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SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2014
SEGMENT INFORMATION |
Financial information regarding the Company's reportable segments |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Total Revenue: |  |  |  |  |  |  |  |  |
Beauty + Home |  | $ | 384,604 |  | $ | 379,250 |  | $ | 1,174,359 |  | $ | 1,125,261 |
Pharma |  | 179,191 |  | 172,360 |  | 569,230 |  | 524,248 |
Food + Beverage |  | 94,118 |  | 75,531 |  | 274,936 |  | 244,434 |
Total Revenue |  | 657,913 |  | 627,141 |  | 2,018,525 |  | 1,893,943 |
Less: Intersegment Sales: |  |  |  |  |  |  |  |  |
Beauty + Home |  | $ | 5,699 |  | $ | 3,199 |  | $ | 18,992 |  | $ | 10,754 |
Pharma |  | -- |  | 90 |  | -- |  | 178 |
Food + Beverage |  | 272 |  | 208 |  | 909 |  | 293 |
Total Intersegment Sales |  | $ | 5,971 |  | $ | 3,497 |  | $ | 19,901 |  | $ | 11,225 |
Net Sales: |  |  |  |  |  |  |  |  |
Beauty + Home |  | $ | 378,905 |  | $ | 376,051 |  | $ | 1,155,367 |  | $ | 1,114,507 |
Pharma |  | 179,191 |  | 172,270 |  | 569,230 |  | 524,070 |
Food + Beverage |  | 93,846 |  | 75,323 |  | 274,027 |  | 244,141 |
Net Sales |  | $ | 651,942 |  | $ | 623,644 |  | $ | 1,998,624 |  | $ | 1,882,718 |
Segment Income: |  |  |  |  |  |  |  |  |
Beauty + Home |  | $ | 25,399 |  | $ | 30,943 |  | $ | 80,378 |  | $ | 85,697 |
Pharma |  | 49,314 |  | 44,737 |  | 154,589 |  | 141,154 |
Food + Beverage |  | 11,713 |  | 7,688 |  | 33,209 |  | 28,102 |
Restructuring Initiatives and |  |  |  |  |  |  |  |  |
Related Depreciation (1) |  | -- |  | (2,664 | ) | -- |  | (10,257 | )
Corporate & Other |  | (8,364 | ) | (8,113 | ) | (28,664 | ) | (27,605 | )
Income before interest and taxes |  | $ | 78,062 |  | $ | 72,591 |  | $ | 239,512 |  | $ | 217,091 |
Interest expense, net |  | (3,946 | ) | (4,265 | ) | (12,010 | ) | (13,093 | )
Income before income taxes |  | $ | 74,116 |  | $ | 68,326 |  | $ | 227,502 |  | $ | 203,998 |
| (1) |  | Restructuring Initiatives and Related Depreciation includes the following income/(expense) items for the three and nine months ended September 30, 2014:
Restructuring Initiatives and Related Depreciation Expense |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
European Restructuring Plan |  |  |  |  |  |  |  |  |
Depreciation |  | $ | -- |  | $ | 484 |  | $ | -- |  | $ | 1,499 |
Employee Severance and Other Costs |  | -- |  | 2,180 |  | -- |  | 8,802 |
Prior Year Initiatives |  | -- |  | -- |  | -- |  | (44 | )
Total Restructuring Initiatives and Related Depreciation Expense |  | $ | -- |  | $ | 2,664 |  | $ | -- |  | $ | 10,257 |
Restructuring Initiatives and Related Depreciation Expense by Segment |  |  |  |  |
Beauty + Home |  | $ | -- |  | $ | 2,664 |  | $ | -- |  | $ | 10,280 |
Pharma |  | -- |  | -- |  | -- |  | -- |
Food + Beverage |  | -- |  | -- |  | -- |  | (23 | )
Total Restructuring Initiatives and Related Depreciation Expense |  | $ | -- |  | $ | 2,664 |  | $ | -- |  | $ | 10,257 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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