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Business segments and other information | 12 Months Ended
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Dec. 31, 2012
Business segments and other information | Note 17 — Business segments and other information In the first quarter of 2012, as a result of a reorganization of the Company’s internal business unit reporting structure and related internal financial reporting, the Company changed its segment reporting from a single operating segment to four operating segments, three of which are geographically based. As initially changed, the three geographic segments were North America, EMEA (representing the Company’s operations in Europe, the Middle East and Africa) and AJLA (representing Asian and Latin America operations). The Company’s fourth reportable segment is comprised of the Company’s OEM businesses. During 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 identified its four operating segments, which also comprise its four reportable segments. The Company’s Americas, EMEA and Asia Segments design, manufacture and distribute medical devices primarily used in critical care, surgical applications and cardiac care and generally serve two end markets: (1) hospitals and healthcare providers, and (2) home care. The products of these 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 years ended December 31, 2012, December 31, 2011 and December 31, 2010:
|  | Year Ended December 31, 2012 |
Segment Results |  | Americas |  |  | EMEA |  |  | Asia |  |  | OEM |  |  | Totals |
|  | (Dollars in thousands) |
Segment net revenues from external customers |  | $ | 726,810 |  |  | $ | 510,248 |  |  | $ | 173,721 |  |  | $ | 140,230 |  |  | $ | 1,551,009 |
Segment depreciation and amortization |  |  | 64,174 |  |  |  | 22,974 |  |  |  | 3,653 |  |  |  | 4,083 |  |  |  | 94,884 |
Segment operating profit(1) |  |  | 88,502 |  |  |  | 56,245 |  |  |  | 61,126 |  |  |  | 31,585 |  |  |  | 237,458 |
Segment assets |  |  | 1,953,393 |  |  |  | 985,069 |  |  |  | 245,578 |  |  |  | 33,236 |  |  |  | 3,217,276 |
Segment expenditures for property, plant and equipment |  |  | 32,023 |  |  |  | 14,717 |  |  |  | 472 |  |  |  | 10,830 |  |  |  | 58,042 |
Intersegment revenues |  |  | 135,499 |  |  |  | 76,967 |  |  |  | 4,660 |  |  |  | 422 |  |  |  |  |
|  | Year Ended December 31, 2011 |
Segment Results |  | Americas |  |  | EMEA |  |  | Asia |  |  | OEM |  |  | Totals |
|  | (Dollars in thousands) |
Segment net revenues from external customers |  | $ | 688,036 |  |  | $ | 525,277 |  |  | $ | 149,585 |  |  | $ | 129,630 |  |  | $ | 1,492,528 |
Segment depreciation and amortization |  |  | 65,580 |  |  |  | 23,419 |  |  |  | 3,848 |  |  |  | 3,649 |  |  |  | 96,496 |
Segment operating profit(1) |  |  | 86,355 |  |  |  | 75,883 |  |  |  | 49,229 |  |  |  | 24,690 |  |  |  | 236,157 |
Segment assets |  |  | 2,078,850 |  |  |  | 789,978 |  |  |  | 199,684 |  |  |  | 27,240 |  |  |  | 3,095,752 |
Segment expenditures for property, plant and equipment |  |  | 23,203 |  |  |  | 11,843 |  |  |  | 804 |  |  |  | 5,565 |  |  |  | 41,415 |
Intersegment revenues |  |  | 137,499 |  |  |  | 67,199 |  |  |  | 1 |  |  |  | 464 |  |  |  |  |
|  | Year Ended December 31, 2010 |
Segment Results |  | Americas |  |  | EMEA |  |  | Asia |  |  | OEM |  |  | Totals |
|  | (Dollars in thousands) |
Segment net revenues from external customers |  | $ | 669,510 |  |  | $ | 479,247 |  |  | $ | 130,601 |  |  | $ | 118,364 |  |  | $ | 1,397,722 |
Segment depreciation and amortization |  |  | 63,996 |  |  |  | 19,486 |  |  |  | 2,979 |  |  |  | 3,279 |  |  |  | 89,740 |
Segment operating profit(1) |  |  | 97,219 |  |  |  | 72,782 |  |  |  | 40,872 |  |  |  | 21,951 |  |  |  | 232,824 |
Segment assets |  |  | 2,074,407 |  |  |  | 748,180 |  |  |  | 169,435 |  |  |  | 26,155 |  |  |  | 3,018,177 |
Segment expenditures for property, plant and equipment |  |  | 18,326 |  |  |  | 6,364 |  |  |  | 345 |  |  |  | 2,872 |  |  |  | 27,907 |
Intersegment revenues |  |  | 112,023 |  |  |  | 64,272 |  |  |  | 19 |  |  |  | 437 |  |  |  |  |
(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, net (gain) loss on sales of businesses and assets, 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 consolidated results for the years ended December 31, 2012, December 31, 2011 and December 31, 2010: Reconciliation of Segment Operating Profit to Income (Loss) from Continuing Operations Before Interest, Loss on Extinguishments of Debt and Taxes
|  | Year Ended |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (Dollars in thousands) |
Segment operating profit |  | $ | 237,458 |  |  | $ | 236,157 |  |  | $ | 232,824 |
Goodwill impairment |  |  | (332,128 | ) |  |  | — |  |  |  | — |
Restructuring and other impairment charges |  |  | (3,037 | ) |  |  | (6,005 | ) |  |  | (2,875 | )
Net gain (loss) on sales of businesses and assets |  |  | 332 |  |  |  | (582 | ) |  |  | 341 |
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes |  | $ | (97,375 | ) |  | $ | 229,570 |  |  | $ | 230,290 |
Reconciliation of Segment Assets to Consolidated Total Assets
|  | Year Ended |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (Dollars in thousands) |
Segment assets |  | $ | 3,217,276 |  |  | $ | 3,095,752 |  |  | $ | 3,018,177 |
Corporate assets |  |  | 514,258 |  |  |  | 767,231 |  |  |  | 369,668 |
Assets of businesses divested |  |  | — |  |  |  | 53,218 |  |  |  | 247,351 |
Assets held for sale |  |  | 7,963 |  |  |  | 7,902 |  |  |  | 7,959 |
Total assets |  | $ | 3,739,497 |  |  | $ | 3,924,103 |  |  | $ | 3,643,155 |
Reconciliation of Segment Expenditures for Property, Plant and Equipment to Consolidated Total Expenditures for Property, Plant and Equipment
|  | Year Ended |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (Dollars in thousands) |
Segment expenditures for property, plant and equipment |  | $ | 58,042 |  |  | $ | 41,415 |  |  | $ | 27,907 |
Corporate expenditures for property, plant and equipment |  |  | 7,352 |  |  |  | 3,167 |  |  |  | 1,423 |
Total expenditures for property, plant and equipment |  | $ | 65,394 |  |  | $ | 44,582 |  |  | $ | 29,330 |
The following table provides total net revenues and total net property, plant and equipment by geographic region for the years ended December 31, 2012, December 31, 2011 and December 31, 2010:
|  | Year Ended |
|  | 2012 |  |  | 2011 |  |  | 2010 |
|  | (Dollars in thousands) |
Net revenues (based on business unit location): |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 789,771 |  |  | $ | 762,957 |  |  | $ | 752,074 |
Other Americas |  |  | 53,665 |  |  |  | 55,228 |  |  |  | 49,557 |
Germany |  |  | 123,355 |  |  |  | 128,072 |  |  |  | 120,033 |
Other Europe |  |  | 393,627 |  |  |  | 403,274 |  |  |  | 364,617 |
All Other |  |  | 190,591 |  |  |  | 142,997 |  |  |  | 111,441 |
|  | $ | 1,551,009 |  |  | $ | 1,492,528 |  |  | $ | 1,397,722 |
Net property, plant and equipment: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 180,833 |  |  | $ | 159,042 |  |  | $ | 165,287 |
Other Americas |  |  | 12,828 |  |  |  | 12,492 |  |  |  | 25,988 |
Germany |  |  | 12,197 |  |  |  | 8,549 |  |  |  | 19,630 |
Other Europe |  |  | 58,843 |  |  |  | 53,775 |  |  |  | 55,848 |
All Other |  |  | 33,244 |  |  |  | 18,054 |  |  |  | 20,952 |
|  | $ | 297,945 |  |  | $ | 251,912 |  |  | $ | 287,705 |

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