Business segment information (Tables)

6 Months Ended

Jun. 30, 2013

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

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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