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Business segment information | 9 Months Ended
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Sep. 29, 2013
Business segment information | Note 15 — Business segment information 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 four operating segments, which also comprise its four reportable segments. Three of the four reportable segments are geographically based: Americas (representing the Company’s operations in North America and Latin America), EMEA (representing the Company’s operations in Europe, the Middle East and Africa) and Asia. The fourth reportable segment is Original Equipment Manufacturer and Development Services (“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 and nine months ended September 29, 2013 and September 30, 2012:
|  | Three Months Ended September 29, 2013 |
|  | Americas |  |  | EMEA |  |  | Asia |  |  | OEM |  |  | Totals |
|  | (Dollars in thousands) |
Segment Results |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment net revenues from external customers |  | $ | 192,494 |  |  | $ | 132,265 |  |  | $ | 55,263 |  |  | $ | 33,774 |  |  | $ | 413,796 |
Segment depreciation and amortization |  |  | 17,783 |  |  |  | 7,035 |  |  |  | 1,134 |  |  |  | 1,123 |  |  |  | 27,075 |
Segment operating profit(1) |  |  | 25,564 |  |  |  | 20,479 |  |  |  | 20,399 |  |  |  | 6,684 |  |  |  | 73,126 |
Segment expenditures for property, plant and equipment |  |  | 14,188 |  |  |  | 2,701 |  |  |  | 258 |  |  |  | 508 |  |  |  | 17,655 |
Restructuring and other impairment charges |  |  | 4,664 |  |  |  | 2,219 |  |  |  | 201 |  |  |  | — |  |  |  | 7,084 |
Intersegment revenues |  |  | 26,550 |  |  |  | 42,480 |  |  |  | 12,191 |  |  |  | 163 |  |  |  |  |
|  | Three Months Ended September 30, 2012 |
|  | Americas |  |  | EMEA |  |  | Asia |  |  | OEM |  |  | Totals |
|  | (Dollars in thousands) |
Segment Results |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Segment net revenues from external customers |  | $ | 169,548 |  |  | $ | 116,015 |  |  | $ | 45,592 |  |  | $ | 36,899 |  |  | $ | 368,054 |
Segment depreciation and amortization |  |  | 16,439 |  |  |  | 5,249 |  |  |  | 967 |  |  |  | 1,058 |  |  |  | 23,713 |
Segment operating profit(1) |  |  | 17,476 |  |  |  | 5,318 |  |  |  | 18,718 |  |  |  | 9,417 |  |  |  | 50,929 |
Segment expenditures for property, plant and equipment |  |  | 9,253 |  |  |  | 3,248 |  |  |  | 43 |  |  |  | 2,052 |  |  |  | 14,596 |
Restructuring and other impairment charges |  |  | 1,069 |  |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | 1,088 |
Intersegment revenues |  |  | 38,874 |  |  |  | 17,136 |  |  |  | — |  |  |  | 94 |  |  |  |  |
|  | Nine Months Ended September 29, 2013 |
|  | Americas |  |  | EMEA |  |  | Asia |  |  | OEM |  |  | Totals |
|  | (Dollars in thousands) |
Segment Results |  |  |  |
Segment net revenues from external customers |  | $ | 587,945 |  |  | $ | 412,525 |  |  | $ | 148,040 |  |  | $ | 97,222 |  |  | $ | 1,245,732 |
Segment depreciation and amortization |  |  | 51,493 |  |  |  | 20,666 |  |  |  | 3,506 |  |  |  | 3,370 |  |  |  | 79,035 |
Segment operating profit(1) |  |  | 79,941 |  |  |  | 58,163 |  |  |  | 49,520 |  |  |  | 20,778 |  |  |  | 208,402 |
Segment assets |  |  | 1,974,737 |  |  |  | 998,256 |  |  |  | 247,118 |  |  |  | 41,073 |  |  |  | 3,261,184 |
Segment expenditures for property, plant and equipment |  |  | 42,900 |  |  |  | 8,691 |  |  |  | 431 |  |  |  | 2,212 |  |  |  | 54,234 |
Restructuring and other impairment charges |  |  | 16,745 |  |  |  | 11,426 |  |  |  | 446 |  |  |  | 588 |  |  |  | 29,205 |
Intersegment revenues |  |  | 95,872 |  |  |  | 115,770 |  |  |  | 33,738 |  |  |  | 373 |  |  |  |  |
|  | Nine Months Ended September 30, 2012 |
|  | Americas |  |  | EMEA |  |  | Asia |  |  | OEM |  |  | Totals |
|  | (Dollars in thousands) |
Segment Results |  |  |  |
Segment net revenues from external customers |  | $ | 526,685 |  |  | $ | 377,513 |  |  | $ | 123,205 |  |  | $ | 104,550 |  |  | $ | 1,131,953 |
Segment depreciation and amortization |  |  | 47,482 |  |  |  | 16,096 |  |  |  | 2,561 |  |  |  | 3,022 |  |  |  | 69,161 |
Segment operating profit(1) |  |  | 64,975 |  |  |  | 46,706 |  |  |  | 41,500 |  |  |  | 22,884 |  |  |  | 176,065 |
Segment assets |  |  | 1,784,773 |  |  |  | 767,995 |  |  |  | 268,669 |  |  |  | 38,835 |  |  |  | 2,860,272 |
Segment expenditures for property, plant and equipment |  |  | 20,870 |  |  |  | 9,620 |  |  |  | 105 |  |  |  | 8,545 |  |  |  | 39,140 |
Restructuring and other impairment charges |  |  | (581 | ) |  |  | 665 |  |  |  | — |  |  |  | — |  |  |  | 84 |
Intersegment revenues |  |  | 114,562 |  |  |  | 52,235 |  |  |  | — |  |  |  | 382 |  |  |  |  |
(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, loss on extinguishments of debt and taxes on income.
The following tables present reconciliations of segment results to the Company’s condensed consolidated income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes for the three and nine months ended September 29, 2013 and September 30, 2012:
|  | Three Months Ended |  |  | Nine Months Ended |
| September 29, 2013 |  |  | September 30, 2012 |  |  | September 29, 2013 |  |  | September 30, 2012 |
|  | (Dollars in thousands) |
Reconciliation of Segment Operating Profit to Income (Loss) from Continuing Operations Before Interest, Loss on Extinguishments of Debt and Taxes |  |  |  |
Segment operating profit |  | $ | 73,126 |  |  | $ | 50,929 |  |  | $ | 208,402 |  |  | $ | 176,065 |
Goodwill impairment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (332,128 | )
Restructuring and other impairment charges |  |  | (7,084 | ) |  |  | (1,088 | ) |  |  | (29,205 | ) |  |  | (84 | )
Gain on sales of businesses and assets |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 332 |
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes |  | $ | 66,042 |  |  | $ | 49,841 |  |  | $ | 179,197 |  |  | $ | (155,815 | )
|  | September 29, 2013 |  |  | September 30, 2012 |
|  | (Dollars in thousands) |
Reconciliation of Segment Assets to Condensed Consolidated Total Assets |  |  |  |
Segment assets |  | $ | 3,261,184 |  |  | $ | 2,860,272 |
Corporate assets |  |  | 516,744 |  |  |  | 802,656 |
Assets held for sale |  |  | 10,435 |  |  |  | 7,861 |
Total assets |  | $ | 3,788,363 |  |  | $ | 3,670,789 |
|  | Three Months Ended |  |  | Nine Months Ended |
| September 29, 2013 |  |  | September 30, 2012 |  |  | September 29, 2013 |  |  | September 30, 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 |  | $ | 17,655 |  |  | $ | 14,596 |  |  | $ | 54,234 |  |  | $ | 39,140 |
Corporate expenditures for property, plant and equipment |  |  | 88 |  |  |  | 2,603 |  |  |  | 406 |  |  |  | 6,952 |
Total expenditures for property, plant and equipment |  | $ | 17,743 |  |  | $ | 17,199 |  |  | $ | 54,640 |  |  | $ | 46,092 |

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- 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 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: 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 3: 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 4: 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 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 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 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 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: 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 11: 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 Reference 12: 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 13: 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 14: 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 + Details
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