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Condensed consolidated guarantor financial information (Tables) | 9 Months Ended
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Sep. 28, 2014
Condensed Consolidated Guarantor Financial Information [Abstract] |
Condensed Consolidating Financial Statement Adjustments | The following table illustrates the increase/(decrease) to the previously reported amounts for the nine months ended September 29, 2013:
| Nine Months Ended September 29, 2013
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Cash Flows from Operating Activities of Continuing Operations | $ | 1,200 |  |  | $ | 61,134 |  |  | $ | 3,737 |  |  | $ | (66,071 | ) |  | $ | — |
Cash Flows from Financing Activities of Continuing Operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Intercompany transactions | (1,200 | ) |  | (43,734 | ) |  | 44,934 |  |  | — |  |  | — |
Intercompany dividends paid | — |  |  | (17,400 | ) |  | (48,671 | ) |  | 66,071 |  |  | — |
Cash Flows from Financing Activities of Continuing Operations | $ | (1,200 | ) |  | $ | (61,134 | ) |  | $ | (3,737 | ) |  | $ | 66,071 |  |  | $ | — |
Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) | TELEFLEX INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Three Months Ended September 28, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net revenues | $ | — |  |  | $ | 261,346 |  |  | $ | 272,083 |  |  | $ | (76,256 | ) |  | $ | 457,173 |
Cost of goods sold | — |  |  | 161,298 |  |  | 136,526 |  |  | (76,817 | ) |  | 221,007 |
Gross profit | — |  |  | 100,048 |  |  | 135,557 |  |  | 561 |  |  | 236,166 |
Selling, general and administrative expenses | 8,978 |  |  | 77,352 |  |  | 52,002 |  |  | (80 | ) |  | 138,252 |
Research and development expenses | — |  |  | 12,871 |  |  | 2,000 |  |  | — |  |  | 14,871 |
Restructuring and other impairment charges | — |  |  | 148 |  |  | 960 |  |  | — |  |  | 1,108 |
Income (loss) from continuing operations before interest, and taxes | (8,978 | ) |  | 9,677 |  |  | 80,595 |  |  | 641 |  |  | 81,935 |
Interest expense | 37,913 |  |  | (22,346 | ) |  | 1,617 |  |  | — |  |  | 17,184 |
Interest income | — |  |  | — |  |  | (161 | ) |  | — |  |  | (161 | )
Income (loss) from continuing operations before taxes | (46,891 | ) |  | 32,023 |  |  | 79,139 |  |  | 641 |  |  | 64,912 |
Taxes (benefit) on income (loss) from continuing operations | (16,761 | ) |  | 13,984 |  |  | 10,505 |  |  | 1,956 |  |  | 9,684 |
Equity in net income of consolidated subsidiaries | 85,187 |  |  | 60,295 |  |  | 96 |  |  | (145,578 | ) |  | — |
Income from continuing operations | 55,057 |  |  | 78,334 |  |  | 68,730 |  |  | (146,893 | ) |  | 55,228 |
Operating loss from discontinued operations | (247 | ) |  | — |  |  | — |  |  | — |  |  | (247 | )
Taxes (benefit) on loss from discontinued operations | (21 | ) |  | — |  |  | 45 |  |  | — |  |  | 24 |
Loss from discontinued operations | (226 | ) |  | — |  |  | (45 | ) |  | — |  |  | (271 | )
Net income | 54,831 |  |  | 78,334 |  |  | 68,685 |  |  | (146,893 | ) |  | 54,957 |
Less: Income from continuing operations attributable to noncontrolling interests | — |  |  | — |  |  | 126 |  |  | — |  |  | 126 |
Net income attributable to common shareholders | 54,831 |  |  | 78,334 |  |  | 68,559 |  |  | (146,893 | ) |  | 54,831 |
Other comprehensive loss attributable to common shareholders | (45,201 | ) |  | (58,947 | ) |  | (43,438 | ) |  | 102,385 |  |  | (45,201 | )
Comprehensive income attributable to common shareholders | $ | 9,630 |  |  | $ | 19,387 |  |  | $ | 25,121 |  |  | $ | (44,508 | ) |  | $ | 9,630 |
| Three Months Ended September 29, 2013
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net revenues | $ | — |  |  | $ | 237,949 |  |  | $ | 238,254 |  |  | $ | (62,407 | ) |  | $ | 413,796 |
Cost of goods sold | — |  |  | 139,501 |  |  | 130,825 |  |  | (60,522 | ) |  | 209,804 |
Gross profit | — |  |  | 98,448 |  |  | 107,429 |  |  | (1,885 | ) |  | 203,992 |
Selling, general and administrative expenses | 14,088 |  |  | 62,701 |  |  | 38,167 |  |  | 272 |  |  | 115,228 |
Research and development expenses | — |  |  | 13,161 |  |  | 2,477 |  |  | — |  |  | 15,638 |
Restructuring and other impairment charges | 828 |  |  | 3,834 |  |  | 2,422 |  |  | — |  |  | 7,084 |
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes | (14,916 | ) |  | 18,752 |  |  | 64,363 |  |  | (2,157 | ) |  | 66,042 |
Interest expense | 33,492 |  |  | (21,204 | ) |  | 1,660 |  |  | — |  |  | 13,948 |
Interest income | 3 |  |  | (3 | ) |  | (144 | ) |  | — |  |  | (144 | )
Loss on extinguishments of debt | 1,250 |  |  | — |  |  | — |  |  | — |  |  | 1,250 |
Income (loss) from continuing operations before taxes | (49,661 | ) |  | 39,959 |  |  | 62,847 |  |  | (2,157 | ) |  | 50,988 |
Taxes (benefit) on income (loss) from continuing operations | (18,446 | ) |  | 14,261 |  |  | 9,962 |  |  | (568 | ) |  | 5,209 |
Equity in net income of consolidated subsidiaries | 76,448 |  |  | 48,367 |  |  | 319 |  |  | (125,134 | ) |  | — |
Income from continuing operations | 45,233 |  |  | 74,065 |  |  | 53,204 |  |  | (126,723 | ) |  | 45,779 |
Operating income (loss) from discontinued operations | 364 |  |  | — |  |  | (326 | ) |  | — |  |  | 38 |
Taxes (benefit) on income (loss) from discontinued operations | (977 | ) |  | (170 | ) |  | 156 |  |  | — |  |  | (991 | )
Income (loss) from discontinued operations | 1,341 |  |  | 170 |  |  | (482 | ) |  | — |  |  | 1,029 |
Net income (loss) | 46,574 |  |  | 74,235 |  |  | 52,722 |  |  | (126,723 | ) |  | 46,808 |
Less: Income from continuing operations attributable to noncontrolling interests | — |  |  | — |  |  | 234 |  |  | — |  |  | 234 |
Net income (loss) attributable to common shareholders | 46,574 |  |  | 74,235 |  |  | 52,488 |  |  | (126,723 | ) |  | 46,574 |
Other comprehensive income attributable to common shareholders | 24,375 |  |  | 30,034 |  |  | 21,442 |  |  | (51,476 | ) |  | 24,375 |
Comprehensive income attributable to common shareholders | $ | 70,949 |  |  | $ | 104,269 |  |  | $ | 73,930 |  |  | $ | (178,199 | ) |  | $ | 70,949 |
| Nine Months Ended September 28, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net revenues | $ | — |  |  | $ | 814,051 |  |  | $ | 838,171 |  |  | $ | (288,398 | ) |  | $ | 1,363,824 |
Cost of goods sold | — |  |  | 489,694 |  |  | 451,408 |  |  | (278,691 | ) |  | 662,411 |
Gross profit | — |  |  | 324,357 |  |  | 386,763 |  |  | (9,707 | ) |  | 701,413 |
Selling, general and administrative expenses | 30,781 |  |  | 235,322 |  |  | 159,058 |  |  | 231 |  |  | 425,392 |
Research and development expenses | — |  |  | 37,766 |  |  | 6,037 |  |  | — |  |  | 43,803 |
Restructuring and other impairment charges | — |  |  | 8,639 |  |  | 7,872 |  |  | — |  |  | 16,511 |
Income (loss) from continuing operations before interest, and taxes | (30,781 | ) |  | 42,630 |  |  | 213,796 |  |  | (9,938 | ) |  | 215,707 |
Interest expense | 106,794 |  |  | (62,993 | ) |  | 4,849 |  |  | — |  |  | 48,650 |
Interest income | — |  |  | — |  |  | (494 | ) |  | — |  |  | (494 | )
Income (loss) from continuing operations before taxes | (137,575 | ) |  | 105,623 |  |  | 209,441 |  |  | (9,938 | ) |  | 167,551 |
Taxes (benefit) on income (loss) from continuing operations | (47,891 | ) |  | 44,737 |  |  | 33,681 |  |  | (2,303 | ) |  | 28,224 |
Equity in net income of consolidated subsidiaries | 228,113 |  |  | 160,653 |  |  | 288 |  |  | (389,054 | ) |  | — |
Income from continuing operations | 138,429 |  |  | 221,539 |  |  | 176,048 |  |  | (396,689 | ) |  | 139,327 |
Operating loss from discontinued operations | (1,866 | ) |  | — |  |  | — |  |  | — |  |  | (1,866 | )
Taxes (benefit) on loss from discontinued operations | (478 | ) |  | — |  |  | 133 |  |  | — |  |  | (345 | )
Loss from discontinued operations | (1,388 | ) |  | — |  |  | (133 | ) |  | — |  |  | (1,521 | )
Net income | 137,041 |  |  | 221,539 |  |  | 175,915 |  |  | (396,689 | ) |  | 137,806 |
Less: Income from continuing operations attributable to noncontrolling interests | — |  |  | — |  |  | 765 |  |  | — |  |  | 765 |
Net income attributable to common shareholders | 137,041 |  |  | 221,539 |  |  | 175,150 |  |  | (396,689 | ) |  | 137,041 |
Other comprehensive loss attributable to common shareholders | (38,594 | ) |  | (54,326 | ) |  | (37,179 | ) |  | 91,505 |  |  | (38,594 | )
Comprehensive income attributable to common shareholders | $ | 98,447 |  |  | $ | 167,213 |  |  | $ | 137,971 |  |  | $ | (305,184 | ) |  | $ | 98,447 |
| Nine Months Ended September 29, 2013
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net revenues | $ | — |  |  | $ | 740,817 |  |  | $ | 708,206 |  |  | $ | (203,291 | ) |  | $ | 1,245,732 |
Cost of goods sold | — |  |  | 435,937 |  |  | 398,720 |  |  | (202,927 | ) |  | 631,730 |
Gross profit | — |  |  | 304,880 |  |  | 309,486 |  |  | (364 | ) |  | 614,002 |
Selling, general and administrative expenses | 45,915 |  |  | 189,193 |  |  | 123,257 |  |  | 66 |  |  | 358,431 |
Research and development expenses | — |  |  | 40,250 |  |  | 6,919 |  |  | — |  |  | 47,169 |
Restructuring and other impairment charges | 828 |  |  | 13,112 |  |  | 15,265 |  |  | — |  |  | 29,205 |
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes | (46,743 | ) |  | 62,325 |  |  | 164,045 |  |  | (430 | ) |  | 179,197 |
Interest expense | 100,682 |  |  | (63,348 | ) |  | 5,232 |  |  | — |  |  | 42,566 |
Interest income | — |  |  | (3 | ) |  | (455 | ) |  | — |  |  | (458 | )
Loss on extinguishments of debt | 1,250 |  |  | — |  |  | — |  |  | — |  |  | 1,250 |
Income (loss) from continuing operations before taxes | (148,675 | ) |  | 125,676 |  |  | 159,268 |  |  | (430 | ) |  | 135,839 |
Taxes (benefit) on income (loss) from continuing operations | (54,192 | ) |  | 42,241 |  |  | 30,701 |  |  | 208 |  |  | 18,958 |
Equity in net income of consolidated subsidiaries | 210,701 |  |  | 114,116 |  |  | 319 |  |  | (325,136 | ) |  | — |
Income from continuing operations | 116,218 |  |  | 197,551 |  |  | 128,886 |  |  | (325,774 | ) |  | 116,881 |
Operating income (loss) from discontinued operations | (1,788 | ) |  | — |  |  | 42 |  |  | — |  |  | (1,746 | )
Taxes (benefit) on income (loss) from discontinued operations | (1,623 | ) |  | (170 | ) |  | 246 |  |  | — |  |  | (1,547 | )
Income (loss) from discontinued operations | (165 | ) |  | 170 |  |  | (204 | ) |  | — |  |  | (199 | )
Net income (loss) | 116,053 |  |  | 197,721 |  |  | 128,682 |  |  | (325,774 | ) |  | 116,682 |
Less: Income from continuing operations attributable to noncontrolling interests | — |  |  | — |  |  | 629 |  |  | — |  |  | 629 |
Net income (loss) attributable to common shareholders | 116,053 |  |  | 197,721 |  |  | 128,053 |  |  | (325,774 | ) |  | 116,053 |
Other comprehensive income attributable to common shareholders | (6,335 | ) |  | (3,316 | ) |  | (5,930 | ) |  | 9,246 |  |  | (6,335 | )
Comprehensive income attributable to common shareholders | $ | 109,718 |  |  | $ | 194,405 |  |  | $ | 122,123 |  |  | $ | (316,528 | ) |  | $ | 109,718 |
Condensed Consolidating Balance Sheets | TELEFLEX INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS
| September 28, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 59,555 |  |  | $ | 1,662 |  |  | $ | 225,165 |  |  | $ | — |  |  | $ | 286,382 |
Accounts receivable, net | 1,921 |  |  | 11,630 |  |  | 270,387 |  |  | 3,241 |  |  | 287,179 |
Accounts receivable from consolidated subsidiaries | 39,604 |  |  | 2,782,391 |  |  | 270,488 |  |  | (3,092,483 | ) |  | — |
Inventories, net | — |  |  | 210,427 |  |  | 168,218 |  |  | (25,418 | ) |  | 353,227 |
Prepaid expenses and other current assets | 15,587 |  |  | 6,826 |  |  | 20,870 |  |  | — |  |  | 43,283 |
Prepaid taxes | 34,406 |  |  | — |  |  | 16,913 |  |  | — |  |  | 51,319 |
Deferred tax assets | 19,912 |  |  | 19,516 |  |  | 8,933 |  |  | (220 | ) |  | 48,141 |
Assets held for sale | 2,901 |  |  | — |  |  | 4,771 |  |  | — |  |  | 7,672 |
Total current assets | 173,886 |  |  | 3,032,452 |  |  | 985,745 |  |  | (3,114,880 | ) |  | 1,077,203 |
Property, plant and equipment, net | 3,648 |  |  | 196,101 |  |  | 147,484 |  |  | — |  |  | 347,233 |
Goodwill | — |  |  | 704,210 |  |  | 647,835 |  |  | — |  |  | 1,352,045 |
Intangibles assets, net | — |  |  | 713,854 |  |  | 494,398 |  |  | — |  |  | 1,208,252 |
Investments in affiliates | 5,676,862 |  |  | 1,356,773 |  |  | 21,252 |  |  | (7,053,808 | ) |  | 1,079 |
Deferred tax assets | 34,525 |  |  | — |  |  | 5,109 |  |  | (37,928 | ) |  | 1,706 |
Notes receivable and other amounts due from consolidated subsidiaries | 975,641 |  |  | 992,775 |  |  | — |  |  | (1,968,416 | ) |  | — |
Other assets | 28,795 |  |  | 7,435 |  |  | 34,044 |  |  | — |  |  | 70,274 |
Total assets | $ | 6,893,357 |  |  | $ | 7,003,600 |  |  | $ | 2,335,867 |  |  | $ | (12,175,032 | ) |  | $ | 4,057,792 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Current borrowings | $ | 360,656 |  |  | $ | — |  |  | $ | 4,700 |  |  | $ | — |  |  | $ | 365,356 |
Accounts payable | 4,291 |  |  | 35,293 |  |  | 31,450 |  |  | — |  |  | 71,034 |
Accounts payable to consolidated subsidiaries | 2,730,852 |  |  | 197,409 |  |  | 164,222 |  |  | (3,092,483 | ) |  | — |
Accrued expenses | 18,088 |  |  | 17,056 |  |  | 42,189 |  |  | — |  |  | 77,333 |
Current portion of contingent consideration | — |  |  | 2,957 |  |  | — |  |  | — |  |  | 2,957 |
Payroll and benefit-related liabilities | 17,358 |  |  | 20,742 |  |  | 38,681 |  |  | — |  |  | 76,781 |
Accrued interest | 13,831 |  |  | — |  |  | 17 |  |  | — |  |  | 13,848 |
Income taxes payable | — |  |  | — |  |  | 26,735 |  |  | — |  |  | 26,735 |
Other current liabilities | 475 |  |  | 33,450 |  |  | 8,567 |  |  | (220 | ) |  | 42,272 |
Total current liabilities | 3,145,551 |  |  | 306,907 |  |  | 316,561 |  |  | (3,092,703 | ) |  | 676,316 |
Long-term borrowings | 700,000 |  |  | — |  |  | — |  |  | — |  |  | 700,000 |
Deferred tax liabilities | — |  |  | 477,101 |  |  | 55,710 |  |  | (37,927 | ) |  | 494,884 |
Pension and other postretirement benefit liabilities | 46,618 |  |  | 33,962 |  |  | 16,427 |  |  | — |  |  | 97,007 |
Noncurrent liability for uncertain tax positions | 13,355 |  |  | 17,476 |  |  | 25,617 |  |  | — |  |  | 56,448 |
Notes payable and other amounts due from consolidated subsidiaries | 986,769 |  |  | 897,634 |  |  | 89,801 |  |  | (1,974,204 | ) |  | — |
Other liabilities | 19,336 |  |  | 17,142 |  |  | 12,743 |  |  | — |  |  | 49,221 |
Total liabilities | 4,911,629 |  |  | 1,750,222 |  |  | 516,859 |  |  | (5,104,834 | ) |  | 2,073,876 |
Total common shareholders' equity | 1,981,728 |  |  | 5,253,378 |  |  | 1,816,820 |  |  | (7,070,198 | ) |  | 1,981,728 |
Noncontrolling interest | — |  |  | — |  |  | 2,188 |  |  | — |  |  | 2,188 |
Total equity | 1,981,728 |  |  | 5,253,378 |  |  | 1,819,008 |  |  | (7,070,198 | ) |  | 1,983,916 |
Total liabilities and equity | $ | 6,893,357 |  |  | $ | 7,003,600 |  |  | $ | 2,335,867 |  |  | $ | (12,175,032 | ) |  | $ | 4,057,792 |
| December 31, 2013
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 42,749 |  |  | $ | 14,500 |  |  | $ | 374,735 |  |  | $ | — |  |  | $ | 431,984 |
Accounts receivable, net | 1,822 |  |  | 10,948 |  |  | 279,048 |  |  | 3,472 |  |  | 295,290 |
Accounts receivable from consolidated subsidiaries | 42,865 |  |  | 2,623,314 |  |  | 214,469 |  |  | (2,880,648 | ) |  | — |
Inventories, net | — |  |  | 211,165 |  |  | 138,165 |  |  | (15,709 | ) |  | 333,621 |
Prepaid expenses and other current assets | 15,200 |  |  | 6,870 |  |  | 17,740 |  |  | — |  |  | 39,810 |
Prepaid taxes | 27,487 |  |  | — |  |  | 9,017 |  |  | — |  |  | 36,504 |
Deferred tax assets | 20,218 |  |  | 22,472 |  |  | 10,230 |  |  | (3 | ) |  | 52,917 |
Assets held for sale | 1,669 |  |  | 3,503 |  |  | 5,256 |  |  | — |  |  | 10,428 |
Total current assets | 152,010 |  |  | 2,892,772 |  |  | 1,048,660 |  |  | (2,892,888 | ) |  | 1,200,554 |
Property, plant and equipment, net | 14,189 |  |  | 188,455 |  |  | 123,256 |  |  | — |  |  | 325,900 |
Goodwill | — |  |  | 797,671 |  |  | 556,532 |  |  | — |  |  | 1,354,203 |
Intangibles assets, net | — |  |  | 962,243 |  |  | 293,354 |  |  | — |  |  | 1,255,597 |
Investments in affiliates | 5,489,676 |  |  | 1,478,429 |  |  | 21,382 |  |  | (6,987,772 | ) |  | 1,715 |
Deferred tax assets | 35,877 |  |  | — |  |  | 4,476 |  |  | (39,410 | ) |  | 943 |
Notes receivable and other amounts due from consolidated subsidiaries | 1,049,344 |  |  | 873,105 |  |  | 14,169 |  |  | (1,936,618 | ) |  | — |
Other assets | 24,574 |  |  | 7,447 |  |  | 38,074 |  |  | — |  |  | 70,095 |
Total assets | $ | 6,765,670 |  |  | $ | 7,200,122 |  |  | $ | 2,099,903 |  |  | $ | (11,856,688 | ) |  | $ | 4,209,007 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Notes payable | $ | 351,587 |  |  | $ | — |  |  | $ | 4,700 |  |  | $ | — |  |  | $ | 356,287 |
Accounts payable | 2,194 |  |  | 45,802 |  |  | 23,971 |  |  | — |  |  | 71,967 |
Accounts payable to consolidated subsidiaries | 2,644,296 |  |  | 147,957 |  |  | 88,395 |  |  | (2,880,648 | ) |  | — |
Accrued expenses | 15,569 |  |  | 21,120 |  |  | 38,179 |  |  | — |  |  | 74,868 |
Current portion of contingent consideration | — |  |  | 4,131 |  |  | — |  |  | — |  |  | 4,131 |
Payroll and benefit-related liabilities | 15,976 |  |  | 21,818 |  |  | 35,296 |  |  | — |  |  | 73,090 |
Accrued interest | 8,720 |  |  | — |  |  | 5 |  |  | — |  |  | 8,725 |
Income taxes payable | — |  |  | — |  |  | 23,821 |  |  | — |  |  | 23,821 |
Other current liabilities | 9,646 |  |  | 7,517 |  |  | 5,072 |  |  | (4 | ) |  | 22,231 |
Total current liabilities | 3,047,988 |  |  | 248,345 |  |  | 219,439 |  |  | (2,880,652 | ) |  | 635,120 |
Long-term borrowings | 930,000 |  |  | — |  |  | — |  |  | — |  |  | 930,000 |
Deferred tax liabilities | — |  |  | 496,228 |  |  | 57,896 |  |  | (39,409 | ) |  | 514,715 |
Pension and other postretirement benefit liabilities | 57,406 |  |  | 33,777 |  |  | 18,315 |  |  | — |  |  | 109,498 |
Noncurrent liability for uncertain tax positions | 11,389 |  |  | 17,241 |  |  | 26,522 |  |  | — |  |  | 55,152 |
Notes payable and other amounts due from consolidated subsidiaries | 785,476 |  |  | 957,451 |  |  | 197,173 |  |  | (1,940,100 | ) |  | — |
Other liabilities | 19,884 |  |  | 16,221 |  |  | 12,401 |  |  | — |  |  | 48,506 |
Total liabilities | 4,852,143 |  |  | 1,769,263 |  |  | 531,746 |  |  | (4,860,161 | ) |  | 2,292,991 |
Total common shareholders' equity | 1,913,527 |  |  | 5,430,859 |  |  | 1,565,668 |  |  | (6,996,527 | ) |  | 1,913,527 |
Noncontrolling interest | — |  |  | — |  |  | 2,489 |  |  | — |  |  | 2,489 |
Total equity | 1,913,527 |  |  | 5,430,859 |  |  | 1,568,157 |  |  | (6,996,527 | ) |  | 1,916,016 |
Total liabilities and equity | $ | 6,765,670 |  |  | $ | 7,200,122 |  |  | $ | 2,099,903 |  |  | $ | (11,856,688 | ) |  | $ | 4,209,007 |
Condensed Consolidating Statements of Cash Flows | TELEFLEX INCORPORATED AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Nine Months Ended September 28, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations | $ | (80,537 | ) |  | $ | 300,960 |  |  | $ | 63,715 |  |  | $ | (75,340 | ) |  | $ | 208,798 |
Cash Flows from Investing Activities of Continuing Operations: |  |  |  |  |  |  |  |  |
Expenditures for property, plant and equipment | (2,146 | ) |  | (22,578 | ) |  | (23,496 | ) |  | — |  |  | (48,220 | )
Proceeds from sale of assets and investments | 1,669 |  |  | 3,421 |  |  | 161 |  |  | — |  |  | 5,251 |
Payments for businesses and intangibles acquired, net of cash acquired | — |  |  | — |  |  | (28,535 | ) |  | — |  |  | (28,535 | )
Investments in affiliates | (60 | ) |  | 20 |  |  | — |  |  | — |  |  | (40 | )
Intercompany dividends received | — |  |  | — |  |  | 229,782 |  |  | (229,782 | ) |  | — |
Net cash (used in) provided by investing activities from continuing operations | (537 | ) |  | (19,137 | ) |  | 177,912 |  |  | (229,782 | ) |  | (71,544 | )
Cash Flows from Financing Activities of Continuing Operations: |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | 250,000 |  |  | — |  |  | — |  |  | — |  |  | 250,000 |
Repayment of long-term borrowings | (480,009 | ) |  | — |  |  | — |  |  | — |  |  | (480,009 | )
Debt issuance fees | (3,689 | ) |  | — |  |  | — |  |  | — |  |  | (3,689 | )
Proceeds from share based compensation plans and the related tax impacts | 2,936 |  |  | — |  |  | — |  |  | — |  |  | 2,936 |
Payments to noncontrolling interest shareholders | — |  |  | — |  |  | (1,094 | ) |  | — |  |  | (1,094 | )
Dividends | (42,174 | ) |  | — |  |  | — |  |  | — |  |  | (42,174 | )
Intercompany transactions | 372,762 |  |  | (294,661 | ) |  | (78,101 | ) |  | — |  |  | — |
Intercompany dividends paid | — |  |  | — |  |  | (305,122 | ) |  | 305,122 |  |  | — |
Net cash provided by (used in) financing activities from continuing operations | 99,826 |  |  | (294,661 | ) |  | (384,317 | ) |  | 305,122 |  |  | (274,030 | )
Cash Flows from Discontinued Operations: |  |  |  |  |  |  |  |  |
Net cash used in operating activities | (1,946 | ) |  | — |  |  | — |  |  | — |  |  | (1,946 | )
Net cash used in discontinued operations | (1,946 | ) |  | — |  |  | — |  |  | — |  |  | (1,946 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | (6,880 | ) |  | — |  |  | (6,880 | )
Net increase (decrease) in cash and cash equivalents | 16,806 |  |  | (12,838 | ) |  | (149,570 | ) |  | — |  |  | (145,602 | )
Cash and cash equivalents at the beginning of the period | 42,749 |  |  | 14,500 |  |  | 374,735 |  |  | — |  |  | 431,984 |
Cash and cash equivalents at the end of the period | $ | 59,555 |  |  | $ | 1,662 |  |  | $ | 225,165 |  |  | $ | — |  |  | $ | 286,382 |
| Nine Months Ended September 29, 2013
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations | $ | (85,753 | ) |  | $ | 147,461 |  |  | $ | 140,235 |  |  | $ | (66,071 | ) |  | $ | 135,872 |
Cash Flows from Investing Activities of Continuing Operations: |  |  |  |  |  |  |  |  |
Expenditures for property, plant and equipment | (799 | ) |  | (42,854 | ) |  | (10,987 | ) |  | — |  |  | (54,640 | )
Payments for business intangibles acquired, net of cash acquired | — |  |  | (1,820 | ) |  | (38,630 | ) |  | — |  |  | (40,450 | )
Investments in affiliates | (50 | ) |  | — |  |  | — |  |  | — |  |  | (50 | )
Net cash used in investing activities from continuing operations | (849 | ) |  | (44,674 | ) |  | (49,617 | ) |  | — |  |  | (95,140 | )
Cash Flows from Financing Activities of Continuing Operations: |  |  |  |  |  |  |  |  |
Proceeds from long-term borrowings | 382,000 |  |  | — |  |  | — |  |  | — |  |  | 382,000 |
Repayment of long-term borrowings | (375,000 | ) |  | — |  |  | — |  |  | — |  |  | (375,000 | )
Debt extinguishment, issuance and amendment fees | (6,365 | ) |  | — |  |  | — |  |  | — |  |  | (6,365 | )
Proceeds from share based compensation plans and the related tax impacts | 4,740 |  |  | — |  |  | — |  |  | — |  |  | 4,740 |
Payments to noncontrolling interest shareholders | — |  |  | — |  |  | (736 | ) |  | — |  |  | (736 | )
Payments for contingent consideration | — |  |  | (14,802 | ) |  | (1,565 | ) |  | — |  |  | (16,367 | )
Dividends | (41,915 | ) |  | — |  |  | — |  |  | — |  |  | (41,915 | )
Intercompany transactions | 70,932 |  |  | (72,574 | ) |  | 1,642 |  |  | — |  |  | — |
Intercompany dividends paid | — |  |  | (17,400 | ) |  | (48,671 | ) |  | 66,071 |  |  | — |
Net cash provided by (used in) financing activities from continuing operations | 34,392 |  |  | (104,776 | ) |  | (49,330 | ) |  | 66,071 |  |  | (53,643 | )
Cash Flows from Discontinued Operations: |  |  |  |  |  |  |  |  |  |  |  |  | — |
Net cash used in operating activities | (1,567 | ) |  | — |  |  | (600 | ) |  | — |  |  | (2,167 | )
Net cash used in discontinued operations | (1,567 | ) |  | — |  |  | (600 | ) |  | — |  |  | (2,167 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | 4,476 |  |  | — |  |  | 4,476 |
Net (decrease) increase in cash and cash equivalents | (53,777 | ) |  | (1,989 | ) |  | 45,164 |  |  | — |  |  | (10,602 | )
Cash and cash equivalents at the beginning of the period | 70,860 |  |  | 1,989 |  |  | 264,190 |  |  | — |  |  | 337,039 |
Cash and cash equivalents at the end of the period | $ | 17,083 |  |  | $ | — |  |  | $ | 309,354 |  |  | $ | — |  |  | $ | 326,437 |

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