related to the acquisition of Semprus BioSciences (“Semprus”). Selling, general and administrative expenses increased $25.1 million during the six months ended June 30, 2013 compared to the six months ended July 1, 2012. The increase is largely due to expenses associated with the businesses acquired (approximately $22.1 million, including $19.2 million in expenses associated with the LMA business, the excise tax associated with the Patient Protection and Affordable Care Act (approximately $5.7 million), higher employee related expenses, foreign currency transaction losses ($2.6 million) and a litigation verdict against us with respect to a non-operating joint venture ($1.3 million). The increases were partly offset by a $8.1 million reversal of contingent consideration related to the acquisitions of Hotspur, Semprus and the assets of Axiom Technology Partners LLP ($1.4 million; the “Axiom acquisition”).

Research and development

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in millions)
Research and development	$	16.5		$	13.7		$	31.5		$	25.3
Percentage of sales		3.9	%		3.6	%		3.8	%		3.3	%

The increase in research and development expenses is primarily due to the businesses acquired in 2012.

Goodwill Impairment

Due to a change in the reporting unit structure in North America in the first quarter of 2012, we were required to conduct a goodwill impairment test with respect to each of the North American reporting units and determined that the goodwill of three of the reporting units was impaired. As a result, we recorded a goodwill impairment charge of $332.0 million in the first quarter of 2012. See Note 5 to the condensed consolidated financial statements included in this report for a discussion of the goodwill impairment.

Interest expense

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in millions)
Interest expense	$	14.4		$	18.2		$	28.6		$	36.5
Average interest rate on debt		4.1	%		4.1	%		4.1	%		4.2	%

Interest expense decreased for the three and six months ended June 30, 2013, compared to the corresponding periods in 2012, primarily because 2012 interest expense included amortization expense related to our termination of an interest rate swap (approximately $3.6 million and $7.4 million for the three and six months ended July 1, 2012, respectively). We terminated our agreement related to the interest rate swap, covering a notional amount of $350 million, in 2011. The unrealized losses within accumulated other comprehensive income associated with our interest rate swap were reclassified into our statement of income (loss) during 2012.

Taxes on income from continuing operations

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
Effective income tax rate		12.3	%		(0.6	)%		16.2	%		1.8	%

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The effective income tax rate for the three months and six months ended June 30, 2013 was 12.3% and 16.2%, respectively, compared to (0.6)% and 1.8% for the three months and six months ended July 1, 2012, respectively. The effective tax rate for the three and six months ended June 30, 2013 was impacted by the realization of net tax benefits resulting from the resolution of a foreign tax matter and the expiration of statutes of limitation for a US state matter. The effective tax rate for the three months ended July 1, 2012 was impacted by (i) a $7.7 million tax benefit on the settlement of foreign tax audits and (ii) an approximate $5.0 million reduction in deferred tax liability resulting from a reduction in tax expense associated with potential future repatriation of non-permanently reinvested foreign earnings. In addition to the aforementioned items, the effective tax rate for the six months ended July 1, 2012, was also impacted by a $332 million goodwill impairment charge recorded in the first quarter of 2012, for which only $45 million was tax deductible.

Restructuring and other impairment charges

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Dollars in millions)
Restructuring and other impairment charges	$	13.0	$	0.3	$	22.1	$	(1.0	)

During the three and six months ended June 30, 2013, we recorded $13.0 million and $22.1 million, respectively, in restructuring and impairment charges. For the three months ended June 30, 2013, we incurred $3.9 million of charges pertaining to termination benefit costs, contract termination costs and facility closure and other costs incurred in connection with our LMA restructuring program, approximately $6.3 million primarily related to termination benefit and contract termination costs associated with other restructuring activities initiated in 2012 and 2013 and $2.8 million of charges related to expected post-closing obligations associated with acquired businesses. For the six months ended June 30, 2013, we recorded a $4.5 million write-off of an in-process research and development project associated with the Axiom acquisition, $6.6 million pertaining to termination benefit costs, contract termination costs and facility closure and other costs incurred in connection with our LMA restructuring program, approximately $8.2 million primarily related to termination benefit and contract termination costs associated with other restructuring activities initiated in 2012 and 2013 and $2.8 million of charges related to expected post-closing obligations associated with acquired businesses.

During the six months ended July 1, 2012, we reversed approximately $2.0 million of contract termination costs related to a settlement of a dispute involving the termination of a European distributor agreement that was established in connection with our acquisition of Arrow in 2007. This reversal was partly offset by $1.0 million of additional termination benefit costs, facility closure costs and contract termination costs primarily related to restructuring activities initiated at the beginning of 2012.

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For additional information regarding our restructuring programs, see Note 4 to our condensed consolidated financial statements included in this report.

Segment Reviews

	Three Months Ended							Six Months Ended
	June 30, 2013		July 1, 2012		% Increase/ (Decrease)			June 30, 2013		July 1, 2012		% Increase/ (Decrease)
	(Dollars in millions)
Americas	$	199.8	$	176.8		13.0	%	$	395.4	$	357.1		10.7	%
EMEA		137.8		126.9		8.6			280.2		261.5		7.2
Asia		50.4		43.6		15.5			92.8		77.6		19.5
OEM		32.1		36.0		(10.8	)		63.5		67.7		(6.2	)
Segment net revenues	$	420.1	$	383.3		9.6		$	831.9	$	763.9		8.9
Americas	$	33.6	$	24.1		39.3		$	54.4	$	48.9		11.3
EMEA		18.6		19.6		(5.4	)		37.7		40.6		(7.3	)
Asia		16.8		12.7		32.8			29.1		22.1		31.7
OEM		7.7		8.3		(6.8	)		14.1		13.5		4.2
Segment operating profit(1)	$	76.7	$	64.7		18.5		$	135.3	$	125.1		8.1

(1) See Note 14 of our condensed consolidated financial statements included in this report for a reconciliation of segment operating profit to our condensed consolidated income (loss) from continuing operations before interest and taxes.

The following is a discussion of our segment operating results.

Comparison of the three and six months ended June 30, 2013 and July 1, 2012

Americas

Americas net revenues for the three months ended June 30, 2013, increased 13.0% compared to the corresponding period in 2012. The increase was primarily due to businesses acquired in 2012, which added net revenues of approximately $20.2 million, including approximately $19.8 million generated by the LMA business; new product sales ($4.0 million), primarily of vascular and anesthesia/respiratory products; and price increases ($2.7 million), principally related to surgical care and vascular products. These increases in net revenues were partly offset by lower volumes ($4.1 million) primarily in Anesthesia/Respiratory, reflecting an order shortfall as large distributors adjust inventory levels to compensate for a shorter than expected flu season; and Latin America, due to importation restrictions in Argentina. Americas net revenues for the six months ended June 30, 2013, increased 10.7% compared to the corresponding period in 2012. The increase was primarily due to businesses acquired in 2012, which added net revenues of approximately $38.2 million, including approximately $37.5 million generated by the LMA business; new product sales ($6.7 million), primarily of vascular and anesthesia/respiratory products; and price increases ($4.5 million), principally related to surgical care products, Latin America and vascular products. These increases in net revenues were partly offset by lower volumes ($11.2 million), primarily in Anesthesia/Respiratory, Vascular and Latin America.

Americas segment operating profit for the three months ended June 30, 2013, increased 39.3% compared to the corresponding period in 2012. The increase was primarily due to the reversal of contingent consideration related to the Hotspur and Semprus acquisitions ($5.4 million), price increases ($2.7 million), operating profit generated by the businesses acquired, which contributed $4.1 million, and new product sales ($1.2 million). The $4.1 million operating profit generated by the businesses acquired reflects the contribution of the LMA business ($8.4 million), partly offset by increased research and development costs ($2.5 million) associated with the

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continued investment in new technologies obtained through acquisitions and incremental net operating costs associated with the businesses acquired ($1.8 million). These increases in operating profit were partly offset by lower volume and the excise tax associated with the Patient Protection and Affordable Care Act ($2.7 million) and increases in inventory reserves. Americas segment operating profit for the six months ended June 30, 2013, increased 11.3% compared to the corresponding period in 2012. The increase in operating profit was primarily due to the reversal of contingent consideration related to the Hotspur, Semprus and Axiom acquisitions ($6.8 million), price increases ($4.5 million), the operating profit generated by the businesses acquired, which contributed $6.7 million and new product sales ($2.4 million). The $6.7 million operating profit generated by the businesses acquired reflects the contribution of the LMA business ($15.6 million), largely offset by increased research and development costs (approximately $5.6 million) associated with the continued investment in new technologies obtained through acquisitions, and incremental operating costs associated with the businesses acquired ($3.3 million). These increases in operating profit were partly offset lower volume, the excise tax associated with the Patient Protection and Affordable Care Act ($5.6 million), higher warehouse and freight costs ($2.3 million), including costs associated with the consolidation of distribution facilities, higher manufacturing costs and increases in inventory reserves.

EMEA

EMEA net revenues for the three months ended June 30, 2013, increased 8.6% compared to the corresponding period in 2012. The increase was primarily due to businesses acquired in 2012, which added net revenues of approximately $6.2 million, including $6.1 million generated by the LMA business; higher volume ($2.5 million), primarily due to higher volume in Interventional Access, Urology and Anesthesia products; price increases ($0.8 million), new product sales ($0.7 million) and the favorable impact of foreign currency exchange rates ($0.7 million). EMEA net revenues for the six months ended June 30, 2013, increased 7.2% compared to the corresponding period in 2012. The increase was primarily due to businesses acquired in 2012, which added net revenues of approximately $14.7 million, including approximately $14.4 million generated by the LMA business; new product sales ($1.7 million), the favorable impact of foreign currency exchange rates ($1.3 million), volume gains ($0.6 million) and price increases ($0.5 million).

EMEA segment operating profit for the three months ended June 30, 2013, decreased 5.4% compared to the corresponding period in 2012. The decrease was primarily due to higher warehousing and freight costs ($1.6 million), including costs to consolidate a distribution facility in France, increases in reserves ($1.4 million), primarily related to Italian receivables and inventory; foreign currency transaction losses ($1.2 million) and higher employee related costs. These decreases were largely offset by higher volume ($2.0 million), price increases ($0.8 million) and the reversal of contingent consideration related to the Semprus acquisition ($0.8 million). EMEA segment operating profit for the six months ended June 30, 2013, decreased 7.3% compared to the corresponding period in 2012. The decrease was primarily due to higher warehousing and freight costs ($3.1 million), including costs to consolidate a distribution facility in France, foreign currency transaction losses ($1.7 million), increases in reserves ($1.7 million), primarily related to Italian receivables and inventory; and employee related costs. These decreases were partly offset by lower manufacturing costs, lower selling costs, reflecting synergies associated with the LMA acquisition; and the reversal of contingent consideration related to the Semprus acquisition ($0.8 million).

Asia

Asia net revenues for the three months ended June 30, 2013, increased 15.5% compared to the corresponding period in 2012. The increase was primarily due to $6.7 million of net revenues generated by the LMA business and volume gains of $1.0 million (volume gains in South East Asia and China were largely offset by lower volumes in Japan). These increases were partly offset by the unfavorable impact of foreign currency exchange rates ($0.8 million). Asia net revenues for the six months ended June 30, 2013, increased 19.5% compared to the corresponding period in 2012. The increase was primarily due to $14.1 million of net revenues generated by the LMA business, volume gains of $2.1 million (volume gains in China and South East Asia were largely offset by lower volumes in Japan) and price increases ($0.4 million). These increases were partly offset by the unfavorable impact of foreign currency exchange rates ($1.5 million).

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Asia segment operating profit for the three and six months ended June 30, 2013, increased 32.8% and 31.7%, respectively compared to the corresponding periods in 2012. In 2012, Asia segment operating profit was adversely affected by inventory write-offs for excess, slow moving and damaged product (approximately $2.8 million and $4.9 million in the three and six months ended July 1, 2012, respectively). In addition, Asia segment operating profit increased due to the operating profit generated by the LMA business (approximately $1.9 million and $3.6 million, in the three and six months ended June 30, 2013).

OEM

OEM net revenues for the three and six months ended June 30, 2013, decreased 10.8% and 6.2%, respectively compared to the corresponding period in 2012. The decrease was due to lower volume, primarily due to a decline in sales of catheter and performance fiber products, partly offset by new product sales.

OEM segment operating profit for the three months ended June 30, 2013, decreased 6.8% compared to the corresponding period in 2012. The decrease is due to lower volume. OEM segment operating profit for the six months ended June 30, 2013, increased 4.2% compared to the corresponding period in 2012. The increase reflects lower manufacturing and operating costs largely offset by the volume decline.

Liquidity and Capital Resources

Cash Flows

Operating activities from continuing operations provided net cash of approximately $54.8 million during the first six months of 2013 compared to $89.2 million during the first six months of 2012. The $34.4 million decrease is primarily due to unfavorable year-over-year changes in working capital items and a $2.3 million increase in contributions to domestic pension plans. The unfavorable change in working capital items principally reflects a $29.4 million increase in inventory, primarily in the Americas and Asia, during the six months ended June 30, 2013, as compared to a $2.7 million decrease in inventory during the six months ended July 1, 2012.

We currently do not foresee any difficulties in meeting our cash requirements or accessing credit as needed in the next twelve months. In July 2013, we refinanced our senior credit facility, replacing our existing term loan of $375.0 million and our existing $400.0 million revolving credit facility with an $850.0 million dollar revolving credit facility. We paid the outstanding $375 million principal on the term loan and approximately $6.4 million in costs related to the refinancing with borrowings under the new revolving credit facility. The new $850 million senior credit facility bears interest at an applicable rate elected by us equal to either the “base rate” (the greater of either the federal funds effective rate plus 0.5%, the prime rate or one month LIBOR plus 1.0%) plus an applicable margin of 0.25% to 1.00%, or a “LIBOR rate” for the period corresponding to the applicable interest period of the borrowings plus an applicable margin of 1.25% to 2.00%. As of the date of the transaction, the interest rate on the $850 million senior credit facility was 1.94% (comprised of a LIBOR rate of 0.19% plus a spread of 1.75%). To date, we have not experienced an inordinate amount of payment defaults by our customers, and we believe we have sufficient lending commitments in place to enable us to fund our anticipated operating needs. However, the ongoing volatility in the domestic and global financial markets, including the European sovereign debt crisis, combined with a continuation of constrained global credit markets, raises a risk that our customers and suppliers may be unable to access liquidity. Consequently, we continue to monitor our credit risk related to countries in Europe. As of June 30, 2013, our net receivables from publicly funded hospitals in Italy, Spain, Portugal and Greece were $76.5 million compared to $70.6 million as of December 31, 2012. For the six months ended June 30, 2013 and July 1, 2012, net revenues from these countries were approximately 9% of total net revenues in both of the periods, respectively, and average days that accounts receivable were outstanding were 297 and 287 days, respectively. As of June 30, 2013 and December 31, 2012, net trade receivables from these countries were approximately 37% and 34%, respectively, of consolidated accounts receivable, net. If economic conditions in these countries continue to deteriorate, we may experience significant credit losses related to the public hospital systems in these countries. Moreover, if global economic conditions generally deteriorate, we may experience further delays in customer payments, reductions in our customers’ purchases from us and higher credit losses, which could have a material adverse effect on our results of operations and cash flows in 2013 and beyond.

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Net cash used in investing activities from continuing operations was $73.9 million during the first six months of 2013 reflecting net payments for businesses acquired of $37.0 million and capital expenditures of $36.9 million. The net payments for businesses acquired includes the acquisitions of EON Surgical, Ltd. and Ultimate Medical Pty. Ltd. for approximately $38.5 million; partly offset by a $1.5 million working capital adjustment with respect to the consideration paid in connection with the LMA acquisition.

Net cash used in financing activities from continuing operations was $32.9 million in the first six months of 2013, primarily due to dividend payments of $27.9 million, contingent consideration payments of $9.5 million related to our acquisitions of Vasonova, Inc., Axiom, LMA, Hotspur and MEPY and payments to noncontrolling interest shareholders of $0.7 million, partly offset by $5.3 million in proceeds from the exercise of outstanding stock options issued under our stock compensation plans.

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 generated 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 (generally, the ratio of consolidated total indebtedness to consolidated EBITDA, as defined in the senior credit agreements) exceeds certain levels, which may limit our ability to repurchase shares under this Board authorization. Through June 30, 2013, no shares have been purchased under this Board authorization.

Net Debt to Total Capital Ratio

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

	June 30, 2013			December 31, 2012
	(Dollars in millions)
Net debt includes:
Current borrowings	$	4.7		$	4.7
Long-term borrowings		970.8			965.3
Total debt		975.5			970.0
Less: Cash and cash equivalents		281.4			337.0
Net debt	$	694.1		$	633.0
Total capital includes:
Net debt	$	694.1		$	633.0
Total common shareholders’ equity		1,799.4			1,779.0
Total capital	$	2,493.5		$	2,412.0
Percent of net debt to total capital		28	%		26	%

Our 3.875% Convertible Notes are convertible under certain circumstances, including upon the attainment of a closing price per share of our common stock that is at least 130% of the conversion price (approximately $79.72) for at least 20 trading days during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter. The Company’s closing stock price has recently approached the 130% threshold, which increases the possibility that the Convertible Notes could become convertible in the near future, at which point the Convertible Notes would be classified as a current liability. The Company has elected a net settlement method to

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satisfy its conversion obligation, under which the Company may settle the principal amount of the Convertible Notes in cash and settle the excess conversion value in shares, plus cash in lieu of fractional shares. The Company believes that it has the ability to raise sufficient cash to repay the principal amounts due through a combination of our existing cash on hand, our credit facility and the raising of funds in the capital markets.

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 (generally, Consolidated Total Indebtedness to Consolidated EBITDA, each as defined in our senior credit agreement) 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 in accordance with the definitions and methodology set forth in the senior credit agreement. Non-recurring, non-cash charges are excluded from the calculation of these ratios and, therefore, do not affect our compliance with these covenants. In addition, under our senior credit agreement, at any time after the date that is six months prior to the maturity of the Convertible Notes, we are required to maintain minimum liquidity of $400 million.

We believe that our cash flow from operations, available cash and cash equivalents and our ability to access additional funds through credit facilities and the capital markets 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.

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, 2012.

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.

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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 June 30, 2013. 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, 2012.

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.

48

Item 6.    Exhibits

The following exhibits are filed as part of this report:

Exhibit No.		Description
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 June 30, 2013, formatted in XBRL (eXtensible Business Reporting Language): (i) the Condensed Consolidated Statements of Income for the three and six months ended June 30, 2013 and July 1, 2012; (ii) the Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2013 and July 1, 2012; (iii) the Condensed Consolidated Balance Sheets as of June 30, 2013 and December 31, 2012; (iv) the Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2013 and July 1, 2012; (v) the Condensed Consolidated Statements of Changes in Equity for the six months ended June 30, 2013 and July 1, 2012; and (vi) Notes to Condensed Consolidated Financial Statements.

49

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 Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

Dated:  July 31, 2013

50

EX-12.1

Exhibit 12.1

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

(in thousands, except ratios)

	Six Months Ended									Year Ended December 31,
	June 30, 2013			July 1, 2012			2012			2011			2010			2009			2008
Earnings:
Income (loss) from continuing operations before taxes before adjustment for income or loss from equity investees	$	84,851		$	(241,123	)	$	(165,369	)	$	145,100		$	104,590		$	159,824		$	81,914
Amortization of previously capitalized interest		—			—			—			—			—			9			35
Distributed income of equity investees		—			—			—			—			—			—			310
Capitalized interest		(393	)		—			(400	)		—			—			—			—
Non-controlling interest income		(395	)		(513	)		(955	)		(1,021	)		(861	)		(632	)		(441	)
	$	84,063		$	(241,636	)	$	(166,724	)	$	144,079		$	103,729		$	159,201		$	81,818
Fixed charges:
Interest expense	$	21,085		$	29,353		$	55,149		$	57,010		$	72,281		$	83,952		$	116,317
Amortization of debt expense		7,533			7,098			14,416			13,526			7,750			5,511			5,330
Capitalized interest		393			—			400			—			—			—			—
Interest factor in rents		4,401			4,047			8,071			9,977			10,477			11,624			12,134
Total fixed charges		33,412			40,498			78,036			80,513			90,508			101,087			133,781
Earnings and fixed charges	$	117,475		$	(201,138	)	$	(88,688	)	$	224,592		$	194,237		$	260,288		$	215,599
Ratio of earnings to fixed charges		3.5			(5.0	)		(1.1	)		2.8			2.1			2.6			1.6

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: July 31, 2013	/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: July 31, 2013	/s/ Thomas E. Powell
	Thomas E. Powell
	Executive 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 June 30, 2013, 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: July 31, 2013	/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 June 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Thomas E. Powell, Executive 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: July 31, 2013	/s/ Thomas E. Powell
	Thomas E. Powell Executive Vice President and Chief Financial Officer

XML

Reconciliation of Segment Assets to Consolidated Total Assets (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jul. 01, 2012
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 3,724,137	$ 3,739,497	$ 3,606,822
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	3,259,091		2,830,562
Corporate, Non-Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	457,111		722,370
Assets Held-for-sale
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 7,935		$ 53,890

XML

Condensed Consolidated Guarantor Financial Information - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Jun. 26, 2011 6.875% Senior Subordinated Notes Due 2019
Condensed Financial Statements, Captions [Line Items]
Senior subordinated notes		$ 250
Interest rate	3.875%	6.875%
Ownership percentage of subsidiaries	100.00%

XML

Financial instruments

6 Months Ended

Jun. 30, 2013

Financial instruments

Note 8 — 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 thereafter is recognized in the statement of income (loss) in the 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 9, “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 June 30, 2013 and December 31, 2012:

	June 30, 2013 Fair Value		December 31, 2012 Fair Value
	(Dollars in thousands)
Asset derivatives:
Foreign exchange contracts:
Prepaid expenses and other current assets	$	466	$	1,279
Total asset derivatives	$	466	$	1,279
Liability derivatives:
Foreign exchange contracts:
Other current liabilities	$	1,212	$	598
Total liability derivatives	$	1,212	$	598

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”) for the three and six months ended June 30, 2013 and July 1, 2012:

	After Tax Gain/(Loss) Recognized in OCI
	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in thousands)
Interest rate swap	$	—		$	2,317		$	—		$	4,703
Foreign exchange contracts		(192	)		(471	)		(12	)		(397	)
Total	$	(192	)	$	1,846		$	(12	)	$	4,306

See Note 10 for information on the location and amount of gains and losses attributable to derivatives that were reclassified from accumulated other comprehensive income (“AOCI”).

There was no ineffectiveness related to the Company’s derivatives for the three and six months ended June 30, 2013 and July 1, 2012.

Based on exchange rates at June 30, 2013, approximately $0.4 million of unrealized losses, net of tax, within AOCI are expected to be reclassified from AOCI to the statement of income (loss) during the next twelve months. However, the actual amount reclassified from AOCI could vary due to future changes in exchange rates.

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 Company’s term loan. The $11.7 million pre-tax value of the interest rate swap was amortized as interest expense over the remaining term of the hedge agreement. As of the end of the third quarter of 2012, all unrealized losses within AOCI associated with this interest rate swap were reclassified into the statement of income (loss).

Concentration of Credit Risk

Concentrations of credit risk with respect to trade accounts receivable are generally limited due to the Company’s large number of customers and their diversity across many geographic areas. A portion of the Company’s trade accounts receivable outside the United States, however, include sales to government-owned or supported healthcare systems in several countries which are subject to payment delays. Payment is dependent upon the financial stability and creditworthiness of those countries’ economies.

In the ordinary course of business, the Company grants non-interest bearing trade credit to its customers on normal credit terms. In an effort to reduce its credit risk, the Company (i) establishes credit limits for all of its customer relationships, (ii) performs ongoing credit evaluations of its customers’ financial condition, (iii) monitors the payment history and aging of its customers’ receivables, and (iv) monitors open orders against an individual customer’s outstanding receivable balance.

An allowance for doubtful accounts is maintained for accounts receivable based on the Company’s historical collection experience and expected collectability of the accounts receivable, considering the period an account is outstanding, the financial position of the customer and information provided by credit rating services. The adequacy of this allowance is reviewed each reporting period and adjusted as necessary.

In light of the disruptions in global economic markets, the Company instituted enhanced measures within countries where the Company has collectability concerns to facilitate customer-by-customer risk assessment when estimating the allowance for doubtful accounts. Such measures included, among others, monthly credit control committee meetings, at which customer credit risks are identified after review of, among other things, accounts that exceed specified credit limits, payment delinquencies and other customer problems. In addition, for some of the Company’s non-government customers, the Company instituted measures designed to reduce its risk exposures, including issuing dunning letters, reducing credit limits, requiring that payments accompany orders and instituting legal action with respect to delinquent accounts. With respect to government customers, the Company evaluates receivables for potential collection risks associated with the availability of government funding and reimbursement practices.

Some of the Company’s customers, particularly in Europe, have extended or delayed payments for products and services already provided. Collectability concerns regarding the Company’s accounts receivable from these customers, for the most part in Greece, Italy, Spain and Portugal, resulted in an increase in the allowance for doubtful accounts related to these countries. If the financial condition of these customers or the healthcare systems in these countries continue to deteriorate such that the ability of an increasing number of customers to make payments is uncertain, additional allowances may be required in future periods. The Company’s aggregate accounts receivable, net of the allowance for doubtful accounts, in Spain, Italy, Greece and Portugal and the percentage of the Company’s total accounts receivable, net of the allowance for doubtful accounts, represented by the net accounts receivable in those countries at June 30, 2013 and December 31, 2012 are as follows:

	June 30, 2013			December 31, 2012
	(Dollars in thousands)
Accounts receivable (net of allowances of $7.9 million and $6.3 million at June 30, 2013 and December 31, 2012, respectively) in Spain, Italy, Greece and Portugal	$	113,494		$	101,009
Percentage of total accounts receivable, net		36	%		34	%

For the six months ended June 30, 2013 and July 1, 2012, net revenues from customers in Spain, Italy, Greece and Portugal were $73.7 million and $72.8 million, respectively.

XML

Estimated Annual Amortization Expense (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013
2013	$ 25,200
2014	46,700
2015	44,400
2016	44,100
2017	$ 43,700

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Net income (loss)	$ 42,635	$ 42,899	$ 69,874	$ (240,609)
Other comprehensive loss, net of tax:
Foreign currency translation, net of tax of $4,461, $(13,397), $(1,353) and $(9,184) for the three and six month periods, respectively	(6,100)	(66,391)	(32,805)	(35,708)
Pension and other postretirement benefits plans adjustment, net of tax of $519, $697, $1,023 and $1,257 for the three and six month periods, respectively	866	1,358	1,956	2,336
Derivatives qualifying as hedges, net of tax of $(111), $1,057, $(7) and $2,465 for the three and six month periods, respectively	(192)	1,846	(12)	4,306
Other comprehensive loss, net of tax	(5,426)	(63,187)	(30,861)	(29,066)
Comprehensive income (loss)	37,209	(20,288)	39,013	(269,675)
Less: comprehensive income attributable to noncontrolling interest	2	44	244	349
Comprehensive income (loss) attributable to common shareholders	$ 37,207	$ (20,332)	$ 38,769	$ (270,024)

XML

Basis of presentation

6 Months Ended

Jun. 30, 2013

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 statement 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, 2012.

The Company revised its Condensed Consolidated Statement of Cash Flows in the second quarter ended June 30, 2013 to reflect contingent consideration payments related to businesses acquired as a financing cash outflow. Previously, these payments were reflected as an investing cash outflow since 2011. As a result, the company has revised the Condensed Consolidated Statement of Cash Flows for the six months ended July 1, 2012 to reflect $6.9 million of contingent consideration payments as financing activities as the payments were incorrectly reported as an investing activity in previous filings. Additionally, the Company identified $5.9 million during the twelve months ended December 31, 2011, $6.9 million during the six months ended July 1, 2012 and nine months ended September 30, 2012, $17.6 million during the twelve months ended December 31, 2012 and $7.2 million during the three months ended March 31, 2013 of contingent consideration payments related to businesses acquired that were also incorrectly reported as investing activities in the statement of cash flows. There was no impact to the prior year condensed consolidated balance sheet, statement of operations and comprehensive income or statement of changes in stockholders’ equity as a result of these adjustments. These adjustments were not considered material to any previously issued financial statements. Accordingly, the Company will revise these periods in future filings.

In addition, in the third quarter of 2012, due to changes in the Company’s management and internal reporting structure, the Company’s Latin America operations were moved from the Company’s Asia, Japan and Latin America (“AJLA”) Segment into the North America Segment. As a result of this change, the North America Segment is now referred to as the Americas Segment and the AJLA Segment is now referred to as the Asia Segment. The change did not affect the Company’s reporting unit structure. The prior comparative period has been restated to reflect this change. See Note 14 for a discussion of the Company’s segments.

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.

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Condensed consolidated guarantor financial information

6 Months Ended

Jun. 30, 2013

Condensed consolidated guarantor financial information

Note 15 — 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 directly or indirectly 100% owned by the Parent Company. The Company’s condensed consolidated statements of income (loss) and comprehensive income (loss) for the three and six months ended June 30, 2013 and July 1, 2012, condensed consolidated balance sheets as of June 30, 2013 and December 31, 2012 and condensed consolidated statements of cash flows for the six month periods ended June 30, 2013 and July 1, 2012, each of which are set forth below, provide consolidated 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 Note 1 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 are used by the Parent Company and each of its subsidiaries in connection with the condensed consolidated 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 consolidated 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 CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

	Three Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	248,012		$	239,147		$	(67,100	)	$	420,059
Cost of goods sold		—			143,732			136,322			(69,485	)		210,569
Gross profit		—			104,280			102,825			2,385			209,490
Selling, general and administrative expenses		14,899			59,336			42,418			(400	)		116,253
Research and development expenses		—			14,082			2,442			—			16,524
Restructuring and other impairment charges		—			1,511			11,451			—			12,962
Income (loss) from continuing operations before interest and taxes		(14,899	)		29,351			46,514			2,785			63,751
Interest expense		33,655			(21,017	)		1,787			—			14,425
Interest income		3			—			(160	)		—			(157	)
Income (loss) from continuing operations before taxes		(48,557	)		50,368			44,887			2,785			49,483
Taxes (benefit) on income (loss) from continuing operations		(17,287	)		13,729			9,515			125			6,082
Equity in net income of consolidated subsidiaries		74,433			31,599			—			(106,032	)		—
Income from continuing operations		43,163			68,238			35,372			(103,372	)		43,401
Operating loss from discontinued operations		(1,026	)		—			—			—			(1,026	)
Taxes (benefit) on loss from discontinued operations		(304	)		—			44			—			(260	)
Loss from discontinued operations		(722	)		—			(44	)		—			(766	)
Net income		42,441			68,238			35,328			(103,372	)		42,635
Less: Income from continuing operations attributable to noncontrolling interests		—			—			194			—			194
Net income attributable to common shareholders		42,441			68,238			35,134			(103,372	)		42,441
Other comprehensive loss attributable to common shareholders		(5,234	)		(1,224	)		(3,559	)		4,783			(5,234	)
Comprehensive income attributable to common shareholders	$	37,207		$	67,014		$	31,575		$	(98,589	)	$	37,207

	Three Months Ended July 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	235,051		$	204,785		$	(56,504	)	$	383,332
Cost of goods sold		—			137,054			118,186			(56,272	)		198,968
Gross profit		—			97,997			86,599			(232	)		184,364
Selling, general and administrative expenses		12,929			59,789			32,580			653			105,951
Research and development expenses		—			12,012			1,690			—			13,702
Restructuring and other impairment charges		—			280			41			—			321
Gain on sales of businesses and assets		(116,194	)		—			(332	)		116,194			(332	)
Income from continuing operations before interest and taxes		103,265			25,916			52,620			(117,079	)		64,722
Interest expense		36,626			(20,054	)		1,668			—			18,240
Interest income		(128	)		—			(378	)		—			(506	)
Income from continuing operations before taxes		66,767			45,970			51,330			(117,079	)		46,988
Taxes (benefit) on income from continuing operations		(17,209	)		16,829			723			(621	)		(278	)
Equity in net income of consolidated subsidiaries		(40,616	)		47,764			—			(7,148	)		—
Income from continuing operations		43,360			76,905			50,607			(123,606	)		47,266
Operating income (loss) from discontinued operations		(1,037	)		(9,265	)		2,253			—			(8,049	)
Taxes (benefit) on income (loss) from discontinued operations		(290	)		(3,521	)		129			—			(3,682	)
Income (loss) from discontinued operations		(747	)		(5,744	)		2,124			—			(4,367	)
Net income		42,613			71,161			52,731			(123,606	)		42,899
Less: Income from continuing operations attributable to noncontrolling interests		—			—			286			—			286
Net income attributable to common shareholders		42,613			71,161			52,445			(123,606	)		42,613
Other comprehensive loss attributable to common shareholders		(62,945	)		(76,659	)		(62,453	)		139,112			(62,945	)
Comprehensive loss attributable to common shareholders	$	(20,332	)	$	(5,498	)	$	(10,008	)	$	15,506		$	(20,332	)

	Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	502,868		$	469,952		$	(140,884	)	$	831,936
Cost of goods sold		—			296,436			267,895			(142,405	)		421,926
Gross profit		—			206,432			202,057			1,521			410,010
Selling, general and administrative expenses		31,827			126,492			85,090			(206	)		243,203
Research and development expenses		—			27,089			4,442			—			31,531
Restructuring and other impairment charges		—			9,278			12,843			—			22,121
Income (loss) from continuing operations before interest and taxes		(31,827	)		43,573			99,682			1,727			113,155
Interest expense		67,190			(42,144	)		3,572			—			28,618
Interest income		(3	)		—			(311	)		—			(314	)
Income (loss) from continuing operations before taxes		(99,014	)		85,717			96,421			1,727			84,851
Taxes (benefit) on income (loss) from continuing operations		(35,746	)		27,980			20,739			776			13,749
Equity in net income of consolidated subsidiaries		134,253			65,749			—			(200,002	)		—
Income from continuing operations		70,985			123,486			75,682			(199,051	)		71,102
Operating income (loss) from discontinued operations		(2,152	)		—			368			—			(1,784	)
Taxes (benefit) on income (loss) from discontinued operations		(646	)		—			90			—			(556	)
Income (loss) from discontinued operations		(1,506	)		—			278			—			(1,228	)
Net income		69,479			123,486			75,960			(199,051	)		69,874
Less: Income from continuing operations attributable to noncontrolling interests		—			—			395			—			395
Net income attributable to common shareholders		69,479			123,486			75,565			(199,051	)		69,479
Other comprehensive loss attributable to common shareholders		(30,710	)		(33,350	)		(27,372	)		60,722			(30,710	)
Comprehensive income attributable to common shareholders	$	38,769		$	90,136		$	48,193		$	(138,329	)	$	38,769

	Six Months Ended July 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	473,548		$	409,706		$	(119,355	)	$	763,899
Cost of goods sold		—			278,961			233,622			(117,162	)		395,421
Gross profit		—			194,587			176,084			(2,193	)		368,478
Selling, general and administrative expenses		28,569			121,377			67,831			310			218,087
Research and development expenses		—			21,919			3,336			—			25,255
Goodwill impairment		—			331,779			349			—			332,128
Restructuring and other impairment charges		—			(1,650	)		646			—			(1,004	)
Gain on sales of businesses and assets		(116,194	)		—			(332	)		116,194			(332	)
Income (loss) from continuing operations before interest and taxes		87,625			(278,838	)		104,254			(118,697	)		(205,656	)
Interest expense		73,101			(40,240	)		3,590			—			36,451
Interest income		(253	)		(8	)		(723	)		—			(984	)
Income (loss) from continuing operations before taxes		14,777			(238,590	)		101,387			(118,697	)		(241,123	)
Taxes (benefit) on income (loss) from continuing operations		(35,061	)		17,193			14,495			(903	)		(4,276	)
Equity in net income of consolidated subsidiaries		(290,814	)		78,760			—			212,054			—
Income (loss) from continuing operations		(240,976	)		(177,023	)		86,892			94,260			(236,847	)
Operating income (loss) from discontinued operations		(91	)		(9,429	)		2,400			—			(7,120	)
Taxes (benefit) on income (loss) from discontinued operations		55			(3,584	)		171			—			(3,358	)
Income (loss) from discontinued operations		(146	)		(5,845	)		2,229			—			(3,762	)
Net income (loss)		(241,122	)		(182,868	)		89,121			94,260			(240,609	)
Less: Income from continuing operations attributable to noncontrolling interests		—			—			513			—			513
Net income (loss) attributable to common shareholders		(241,122	)		(182,868	)		88,608			94,260			(241,122	)
Other comprehensive loss attributable to common shareholders		(28,902	)		(43,257	)		(34,766	)		78,023			(28,902	)
Comprehensive income (loss) attributable to common shareholders	$	(270,024	)	$	(226,125	)	$	53,842		$	172,283		$	(270,024	)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2013
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	28,093	$	—	$	253,325	$	—		$	281,418
Accounts receivable, net		1,325		845,867		540,488		(1,075,799	)		311,881
Inventories, net		—		213,247		149,733		(14,372	)		348,608
Prepaid expenses and other current assets		7,010		4,735		16,025		—			27,770
Prepaid taxes		15,872		—		17,251		—			33,123
Deferred tax assets		14,051		24,227		7,693		—			45,971
Assets held for sale		—		2,740		5,195		—			7,935
Total current assets		66,351		1,090,816		989,710		(1,090,171	)		1,056,706
Property, plant and equipment, net		7,347		185,529		118,588		—			311,464
Goodwill		—		710,786		529,806		—			1,240,592
Intangibles assets, net		—		758,520		294,325		—			1,052,845
Investments in affiliates		5,326,916		1,290,138		21,263		(6,636,427	)		1,890
Deferred tax assets		58,641		—		2,994		(61,549	)		86
Other assets		32,229		2,738,907		476,276		(3,186,858	)		60,554
Total assets	$	5,491,484	$	6,774,696	$	2,432,962	$	(10,975,005	)	$	3,724,137
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		81,392		957,737		116,534		(1,079,170	)		76,493
Accrued expenses		17,613		23,912		36,625		—			78,150
Current portion of contingent consideration		—		11,761		608		—			12,369
Payroll and benefit-related liabilities		26,876		7,356		26,883		—			61,115
Accrued interest		8,956		—		4		—			8,960
Income taxes payable		—		—		17,917		—			17,917
Other current liabilities		1,212		427		1,892		—			3,531
Total current liabilities		136,049		1,001,193		205,163		(1,079,170	)		263,235
Long-term borrowings		970,825		—		—		—			970,825
Deferred tax liabilities		—		418,108		56,987		(61,549	)		413,546
Pension and other postretirement benefit liabilities		99,994		37,598		18,831		—			156,423
Noncurrent liability for uncertain tax positions		14,496		25,728		26,928		—			67,152
Other liabilities		2,470,688		20,372		749,181		(3,188,812	)		51,429
Total liabilities		3,692,052		1,502,999		1,057,090		(4,329,531	)		1,922,610
Total common shareholders’ equity		1,799,432		5,271,697		1,373,777		(6,645,474	)		1,799,432
Noncontrolling interest		—		—		2,095		—			2,095
Total equity		1,799,432		5,271,697		1,375,872		(6,645,474	)		1,801,527
Total liabilities and equity	$	5,491,484	$	6,774,696	$	2,432,962	$	(10,975,005	)	$	3,724,137

	December 31, 2012
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	70,860	$	1,989	$	264,190	$	—		$	337,039
Accounts receivable, net		2,147		774,280		511,609		(990,060	)		297,976
Inventories, net		—		202,748		136,492		(15,893	)		323,347
Prepaid expenses and other current assets		7,769		5,294		15,649		—			28,712
Prepaid taxes		11,079		—		19,217		(3,136	)		27,160
Deferred tax assets		13,987		27,130		6,810		(1,045	)		46,882
Assets held for sale		—		2,738		5,225		—			7,963
Total current assets		105,842		1,014,179		959,192		(1,010,134	)		1,069,079
Property, plant and equipment, net		7,258		168,451		122,236		—			297,945
Goodwill		—		702,947		546,509		—			1,249,456
Intangibles assets, net		—		782,631		276,161		—			1,058,792
Investments in affiliates		5,226,567		1,281,201		21,379		(6,527,081	)		2,066
Deferred tax assets		59,644		—		3,197		(62,545	)		296
Other assets		33,937		2,707,264		720,184		(3,399,522	)		61,863
Total assets	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		80,495		873,754		114,140		(993,224	)		75,165
Accrued expenses		11,338		20,471		33,255		—			65,064
Current portion of contingent consideration		—		21,115		2,578		—			23,693
Payroll and benefit-related liabilities		24,633		19,799		30,154		—			74,586
Accrued interest		9,413		—		5		—			9,418
Income taxes payable		—		—		18,709		(3,136	)		15,573
Other current liabilities		598		1,131		5,522		(1,045	)		6,206
Total current liabilities		126,477		936,270		209,063		(997,405	)		274,405
Long-term borrowings		965,280		—		—		—			965,280
Deferred tax liabilities		—		427,146		54,664		(62,544	)		419,266
Pension and other postretirement benefit liabilities		114,257		37,269		19,420		—			170,946
Noncurrent liability for uncertain tax positions		13,131		28,440		26,721		—			68,292
Other liabilities		2,435,153		35,543		991,327		(3,402,252	)		59,771
Total liabilities		3,654,298		1,464,668		1,301,195		(4,462,201	)		1,957,960
Total common shareholders’ equity		1,778,950		5,192,005		1,345,076		(6,537,081	)		1,778,950
Noncontrolling interest		—		—		2,587		—			2,587
Total equity		1,778,950		5,192,005		1,347,663		(6,537,081	)		1,781,537
Total liabilities and equity	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(61,271	)	$	46,124		$	69,984		$	54,837
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(711	)		(28,617	)		(7,569	)		(36,897	)
Investments in affiliates		(50	)		—			—			(50	)
Payments for businesses and intangibles acquired, net of cash acquired		—			1,500			(38,454	)		(36,954	)
Net cash used in investing activities from continuing operations		(761	)		(27,117	)		(46,023	)		(73,901	)
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from stock compensation plans		5,298			—			—			5,298
Dividends		(27,944	)		—			—			(27,944	)
Payments for contingent consideration		—			(7,922	)		(1,565	)		(9,487	)
Payments to noncontrolling interest shareholders		—			—			(736	)		(736	)
Intercompany transactions		42,748			(13,074	)		(29,674	)		—
Net cash provided by (used in) financing activities from continuing operations		20,102			(20,996	)		(31,975	)		(32,869	)
Cash Flows from Discontinued Operations:
Net cash used in operating activities		(837	)		—			(600	)		(1,437	)
Net cash used in discontinued operations		(837	)		—			(600	)		(1,437	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(2,251	)		(2,251	)
Net decrease in cash and cash equivalents		(42,767	)		(1,989	)		(10,865	)		(55,621	)
Cash and cash equivalents at the beginning of the period		70,860			1,989			264,190			337,039
Cash and cash equivalents at the end of the period	$	28,093		$	—		$	253,325		$	281,418

	Six Months Ended July 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	$	(76,757	)	$	109,847		$	56,148		$	89,238
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(4,349	)		(15,700	)		(8,844	)		(28,893	)
Proceeds from sales of businesses and assets, net of cash sold		—			—			17,155			17,155
Payments for businesses and intangibles acquired, net of cash acquired		—			(52,404	)		(3,293	)		(55,697	)
Net cash (used in) provided by investing activities from continuing operations		(4,349	)		(68,104	)		5,018			(67,435	)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		—			(421	)		(286	)		(707	)
Proceeds from stock compensation plans		4,091			—			—			4,091
Payments for contingent consideration		—			(6,930	)		—			(6,930	)
Dividends		(27,756	)		—			—			(27,756	)
Intercompany transactions		43,376			(33,555	)		(9,821	)		—
Net cash provided by (used in) financing activities from continuing operations		19,711			(40,906	)		(10,107	)		(31,302	)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(9,475	)		1,284			—			(8,191	)
Net cash used in investing activities		—			(2,121	)		—			(2,121	)
Net cash used in discontinued operations		(9,475	)		(837	)		—			(10,312	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(19,286	)		(19,286	)
Net (decrease) increase in cash and cash equivalents		(70,870	)		—			31,773			(39,097	)
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	$	43,661		$	—		$	501,330		$	544,991

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Change in Accumulated Other Comprehensive Income (Loss), Net of tax (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, accumulated other comprehensive income (loss), net of tax	$ (132,048)	$ (159,353)
Other comprehensive income (loss) before reclassifications	(32,744)	(35,354)
Amounts reclassified from accumulated other comprehensive income (loss)	2,034	6,452
Net current-period other comprehensive income (loss)	(30,710)	(28,902)
Ending balance, accumulated other comprehensive income (loss), net of tax	(162,758)	(188,255)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, accumulated other comprehensive income (loss), net of tax	(381)	(7,257)
Other comprehensive income (loss) before reclassifications	362	157
Amounts reclassified from accumulated other comprehensive income (loss)	(374)	4,149
Net current-period other comprehensive income (loss)	(12)	4,306
Ending balance, accumulated other comprehensive income (loss), net of tax	(393)	(2,951)
Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, accumulated other comprehensive income (loss), net of tax	(127,257)	(134,548)
Other comprehensive income (loss) before reclassifications	(452)	33
Amounts reclassified from accumulated other comprehensive income (loss)	2,408	2,303
Net current-period other comprehensive income (loss)	1,956	2,336
Ending balance, accumulated other comprehensive income (loss), net of tax	(125,301)	(132,212)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, accumulated other comprehensive income (loss), net of tax	(4,410)	(17,548)
Other comprehensive income (loss) before reclassifications	(32,654)	(35,544)
Net current-period other comprehensive income (loss)	(32,654)	(35,544)
Ending balance, accumulated other comprehensive income (loss), net of tax	$ (37,064)	$ (53,092)

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Financial Instruments - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Dec. 31, 2011 Interest Rate Swap	Dec. 31, 2011 Interest Rate Swap Cash Flow Hedges	Jun. 30, 2013 Spain Italy Portugal And Greece	Jul. 01, 2012 Spain Italy Portugal And Greece
Derivatives, Fair Value [Line Items]
Amount in accumulated other comprehensive income, reclassified as expense	$ 400,000		$ 400,000
Interest rate swap, notional amount designated as a hedge						350,000,000
Interest rate swap, pre tax value					11,700,000
Net revenues to customers	$ 420,059,000	$ 383,332,000	$ 831,936,000	$ 763,899,000			$ 73,700,000	$ 72,800,000

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Fair value measurement

6 Months Ended

Jun. 30, 2013

Fair value measurement

Note 9 — Fair value measurement

For a description of the fair value hierarchy, see Note 11 to the Company’s 2012 consolidated financial statements included in its annual report on Form 10-K for the year ended December 31, 2012.

The following tables provide information regarding the financial assets and liabilities carried at fair value measured on a recurring basis as of June 30, 2013 and December 31, 2012:

	Total carrying value  at June 30, 2013		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	5,376	$	5,376	$	—	$	—
Derivative assets		466		—		466		—
Derivative liabilities		1,212		—		1,212		—
Contingent consideration liabilities		32,473		—		—		32,473

	Total carrying value  at December 31, 2012		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	4,785	$	4,785	$	—	$	—
Derivative assets		1,279		—		1,279		—
Derivative liabilities		598		—		598		—
Contingent consideration liabilities		51,196		—		—		51,196

There were no transfers of financial assets or liabilities carried at fair value among Level 1, Level 2 or Level 3 within the fair value hierarchy during the six months ended June 30, 2013.

The following table provides information regarding changes in Level 3 financial liabilities related to contingent consideration in connection with various Company acquisitions, including those described in Note 3, during the period ended June 30, 2013:

	Contingent consideration
	2013
	(Dollars in thousands)
Balance — January 1, 2013	$	51,196
Payment		(10,927	)
Revaluations		(7,757	)
Translation adjustment		(39	)
Balance — June 30, 2013	$	32,473

The Company reduced contingent consideration liabilities and selling, general and administrative expense by approximately $6.6 million and $8.1 million for the three and six month periods ended June 30, 2013, respectively, after determining that certain conditions for the payment of certain contingent consideration would not be satisfied.

The carrying amount of long-term debt reported in the condensed consolidated balance sheet as of June 30, 2013 is $970.8 million. The Company uses a discounted cash flow technique that incorporates a market interest yield curve with adjustments for duration, optionality, and risk profile to determine the fair value of its debt. The Company’s implied credit rating is a factor in determining the market interest yield curve. The following table provides the fair value of the Company’s debt by fair value hierarchy level as of June 30, 2013:

	Fair value of debt
	(Dollars in thousands)
Level 1	$	808,750
Level 2		378,855
Total	$	1,187,605

In the third quarter of 2013, the Company refinanced its $375 million term loan. See Note 17 for further discussion on the refinancing.

In the first quarter of 2012, the Company recorded a goodwill impairment charge of $332 million based on Level 3 inputs. See Note 5 for a discussion of the goodwill impairment.

Valuation Techniques

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 and financial liabilities valued based upon Level 2 inputs are comprised of foreign currency forward contracts. The Company uses forward rate contracts to manage currency transaction exposure. 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 Company has taken into account the creditworthiness of the counterparties in measuring fair value.

The Company’s financial liabilities valued based upon Level 3 inputs are comprised of contingent consideration arrangements pertaining to the Company’s acquisitions. The Company accounts for contingent consideration in accordance with applicable guidance related to business combinations. In connection with several of its acquisitions, the Company agreed to pay contingent consideration upon the achievement of specified objectives, including obtaining regulatory approvals, achieving sales targets and, in some instances, the passage of time (collectively, “milestone payments”), and therefore recorded contingent consideration liabilities at the time of the acquisitions. The Company is required to reevaluate the fair value of contingent consideration each reporting period based on new developments and record changes in fair value until such consideration is satisfied through payment upon the achievement of the specified objectives or is no longer payable due to failure to achieve the specified objectives.

It is estimated that milestone payments will occur in 2013 and may extend until 2018 or later. As of June 30, 2013, the range of undiscounted amounts the Company could be required to pay for contingent consideration arrangements is between $5.0 million and $84.9 million. The Company determines the fair value of the liabilities for the contingent consideration based on a probability-weighted discounted cash flow analysis. This fair value measurement is based on significant inputs not observable in the market and thus represents a Level 3 measurement within the fair value hierarchy. The fair value of the contingent consideration liability associated with future milestone payments was based on several factors including:

• estimated cash flows projected from the success of market launches;

• the estimated time and resources needed to complete the development of acquired technologies;

• the uncertainty of obtaining regulatory approvals within the required time periods; and

• the risk adjusted discount rate for fair value measurement.

The following table provides information regarding the valuation techniques and inputs used in determining the fair value of assets or liabilities categorized as Level 3 measurements:

	Valuation Technique	Unobservable Input	Range (Weighted Average)
Contingent consideration	Discounted cash flow	Discount rate		2%-10% (6%)
		Probability of payment		0%-100% (45%)

As of June 30, 2013, of the $32.5 million of total recorded liabilities for contingent consideration, the Company has recorded approximately $12.4 million in Current portion of contingent consideration and the remaining $20.1 million in Other liabilities.

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Impairment of Goodwill - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended	3 Months Ended
	Jul. 01, 2012	Jul. 01, 2012	Apr. 01, 2012 Vascular	Apr. 01, 2012 Anesthesia/Respiratory	Apr. 01, 2012 Cardiac
Goodwill [Line Items]
Impairment of goodwill	$ 332,000	$ 332,128	$ 220,000	$ 107,000	$ 5,000

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Condensed Consolidated Balance Sheets (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Jul. 01, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 281,418	$ 337,039	$ 544,991	$ 584,088
Accounts receivable, net	311,881	297,976
Inventories, net	348,608	323,347
Prepaid expenses and other current assets	27,770	28,712
Prepaid taxes	33,123	27,160
Deferred tax assets	45,971	46,882
Assets held for sale	7,935	7,963
Total current assets	1,056,706	1,069,079
Property, plant and equipment, net	311,464	297,945
Goodwill	1,240,592	1,249,456
Intangibles assets, net	1,052,845	1,058,792
Investments in affiliates	1,890	2,066
Deferred tax assets	86	296
Other assets	60,554	61,863
Total assets	3,724,137	3,739,497	3,606,822
Current liabilities
Current borrowings	4,700	4,700
Accounts payable	76,493	75,165
Accrued expenses	78,150	65,064
Current portion of contingent consideration	12,369	23,693
Payroll and benefit-related liabilities	61,115	74,586
Accrued interest	8,960	9,418
Income taxes payable	17,917	15,573
Other current liabilities	3,531	6,206
Total current liabilities	263,235	274,405
Long-term borrowings	970,825	965,280
Deferred tax liabilities	413,546	419,266
Pension and other postretirement benefit liabilities	156,423	170,946
Noncurrent liability for uncertain tax positions	67,152	68,292
Other liabilities	51,429	59,771
Total liabilities	1,922,610	1,957,960
Total common shareholders' equity	1,799,432	1,778,950
Noncontrolling interest	2,095	2,587
Total equity	1,801,527	1,781,537	1,692,014	1,982,783
Total liabilities and equity	3,724,137	3,739,497
Parent Company
Current assets
Cash and cash equivalents	28,093	70,860	43,661	114,531
Accounts receivable, net	1,325	2,147
Prepaid expenses and other current assets	7,010	7,769
Prepaid taxes	15,872	11,079
Deferred tax assets	14,051	13,987
Total current assets	66,351	105,842
Property, plant and equipment, net	7,347	7,258
Investments in affiliates	5,326,916	5,226,567
Deferred tax assets	58,641	59,644
Other assets	32,229	33,937
Total assets	5,491,484	5,433,248
Current liabilities
Accounts payable	81,392	80,495
Accrued expenses	17,613	11,338
Payroll and benefit-related liabilities	26,876	24,633
Accrued interest	8,956	9,413
Other current liabilities	1,212	598
Total current liabilities	136,049	126,477
Long-term borrowings	970,825	965,280
Pension and other postretirement benefit liabilities	99,994	114,257
Noncurrent liability for uncertain tax positions	14,496	13,131
Other liabilities	2,470,688	2,435,153
Total liabilities	3,692,052	3,654,298
Total common shareholders' equity	1,799,432	1,778,950
Total equity	1,799,432	1,778,950
Total liabilities and equity	5,491,484	5,433,248
Guarantor Subsidiaries
Current assets
Cash and cash equivalents		1,989
Accounts receivable, net	845,867	774,280
Inventories, net	213,247	202,748
Prepaid expenses and other current assets	4,735	5,294
Deferred tax assets	24,227	27,130
Assets held for sale	2,740	2,738
Total current assets	1,090,816	1,014,179
Property, plant and equipment, net	185,529	168,451
Goodwill	710,786	702,947
Intangibles assets, net	758,520	782,631
Investments in affiliates	1,290,138	1,281,201
Other assets	2,738,907	2,707,264
Total assets	6,774,696	6,656,673
Current liabilities
Accounts payable	957,737	873,754
Accrued expenses	23,912	20,471
Current portion of contingent consideration	11,761	21,115
Payroll and benefit-related liabilities	7,356	19,799
Other current liabilities	427	1,131
Total current liabilities	1,001,193	936,270
Deferred tax liabilities	418,108	427,146
Pension and other postretirement benefit liabilities	37,598	37,269
Noncurrent liability for uncertain tax positions	25,728	28,440
Other liabilities	20,372	35,543
Total liabilities	1,502,999	1,464,668
Total common shareholders' equity	5,271,697	5,192,005
Total equity	5,271,697	5,192,005
Total liabilities and equity	6,774,696	6,656,673
Non-Guarantor Subsidiaries
Current assets
Cash and cash equivalents	253,325	264,190	501,330	469,557
Accounts receivable, net	540,488	511,609
Inventories, net	149,733	136,492
Prepaid expenses and other current assets	16,025	15,649
Prepaid taxes	17,251	19,217
Deferred tax assets	7,693	6,810
Assets held for sale	5,195	5,225
Total current assets	989,710	959,192
Property, plant and equipment, net	118,588	122,236
Goodwill	529,806	546,509
Intangibles assets, net	294,325	276,161
Investments in affiliates	21,263	21,379
Deferred tax assets	2,994	3,197
Other assets	476,276	720,184
Total assets	2,432,962	2,648,858
Current liabilities
Current borrowings	4,700	4,700
Accounts payable	116,534	114,140
Accrued expenses	36,625	33,255
Current portion of contingent consideration	608	2,578
Payroll and benefit-related liabilities	26,883	30,154
Accrued interest	4	5
Income taxes payable	17,917	18,709
Other current liabilities	1,892	5,522
Total current liabilities	205,163	209,063
Deferred tax liabilities	56,987	54,664
Pension and other postretirement benefit liabilities	18,831	19,420
Noncurrent liability for uncertain tax positions	26,928	26,721
Other liabilities	749,181	991,327
Total liabilities	1,057,090	1,301,195
Total common shareholders' equity	1,373,777	1,345,076
Noncontrolling interest	2,095	2,587
Total equity	1,375,872	1,347,663
Total liabilities and equity	2,432,962	2,648,858
Eliminations
Current assets
Accounts receivable, net	(1,075,799)	(990,060)
Inventories, net	(14,372)	(15,893)
Prepaid taxes		(3,136)
Deferred tax assets		(1,045)
Total current assets	(1,090,171)	(1,010,134)
Investments in affiliates	(6,636,427)	(6,527,081)
Deferred tax assets	(61,549)	(62,545)
Other assets	(3,186,858)	(3,399,522)
Total assets	(10,975,005)	(10,999,282)
Current liabilities
Accounts payable	(1,079,170)	(993,224)
Income taxes payable		(3,136)
Other current liabilities		(1,045)
Total current liabilities	(1,079,170)	(997,405)
Deferred tax liabilities	(61,549)	(62,544)
Other liabilities	(3,188,812)	(3,402,252)
Total liabilities	(4,329,531)	(4,462,201)
Total common shareholders' equity	(6,645,474)	(6,537,081)
Total equity	(6,645,474)	(6,537,081)
Total liabilities and equity	$ (10,975,005)	$ (10,999,282)

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Aggregate Accounts Receivable, Net of Allowance for Doubtful Accounts (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Unusual Risk or Uncertainty [Line Items]
Accounts receivable, net	$ 311,881	$ 297,976
Spain Italy Portugal And Greece
Unusual Risk or Uncertainty [Line Items]
Accounts receivable, net	$ 113,494	$ 101,009
Percentage of total accounts receivable, net	36.00%	34.00%

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Condensed consolidated guarantor financial information (Tables)

6 Months Ended

Jun. 30, 2013

Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

	Three Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	248,012		$	239,147		$	(67,100	)	$	420,059
Cost of goods sold		—			143,732			136,322			(69,485	)		210,569
Gross profit		—			104,280			102,825			2,385			209,490
Selling, general and administrative expenses		14,899			59,336			42,418			(400	)		116,253
Research and development expenses		—			14,082			2,442			—			16,524
Restructuring and other impairment charges		—			1,511			11,451			—			12,962
Income (loss) from continuing operations before interest and taxes		(14,899	)		29,351			46,514			2,785			63,751
Interest expense		33,655			(21,017	)		1,787			—			14,425
Interest income		3			—			(160	)		—			(157	)
Income (loss) from continuing operations before taxes		(48,557	)		50,368			44,887			2,785			49,483
Taxes (benefit) on income (loss) from continuing operations		(17,287	)		13,729			9,515			125			6,082
Equity in net income of consolidated subsidiaries		74,433			31,599			—			(106,032	)		—
Income from continuing operations		43,163			68,238			35,372			(103,372	)		43,401
Operating loss from discontinued operations		(1,026	)		—			—			—			(1,026	)
Taxes (benefit) on loss from discontinued operations		(304	)		—			44			—			(260	)
Loss from discontinued operations		(722	)		—			(44	)		—			(766	)
Net income		42,441			68,238			35,328			(103,372	)		42,635
Less: Income from continuing operations attributable to noncontrolling interests		—			—			194			—			194
Net income attributable to common shareholders		42,441			68,238			35,134			(103,372	)		42,441
Other comprehensive loss attributable to common shareholders		(5,234	)		(1,224	)		(3,559	)		4,783			(5,234	)
Comprehensive income attributable to common shareholders	$	37,207		$	67,014		$	31,575		$	(98,589	)	$	37,207

	Three Months Ended July 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	235,051		$	204,785		$	(56,504	)	$	383,332
Cost of goods sold		—			137,054			118,186			(56,272	)		198,968
Gross profit		—			97,997			86,599			(232	)		184,364
Selling, general and administrative expenses		12,929			59,789			32,580			653			105,951
Research and development expenses		—			12,012			1,690			—			13,702
Restructuring and other impairment charges		—			280			41			—			321
Gain on sales of businesses and assets		(116,194	)		—			(332	)		116,194			(332	)
Income from continuing operations before interest and taxes		103,265			25,916			52,620			(117,079	)		64,722
Interest expense		36,626			(20,054	)		1,668			—			18,240
Interest income		(128	)		—			(378	)		—			(506	)
Income from continuing operations before taxes		66,767			45,970			51,330			(117,079	)		46,988
Taxes (benefit) on income from continuing operations		(17,209	)		16,829			723			(621	)		(278	)
Equity in net income of consolidated subsidiaries		(40,616	)		47,764			—			(7,148	)		—
Income from continuing operations		43,360			76,905			50,607			(123,606	)		47,266
Operating income (loss) from discontinued operations		(1,037	)		(9,265	)		2,253			—			(8,049	)
Taxes (benefit) on income (loss) from discontinued operations		(290	)		(3,521	)		129			—			(3,682	)
Income (loss) from discontinued operations		(747	)		(5,744	)		2,124			—			(4,367	)
Net income		42,613			71,161			52,731			(123,606	)		42,899
Less: Income from continuing operations attributable to noncontrolling interests		—			—			286			—			286
Net income attributable to common shareholders		42,613			71,161			52,445			(123,606	)		42,613
Other comprehensive loss attributable to common shareholders		(62,945	)		(76,659	)		(62,453	)		139,112			(62,945	)
Comprehensive loss attributable to common shareholders	$	(20,332	)	$	(5,498	)	$	(10,008	)	$	15,506		$	(20,332	)

	Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	502,868		$	469,952		$	(140,884	)	$	831,936
Cost of goods sold		—			296,436			267,895			(142,405	)		421,926
Gross profit		—			206,432			202,057			1,521			410,010
Selling, general and administrative expenses		31,827			126,492			85,090			(206	)		243,203
Research and development expenses		—			27,089			4,442			—			31,531
Restructuring and other impairment charges		—			9,278			12,843			—			22,121
Income (loss) from continuing operations before interest and taxes		(31,827	)		43,573			99,682			1,727			113,155
Interest expense		67,190			(42,144	)		3,572			—			28,618
Interest income		(3	)		—			(311	)		—			(314	)
Income (loss) from continuing operations before taxes		(99,014	)		85,717			96,421			1,727			84,851
Taxes (benefit) on income (loss) from continuing operations		(35,746	)		27,980			20,739			776			13,749
Equity in net income of consolidated subsidiaries		134,253			65,749			—			(200,002	)		—
Income from continuing operations		70,985			123,486			75,682			(199,051	)		71,102
Operating income (loss) from discontinued operations		(2,152	)		—			368			—			(1,784	)
Taxes (benefit) on income (loss) from discontinued operations		(646	)		—			90			—			(556	)
Income (loss) from discontinued operations		(1,506	)		—			278			—			(1,228	)
Net income		69,479			123,486			75,960			(199,051	)		69,874
Less: Income from continuing operations attributable to noncontrolling interests		—			—			395			—			395
Net income attributable to common shareholders		69,479			123,486			75,565			(199,051	)		69,479
Other comprehensive loss attributable to common shareholders		(30,710	)		(33,350	)		(27,372	)		60,722			(30,710	)
Comprehensive income attributable to common shareholders	$	38,769		$	90,136		$	48,193		$	(138,329	)	$	38,769

	Six Months Ended July 1, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	473,548		$	409,706		$	(119,355	)	$	763,899
Cost of goods sold		—			278,961			233,622			(117,162	)		395,421
Gross profit		—			194,587			176,084			(2,193	)		368,478
Selling, general and administrative expenses		28,569			121,377			67,831			310			218,087
Research and development expenses		—			21,919			3,336			—			25,255
Goodwill impairment		—			331,779			349			—			332,128
Restructuring and other impairment charges		—			(1,650	)		646			—			(1,004	)
Gain on sales of businesses and assets		(116,194	)		—			(332	)		116,194			(332	)
Income (loss) from continuing operations before interest and taxes		87,625			(278,838	)		104,254			(118,697	)		(205,656	)
Interest expense		73,101			(40,240	)		3,590			—			36,451
Interest income		(253	)		(8	)		(723	)		—			(984	)
Income (loss) from continuing operations before taxes		14,777			(238,590	)		101,387			(118,697	)		(241,123	)
Taxes (benefit) on income (loss) from continuing operations		(35,061	)		17,193			14,495			(903	)		(4,276	)
Equity in net income of consolidated subsidiaries		(290,814	)		78,760			—			212,054			—
Income (loss) from continuing operations		(240,976	)		(177,023	)		86,892			94,260			(236,847	)
Operating income (loss) from discontinued operations		(91	)		(9,429	)		2,400			—			(7,120	)
Taxes (benefit) on income (loss) from discontinued operations		55			(3,584	)		171			—			(3,358	)
Income (loss) from discontinued operations		(146	)		(5,845	)		2,229			—			(3,762	)
Net income (loss)		(241,122	)		(182,868	)		89,121			94,260			(240,609	)
Less: Income from continuing operations attributable to noncontrolling interests		—			—			513			—			513
Net income (loss) attributable to common shareholders		(241,122	)		(182,868	)		88,608			94,260			(241,122	)
Other comprehensive loss attributable to common shareholders		(28,902	)		(43,257	)		(34,766	)		78,023			(28,902	)
Comprehensive income (loss) attributable to common shareholders	$	(270,024	)	$	(226,125	)	$	53,842		$	172,283		$	(270,024	)

Condensed Consolidating Balance Sheets

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30, 2013
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	28,093	$	—	$	253,325	$	—		$	281,418
Accounts receivable, net		1,325		845,867		540,488		(1,075,799	)		311,881
Inventories, net		—		213,247		149,733		(14,372	)		348,608
Prepaid expenses and other current assets		7,010		4,735		16,025		—			27,770
Prepaid taxes		15,872		—		17,251		—			33,123
Deferred tax assets		14,051		24,227		7,693		—			45,971
Assets held for sale		—		2,740		5,195		—			7,935
Total current assets		66,351		1,090,816		989,710		(1,090,171	)		1,056,706
Property, plant and equipment, net		7,347		185,529		118,588		—			311,464
Goodwill		—		710,786		529,806		—			1,240,592
Intangibles assets, net		—		758,520		294,325		—			1,052,845
Investments in affiliates		5,326,916		1,290,138		21,263		(6,636,427	)		1,890
Deferred tax assets		58,641		—		2,994		(61,549	)		86
Other assets		32,229		2,738,907		476,276		(3,186,858	)		60,554
Total assets	$	5,491,484	$	6,774,696	$	2,432,962	$	(10,975,005	)	$	3,724,137
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		81,392		957,737		116,534		(1,079,170	)		76,493
Accrued expenses		17,613		23,912		36,625		—			78,150
Current portion of contingent consideration		—		11,761		608		—			12,369
Payroll and benefit-related liabilities		26,876		7,356		26,883		—			61,115
Accrued interest		8,956		—		4		—			8,960
Income taxes payable		—		—		17,917		—			17,917
Other current liabilities		1,212		427		1,892		—			3,531
Total current liabilities		136,049		1,001,193		205,163		(1,079,170	)		263,235
Long-term borrowings		970,825		—		—		—			970,825
Deferred tax liabilities		—		418,108		56,987		(61,549	)		413,546
Pension and other postretirement benefit liabilities		99,994		37,598		18,831		—			156,423
Noncurrent liability for uncertain tax positions		14,496		25,728		26,928		—			67,152
Other liabilities		2,470,688		20,372		749,181		(3,188,812	)		51,429
Total liabilities		3,692,052		1,502,999		1,057,090		(4,329,531	)		1,922,610
Total common shareholders’ equity		1,799,432		5,271,697		1,373,777		(6,645,474	)		1,799,432
Noncontrolling interest		—		—		2,095		—			2,095
Total equity		1,799,432		5,271,697		1,375,872		(6,645,474	)		1,801,527
Total liabilities and equity	$	5,491,484	$	6,774,696	$	2,432,962	$	(10,975,005	)	$	3,724,137

	December 31, 2012
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	70,860	$	1,989	$	264,190	$	—		$	337,039
Accounts receivable, net		2,147		774,280		511,609		(990,060	)		297,976
Inventories, net		—		202,748		136,492		(15,893	)		323,347
Prepaid expenses and other current assets		7,769		5,294		15,649		—			28,712
Prepaid taxes		11,079		—		19,217		(3,136	)		27,160
Deferred tax assets		13,987		27,130		6,810		(1,045	)		46,882
Assets held for sale		—		2,738		5,225		—			7,963
Total current assets		105,842		1,014,179		959,192		(1,010,134	)		1,069,079
Property, plant and equipment, net		7,258		168,451		122,236		—			297,945
Goodwill		—		702,947		546,509		—			1,249,456
Intangibles assets, net		—		782,631		276,161		—			1,058,792
Investments in affiliates		5,226,567		1,281,201		21,379		(6,527,081	)		2,066
Deferred tax assets		59,644		—		3,197		(62,545	)		296
Other assets		33,937		2,707,264		720,184		(3,399,522	)		61,863
Total assets	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		80,495		873,754		114,140		(993,224	)		75,165
Accrued expenses		11,338		20,471		33,255		—			65,064
Current portion of contingent consideration		—		21,115		2,578		—			23,693
Payroll and benefit-related liabilities		24,633		19,799		30,154		—			74,586
Accrued interest		9,413		—		5		—			9,418
Income taxes payable		—		—		18,709		(3,136	)		15,573
Other current liabilities		598		1,131		5,522		(1,045	)		6,206
Total current liabilities		126,477		936,270		209,063		(997,405	)		274,405
Long-term borrowings		965,280		—		—		—			965,280
Deferred tax liabilities		—		427,146		54,664		(62,544	)		419,266
Pension and other postretirement benefit liabilities		114,257		37,269		19,420		—			170,946
Noncurrent liability for uncertain tax positions		13,131		28,440		26,721		—			68,292
Other liabilities		2,435,153		35,543		991,327		(3,402,252	)		59,771
Total liabilities		3,654,298		1,464,668		1,301,195		(4,462,201	)		1,957,960
Total common shareholders’ equity		1,778,950		5,192,005		1,345,076		(6,537,081	)		1,778,950
Noncontrolling interest		—		—		2,587		—			2,587
Total equity		1,778,950		5,192,005		1,347,663		(6,537,081	)		1,781,537
Total liabilities and equity	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497

Condensed Consolidating Statements of Cash Flows

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Six Months Ended June 30, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(61,271	)	$	46,124		$	69,984		$	54,837
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(711	)		(28,617	)		(7,569	)		(36,897	)
Investments in affiliates		(50	)		—			—			(50	)
Payments for businesses and intangibles acquired, net of cash acquired		—			1,500			(38,454	)		(36,954	)
Net cash used in investing activities from continuing operations		(761	)		(27,117	)		(46,023	)		(73,901	)
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from stock compensation plans		5,298			—			—			5,298
Dividends		(27,944	)		—			—			(27,944	)
Payments for contingent consideration		—			(7,922	)		(1,565	)		(9,487	)
Payments to noncontrolling interest shareholders		—			—			(736	)		(736	)
Intercompany transactions		42,748			(13,074	)		(29,674	)		—
Net cash provided by (used in) financing activities from continuing operations		20,102			(20,996	)		(31,975	)		(32,869	)
Cash Flows from Discontinued Operations:
Net cash used in operating activities		(837	)		—			(600	)		(1,437	)
Net cash used in discontinued operations		(837	)		—			(600	)		(1,437	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(2,251	)		(2,251	)
Net decrease in cash and cash equivalents		(42,767	)		(1,989	)		(10,865	)		(55,621	)
Cash and cash equivalents at the beginning of the period		70,860			1,989			264,190			337,039
Cash and cash equivalents at the end of the period	$	28,093		$	—		$	253,325		$	281,418

	Six Months Ended July 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	$	(76,757	)	$	109,847		$	56,148		$	89,238
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(4,349	)		(15,700	)		(8,844	)		(28,893	)
Proceeds from sales of businesses and assets, net of cash sold		—			—			17,155			17,155
Payments for businesses and intangibles acquired, net of cash acquired		—			(52,404	)		(3,293	)		(55,697	)
Net cash (used in) provided by investing activities from continuing operations		(4,349	)		(68,104	)		5,018			(67,435	)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		—			(421	)		(286	)		(707	)
Proceeds from stock compensation plans		4,091			—			—			4,091
Payments for contingent consideration		—			(6,930	)		—			(6,930	)
Dividends		(27,756	)		—			—			(27,756	)
Intercompany transactions		43,376			(33,555	)		(9,821	)		—
Net cash provided by (used in) financing activities from continuing operations		19,711			(40,906	)		(10,107	)		(31,302	)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(9,475	)		1,284			—			(8,191	)
Net cash used in investing activities		—			(2,121	)		—			(2,121	)
Net cash used in discontinued operations		(9,475	)		(837	)		—			(10,312	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(19,286	)		(19,286	)
Net (decrease) increase in cash and cash equivalents		(70,870	)		—			31,773			(39,097	)
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	$	43,661		$	—		$	501,330		$	544,991

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New accounting standards (Policies)

6 Months Ended

Jun. 30, 2013

New Accounting Pronouncements, Policy

Amendment to Comprehensive Income: In February 2013, the Financial Accounting Standards Board (“FASB”) issued an amendment to its accounting guidance on reporting amounts reclassified out of accumulated other comprehensive income. The guidance requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items, on the face of the statement where net income is presented, or in the notes to the financial statements, if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income in the same reporting period For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about the effect of the reclassifications. The guidance is effective prospectively for reporting periods beginning after December 15, 2012. Refer to Note 10, “Shareholders Equity,” for new disclosures pertaining to the adoption of this amendment.

Amendment to Balance Sheet: In January 2013, the FASB issued an amendment to its accounting guidance to clarify the scope of disclosure requirements pertaining to offsetting assets and liabilities mandated by an earlier accounting pronouncement. The amended guidance limited the scope of the required disclosures to derivatives accounted for in accordance with the FASB’s Derivatives and Hedging guidance, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements and certain securities borrowing and securities lending transactions, that are offset in the financial statements in accordance with specified accounting guidance or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are no longer applicable to entities with other types of financial assets and financial liabilities subject to a master netting arrangement or similar agreement. The guidance is effective for reporting periods beginning on or after January 1, 2013. The amendment did not have a material impact on the Company’s results of operations, cash flows or financial position.

Amendment to Foreign Currency Matters: In March 2013, the FASB issued an amendment which clarified that when a reporting entity ceases to have a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity, the reporting entity is required to reclassify cumulative foreign currency translation adjustment from accumulated other comprehensive income into the calculation of gain or loss related to that foreign entity. Additionally, the amendment clarifies that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition), and that the cumulative translation adjustment should be released into net income upon the occurrence of those events. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The amendment is not expected to have a material impact on the Company’s results of operations, cash flows or financial position. 

Amendment to Income Taxes: In July 2013, the FASB issued an amendment which clarifies the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or tax credit carryforward exists. The amendment requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforwards, similar tax losses, or tax credit carryforwards. A gross presentation will be required only if such carryforwards are not available or would not be used by the entity to settle any additional income taxes resulting from a disallowance of the uncertain tax position. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The Company is assessing the new guidance, however, the Company does not expect the amendment to have a material impact on the Company’s results of operations, cash flows or financial position.

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Subsequent event

6 Months Ended

Jun. 30, 2013

Subsequent event

Note 17 — Subsequent event

On July 16, 2013, the Company replaced its $775 million senior credit facility comprised of a $375 million term loan and a $400 million revolving credit facility with a new $850 million senior credit facility consisting solely of a revolving credit facility. In connection with this transaction, the Company incurred transaction fees of $6.4 million, which will be recorded as a deferred asset and will be amortized over the term of the facility. Additionally, in the third quarter of 2013, in connection with the early repayment of its $375 million term loan, the Company will recognize expense of approximately $1.3 million of related unamortized debt issuance costs.

The new $850 million senior credit facility bears interest at an applicable rate elected by the Company equal to either the “base rate” (the greater of either the federal funds effective rate plus 0.5%, the prime rate or one month LIBOR plus 1.0%) plus an applicable margin of 0.25% to 1.00%, or a “LIBOR rate” for the period corresponding to the applicable interest period of the borrowings plus an applicable margin of 1.25% to 2.00%. As of the date of the transaction, the interest rate on the $850 million senior credit facility was 1.94% (comprised of a LIBOR rate of 0.19% plus a spread of 1.75%).

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Restructuring and Other Impairment Charges - Additional Information (Detail) (USD $)	6 Months Ended	3 Months Ended		6 Months Ended	12 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended	3 Months Ended	6 Months Ended		6 Months Ended		6 Months Ended	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended		12 Months Ended
	Jun. 30, 2013	Mar. 31, 2013 Axiom Technology Partners LLC	Jun. 30, 2013 2012 Restructuring Charges	Jun. 30, 2013 2012 Restructuring Charges	Dec. 31, 2012 2012 Restructuring Charges Facility	Jun. 30, 2013 2007 Arrow Integration Program	Jul. 01, 2012 2007 Arrow Integration Program	Jun. 30, 2013 2007 Arrow Integration Program	Jul. 01, 2012 2007 Arrow Integration Program	Dec. 31, 2012 2007 Arrow Integration Program	Jun. 30, 2013 LMA Restructuring Program	Jun. 30, 2013 LMA Restructuring Program	Dec. 31, 2012 LMA Restructuring Program	Jun. 30, 2013 LMA Restructuring Program Contract Termination Costs	Dec. 31, 2012 LMA Restructuring Program Contract Termination Costs	Jun. 30, 2013 LMA Restructuring Program Employee Termination Cost	Jun. 30, 2013 2013 Restructuring Program	Jun. 30, 2013 2013 Restructuring Program	Jun. 30, 2013 2013 Restructuring Program North America and Europe	Jun. 30, 2013 2013 Restructuring Program North America and Europe	Dec. 31, 2011 2011 Restructuring Program Facility	Jun. 30, 2013 2011 Restructuring Program	Dec. 31, 2011 2011 Restructuring Program Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges												$ 5,000,000		$ 4,000,000		$ 1,000,000							$ 2,700,000
Restructuring charges			1,600,000	3,100,000		55,000	56,000	135,000	(1,875,000)		3,941,000	6,596,000					7,350,000	7,830,000	7,400,000	7,800,000
Restructuring reserve			3,300,000	3,300,000		400,000		400,000			2,492,000	2,492,000	2,033,000	396,000	277,000				3,200,000	3,200,000		1,500,000
Number of facilities under restructuring program					3																3
Contract termination costs									2,023,000	2,000,000	(2,839,000)	(3,281,000)
In-process research and development impairment	$ 4,494,000	$ 4,500,000

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Changes in shareholders' equity (Tables)

6 Months Ended

Jun. 30, 2013

Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding

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

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Shares in thousands)
Basic		41,115		40,834		41,064		40,801
Dilutive effect of share based awards		374		221		384		—
Dilutive effect of 3.875% Convertible Notes and warrants		1,940		21		1,790		—
Diluted		43,429		41,076		43,238		40,801

Change in Accumulated Other Comprehensive Income (Loss)

The following tables provide information relating to the changes in accumulated other comprehensive income (loss), net of tax, for the six months ended June 30, 2013 and July 1, 2012:

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2012	$	(381	)	$	(127,257	)	$	(4,410	)	$	(132,048	)
Other comprehensive income (loss) before reclassifications		362			(452	)		(32,654	)		(32,744	)
Amounts reclassified from accumulated other comprehensive income (loss)		(374	)		2,408			—			2,034
Net current-period other comprehensive income (loss)		(12	)		1,956			(32,654	)		(30,710	)
Balance at June 30, 2013	$	(393	)	$	(125,301	)	$	(37,064	)	$	(162,758	)

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2011	$	(7,257	)	$	(134,548	)	$	(17,548	)	$	(159,353	)
Other comprehensive income (loss) before reclassifications		157			33			(35,544	)		(35,354	)
Amounts reclassified from accumulated other comprehensive income		4,149			2,303			—			6,452
Net current-period other comprehensive income		4,306			2,336			(35,544	)		(28,902	)
Balance at July 1, 2012	$	(2,951	)	$	(132,212	)	$	(53,092	)	$	(188,255	)

Reclassification of Gain/Losses into Income/Expense, Net of Tax

The following table provides information relating to the reclassifications of losses/(gain) in accumulated other comprehensive income into expense/(income), net of tax, for the three and six months ended June 30, 2013 and July 1, 2012:

	Three Months Ended						Six Months Ended
	June  30, 2013			July 1, 2012			June  30, 2013			July 1, 2012
	(Dollars in thousands)
Gains and losses on cash flow hedges:
Interest Rate Contracts:
Interest expense	$	—		$	3,643		$	—		$	7,394
Foreign Exchange Contracts:
Cost of goods sold		(194	)		130			(696	)		(767	)
Total before tax		(194	)		3,773			(696	)		6,627
Tax expense		95			(1,391	)		322			(2,478	)
Net of tax	$	(99	)	$	2,382		$	(374	)	$	4,149
Amortization of pension and other postretirement benefits items:
Actuarial losses/(gains)(1)	$	1,618		$	1,708		$	3,764		$	3,418
Prior-service costs(1)		(6	)		(6	)		(11	)		(12	)
Transition obligation(1)		1			23			2			49
Settlement charge(1)		—			111			—			111
Total before tax		1,613			1,836			3,755			3,566
Tax expense		(660	)		(651	)		(1,347	)		(1,263	)
Net of tax	$	953		$	1,185		$	2,408		$	2,303
Total reclassifications, net of tax	$	854		$	3,567		$	2,034		$	6,452

(1) These accumulated other comprehensive income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 12, “Pension and other postretirement benefits” for additional information).

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Basis of Presentation - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended		3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Mar. 31, 2013 Reclassifications	Jul. 01, 2012 Reclassifications	Sep. 30, 2012 Reclassifications	Dec. 31, 2012 Reclassifications	Dec. 31, 2011 Reclassifications
Organization and Summary of Significant Accounting Policies Disclosure [Line Items]
Contingent consideration payments	$ 9,487	$ 6,930	$ 7,200	$ 6,900	$ 6,900	$ 17,600	$ 5,900

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Inventories, net (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Inventory [Line Items]
Raw materials	$ 89,516	$ 84,636
Work-in-process	38,889	47,440
Finished goods	249,882	222,974
Inventories, gross	378,287	355,050
Less: Inventory reserve	(29,679)	(31,703)
Inventories, net	$ 348,608	$ 323,347

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Goodwill and other intangible assets, net (Tables)

6 Months Ended

Jun. 30, 2013

Changes in Carrying Amount of Goodwill, by Reporting Segment

The following table provides information relating to changes in the carrying amount of goodwill, by reportable segment, for the six months ended June 30, 2013:

	Americas Segment			EMEA Segment			Asia Segment			OEM Segment		Total
	(Dollars in thousands)
Balance as of December 31, 2012
Goodwill	$	1,086,707		$	353,282		$	141,595		$	—	$	1,581,584
Accumulated impairment losses		(332,128	)		—			—			—		(332,128	)
		754,579			353,282			141,595			—		1,249,456
Goodwill related to acquisitions		5,278			5,370			—			—		10,648
Purchase accounting adjustment		(1,733	)		—			—			—		(1,733	)
Translation adjustment		(1,052	)		(8,784	)		(7,943	)		—		(17,779	)
Balance as of June 30, 2013
Goodwill		1,089,200			349,868			133,652			—		1,572,720
Accumulated impairment losses		(332,128	)		—			—			—		(332,128	)
	$	757,072		$	349,868		$	133,652		$	—	$	1,240,592

Components of Intangible Assets

The following table provides information, as of June 30, 2013 and December 31, 2012, regarding the gross carrying amount of, and accumulated amortization relating to, intangible assets, net:

	Gross Carrying Amount				Accumulated Amortization
	June 30, 2013		December 31, 2012		June 30, 2013			December 31, 2012
	(Dollars in thousands)
Customer relationships	$	584,064	$	580,151	$	(154,456	)	$	(141,520	)
In-process research and development (“IPR&D”)		68,376		53,157		—			—
Intellectual property		277,155		276,458		(103,639	)		(95,967	)
Distribution rights		16,532		16,567		(14,093	)		(13,880	)
Trade names		381,367		384,131		(2,461	)		(305	)
	$	1,327,494	$	1,310,464	$	(274,649	)	$	(251,672	)

Estimated Annual Amortization Expense

Estimated annual amortization expense for the remainder of 2013 and the next four succeeding years is as follows (dollars in thousands):

2013	$	25,200
2014		46,700
2015		44,400
2016		44,100
2017		43,700

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Changes in Shareholder's Equity - Additional Information (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2007	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Shareholders Equity [Line Items]
Repurchase of outstanding common stock, authorized amount	$ 300
Convertible senior subordinated notes maturity year		2017		2017
Convertible senior subordinated notes interest rate		3.875%		3.875%
Average market price of common stock		$ 61.32		$ 61.32
Shares issuable upon exercise of warrants included in diluted shares		0.4		0.3
Number of shares under warrants exercised				7.8
Strike price of the warrants				$ 74.65
Weighted average antidilutive which were not included in the calculation of earnings per share		7.9	8.8	7.9	9.0

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Pension and Other Postretirement Benefits - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected employer contribution for year 2013		$ 17.5
Employer contribution to pension plan	$ 1.9	$ 13.6

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Valuation Technique and Inputs Used to Determine Fair Value of Assets Or Liabilities (Detail)	6 Months Ended
	Jun. 30, 2013
Discount Rate
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration, weighted average	6.00%
Discount Rate | Minimum
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration	2.00%
Discount Rate | Maximum
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration	10.00%
Probability of payment
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration, weighted average	45.00%
Probability of payment | Minimum
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration	0.00%
Probability of payment | Maximum
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration	100.00%

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Restructuring and Other Impairment Charges (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Restructuring Cost and Reserve [Line Items]
In-process research and development impairment			$ 4,494
Restructuring and other impairment charges	12,962	321	22,121	(1,004)
LMA Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	3,941		6,596
2013 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	7,350		7,830
2012 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,616	265	3,066	871
2007 Arrow Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 55	$ 56	$ 135	$ (1,875)

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Effective Income Tax Rate (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Income Taxes [Line Items]
Effective income tax rate	12.30%	(0.60%)	16.20%	1.80%

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Divestiture-related activities

6 Months Ended

Jun. 30, 2013

Divestiture-related activities

Note 16 — 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 statement of income (loss) line item Gain on sales of businesses and assets. During the second quarter of 2012, the Company sold a building, with a net book value of zero, that had been classified as an asset held for sale and realized a gain of approximately $0.3 million.

Discontinued Operations

The Company has recorded $1.0 million and $1.8 million of expense during the three and six month periods ended June 30, 2013, respectively, and $1.2 million and $0.2 million of expense during the three and six month periods ended July 1, 2012, respectively, associated with retained liabilities related to businesses that have been divested.

On August 26, 2012, the Company completed the sale of the orthopedic business of its OEM Segment to Tecomet Inc. for $45.2 million in cash and realized a loss of $39 thousand, net of tax, from the sale of the business.

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

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in thousands)
Net revenues	$	—		$	6,637		$	—		$	13,827
Costs and other expenses		1,026			7,250			1,784			13,511
Goodwill impairment(1)		—			9,700			—			9,700
Gain on disposition(2)		—			2,264			—			2,264
Loss from discontinued operations before income taxes		(1,026	)		(8,049	)		(1,784	)		(7,120	)
Provision for income taxes		(260	)		(3,682	)		(556	)		(3,358	)
Loss from discontinued operations		(766	)		(4,367	)		(1,228	)		(3,762	)
Less: Income from discontinued operations attributable to noncontrolling interest		—			—			—			—
Loss from discontinued operations attributable to common shareholders	$	(766	)	$	(4,367	)	$	(1,228	)	$	(3,762	)

(1) During the second quarter of 2012, the Company recognized a non-cash goodwill impairment charge of $9.7 million to adjust the carrying value of the orthopedic business to its estimated fair value.

(2) The $2.3 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current assets
Cash and cash equivalents	$ 281,418	$ 337,039
Accounts receivable, net	311,881	297,976
Inventories, net	348,608	323,347
Prepaid expenses and other current assets	27,770	28,712
Prepaid taxes	33,123	27,160
Deferred tax assets	45,971	46,882
Assets held for sale	7,935	7,963
Total current assets	1,056,706	1,069,079
Property, plant and equipment, net	311,464	297,945
Goodwill	1,240,592	1,249,456
Intangible assets, net	1,052,845	1,058,792
Investments in affiliates	1,890	2,066
Deferred tax assets	86	296
Other assets	60,554	61,863
Total assets	3,724,137	3,739,497
Current liabilities
Current borrowings	4,700	4,700
Accounts payable	76,493	75,165
Accrued expenses	78,150	65,064
Current portion of contingent consideration	12,369	23,693
Payroll and benefit-related liabilities	61,115	74,586
Accrued interest	8,960	9,418
Income taxes payable	17,917	15,573
Other current liabilities	3,531	6,206
Total current liabilities	263,235	274,405
Long-term borrowings	970,825	965,280
Deferred tax liabilities	413,546	419,266
Pension and postretirement benefit liabilities	156,423	170,946
Noncurrent liability for uncertain tax positions	67,152	68,292
Other liabilities	51,429	59,771
Total liabilities	1,922,610	1,957,960
Commitments and contingencies
Total common shareholders' equity	1,799,432	1,778,950
Noncontrolling interest	2,095	2,587
Total equity	1,801,527	1,781,537
Total liabilities and equity	$ 3,724,137	$ 3,739,497

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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $) In Thousands	Total	Common Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock	Noncontrolling Interest
Beginning Balance at Dec. 31, 2011	$ 1,982,783	$ 42,923	$ 380,965	$ 1,847,106	$ (159,353)	$ (131,053)	$ 2,195
Beginning Balance (in shares) at Dec. 31, 2011		42,923				2,183
Net income (loss)	(240,609)			(241,122)			513
Cash dividends ($0.68 per share)	(27,756)			(27,756)
Other comprehensive income (loss)	(29,066)				(28,902)		(164)
Shares issued under compensation plans	6,556	81	4,091			2,384
Shares issued under compensation plans, shares		81				(39)
Deferred compensation	106		(10)			116
Deferred compensation, shares						(4)
Ending Balance at Jul. 01, 2012	1,692,014	43,004	385,046	1,578,228	(188,255)	(128,553)	2,544
Ending Balance (in shares) at Jul. 01, 2012		43,004				2,140
Beginning Balance at Dec. 31, 2012	1,781,537	43,102	394,384	1,601,460	(132,048)	(127,948)	2,587
Beginning Balance (in shares) at Dec. 31, 2012		43,102				2,130
Net income (loss)	69,874			69,479			395
Cash dividends ($0.68 per share)	(27,944)			(27,944)
Other comprehensive income (loss)	(30,861)				(30,710)		(151)
Distributions to noncontrolling interest shareholders	(736)						(736)
Shares issued under compensation plans	9,611	97	7,007			2,507
Shares issued under compensation plans, shares		97				(51)
Deferred compensation	46		(9)			55
Deferred compensation, shares						(1)
Ending Balance at Jun. 30, 2013	$ 1,801,527	$ 43,199	$ 401,382	$ 1,642,996	$ (162,758)	$ (125,386)	$ 2,095
Ending Balance (in shares) at Jun. 30, 2013		43,199				2,078

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New accounting standards

6 Months Ended

Jun. 30, 2013

New accounting standards

Note 2 — New accounting standards

The Company adopted the following new accounting standard as of January 1, 2013, the first day of its 2013 fiscal year:

Amendment to Comprehensive Income: In February 2013, the Financial Accounting Standards Board (“FASB”) issued an amendment to its accounting guidance on reporting amounts reclassified out of accumulated other comprehensive income. The guidance requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items, on the face of the statement where net income is presented, or in the notes to the financial statements, if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income in the same reporting period For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about the effect of the reclassifications. The guidance is effective prospectively for reporting periods beginning after December 15, 2012. Refer to Note 10, “Shareholders Equity,” for new disclosures pertaining to the adoption of this amendment.

Amendment to Balance Sheet: In January 2013, the FASB issued an amendment to its accounting guidance to clarify the scope of disclosure requirements pertaining to offsetting assets and liabilities mandated by an earlier accounting pronouncement. The amended guidance limited the scope of the required disclosures to derivatives accounted for in accordance with the FASB’s Derivatives and Hedging guidance, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements and certain securities borrowing and securities lending transactions, that are offset in the financial statements in accordance with specified accounting guidance or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are no longer applicable to entities with other types of financial assets and financial liabilities subject to a master netting arrangement or similar agreement. The guidance is effective for reporting periods beginning on or after January 1, 2013. The amendment did not have a material impact on the Company’s results of operations, cash flows or financial position.

The Company will adopt the following new accounting standard as of January 1, 2014, the first day of its 2014 fiscal year:

Amendment to Foreign Currency Matters: In March 2013, the FASB issued an amendment which clarified that when a reporting entity ceases to have a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity, the reporting entity is required to reclassify cumulative foreign currency translation adjustment from accumulated other comprehensive income into the calculation of gain or loss related to that foreign entity. Additionally, the amendment clarifies that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition), and that the cumulative translation adjustment should be released into net income upon the occurrence of those events. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The amendment is not expected to have a material impact on the Company’s results of operations, cash flows or financial position. 

Amendment to Income Taxes: In July 2013, the FASB issued an amendment which clarifies the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or tax credit carryforward exists. The amendment requires an entity to net its unrecognized tax benefits against the deferred tax assets for all same jurisdiction net operating loss carryforwards, similar tax losses, or tax credit carryforwards. A gross presentation will be required only if such carryforwards are not available or would not be used by the entity to settle any additional income taxes resulting from a disallowance of the uncertain tax position. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The Company is assessing the new guidance, however, the Company does not expect the amendment to have a material impact on the Company’s results of operations, cash flows or financial position.

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Commitments and Contingent Liabilities - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013 Y
Loss Contingencies [Line Items]
Accrued liabilities related to warranties	$ 0.4
Minimum
Loss Contingencies [Line Items]
Time-frame over which the accrued amounts may be paid out, in years	15
Maximum
Loss Contingencies [Line Items]
Time-frame over which the accrued amounts may be paid out, in years	20
Accrued Liabilities
Loss Contingencies [Line Items]
Waste disposed accrued liability	2.2
Other Liabilities
Loss Contingencies [Line Items]
Waste disposed accrued liability	$ 6.7

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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Dividends per common share	$ 0.34	$ 0.34	$ 0.68	$ 0.68

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Acquisitions - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Business Acquisition [Line Items]
Aggregate segment operating loss	$ 63,751,000	$ 64,722,000	$ 113,155,000	$ (205,656,000)
2012 Acquisitions
Business Acquisition [Line Items]
Fair value of the consideration at the date of acquisition	422,200,000		422,200,000
Initial payment of Fair value			367,900,000
Estimated fair value of the consideration to be paid to former security holders	55,800,000		55,800,000
Working capital adjustment related to acquisition	1,500,000		1,500,000
Contingent consideration arrangement, low	2,000,000		2,000,000
Contingent consideration arrangement, high	90,000,000		90,000,000
2013 Acquisitions
Business Acquisition [Line Items]
Fair value of the consideration at the date of acquisition	38,500,000		38,500,000
Transaction expenses	400,000		500,000
Aggregate segment operating loss	2,900,000		2,900,000
Liability related to post-closing obligations	$ 2,800,000		$ 2,800,000
2013 Acquisitions | Intellectual property
Business Acquisition [Line Items]
Useful life of intangible assets acquired, years			10 years
2013 Acquisitions | Customer Lists
Business Acquisition [Line Items]
Useful life of intangible assets acquired, years			15 years
Minimum | 2013 Acquisitions | Trade Names
Business Acquisition [Line Items]
Useful life of intangible assets acquired, years			1 year
Maximum | 2013 Acquisitions | Trade Names
Business Acquisition [Line Items]
Useful life of intangible assets acquired, years			10 years

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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2013

Purchase Price Allocation Among Assets Acquired and Liabilities Assumed in Acquisition

The following table presents the purchase price allocation among the assets acquired and liabilities assumed in the acquisitions that occurred during the second quarter of 2013:

	(Dollars in millions)
Assets
Current assets	$	2.2
Property, plant and equipment		0.5
Intangible assets:
Intellectual property		2.1
Tradenames		1.1
In-process research and development		19.7
Customer lists		8.3
Goodwill		10.6
Total assets acquired		44.5
Less:
Current liabilities		1.1
Deferred tax liabilities		4.9
Liabilities assumed		6.0
Net assets acquired	$	38.5

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Financial instruments (Tables)

6 Months Ended

Jun. 30, 2013

Fair Values of Derivative Instruments Designated as Hedging Instruments

The following table presents the location and fair values of derivative instruments designated as hedging instruments in the condensed consolidated balance sheet as of June 30, 2013 and December 31, 2012:

	June 30, 2013 Fair Value		December 31, 2012 Fair Value
	(Dollars in thousands)
Asset derivatives:
Foreign exchange contracts:
Prepaid expenses and other current assets	$	466	$	1,279
Total asset derivatives	$	466	$	1,279
Liability derivatives:
Foreign exchange contracts:
Other current liabilities	$	1,212	$	598
Total liability derivatives	$	1,212	$	598

After Tax Gain/(Loss) Recognized In OCI

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”) for the three and six months ended June 30, 2013 and July 1, 2012:

	After Tax Gain/(Loss) Recognized in OCI
	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in thousands)
Interest rate swap	$	—		$	2,317		$	—		$	4,703
Foreign exchange contracts		(192	)		(471	)		(12	)		(397	)
Total	$	(192	)	$	1,846		$	(12	)	$	4,306

Aggregate Accounts Receivable, Net of Allowance for Doubtful Accounts

The Company’s aggregate accounts receivable, net of the allowance for doubtful accounts, in Spain, Italy, Greece and Portugal and the percentage of the Company’s total accounts receivable, net of the allowance for doubtful accounts, represented by the net accounts receivable in those countries at June 30, 2013 and December 31, 2012 are as follows:

	June 30, 2013			December 31, 2012
	(Dollars in thousands)
Accounts receivable (net of allowances of $7.9 million and $6.3 million at June 30, 2013 and December 31, 2012, respectively) in Spain, Italy, Greece and Portugal	$	113,494		$	101,009
Percentage of total accounts receivable, net		36	%		34	%

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Net Benefit Cost of Pension and Postretirement Benefit Plans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 464	$ 711	$ 929	$ 1,389
Interest cost	4,142	4,125	8,281	8,251
Expected return on Plan assets	(5,774)	(5,042)	(11,544)	(10,085)
Net amortization and deferral	1,414	1,604	2,824	3,210
Settlement charge		(124)		(124)
Curtailment charge		111		111
Net benefit cost	246	1,385	490	2,752
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	161	158	325	316
Interest cost	542	473	1,541	946
Net amortization and deferral	202	122	932	245
Net benefit cost	$ 905	$ 753	$ 2,798	$ 1,507

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Business segment information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Results

The following tables present the Company’s segment results for the three and six months ended June 30, 2013 and July 1, 2012:

	Three Months Ended June 30, 2013
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	199,698		$	137,842	$	50,409	$	32,110	$	420,059
Segment depreciation and amortization		16,690			6,597		1,187		1,145		25,619
Segment operating profit(1)		33,599			18,576		16,804		7,734		76,713
Segment expenditures for property, plant and equipment		16,408			3,270		139		1,127		20,944
Restructuring and other impairment charges		4,314			7,913		147		588		12,962
Intersegment revenues		29,723			38,064		10,864		132
	Three Months Ended July 1, 2012
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	176,800		$	126,898	$	43,654	$	35,980	$	383,332
Segment depreciation and amortization		15,546			5,349		826		1,057		22,778
Segment operating profit(1)		24,126			19,634		12,650		8,301		64,711
Segment expenditures for property, plant and equipment		8,525			3,677		55		3,292		15,549
Restructuring and other impairment charges		280			41		—		—		321
Intersegment revenues		35,876			17,532		—		150
	Six Months Ended June 30, 2013
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	395,451		$	280,260	$	92,777	$	63,448	$	831,936
Segment depreciation and amortization		33,710			13,631		2,372		2,247		51,960
Segment operating profit(1)		54,377			37,684		29,121		14,094		135,276
Segment assets		1,976,710			1,000,147		240,029		42,205		3,259,091
Segment expenditures for property, plant and equipment		28,712			5,990		173		1,704		36,579
Restructuring and other impairment charges		12,081			9,207		245		588		22,121
Intersegment revenues		69,322			73,290		21,547		210
	Six Months Ended July 1, 2012
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	357,137		$	261,498	$	77,613	$	67,651	$	763,899
Segment depreciation and amortization		31,043			10,847		1,594		1,964		45,448
Segment operating profit(1)		48,852			40,644		22,110		13,530		125,136
Segment assets		1,841,535			748,659		202,685		37,683		2,830,562
Segment expenditures for property, plant and equipment		15,755			6,372		62		6,493		28,682
Restructuring and other impairment charges		(1,650	)		646		—		—		(1,004	)
Intersegment revenues		75,688			35,099		—		288

(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, research and development expenses and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense and taxes on income.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following tables present reconciliations of segment results to the Company’s condensed consolidated income (loss) from continuing operations before interest and taxes for the three and six months ended June 30, 2013 and July 1, 2012:

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in thousands)
Reconciliation of Segment Operating Profit to Income (Loss) from Continuing Operations Before Interest and Taxes
Segment operating profit	$	76,713		$	64,711		$	135,276		$	125,136
Goodwill impairment		—			—			—			(332,128	)
Restructuring and other impairment charges		(12,962	)		(321	)		(22,121	)		1,004
Gain on sales of businesses and assets		—			332			—			332
Income (loss) from continuing operations before interest and taxes	$	63,751		$	64,722		$	113,155		$	(205,656	)

Reconciliation of Assets from Segment to Consolidated

	June 30, 2013		July 1, 2012
	(Dollars in thousands)
Reconciliation of Segment Assets to Condensed Consolidated Total Assets
Segment assets	$	3,259,091	$	2,830,562
Corporate assets		457,111		722,370
Assets held for sale		7,935		53,890
Total assets	$	3,724,137	$	3,606,822

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Dollars in thousands)
Reconciliation of Segment Expenditures for Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plant and Equipment
Segment expenditures for property, plant and equipment	$	20,944	$	15,549	$	36,579	$	28,682
Corporate expenditures for property, plant and equipment		318		14		318		211
Total expenditures for property, plant and equipment	$	21,262	$	15,563	$	36,897	$	28,893

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Taxes on Income from Continuing Operations - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Income Tax Disclosure [Line Items]
Effective income tax rate	12.30%	(0.60%)	16.20%	1.80%
Goodwill, tax deductible amount		$ 45,000,000		$ 45,000,000
Goodwill impairment		332,000,000		332,128,000
Tax benefit settlement foreign			7.7
Reduction in deferred tax liability			$ 5.0

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After Tax (Gain)/Loss Reclassified from Accumulated Other Comprehensive Income into Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Derivative Instruments, Gain (Loss) [Line Items]
After Tax Gain/(Loss) Recognized in OCI, Total	$ (192)	$ 1,846	$ (12)	$ 4,306
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
After Tax Gain/(Loss) Recognized in OCI, Total		2,317		4,703
Foreign Exchange Contracts
Derivative Instruments, Gain (Loss) [Line Items]
After Tax Gain/(Loss) Recognized in OCI, Total	$ (192)	$ (471)	$ (12)	$ (397)

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Changes in Carrying Amount of Goodwill, by Reporting Segment (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Goodwill [Line Items]
Goodwill gross	$ 1,572,720	$ 1,581,584
Accumulated impairment losses	(332,128)	(332,128)
Goodwill net	1,240,592	1,249,456
Goodwill related to acquisitions	10,648
Purchase accounting adjustment	(1,733)
Translation adjustment	(17,779)
Americas
Goodwill [Line Items]
Goodwill gross	1,089,200	1,086,707
Accumulated impairment losses	(332,128)	(332,128)
Goodwill net	757,072	754,579
Goodwill related to acquisitions	5,278
Purchase accounting adjustment	(1,733)
Translation adjustment	(1,052)
EMEA
Goodwill [Line Items]
Goodwill gross	349,868	353,282
Goodwill net	349,868	353,282
Goodwill related to acquisitions	5,370
Translation adjustment	(8,784)
Asia
Goodwill [Line Items]
Goodwill gross	133,652	141,595
Goodwill net	133,652	141,595
Translation adjustment	$ (7,943)

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Reconciliation of Changes in Accrued Liabilities Associated with Restructuring Program (Detail) (LMA Restructuring Program, USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Restructuring Cost and Reserve [Line Items]
Balance at December 31, 2012	$ 2,033
Subsequent accruals	6,596
Cash payments	(6,088)
Foreign currency translation	(49)
Balance at June 30, 2013	2,492
Termination Benefits
Restructuring Cost and Reserve [Line Items]
Balance at December 31, 2012	1,744
Subsequent accruals	2,826
Cash payments	(2,766)
Foreign currency translation	(28)
Balance at June 30, 2013	1,776
Facility Closure Costs
Restructuring Cost and Reserve [Line Items]
Subsequent accruals	374
Cash payments	(100)
Foreign currency translation	(2)
Balance at June 30, 2013	272
Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Balance at December 31, 2012	277
Subsequent accruals	3,281
Cash payments	(3,155)
Foreign currency translation	(7)
Balance at June 30, 2013	396
Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Balance at December 31, 2012	12
Subsequent accruals	115
Cash payments	(67)
Foreign currency translation	(12)
Balance at June 30, 2013	$ 48

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jul. 01, 2012		Jul. 01, 2012
Operating loss from discontinued operations, gain on disposal	$ 2,264	[1]	$ 2,264	[1]

[1] The $2.3 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

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Impairment of goodwill

6 Months Ended

Jun. 30, 2013

Impairment of goodwill

Note 5 — Impairment of goodwill

In the first quarter of 2012, due to a change in the Company’s reporting structure, the Company performed goodwill impairment tests and determined that three of the reporting units in the North America Segment were impaired. The Company 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. For further information on the goodwill impairment, see Note 5 to the Company’s 2012 consolidated financial statements included in its annual report on Form 10-K for the year ended December 31, 2012.

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Foreign currency translation, tax	$ 4,461	$ (13,397)	$ (1,353)	$ (9,184)
Pension and other postretirement benefits plans adjustment, tax	519	697	1,023	1,257
Derivatives qualifying as hedges, tax	$ (111)	$ 1,057	$ (7)	$ 2,465

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Aggregate Accounts Receivable, Net of Allowance for Doubtful Accounts (Parenthetical) (Detail) (Spain Italy Portugal And Greece, USD $) In Millions, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Spain Italy Portugal And Greece
Unusual Risk or Uncertainty [Line Items]
Accounts receivable, allowances	$ 7.9	$ 6.3

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Net revenues	$ 420,059	$ 383,332	$ 831,936	$ 763,899
Cost of goods sold	210,569	198,968	421,926	395,421
Gross profit	209,490	184,364	410,010	368,478
Selling, general and administrative expenses	116,253	105,951	243,203	218,087
Research and development expenses	16,524	13,702	31,531	25,255
Goodwill impairment		332,000		332,128
Restructuring and other impairment charges	12,962	321	22,121	(1,004)
Gain on sales of businesses and assets		(332)		(332)
Income (loss) from continuing operations before interest and taxes	63,751	64,722	113,155	(205,656)
Interest expense	14,425	18,240	28,618	36,451
Interest income	(157)	(506)	(314)	(984)
Income (loss) from continuing operations before taxes	49,483	46,988	84,851	(241,123)
Taxes (benefit) on income (loss) from continuing operations	6,082	(278)	13,749	(4,276)
Income (loss) from continuing operations	43,401	47,266	71,102	(236,847)
Operating loss from discontinued operations (including gain on disposal of $2,264 for the three and six month periods in 2012)	(1,026)	(8,049)	(1,784)	(7,120)
Tax benefit on loss from discontinued operations	(260)	(3,682)	(556)	(3,358)
Loss from discontinued operations	(766)	(4,367)	(1,228)	(3,762)
Net income (loss)	42,635	42,899	69,874	(240,609)
Less: Income from continuing operations attributable to noncontrolling interest	194	286	395	513
Net income (loss) attributable to common shareholders	42,441	42,613	69,479	(241,122)
Basic:
Income (loss) from continuing operations	$ 1.05	$ 1.15	$ 1.72	$ (5.82)
Loss from discontinued operations	$ (0.02)	$ (0.11)	$ (0.03)	$ (0.09)
Net income (loss)	$ 1.03	$ 1.04	$ 1.69	$ (5.91)
Diluted:
Income (loss) from continuing operations	$ 0.99	$ 1.14	$ 1.64	$ (5.82)
Loss from discontinued operations	$ (0.01)	$ (0.10)	$ (0.03)	$ (0.09)
Net income (loss)	$ 0.98	$ 1.04	$ 1.61	$ (5.91)
Dividends per common share	$ 0.34	$ 0.34	$ 0.68	$ 0.68
Weighted average common shares outstanding:
Basic	41,115	40,834	41,064	40,801
Diluted	43,429	41,076	43,238	40,801
Amounts attributable to common shareholders:
Income (loss) from continuing operations, net of tax	43,207	46,980	70,707	(237,360)
Loss from discontinued operations, net of tax	(766)	(4,367)	(1,228)	(3,762)
Net income (loss) attributable to common shareholders	$ 42,441	$ 42,613	$ 69,479	$ (241,122)

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Components of Intangible Assets (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,327,494	$ 1,310,464
Accumulated Amortization	(274,649)	(251,672)
In Process Research and Development
Finite-Lived Intangible Assets [Line Items]
In-process research and development	68,376	53,157
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	584,064	580,151
Accumulated Amortization	(154,456)	(141,520)
Intellectual property
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	277,155	276,458
Accumulated Amortization	(103,639)	(95,967)
Distribution rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	16,532	16,567
Accumulated Amortization	(14,093)	(13,880)
Trade Names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	381,367	384,131
Accumulated Amortization	$ (2,461)	$ (305)

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Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net revenues	$ 420,059	$ 383,332	$ 831,936	$ 763,899
Cost of goods sold	210,569	198,968	421,926	395,421
Gross profit	209,490	184,364	410,010	368,478
Selling, general and administrative expenses	116,253	105,951	243,203	218,087
Research and development expenses	16,524	13,702	31,531	25,255
Goodwill impairment		332,000		332,128
Restructuring and other impairment charges	12,962	321	22,121	(1,004)
Gain on sales of businesses and assets		(332)		(332)
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	63,751	64,722	113,155	(205,656)
Interest expense	14,425	18,240	28,618	36,451
Interest income	(157)	(506)	(314)	(984)
Income (loss) from continuing operations before taxes	49,483	46,988	84,851	(241,123)
Taxes (benefit) on income (loss) from continuing operations	6,082	(278)	13,749	(4,276)
Income (loss) from continuing operations	43,401	47,266	71,102	(236,847)
Operating income (loss) from discontinued operations	(1,026)	(8,049)	(1,784)	(7,120)
Taxes (benefit) on income (loss) from discontinued operations	(260)	(3,682)	(556)	(3,358)
Income (loss) from discontinued operations	(766)	(4,367)	(1,228)	(3,762)
Net income	42,635	42,899	69,874	(240,609)
Less: Income from continuing operations attributable to noncontrolling interests	194	286	395	513
Net income (loss) attributable to common shareholders	42,441	42,613	69,479	(241,122)
Other comprehensive loss attributable to common shareholders	(5,234)	(62,945)	(30,710)	(28,902)
Comprehensive income (loss) attributable to common shareholders	37,207	(20,332)	38,769	(270,024)
Parent Company
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Selling, general and administrative expenses	14,899	12,929	31,827	28,569
Gain on sales of businesses and assets		(116,194)		(116,194)
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	(14,899)	103,265	(31,827)	87,625
Interest expense	33,655	36,626	67,190	73,101
Interest income	3	(128)	(3)	(253)
Income (loss) from continuing operations before taxes	(48,557)	66,767	(99,014)	14,777
Taxes (benefit) on income (loss) from continuing operations	(17,287)	(17,209)	(35,746)	(35,061)
Equity in net income of consolidated subsidiaries	74,433	(40,616)	134,253	(290,814)
Income (loss) from continuing operations	43,163	43,360	70,985	(240,976)
Operating income (loss) from discontinued operations	(1,026)	(1,037)	(2,152)	(91)
Taxes (benefit) on income (loss) from discontinued operations	(304)	(290)	(646)	55
Income (loss) from discontinued operations	(722)	(747)	(1,506)	(146)
Net income	42,441	42,613	69,479	(241,122)
Net income (loss) attributable to common shareholders	42,441	42,613	69,479	(241,122)
Other comprehensive loss attributable to common shareholders	(5,234)	(62,945)	(30,710)	(28,902)
Comprehensive income (loss) attributable to common shareholders	37,207	(20,332)	38,769	(270,024)
Guarantor Subsidiaries
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net revenues	248,012	235,051	502,868	473,548
Cost of goods sold	143,732	137,054	296,436	278,961
Gross profit	104,280	97,997	206,432	194,587
Selling, general and administrative expenses	59,336	59,789	126,492	121,377
Research and development expenses	14,082	12,012	27,089	21,919
Goodwill impairment				331,779
Restructuring and other impairment charges	1,511	280	9,278	(1,650)
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	29,351	25,916	43,573	(278,838)
Interest expense	(21,017)	(20,054)	(42,144)	(40,240)
Interest income				(8)
Income (loss) from continuing operations before taxes	50,368	45,970	85,717	(238,590)
Taxes (benefit) on income (loss) from continuing operations	13,729	16,829	27,980	17,193
Equity in net income of consolidated subsidiaries	31,599	47,764	65,749	78,760
Income (loss) from continuing operations	68,238	76,905	123,486	(177,023)
Operating income (loss) from discontinued operations		(9,265)		(9,429)
Taxes (benefit) on income (loss) from discontinued operations		(3,521)		(3,584)
Income (loss) from discontinued operations		(5,744)		(5,845)
Net income	68,238	71,161	123,486	(182,868)
Net income (loss) attributable to common shareholders	68,238	71,161	123,486	(182,868)
Other comprehensive loss attributable to common shareholders	(1,224)	(76,659)	(33,350)	(43,257)
Comprehensive income (loss) attributable to common shareholders	67,014	(5,498)	90,136	(226,125)
Non-Guarantor Subsidiaries
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net revenues	239,147	204,785	469,952	409,706
Cost of goods sold	136,322	118,186	267,895	233,622
Gross profit	102,825	86,599	202,057	176,084
Selling, general and administrative expenses	42,418	32,580	85,090	67,831
Research and development expenses	2,442	1,690	4,442	3,336
Goodwill impairment				349
Restructuring and other impairment charges	11,451	41	12,843	646
Gain on sales of businesses and assets		(332)		(332)
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	46,514	52,620	99,682	104,254
Interest expense	1,787	1,668	3,572	3,590
Interest income	(160)	(378)	(311)	(723)
Income (loss) from continuing operations before taxes	44,887	51,330	96,421	101,387
Taxes (benefit) on income (loss) from continuing operations	9,515	723	20,739	14,495
Income (loss) from continuing operations	35,372	50,607	75,682	86,892
Operating income (loss) from discontinued operations		2,253	368	2,400
Taxes (benefit) on income (loss) from discontinued operations	44	129	90	171
Income (loss) from discontinued operations	(44)	2,124	278	2,229
Net income	35,328	52,731	75,960	89,121
Less: Income from continuing operations attributable to noncontrolling interests	194	286	395	513
Net income (loss) attributable to common shareholders	35,134	52,445	75,565	88,608
Other comprehensive loss attributable to common shareholders	(3,559)	(62,453)	(27,372)	(34,766)
Comprehensive income (loss) attributable to common shareholders	31,575	(10,008)	48,193	53,842
Eliminations
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net revenues	(67,100)	(56,504)	(140,884)	(119,355)
Cost of goods sold	(69,485)	(56,272)	(142,405)	(117,162)
Gross profit	2,385	(232)	1,521	(2,193)
Selling, general and administrative expenses	(400)	653	(206)	310
Gain on sales of businesses and assets		116,194		116,194
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	2,785	(117,079)	1,727	(118,697)
Income (loss) from continuing operations before taxes	2,785	(117,079)	1,727	(118,697)
Taxes (benefit) on income (loss) from continuing operations	125	(621)	776	(903)
Equity in net income of consolidated subsidiaries	(106,032)	(7,148)	(200,002)	212,054
Income (loss) from continuing operations	(103,372)	(123,606)	(199,051)	94,260
Net income	(103,372)	(123,606)	(199,051)	94,260
Net income (loss) attributable to common shareholders	(103,372)	(123,606)	(199,051)	94,260
Other comprehensive loss attributable to common shareholders	4,783	139,112	60,722	78,023
Comprehensive income (loss) attributable to common shareholders	$ (98,589)	$ 15,506	$ (138,329)	$ 172,283

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Reconciliation of Segment Operating Profit to Income (Loss) from Continuing Operations before Interest, Loss on Extinguishment of Debt and Taxes (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jul. 01, 2012		Jun. 30, 2013		Jul. 01, 2012
Segment Reporting, Other Significant Reconciling Item [Line Items]
Goodwill impairment			$ (332,000)				$ (332,128)
Restructuring and other impairment charges	(12,962)		(321)		(22,121)		1,004
Gain on sales of businesses and assets			332				332
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	63,751		64,722		113,155		(205,656)
Operating Segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other impairment charges	(12,962)		(321)		(22,121)		1,004
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	$ 76,713	[1]	$ 64,711	[1]	$ 135,276	[1]	$ 125,136	[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, research and development expenses and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense and taxes on income.

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Restructuring and other impairment charges (Tables)

6 Months Ended

Jun. 30, 2013

Restructuring and Other Impairment Charges

The amounts recognized in restructuring and other impairment charges for the three and six months ended June 30, 2013 and July 1, 2012 consisted of the following:

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Dollars in thousands)
LMA restructuring program	$	3,941	$	—	$	6,596	$	—
2013 restructuring charges		7,350		—		7,830		—
2012 restructuring charges		1,616		265		3,066		871
2007 Arrow integration program		55		56		135		(1,875	)
In-process research and development impairment		—		—		4,494		—
Restructuring and other impairment charges	$	12,962	$	321	$	22,121	$	(1,004	)

Changes in Accrued Liability Associated with Restructuring Program

A reconciliation of the changes in accrued liabilities associated with the LMA restructuring program from December 31, 2012 through June 30, 2013 is set forth in the following table:

	Termination benefits			Facility Closure Costs			Contract Termination Costs			Other Restructuring Costs			Total
	(Dollars in thousands)
Balance at December 31, 2012	$	1,744		$	—		$	277		$	12		$	2,033
Subsequent accruals		2,826			374			3,281			115			6,596
Cash payments		(2,766	)		(100	)		(3,155	)		(67	)		(6,088	)
Foreign currency translation		(28	)		(2	)		(7	)		(12	)		(49	)
Balance at June 30, 2013	$	1,776		$	272		$	396		$	48		$	2,492

2007 Arrow Integration Program

Restructuring and Other 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 (loss) for the periods presented:

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Dollars in thousands)
Facility closure costs	$	55	$	56	$	135	$	148
Contract termination costs		—		—		—		(2,023	)
	$	55	$	56	$	135	$	(1,875	)

LMA Restructuring Program

Restructuring and Other Impairment Charges

The charges associated with this restructuring program that are included in restructuring and other impairment charges during the three and six month periods ended June 30, 2013 were as follows:

	Three Months Ended June  30, 2013		Six Months Ended June 30, 2013
	(Dollars in thousands)
Termination benefits	$	802	$	2,826
Facility closure costs		293		374
Contract termination costs		2,839		3,281
Other restructuring costs		7		115
	$	3,941	$	6,596

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Business segment information

6 Months Ended

Jun. 30, 2013

Business segment information

Note 14 — Business segment information

In the third quarter of 2012, due to changes in the Company’s management and internal reporting structure, the Company’s Latin America operations were moved from the AJLA Segment into the North America Segment. As a result of this change, the North America Segment is now referred to as the Americas Segment and the AJLA Segment is now referred to as the Asia Segment. The change did not affect the Company’s reporting unit structure. All prior comparative periods have been restated to reflect this change.

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 four operating segments, which also comprise its four reportable segments.

Three of the four reportable segments are geographically based: Americas (representing the Company’s operations in North America and Latin America), EMEA (representing the Company’s operations in Europe, the Middle East and Africa) and Asia. The fourth reportable segment is Original Equipment Manufacturer and Development Services (“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 and six months ended June 30, 2013 and July 1, 2012:

	Three Months Ended June 30, 2013
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	199,698		$	137,842	$	50,409	$	32,110	$	420,059
Segment depreciation and amortization		16,690			6,597		1,187		1,145		25,619
Segment operating profit(1)		33,599			18,576		16,804		7,734		76,713
Segment expenditures for property, plant and equipment		16,408			3,270		139		1,127		20,944
Restructuring and other impairment charges		4,314			7,913		147		588		12,962
Intersegment revenues		29,723			38,064		10,864		132
	Three Months Ended July 1, 2012
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	176,800		$	126,898	$	43,654	$	35,980	$	383,332
Segment depreciation and amortization		15,546			5,349		826		1,057		22,778
Segment operating profit(1)		24,126			19,634		12,650		8,301		64,711
Segment expenditures for property, plant and equipment		8,525			3,677		55		3,292		15,549
Restructuring and other impairment charges		280			41		—		—		321
Intersegment revenues		35,876			17,532		—		150
	Six Months Ended June 30, 2013
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	395,451		$	280,260	$	92,777	$	63,448	$	831,936
Segment depreciation and amortization		33,710			13,631		2,372		2,247		51,960
Segment operating profit(1)		54,377			37,684		29,121		14,094		135,276
Segment assets		1,976,710			1,000,147		240,029		42,205		3,259,091
Segment expenditures for property, plant and equipment		28,712			5,990		173		1,704		36,579
Restructuring and other impairment charges		12,081			9,207		245		588		22,121
Intersegment revenues		69,322			73,290		21,547		210
	Six Months Ended July 1, 2012
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external	$	357,137		$	261,498	$	77,613	$	67,651	$	763,899
Segment depreciation and amortization		31,043			10,847		1,594		1,964		45,448
Segment operating profit(1)		48,852			40,644		22,110		13,530		125,136
Segment assets		1,841,535			748,659		202,685		37,683		2,830,562
Segment expenditures for property, plant and equipment		15,755			6,372		62		6,493		28,682
Restructuring and other impairment charges		(1,650	)		646		—		—		(1,004	)
Intersegment revenues		75,688			35,099		—		288

(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, research and development expenses and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense and taxes on income.

The following tables present reconciliations of segment results to the Company’s condensed consolidated income (loss) from continuing operations before interest and taxes for the three and six months ended June 30, 2013 and July 1, 2012:

	Three Months Ended						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in thousands)
Reconciliation of Segment Operating Profit to Income (Loss) from Continuing Operations Before Interest and Taxes
Segment operating profit	$	76,713		$	64,711		$	135,276		$	125,136
Goodwill impairment		—			—			—			(332,128	)
Restructuring and other impairment charges		(12,962	)		(321	)		(22,121	)		1,004
Gain on sales of businesses and assets		—			332			—			332
Income (loss) from continuing operations before interest and taxes	$	63,751		$	64,722		$	113,155		$	(205,656	)

	June 30, 2013		July 1, 2012
	(Dollars in thousands)
Reconciliation of Segment Assets to Condensed Consolidated Total Assets
Segment assets	$	3,259,091	$	2,830,562
Corporate assets		457,111		722,370
Assets held for sale		7,935		53,890
Total assets	$	3,724,137	$	3,606,822

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Dollars in thousands)
Reconciliation of Segment Expenditures for Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plant and Equipment
Segment expenditures for property, plant and equipment	$	20,944	$	15,549	$	36,579	$	28,682
Corporate expenditures for property, plant and equipment		318		14		318		211
Total expenditures for property, plant and equipment	$	21,262	$	15,563	$	36,897	$	28,893

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Restructuring and Other Impairment Charges, Restructuring Program (Detail) (LMA Restructuring Program, USD $) In Thousands, unless otherwise specified	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013
LMA Restructuring Program
Restructuring Cost and Reserve [Line Items]
Termination benefits	$ 802	$ 2,826
Facility closure costs	293	374
Contract termination costs	2,839	3,281
Other restructuring costs	7	115
Restructuring charges	$ 3,941	$ 6,596

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Schedule of Reconciliation Of Segment Expenditures For Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plant, and Equipment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Segment Reporting, Asset Reconciling Item [Line Items]
Total expenditures for property, plant and equipment	$ 21,262	$ 15,563	$ 36,897	$ 28,893
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total expenditures for property, plant and equipment	20,944	15,549	36,579	28,682
Corporate, Non-Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Total expenditures for property, plant and equipment	$ 318	$ 14	$ 318	$ 211

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Fair Values of Derivative Instruments Designated as Hedging Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Derivatives, Fair Value [Line Items]
Total asset derivatives	$ 466	$ 1,279
Total liability derivatives	1,212	598
Prepaid Expenses and Other Current Assets | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Total asset derivatives	466	1,279
Other Current Liabilities | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Total liability derivatives	$ 1,212	$ 598

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Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding (Detail) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Basic	41,115	40,834	41,064	40,801
Dilutive effect of share based awards	374	221	384
Dilutive effect of 3.875% Convertible Notes and warrants	1,940	21	1,790
Diluted	43,429	41,076	43,238	40,801

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Divestiture-related activities (Tables)

6 Months Ended

Jun. 30, 2013

Operating Results of Operations Treated 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						Six Months Ended
	June 30, 2013			July 1, 2012			June 30, 2013			July 1, 2012
	(Dollars in thousands)
Net revenues	$	—		$	6,637		$	—		$	13,827
Costs and other expenses		1,026			7,250			1,784			13,511
Goodwill impairment(1)		—			9,700			—			9,700
Gain on disposition(2)		—			2,264			—			2,264
Loss from discontinued operations before income taxes		(1,026	)		(8,049	)		(1,784	)		(7,120	)
Provision for income taxes		(260	)		(3,682	)		(556	)		(3,358	)
Loss from discontinued operations		(766	)		(4,367	)		(1,228	)		(3,762	)
Less: Income from discontinued operations attributable to noncontrolling interest		—			—			—			—
Loss from discontinued operations attributable to common shareholders	$	(766	)	$	(4,367	)	$	(1,228	)	$	(3,762	)

(1) During the second quarter of 2012, the Company recognized a non-cash goodwill impairment charge of $9.7 million to adjust the carrying value of the orthopedic business to its estimated fair value.

(2) The $2.3 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

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Taxes on income from continuing operations (Tables)

6 Months Ended

Jun. 30, 2013

Effective Income Tax Rate

	Three Months Ended				Six Months Ended
	June  30, 2013		July 1, 2012		June  30, 2013		July 1, 2012
Effective income tax rate		12.3%		(0.6)%		16.2%		1.8%

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Pension and other postretirement benefits (Tables)

6 Months Ended

Jun. 30, 2013

Net Benefit Cost of Pension and Postretirement Benefit Plans

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

	Pension Three Months  Ended						Postretirement Benefits Three  Months Ended				Pension Six Months Ended						Postretirement Benefits Six  Months Ended
	June  30, 2013			July 1, 2012			June  30, 2013		July 1, 2012		June  30, 2013			July 1, 2012			June  30, 2013		July 1, 2012
	(Dollars in thousands)
Service cost	$	464		$	711		$	161	$	158	$	929		$	1,389		$	325	$	316
Interest cost		4,142			4,125			542		473		8,281			8,251			1,541		946
Expected return on Plan assets		(5,774	)		(5,042	)		—		—		(11,544	)		(10,085	)		—		—
Net amortization and deferral		1,414			1,604			202		122		2,824			3,210			932		245
Settlement charge		—			(124	)		—		—		—			(124	)		—		—
Curtailment charge		—			111			—		—		—			111			—		—
Net benefit cost	$	246		$	1,385		$	905	$	753	$	490		$	2,752		$	2,798	$	1,507

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Restructuring and other impairment charges

6 Months Ended

Jun. 30, 2013

Restructuring and other impairment charges

Note 4 — Restructuring and other impairment charges

The amounts recognized in restructuring and other impairment charges for the three and six months ended June 30, 2013 and July 1, 2012 consisted of the following:

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Dollars in thousands)
LMA restructuring program	$	3,941	$	—	$	6,596	$	—
2013 restructuring charges		7,350		—		7,830		—
2012 restructuring charges		1,616		265		3,066		871
2007 Arrow integration program		55		56		135		(1,875	)
In-process research and development impairment		—		—		4,494		—
Restructuring and other impairment charges	$	12,962	$	321	$	22,121	$	(1,004	)

The Company did not incur any expenses related to its 2011 restructuring program during the three and six month periods ended June 30, 2013 or July 1, 2012.

LMA Restructuring Program

In connection with the acquisition of LMA, the Company formulated a plan related to the integration of the LMA business and the Company’s businesses. The integration plan focuses on the closure of the LMA business’ corporate functions and the consolidation of manufacturing, sales, marketing, and distribution functions in North America, Europe and Asia. The charges associated with this restructuring program that are included in restructuring and other impairment charges during the three and six month periods ended June 30, 2013 were as follows:

	Three Months Ended June  30, 2013		Six Months Ended June 30, 2013
	(Dollars in thousands)
Termination benefits	$	802	$	2,826
Facility closure costs		293		374
Contract termination costs		2,839		3,281
Other restructuring costs		7		115
	$	3,941	$	6,596

A reconciliation of the changes in accrued liabilities associated with the LMA restructuring program from December 31, 2012 through June 30, 2013 is set forth in the following table:

	Termination benefits			Facility Closure Costs			Contract Termination Costs			Other Restructuring Costs			Total
	(Dollars in thousands)
Balance at December 31, 2012	$	1,744		$	—		$	277		$	12		$	2,033
Subsequent accruals		2,826			374			3,281			115			6,596
Cash payments		(2,766	)		(100	)		(3,155	)		(67	)		(6,088	)
Foreign currency translation		(28	)		(2	)		(7	)		(12	)		(49	)
Balance at June 30, 2013	$	1,776		$	272		$	396		$	48		$	2,492

As of June 30, 2013, the Company expects to incur additional restructuring charges of approximately $5 million over the remaining life of the program. Of this amount, $4 million relates to the termination of certain distributor agreements and $1 million relates to employee termination, facility closure and other costs.

2013 Restructuring Charges

The Company regularly evaluates opportunities to consolidate facilities, lower costs and improve operating efficiencies. In 2013, the Company initiated programs to consolidate manufacturing facilities in North America and warehouse facilities in Europe and terminate certain European distributor agreements in an effort to reduce costs. As a result of these actions, the Company will incur costs related to reductions in force, facility closure, contract termination and other costs. For the three and six month periods ended June 30, 2013, the Company incurred restructuring charges of $7.4 million and $7.8 million, respectively, primarily related to reductions in force, contract termination costs and charges related to expected post-closing obligations associated with its acquired businesses. As of June 30, 2013, the Company has a reserve of $3.2 million in connection with these projects.

2012 Restructuring Charges

In 2012, the Company identified opportunities to improve its supply chain strategy by consolidating its three North American warehouses into one centralized warehouse; and lower costs and improve operating efficiencies through the termination of certain distributor agreements in Europe, the closure of certain North American facilities and workforce reductions. These projects will entail costs related to reductions in force, contract terminations related distributor agreements and leases, and facility closure and other costs. For the three and six month periods ended June 30, 2013, the Company incurred restructuring charges of $1.6 million and $3.1 million, respectively, related to the aforementioned cost categories. As of June 30, 2013, the Company has a reserve of $3.3 million in connection with these projects.

2011 Restructuring Program

In 2011, the Company initiated a restructuring program at three facilities to consolidate operations and reduce costs. As of June 30, 2013, in connection with this program, the Company has a reserve of $1.5 million, which primarily relates to contract termination costs associated with a leased facility that the Company has partially vacated. The Company expects to incur additional contract termination costs of approximately $2.7 million associated with the lease termination when it has vacated the remaining portion of the premises in 2014. 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. As of June 30, 2013, the Company has a reserve of $0.4 million in connection with this program. 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 (loss) for the periods presented:

	Three Months Ended				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Dollars in thousands)
Facility closure costs	$	55	$	56	$	135	$	148
Contract termination costs		—		—		—		(2,023	)
	$	55	$	56	$	135	$	(1,875	)

In 2012, the Company reversed approximately $2.0 million of contract termination costs related to a settlement of a dispute involving the termination of a European distributor agreement that was established in connection with the Company’s acquisition of Arrow.

As of June 30, 2013, the Company expects future restructuring expenses associated with the 2007 Arrow integration program, if any, to be nominal.

In-process research and development impairment

During the first quarter of 2013, the Company recorded a $4.5 million IPR&D charge pertaining to a research and development project associated with the Axiom acquisition because technological feasibility had not yet been achieved and the Company determined that such technology had no future alternative use.

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Fair Value of Debt (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013
Fair Value Measurements [Line Items]
Fair value of debt	$ 1,187,605
Quoted Prices In Active Markets (Level 1)
Fair Value Measurements [Line Items]
Fair value of debt	808,750
Significant Other Observable Inputs (Level 2)
Fair Value Measurements [Line Items]
Fair value of debt	$ 378,855

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Inventories, net (Tables)

6 Months Ended

Jun. 30, 2013

Inventories, net

Inventories as of June 30, 2013 and December 31, 2012 consisted of the following:

	June 30, 2013			December 31, 2012
	(Dollars in thousands)
Raw materials	$	89,516		$	84,636
Work-in-process		38,889			47,440
Finished goods		249,882			222,974
		378,287			355,050
Less: Inventory reserve		(29,679	)		(31,703	)
Inventories, net	$	348,608		$	323,347

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Purchase Price Allocation Among Assets Acquired and Liabilities Assumed in Acquisition (Detail) (USD $)	Jun. 30, 2013	Dec. 31, 2012
Business Acquisition [Line Items]
Goodwill	$ 1,240,592,000	$ 1,249,456,000
2013 Acquisitions
Business Acquisition [Line Items]
Current assets	2,200,000
Property, plant and equipment	500,000
Goodwill	10,600,000
Total assets acquired	44,500,000
Current liabilities	1,100,000
Deferred tax liabilities	4,900,000
Liabilities assumed	6,000,000
Net assets acquired	38,500,000
2013 Acquisitions | In Process Research and Development
Business Acquisition [Line Items]
Intangible assets	19,700,000
Intellectual property | 2013 Acquisitions
Business Acquisition [Line Items]
Intangible assets	2,100,000
Trade Names | 2013 Acquisitions
Business Acquisition [Line Items]
Intangible assets	1,100,000
Customer Lists | 2013 Acquisitions
Business Acquisition [Line Items]
Intangible assets	$ 8,300,000

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Goodwill and other intangible assets, net

6 Months Ended

Jun. 30, 2013

Goodwill and other intangible assets, net

Note 7 — Goodwill and other intangible assets, net

The following table provides information relating to changes in the carrying amount of goodwill, by reportable segment, for the six months ended June 30, 2013:

	Americas Segment			EMEA Segment			Asia Segment			OEM Segment		Total
	(Dollars in thousands)
Balance as of December 31, 2012
Goodwill	$	1,086,707		$	353,282		$	141,595		$	—	$	1,581,584
Accumulated impairment losses		(332,128	)		—			—			—		(332,128	)
		754,579			353,282			141,595			—		1,249,456
Goodwill related to acquisitions		5,278			5,370			—			—		10,648
Purchase accounting adjustment		(1,733	)		—			—			—		(1,733	)
Translation adjustment		(1,052	)		(8,784	)		(7,943	)		—		(17,779	)
Balance as of June 30, 2013
Goodwill		1,089,200			349,868			133,652			—		1,572,720
Accumulated impairment losses		(332,128	)		—			—			—		(332,128	)
	$	757,072		$	349,868		$	133,652		$	—	$	1,240,592

The following table provides information, as of June 30, 2013 and December 31, 2012, regarding the gross carrying amount of, and accumulated amortization relating to, intangible assets, net:

	Gross Carrying Amount				Accumulated Amortization
	June 30, 2013		December 31, 2012		June 30, 2013			December 31, 2012
	(Dollars in thousands)
Customer relationships	$	584,064	$	580,151	$	(154,456	)	$	(141,520	)
In-process research and development (“IPR&D”)		68,376		53,157		—			—
Intellectual property		277,155		276,458		(103,639	)		(95,967	)
Distribution rights		16,532		16,567		(14,093	)		(13,880	)
Trade names		381,367		384,131		(2,461	)		(305	)
	$	1,327,494	$	1,310,464	$	(274,649	)	$	(251,672	)

During the first quarter of 2013, the Company recorded a $4.5 million IPR&D charge. See Note 4, “Restructuring and other impairment charges” for additional information.

At the beginning of 2013, due to a Company rebranding strategy, the Company reassessed the useful life of its Taut tradename, which had a carrying value of $4.5 million at January 1, 2013, and reclassified it from an indefinite lived intangible asset to a finite lived intangible asset with a useful life of eight years.

Amortization expense related to intangible assets was $12.1 million and $10.7 million for the three months ended June 30, 2013 and July 1, 2012, respectively, and $24.6 million and $21.2 million for the six months ended June 30, 2013 and July 1, 2012, respectively. Estimated annual amortization expense for the remainder of 2013 and the next four succeeding years is as follows (dollars in thousands):

2013	$	25,200
2014		46,700
2015		44,400
2016		44,100
2017		43,700

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Segment Result (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jul. 01, 2012		Jun. 30, 2013		Jul. 01, 2012		Dec. 31, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	$ 420,059		$ 383,332		$ 831,936		$ 763,899
Segment operating profit	63,751		64,722		113,155		(205,656)
Segment assets	3,724,137		3,606,822		3,724,137		3,606,822		3,739,497
Segment expenditures for property, plant and equipment	21,262		15,563		36,897		28,893
Restructuring and other impairment charges	12,962		321		22,121		(1,004)
Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	420,059		383,332		831,936		763,899
Segment depreciation and amortization	25,619		22,778		51,960		45,448
Segment operating profit	76,713	[1]	64,711	[1]	135,276	[1]	125,136	[1]
Segment assets	3,259,091		2,830,562		3,259,091		2,830,562
Segment expenditures for property, plant and equipment	20,944		15,549		36,579		28,682
Restructuring and other impairment charges	12,962		321		22,121		(1,004)
Americas | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	199,698		176,800		395,451		357,137
Segment depreciation and amortization	16,690		15,546		33,710		31,043
Segment operating profit	33,599	[1]	24,126	[1]	54,377	[1]	48,852	[1]
Segment assets	1,976,710		1,841,535		1,976,710		1,841,535
Segment expenditures for property, plant and equipment	16,408		8,525		28,712		15,755
Restructuring and other impairment charges	4,314		280		12,081		(1,650)
Americas | Intersegment revenues
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	29,723		35,876		69,322		75,688
EMEA | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	137,842		126,898		280,260		261,498
Segment depreciation and amortization	6,597		5,349		13,631		10,847
Segment operating profit	18,576	[1]	19,634	[1]	37,684	[1]	40,644	[1]
Segment assets	1,000,147		748,659		1,000,147		748,659
Segment expenditures for property, plant and equipment	3,270		3,677		5,990		6,372
Restructuring and other impairment charges	7,913		41		9,207		646
EMEA | Intersegment revenues
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	38,064		17,532		73,290		35,099
Asia | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	50,409		43,654		92,777		77,613
Segment depreciation and amortization	1,187		826		2,372		1,594
Segment operating profit	16,804	[1]	12,650	[1]	29,121	[1]	22,110	[1]
Segment assets	240,029		202,685		240,029		202,685
Segment expenditures for property, plant and equipment	139		55		173		62
Restructuring and other impairment charges	147				245
Asia | Intersegment revenues
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	10,864				21,547
OEM | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	32,110		35,980		63,448		67,651
Segment depreciation and amortization	1,145		1,057		2,247		1,964
Segment operating profit	7,734	[1]	8,301	[1]	14,094	[1]	13,530	[1]
Segment assets	42,205		37,683		42,205		37,683
Segment expenditures for property, plant and equipment	1,127		3,292		1,704		6,493
Restructuring and other impairment charges	588				588
OEM | Intersegment revenues
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	$ 132		$ 150		$ 210		$ 288

[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, research and development expenses and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense and taxes on income.

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Acquisitions

6 Months Ended

Jun. 30, 2013

Acquisitions

Note 3 — Acquisitions

The Company made the following acquisitions during 2013, all of which were accounted for as business combinations:

• On June 11, 2013, the Company acquired the assets of Ultimate Medical Pty. Ltd. and its affiliates, a supplier of airway management devices with a related portfolio of patented products. This acquisition complements the anesthesia product portfolio in the Company’s Critical Care division.

• On June 6, 2013, the Company acquired Eon Surgical, Ltd., a developer of a minimally invasive microlaparoscopy surgical platform technology designed to enhance surgeons’ ability to perform scarless surgery while producing better patient outcomes, which complements the product portfolio of its Surgical Care division.

The total fair value of consideration for the 2013 acquisitions is estimated at $38.5 million. Transaction expenses associated with the acquisitions, which are included in selling, general and administrative expenses on the consolidated statements of income (loss) were $0.4 million and $0.5 million for the three and six months ended June 30, 2013, respectively. For the three and six months ended June 30, 2013, the Company has recorded an aggregate segment operating loss of approximately $2.9 million in connection with the businesses acquired in 2013. The results of operations of the acquired businesses and assets are included in the consolidated statements of income (loss) from their respective acquisition date. Pro forma information is not presented as the operations of the acquired businesses are not significant to the overall operations of the Company.

In connection with these acquisitions, the Company recorded a liability of $2.8 million related to expected post-closing obligations associated with the acquired businesses, which expense is reflected in restructuring and impairment charges in the three and six months ended June 30, 2013.

The following table presents the purchase price allocation among the assets acquired and liabilities assumed in the acquisitions that occurred during the second quarter of 2013:

	(Dollars in millions)
Assets
Current assets	$	2.2
Property, plant and equipment		0.5
Intangible assets:
Intellectual property		2.1
Tradenames		1.1
In-process research and development		19.7
Customer lists		8.3
Goodwill		10.6
Total assets acquired		44.5
Less:
Current liabilities		1.1
Deferred tax liabilities		4.9
Liabilities assumed		6.0
Net assets acquired	$	38.5

The Company is continuing to evaluate the initial purchase price allocation of the 2013 acquisitions. Further adjustments may be necessary as a result of the Company’s assessment of additional information related to the fair values of assets acquired and liabilities assumed.

Among the acquired assets, intellectual property has a useful life of 10 years, customer lists have a useful life of 15 years and finite tradenames have useful lives ranging from 1 to 10 years. In-process research and development (“IPR&D”) has an indefinite life and is not amortized until development of the related project is completed, at which time the IPR&D becomes an amortizable asset. If the related project is not completed in a timely manner, the Company may incur an impairment charge related to the IPR&D, calculated as the excess of the asset’s carrying value over its fair value. The goodwill resulting from the acquisitions primarily reflects the expected revenue growth attributable to anticipated increased market penetration from acquired and future products and customers. Goodwill and the step-up in basis of the intangible assets in connection with stock acquisitions are not deductible for tax purposes.

The Company made the following acquisitions during 2012, all of which were accounted for as business combinations:

• On October 23, 2012, the Company acquired substantially all of the assets of LMA International N.V. (“LMA”), a global provider of laryngeal masks whose products are used in anesthesia and emergency care. On October 23, 2012, in a separate transaction, the Company also acquired the LMA branded laryngeal mask supraglottic airway business and certain other products in the United Kingdom, Ireland and Channel Islands from the shareholders of Intravent Direct Limited and affiliates. These acquisitions complement the anesthesia product portfolio in the Company’s Critical Care division.

• On June 22, 2012, the Company acquired Hotspur Technologies Inc., a developer of catheter-based technologies designed to restore blood flow in patients with obstructed vessels. The acquired business complements the dialysis access product line in the Company’s Cardiac Care division.

• On May 22, 2012, the Company acquired Semprus BioSciences Corp., a biomedical company that developed a long-lasting, covalently bonded, non-leaching polymer designed to reduce infections and thrombus related complications. While the Company will explore opportunities to apply this technology to a broad array of its product offerings, the initial focus for the technology will be with respect to vascular devices within the Company’s Critical Care division.

• On May 3, 2012, the Company acquired substantially all of the assets of Axiom Technology Partners, LLC (the “Axiom acquisition”), constituting its EFx laparoscopic fascial closure system, which is designed for the closure of abdominal trocar defects through which access ports and instruments were used during laparoscopic surgeries. The acquired business complements the surgical closure product line in the Company’s Surgical Care division.

• On April 5, 2012, the Company acquired the EZ-Blocker product line, a single-use catheter used to perform lung isolation and one-lung ventilation. The acquisition of this product line complements the Anesthesia product portfolio in the Company’s Critical Care division.

In connection with the acquisitions, the Company agreed to pay contingent consideration based on the achievement of specified objectives, including obtaining regulatory approvals and achieving sales targets. The total fair value of consideration for the 2012 acquisitions was estimated at $422.2 million at the time of the acquisitions, which included the initial payments of $367.9 million in cash and the estimated fair value of the contingent consideration of $55.8 million, partially offset by a $1.5 million favorable working capital adjustment. Based upon the contingent consideration terms as of the respective acquisition dates, the range of undiscounted contingent consideration the Company could be required to pay is $2.0 million to $90.0 million. For further information on contingent consideration, see Note 9, “Fair Value Measurement.”

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Cash Flows from Operating Activities of Continuing Operations:
Net income (loss)	$ 69,874	$ (240,609)
Adjustments to reconcile net income to net cash provided by operating activities:
Loss from discontinued operations	1,228	3,762
Depreciation expense	19,876	17,148
Amortization expense of intangible assets	24,551	21,202
Amortization expense of deferred financing costs and debt discount	7,533	7,098
Stock-based compensation	5,766	4,003
In-process research and development impairment	4,494
Gain on sales of businesses and assets		(332)
Goodwill impairment		332,128
Deferred income taxes, net	(2,439)	(21,480)
Other	(20,260)	(2,771)
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:
Accounts receivable	(18,084)	(13,225)
Inventories	(29,354)	2,698
Prepaid expenses and other current assets	303	8,476
Accounts payable and accrued expenses	(1,558)	(5,192)
Income taxes receivable and payable, net	(7,093)	(23,668)
Net cash provided by operating activities from continuing operations	54,837	89,238
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment	(36,897)	(28,893)
Proceeds from sales of businesses and assets, net of cash sold		17,155
Investments in affiliates	(50)
Payments for businesses and intangibles acquired, net of cash acquired	(36,954)	(55,697)
Net cash used in investing activities from continuing operations	(73,901)	(67,435)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		(707)
Proceeds from stock compensation plans	5,298	4,091
Payments for contingent consideration	(9,487)	(6,930)
Payments to noncontrolling interest shareholders	(736)
Dividends	(27,944)	(27,756)
Net cash provided by (used in) financing activities from continuing operations	(32,869)	(31,302)
Cash Flows from Discontinued Operations:
Net cash used in operating activities	(1,437)	(8,191)
Net cash used in investing activities		(2,121)
Net cash used in discontinued operations	(1,437)	(10,312)
Effect of exchange rate changes on cash and cash equivalents	(2,251)	(19,286)
Net decrease in cash and cash equivalents	(55,621)	(39,097)
Cash and cash equivalents at the beginning of the period	337,039	584,088
Cash and cash equivalents at the end of the period	$ 281,418	$ 544,991

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Goodwill and Other Intangible Assets - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended			3 Months Ended			6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Dec. 31, 2012	Mar. 31, 2013 Axiom Technology Partners LLC	Jun. 30, 2013 Trade Names	Dec. 31, 2012 Trade Names	Jun. 30, 2013 Trade Names Taut
Finite-Lived Intangible Assets [Line Items]
In-process research and development charge			$ 4,494			$ 4,500
Finite lived intangible asset	1,327,494		1,327,494		1,310,464		381,367	384,131	4,500
Finite lived intangible asset useful life									8 years
Amortization expense of intangible assets	$ 12,100	$ 10,700	$ 24,551	$ 21,202

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Restructuring and Other Impairment Charges, Two Thousand Seven Integration Program (Detail) (2007 Arrow Integration Program, USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Dec. 31, 2012
2007 Arrow Integration Program
Restructuring Cost and Reserve [Line Items]
Facility closure costs	$ 55	$ 56	$ 135	$ 148
Contract termination costs				(2,023)	(2,000)
Restructuring charges	$ 55	$ 56	$ 135	$ (1,875)

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Divestiture-Related Activities - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 26, 2012	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of an asset held for sale			$ 300,000
Book value of Building sold		311,464,000		311,464,000		297,945,000
Retained liability expenses on divested business		1,000,000	1,200,000	1,800,000	200,000
Proceeds from sale of business	45,200,000
Gain from sale of business	39,000
Building
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Book value of Building sold			$ 0		$ 0

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Fair value measurement (Tables)

6 Months Ended

Jun. 30, 2013

Financial Assets and Liabilities Carried at Fair Value Measured on Recurring Basis

The following tables provide information regarding the financial assets and liabilities carried at fair value measured on a recurring basis as of June 30, 2013 and December 31, 2012:

	Total carrying value  at June 30, 2013		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	5,376	$	5,376	$	—	$	—
Derivative assets		466		—		466		—
Derivative liabilities		1,212		—		1,212		—
Contingent consideration liabilities		32,473		—		—		32,473

	Total carrying value  at December 31, 2012		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	4,785	$	4,785	$	—	$	—
Derivative assets		1,279		—		1,279		—
Derivative liabilities		598		—		598		—
Contingent consideration liabilities		51,196		—		—		51,196

Reconciliation of Changes in Level 3 Financial Liabilities Measured at Fair Value on Recurring Basis

The following table provides information regarding changes in Level 3 financial liabilities related to contingent consideration in connection with various Company acquisitions, including those described in Note 3, during the period ended June 30, 2013:

	Contingent consideration
	2013
	(Dollars in thousands)
Balance — January 1, 2013	$	51,196
Payment		(10,927	)
Revaluations		(7,757	)
Translation adjustment		(39	)
Balance — June 30, 2013	$	32,473

Fair Value of Debt

The following table provides the fair value of the Company’s debt by fair value hierarchy level as of June 30, 2013:

	Fair value of debt
	(Dollars in thousands)
Level 1	$	808,750
Level 2		378,855
Total	$	1,187,605

Valuation Technique and Inputs Used to Determine Fair Value of Assets or Liabilities

The following table provides information regarding the valuation techniques and inputs used in determining the fair value of assets or liabilities categorized as Level 3 measurements:

	Valuation Technique	Unobservable Input	Range (Weighted Average)
Contingent consideration	Discounted cash flow	Discount rate		2%-10% (6%)
		Probability of payment		0%-100% (45%)

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Condensed Consolidated Statements of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities from continuing operations	$ 54,837	$ 89,238
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment	(36,897)	(28,893)
Proceeds from sales of businesses and assets, net of cash sold		17,155
Investments in affiliates	(50)
Payments for businesses and intangibles acquired, net of cash acquired	(36,954)	(55,697)
Net cash (used in) provided by investing activities from continuing operations	(73,901)	(67,435)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		(707)
Proceeds from stock compensation plans	5,298	4,091
Payments for contingent consideration	(9,487)	(6,930)
Dividends	(27,944)	(27,756)
Payments to noncontrolling interest shareholders	(736)
Net cash provided by (used in) financing activities from continuing operations	(32,869)	(31,302)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities	(1,437)	(8,191)
Net cash used in investing activities		(2,121)
Net cash used in discontinued operations	(1,437)	(10,312)
Effect of exchange rate changes on cash and cash equivalents	(2,251)	(19,286)
Net (decrease) increase in cash and cash equivalents	(55,621)	(39,097)
Cash and cash equivalents at the beginning of the period	337,039	584,088
Cash and cash equivalents at the end of the period	281,418	544,991
Parent Company
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities from continuing operations	(61,271)	(76,757)
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment	(711)	(4,349)
Investments in affiliates	(50)
Net cash (used in) provided by investing activities from continuing operations	(761)	(4,349)
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from stock compensation plans	5,298	4,091
Dividends	(27,944)	(27,756)
Intercompany transactions	42,748	43,376
Net cash provided by (used in) financing activities from continuing operations	20,102	19,711
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities	(837)	(9,475)
Net cash used in discontinued operations	(837)	(9,475)
Net (decrease) increase in cash and cash equivalents	(42,767)	(70,870)
Cash and cash equivalents at the beginning of the period	70,860	114,531
Cash and cash equivalents at the end of the period	28,093	43,661
Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities from continuing operations	46,124	109,847
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment	(28,617)	(15,700)
Payments for businesses and intangibles acquired, net of cash acquired	1,500	(52,404)
Net cash (used in) provided by investing activities from continuing operations	(27,117)	(68,104)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		(421)
Payments for contingent consideration	(7,922)	(6,930)
Intercompany transactions	(13,074)	(33,555)
Net cash provided by (used in) financing activities from continuing operations	(20,996)	(40,906)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		1,284
Net cash used in investing activities		(2,121)
Net cash used in discontinued operations		(837)
Net (decrease) increase in cash and cash equivalents	(1,989)
Cash and cash equivalents at the beginning of the period	1,989
Non-Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities from continuing operations	69,984	56,148
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment	(7,569)	(8,844)
Proceeds from sales of businesses and assets, net of cash sold		17,155
Payments for businesses and intangibles acquired, net of cash acquired	(38,454)	(3,293)
Net cash (used in) provided by investing activities from continuing operations	(46,023)	5,018
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		(286)
Payments for contingent consideration	(1,565)
Payments to noncontrolling interest shareholders	(736)
Intercompany transactions	(29,674)	(9,821)
Net cash provided by (used in) financing activities from continuing operations	(31,975)	(10,107)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities	(600)
Net cash used in discontinued operations	(600)
Effect of exchange rate changes on cash and cash equivalents	(2,251)	(19,286)
Net (decrease) increase in cash and cash equivalents	(10,865)	31,773
Cash and cash equivalents at the beginning of the period	264,190	469,557
Cash and cash equivalents at the end of the period	$ 253,325	$ 501,330

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Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding (Parenthetical) (Detail)	Jun. 30, 2013
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Convertible senior notes percentage	3.875%

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Financial Assets and Liabilities Carried at Fair Value Measured on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments in marketable securities	$ 5,376	$ 4,785
Derivative assets	466	1,279
Derivative liabilities	1,212	598
Contingent consideration liabilities	32,473	51,196
Quoted Prices In Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments in marketable securities	5,376	4,785
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative assets	466	1,279
Derivative liabilities	1,212	598
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Contingent consideration liabilities	$ 32,473	$ 51,196

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Schedule of Operating Results of Operations Treated as Discontinued Operations (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended			6 Months Ended
	Jun. 30, 2013	Jul. 01, 2012		Jun. 30, 2013	Jul. 01, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues		$ 6,637			$ 13,827
Costs and other expenses	1,026	7,250		1,784	13,511
Goodwill impairment		9,700	[1]		9,700	[1]
Gain on disposition		2,264	[2]		2,264	[2]
Loss from discontinued operations before income taxes	(1,026)	(8,049)		(1,784)	(7,120)
Provision for income taxes	(260)	(3,682)		(556)	(3,358)
Loss from discontinued operations	(766)	(4,367)		(1,228)	(3,762)
Less: Income from discontinued operations attributable to noncontrolling interest
Loss from discontinued operations attributable to common shareholders	$ (766)	$ (4,367)		$ (1,228)	$ (3,762)

[1] During the second quarter of 2012, the Company recognized a non-cash goodwill impairment charge of $9.7 million to adjust the carrying value of the orthopedic business to its estimated fair value.

[2] The $2.3 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

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Changes in shareholders' equity

6 Months Ended

Jun. 30, 2013

Changes in shareholders' equity

Note 10 — 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 generated 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 (generally, the ratio of Consolidated Total Indebtedness to Consolidated EBITDA, as defined in the senior credit agreements) exceeds certain levels, which may limit the Company’s ability to repurchase shares under this Board authorization. Through June 30, 2013, 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				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Shares in thousands)
Basic		41,115		40,834		41,064		40,801
Dilutive effect of share based awards		374		221		384		—
Dilutive effect of 3.875% Convertible Notes and warrants		1,940		21		1,790		—
Diluted		43,429		41,076		43,238		40,801

The 3.875% Convertible Senior Subordinated Notes due 2017 are included in the dilutive net income per share calculation using the treasury stock method only during periods in which the average market price of our common stock was above the applicable conversion price of the Convertible Notes, or $61.32 per share, and, therefore, the impact of conversion would not be anti-dilutive. In these periods, under the treasury stock method, we calculated the number of shares issuable under the terms of these notes based on the average market price of the stock during the period, and included that number in the total diluted shares outstanding for the period.

In connection with the issuance of the Convertible Notes, the Company entered into convertible note hedge and warrant agreements. The convertible note hedge economically reduces the dilutive impact of the Convertible Notes. The Company separately analyzes the impact of the convertible note hedge and the warrant agreements on diluted weighted average shares outstanding. As a result, the purchases of the convertible note hedges are excluded because their impact would be anti-dilutive. The treasury stock method is applied when the warrants are in-the-money, assuming the proceeds from the exercise of the warrant are used to repurchase shares based on the average stock price during the period. The strike price of the warrants is approximately $74.65 per share of common stock. Shares issuable upon exercise of the warrants that were included in the total diluted shares outstanding were 0.4 million and 0.3 million for the three and six month periods ended June 30, 2013. The warrants had no dilutive impact for the three and six month periods ended July 1, 2012. The total number of shares that could potentially be included if the warrants were exercised is approximately 7.8 million at June 30, 2013.

Weighted average stock options that were antidilutive and therefore not included in the calculation of earnings per share was approximately 7.9 million for both the three and six month periods ended June 30, 2013, respectively, and approximately 8.8 million and 9.0 million for the three and six month periods ended July 1, 2012, respectively.

The following tables provide information relating to the changes in accumulated other comprehensive income (loss), net of tax, for the six months ended June 30, 2013 and July 1, 2012:

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2012	$	(381	)	$	(127,257	)	$	(4,410	)	$	(132,048	)
Other comprehensive income (loss) before reclassifications		362			(452	)		(32,654	)		(32,744	)
Amounts reclassified from accumulated other comprehensive income (loss)		(374	)		2,408			—			2,034
Net current-period other comprehensive income (loss)		(12	)		1,956			(32,654	)		(30,710	)
Balance at June 30, 2013	$	(393	)	$	(125,301	)	$	(37,064	)	$	(162,758	)

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2011	$	(7,257	)	$	(134,548	)	$	(17,548	)	$	(159,353	)
Other comprehensive income (loss) before reclassifications		157			33			(35,544	)		(35,354	)
Amounts reclassified from accumulated other comprehensive income		4,149			2,303			—			6,452
Net current-period other comprehensive income		4,306			2,336			(35,544	)		(28,902	)
Balance at July 1, 2012	$	(2,951	)	$	(132,212	)	$	(53,092	)	$	(188,255	)

The following table provides information relating to the reclassifications of losses/(gain) in accumulated other comprehensive income into expense/(income), net of tax, for the three and six months ended June 30, 2013 and July 1, 2012:

	Three Months Ended						Six Months Ended
	June  30, 2013			July 1, 2012			June  30, 2013			July 1, 2012
	(Dollars in thousands)
Gains and losses on cash flow hedges:
Interest Rate Contracts:
Interest expense	$	—		$	3,643		$	—		$	7,394
Foreign Exchange Contracts:
Cost of goods sold		(194	)		130			(696	)		(767	)
Total before tax		(194	)		3,773			(696	)		6,627
Tax expense		95			(1,391	)		322			(2,478	)
Net of tax	$	(99	)	$	2,382		$	(374	)	$	4,149
Amortization of pension and other postretirement benefits items:
Actuarial losses/(gains)(1)	$	1,618		$	1,708		$	3,764		$	3,418
Prior-service costs(1)		(6	)		(6	)		(11	)		(12	)
Transition obligation(1)		1			23			2			49
Settlement charge(1)		—			111			—			111
Total before tax		1,613			1,836			3,755			3,566
Tax expense		(660	)		(651	)		(1,347	)		(1,263	)
Net of tax	$	953		$	1,185		$	2,408		$	2,303
Total reclassifications, net of tax	$	854		$	3,567		$	2,034		$	6,452

(1) These accumulated other comprehensive income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 12, “Pension and other postretirement benefits” for additional information).

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Inventories, net

6 Months Ended

Jun. 30, 2013

Inventories, net

Note 6 — Inventories, net

Inventories as of June 30, 2013 and December 31, 2012 consisted of the following:

	June 30, 2013			December 31, 2012
	(Dollars in thousands)
Raw materials	$	89,516		$	84,636
Work-in-process		38,889			47,440
Finished goods		249,882			222,974
		378,287			355,050
Less: Inventory reserve		(29,679	)		(31,703	)
Inventories, net	$	348,608		$	323,347

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Accumulated Other Comprehensive Income (Loss) into Income Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jul. 01, 2012		Jun. 30, 2013		Jul. 01, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of goods sold	$ (210,569)		$ (198,968)		$ (421,926)		$ (395,421)
Income (loss) from continuing operations before taxes	49,483		46,988		84,851		(241,123)
Tax expense	(6,082)		278		(13,749)		4,276
Net of tax	43,401		47,266		71,102		(236,847)
Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total reclassifications, net of tax	854		3,567		2,034		6,452
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income (loss) from continuing operations before taxes	(194)		3,773		(696)		6,627
Tax expense	95		(1,391)		322		(2,478)
Net of tax	(99)		2,382		(374)		4,149
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | Interest Rate Contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest expense			3,643				7,394
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | Commodity Contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of goods sold	(194)		130		(696)		(767)
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Actuarial losses/(gains)	1,618	[1]	1,708	[1]	3,764	[1]	3,418	[1]
Prior-service costs	(6)	[1]	(6)	[1]	(11)	[1]	(12)	[1]
Transition obligation	1	[1]	23	[1]	2	[1]	49	[1]
Settlement charge			111	[1]			111	[1]
Income (loss) from continuing operations before taxes	1,613		1,836		3,755		3,566
Tax expense	(660)		(651)		(1,347)		(1,263)
Net of tax	$ 953		$ 1,185		$ 2,408		$ 2,303

[1] These accumulated other comprehensive income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 12, "Pension and other postretirement benefits" for additional information).

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Commitments and contingent liabilities

6 Months Ended

Jun. 30, 2013

Commitments and contingent liabilities

Note 13 — 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. As of June 30, 2013, the Company has recorded approximately $0.4 million in accrued liabilities related to warranties.

Operating leases: The Company uses various leased facilities and equipment in its operations. The terms for these leased assets vary depending on the terms of the applicable lease agreement. At June 30, 2013, the Company had no residual value guarantees related to its operating leases.

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, often referred to as Superfund, the U.S. Resource Conservation and Recovery Act 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, the regulatory agencies involved and their enforcement policies, as well as the presence or absence of other potentially responsible parties. At June 30, 2013, the Company has recorded approximately $2.2 million in accrued liabilities and approximately $6.7 million in other liabilities relating to these matters. Considerable uncertainty exists with respect to these liabilities and, if adverse changes in circumstances occur, potential liability may exceed the amount accrued as of June 30, 2013. 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, 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 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 June 30, 2013, the most significant tax examinations in process are in the U.S., Canada, the Czech Republic, Germany and Austria. In conjunction with these examinations and as a regular and routine practice, the Company may establish 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 the Company’s recorded tax liabilities, which could impact the Company’s financial results.

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

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Taxes on income from continuing operations

6 Months Ended

Jun. 30, 2013

Taxes on income from continuing operations

Note 11 — Taxes on income from continuing operations

	Three Months Ended				Six Months Ended
	June  30, 2013		July 1, 2012		June  30, 2013		July 1, 2012
Effective income tax rate		12.3%		(0.6)%		16.2%		1.8%

The effective income tax rate for the three months and six months ended June 30, 2013 was 12.3% and 16.2%, respectively, compared to (0.6)% and 1.8% for the three months and six months ended July 1, 2012, respectively. The effective tax rate for the three and six months ended June 30, 2013 was impacted by the realization of net tax benefits resulting from the resolution of a foreign tax matter and the expiration of statutes of limitation for a US state matter. The effective tax rate for the three months ended July 1, 2012 was impacted by (i) a $7.7 million tax benefit on the settlement of foreign tax audits and (ii) an approximate $5.0 million reduction in deferred tax liability resulting from a reduction in tax expense associated with potential future repatriation of non-permanently reinvested foreign earnings. In addition to the aforementioned items, the effective tax rate for the six months ended July 1, 2012, was also impacted by a $332 million goodwill impairment charge recorded in the first quarter of 2012, for which only $45 million was tax deductible.

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Jul. 19, 2013
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	TFX
Entity Registrant Name	TELEFLEX INC
Entity Central Index Key	0000096943
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		41,125,594

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Schedule of Operating Results of Operations Treated as Discontinued Operations (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jul. 01, 2012		Jul. 01, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill impairment	$ 9,700	[1]	$ 9,700	[1]
Gain (loss) on disposition	$ 2,264	[2]	$ 2,264	[2]

[1] During the second quarter of 2012, the Company recognized a non-cash goodwill impairment charge of $9.7 million to adjust the carrying value of the orthopedic business to its estimated fair value.

[2] The $2.3 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

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Pension and other postretirement benefits

6 Months Ended

Jun. 30, 2013

Pension and other postretirement benefits

Note 12 — 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. As of June 30, 2013, the Company’s U.S. defined benefit pension plans and the Company’s other postretirement benefit plans, except certain postretirement benefit plans covering employees subject to a collective bargaining agreement, are effectively frozen.

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						Postretirement Benefits Three  Months Ended				Pension Six Months Ended						Postretirement Benefits Six  Months Ended
	June  30, 2013			July 1, 2012			June  30, 2013		July 1, 2012		June  30, 2013			July 1, 2012			June  30, 2013		July 1, 2012
	(Dollars in thousands)
Service cost	$	464		$	711		$	161	$	158	$	929		$	1,389		$	325	$	316
Interest cost		4,142			4,125			542		473		8,281			8,251			1,541		946
Expected return on Plan assets		(5,774	)		(5,042	)		—		—		(11,544	)		(10,085	)		—		—
Net amortization and deferral		1,414			1,604			202		122		2,824			3,210			932		245
Settlement charge		—			(124	)		—		—		—			(124	)		—		—
Curtailment charge		—			111			—		—		—			111			—		—
Net benefit cost	$	246		$	1,385		$	905	$	753	$	490		$	2,752		$	2,798	$	1,507

The Company’s pension contributions are expected to be approximately $17.5 million during 2013, of which $1.9 million and $13.6 million were made during the three and six months ended June 30, 2013, respectively.

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Fair Value Measurement - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended								3 Months Ended
	Jun. 30, 2013	Jul. 01, 2012	Jun. 30, 2013	Jul. 01, 2012	Dec. 31, 2012	Jul. 16, 2013 Subsequent Event Senior Credit Facility	Sep. 30, 2013 Subsequent Event Senior Credit Facility Term Loan	Jul. 16, 2013 Subsequent Event Senior Credit Facility Term Loan	Jun. 30, 2013 Minimum	Jun. 30, 2013 Maximum	Apr. 01, 2012 Significant Unobservable Inputs (Level 3)
Fair Value Measurements [Line Items]
Reversal of contingent consideration	$ 6,600,000		$ 8,100,000
Carrying amount of long-term debt	970,825,000		970,825,000		965,280,000
Credit facility						775,000,000	375,000,000	375,000,000
Goodwill impairment		332,000,000		332,128,000							332,000,000
Fair value of contingent consideration liability associated with future milestone									5,000,000	84,900,000
Contingent consideration	32,500,000		32,500,000
Current contingent consideration	12,400,000		12,400,000
Other liabilities	$ 20,100,000		$ 20,100,000

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Reconciliation of Changes in Level Three Financial Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 51,196
Payment	(10,927)
Revaluations	(7,757)
Translation adjustment	(39)
Ending balance	$ 32,473

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Subsequent Event - Additional Information (Detail) (Subsequent Event, USD $) In Millions, unless otherwise specified	1 Months Ended											1 Months Ended
	Jul. 16, 2013	Jul. 16, 2013 Prime Rate Minimum	Jul. 16, 2013 Prime Rate Maximum	Jul. 16, 2013 Libor Rate Plus	Jul. 16, 2013 Libor Rate Plus Minimum	Jul. 16, 2013 Libor Rate Plus Maximum	Jul. 16, 2013 Rate Spread	Jul. 16, 2013 Senior Credit Facility	Sep. 30, 2013 Senior Credit Facility Term Loan	Jul. 16, 2013 Senior Credit Facility Term Loan	Jul. 16, 2013 Senior Credit Facility Revolving Credit Facility	Jul. 16, 2013 New Senior Credit Facility	Jul. 16, 2013 New Senior Credit Facility Revolving Credit Facility
Subsequent Event [Line Items]
Credit facility								$ 775	$ 375	$ 375	$ 400		$ 850
Transaction fee												6.4
Transaction fees recorded as Deferred asset												6.4
Amortization of debt issuance costs												$ 1.3
Federal funds effective rate plus	0.50%
Prime rate or one month LIBOR plus	1.00%
Applicable margin		0.25%	1.00%		1.25%	2.00%
Senior credit facility interest rate	1.94%			0.19%			1.75%