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Condensed Consolidated Guarantor Financial Information (Tables)

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 26, 2011

Jun. 27, 2010

Jun. 26, 2011

Jun. 27, 2010

Dec. 31, 2010

Condensed Consolidated Guarantor Financial Information

Schedule Of Financial Statements

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF INCOME


	Three Months Ended June 26, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	247,041		$	207,603		$	(63,358	)	$	391,286
Cost of goods sold		—			153,110			115,181			(61,037	)		207,254

Gross profit		—			93,931			92,422			(2,321	)		184,032
Selling, general and administrative expenses		10,526			62,991			38,296			(62	)		111,751
Research and development expenses		—			10,057			2,399			—			12,456
Restructuring and other impairment charges		11			1,270			1,895			—			3,176

Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes		(10,537	)		19,613			49,832			(2,259	)		56,649
Interest expense		28,787			(13,134	)		132			—			15,785
Interest income		(112	)		(18	)		(123	)		—			(253	)
Loss on extinguishments of debt		816			—			—			—			816

Income (loss) from continuing operations before taxes		(40,028	)		32,765			49,823			(2,259	)		40,301
Taxes (benefit) on income from continuing operations		(16,404	)		11,881			12,915			322			8,714
Equity in net income of consolidated subsidiaries		61,983			39,081			—			(101,064	)		—

Income from continuing operations		38,359			59,965			36,908			(103,645	)		31,587

Operating income from discontinued operations		(12,844	)		(1,652	)		10,136			—			(4,360	)
Taxes (benefit) on income from discontinued operations		(8,555	)		(1,443	)		2,738			—			(7,260	)

Income from discontinued operations		(4,289	)		(209	)		7,398			—			2,900

Net income		34,070			59,756			44,306			(103,645	)		34,487
Less: Income from continuing operations attributable to noncontrolling interests		—			—			258			—			258
Income from discontinued operations attributable to noncontrolling interest		—			—			159			—			159

Net income attributable to common shareholders	$	34,070		$	59,756		$	43,889		$	(103,645	)	$	34,070


	Three Months Ended June 27, 2010
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	236,412		$	188,112		$	(66,097	)	$	358,427
Cost of goods sold		—			134,139			115,488			(65,501	)		184,126

Gross profit		—			102,273			72,624			(596	)		174,301
Selling, general and administrative expenses		9,568			59,006			31,211			(17	)		99,768
Research and development expenses		—			8,822			1,466			—			10,288
Restructuring and other impairment charges		—			508			(433	)		—			75

Income (loss) from continuing operations before interest and taxes		(9,568	)		33,937			40,380			(579	)		64,170
Interest expense		33,477			(19,256	)		5,313			—			19,534
Interest income		1			(37	)		(114	)		—			(150	)

Income (loss) from continuing operations before taxes		(43,046	)		53,230			35,181			(579	)		44,786
Taxes (benefit) on income from continuing operations		(16,977	)		17,871			9,861			1,685			12,440
Equity in net income of consolidated subsidiaries		69,570			(936	)		—			(68,634	)		—

Income from continuing operations		43,501			34,423			25,320			(70,898	)		32,346

Operating income (loss) from discontinued operations		27,720			(16	)		17,908			22			45,634
Taxes on income from discontinued operations		11,073			547			5,834			—			17,454

Income (loss) from discontinued operations		16,647			(563	)		12,074			22			28,180

Net income		60,148			33,860			37,394			(70,876	)		60,526
Less: Income from continuing operations attributable to noncontrolling interests		—			—			259			—			259
Income from discontinued operations attributable to noncontrolling interest		—			—			119			—			119

Net income attributable to common shareholders	$	60,148		$	33,860		$	37,016		$	(70,876	)	$	60,148


	Six Months Ended June 26, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	473,867		$	389,461		$	(118,038	)	$	745,290
Cost of goods sold		—			290,532			221,715			(115,493	)		396,754

Gross profit		—			183,335			167,746			(2,545	)		348,536
Selling, general and administrative expenses		20,095			122,456			71,992			594			215,137
Research and development expenses		—			19,441			4,053			—			23,494
Restructuring and other impairment charges		11			1,858			1,902			—			3,771

Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes		(20,106	)		39,580			89,799			(3,139	)		106,134
Interest expense		59,871			(28,147	)		207			—			31,931
Interest income		(114	)		(41	)		(203	)		—			(358	)
Loss on extinguishments of debt		15,413			—			—			—			15,413

Income (loss) from continuing operations before taxes		(95,276	)		67,768			89,795			(3,139	)		59,148
Taxes (benefit) on income from continuing operations		(35,536	)		25,742			24,390			(1,032	)		13,564
Equity in net income of consolidated subsidiaries		197,064			112,120			—			(309,184	)		—

Income from continuing operations		137,324			154,146			65,405			(311,291	)		45,584

Operating income from discontinued operations		(50,608	)		37,759			72,425			—			59,576
Taxes (benefit) on income from discontinued operations		(25,166	)		4,888			12,757			—			(7,521	)

Income from discontinued operations		(25,442	)		32,871			59,668			—			67,097

Net income		111,882			187,017			125,073			(311,291	)		112,681
Less: Income from continuing operations attributable to noncontrolling interests		—			—			481			—			481
Income from discontinued operations attributable to noncontrolling interest		—			—			318			—			318

Net income attributable to common shareholders	$	111,882		$	187,017		$	124,274		$	(311,291	)	$	111,882


	Six Months Ended June 27, 2010
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	455,697		$	372,886		$	(126,619	)	$	701,964
Cost of goods sold		—			255,843			221,759			(120,750	)		356,852

Gross profit		—			199,854			151,127			(5,869	)		345,112
Selling, general and administrative expenses		17,297			115,510			62,257			355			195,419
Research and development expenses		—			16,982			2,617			—			19,599
Restructuring and other impairment charges		—			806			(268	)		—			538

Income (loss) from continuing operations before interest and taxes		(17,297	)		66,556			86,521			(6,224	)		129,556
Interest expense		65,430			(37,405	)		10,429			—			38,454
Interest income		2			(79	)		(279	)		—			(356	)

Income (loss) from continuing operations before taxes		(82,729	)		104,040			76,371			(6,224	)		91,458
Taxes (benefit) on income from continuing operations		(31,023	)		37,928			21,896			(2,438	)		26,363
Equity in net income of consolidated subsidiaries		135,685			19,512			—			(155,197	)		—

Income from continuing operations		83,979			85,624			54,475			(158,983	)		65,095

Operating income from discontinued operations		23,313			13,006			23,841			(151	)		60,009
Taxes on income from discontinued operations		9,472			9,460			7,688			—			26,620

Income from discontinued operations		13,841			3,546			16,153			(151	)		33,389

Net income		97,820			89,170			70,628			(159,134	)		98,484
Less: Income from continuing operations attributable to noncontrolling interests		—			—			431			—			431
Income from discontinued operations attributable to noncontrolling interest		—			—			233			—			233

Net income attributable to common shareholders	$	97,820		$	89,170		$	69,964		$	(159,134	)	$	97,820

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS


	June 26, 2011
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	176,973	$	—	$	188,836	$	—		$	365,809
Accounts receivable, net		1,133		297,739		447,724		(463,415	)		283,181
Inventories, net		—		187,849		118,904		(12,931	)		293,822
Prepaid expenses and other current assets		5,440		2,921		22,219		—			30,580
Income taxes receivable		15,903		—		9,176		—			25,079
Deferred tax assets		10,857		15,292		9,853		(1,005	)		34,997
Assets held for sale		—		2,738		112,722		—			115,460

Total current assets		210,306		506,539		909,434		(477,351	)		1,148,928
Property, plant and equipment, net		5,936		146,176		103,141		—			255,253
Goodwill		—		956,705		518,731		—			1,475,436
Intangibles assets, net		—		704,277		213,275		—			917,552
Investments in affiliates		5,084,928		622,188		21,167		(5,725,999	)		2,284
Deferred tax assets		48,682		—		—		(48,306	)		376
Other assets		43,587		2,383,938		502,028		(2,851,150	)		78,403

Total assets	$	5,393,439	$	5,319,823	$	2,267,776	$	(9,102,806	)	$	3,878,232


LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	29,700	$	—		$	29,700
Accounts payable		95,527		356,972		81,543		(466,484	)		67,558
Accrued expenses		31,246		22,376		61,131		—			114,753
Payroll and benefit-related liabilities		25,227		12,330		31,098		—			68,655
Derivative liabilities		15,498		—		—		—			15,498
Accrued interest		13,355		—		—		—			13,355
Income taxes payable		—		—		3,786		—			3,786
Deferred tax liabilities		—		—		10,629		(5,482	)		5,147
Liabilities held for sale		—		—		45,827		—			45,827

Total current liabilities		180,853		391,678		263,714		(471,966	)		364,279
Long-term borrowings		949,866		—		—		—			949,866
Deferred tax liabilities		—		363,391		72,994		(43,828	)		392,557
Pension and postretirement benefit liabilities		66,231		31,242		17,438		—			114,911
Noncurrent liability for uncertain tax positions		11,831		16,490		36,684		—			65,005
Other liabilities		2,239,033		5,619		650,693		(2,854,068	)		41,277

Total liabilities		3,447,814		808,420		1,041,523		(3,369,862	)		1,927,895
Total common shareholders' equity		1,945,625		4,511,403		1,221,541		(5,732,944	)		1,945,625
Noncontrolling interest		—		—		4,712		—			4,712

Total equity		1,945,625		4,511,403		1,221,541		(5,732,944	)		1,950,337

Total liabilities and equity	$	5,393,439	$	5,319,823	$	2,267,776	$	(9,102,806	)	$	3,878,232


	December 31, 2010
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	22,632	$	—	$	185,820	$	—		$	208,452
Accounts receivable, net		16,163		643,931		484,333		(850,231	)		294,196
Inventories, net		4,007		184,620		160,646		(10,675	)		338,598
Prepaid expenses and other current assets		7,607		3,105		15,436		2,683			28,831
Income taxes receivable		6,982		—		3,591		(6,685	)		3,888
Deferred tax assets		3,953		24,610		10,746		—			39,309
Assets held for sale		—		2,745		5,214		—			7,959

Total current assets		61,344		859,011		865,786		(864,908	)		921,233
Property, plant and equipment, net		9,511		150,139		128,055		—			287,705
Goodwill		—		943,656		498,755		—			1,442,411
Intangibles assets, net		—		694,186		224,336		—			918,522
Investments in affiliates		4,863,996		607,815		22,561		(5,489,473	)		4,899
Deferred tax assets		41,200		—		2,620		(43,462	)		358
Other assets		38,962		2,128,048		429,623		(2,528,606	)		68,027

Total assets	$	5,015,013	$	5,382,855	$	2,171,736	$	(8,926,449	)	$	3,643,155


LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	72,500	$	—	$	31,211	$	—		$	103,711
Accounts payable		1,664		614,494		322,582		(853,894	)		84,846
Accrued expenses		20,634		22,477		74,377		—			117,488
Payroll and benefit-related liabilities		23,752		11,657		36,009		—			71,418
Derivative liabilities		15,634		—		—		—			15,634
Accrued interest		18,247		—		100		—			18,347
Income taxes payable		—		—		11,632		(6,746	)		4,886
Deferred tax liabilities		—		—		4,433		—			4,433
Liabilities held for sale		—		—		—		—			—

Total current liabilities		152,431		648,628		480,344		(860,640	)		420,763
Long-term borrowings		813,409		—		—		—			813,409
Deferred tax liabilities		—		348,603		65,676		(43,460	)		370,819
Pension and postretirement benefit liabilities		90,391		31,472		19,906		—			141,769
Noncurrent liability for uncertain tax positions		9,771		19,877		32,954		—			62,602
Other liabilities		2,165,635		25		408,604		(2,527,749	)		46,515

Total liabilities		3,231,637		1,048,605		1,007,484		(3,431,849	)		1,855,877
Total common shareholders' equity		1,783,376		4,334,250		1,160,350		(5,494,600	)		1,783,376
Noncontrolling interest		—		—		3,902		—			3,902

Total equity		1,783,376		4,334,250		1,164,252		(5,494,600	)		1,787,278

Total liabilities and equity	$	5,015,013	$	5,382,855	$	2,171,736	$	(8,926,449	)	$	3,643,155

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS


	Six Months Ended June 26, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(80,269	)	$	82,500		$	37,403		$	39,634

Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(154	)		(10,127	)		(4,996	)		(15,277	)
Proceeds from sales of businesses and assets, net of cash sold		—			62,044			38,872			100,916
Payments for businesses and intangibles acquired, net of cash acquired		—			(30,570	)		—			(30,570	)

Net cash (used in) provided by investing activities from continuing operations		(154	)		21,347			33,876			55,069

Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		515,000			—			—			515,000
Repayment in long-term borrowings		(455,800	)		—			—			(455,800	)
Debt and equity issuance and amendment costs		(19,058	)		—			—			(19,058	)
Proceeds from stock compensation plans		30,577			—			—			30,577
Dividends		(27,438	)		—			—			(27,438	)
Intercompany transactions		192,478			(103,847	)		(88,631	)		—

Net cash provided by (used in) financing activities from continuing operations		235,759			(103,847	)		(88,631	)		43,281

Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(992	)		—			14,060			13,068
Net cash used in investing activities		(3	)		—			(1,238	)		(1,241	)

Net cash (used in) provided by discontinued operations		(995	)		—			12,822			11,827

Effect of exchange rate changes on cash and cash equivalents		—			—			7,546			7,546

Net increase in cash and cash equivalents		154,341			—			3,016			157,357
Cash and cash equivalents at the beginning of the period		22,632			—			185,820			208,452

Cash and cash equivalents at the end of the period	$	176,973		$	—		$	188,836		$	365,809


	Six Months Ended June 27, 2010
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(58,649	)	$	123,477		$	14,908		$	79,736

Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(1,096	)		(9,704	)		(2,858	)		(13,658	)
Proceeds from sales of businesses and assets, net of cash sold		50,000			24,734			—			74,734
Payments for businesses and intangibles acquired, net of cash acquired		—			—			(81	)		(81	)

Net cash provided by (used in) investing activities from continuing operations		48,904			15,030			(2,939	)		60,995

Cash Flows from Financing Activities of Continuing Operations:
Repayment in long-term borrowings		(64,170	)		—			—			(64,170	)
Increase in notes payable and current borrowings		39,700			—			—			39,700
Proceeds from stock compensation plans		8,032			—			—			8,032
Payments to noncontrolling interest shareholders		—			—			(637	)		(637	)
Dividends		(27,120	)		—			—			(27,120	)
Intercompany transactions		133,320			(138,507	)		5,187			—

Net cash provided by (used in) financing activities from continuing operations		89,762			(138,507	)		4,550			(44,195	)

Cash Flows from Discontinued Operations:
Net cash provided by operating activities		3,315			—			16,423			19,738
Net cash used in investing activities		(182	)		—			(1,664	)		(1,846	)

Net cash provided by discontinued operations		3,133			—			14,759			17,892

Effect of exchange rate changes on cash and cash equivalents		—			—			(15,604	)		(15,604	)

Net increase in cash and cash equivalents		83,150			—			15,674			98,824
Cash and cash equivalents at the beginning of the period		31,777			—			156,528			188,305

Cash and cash equivalents at the end of the period	$	114,927		$	—		$	172,202		$	287,129

Statements Of Income


	Three Months Ended June 26, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	247,041		$	207,603		$	(63,358	)	$	391,286
Cost of goods sold		—			153,110			115,181			(61,037	)		207,254

Gross profit		—			93,931			92,422			(2,321	)		184,032
Selling, general and administrative expenses		10,526			62,991			38,296			(62	)		111,751
Research and development expenses		—			10,057			2,399			—			12,456
Restructuring and other impairment charges		11			1,270			1,895			—			3,176

Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes		(10,537	)		19,613			49,832			(2,259	)		56,649
Interest expense		28,787			(13,134	)		132			—			15,785
Interest income		(112	)		(18	)		(123	)		—			(253	)
Loss on extinguishments of debt		816			—			—			—			816

Income (loss) from continuing operations before taxes		(40,028	)		32,765			49,823			(2,259	)		40,301
Taxes (benefit) on income from continuing operations		(16,404	)		11,881			12,915			322			8,714
Equity in net income of consolidated subsidiaries		61,983			39,081			—			(101,064	)		—

Income from continuing operations		38,359			59,965			36,908			(103,645	)		31,587

Operating income from discontinued operations		(12,844	)		(1,652	)		10,136			—			(4,360	)
Taxes (benefit) on income from discontinued operations		(8,555	)		(1,443	)		2,738			—			(7,260	)

Income from discontinued operations		(4,289	)		(209	)		7,398			—			2,900

Net income		34,070			59,756			44,306			(103,645	)		34,487
Less: Income from continuing operations attributable to noncontrolling interests		—			—			258			—			258
Income from discontinued operations attributable to noncontrolling interest		—			—			159			—			159

Net income attributable to common shareholders	$	34,070		$	59,756		$	43,889		$	(103,645	)	$	34,070


	Three Months Ended June 27, 2010
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	236,412		$	188,112		$	(66,097	)	$	358,427
Cost of goods sold		—			134,139			115,488			(65,501	)		184,126

Gross profit		—			102,273			72,624			(596	)		174,301
Selling, general and administrative expenses		9,568			59,006			31,211			(17	)		99,768
Research and development expenses		—			8,822			1,466			—			10,288
Restructuring and other impairment charges		—			508			(433	)		—			75

Income (loss) from continuing operations before interest and taxes		(9,568	)		33,937			40,380			(579	)		64,170
Interest expense		33,477			(19,256	)		5,313			—			19,534
Interest income		1			(37	)		(114	)		—			(150	)

Income (loss) from continuing operations before taxes		(43,046	)		53,230			35,181			(579	)		44,786
Taxes (benefit) on income from continuing operations		(16,977	)		17,871			9,861			1,685			12,440
Equity in net income of consolidated subsidiaries		69,570			(936	)		—			(68,634	)		—

Income from continuing operations		43,501			34,423			25,320			(70,898	)		32,346

Operating income (loss) from discontinued operations		27,720			(16	)		17,908			22			45,634
Taxes on income from discontinued operations		11,073			547			5,834			—			17,454

Income (loss) from discontinued operations		16,647			(563	)		12,074			22			28,180

Net income		60,148			33,860			37,394			(70,876	)		60,526
Less: Income from continuing operations attributable to noncontrolling interests		—			—			259			—			259
Income from discontinued operations attributable to noncontrolling interest		—			—			119			—			119

Net income attributable to common shareholders	$	60,148		$	33,860		$	37,016		$	(70,876	)	$	60,148


	Six Months Ended June 26, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	473,867		$	389,461		$	(118,038	)	$	745,290
Cost of goods sold		—			290,532			221,715			(115,493	)		396,754

Gross profit		—			183,335			167,746			(2,545	)		348,536
Selling, general and administrative expenses		20,095			122,456			71,992			594			215,137
Research and development expenses		—			19,441			4,053			—			23,494
Restructuring and other impairment charges		11			1,858			1,902			—			3,771

Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes		(20,106	)		39,580			89,799			(3,139	)		106,134
Interest expense		59,871			(28,147	)		207			—			31,931
Interest income		(114	)		(41	)		(203	)		—			(358	)
Loss on extinguishments of debt		15,413			—			—			—			15,413

Income (loss) from continuing operations before taxes		(95,276	)		67,768			89,795			(3,139	)		59,148
Taxes (benefit) on income from continuing operations		(35,536	)		25,742			24,390			(1,032	)		13,564
Equity in net income of consolidated subsidiaries		197,064			112,120			—			(309,184	)		—

Income from continuing operations		137,324			154,146			65,405			(311,291	)		45,584

Operating income from discontinued operations		(50,608	)		37,759			72,425			—			59,576
Taxes (benefit) on income from discontinued operations		(25,166	)		4,888			12,757			—			(7,521	)

Income from discontinued operations		(25,442	)		32,871			59,668			—			67,097

Net income		111,882			187,017			125,073			(311,291	)		112,681
Less: Income from continuing operations attributable to noncontrolling interests		—			—			481			—			481
Income from discontinued operations attributable to noncontrolling interest		—			—			318			—			318

Net income attributable to common shareholders	$	111,882		$	187,017		$	124,274		$	(311,291	)	$	111,882


	Six Months Ended June 27, 2010
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	455,697		$	372,886		$	(126,619	)	$	701,964
Cost of goods sold		—			255,843			221,759			(120,750	)		356,852

Gross profit		—			199,854			151,127			(5,869	)		345,112
Selling, general and administrative expenses		17,297			115,510			62,257			355			195,419
Research and development expenses		—			16,982			2,617			—			19,599
Restructuring and other impairment charges		—			806			(268	)		—			538

Income (loss) from continuing operations before interest and taxes		(17,297	)		66,556			86,521			(6,224	)		129,556
Interest expense		65,430			(37,405	)		10,429			—			38,454
Interest income		2			(79	)		(279	)		—			(356	)

Income (loss) from continuing operations before taxes		(82,729	)		104,040			76,371			(6,224	)		91,458
Taxes (benefit) on income from continuing operations		(31,023	)		37,928			21,896			(2,438	)		26,363
Equity in net income of consolidated subsidiaries		135,685			19,512			—			(155,197	)		—

Income from continuing operations		83,979			85,624			54,475			(158,983	)		65,095

Operating income from discontinued operations		23,313			13,006			23,841			(151	)		60,009
Taxes on income from discontinued operations		9,472			9,460			7,688			—			26,620

Income from discontinued operations		13,841			3,546			16,153			(151	)		33,389

Net income		97,820			89,170			70,628			(159,134	)		98,484
Less: Income from continuing operations attributable to noncontrolling interests		—			—			431			—			431
Income from discontinued operations attributable to noncontrolling interest		—			—			233			—			233

Net income attributable to common shareholders	$	97,820		$	89,170		$	69,964		$	(159,134	)	$	97,820

Balance Sheets


	June 26, 2011
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	176,973	$	—	$	188,836	$	—		$	365,809
Accounts receivable, net		1,133		297,739		447,724		(463,415	)		283,181
Inventories, net		—		187,849		118,904		(12,931	)		293,822
Prepaid expenses and other current assets		5,440		2,921		22,219		—			30,580
Income taxes receivable		15,903		—		9,176		—			25,079
Deferred tax assets		10,857		15,292		9,853		(1,005	)		34,997
Assets held for sale		—		2,738		112,722		—			115,460

Total current assets		210,306		506,539		909,434		(477,351	)		1,148,928
Property, plant and equipment, net		5,936		146,176		103,141		—			255,253
Goodwill		—		956,705		518,731		—			1,475,436
Intangibles assets, net		—		704,277		213,275		—			917,552
Investments in affiliates		5,084,928		622,188		21,167		(5,725,999	)		2,284
Deferred tax assets		48,682		—		—		(48,306	)		376
Other assets		43,587		2,383,938		502,028		(2,851,150	)		78,403

Total assets	$	5,393,439	$	5,319,823	$	2,267,776	$	(9,102,806	)	$	3,878,232


LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	29,700	$	—		$	29,700
Accounts payable		95,527		356,972		81,543		(466,484	)		67,558
Accrued expenses		31,246		22,376		61,131		—			114,753
Payroll and benefit-related liabilities		25,227		12,330		31,098		—			68,655
Derivative liabilities		15,498		—		—		—			15,498
Accrued interest		13,355		—		—		—			13,355
Income taxes payable		—		—		3,786		—			3,786
Deferred tax liabilities		—		—		10,629		(5,482	)		5,147
Liabilities held for sale		—		—		45,827		—			45,827

Total current liabilities		180,853		391,678		263,714		(471,966	)		364,279
Long-term borrowings		949,866		—		—		—			949,866
Deferred tax liabilities		—		363,391		72,994		(43,828	)		392,557
Pension and postretirement benefit liabilities		66,231		31,242		17,438		—			114,911
Noncurrent liability for uncertain tax positions		11,831		16,490		36,684		—			65,005
Other liabilities		2,239,033		5,619		650,693		(2,854,068	)		41,277

Total liabilities		3,447,814		808,420		1,041,523		(3,369,862	)		1,927,895
Total common shareholders' equity		1,945,625		4,511,403		1,221,541		(5,732,944	)		1,945,625
Noncontrolling interest		—		—		4,712		—			4,712

Total equity		1,945,625		4,511,403		1,226,253		(5,732,944	)		1,950,337

Total liabilities and equity	$	5,393,439	$	5,319,823	$	2,267,776	$	(9,102,806	)	$	3,878,232


	December 31, 2010
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	22,632	$	—	$	185,820	$	—		$	208,452
Accounts receivable, net		16,163		643,931		484,333		(850,231	)		294,196
Inventories, net		4,007		184,620		160,646		(10,675	)		338,598
Prepaid expenses and other current assets		7,607		3,105		15,436		2,683			28,831
Income taxes receivable		6,982		—		3,591		(6,685	)		3,888
Deferred tax assets		3,953		24,610		10,746		—			39,309
Assets held for sale		—		2,745		5,214		—			7,959

Total current assets		61,344		859,011		865,786		(864,908	)		921,233
Property, plant and equipment, net		9,511		150,139		128,055		—			287,705
Goodwill		—		943,656		498,755		—			1,442,411
Intangibles assets, net		—		694,186		224,336		—			918,522
Investments in affiliates		4,863,996		607,815		22,561		(5,489,473	)		4,899
Deferred tax assets		41,200		—		2,620		(43,462	)		358
Other assets		38,962		2,128,048		429,623		(2,528,606	)		68,027

Total assets	$	5,015,013	$	5,382,855	$	2,171,736	$	(8,926,449	)	$	3,643,155


LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	72,500	$	—	$	31,211	$	—		$	103,711
Accounts payable		1,664		614,494		322,582		(853,894	)		84,846
Accrued expenses		20,634		22,477		74,377		—			117,488
Payroll and benefit-related liabilities		23,752		11,657		36,009		—			71,418
Derivative liabilities		15,634		—		—		—			15,634
Accrued interest		18,247		—		100		—			18,347
Income taxes payable		—		—		11,632		(6,746	)		4,886
Deferred tax liabilities		—		—		4,433		—			4,433
Liabilities held for sale		—		—		—		—			—

Total current liabilities		152,431		648,628		480,344		(860,640	)		420,763
Long-term borrowings		813,409		—		—		—			813,409
Deferred tax liabilities		—		348,603		65,676		(43,460	)		370,819
Pension and postretirement benefit liabilities		90,391		31,472		19,906		—			141,769
Noncurrent liability for uncertain tax positions		9,771		19,877		32,954		—			62,602
Other liabilities		2,165,635		25		408,604		(2,527,749	)		46,515

Total liabilities		3,231,637		1,048,605		1,007,484		(3,431,849	)		1,855,877
Total common shareholders' equity		1,783,376		4,334,250		1,160,350		(5,494,600	)		1,783,376
Noncontrolling interest		—		—		3,902		—			3,902

Total equity		1,783,376		4,334,250		1,164,252		(5,494,600	)		1,787,278

Total liabilities and equity	$	5,015,013	$	5,382,855	$	2,171,736	$	(8,926,449	)	$	3,643,155

Statements Of Cash Flows


	Six Months Ended June 26, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(80,269	)	$	82,500		$	37,403		$	39,634

Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(154	)		(10,127	)		(4,996	)		(15,277	)
Proceeds from sales of businesses and assets, net of cash sold		—			62,044			38,872			100,916
Payments for businesses and intangibles acquired, net of cash acquired		—			(30,570	)		—			(30,570	)

Net cash (used in) provided by investing activities from continuing operations		(154	)		21,347			33,876			55,069

Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		515,000			—			—			515,000
Repayment in long-term borrowings		(455,800	)		—			—			(455,800	)
Debt and equity issuance and amendment costs		(19,058	)		—			—			(19,058	)
Proceeds from stock compensation plans		30,577			—			—			30,577
Dividends		(27,438	)		—			—			(27,438	)
Intercompany transactions		192,478			(103,847	)		(88,631	)		—

Net cash provided by (used in) financing activities from continuing operations		235,759			(103,847	)		(88,631	)		43,281

Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(992	)		—			14,060			13,068
Net cash used in investing activities		(3	)		—			(1,238	)		(1,241	)

Net cash (used in) provided by discontinued operations		(995	)		—			12,822			11,827

Effect of exchange rate changes on cash and cash equivalents		—			—			7,546			7,546

Net increase in cash and cash equivalents		154,341			—			3,016			157,357
Cash and cash equivalents at the beginning of the period		22,632			—			185,820			208,452

Cash and cash equivalents at the end of the period	$	176,973		$	—		$	188,836		$	365,809


	Six Months Ended June 27, 2010
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(58,649	)	$	123,477		$	14,908		$	79,736

Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(1,096	)		(9,704	)		(2,858	)		(13,658	)
Proceeds from sales of businesses and assets, net of cash sold		50,000			24,734			—			74,734
Payments for businesses and intangibles acquired, net of cash acquired		—			—			(81	)		(81	)

Net cash provided by (used in) investing activities from continuing operations		48,904			15,030			(2,939	)		60,995

Cash Flows from Financing Activities of Continuing Operations:
Repayment in long-term borrowings		(64,170	)		—			—			(64,170	)
Increase in notes payable and current borrowings		39,700			—			—			39,700
Proceeds from stock compensation plans		8,032			—			—			8,032
Payments to noncontrolling interest shareholders		—			—			(637	)		(637	)
Dividends		(27,120	)		—			—			(27,120	)
Intercompany transactions		133,320			(138,507	)		5,187			—

Net cash provided by (used in) financing activities from continuing operations		89,762			(138,507	)		4,550			(44,195	)

Cash Flows from Discontinued Operations:
Net cash provided by operating activities		3,315			—			16,423			19,738
Net cash used in investing activities		(182	)		—			(1,664	)		(1,846	)

Net cash provided by discontinued operations		3,133			—			14,759			17,892

Effect of exchange rate changes on cash and cash equivalents		—			—			(15,604	)		(15,604	)

Net increase in cash and cash equivalents		83,150			—			15,674			98,824
Cash and cash equivalents at the beginning of the period		31,777			—			156,528			188,305

Cash and cash equivalents at the end of the period	$	114,927		$	—		$	172,202		$	287,129