XML 58 R22.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Business Segment Information | 3 Months Ended
--- | ---
Apr. 01, 2012
Business Segment Information [Abstract] |
Business Segment Information | Note 13 — Business segment information As a result of a reorganization of the Company's internal business unit reporting structure and related internal financial reporting, effective January 1, 2012, the Company changed its segment reporting from a single operating segment to four operating segments. An operating segment is a component of the Company (a) that engages in business activities from which it may earn revenues and incur expenses, (b) whose operating results are regularly reviewed by the Company's chief operating decision maker to make decisions about resources to be allocated to the segment and to assess its performance, and (c) for which discrete financial information is available. Based on these criteria, the Company has identified that it has four operating segments, which also represent its four reportable segments. Threeof the four reportable segments are geographically based; North America, EMEA (representing the Company's operations in Europe, the Middle East and Africa) and AJLA (representing the Company's Asian and Latin American operations). The fourth reportable segment is OEM. The Company's geographically based segments design, manufacture and distribute medical devices primarily used in critical care, surgical applications and cardiac care and generally serve two end markets; hospitals and healthcare providers, and home health. The products of the geographically based segments are most widely used in the acute care setting for a range of diagnostic and therapeutic procedures and in general and specialty surgical applications. The Company's OEM Segment designs, manufactures and supplies devices and instruments for other medical device manufacturers. The following tables present the Company's segment results for the three months ended April 1, 2012 and March 27, 2011:
|  | Three Months Ended April 1, 2012 |
Segment Results |  | North America |  |  | EMEA |  |  | AJLA |  |  | OEM |  |  | Totals |
|  | (Dollars in thousands) |
Segment net revenues from external customers |  | $ | 167,308 |  |  | $ | 134,600 |  |  | $ | 46,988 |  |  | $ | 38,861 |  |  | $ | 387,757 |
Segment depreciation and amortization |  |  | 15,313 |  |  |  | 5,149 |  |  |  | 1,250 |  |  |  | 1,617 |  |  |  | 23,329 |
Segment operating profit(1 ) |  |  | 22,790 |  |  |  | 21,578 |  |  |  | 11,192 |  |  |  | 5,335 |  |  |  | 60,895 |
Segment assets |  |  | 1,689,959 |  |  |  | 815,566 |  |  |  | 253,703 |  |  |  | 89,712 |  |  |  | 2,848,940 |
Segment expenditures for property, plant and equipment |  |  | 3,839 |  |  |  | 2,695 |  |  |  | 7 |  |  |  | 4,900 |  |  |  | 11,441 |
Intersegment revenues |  |  | 39,564 |  |  |  | 17,719 |  |  |  | 248 |  |  |  | 1,863 |  |  |  |  |
|  | Three Months Ended March 27, 2011 |
Segment Results |  | North America |  |  | EMEA |  |  | AJLA |  |  | OEM |  |  | Totals |
|  | (Dollars in thousands) |
Segment net revenues from external customers |  | $ | 152,724 |  |  | $ | 125,450 |  |  | $ | 42,033 |  |  | $ | 33,797 |  |  | $ | 354,004 |
Segment depreciation and amortization |  |  | 16,431 |  |  |  | 5,282 |  |  |  | 1,316 |  |  |  | 1,612 |  |  |  | 24,641 |
Segment operating profit(1 ) |  |  | 20,270 |  |  |  | 16,864 |  |  |  | 9,775 |  |  |  | 3,351 |  |  |  | 50,260 |
Segment assets |  |  | 2,051,084 |  |  |  | 828,744 |  |  |  | 235,488 |  |  |  | 81,966 |  |  |  | 3,197,282 |
Segment expenditures for property, plant and equipment |  |  | 3,420 |  |  |  | 1,415 |  |  |  | 49 |  |  |  | 943 |  |  |  | 5,827 |
Intersegment revenues |  |  | 34,225 |  |  |  | 14,296 |  |  |  | 83 |  |  |  | 1,631 |  |  |  |  |
(1) | Segment operating profit includes a segment's net revenues from external customers reduced by its cost of goods sold, selling, general and administrative expenses, and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense, loss on extinguishment of debt and taxes on income.
The following tables present reconciliations of segment results to the Company's condensed consolidated results for the three months ended April 1, 2012 and March 27, 2011:
Reconciliation of Segment Operating Profit to Income from Continuing Operations Before Interest, Loss on Extinguishments of Debt and Taxes |  | Three Months Ended |
| April 1, 2012 |  |  | March 27, 2011 |
|  | (Dollars in thousands) |
Segment operating profit |  | $ | 60,895 |  |  | $ | 50,260 |
Goodwill impairment |  |  | 332,128 |  |  |  | — |
Restructuring and other impairment charges |  |  | (838 | ) |  |  | 595 |
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes |  | $ | (270,395 | ) |  | $ | 49,665 |
Reconciliation of Segment Assets to Condensed Consolidated Total Assets |  | April 1, 2012 |  |  | March 27, 2011 |
|  | (Dollars in thousands) |
Segment assets |  | $ | 2,848,940 |  |  | $ | 3,197,282 |
Corporate assets (1 ) |  |  | 792,920 |  |  |  | 371,285 |
Assets of businesses divested (2 ) |  |  | — |  |  |  | 101,873 |
Assets held for sale |  |  | 8,026 |  |  |  | 8,363 |
Total assets |  | $ | 3,649,886 |  |  | $ | 3,678,803 |
(1) | Increase in corporate assets from the prior period reflects higher cash balances as a result of sale of businesses at the end of 2011.
(2) | Includes $31.8 million of assets previously reported as assets held for sale in 2011.
Reconciliation of Segment Expenditures for Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plan and Equipment |  | Three Months Ended |
| April 1, 2012 |  |  | March 27, 2011 |
|  | (Dollars in thousands) |
Segment expenditures for property, plant and equipment |  | $ | 11,441 |  |  | $ | 5,827 |
Corporate expenditures for property, plant and equipment |  |  | 3,588 |  |  |  | 64 |
Total expenditures for property, plant and equipment |  | $ | 15,029 |  |  | $ | 5,891 |

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: 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 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration