10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2013

OR

[    ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to           

Commission File Number 001-15103

INVACARE CORPORATION

(Exact name of registrant as specified in its charter)

Ohio	95-2680965
(State or other jurisdiction of incorporation or organization)	(IRS Employer Identification No.)
One Invacare Way, P.O. Box 4028, Elyria, Ohio	44036
(Address of principal executive offices)	(Zip Code)

(440) 329-6000

(Registrant's telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 (the “Exchange Act”) during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes x  No 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes x No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “small reporting company” in Rule 12b-2 of the Exchange Act. (Check One):    Large accelerated filer ¨    Accelerated filer x  Non-accelerated filer  ¨ (Do not check if a smaller reporting company) Smaller reporting company ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes ¨  No  x

As of May 3, 2013, the registrant had30,920,773 Common Shares and 1,084,747Class B Common Shares outstanding.

INVACARE CORPORATION

INDEX

Item		Page
PART I: FINANCIAL INFORMATION
1	Financial Statements (Unaudited)
	Condensed Consolidated Statement of Comprehensive Income (Loss) - Three Months Ended March 31, 2013 and March 31, 2012	FS-1
	Condensed Consolidated Balance Sheets - March 31, 2013 and December 31, 2012	FS-2
	Condensed Consolidated Statement of Cash Flows - Three Months Ended March 31, 2013 and March 31, 2012	FS-3
	Notes to Condensed Consolidated Financial Statements - March 31, 2013	FS-4
2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	I-1
3	Quantitative and Qualitative Disclosures About Market Risk	I-10
4	Controls and Procedures	I-11
PART II: OTHER INFORMATION
1	Legal Proceedings	I-12
1A.	Risk Factors	I-13
2	Unregistered Sales of Equity Securities and Use of Proceeds	I-13
6	Exhibits	I-14
Signatures		I-14

Part I.    FINANCIAL INFORMATION

Item 1.    Financial Statements.

INVACARE CORPORATION AND SUBSIDIARIES

Condensed Consolidated Statement of Comprehensive Income (Loss) (unaudited)

(In thousands, except per share data)	Three Months Ended March 31,
	2013			2012
Net sales	$	337,616		$	355,100
Cost of products sold	241,838			244,503
Gross Profit	95,778			110,597
Selling, general and administrative expenses	104,019			100,713
Charges related to restructuring activities	2,522			561
Interest expense	1,327			2,351
Interest income	(107		)	(301		)
Earnings (loss) from Continuing Operations Before Income Taxes	(11,983		)	7,273
Income tax (benefit) provision	(7,450		)	1,668
Net Earnings (loss) from Continuing Operations	(4,533		)	5,605
Net Earnings from Discontinued Operations (Net of tax amounts of $10 and $482, respectively)	392			2,628
Gain on Sale of Discontinued Operations (Net of tax amount of $20,080)	39,322			—
Total Net Earnings from Discontinued Operations	39,714			2,628
Net Earnings	$	35,181		$	8,233
Dividends Declared per Common Share	$	0.0125		$	0.0125
Net Earnings per Share—Basic
Net Earnings (loss) from Continuing Operations	$	(0.14	)	$	0.18
Net Earnings from Discontinued Operations	$	1.24		$	0.08
Net Earnings per Share—Basic	$	1.10		$	0.26
Weighted Average Shares Outstanding—Basic	31,902			31,819
Net Earnings per Share—Assuming Dilution
Net Earnings (loss) from Continuing Operations	$	(0.14	)	$	0.18
Net Earnings from Discontinued Operations	$	1.24		$	0.08
Net Earnings per Share—Assuming Dilution	$	1.10		$	0.26
Weighted Average Shares Outstanding—Assuming Dilution	31,934			31,822
Net Earnings	$	35,181		$	8,233
Other comprehensive income (loss):
Foreign currency translation adjustments	(1,498		)	334
Defined Benefit Plans:
Amortization of prior service costs and unrecognized gains	300			228
Amounts arising during the year, primarily due to the addition of new participants	(166		)	(35		)
Deferred tax adjustment resulting from defined benefit plan activity	(48		)	(11		)
Valuation reserve associated with defined benefit plan activity	50			11
Current period unrealized gain on cash flow hedges	1,577			793
Deferred tax loss related to unrealized gain on cash flow hedges	(81		)	(134		)
Other Comprehensive Income	134			1,186
Comprehensive Income	$	35,315		$	9,419

See notes to condensed consolidated financial statements.

FS-1

INVACARE CORPORATION AND SUBSIDIARIES

Condensed Consolidated Balance Sheets (unaudited)

	March 31, 2013			December 31, 2012
	(In thousands)
Assets
Current Assets
Cash and cash equivalents	$	25,081		$	38,791
Trade receivables, net	199,382			198,791
Installment receivables, net	1,970			2,188
Inventories, net	187,697			183,246
Deferred income taxes	318			—
Other current assets	40,560			41,776
Assets held for sale - current	—			103,157
Total Current Assets	455,008			567,949
Other Assets	42,653			42,262
Other Intangibles	69,168			71,652
Property and Equipment, net	116,066			118,231
Goodwill	462,294			462,200
Total Assets	$	1,145,189		$	1,262,294
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable	$	119,737		$	133,048
Accrued expenses	127,626			135,189
Accrued income taxes	12,082			2,713
Short-term debt and current maturities of long-term obligations	3,294			5,427
Liabilities held for sale - current	—			23,358
Total Current Liabilities	262,739			299,735
Long-Term Debt	113,324			229,375
Other Long-Term Obligations	112,058			112,195
Shareholders’ Equity
Preferred Shares (Authorized 300 shares; none outstanding)	—			—
Common Shares (Authorized 100,000 shares; 34,055 and 33,952 issued in 2013 and 2012, respectively)—no par	8,531			8,503
Class B Common Shares (Authorized 12,000 shares; 1,085 and 1,086 issued and outstanding in 2013 and 2012, respectively)—no par	272			272
Additional paid-in-capital	229,320			228,187
Retained earnings	399,330			364,546
Accumulated other comprehensive earnings	112,877			112,743
Treasury shares	(93,262		)	(93,262		)
Total Shareholders’ Equity	657,068			620,989
Total Liabilities and Shareholders’ Equity	$	1,145,189		$	1,262,294

See notes to condensed consolidated financial statements.

FS-2

INVACARE CORPORATION AND SUBSIDIARIES

Condensed Consolidated Statement of Cash Flows (unaudited)

	Three Months Ended March 31,
	2013			2012
Operating Activities	(In thousands)
Net earnings	$	35,181		$	8,233
Adjustments to reconcile net earnings to net cash provided by operating activities:
Gain on sale of business	(59,402		)	—
Depreciation and amortization	8,848			9,632
Provision for losses on trade and installment receivables	768			1,440
Provision (Benefit) for deferred income taxes	(134		)	41
Provision for other deferred liabilities	87			220
Provision for stock-based compensation	1,160			1,534
Loss on disposals of property and equipment	86			7
Amortization of convertible debt discount	152			141
Changes in operating assets and liabilities:
Trade receivables	(20		)	(7,967		)
Installment sales contracts, net	(422		)	2,060
Inventories	(7,661		)	(20,615		)
Other current assets	2,373			596
Accounts payable	(15,697		)	11,805
Accrued expenses	(339		)	(9,394		)
Other long-term liabilities	(283		)	1,442
Net Cash Used by Operating Activities	(35,303		)	(825		)
Investing Activities
Purchases of property and equipment	(3,865		)	(4,681		)
Proceeds from sale of property and equipment	4			45
Proceeds from sale of business	144,681			—
Increase in other long-term assets	(108		)	(11		)
Other	(19		)	20
Net Cash Provided (Used) by Investing Activities	140,693			(4,627		)
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	115,950			75,508
Payments on revolving lines of credit and long-term borrowings	(234,696		)	(72,480		)
Payment of dividends	(396		)	(397		)
Net Cash Provided (Used) by Financing Activities	(119,142		)	2,631
Effect of exchange rate changes on cash	42			565
Decrease in cash and cash equivalents	(13,710		)	(2,256		)
Cash and cash equivalents at beginning of year	38,791			34,924
Cash and cash equivalents at end of period	$	25,081		$	32,668

See notes to condensed consolidated financial statements.

FS-3

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

Accounting Policies

Nature of Operations: Invacare Corporation is a leading manufacturer and distributor of medical equipment and supplies used in the home based upon the company’s distribution channels, breadth of product line and net sales. The company designs, manufactures and distributes an extensive line of health care products for the non-acute care environment, including the home health care, retail and extended care markets.

Principles of Consolidation: The consolidated financial statements include the accounts of the company and its wholly owned subsidiaries and include all adjustments, which were of a normal recurring nature, necessary to present fairly the financial position of the company as of March 31, 2013, the results of its operations for the three months endedMarch 31, 2013 and changes in its cash flow for the three months ended March 31, 2013 and 2012, respectively. Certain foreign subsidiaries, represented by the European segment, are consolidated using a February 28 quarter end in order to meet filing deadlines. No material subsequent events have occurred related to the European segment, which would require disclosure or adjustment to the company's financial statements. All significant intercompany transactions are eliminated.  The results of operations for the three months endedMarch 31, 2013 are not necessarily indicative of the results to be expected for the full year.

Use of Estimates: The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States, which require management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ from these estimates.

Stock-Based Compensation Plans: The company accounts for share-based compensation under the provisions of Compensation-Stock Compensation, ASC 718. The company has not made any modifications to the terms of any previously granted options and no significant changes have been made regarding the valuation methodologies used to determine the fair value of options granted. The company continues to use a Black-Scholes valuation model.

The substantial majority of the options awarded have been granted at exercise prices equal to the market value of the underlying stock on the date of grant. Restricted stock awards granted without cost to the recipients are expensed on a straight-line basis over the vesting periods.

The amounts of stock-based compensation expense recognized were as follows (in thousands):

	Three Months Ended March 31,
	2013		2012
Stock-based compensation expense recognized as part of selling, general and administrative expense	$	1,160	$	1,534

The amounts above reflect compensation expense related to restricted stock awards and nonqualified stock options awarded under the 2003 Performance Plan (the “2003 Plan”). Stock-based compensation is not allocated to the business segments, but is reported as part of All Other as shown in the company's Business Segment Note to the Consolidated Financial Statements.

Recent Accounting Pronouncements: In February, 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income

(ASU 2013-02 or the ASU). ASU 2013-02 requires companies to report, in one place, changes in and reclassifications out of accumulated other comprehensive income (OCI). The ASU does not change what is required to be reported in OCI. The company adopted ASU 2013-02 in this Form 10-Q for the quarter ended March 31, 2013 with no impact on the company's Condensed Consolidated Statement of Comprehensive Income (Loss), Balance Sheets or Statement of Cash Flows. See Accumulated Other Comprehensive Income in the Notes to these Consolidated Financial Statements.

In December, 2011, the FASB issued ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, and in January, 2013, issued ASU 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (ASU 2013-01). ASU 2013-01 is intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on an entity's financial position and requires companies to disclose both gross and net information about both instruments and transactions eligible for offset in the financial position; and to disclose instruments and transactions subject to an agreement similar to a master netting agreement. The company adopted ASU 2013-01 in this Form 10-Q for the quarter ended March 31, 2013 with no impact on the company's Condensed Consolidated Statement of Comprehensive Income (Loss), Balance Sheets or Statement of Cash Flows. See Derivatives in the Notes to these Consolidated Financial Statements. See Accumulated Other Comprehensive Income in the Notes to these Consolidated Financial Statements.

FS-4

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

Discontinued Operations

On December 21, 2012, as part of the company's globalization strategy, and to allow it to focus on its core equipment product lines, the company's board of directors approved of the company entering into an agreement to sell Invacare Supply Group (ISG) and accordingly the company determined on that date that the "held for sale" criteria of ASC 360-10-45-9 were met. Accordingly, the assets and liabilities of ISG (long-lived asset disposal group) are shown at their carrying amounts, which are lower than the fair values less cost to sale as of December 31, 2012.

On January 18, 2013, the company completed the sale of the ISG medical supplies business for a purchase price of approximately $150,800,000 in cash, which is subject to final post-closing adjustments. ISG had been operated on a standalone basis and reported as a reportable segment of the company. The company recorded a gain of approximately $59,402,000 pre-tax in the first quarter of 2013 which represents the excess of the net sales price over the book value of the assets and liabilities of ISG. The sale of this business is dilutive to the Company's results. The Company utilized the proceeds from the sale to reduce debt outstanding under its revolving credit facility in the first quarter of 2013. The company recorded expenses related to the sale of approximately $5,250,000 of which $3,160,000 were paid out as of March 31, 2013. The gain recorded by the company reflects the company's estimated final purchase adjustments.

The assets and liabilities of ISG that were sold are shown as held for sale in the company's Consolidated Balance Sheets and are comprised of the following (in thousands):

	December 31, 2012
Trade receivables, net	$	44,196
Inventories, net	25,165
Other current assets	9,355
Property and Equipment, net	1,368
Goodwill	23,073
Assets held for sale - current	$	103,157
Accounts payable	$	17,692
Accrued expenses	4,602
Accrued income taxes	1,064
Liabilities held for sale - current	$	23,358

The net sales of the discontinued operation were $18,498,000 and $78,465,000for the three months endedMarch 31, 2013 and March 31, 2012, respectively. Earnings before income taxes for the discontinued operation were $402,000 and $3,111,000for the three months endedMarch 31, 2013 and March 31, 2012, respectively.

The company will continue to sell product to the acquirer of ISG and expects to provide certain transitional services to the acquirer over a period of less than one year from the date of sale. The net cash flows expected to be paid and received related to such product sales and transitional services are not expected to be significant.

The company has classified ISG as a discontinued operation for all periods presented.

Receivables

Accounts receivable are reduced by an allowance for amounts that may become uncollectible in the future. Substantially all of the company’s receivables are due from health care, medical equipment providers and long term care facilities located throughout the United States, Australia, Canada, New Zealand and Europe. A significant portion of products sold to providers, both foreign and domestic, is ultimately funded through government reimbursement programs such as Medicare and Medicaid in the U.S. As a consequence, changes in these programs can have an adverse impact on dealer liquidity and profitability. The estimated allowance for uncollectible amounts ($22,122,000 at March 31, 2013 and $22,213,000 at December 31, 2012) is based primarily on management’s evaluation of the financial condition of specific customers. In addition, as a result of the company's third party

FS-5

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

financing arrangement with De Lage Landen, Inc. ("DLL"), a third party financing company which the company has worked with since 2000, management monitors the collection status of these contracts in accordance with the company’s limited recourse obligations and provides amounts necessary for estimated losses in the allowance for doubtful accounts and establishing reserves for specific customers as needed. The company charges off uncollectible trade accounts receivable after such receivables are moved to collection status and legal remedies are exhausted. See Concentration of Credit Risk in the Notes to the Consolidated Financial Statements for a description of the financing arrangement. Long-term installment receivables are included in “Other Assets” on the consolidated balance sheet.

The company’s U.S. customers electing to finance their purchases can do so using DLL. In addition, Invacare often provides financing directly for its Canadian customers for which DLL is not an option, as DLL typically provides financing to Canadian customers only on a limited basis. The installment receivables recorded on the books of the company represent a single portfolio segment of finance receivables to the independent provider channel. The portfolio segment is comprised of two classes of receivables distinguished by geography and credit quality. The U.S. installment receivables are the first class and represent installment receivables re-purchased from DLL because the customers were in default. Default with DLL is defined as a customer being delinquent by 3 payments. The Canadian installment receivables represent the second class of installment receivables which were originally financed by Invacare because third party financing was not available to the HME providers. The Canadian installment receivables are typically financed for 12 months and historically have had a very low risk of default.

The estimated allowance for uncollectible amounts and evaluation for impairment for both classes of installment receivables is based on the company’s quarterly review of the financial condition of each individual customer with the allowance for doubtful accounts adjusted accordingly. Installments are individually and not collectively reviewed for impairment. The company assesses the bad debt reserve levels based upon the status of the customer’s adherence to a legally negotiated payment schedule and the company’s ability to enforce judgments, liens, etc.

For purposes of granting or extending credit, the company utilizes a scoring model to generate a composite score that considers each customer’s consumer credit score and/or D&B credit rating, payment history, security collateral and time in business. Additional analysis is performed for customers desiring credit greater than $250,000 which includes a detailed review of the customer’s financials as well as consideration of other factors such as exposure to changing reimbursement laws.

Interest income is recognized on installment receivables based on the terms of the installment agreements. Installment accounts are monitored and if a customer defaults on payments and is moved to collection, interest income is no longer recognized. Subsequent payments received once an account is put on non-accrual status are generally first applied to the principal balance and then to the interest. Accruing of interest on collection accounts would only be restarted if the account became current again. All installment accounts are accounted for using the same methodology regardless of the duration of the installment agreements. When an account is placed in collection status, the company goes through a legal process of adjudication which typically approximates 18 months. Any write-offs are made after the legal process has been completed. The company has not made any changes to either its accounting policies or methodology to estimation allowances for doubtful accounts in the last twelve months.

Installment receivables consist of the following (in thousands):

	March 31, 2013									December 31, 2012
	Current			Long- Term			Total			Current			Long- Term			Total
Installment receivables	$	4,417		$	2,153		$	6,570		$	4,982		$	1,506		$	6,488
Less: Unearned interest	(62		)	—			(62		)	(71		)	—			(71		)
	4,355			2,153			6,508			4,911			1,506			6,417
Allowance for doubtful accounts	(2,385		)	(1,658		)	(4,043		)	(2,723		)	(1,100		)	(3,823		)
	$	1,970		$	495		$	2,465		$	2,188		$	406		$	2,594

Installment receivables purchased from DLL during the three months ended March 31, 2013 increased the gross installment receivables balance by $1,035,000. No sales of installment receivables were made by the company during the quarter.

FS-6

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

The movement in the installment receivables allowance for doubtful accounts was as follows (in thousands):

	Three Months Ended March 31, 2013			Year Ended December 31, 2012
Balance as of beginning of period	$	3,823		$	4,273
Current period provision	519			458
Direct write-offs charged against the allowance	(299		)	(908		)
Balance as of end of period	$	4,043		$	3,823

Installment receivables by class as of March 31, 2013 consist of the following (in thousands):

	Total Installment Receivables		Unpaid Principal Balance		Related Allowance for Doubtful Accounts		Interest Income Recognized
U.S.
Impaired Installment receivables with a related allowance recorded	$	4,905	$	4,905	$	3,832	$	—
Canada
Non-Impaired Installment receivables with no related allowance recorded	1,454		1,392		—		30
Impaired Installment receivables with a related allowance recorded	211		211		211		—
Total Canadian Installment Receivables	$	1,665	$	1,603	$	211	$	30
Total
Non-Impaired Installment receivables with no related allowance recorded	1,454		1,392		—		30
Impaired Installment receivables with a related allowance recorded	5,116		5,116		4,043		—
Total Installment Receivables	$	6,570	$	6,508	$	4,043	$	30

FS-7

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

Installment receivables by class as of December 31, 2012 consist of the following (in thousands):

	Total Installment Receivables		Unpaid Principal Balance		Related Allowance for Doubtful Accounts		Interest Income Recognized
U.S.
Impaired Installment receivables with a related allowance recorded	$	4,508	$	4,508	$	3,365	$	—
Canada
Non-Impaired Installment receivables with no related allowance recorded	1,522		1,451		—		120
Impaired Installment receivables with a related allowance recorded	458		458		458		—
Total Canadian Installment Receivables	$	1,980	$	1,909	$	458	$	120
Total
Non-Impaired Installment receivables with no related allowance recorded	1,522		1,451		—		120
Impaired Installment receivables with a related allowance recorded	4,966		4,966		3,823		—
Total Installment Receivables	$	6,488	$	6,417	$	3,823	$	120

Installment receivables with a related allowance recorded as noted in the table above represent those installment receivables on a non-accrual basis in accordance with ASU 2010-20. As of March 31, 2013, the company had no U.S. installment receivables past due of 90 days or more for which the company is still accruing interest. Individually, all U.S. installment receivables are assigned a specific allowance for doubtful accounts based on management’s review when the company does not expect to receive both the contractual principal and interest payments as specified in the loan agreement. However, while the full balance may be deemed to be impaired, the company has historically collected a large percentage of the principal of its U.S. installment receivables.

The company had an immaterial amount of Canadian installment receivables which were past due of 90 days or more as of March 31, 2013 and December 31, 2012 for which the company is still accruing interest. The aging of the company’s installment receivables was as follows (in thousands):

	March 31, 2013						December 31, 2012
	Total		U.S.		Canada		Total		U.S.		Canada
Current	$	1,483	$	—	$	1,483	$	1,467	$	—	$	1,467
0-30 Days Past Due	46		—		46		43		—		43
31-60 Days Past Due	6		—		6		2		—		2
61-90 Days Past Due	—		—		—		—		—		—
90+ Days Past Due	5,035		4,905		130		4,976		4,508		468
	$	6,570	$	4,905	$	1,665	$	6,488	$	4,508	$	1,980

Inventories

Inventories consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Finished goods	$	97,273	$	94,675
Raw materials	73,611		71,596
Work in process	16,813		16,975
	$	187,697	$	183,246

FS-8

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

Other Current Assets

Other current assets consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Value added tax receivables	$	17,327	$	18,002
Recoverable income taxes	3,495		6,192
Derivatives (foreign currency forward contracts)	2,031		1,062
Prepaid insurance	1,556		2,241
Prepaids and other current assets	16,151		14,279
	$	40,560	$	41,776

Property and Equipment

Property and equipment consist of the following (in thousands):

	March 31, 2013			December 31, 2012
Machinery and equipment	$	359,589		$	356,512
Land, buildings and improvements	95,438			95,047
Furniture and fixtures	13,446			13,397
Leasehold improvements	14,948			14,975
	483,421			479,931
Less allowance for depreciation	(367,355		)	(361,700		)
	$	116,066		$	118,231

Goodwill

The change in goodwill reflected on the balance sheet from December 31, 2012 to March 31, 2013 was the result of foreign currency translation.

Other Intangibles

All of the company’s other intangible assets have been assigned definite lives and continue to be amortized over their useful lives, except for $31,031,000 related to trademarks, which have indefinite lives. The changes in intangible balances reflected on the balance sheet from December 31, 2012 to March 31, 2013 were the result of foreign currency translation and amortization.

The company's intangibles consist of the following (in thousands):

	March 31, 2013				December 31, 2012
	Historical Cost		Accumulated Amortization		Historical Cost		Accumulated Amortization
Customer Lists	$	90,940	$	57,702	$	93,572	$	58,447
Trademarks	31,031		—		31,280		—
License Agreements	3,193		3,193		3,212		3,212
Developed Technology	9,636		5,733		9,650		5,588
Patents	6,023		5,306		6,060		5,234
Other	7,512		7,233		7,571		7,212
	$	148,335	$	79,167	$	151,345	$	79,693

FS-9

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

Amortization expense related to other intangibles was $2,615,000 in the first three months of 2013 and is estimated to be $9,417,000 in 2013, $8,729,000 in 2014, $7,145,000 in 2015, $5,407,000 in 2016, $2,287,000 in 2017 and $2,284,000 in 2018. Amortized intangibles are being amortized on a straight-line basis for periods from 3 to 20 years with the majority of the intangibles being amortized over a life of between 10 and 13 years.

Warranty Costs

Generally, the company's products are covered from the date of sale to the customer by warranties against defects in material and workmanship for various periods depending on the product. Certain components carry a lifetime warranty. A provision for estimated warranty cost is recorded at the time of sale based upon actual experience. The company continuously assesses the adequacy of its product warranty accrual and makes adjustments as needed. Historical analysis is primarily used to determine the company's warranty reserves. Claims history is reviewed and provisions are adjusted as needed. However, the company does consider other events, such as a product recall, which could warrant additional warranty reserve provision. The increase in the liability for pre-existing warranties in 2013 is primarily the result of product recalls.

The following is a reconciliation of the changes in accrued warranty costs for the reporting period (in thousands):

Balance as of January 1, 2013	$	21,451
Warranties provided during the period	3,048
Settlements made during the period	(3,030		)
Changes in liability for pre-existing warranties during the period, including expirations	219
Balance as of March 31, 2013	$	21,688

Long-Term Debt

Debt consists of the following (in thousands):

	March 31, 2013			December 31, 2012
$400,000,000 senior secured revolving credit facility, due in October 2015	$	99,390		$	217,494
Convertible senior subordinated debentures at 4.125%, due in February 2027	10,160			10,009
Other notes and lease obligations	7,068			7,299
	116,618			234,802
Less current maturities of long-term debt	(3,294		)	(5,427		)
	$	113,324		$	229,375

The reduction in debt during the quarter was the result of utilizing the proceeds from the sale of the discontinued operation ISG to reduce borrowing under the company's revolving credit agreement (the “Credit Agreement”). The company's Credit Agreement, entered into on October 28, 2010, provides for a $400 million senior secured revolving credit facility maturing in October 2015. Pursuant to the terms of the Credit Agreement, the company may from time to time borrow, repay and re-borrow up to an aggregate outstanding amount at any one time of $400 million, subject to customary conditions.

In 2007, the company issued $135,000,000 principal amount of Convertible Senior Subordinated Debentures due 2027. The debentures are unsecured senior subordinated obligations of the company guaranteed by substantially all of the company’s domestic subsidiaries, pay interest at 4.125% per annum on each February 1 and August 1, and are convertible upon satisfaction of certain conditions into cash, common shares of the company, or a combination of cash and common shares of the company, subject to certain conditions. The debentures allow the company to satisfy the conversion using any combination of cash or stock, and at the company’s discretion. The company intends to satisfy the accreted value of the debentures using cash. Assuming adequate cash on hand at the time of conversion, the company also intends to satisfy the conversion spread using cash, as opposed to stock.

The company may from time to time seek to retire or purchase its 4.125% Convertible Senior Subordinated Debentures due 2027, in open market purchases, privately negotiated transactions or otherwise. Such purchases or exchanges, if any, will depend

FS-10

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

on prevailing market conditions, the company's liquidity requirements, contractual restrictions and other factors. The amounts involved in any such transactions, individually or in the aggregate, may be material.

The liability components of the company’s convertible debt consist of the following (in thousands):

	March 31, 2013			December 31, 2012
Principal amount of liability component	$	13,350		$	13,350
Unamortized discount	(3,190		)	(3,341		)
Net carrying amount of liability component	$	10,160		$	10,009

The company is a party to interest rate swap agreements to effectively convert a portion of floating rate revolving credit facility debt to fixed rate debt to avoid the risk of changes in market interest rates. Specifically, interest rate swap agreements for notional amounts of $20,000,000 and $25,000,000 through May 2013, $18,000,000 through June 2013, $22,000,000 through September 2013 and $12,000,000 through April 2014 were entered into that fix the LIBOR component of the interest rate on that portion of the revolving credit facility debt at rates of 1.08%, 0.73%, 0.625%, 0.46% and 0.54% respectively, for effective aggregate rates of 3.08%, 2.73%, 2.625%, 2.46% and 2.54%, respectively. As of March 31, 2013, the weighted average floating interest rate on borrowing was 2.20% compared to 2.21% as of December 31, 2012.

Shareholders’ Equity Transactions

The Amended and Restated 2003 Performance Plan, (the “2003 Plan”), allows the Compensation and Management Development Committee of the Board of Directors (the “Committee”) to grant up to 6,800,000 Common Shares in connection with incentive stock options, non-qualified stock options, stock appreciation rights and stock awards (including the use of restricted stock). The maximum aggregate number of Common Shares that may be granted during the term of the 2003 Plan pursuant to all awards, other than stock options, is 1,300,000 Common Shares. The Committee has the authority to determine which participants will receive awards, the amount of the awards and the other terms and conditions of the awards. 

During the three months ended March 31, 2013, the Committee granted 747,450 non-qualified stock options under the 2003 Plan, each having a term of ten years and generally granted at the fair market value of the company’s Common Shares on the date of grant. In addition, restricted stock awards for 114,700 shares were granted without cost to the recipients which vest ratably over the four years after the award date. Compensation expense of $452,000 was recognized during the quarter ended March 31, 2013 related to restricted stock awards and there were outstanding restricted stock awards totaling 364,323 shares that were not vested.

The term of the 2003 Plan will expire on May 21, 2013. The company has submitted a new plan referred to as the Invacare Corporation 2013 Equity Compensation Plan (the “2013 Plan”) to the company's shareholders for approval at the company's 2013 annual meeting scheduled for May 16, 2013. The 2013 Plan, if approved by shareholders, will allow the Committee to grant the following types of awards with respect to shares of the company's common shares: incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, unrestricted stock, and performance shares. Under the 2013 Plan, the Committee also may grant performance units that are payable in cash. The maximum number of company common shares, without par value, available for issuance under the 2013 Plan will not exceed the sum of the following (1) 3,800,000 shares; plus (2) any shares covered by an award under the 2013 Plan or the 2003 Plan that are forfeited or remain unpurchased or undistributed upon termination or expiration of the award.

As of March 31, 2013, there was $17,570,000 of total unrecognized compensation cost from stock-based compensation arrangements granted under the plan, which is related to non-vested options and shares, and includes $5,313,000 related to restricted stock awards. The company expects the compensation expense to be recognized over a weighted-average period of approximately two years.

FS-11

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

The following table summarizes information about stock option activity for the three months ended March 31, 2013:

	March 31, 2013		Weighted Average Exercise Price
Options outstanding at January 1, 2013	4,664,634		$	26.21
Granted	747,450		14.49
Exercised	—		—
Canceled	(147,141	)	21.69
Options outstanding at March 31, 2013	5,264,943		$	24.68
Options exercise price range at March 31, 2013	$ 13.37 to
	47.80
Options exercisable at March 31, 2013	3,044,920
Options available for grant at March 31, 2013*	517,410

 ________________________

 * Options available for grant as of March 31, 2013 reduced by net restricted stock award activity of 795,351.

The following table summarizes information about stock options outstanding at March 31, 2013:

	Options Outstanding				Options Exercisable
Exercise Prices	Number Outstanding At 3/31/13	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price		Number Exercisable At 3/31/13	Weighted Average Exercise Price
$ 13.37 – $15.00	1,443,486	9.7	$	13.96	1,986	$	13.37
$ 15.01 – $25.00	1,725,029	6.0	22.49		1,196,559	22.13
$ 25.01 – $35.00	1,015,637	6.0	25.78		765,585	25.89
$ 35.01 – $47.80	1,080,791	1.4	41.45		1,080,790	41.45
Total	5,264,943	6.0	$	24.68	3,044,920	$	29.93

When stock options are awarded, they generally become exercisable over a four-year vesting period whereby options vest in equal installments each year. Options granted with graded vesting are accounted for as single options. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with assumptions for expected dividend yield, expected stock price volatility, risk-free interest rate and expected life. The assumed expected life is based on the company's historical analysis of option history. The expected stock price volatility is also based on actual historical volatility, and expected dividend yield is based on historical dividends as the company has no current intention of changing its dividend policy.

The 2003 Plan provides that shares granted come from the company's authorized but unissued Common Shares or treasury shares. In addition, the company's stock-based compensation plans allow employee participants to exchange shares for minimum withholding taxes, which results in the company acquiring treasury shares.

FS-12

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

Accumulated Other Comprehensive Income by Component

Changes in accumulated other comprehensive income (OCI) during the period ended March 31, 2013 were as follows (in thousands):

	Foreign Currency	Long-Term Notes		Defined Benefit Plans		Derivatives		Total
December 31, 2012	117,465	2,845		(6,785	)	(782	)	112,743
OCI before reclassifications	194	(1,692	)	123		1,243		(132	)
Amount reclassified from accumulated OCI	—	—		13		253		266
Net current-period OCI	194	(1,692	)	136		1,496		134
March 31, 2013	117,659	1,153		(6,649	)	714		112,877

Reclassifications out of accumulated OCI during the period ended March 31, 2013 were as follows (in thousands):

	Amount reclassified from OCI		Affected line item in the Statement of Comprehensive Income (Loss)
Defined Benefit Plans
Service and interest costs	15		Selling, General and Administrative
Tax	(2	)	Income Taxes
Total after tax	13
Derivatives
Foreign currency forward contracts hedging sales	(136	)	Net Sales
Foreign currency forward contracts hedging purchases	356		Cost of Products Sold
Interest rate swaps	67		Interest Expense
Total before tax	287
Tax	(34	)	Income Taxes
Total after tax	253

Charges Related to Restructuring Activities

The company's restructuring charges were necessitated primarily by continued declines in Medicare and Medicaid reimbursement by the U.S. government, as well as similar healthcare reimbursement pressures abroad, which negatively affect the company's customers (e.g. home health care providers) and continued pricing pressures faced by the company as a result of outsourcing by competitors to lower cost locations. While the company's restructuring efforts have been executed on a timely basis resulting in operating cost savings, the savings have been more than offset by continued margin decline, principally as a result of product mix, and higher regulatory and compliance costs related to quality system improvements which are unrelated to the restructuring actions. The company expects any near-term cost savings from restructuring will be offset by higher regulatory and compliance costs related to quality system improvements at least until the company has completed its quality systems remediation efforts.

The company's restructuring commenced in the second quarter of 2011 with the company's decision to close the Hong, Denmark assembly facility as part of the company's ongoing globalization initiative to reduce complexity in the company's supply chain which is intended to reduce expenses to help offset pricing pressures. In the third quarter of 2011, the company continued to execute on the closure of the Hong, Denmark assembly facility and initiated the closure of a smaller facility in the U.S. Charges for the quarter ended December 31, 2011 were primarily incurred at the company's corporate headquarters for severance, with additional costs incurred as a result of the closure of the Hong, Denmark facility. The facility closures were completed in 2012 in addition to the elimination of various positions principally in the North America/Home Medical Equipment (HME) and Asia/Pacific segments.

FS-13

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

Charges for the year ended December 31, 2011 totaled $10,534,000 including charges for severance ($8,352,000), contract exit costs primarily related to the closure of the Hong, Denmark assembly facility ($1,788,000) and inventory write-offs ($277,000) recorded in cost of products sold and miscellaneous costs ($117,000). The majority of the 2011 North America/HME charges were incurred for severance, primarily at the corporate headquarters as the result of the elimination of various positions principally in sales and administration in Elyria, Ohio. These eliminations were permanent reductions in workforce which primarily resulted in reduced selling, general and administrative expenses. In Europe, the charges were the result of the closure of the company's Hong, Denmark facility. The assembly activities were transferred to other company facilities or outsourced to third parties. This closure enabled the company to reduce fixed operating costs related to the facility and reduce headcount with the transfer of a portion of the production to other company facilities. The majority of the 2011 charges have now been paid out and were funded with operating cash flows.

Charges for the year ended December 31, 2012 totaled $11,395,000 including charges for severance ($6,775,000), lease termination costs ($1,725,000), building and asset write-downs, primarily related to the closure of the Hong, Denmark assembly facility, and other miscellaneous charges in Europe and Asia/Pacific ($2,404,000) and inventory write-offs ($491,000) in Asia/Pacific recorded in cost of products sold. Severance charges were primarily incurred in the North America/HME segment ($4,242,000), Asia/Pacific segment ($1,681,000) and Europe segment ($817,000). The charges were incurred as a result of the elimination of various positions as part of the company's globalization initiatives. In addition, a portion of the North America/HME segment severance was related to positions eliminated, principally in sales and marketing as well as manufacturing, at the company's Taylor Street facility as a result of the FDA consent decree. The savings from these charges will be reflected primarily in reduced selling, general and administrative expenses and manufacturing expenses for the company. In Europe, positions were eliminated as a result of finalizing the exit from the manufacturing facility in Denmark and an elimination of a senior management position in Switzerland. In Asia/Pacific, the company's management approved in the fourth quarter of 2012 a plan to restructure the company's operations in this segment. In Australia, the company consolidated offices / warehouses, decreased staffing and exited various activities while returning to a focus on distribution. At the company's subsidiary, which produces microprocessor controllers, the company decided to cease the contract manufacturing business for companies outside of the healthcare industry. Payments for the year ended December 31, 2012 were $9,381,000 and were funded with operating cash flows. The majority of the 2012 charges are expected to be paid out during 2013.

Restructuring continued during the quarter ended March 31, 2013 resulting in restructuring charges of $2,522,000 in the first three months of 2013 principally for severance in NA/HME and Asia/Pacific and to a lesser extent Europe and IPG as a result of the permanent elimination of certain management positions. Payments for the quarter ended March 31, 2013 were $4,022,000 and were funded with operating cash flows. The majority of the outstanding charge accruals at March 31, 2013 are expected to be paid out within the next twelve months.

There have been no material changes in accrued balances related to the charges, either as a result of revisions in the plan or changes in estimates. In addition, the savings anticipated as a result of the company's restructuring plans have been or are expected to be achieved, primarily resulting in reduced salary and benefit costs principally impacting selling, general and administrative expenses, and to a lesser extent, costs of products sold. However, these savings have been more than offset by continued margin decline, principally as a result of product mix, and higher regulatory and compliance costs related to quality system improvements, which are unrelated to the restructuring actions. To date, the company's liquidity has not been materially impacted by the company's restructuring charges.

FS-14

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

A progression by reporting segment of the accruals recorded as a result of the restructuring is as follows (in thousands):

	Severance			Product Line Discontinuance			Contract Terminations			Other			Total
December 31, 2010 Balance
Total	$	—		$	—		$	—		$	—		$	—
Charges
NA/HME	4,755			—			—			4			4,759
IPG	123			—			—			—			123
Europe	3,288			277			1,788			113			5,466
Asia/Pacific	186			—			—			—			186
Total	8,352			277			1,788			117			10,534
Payments
NA/HME	(1,663		)	—			—			(4		)	(1,667		)
IPG	(52		)	—			—			—			(52		)
Europe	(1,546		)	(277		)	(1,714		)	(113		)	(3,650		)
Asia/Pacific	(186		)	—			—			—			(186		)
Total	(3,447		)	(277		)	(1,714		)	(117		)	(5,555		)
December 31, 2011 Balance
NA/HME	3,092			—			—			—			3,092
IPG	71			—			—			—			71
Europe	1,742			—			74			—			1,816
Asia/Pacific	—			—			—			—			—
Total	4,905			—			74			—			4,979
Charges
NA/HME	4,242			—			5			—			4,247
IPG	35			—			—			—			35
Europe	817			—			53			1,223			2,093
Asia/Pacific	1,681			491			1,667			1,181			5,020
Total	6,775			491			1,725			2,404			11,395
Payments
NA/HME	(3,587		)	—			(5		)	—			(3,592		)
IPG	(106		)	—			—			—			(106		)
Europe	(1,964		)	—			(127		)	(1,223		)	(3,314		)
Asia/Pacific	(812		)	(340		)	(42		)	(1,175		)	(2,369		)
Total	(6,469		)	(340		)	(174		)	(2,398		)	(9,381		)
December 31, 2012 Balance
NA/HME	3,747			—			—			—			3,747
IPG	—			—			—			—			—
Europe	595			—			—			—			595
Asia/Pacific	869			151			1,625			6			2,651
Total	5,211			151			1,625			6			6,993

FS-15

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

	Severance			Product Line Discontinuance			Contract Terminations			Other			Total
Charges
NA/HME	1,679			—			—			$	—		1,679
IPG	189			—			—			—			189
Europe	115			—			—			—			115
Asia/Pacific	453			—			86			—			539
Total	2,436			—			86			—			2,522
Payments
NA/HME	(2,005		)	—			—			—			(2,005		)
IPG	(17		)	—			—			—			(17		)
Europe	(461		)	—			—			—			(461		)
Asia/Pacific	(618		)	(151		)	(766		)	(4		)	(1,539		)
Total	(3,101		)	(151		)	(766		)	(4		)	(4,022		)
March 31, 2013 Balance
NA/HME	3,421			—			—			—			3,421
IPG	172			—			—			—			172
Europe	249			—			—			—			249
Asia/Pacific	704			—			945			2			1,651
	$	4,546		$	—		$	945		$	2		$	5,493

Income Taxes

The company had an effective tax rate of 62.2% on earnings before tax for the three month period ended March 31, 2013 compared to an expected rate at the U.S. statutory rate of 35%. The company's effective tax rate for the three months endedMarch 31, 2013 was greater than the U.S. federal statutory rate, principally due to an intraperiod tax allocation resulting in recognizing a tax benefit for the continuing loss in the United States as part of the annual effective tax rate. The rate was benefitted by taxes outside the United States, excluding countries with valuation allowances that are in losses in 2013, at a lower rate than the U.S. statutory rate. The company had an effective tax rate of 22.9% on earnings before tax for the three month period ended March 31, 2012, respectively, compared to an expected rate at the U.S. statutory rate of 35%. The company's effective tax rate for the three months ended March 31, 2012 was lower than the U.S. federal statutory rate, principally due to foreign earnings taxed at an effective rate lower than the U.S. statutory rate. The company also benefited from countries with valuation allowances included in the combined effective rate due to expected profits for 2012.

FS-16

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

Net Earnings (Loss) Per Common Share

The following table sets forth the computation of basic and diluted net earnings (loss) per common share for the periods indicated.

(In thousands except per share data)	For the Three Months Ended March 31,
	2013			2012
Basic
Average common shares outstanding	31,902			31,819
Net earnings (loss) from continuing operations	$	(4,533	)	$	5,605
Net earnings from discontinued operations	$	39,714		$	2,628
Net earnings	$	35,181		$	8,233
Net earnings (loss) per common share from continuing operations	$	(0.14	)	$	0.18
Net earnings per common share from discontinued operations	$	1.24		$	0.08
Net earnings per common share	$	1.10		$	0.26
Diluted
Average common shares outstanding	31,902			31,819
Shares related to convertible debt	—			—
Stock options and awards	32			3
Average common shares assuming dilution	31,934			31,822
Net earnings (loss) from continuing operations	$	(4,533	)	$	5,605
Net earnings from discontinued operations	$	39,714		$	2,628
Net earnings	$	35,181		$	8,233
Net earnings (loss) per common share from continuing operations *	$	(0.14	)	$	0.18
Net earnings per common share from discontinued operations	$	1.24		$	0.08
Net earnings per common share	$	1.10		$	0.26

* Net loss per common share assuming dilution calculated utilizing weighted average shares outstanding-basic for the period in which there was a net loss.

For the three months endedMarch 31, 2013, 5,103,319 shares associated with stock options were excluded from the average common shares assuming dilution as they were anti-dilutive. At March 31, 2013, the majority of the anti-dilutive shares were granted at an exercise price of $41.87, which was higher than the average fair market value price of $15.41for the three months endedMarch 31, 2013. For the three months endedMarch 31, 2012, 4,287,922 shares associated with stock options were excluded from the average common shares assuming dilution as they were anti-dilutive. At March 31, 2012, the majority of the anti-dilutive shares were granted at an exercise price of $24.45, which was higher than the average fair market value price of $16.74for the three months endedMarch 31, 2012. For the three months endedMarch 31, 2013 and March 31, 2012, there were no shares necessary to settle a conversion spread on the convertible notes to be included in the common shares assuming dilution as the average market price of the company stock for 2012 did not exceed the conversion price.

Concentration of Credit Risk

The company manufactures and distributes durable medical equipment and supplies to the home health care, retail and extended care markets. The company performs credit evaluations of its customers’ financial condition. Invacare utilizes De Lage Landen, Inc. (“DLL”), a third party financing company, to provide the majority of future lease financing to Invacare’s North America customers. The DLL agreement provides for direct leasing between DLL and the Invacare customer. The company retains a recourse obligation which was $9,233,000 at March 31, 2013 to DLL for events of default under the leasing contracts, which total $59,600,000 at March 31, 2013. The company monitors the collections status of these contracts and has provided amounts

FS-17

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

for estimated losses in its allowances for doubtful accounts in accordance with Receivables, ASC 310-10-05-4. Credit losses are provided for in the financial statements.

Substantially all of the company’s receivables are due from health care, medical equipment providers and long term care facilities located throughout the United States, Australia, Canada, New Zealand and Europe. A significant portion of products sold to dealers, both foreign and domestic, is ultimately funded through government reimbursement programs such as Medicare and Medicaid. The company has also seen a significant shift in reimbursement to customers from managed care entities. As a consequence, changes in these programs can have an adverse impact on dealer liquidity and profitability. In addition, reimbursement guidelines in the home health care industry have a substantial impact on the nature and type of equipment an end user can obtain as well as the timing of reimbursement and, thus, affect the product mix, pricing and payment patterns of the company’s customers.

Derivatives

ASC 815 requires companies to recognize all derivative instruments in the consolidated balance sheet as either assets or liabilities at fair value. The accounting for changes in fair value of a derivative is dependent upon whether or not the derivative has been designated and qualifies for hedge accounting treatment and the type of hedging relationship. For derivatives designated and qualifying as hedging instruments, the company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation.

Cash Flow Hedging Strategy

The company uses derivative instruments in an attempt to manage its exposure to foreign currency exchange risk and interest rate risk. Foreign currency forward exchange contracts are used to manage the price risk associated with forecasted sales denominated in foreign currencies and the price risk associated with forecasted purchases of inventory over the next twelve months. Interest rate swaps are, at times, utilized to manage interest rate risk associated with the company’s fixed and floating-rate borrowings.

The company recognizes its derivative instruments as assets or liabilities in the consolidated balance sheet measured at fair value. A majority of the company’s derivative instruments are designated and qualify as cash flow hedges. Accordingly, the effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The remaining gain or loss on the derivative instrument in excess of the cumulative change in the fair value of the hedged item, if any, is recognized in current earnings during the period of change.

During the first three months of 2013 and 2012, the company was a party to interest rate swap agreements that qualified as cash flow hedges and effectively converted floating-rate debt to fixed-rate debt, so the company could avoid the risk of changes in market interest rates. The gains or losses on interest rate swaps are reflected in interest expense on the consolidated statement of comprehensive income (loss).

To protect against increases/decreases in forecasted foreign currency cash flows resulting from inventory purchases/sales over the next year, the company utilizes foreign currency forward contracts to hedge portions of its forecasted purchases/sales denominated in foreign currencies. The gains and losses are included in cost of products sold and selling, general and administrative expenses on the consolidated statement of comprehensive income (loss). If it is later determined that a hedged forecasted transaction is unlikely to occur, any prospective gains or losses on the forward contracts would be recognized in earnings. The company does not expect any material amount of hedge ineffectiveness related to forward contract cash flow hedges during the next twelve months.

The company has historically not recognized any material amount of ineffectiveness related to forward contract cash flow hedges because the company generally limits its hedges to between 60% and 90% of total forecasted transactions for a given entity’s exposure to currency rate changes and the transactions hedged are recurring in nature. Furthermore, the majority of the hedged transactions are related to intercompany sales and purchases for which settlement occurs on a specific day each month. Forward contracts with a total notional amount in USD of $33,494,000 matured during the three months ended March 31, 2013 compared to forward contracts with a total notional amount in USD of $36,967,000 that matured during the three months ended March 31, 2012.

FS-18

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

Outstanding foreign currency forward exchange contracts qualifying and designated for hedge accounting treatment were as follows (in thousands USD):

	March 31, 2013					December 31, 2012
	Notional Amount		Unrealized Net Gain (Loss)			Notional Amount		Unrealized Net Gain (Loss)
USD / AUD	$	1,289	$	(19	)	$	—	$	—
USD / CAD	26,998		(95		)	17,620		(6		)
USD / CNY	2,526		(21		)	—		—
USD / CHF	704		25			—		—
USD / EUR	46,336		(756		)	59,510		(797		)
USD / GBP	1,940		102			2,519		(3		)
USD / NZD	3,965		32			—		—
USD / SEK	5,940		144			—		—
USD / MXP	6,855		430			6,954		141
EUR / CAD	1,256		—			—		—
EUR / CHF	4,601		79			—		—
EUR / GBP	15,675		156			2,077		46
EUR / SEK	1,505		(7		)	—		—
EUR / NZD	5,450		311			5,749		105
GBP / AUD	574		(23		)	—		—
GBP / CHF	887		(6		)	—		—
GBP / SEK	3,302		291			4,154		25
DKK / SEK	4,441		95			6,397		(47		)
NOK / SEK	2,681		103			3,428		(4		)
	$	136,925	$	841		$	108,408	$	(540	)

Derivatives Not Qualifying or Designated for Hedge Accounting Treatment

The company also utilizes foreign currency forward contracts that are not designated as hedges in accordance with ASC 815. These contracts are entered into to eliminate the risk associated with the settlement of short-term intercompany trading receivables and payables between Invacare Corporation and its foreign subsidiaries. The currency forward contracts are entered into at the same time as the intercompany receivables or payables are created so that upon settlement, the gain/loss on the settlement is offset by the gain/loss on the foreign currency forward contract. No material net gain or loss was realized by the company in 2013 or 2012 related to these forward contracts and the associated short-term intercompany trading receivables and payables.

FS-19

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

Foreign currency forward exchange contracts not qualifying or designated for hedge accounting treatment entered into in 2013 and 2012, respectively, and outstanding were as follows (in thousands USD):

	March 31, 2013					March 31, 2012
	Notional Amount		Gain (Loss)			Notional Amount		Gain (Loss)
CAD / USD	$	24,120	$	(544	)	$	7,138	$	77
CHF / USD	—		—			3,315		63
DKK / USD	22,970		(598		)	8,137		(73		)
NZD / USD	—		—			1,377		7
SEK / CAD	—		—			2,483		(2		)
AUD / EUR	1,500		(35		)	—		—
AUD / GBP	2,966		6			—		—
AUD / NZD	—		—			1,066		11
	$	51,556	$	(1,171	)	$	23,516	$	83

The fair values of the company’s derivative instruments were as follows (in thousands):

	March 31, 2013				December 31, 2012
	Assets		Liabilities		Assets		Liabilities
Derivatives designated as hedging instruments under ASC 815
Foreign currency forward contracts	$	2,024	$	1,183	$	375	$	915
Interest rate swap contracts	—		120		—		316
Derivatives not designated as hedging instruments under ASC 815
Foreign currency forward contracts	7		1,178		687		142
Total derivatives	$	2,031	$	2,481	$	1,062	$	1,373

The fair values of the company’s foreign currency forward assets and liabilities are included in Other Current Assets and Accrued Expenses, respectively in the Consolidated Balance Sheets.

FS-20

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

The effect of derivative instruments on the Statement of Comprehensive Income (Loss) and Other Comprehensive Income (OCI) was as follows (in thousands):

Derivatives in ASC 815 cash flow hedge relationships	Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)		Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)			Amount of Gain (Loss) Recognized in Income on Derivatives  (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Three months ended March 31, 2013
Foreign currency forward contracts	$	1,601	$	(220	)	$	57
Interest rate swap contracts	263		(67		)	—
	$	1,864	$	(287	)	$	57
Three months ended March 31, 2012
Foreign currency forward contracts	$	10	$	779		$	—
Interest rate swap contracts	110		—			—
	$	120	$	779		$	—
Derivatives not designated as hedging instruments under ASC 815						Amount of Gain (Loss) Recognized in Income on Derivatives
Three months ended March 31, 2013
Foreign currency forward contracts						$	(1,171	)
Three months ended March 31, 2012
Foreign currency forward contracts						$	83

The pre-tax gains or losses recognized as the result of the settlement of cash flow hedge foreign currency forward contracts are recognized in net sales for hedges of inventory sales or cost of product sold for hedges of inventory purchases. For the three months ended March 31, 2013, net sales were increased by $136,000 and cost of product sold was increased by $356,000 for a net realized loss of $220,000. For the three months ended March 31, 2012, net sales were increased by $258,000 and cost of product sold was decreased by $564,000 for a net realized gain of $822,000.

The company recognized expense of $226,000 and expense of $126,000 for the three months ended March 31, 2013 and March 31, 2012, respectively, related to interest rate swap agreements, which is reflected in interest expense on the consolidated statement of comprehensive income (loss).

A loss of $1,171,000 and a gain of $83,000 was recognized in selling, general and administrative (SG&A) expenses for the three months ended March 31, 2013 and March 31, 2012, respectively, on forward contracts not designated as hedging instruments that are entered into to offset gains/losses also recorded in SG&A expenses on intercompany trade payables. Any gains/losses on the non designated hedging instruments were substantially offset by gains/losses also recorded in SG&A expenses on intercompany trade payables.

The company has entered into foreign exchange forward contracts and interest rate swap contracts (the “agreements”) with various bank counterparties, each of which are subject to provisions which are similar to a master netting agreement. The agreements provide for a net settlement payment in a single currency upon a default by the company. Furthermore, the agreements provide the counterparty with a right of set off in the event of a default that would enable the counterparty to offset any net payment due by the counterparty to the company under the applicable agreement by any amount due by the company to the counterparty under any other agreement. For example, the terms of the agreement would permit a counterparty to a derivative contract that is also a lender under the company's senior revolving credit agreement (the “Credit Agreement”) to reduce any derivative settlement amounts owed to the company under the derivative contract by any amounts owed to the counterparty by the company under the Credit Agreement. In addition, the agreements contain cross-default provisions that could trigger a default by the company under the agreement in the event of a default by the company under another agreement with the same counterparty. The company does not

FS-21

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

present any derivatives on a net basis in its financial statements and all derivative balances presented are subject to provisions that are similar to master netting agreements.

Fair Values

Pursuant to ASC 820, the inputs used to derive the fair value of assets and liabilities are analyzed and assigned a level I, II or III priority, with level I being the highest and level III being the lowest in the hierarchy. Level I inputs are quoted prices in active markets for identical assets or liabilities. Level II inputs are quoted prices for similar assets or liabilities in active markets: quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets. Level III inputs are based on valuations derived from valuation techniques in which one or more significant inputs are unobservable.

The following table provides a summary of the company’s assets and liabilities that are measured on a recurring basis (in thousands).

				Basis for Fair Value Measurements at Reporting Date
				Quoted Prices in Active Markets for Identical Assets / (Liabilities)	Significant Other Observable Inputs			Significant Other Unobservable Inputs
	Total			Level I	Level II			Level III
March 31, 2013:
Forward Exchange Contracts—net	$	(330	)	—	$	(330	)	—
Interest Rate Swap Agreements—net	(120		)	—	(120		)	—
December 31, 2012:
Forward Exchange Contracts—net	$	5		—	$	5		—
Interest Rate Swap Agreements—net	(316		)	—	(316		)	—

Forward Contracts: The company operates internationally and as a result is exposed to foreign currency fluctuations. Specifically, the exposure includes intercompany and third party sales or payments as well as intercompany loans. In an attempt to reduce this exposure, foreign currency forward contracts are utilized and accounted for as hedging instruments. The forward contracts are used to hedge the following currencies: AUD, CAD, CHF, CNY, DKK, EUR, GBP, MXP, NOK, NZD, SEK and USD. The company does not use derivative financial instruments for speculative purposes. Fair values for the company’s foreign currency forward exchange contracts are based on quoted market prices for contracts with similar maturities.

The carrying values and fair values of the company’s financial instruments are as follows (in thousands):

	March 31, 2013						December 31, 2012
	Carrying Value			Fair Value			Carrying Value			Fair Value
Cash and cash equivalents	$	25,081		$	25,081		$	38,791		$	38,791
Other investments	1,190			1,190			1,171			1,171
Installment receivables, net of reserves	2,465			2,465			2,594			2,594
Long-term debt (including current maturities of long-term debt)	(116,618		)	(115,392		)	(234,802		)	(234,072		)
Forward contracts in Other Current Assets	2,031			2,031			1,062			1,062
Forward contracts in Accrued Expenses	(2,361		)	(2,361		)	(1,057		)	(1,057		)
Interest rate swap agreements in Accrued Expenses	(120		)	(120		)	(316		)	(316		)

FS-22

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

The company, in estimating its fair value disclosures for financial instruments, used the following methods and assumptions:

Cash, cash equivalents: The carrying value reported in the balance sheet for cash, cash equivalents equals its fair value.

Other investments: The company has made other investments in limited partnerships and non-marketable equity securities, which are accounted for using the cost method, adjusted for any estimated declines in value. These investments were acquired in private placements and there are no quoted market prices or stated rates of return and the company does not have the ability to easily sell these investments.

Installment receivables: The carrying value reported in the balance sheet for installment receivables approximates its fair value. The interest rates associated with these receivables have not varied significantly since inception. Management believes that after consideration of the credit risk, the net book value of the installment receivables approximates market value.

Long-term debt: Fair values for the company’s convertible debt and revolving credit facility are based upon the company’s estimate of the market for similar borrowing arrangements.

Forward contracts and interest rate swaps: Fair values for the company’s forward contracts are based on quoted market prices, while the fair values of the interest rate swaps are based on model-derived calculations using inputs that are observable in active markets.

Business Segments

The company operates in four primary business segments: North America/Home Medical Equipment (North America/HME), Institutional Products Group (IPG), Europe and Asia/Pacific. The North America/HME segment sells each of three primary product lines, which includes: lifestyle, mobility and seating and respiratory therapy products. IPG sells or rents long-term care medical equipment, health care furnishings and accessory products. Europe and Asia/Pacific sell product lines similar to North America/HME and IPG. Each business segment sells to the home health care, retail and extended care markets.

The company evaluates performance and allocates resources based on profit or loss from operations before income taxes for each reportable segment. The accounting policies of each segment are the same as those described in the summary of significant accounting policies for the company’s consolidated financial statements. Intersegment sales and transfers are based on the costs to manufacture plus a reasonable profit element. Therefore, intercompany profit or loss on intersegment sales and transfers is not considered in evaluating segment performance except for Asia/Pacific due to its significant intercompany sales volume relative to the segment.

FS-23

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

The information by segment is as follows (in thousands):

	For the Three Months Ended March 31,
	2013			2012
Revenues from external customers
North America/HME	$	152,157		$	176,119
Institutional Products Group	35,128			36,138
Europe	137,634			125,303
Asia/Pacific	12,697			17,540
Consolidated	$	337,616		$	355,100
Intersegment revenues
North America/HME	$	18,836		$	29,111
Institutional Products Group	1,383			1,824
Europe	1,953			1,978
Asia/Pacific	6,882			10,530
Consolidated	$	29,054		$	43,443
Restructuring charges before income taxes
North America/HME	$	1,679		$	117
Institutional Products Group	188			35
Europe	115			291
Asia/Pacific	540			118
Consolidated	$	2,522		$	561
Earnings (loss) before income taxes
North America/HME	$	(11,352	)	$	5,696
Institutional Products Group	1,847			3,378
Europe	5,843			5,485
Asia/Pacific	(2,261		)	(1,061		)
All Other (1)	(6,060		)	(6,225		)
Consolidated	$	(11,983	)	$	7,273

  ________________________

(1) Consists of un-allocated corporate SG&A costs and intercompany profits, which do not meet the quantitative criteria for determining reportable segments. In addition, the “All Other” earnings (loss) before income taxes includes loss on debt extinguishment including debt finance charges, interest and fees.

Contingencies

General

In the ordinary course of its business, Invacare is a defendant in a number of lawsuits, primarily product liability actions in which various plaintiffs seek damages for injuries allegedly caused by defective products. All of the product liability lawsuits have been referred to the company's captive insurance company and/or excess insurance carriers and generally are contested vigorously. The coverage territory of the company's insurance is worldwide with the exception of those countries with respect to which, at the time the product is sold for use or at the time a claim is made, the U.S. government has suspended or prohibited diplomatic or trade relations. The amount recorded for identified contingent liabilities is based on estimates. Amounts recorded are reviewed periodically and adjusted to reflect additional technical and legal information that becomes available. Actual costs to be incurred in future periods may vary from the estimates, given the inherent uncertainties in evaluating certain exposures.

As a medical device manufacturer, the company is subject to extensive government regulation, including numerous laws directed at preventing fraud and abuse and laws regulating reimbursement under various government programs. The marketing,

FS-24

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

invoicing, documenting and other practices of health care suppliers and manufacturers are all subject to government scrutiny. Violations of law or regulations can result in administrative, civil and criminal penalties and sanctions, including disqualification from Medicare and other reimbursement programs, which could have a material adverse effect on the company's business.

FDA Matters

The FDA regulates virtually all aspects of the development, testing, manufacturing, labeling, promotion, distribution and marketing of a medical device. The company's failure to comply with the regulatory requirements of the FDA and other applicable U.S. medical device regulatory requirements may subject the company to administrative or judicially imposed sanctions. These sanctions include warning letters, civil penalties, criminal penalties, injunctions, consent decrees, product seizure or detention, product recalls and total or partial suspension of production.

As part of its regulatory function, the FDA routinely inspects the sites of medical device companies, and in 2011 and 2010, the FDA inspected certain of the company's facilities. As previously disclosed, in December 2011, the FDA requested that the company agree to a consent decree of injunction with respect to the company's corporate facility and its wheelchair manufacturing facility in Elyria, Ohio, the proposed terms of which required the suspension of certain operations at those facilities until they are certified by the company and then determined by FDA to be in compliance with FDA quality system regulations.

In December 2012, the company reached agreement with the FDA on the terms of the consent decree, which was approved and made effective by the U.S. District Court for the Northern District of Ohio on December 21, 2012. The consent decree limits the company's manufacture and distribution of custom power and manual wheelchairs, wheelchair components and wheelchair sub-assemblies at or from its Taylor Street manufacturing facility. The decree also temporarily limits design activities related to wheelchairs and power beds that take place at the impacted Elyria, Ohio facilities. However, the company is entitled to continue to produce from the Taylor Street manufacturing facility certain medically necessary products, as well as ongoing replacement, service and repair of products already in use, under terms delineated in the consent decree and is able to fulfill purchase orders and quotes that were in the company's order fulfillment system prior to the effective date of the decree. Under the terms of the consent decree, in order to resume full operations at the impacted facilities, the company must successfully complete a third-party expert certification audit and receive written notification from the FDA. The certification audit is to be comprised of three distinct reports. The expert certification audit will be followed by an FDA inspection of the company's compliance with the quality system regulations. Each of the three audits will result in a third-party expert report that will then be reviewed by the FDA which will complete its own review procedures. Once satisfied with the company's compliance, the FDA will provide written notification that the company is permitted to resume full operations at the impacted facilities.

At the time of filing this quarterly report on Form 10-Q, the company has completed the first two of its third-party expert certification audits and is providing some follow-up information requested by the FDA with respect to one of them. In these reports, the third-party expert certified that the company's equipment and process validation procedures and its design control systems are compliant with the FDA's Quality System Regulation. The company expects to receive the FDA's response within a few weeks based upon the terms of the consent decree. Receiving the FDA's approval on the first certification audit would permit the company's Taylor Street facility to resume supplying parts and components for the further manufacturing of medical devices at other Invacare facilities. Once the company receives the FDA's approval on the second certification report, the company may resume design activities at the corporate and Taylor Street facilities, which will enable it to refocus its engineering resources on new product development. The third, most comprehensive third-party certification audit is a comprehensive review of the company's compliance with the FDA's Quality System Regulation at the impacted Elyria facilities. As of the time of this filing, the third expert certification audit has commenced, and the company plans to complete the audit in the second quarter of 2013. Because the FDA has the authority to reinspect at any time, the company cannot determine whether the FDA will elect to inspect after either the first or second third-party expert audits. The company began its third, final and most comprehensive third party certification audit in late March.  The company's goal has been and continues to be to get the third certification audit completed in the second quarter.   Based on the scope and complexity of this very comprehensive audit and recent discussions with our third party expert, the company's June 30 goal is aggressive.  Nevertheless, the company is working diligently to accomplish its original goal of finalizing the report by June 30, 2013. Once completed, according to the consent decree, the FDA has thirty (30) days after receipt of the third expert certification audit results to commence its own inspection. It is not possible for the company to estimate the timing or potential response of the FDA's inspection and subsequent written notifications. Once the company receives written notification from the FDA that the Corporate and Taylor Street facilities appear to be in compliance, the company may resume full operations at those facilities. Once the company receives written notification from the FDA that the Corporate and Taylor Street facilities appear to be in compliance, the company may resume full operations at those facilities.

FS-25

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

As described above, because the limitations on production will only be temporary in nature, and partial production will be allowed, the company does not anticipate any major repair, replacement or scrapping of its fixed assets at the Taylor Street manufacturing facility. Based on the company's expectations at the time of filing of this Quarterly Report on Form 10-Q with respect to the time frame for completion of the third-party expert certifications audits and FDA inspection and with respect to future cash flows from production at the Taylor Street manufacturing facility, the company concluded that there is no impairment in the value of the fixed assets related to the Taylor Street manufacturing facility at March 31, 2013.

The majority of the production from the Taylor Street facility is "made to order" for customers and, as a result, there was not a significant amount of finished goods inventory on hand at March 31, 2013. At the time of filing this Quarterly Report on Form 10-Q, the company believed that it would be able to obtain substantially all of the documentation required under the consent decree in order to complete the manufacture and shipment from the Taylor Street facility of the orders in the company's order fulfillment system at the time of the effectiveness of the consent decree and thus, the company concluded that there was not an impairment of the work in process and finished goods at the Taylor Street facility at March 31, 2013. Further, based on its analysis of the raw material inventory at the Taylor Street facility and the company's expectations at the time of filing of this Quarterly Report on Form 10-Q with respect to the time frame for completion of the third-party expert certification audits and FDA inspection, the company concluded that the value of the inventory was not excessive or impaired at March 31, 2013. However, if the company's expectations regarding the impacts of the limitations in the consent decree or the time frame for completion of the third-party expert certification audits and FDA inspection were to change, the company may, in future periods, conclude that an impairment exists with respect to its fixed assets or inventory at the Taylor Street facility.

The North America/HME segment is the segment primarily impacted by the limitations in the consent decree. During 2012, before the effectiveness of the consent decree, the company started to experience decreases in net sales in this segment. Those decreases were primarily related to delays in new product introductions, uncertainty on the part of the company's customers as they coped with prepayment reviews and post-payment audits by the Centers for Medicare and Medicaid Services and contemplated their participation in the next round of National Competitive Bidding, and, the company believes, uncertainty regarding the resolution of the consent decree which limited the company's ability to renegotiate and bid on certain supply contracts and otherwise led to a decline in customer orders. While the consent decree has only been effective for a few months at the time of filing of this Quarterly Report on Form 10-Q, the negative effect on customer orders and net sales has been considerable and the company expects to experience further declines in net sales as a result of the limitations imposed by the consent decree. The company expects to continue to experience decreased net sales in the segment until it has successfully completed the previously-described third-party expert certification audit and FDA inspection and has received written notification from the FDA that the company may resume full operations. Even after the company receives the FDA notification, it is uncertain as to whether, or how quickly, the company will be able to rebuild net sales to more typical historical levels, irrespective of market conditions. Accordingly, the limitations in the consent decree had, and likely will continue to have, a material adverse effect on the company's business, financial condition and results of operations.

For additional information regarding the consent decree, please see the following sections of the company's Annual Report on Form 10-K for the period ending December 31, 2012: Item 1. Business - Government Regulation and Item 1A. Risk Factors and the following sections of this Quarterly Report on Form 10-Q: Item 1. Legal Proceedings; and Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations - Outlook and - Liquidity and Capital Resources.

In addition, in December 2010, the company received a warning letter from the FDA related to quality system processes and procedures at the company's Sanford, Florida facility. The company has taken these issues very seriously and has added resources to ensure it is addressing all of the FDA's concerns in a timely manner. However, the results of regulatory claims, proceedings, investigations, or litigation are difficult to predict. An unfavorable resolution or outcome of the FDA warning letter could materially and adversely affect the company's business, financial condition, and results of operations.

Any of the above contingencies could have an adverse impact on the company's financial condition or results of operations.

FS-26

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

Supplemental Guarantor Information

Effective February 12, 2007, substantially all of the domestic subsidiaries (the “Guarantor Subsidiaries”) of the company became guarantors of the indebtedness of Invacare Corporation under its 4.125% Convertible Senior Subordinated Debentures due 2027 (the “Debentures”) with an original aggregate principal amount of $135,000,000. The majority of the company’s subsidiaries are not guaranteeing the indebtedness of the Debentures (the “Non-Guarantor Subsidiaries”). Each of the Guarantor Subsidiaries has fully and unconditionally guaranteed, on a joint and several basis, to pay principal, premium, and interest related to the Debentures and each of the Guarantor Subsidiaries are directly or indirectly wholly-owned subsidiaries of the company.

Presented below are the consolidating condensed financial statements of Invacare Corporation (Parent), its combined Guarantor Subsidiaries and combined Non-Guarantor Subsidiaries with their investments in subsidiaries accounted for using the equity method. The company does not believe that separate financial statements of the Guarantor Subsidiaries are material to investors and accordingly, separate financial statements and other disclosures related to the Guarantor Subsidiaries are not presented.

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Total
Three month period ended March 31, 2013	(in thousands)
Net sales	$	60,909		$	124,615		$	173,925		$	(21,833	)	$	337,616
Cost of products sold	52,353			89,834			121,705			(22,054		)	241,838
Gross Profit	8,556			34,781			52,220			221			95,778
Selling, general and administrative expenses	34,863			23,835			43,977			1,344			104,019
Charge related to restructuring activities	1,671			—			851			—			2,522
Income (loss) from equity investee	48,018			5,808			65			(53,891		)	—
Interest expense (income)—net	(45		)	646			619			—			1,220
Earnings (Loss) from Continuing Operations before Income Taxes	20,085			16,108			6,838			(55,014		)	(11,983		)
Income taxes (benefit)	(15,096		)	—			7,646			—			(7,450		)
Net Earnings (Loss) from Continuing Operations	35,181			16,108			(808		)	(55,014		)	(4,533		)
Net Earnings from Discontinued Operations	—			39,714			—			—			39,714
Net Earnings (loss)	$	35,181		$	55,822		$	(808	)	$	(55,014	)	$	35,181
Other Comprehensive Income (Loss), Net of Tax	134			(2,186		)	1,787			399			134
Comprehensive Income (Loss)	$	35,315		$	53,636		$	979		$	(54,615	)	$	35,315

FS-27

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Total
Three month period ended March 31, 2012	(in thousands)
Net sales	$	90,032		$	124,653		$	173,388		$	(32,973	)	$	355,100
Cost of products sold	67,952			89,905			119,415			(32,769		)	244,503
Gross Profit	22,080			34,748			53,973			(204		)	110,597
Selling, general and administrative expenses	32,769			22,883			45,061			—			100,713
Charge related to restructuring activities	6			21			534			—			561
Income (loss) from equity investee	18,246			1,044			199			(19,489		)	—
Interest expense—net	(870		)	2,160			760			—			2,050
Earnings (Loss) from Continuing Operations before Income Taxes	8,421			10,728			7,817			(19,693		)	7,273
Income taxes (benefit)	188			(395		)	1,875			—			1,668
Net Earnings (Loss) from Continuing Operations	8,233			11,123			5,942			(19,693		)	5,605
Net Earnings from Discontinued Operations	—			2,628			—			—			2,628
Net Earnings (loss)	$	8,233		$	13,751		$	5,942		$	(19,693	)	$	8,233
Other Comprehensive Income (Loss), Net of Tax	1,186			1,845			(150		)	(1,695		)	1,186
Comprehensive Income (Loss)	$	9,419		$	15,596		$	5,792		$	(21,388	)	$	9,419

FS-28

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

CONSOLIDATING CONDENSED BALANCE SHEETS

	The Company (Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Total
March 31, 2013	(in thousands)
Assets
Current Assets
Cash and cash equivalents	$	1,984	$	199	$	22,898	$	—		$	25,081
Trade receivables, net	64,304		37,526		97,552		—			199,382
Installment receivables, net	—		659		1,311		—			1,970
Inventories, net	39,635		32,742		118,656		(3,336		)	187,697
Deferred income taxes	—		—		318		—			318
Other current assets	13,543		506		29,861		(3,350		)	40,560
Total Current Assets	119,466		71,632		270,596		(6,686		)	455,008
Investment in subsidiaries	1,464,146		528,971		—		(1,993,117		)	—
Intercompany advances, net	81,788		877,560		242,020		(1,201,368		)	—
Other Assets	41,312		413		928		—			42,653
Other Intangibles	582		21,238		47,348		—			69,168
Property and Equipment, net	40,108		19,193		56,765		—			116,066
Goodwill	—		32,937		429,357		—			462,294
Total Assets	$	1,747,402	$	1,551,944	$	1,047,014	$	(3,201,171	)	$	1,145,189
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable	$	48,219	$	9,440	$	62,078	$	—		$	119,737
Accrued expenses	32,718		17,922		80,336		(3,350		)	127,626
Accrued income taxes	3,275		—		8,807		—			12,082
Short-term debt and current maturities of long-term obligations	2,439		7		848		—			3,294
Total Current Liabilities	86,651		27,369		152,069		(3,350		)	262,739
Long-Term Debt	107,160		123		6,041		—			113,324
Other Long-Term Obligations	53,068		—		58,990		—			112,058
Intercompany advances, net	843,455		268,989		88,924		(1,201,368		)	—
Total Shareholders’ Equity	657,068		1,255,463		740,990		(1,996,453		)	657,068
Total Liabilities and Shareholders’ Equity	$	1,747,402	$	1,551,944	$	1,047,014	$	(3,201,171	)	$	1,145,189

FS-29

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

CONSOLIDATING CONDENSED BALANCE SHEETS

	The Company (Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Total
December 31, 2012	(in thousands)
Assets
Current Assets
Cash and cash equivalents	$	5,774	$	1,018	$	31,999	$	—		$	38,791
Trade receivables, net	71,622		37,223		89,946		—			198,791
Installment receivables, net	—		829		1,359		—			2,188
Inventories, net	40,278		31,455		114,169		(2,656		)	183,246
Other current assets	12,727		473		34,606		(6,030		)	41,776
Assets held for sale - current	—		103,157		—		—			103,157
Total Current Assets	130,401		174,155		272,079		(8,686		)	567,949
Investment in subsidiaries	1,536,898		523,176		6,888		(2,066,962		)	—
Intercompany advances, net	81,533		874,567		238,270		(1,194,370		)	—
Other Assets	41,006		314		942		—			42,262
Other Intangibles	663		22,211		48,778		—			71,652
Property and Equipment, net	39,911		19,957		58,363		—			118,231
Goodwill	—		32,937		429,263		—			462,200
Total Assets	$	1,830,412	$	1,647,317	$	1,054,583	$	(3,270,018	)	$	1,262,294
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable	$	63,812	$	9,465	$	59,771	$	—		$	133,048
Accrued expenses	36,716		18,155		86,348		(6,030		)	135,189
Accrued income taxes	1,545		—		1,168		—			2,713
Short-term debt and current maturities of long-term obligations	4,552		7		868		—			5,427
Liabilities held for sale - current	—		23,358		—		—			23,358
Total Current Liabilities	106,625		50,985		148,155		(6,030		)	299,735
Long-Term Debt	223,014		143		6,218		—			229,375
Other Long-Term Obligations	52,957		—		59,238		—			112,195
Intercompany advances, net	826,827		271,353		96,190		(1,194,370		)	—
Total Shareholders’ Equity	620,989		1,324,836		744,782		(2,069,618		)	620,989
Total Liabilities and Shareholders’ Equity	$	1,830,412	$	1,647,317	$	1,054,583	$	(3,270,018	)	$	1,262,294

FS-30

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Total
Three month period ended March 31, 2013	(in thousands)
Net Cash Provided (Used) by Operating Activities	$	9,297		$	(89,758	)	$	(7,929	)	$	53,087		$	(35,303	)
Investing Activities
Purchases of property and equipment	(2,223		)	(580		)	(1,062		)	—			(3,865		)
Proceeds from sale of property and equipment	—			—			4			—			4
Proceeds from sale of business	—			144,681			—			—			144,681
Other long-term assets	(108		)	—			—			—			(108		)
Other	107,368			(52,956		)	—			(54,431		)	(19		)
Net Cash Provided (Used) for Investing Activities	105,037			91,145			(1,058		)	(54,431		)	140,693
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	114,762			—			1,188			—			115,950
Payments on revolving lines of credit and long-term borrowings	(232,490		)	(2,206		)	—			—			(234,696		)
Payment of dividends	(396		)	—			(1,344		)	1,344			(396		)
Net Cash Provided (Used) by Financing Activities	(118,124		)	(2,206		)	(156		)	1,344			(119,142		)
Effect of exchange rate changes on cash	—			—			42			—			42
Decrease in cash and cash equivalents	(3,790		)	(819		)	(9,101		)	—			(13,710		)
Cash and cash equivalents at beginning of year	5,774			1,018			31,999			—			38,791
Cash and cash equivalents at end of period	$	1,984		$	199		$	22,898		$	—		$	25,081

FS-31

INVACARE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited) - March 31, 2013

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Total
Three month period ended March 31, 2012	(in thousands)
Net Cash Provided (Used) by Operating Activities	$	(483	)	$	1,074		$	(1,416	)	$	—	$	(825	)
Investing Activities
Purchases of property and equipment	(553		)	(2,546		)	(1,582		)	—		(4,681		)
Proceeds from sale of property and equipment	12			17			16			—		45
Other long-term assets	—			—			(11		)	—		(11		)
Other	48			—			(28		)	—		20
Net Cash Used for Investing Activities	(493		)	(2,529		)	(1,605		)	—		(4,627		)
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	73,694			1,814			—			—		75,508
Payments on revolving lines of credit and long-term borrowings	(71,902		)	—			(578		)	—		(72,480		)
Payment of dividends	(397		)	—			—			—		(397		)
Net Cash Provided (Used) by Financing Activities	1,395			1,814			(578		)	—		2,631
Effect of exchange rate changes on cash	—			—			565			—		565
Increase (Decrease) in cash and cash equivalents	419			359			(3,034		)	—		(2,256		)
Cash and cash equivalents at beginning of year	3,642			2,104			29,178			—		34,924
Cash and cash equivalents at end of period	$	4,061		$	2,463		$	26,144		$	—	$	32,668

FS-32

Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Continuing Operations.

OUTLOOK

The company made progress on the third-party certification audits at the Corporate and Taylor Street facilities. In April, the first two third-party certification audit reports were provided to the FDA for its review and approval. In these reports, the third-party expert certified that the company's equipment and process validation procedures and its design control systems are compliant with the FDA's Quality System Regulation. The company expects to receive the FDA's response within a few weeks based upon the terms of the consent decree. The company began its third, final and most comprehensive third party certification audit in late March. The company's goal has been and continues to be to get the third certification audit completed in the second quarter. Based on the scope and complexity of this very comprehensive audit and recent discussions with our third party expert, the company's June 30 goal is aggressive. Nevertheless, the company is working diligently to accomplish its original goal of finalizing the report by June 30, 2013. After the FDA has reviewed this final certification report, it will conduct its own inspection before it authorizes the company to resume full operations at the Corporate and Taylor Street facilities.

While there are many factors that are currently outside of the company's control, the company is actively managing the business to best position the company for the future. The company has developed and started to implement a comprehensive cost reduction program. As part of that plan, the company reduced its workforce at the Taylor Street facility earlier this month to more closely align it with current production volume. Other aggressive cost reduction initiatives will take place through general expense reduction and project delays. The company expects these initiatives will stabilize the business and help drive it toward restoring positive free cash flow later in 2013. The company's board and management team are committed to making the right decisions to ensure the company is well-positioned to re-establish profitability and shareholder value when we emerge from the injunctive phase of the consent decree.

STATUS OF THE CONSENT DECREE

In order to resume full operations at the Corporate and Taylor Street facilities in Elyria, Ohio, the consent decree requires that three certification audits must be completed by a third-party expert whose reports are then submitted to the FDA for review and approval. The company is continuing to make progress on all three of the certification audits.

• In the first audit, the third-party expert inspected the qualification and validation procedures and documentation for equipment and processes at the Taylor Street manufacturing facility. In April, the third-party expert certified that the these processes were in compliance with the equipment and process validation requirements set forth in the consent decree. The certification report was submitted to the FDA for the Agency's review and approval. The company is providing follow-up information requested by the FDA. According to the terms of the consent decree, the company expects to receive the formal response from the FDA on the report within the few weeks following the filing of this Quarterly Report on Form 10-Q. Receiving the FDA's approval on the first certification audit would permit the company's Taylor Street facility to resume supplying parts and components for the further manufacturing of medical devices at other Invacare facilities.

• In the second audit, the third-party expert reviewed the Company's design control systems at the Corporate and Taylor Street facilities and certified that the Company's design control systems at these facilities are in compliance. Earlier in April, the certification report was submitted to the FDA for the Agency's review and approval. According to the terms of the consent decree, the Company expects to receive a response from the FDA on the report within the few weeks following the filing of this Quarterly Report on Form 10-Q. Once it receives the FDA's approval on this certification report, the Company may resume design activities, which will enable it to refocus its engineering resources on new product development.

• The final, most comprehensive third-party certification audit is a comprehensive review of the Company's compliance with the FDA's Quality System Regulation at the impacted Elyria facilities. This audit has commenced, and the Company plans to complete this certification audit by the end of the second quarter. The company's goal has been and continues to be to get the third certification audit completed in the second quarter. The company is working diligently to accomplish this goal. Based on the scope and complexity of this very comprehensive audit and recent discussions with our third party expert, the company's June 30 goal is aggressive. During the company's work to finalize the audit, the company will continuously assess the probability that it can successfully finalize this complicated undertaking by June 30, 2013. Nevertheless, the company is working diligently to accomplish its original goal of finalizing the report by June 30, 2013. This audit will be followed by an FDA inspection. Once the Company receives

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written notification from the FDA that the Corporate and Taylor Street facilities appear to be in compliance, the Company may resume full operations at those facilities.

As the company receives FDA approval on each of these certification audits, it will provide timely disclosure to its shareholders. The company also intends to give an update in its next quarterly earnings release. See the “Contingencies” note to the financial statements contained in Item 1 of this Form 10-Q and “Forward-Looking Statements” contained below in this Item.

RESULTS OF CONTINUING OPERATIONS

Net Sales. Consolidated net sales for the three months endedMarch 31, 2013decreased4.9% to $337,616,000 versus $355,100,000 for the same period last year. Foreign currency translation increased net sales by 0.7 of a percentage point. Organic net sales for the quarter decreased by 5.6% over the same period a year ago as increases in Europe were more than offset by declines in all other segments. The sales decline was primarily related to mobility and seating products, principally due to the reduced order volume at the company's Taylor Street manufacturing facility resulting from the FDA consent decree. The company estimates that sales of product manufactured from the Taylor Street facility, which includes some products sold outside of the North America/HME segment, were approximately $17.0 million in the first quarter compared to $37.4 million in the first quarter of last year.

North America/Home Medical Equipment (HME)

North America/HME net sales decreased13.6% for the quarter to $152,157,000 as compared to $176,119,000 for the same period a year ago with no material impact from foreign currency translation. The net sales decrease of 13.6% in the segment was primarily driven by declines in mobility and seating and lifestyle products, partially offset by increased net sales in respiratory products. The sales decline in mobility and seating products was primarily driven by the impact of the consent decree with the FDA, which limits production at the Taylor Street manufacturing facility. Early in the first quarter, the flow of verification of medical necessity (VMN) documentation, as required by the consent decree to provide product from the Taylor Street facility, was generally in line with the company's expectations. However, during the quarter the FDA provided the company with feedback regarding its intent relating to the appropriate completion of the VMN documentation. As it better understood the FDA's expectations, the company modified its VMN review processes, which resulted in a dramatic weakening of the acceptance rate of VMNs throughout the quarter. While the company continues to ship orders and quotes that existed prior to the date of the consent decree, the number of new orders that were fulfilled in the first quarter of 2013 with the appropriate VMN documentation would have represented only 4.1% of Invacare's unit volume of domestic power wheelchair shipments from the Taylor Street facility in the same period last year.

Institutional Products Group (IPG)

IPG net sales for the quarter decreased2.8% to $35,128,000 compared to $36,138,000 for the same period last year as foreign currency decreased net sales by 0.1 of a percentage point. Organic net sales decreased by 2.7%. The organic net sales decrease for the quarter was driven primarily by declines in beds, safe patient handling equipment and therapeutic support surfaces partially offset by increases in interior design projects for long-term care facilities and dialysis chairs.

Europe

For the quarter, European net sales increased9.8% to $137,634,000 versus $125,303,000 for the first quarter last year with foreign currency translation increasing net sales by 1.9 percentage points. The organic net sales increase of 7.9% was principally due to increases in net sales of lifestyle, respiratory and mobility and seating product.

Asia/Pacific

Asia/Pacific net sales decreased27.6% for the quarter to $12,697,000 as compared to $17,540,000 for the same period a year ago. Organic net sales decreased 27.8% as foreign currency translation increased net sales by 0.2 of a percentage point. The company's Australian distribution business experienced declines in mobility and seating and lifestyle products. The net sales decline in the company's subsidiary which produces microprocessor controllers was primarily related to decreases in its sale of controllers and the company's decision to exit its contract manufacturing business with companies outside of the healthcare industry.

Gross Profit. Consolidated gross profit as a percentage of net sales for the three months endedMarch 31, 2013 was 28.4% compared to 31.1% last year. The gross profit decline was negatively impacted principally by the North America/HME sales decline in custom power wheelchairs, which is one of the company's higher margin product lines. In addition, the negative impact on order volume out of the Taylor Street manufacturing facility caused an unfavorable absorption of fixed costs for this facility.

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Gross profit also was negatively impacted by sales mix favoring lower margin products and customers and increased research and development costs.

North America/HME gross profit as a percentage of net sales decreased by 5.9 percentage points compared to the same period last year. The decline in margins was primarily as a result of volume declines, unfavorable sales mix favoring lower margin customers and lower margin products and unfavorable absorption of fixed costs at the Taylor Street manufacturing facility as a result of volume declines in mobility and seating products.

IPG gross profit as a percentage of net sales decreased2.1 percentage points compared to the same period last year. The decline in margin is primarily attributable to volume declines and increased research and development expenses.

Gross profit in Europe as a percentage of net sales was flat compared to the same period last year. Gross profit was favorably impacted by volume increases, which were offset by an unfavorable sales mix favoring lower margin product lines and lower margin customers.

Gross profit in Asia/Pacific as a percentage of net sales increased by 2.9 percentage points compared to the same period last year. The increase was primarily the result of sales mix favoring higher margin product lines and customers.

Selling, General and Administrative. Consolidated selling, general and administrative (SG&A) expenses as a percentage of net sales for the three months endedMarch 31, 2013 was 30.8% compared to 28.4% for the same period a year ago. The increase was $3,306,000 or 3.3% for the quarter. Foreign currency translation increased expenses by $496,000 in the quarter. Excluding the impact of foreign currency translation, SG&A expenses increased2.8% for the quarter compared to the same period a year ago. The dollar increase, excluding foreign currency translation, was $2,810,000 for the quarter as compared to the same period a year ago principally as a result of increased regulatory and compliance costs related to quality system improvements, unfavorable foreign currency transactions, primarily in Europe, and increased associate costs, also primarily in Europe.

SG&A expenses for North America/HME increased4.1% or $2,074,000 for the quarter as compared to the same period a year ago. Foreign currency translation decreased SG&A expenses by $33,000 or 0.1 of a percentage point. Excluding the foreign currency translation, SG&A expenses increased$2,107,000 or 4.2 percentage points for the quarter. The expense increase was principally due to increased regulatory and compliance costs related to quality systems improvements.

SG&A expenses for IPG increased by 1.9% or $223,000 for the quarter as compared to the same period a year ago. Foreign currency translation did not have a material impact for the quarter. The SG&A expense increase for the quarter was primarily attributable to increased associate costs partially offset by favorable foreign currency transactions.

European SG&A expenses increased by 10.9% or $3,306,000 for the quarter compared to the same period a year ago. Foreign currency translation increased SG&A expenses by approximately $527,000 or 1.7 percentage points for the quarter. Excluding the foreign currency translation impact, SG&A expenses increased by $2,779,000 or 9.1% for the quarter primarily due to unfavorable foreign currency transactions and increased associate costs.

Asia/Pacific SG&A expenses decreased28.5% or $2,297,000 for the quarter as compared to the same period a year ago principally as a result of reduced personnel costs resulting from restructuring activities in 2012. Foreign currency translation had no material impact for the quarter.

Charge Related to Restructuring Activities. Restructuring continued during the quarter ended March 31, 2013 resulting in restructuring charges of $2,522,000 in the first three months of 2013, principally for severance in NA/HME and Asia/Pacific and to a lesser extent Europe and IPG as a result of the permanent elimination of certain management positions. The majority of the outstanding restructuring accruals at March 31, 2013 are expected to be paid out within the next twelve months.

Interest. Interest expense decreased to $1,327,000 for the first quarter of 2013 compared to $2,351,000 for the same period a year ago, representing a 43.6%decrease. This decline is primarily attributable to reduced debt levels and lower borrowing costs in 2013 as compared to 2012. Interest income for the first quarter of 2013 was $107,000 compared to $301,000 in the first quarter of 2012 due to a reduction in volume of financing provided to customers.

Income Taxes. The company had an effective tax rate of 62.2% on earnings before tax for the three months endedMarch 31, 2013 compared to an expected rate at the U.S. statutory rate of 35%. The company's effective tax rate for the three months endedMarch 31, 2013 was greater than the U.S. federal statutory rate, principally due to an intraperiod tax allocation resulting in recognizing a tax benefit for the continuing loss in the United States as part of the annual effective tax rate. The rate was benefitted by taxes outside the United States, excluding countries with valuation allowances that are in losses in 2013, at a lower rate than

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the U.S. statutory rate. The company had an effective tax rate of 22.9% on earnings before tax for the three months endedMarch 31, 2012 compared to an expected rate at the U.S. statutory rate of 35%. The company's effective tax rate for the three months ended March 31, 2012 was lower than the U.S. federal statutory rate, principally due to foreign earnings taxed at an effective rate lower than the U.S. statutory rate. The company also benefited from countries with valuation allowances included in the combined effective rate due to expected profits for 2012.

LIQUIDITY AND CAPITAL RESOURCES

The company continues to maintain an adequate liquidity position through its unused bank lines of credit (see Long-Term Debt in the Notes to Condensed Consolidated Financial Statements included in this report) and working capital management.

The company's total debt outstanding, inclusive of the debt discount included in equity in accordance with FSB APB 14-1, decreased by $118,335,000 to $119,808,000 at March 31, 2013 from $238,143,000 as of December 31, 2012. The company's balance sheet reflects the impact of ASC 470-20, which reduced debt and increased equity by $3,190,000 and $3,341,000 as of March 31, 2013 and December 31, 2012, respectively. The debt decrease during the first quarter was a result of using the proceeds from the sale of Invacare Supply Group to reduce debt outstanding under the revolving credit facility. The company's cash and cash equivalents were $25,081,000 at March 31, 2013, down from $38,791,000 as of December 31, 2012. At March 31, 2013, the company had outstanding $99,390,000 on its revolving line of credit versus $217,494,000 as of December 31, 2012.

The company's borrowing capacity and cash on hand were utilized for normal operations during the period ended March 31, 2013. Debt repurchases, acquisitions, divestitures, the timing of vendor payments and other activity can have a significant impact on the company's borrowings outstanding such that the debt reported at the end of a given period may be materially different than debt levels during a given period. For the three months endedMarch 31, 2013, the outstanding borrowings on the company's revolving credit facility varied from a low of $112,700,000 to a high of $281,300,000. While the company has cash balances in various jurisdictions around the world, there are no material restrictions under the credit facility regarding the use of such cash for dividends within the company, loans or other purposes.

The company's senior secured revolving credit agreement (the “Credit Agreement”) provides for a $400 million senior secured revolving credit facility maturing in October 2015. Pursuant to the terms of the Credit Agreement, the company may from time to time borrow, repay and re-borrow up to an aggregate outstanding amount at any one time of $400 million, subject to customary conditions. The Credit Agreement also provides for the issuance of swing line loans. Borrowings under the Credit Agreement bear interest, at the company's election, at (i) the London Inter-Bank Offer Rate (“LIBOR”) plus a margin; or (ii) a Base Rate Option plus a margin. The applicable margin is currently 2.0% per annum for LIBOR loans and 1.0% for the Base Rate Option loans based on the company's leverage ratio. In addition to interest, the company is required to pay commitment fees on the unused portion of the Credit Agreement. The commitment fee rate is currently 0.35% per annum. Like the interest rate spreads, the commitment fee is subject to adjustment based on the company's leverage ratio. The obligations of the borrowers under the Credit Agreement are secured by substantially all of the company's U.S. assets and are guaranteed by substantially all of the company's material domestic and foreign subsidiaries.

The Credit Agreement contains certain covenants that are customary for similar credit arrangements, including covenants relating to, among other things, financial reporting and notification, compliance with laws, preservation of existence, maintenance of books and records, use of proceeds, maintenance of properties and insurance, and limitations on liens, dispositions, issuance of debt, investments, payment of dividends, repurchases of capital stock, acquisitions, transactions with affiliates, and capital expenditures. There also are financial covenants that require the company to maintain a maximum leverage ratio (consolidated funded indebtedness to consolidated EBITDA, each as defined in the Credit Agreement) of no greater than 3.5 to 1, and a minimum interest coverage ratio (consolidated EBITDA to consolidated interest charges, each as defined in the Credit Agreement) of no less than 3.5 to 1. In calculating the ratios, the company can exclude up to $15,000,000 of cash restructuring charges from the calculation of EBITDA over the life of the agreement, and the company reached the limitation in the fourth quarter of 2012. Thus, all additional cash restructuring charges will count to reduce EBITDA thereunder. As of March 31, 2013, the company's leverage ratio was 1.84 and the company's interest coverage ratio was 15.31 compared to a leverage ratio of 2.66 and an interest coverage ratio of 19.00 as of December 31, 2012. As of March 31, 2013, the company was in compliance with all covenant requirements and under the most restrictive covenant of the company's borrowing arrangements, the company had the capacity to borrow up to an additional $112,010,000.

The company's Credit Agreement, as well as cash flows from operations, has been a principal source of financing for much of its liquidity needs. If the company were unsuccessful in meeting its leverage or interest coverage ratio, or other, financial or operating covenants in its credit facility, it would result in a default, which could trigger acceleration of, or the right to accelerate, the related debt. Because of cross-default provisions in the agreements and instruments governing certain of the company's

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indebtedness, a default under the credit facility could result in a default under, and the acceleration of, certain other company indebtedness. In addition, the company's lenders would be entitled to proceed against the collateral securing the indebtedness.

During the first quarter of 2013, the company completed the sale of its ISG business for net proceeds of approximately $144,681,000, which were used to repay amounts outstanding under the credit facility and other current payables and thereby improve the company's leverage ratio.

Based on the company's current expectations, the company believes that its cash balances and available borrowing capacity under its senior credit facility should be sufficient to meet working capital needs, capital requirements, and commitments for at least the next twelve months. However, the company's ability to satisfy its liquidity needs will depend on many factors, including the operating performance of the business, the company's ability to successfully complete in a timely manner the third-party expert certification audit and FDA inspection contemplated under the consent decree and receipt of the written notification from the FDA permitting the company to resume full operations, as well as the company's continued compliance with the covenants under its credit facility. Notwithstanding the company's expectations, if the company's operating results decline substantially more than it currently anticipates, or if the company is unable to successfully complete the consent decree-related third-party expert certification audit and FDA inspection within the currently estimated time frame (including as a result of any need to complete significant additional remediation arising from the third-party expert certification audits of the FDA inspection), the company may be unable to comply with the financial covenants, and its lenders could demand repayment of the amounts outstanding under the company's credit facility.

As a result, continued compliance with the leverage covenant under the company's credit facility is a high priority, which means the company remains focused on generating sufficient cash and managing its expenditures. The company also may examine alternatives such as raising additional capital through permitted asset sales. In addition, if necessary or advisable, the company may seek to amend or renegotiate its credit facility in order to remain in compliance. The company can make no assurances that under such circumstances its financing arrangements could be renegotiated, or that alternative financing would be available on terms acceptable to the company, if at all.

The company may from time to time seek to retire or purchase its 4.125% Convertible Senior Subordinated Debentures due 2027, in open market purchases, privately negotiated transactions or otherwise. Such purchases or exchanges, if any, will depend on prevailing market conditions, the company's liquidity requirements, contractual restrictions and other factors. The amounts involved in any such transactions, individually or in the aggregate, may be material. At March 31, 2013, the company had $13,350,000 aggregate principal amount outstanding of its Convertible Senior Subordinated Debentures.

While there is general concern about the potential for rising interest rates, the company believes that its exposure to interest rate fluctuations is manageable given that portions of the company's debt are at fixed rates into 2014, the company has the ability to utilize swaps to exchange variable rate debt for fixed rate debt, if needed, and the company expects that it will be able to absorb any modest rate increases in the months ahead without any material impact on its liquidity or capital resources. The company is a party to interest rate swap agreements to effectively convert a portion of floating rate revolving credit facility debt to fixed rate debt to avoid the risk of changes in market interest rates. As of March 31, 2013, interest associated with $97,000,000 of the outstanding revolver balance of $99,390,000 was fixed via interest rate swap agreements. Specifically, interest rate swap agreements for notional amounts of $20,000,000 and $25,000,000 through May 2013, $18,000,000 through June 2013, $22,000,000 through September 2013 and $12,000,000 through April 2014 were entered into that fix the LIBOR component of the interest rate on that portion of the revolving credit facility debt at rates of 1.08%, 0.73%, 0.625%, 0.46% and 0.54%, respectively, for effective aggregate rates of 3.08%, 2.73%, 2.625%, 2.46% and 2.54%, respectively. As of March 31, 2013, the weighted average floating interest rate on borrowings was 2.20% compared to 2.21% as of December 31, 2012.

CAPITAL EXPENDITURES

There are no individually material capital expenditure commitments outstanding as of March 31, 2013. The company estimates that capital investments for 2013 could approximate between $15,000,000 and $20,000,000, compared to actual capital expenditures of $20,091,000 in 2012. The company believes that its balances of cash and cash equivalents, together with funds generated from operations and existing borrowing facilities, will be sufficient to meet its operating cash requirements and fund required capital expenditures for the foreseeable future.

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CASH FLOWS

Cash flows used by operating activities were $35,303,000 in for the first three months of 2013, compared to cash flows provided by operating activities of $825,000 in the first three months of 2012. The decline in operating cash flows in 2013 was primarily attributable to reduced net earnings, a reduction in accounts payable, principally due to accelerated payments associated with the sale of ISG, and increased inventory due to weaker than anticipated sales. In addition, operating cash flows were also negatively impacted by payments of $3,160,000 for expenses as a result of the sale of ISG.

Cash flows provided by investing activities were $140,693,000 for the first three months of 2013, compared to cash used of $4,627,000 in the first three months of 2012. The significant change in investing cash flow was primarily attributable to the receipt of $144,681,000 in net proceeds resulting from the sale of ISG.

Cash flows used by financing activities were $119,142,000 in the first three months of 2013 compared to cash flow provided of $2,631,000 in the first three months of 2012. Cash flows used in the first three months of 2013 reflect the net pay down in debt compared to a net borrowing in the first three months of last year as the majority of the proceeds from the sale of ISG were used to pay down debt in the first quarter of 2013.

During the first three months of 2013, the company used free cash flow of $36,064,000 compared to $2,498,000 in the first three months of 2012. The decrease in free cash flow is due primarily to reduced net earnings and an increase in net working capital as described above. Free cash flow is a non-GAAP financial measure that is comprised of net cash provided by operating activities, excluding net cash flow impact related to restructuring activities, less net purchases of property and equipment, net of proceeds from sales of property and equipment. Management believes that this financial measure provides meaningful information for evaluating the overall financial performance of the company and its ability to repay debt or make future investments (including acquisitions, etc.).

The non-GAAP financial measure is reconciled to the GAAP measure as follows (in thousands):

	Three Months Ended March 31,
	2013			2012
Net cash provided by operating activities	$	(35,303	)	$	(825	)
Plus: Net cash impact related to restructuring activities	3,100			2,963
Less: Purchases of property and equipment—net	(3,861		)	(4,636		)
Free Cash Flow	$	(36,064	)	$	(2,498	)

DIVIDEND POLICY

On February 14, 2013, the company's Board of Directors declared a quarterly cash dividend of $0.0125 per Common Share to shareholders of record as of April 3, 2013, which was paid on April 12, 2013.  At the current rate, the cash dividend will amount to $0.05 per Common Share on an annual basis.

CRITICAL ACCOUNTING ESTIMATES

The Consolidated Financial Statements included in the report include accounts of the company and all majority-owned subsidiaries. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions in certain circumstances that affect amounts reported in the accompanying Consolidated Financial Statements and related footnotes. In preparing the financial statements, management has made its best estimates and judgments of certain amounts included in the financial statements, giving due consideration to materiality. However, application of these accounting policies involves the exercise of judgment and use of assumptions as to future uncertainties and, as a result, actual results could differ from these estimates.

The following critical accounting policies, among others, affect the more significant judgments and estimates used in preparation of the company’s consolidated financial statements.

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Revenue Recognition

Invacare’s revenues are recognized when products are shipped or services provided to unaffiliated customers. Revenue Recognition, ASC 605, provides guidance on the application of generally accepted accounting principles to selected revenue recognition issues. The company has concluded that its revenue recognition policy is appropriate and in accordance with GAAP and ASC 605. Shipping and handling costs are included in cost of goods sold.

Sales are made only to customers with whom the company believes collection is reasonably assured based upon a credit analysis, which may include obtaining a credit application, a signed security agreement, personal guarantee and/or a cross corporate guarantee depending on the credit history of the customer. Credit lines are established for new customers after an evaluation of their credit report and/or other relevant financial information. Existing credit lines are regularly reviewed and adjusted with consideration given to any outstanding past due amounts.

The company offers discounts and rebates, which are accounted for as reductions to revenue in the period in which the sale is recognized. Discounts offered include: cash discounts for prompt payment, base and trade discounts based on contract level for specific classes of customers. Volume discounts and rebates are given based on large purchases and the achievement of certain sales volumes. Product returns are accounted for as a reduction to reported sales with estimates recorded for anticipated returns at the time of sale. The company does not ship any goods on consignment.

Distributed products sold by the company are accounted for in accordance with the revenue recognition guidance in ASC 605-45-05. The company records distributed product sales gross as a principal since the company takes title to the products and has the risks of loss for collections, delivery and returns.

Product sales that give rise to installment receivables are recorded at the time of sale when the risks and rewards of ownership are transferred. Interest income is recognized on installment agreements in accordance with the terms of the agreements. Installment accounts are monitored and if a customer defaults on payments, interest income is no longer recognized. All installment accounts are accounted for using the same methodology, regardless of duration of the installment agreements.

Allowance for Uncollectible Accounts Receivable

The estimated allowance for uncollectible amounts is based primarily on management's evaluation of the financial condition of the customer. In addition, as a result of the third party financing arrangement, management monitors the collection status of these contracts in accordance with the company's limited recourse obligations and provides amounts necessary for estimated losses in the allowance for doubtful accounts and establishing reserves for specific customers as needed.

The company continues to closely monitor the credit-worthiness of its customers and adhere to tight credit policies. During the first quarter of 2011, the Centers for Medicare and Medicaid Services implemented the single payment amounts for Round 1 of the National Competitive Bidding program in nine metropolitan statistical areas (MSAs). The single payment amounts are used to determine the price that Medicare pays for certain durable medical equipment, prosthetics, orthotics and supplies. The company believes the changes announced could have a significant impact on the collectability of accounts receivable for those customers which are in the MSA locations impacted and which have a portion of their revenues tied to Medicare reimbursement. As a result, this is an additional risk factor which the company considers when assessing the collectability of accounts receivable.

Invacare has an agreement with DLL, a third party financing company, to provide the majority of future lease financing to Invacare's North America customers. The DLL agreement provides for direct leasing between DLL and the Invacare customer. The company retains a recourse obligation for events of default under the contracts. The company monitors the collections status of these contracts and has provided amounts for estimated losses in its allowances for doubtful accounts.

Inventories and Related Allowance for Obsolete and Excess Inventory

Inventories are stated at the lower of cost or market with cost determined by the first-in, first-out method. Inventories have been reduced by an allowance for excess and obsolete inventories. The estimated allowance is based on management’s review of inventories on hand compared to estimated future usage and sales. A provision for excess and obsolete inventory is recorded as needed based upon the discontinuation of products, redesigning of existing products, new product introductions, market changes and safety issues. Both raw materials and finished goods are reserved for on the balance sheet.

In general, Invacare reviews inventory turns as an indicator of obsolescence or slow moving product as well as the impact of new product introductions. Depending on the situation, the company may partially or fully reserve for the individual item. The

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company continues to increase its overseas sourcing efforts, increase its emphasis on the development and introduction of new products, and decrease the cycle time to bring new product offerings to market. These initiatives are sources of inventory obsolescence for both raw material and finished goods.

Goodwill, Intangible and Other Long-Lived Assets

Property, equipment, intangibles and certain other long-lived assets are amortized over their useful lives. Useful lives are based on management's estimates of the period that the assets will generate revenue. Under Intangibles-Goodwill and Other, ASC 350, goodwill and intangible assets deemed to have indefinite lives are subject to annual impairment tests. The company's measurement date for its annual goodwill impairment test is October 1. Furthermore, goodwill and other long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.

To review goodwill for impairment in accordance with ASC 350, the company first estimates the fair value of each reporting unit and compares the calculated fair value to the carrying value of the each reporting unit. A reporting unit is defined as an operating segment or one level below. The company has determined that its reporting units are the same as its operating segments. The company completes its annual impairment tests in the fourth quarter of each year. To estimate the fair values of the reporting units, the company utilizes a discounted cash flow method (DCF) in which the company forecasts income statement and balance sheet amounts based on assumptions regarding future sales growth, profitability, inventory turns, days' sales outstanding, etc. to forecast future cash flows. The cash flows are discounted using a weighted average cost of capital discount rate where the cost of debt is based on quoted rates for 20-year debt of companies of similar credit risk and the cost of equity is based upon the 20-year treasury rate for the risk free rate, a market risk premium, the industry average beta and a small cap stock adjustment. The discount rates used have a significant impact upon the discounted cash flow methodology utilized in the company's annual impairment testing as higher discount rates decrease the fair value estimates. The assumptions used are based on a market participant's point of view and yielded a discount rate of 9.88% in 2012 for the company's annual impairment analysis compared to 9.27% in 2011.

The company also utilizes an EV (Enterprise Value) to EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) Method to compute the fair value of its reporting units which considers potential acquirers and their EV to EBITDA multiples adjusted by an estimated premium. While more weight is given to the discounted cash flow method, the EV to EBITDA method does provide corroborative evidence of the reasonableness of the discounted cash flow method results.

A future potential impairment is possible, for each or any of the company's segments, should actual results differ materially from forecasted results used in the valuation analysis. Furthermore, the company's annual valuation of goodwill can differ materially if the market inputs used to determine the discount rate change significantly. For instance, higher interest rates or greater stock price volatility would increase the discount rate and thus increase the chance of impairment. In consideration of this potential, the company reviewed the results if the discount rate used were 100 basis points higher for the 2012 impairment analysis and determined that there still would not be any indicator of potential impairment for the Europe, ISG or IPG segments.

The company's intangible assets consist of intangible assets with defined lives as well as intangible assets with indefinite lives. Defined-lived intangible assets consist principally of customer lists, developed technology, license agreements, patents and other miscellaneous intangibles such as non-compete agreements. The company's indefinite lived intangible assets consist entirely of trademarks.

The company evaluates the carrying value of definite-lived assets whenever events or circumstances indicate possible impairment. Definite-lived assets are determined to be impaired if the future un-discounted cash flows expected to be generated by the asset are less than the carrying value. Actual impairment amounts for definite-lived assets are then calculated using a discounted cash flow calculation. The company reviews indefinite-lived assets for impairment annually in the fourth quarter of each year and whenever events or circumstances indicate possible impairment. Any impairment amounts for indefinite-lived assets are calculated as the difference between the future discounted cash flows expected to be generated by the asset less than the carrying value for the asset.

Product Liability

The company’s captive insurance company, Invatection Insurance Co., currently has a policy year that runs from September 1 to August 31 and insures annual policy losses of $10,000,000 per occurrence and $13,000,000 in the aggregate of the company’s North American product liability exposure. The company also has additional layers of external insurance coverage insuring up to $75,000,000 in aggregate losses per policy year arising from individual claims anywhere in the world that exceed the captive insurance company policy limits or the limits of the company’s per country foreign liability limits, as applicable. There can be no assurance that Invacare’s current insurance levels will continue to be adequate or available at affordable rates.

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Product liability reserves are recorded for individual claims based upon historical experience, industry expertise and indications from the third-party actuary. Additional reserves, in excess of the specific individual case reserves, are provided for incurred but not reported claims based upon third-party actuarial valuations at the time such valuations are conducted. Historical claims experience and other assumptions are taken into consideration by the third-party actuary to estimate the ultimate reserves. For example, the actuarial analysis assumes that historical loss experience is an indicator of future experience, that the distribution of exposures by geographic area and nature of operations for ongoing operations is expected to be very similar to historical operations with no dramatic changes and that the government indices used to trend losses and exposures are appropriate.

Estimates made are adjusted on a regular basis and can be impacted by actual loss awards and settlements on claims. While actuarial analysis is used to help determine adequate reserves, the company is responsible for the determination and recording of adequate reserves in accordance with accepted loss reserving standards and practices.

Warranty

Generally, the company’s products are covered from the date of sale to the customer by warranties against defects in material and workmanship for various periods depending on the product. Certain components carry a lifetime warranty. A provision for estimated warranty cost is recorded at the time of sale based upon actual experience. The company continuously assesses the adequacy of its product warranty accrual and makes adjustments as needed. Historical analysis is primarily used to determine the company’s warranty reserves. Claims history is reviewed and provisions are adjusted as needed. However, the company does consider other events, such as a product recall, which could warrant additional warranty reserve provision. See Warranty Costs in the Notes to the Condensed Consolidated Financial Statements included in this report for a reconciliation of the changes in the warranty accrual.

Accounting for Stock-Based Compensation

The company accounts for share based compensation under the provisions of Compensation—Stock Compensation, ASC 718. The company has not made any modifications to the terms of any previously granted options and no changes have been made regarding the valuation methodologies or assumptions used to determine the fair value of options granted and the company continues to use a Black-Scholes valuation model. As of March 31, 2013, there was $17,570,000 of total unrecognized compensation cost from stock-based compensation arrangements granted under the 2003 Performance Plan, which is related to non-vested options and shares, and includes $5,313,000 related to restricted stock awards. The company expects the compensation expense to be recognized over a four-year period for a weighted-average period of approximately two years.

The substantial majority of the options awarded have been granted at exercise prices equal to the market value of the underlying stock on the date of grant. Restricted stock awards granted without cost to the recipients are expensed on a straight-line basis over the vesting periods.

Income Taxes

As part of the process of preparing its financial statements, the company is required to estimate income taxes in various jurisdictions. The process requires estimating the company’s current tax exposure, including assessing the risks associated with tax audits, as well as estimating temporary differences due to the different treatment of items for tax and accounting policies. The temporary differences are reported as deferred tax assets and or liabilities. Substantially all of the company’s U.S., Australia, New Zealand and Denmark deferred tax assets are offset by a valuation allowance. The company also must estimate the likelihood that its deferred tax assets will be recovered from future taxable income and whether or not valuation allowances should be established. In the event that actual results differ from its estimates, the company’s provision for income taxes could be materially impacted. The company does not believe that there is a substantial likelihood that materially different amounts would be reported related to its critical accounting estimates.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Recent Accounting Pronouncements: In February, 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income

(ASU 2013-02 or the ASU). ASU 2013-02 requires companies to report, in one place, changes in and reclassifications out of accumulated other comprehensive income (OCI). The ASU does not change what is required to be reported in OCI. The company adopted ASU 2013-02 in this Form 10-Q for the quarter ended March 31, 2013, with no impact on the company's Condensed Consolidated Statement of Comprehensive Income (Loss), Balance Sheets or Statement of Cash Flows. See Accumulated Other Comprehensive Income in the Notes to these Consolidated Financial Statements.

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QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

The company is exposed to market risk through various financial instruments, including fixed rate and floating rate debt instruments. The company does at times use interest swap agreements to mitigate its exposure to interest rate fluctuations. Based on March 31, 2013 debt levels, a 1% change in interest rates would impact annual interest expense by approximately $24,000. Additionally, the company operates internationally and, as a result, is exposed to foreign currency fluctuations. Specifically, the exposure results from intercompany loans, intercompany sales or payments and third party sales or payments. In an attempt to reduce this exposure, foreign currency forward contracts are utilized to hedge intercompany purchases and sales as well as third party purchases and sales. The company does not believe that any potential loss related to these financial instruments would have a material adverse effect on the company’s financial condition or results of operations.

The company has entered into interest rate swap agreements to effectively convert a portion of floating rate revolving credit facility debt to fixed rate debt to avoid the risk of changes in market interest rates. Specifically, interest rate swap agreements, as of March 31, 2013, for notional amounts of $20 million and $25 million through May 2013, $18 million through June 2013, $22 million through September 2013 and $12 million through April 2014 were entered into that fix the LIBOR component of the interest rate on that portion of the revolving credit facility debt at rates of 1.08%, 0.73%, 0.625%, 0.46% and 0.54%, respectively, for effective aggregate rates of 3.08%, 2.73%, 2.625%, 2.46% and 2.54%, respectively.

On October 28, 2010, the company entered into the Credit Agreement which provides for a $400,000,000 senior secured revolving credit facility maturing in October 2015 at variable rates. As of March 31, 2013, the company had outstanding $13,350,000 in principal amount of 4.125% Convertible Senior Subordinated Debentures due in February 2027, of which $3,190,000 is included in equity. Accordingly, while the company is exposed to increases in interest rates, its exposure to the volatility of the current market environment is limited as the company does not currently need to re-finance any of its debt. However, the company’s Credit Agreement contains covenants with respect to, among other items, consolidated funded indebtedness to consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) and interest coverage, as defined in the agreement. As of March 31, 2013, the company was in compliance with all covenant requirements, but should it fall out of compliance with these requirements, the company would have to attempt to obtain alternative financing and thus likely be required to pay much higher interest rates.

FORWARD-LOOKING STATEMENTS

This Form 10-Q contains forward-looking statements within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Terms such as “will,” “should,” “could,” “plan,” “intend,” “expect,” “continue,” “believe” and “anticipate,” as well as similar comments, are forward-looking in nature that are subject to inherent uncertainties that are difficult to predict. Actual results and events may differ significantly from those expressed or anticipated as a result of risks and uncertainties, which include, but are not limited to, the following: compliance costs, limitations on the design, production and/or distribution of Invacare's products, inability to bid on orwin certain contracts, or other adverse effects of the FDA consent decree of injunction; unexpected circumstances or developments that might delay or adversely impact the results of the third-party expert certification audits or FDA inspections of Invacare's quality systems at the Elyria, Ohio, facilities impacted by the FDA consent decree, including any possible requirement to perform additional remediation activities; the failure or refusal of customers or healthcare professionals to sign VMN or other certification forms required by the exceptions to the consent decree; possible adverse effects of being leveraged, including interest rate or event of default risks including those relating to the company's financial covenants under its credit facility (particularly as might result from the impacts associated with the FDA consent decree); Invacare's inability to satisfy its liquidity needs, or additional costs to do so; adverse changes in government and other third-party payor reimbursement levels and practices both in the U.S. and in other countries (such as, for example, more extensive pre-payment reviews and post-payment audits by payors, or the Medicare national competitive bidding program covering nine metropolitan statistical areas that started in 2011 and an additional 91 metropolitan statistical areas beginning in July 2013), impacts of the U.S. Affordable Care Act that was enacted in 2010 (such as, for example, the expected annual impact on Invacare of the excise tax beginning in 2013 on certain medical devices and Invacare's ability to successfully offset such impact); legal actions, regulatory proceedings or Invacare's failure to comply with regulatory requirements or receive regulatory clearance or approval for Invacare's products or operations in the United States or abroad; product liability claims; exchange rate or tax rate fluctuations; inability to design, manufacture, distribute and achieve market acceptance of new products with greater functionality or lower costs or new product platforms that deliver the anticipated benefits of Invacare's globalization strategy; consolidation of health care providers; lower cost imports; uncollectible accounts receivable; difficulties in implementing/upgrading Enterprise Resource Planning systems; risks inherent in managing and operating businesses in many different foreign jurisdictions; ineffective cost reduction and restructuring efforts; potential product recalls; decreased availability or increased costs of materials which could increase Invacare's costs of producing or acquiring Invacare's products, including possible increases in commodity costs or freight costs; heightened vulnerability to a hostile takeover attempt arising from depressed market prices for Company shares; provisions of Ohio law or in Invacare's debt agreements, shareholder rights plan or charter documents that may prevent or delay a change

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in control, as well as the risks described from time to time in Invacare's reports as filed with the Securities and Exchange Commission. Except to the extent required by law, we do not undertake and specifically decline any obligation to review or update any forward-looking statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments or otherwise.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

The information called for by this item is provided under the same caption under Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations.

Item 4.    Controls and Procedures.

(a) Evaluation of Disclosure Controls and Procedures

As of March 31, 2013, an evaluation was performed, under the supervision and with the participation of the company’s management, including the Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the company’s disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based on that evaluation, the company’s management, including the Chief Executive Officer and Chief Financial Officer, concluded that the company’s disclosure controls and procedures were effective as of March 31, 2013, in ensuring that information required to be disclosed by the company in the reports it files and submits under the Exchange Act is (1) recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms and (2) accumulated and communicated to the company’s management, including the Chief Executive Officer and the Chief Financial Officer, as appropriate to allow for timely decisions regarding required disclosure.

(b) Changes in Internal Control Over Financial Reporting

There have been no changes in the company’s internal control over financial reporting that occurred during the company’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the company’s internal control over financial reporting.

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Part II. OTHER INFORMATION

Item 1.    Legal Proceedings.

In the ordinary course of its business, Invacare is a defendant in a number of lawsuits, primarily product liability actions in which various plaintiffs seek damages for injuries allegedly caused by defective products. All of the product liability lawsuits have been referred to the company's captive insurance company and/or excess insurance carriers and generally are contested vigorously. The coverage territory of the company's insurance is worldwide with the exception of those countries with respect to which, at the time the product is sold for use or at the time a claim is made, the U.S. government has suspended or prohibited diplomatic or trade relations. Management does not believe that the outcome of any of these actions will have a material adverse effect upon the company's business or financial condition.

As previously disclosed, in December 2012, the company reached agreement with the FDA on the terms of the consent decree of injunction with respect to the company's corporate facility and its Taylor Street wheelchair manufacturing facility in Elyria, Ohio. On December 21, 2012, a complaint and consent decree were filed in the U.S. District Court for the Northern District of Ohio, and on December 21, 2012, the Court approved the consent decree and it became effective. The consent decree limits the company's manufacture and distribution of custom power and manual wheelchairs, wheelchair components and wheelchair sub-assemblies at or from its Taylor Street manufacturing facility. The decree also temporarily limits design activities related to wheelchairs and power beds that take place at the impacted Elyria, Ohio facilities. However, the company is entitled to continue to produce from the Taylor Street manufacturing facility certain medically necessary products, as well as ongoing replacement, service and repair of products already in use, under terms delineated in the consent decree and is able to fulfill purchase orders and quotes that were in the company's order fulfillment system prior to the effective date of the decree. Under the terms of the consent decree, in order to resume full operations at the impacted facilities, the company must successfully complete a third-party expert certification audit and receive written notification from the FDA. The certification audit is comprised of three distinct reports. The expert certification audit will be followed by an FDA inspection of the company's compliance with the quality system regulations. Each of the three audits will result in a third-party expert report that will then be reviewed by the FDA which will complete its own review procedures. Because the FDA has the authority to reinspect at any time, the company cannot determine whether the FDA will elect to inspect after the first or second third-party expert audits. Once satisfied with the company's compliance, the FDA will provide written notification that the company is permitted to resume full operations at the impacted facilities.

At the time of filing this quarterly report on Form 10-Q, the company has completed the first two of its third-party expert certification audits and is providing follow-up information requested by the FDA as to one of the audits. In these reports, the third-party expert certified that the company's equipment and process validation procedures and its design control systems are compliant with the FDA's Quality System Regulation. The company expects to receive the FDA's response within a few weeks based upon the terms of the consent decree. Because the FDA has the authority to reinspect at any time, the company cannot determine whether the FDA will elect to inspect after either the first or second third-party expert audits. Receiving the FDA's approval on the first certification audit would permit the company's Taylor Street facility to resume supplying parts and components for the further manufacturing of medical devices at other Invacare facilities. Once the company receives the FDA's approval on the second certification report, the company may resume design activities, which will enable it to refocus its engineering resources on new product development. The third, most comprehensive third-party certification audit is a comprehensive review of the company's compliance with the FDA's Quality System Regulation at the impacted Elyria facilities.

The company began its third, final and most comprehensive third party certification audit in late March.  The company's goal has been and continues to be to get the third certification audit completed in the second quarter.   Based on the scope and complexity of this very comprehensive audit and recent discussions with the company's third party expert, the company's June 30 goal is aggressive. Nevertheless, the company is working diligently to accomplish its original goal of finalizing the report by June 30, 2013. Once completed, according to the consent decree, the FDA has thirty (30) days after receipt of the third expert certification audit results to commence its own inspection. It is not possible for the company to estimate the timing or potential response of the FDA's inspection and subsequent written notifications. Once the company receives written notification from the FDA that the Corporate and Taylor Street facilities appear to be in compliance, the company may resume full operations at those facilities.

In a letter dated February 6, 2013, the FDA notified the company that, in the FDA's review of approved verification of medical necessity (VMN) forms that the company had submitted, it had found that the company failed to reject certain VMN forms which the FDA considered inadequately completed, and that similar failures in the future could result in the assessment of liquidated damages under the terms of the consent decree. The company has had discussions with and responded to the FDA and has taken actions to address the FDA's concerns by enhancing the company's rigorous VMN review process. In addition, the company continues to provide training and feedback to providers and clinicians to educate them on the expectations for properly

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completing the VMN forms. By letter dated April 23, 2013, the FDA informed the company, among other things, that the VMNs completed after February 6, 2013 meet the FDA's expectations.

For additional information regarding the consent decree, please see the following sections of the company's Annual Report on Form 10-K for the period ending December 31, 2012: Item 1. Business - Government Regulation and Item 1A. Risk Factors; and Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations - Outlook and - Liquidity and Capital Resources in this Quarterly Report on Form 10-Q.

As previously disclosed, in December 2010, the company received a warning letter from the FDA related to quality system processes and procedures at the company's Sanford, Florida facility. At the time of this filing, this matter remains pending. See Item 1A. Risk Factors in the company's Annual Report on Form 10-K for the period ending December 31, 2012.

The company received a subpoena in 2006 from the U.S. Department of Justice (“DOJ”) seeking documents relating to three longstanding and well-known promotional and rebate programs maintained by the company. The company believes that the programs described in the subpoena are in compliance with all applicable laws and the company has cooperated fully with the government investigation. As of the filing of this Quarterly Report on Form 10-Q, the subpoena remains pending; although the last communication with the DOJ was in 2007.

Item 1A. Risk Factors.

In addition to the other information set forth in this report, you should carefully consider the risk factors disclosed in Item 1A of the company’s Annual Report on Form 10-K for the fiscal period ended December 31, 2012.

Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

The following table presents information with respect to repurchases of common shares made by the company during the three months ended March 31, 2013.

Period			Total Number of Shares  Purchased	Average Price Paid Per  Share		Total Number of Shares Purchased as Part of Publicly  Announced Plans or Programs	Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs (1)
1/1/2013	-	3/31/2013	—	$	—	—	2,453,978
2/1/2013	-	2/28/2013	—	—		—	2,453,978
3/1/2013	-	3/31/2013	—	—		—	2,453,978
Total			—	$	—	—	2,453,978

________________________ 

(1) In 2001, the Board of Directors authorized the company to purchase up to 2,000,000 Common Shares, excluding any shares acquired from employees or directors as a result of the exercise of options or vesting of restricted shares pursuant to the company’s performance plans. The Board of Directors reaffirmed its authorization of this repurchase program on November 5, 2010, and on August 17, 2011 authorized an additional 2,046,500 shares for repurchase under the plan. To date, the company has purchased 1,592,522 shares under this program, with authorization remaining to purchase 2,453,978 shares. The company purchased no shares pursuant to this Board authorized program during the quarter ended March 31, 2013.

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Item 6.    Exhibits

Exhibit       No.
31.1	Chief Executive Officer Rule 13a-14(a)/15d-14(a) Certification (filed herewith).
31.2	Chief Financial Officer Rule 13a-14(a)/15d-14(a) Certification (filed herewith).
32.1	Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith).
32.2	Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith).
101.INS*	XBRL instance document
101.SCH*	XBRL taxonomy extension schema
101.CAL*	XBRL taxonomy extension calculation linkbase
101.DEF*	XBRL taxonomy extension definition linkbase
101.LAB*	XBRL taxonomy extension label linkbase
101.PRE*	XBRL taxonomy extension presentation linkbase

* Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		INVACARE CORPORATION
Date:	May 7, 2013	By:	/s/ Robert K. Gudbranson
			Name:  Robert K. Gudbranson
			Title:  Chief Financial Officer
			(As Principal Financial and Accounting Officer and on behalf of the registrant)

I-14

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Gerald B. Blouch, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Invacare Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

		INVACARE CORPORATION
		/s/    GERALD B. BLOUCH
		Gerald B. Blouch Chief Executive Officer (Principal Executive Officer)
Date:	May 7, 2013

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Robert K. Gudbranson, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Invacare Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

		INVACARE CORPORATION
		/s/    ROBERT K. GUDBRANSON
		Robert K. Gudbranson Chief Financial Officer (Principal Financial Officer)
Date:	May 7, 2013

EX-32.1

Exhibit 32.1

Certification

Pursuant to Section 18 U.S.C. Section 1350,

as adopted pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Invacare Corporation (the “company”) on Form 10-Q for the period ending March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Gerald B. Blouch, Chief Executive Officer of the company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the company.

		/s/    GERALD B. BLOUCH
		Gerald B. Blouch Chief Executive Officer
Date:	May 7, 2013

A signed original of this written statement required by Section 906 has been provided to Invacare Corporation and will be retained by Invacare Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

Exhibit 32.2

Certification

Pursuant to Section 18 U.S.C. Section 1350,

as adopted pursuant to Section 906

of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Invacare Corporation (the “company”) on Form 10-Q for the period ending March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Robert K. Gudbranson, Chief Financial Officer of the company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the company.

		/s/   ROBERT K. GUDBRANSON
		Robert K. Gudbranson Chief Financial Officer
Date:	May 7, 2013

A signed original of this written statement required by Section 906 has been provided to Invacare Corporation and will be retained by Invacare Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

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Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Changes in accumulated other comprehensive income (OCI) during the period ended March 31, 2013 were as follows (in thousands):

	Foreign Currency	Long-Term Notes		Defined Benefit Plans		Derivatives		Total
December 31, 2012	117,465	2,845		(6,785	)	(782	)	112,743
OCI before reclassifications	194	(1,692	)	123		1,243		(132	)
Amount reclassified from accumulated OCI	—	—		13		253		266
Net current-period OCI	194	(1,692	)	136		1,496		134
March 31, 2013	117,659	1,153		(6,649	)	714		112,877

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

Reclassifications out of accumulated OCI during the period ended March 31, 2013 were as follows (in thousands):

	Amount reclassified from OCI		Affected line item in the Statement of Comprehensive Income (Loss)
Defined Benefit Plans
Service and interest costs	15		Selling, General and Administrative
Tax	(2	)	Income Taxes
Total after tax	13
Derivatives
Foreign currency forward contracts hedging sales	(136	)	Net Sales
Foreign currency forward contracts hedging purchases	356		Cost of Products Sold
Interest rate swaps	67		Interest Expense
Total before tax	287
Tax	(34	)	Income Taxes
Total after tax	253

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Other Current Assets (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Other Current Assets [Abstract]
Other current assets	$ 40,560	$ 41,776
Value Added Tax Receivable, Current	17,327	18,002
Income Taxes Receivable, Current	3,495	6,192
Derivative Assets	2,031	1,062
Prepaid Insurance	1,556	2,241
Prepaid Expense and Other Assets, Current	$ 16,151	$ 14,279

XML

Receivables Narrative (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for Doubtful Accounts Receivable	$ 22,122,000	$ 22,213,000
Number of Missed Payments before Delinquent	3	3
Typical Financing Period	12 months
Credit amount requiring additional analysis	250,000
Average Period of Adjudication	18 months
Installment receivable purchased from DLL	$ 1,035,000

XML

Charges Related To Restructuring Activities Narrative (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	$ 2,522,000	$ 11,395,000	$ 10,534,000
Restructuring Reserve, Settled with Cash	4,022,000	9,381,000	5,555,000
Restructuring and Related Activities, Expected Payout Period	12 months
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	2,436,000	6,775,000	8,352,000
Restructuring Reserve, Settled with Cash	3,101,000	6,469,000	3,447,000
Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	86,000	1,725,000	1,788,000
Restructuring Reserve, Settled with Cash	766,000	174,000	1,714,000
Product Line Discontinuance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	0	491,000	277,000
Restructuring Reserve, Settled with Cash	151,000	340,000	277,000
Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	0	2,404,000	117,000
Restructuring Reserve, Settled with Cash	4,000	2,398,000	117,000
Europe [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	115,000	2,093,000	5,466,000
Restructuring Reserve, Settled with Cash	461,000	3,314,000	3,650,000
Europe [Member] | Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	115,000	817,000	3,288,000
Restructuring Reserve, Settled with Cash	461,000	1,964,000	1,546,000
Europe [Member] | Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	0	53,000	1,788,000
Restructuring Reserve, Settled with Cash	0	127,000	1,714,000
Europe [Member] | Product Line Discontinuance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	0	0	277,000
Restructuring Reserve, Settled with Cash	0	0	277,000
Europe [Member] | Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	0	1,223,000	113,000
Restructuring Reserve, Settled with Cash	0	1,223,000	113,000
Asia Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	539,000	5,020,000	186,000
Restructuring Reserve, Settled with Cash	1,539,000	2,369,000	186,000
Asia Pacific [Member] | Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	453,000	1,681,000	186,000
Restructuring Reserve, Settled with Cash	618,000	812,000	186,000
Asia Pacific [Member] | Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	86,000	1,667,000	0
Restructuring Reserve, Settled with Cash	766,000	42,000	0
Asia Pacific [Member] | Product Line Discontinuance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	0	491,000	0
Restructuring Reserve, Settled with Cash	151,000	340,000	0
Asia Pacific [Member] | Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	0	1,181,000	0
Restructuring Reserve, Settled with Cash	4,000	1,175,000	0
NA/HME [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	1,679,000	4,247,000	4,759,000
Restructuring Reserve, Settled with Cash	2,005,000	3,592,000	1,667,000
NA/HME [Member] | Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	1,679,000	4,242,000	4,755,000
Restructuring Reserve, Settled with Cash	2,005,000	3,587,000	1,663,000
NA/HME [Member] | Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	0	5,000	0
Restructuring Reserve, Settled with Cash	0	5,000	0
NA/HME [Member] | Product Line Discontinuance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	0	0	0
Restructuring Reserve, Settled with Cash	0	0	0
NA/HME [Member] | Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges including Inventory Markdowns	0	0	4,000
Restructuring Reserve, Settled with Cash	$ 0	$ 0	$ 4,000

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Property And Equipment (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 483,421	$ 479,931
Less allowance for depreciation	(367,355)	(361,700)
Property and Equipment, net	116,066	118,231
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	359,589	356,512
Land, Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	95,438	95,047
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	13,446	13,397
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross	$ 14,948	$ 14,975

XML

Fair Values of Financial Instruments Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) (Fair Value, Measurements, Recurring [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ (330)	$ 5
Interest Rate Derivative Liabilities, at Fair Value	(120)	(316)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
Interest Rate Derivative Liabilities, at Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	(330)	5
Interest Rate Derivative Liabilities, at Fair Value	(120)	(316)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
Interest Rate Derivative Liabilities, at Fair Value	$ 0	$ 0

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Accounting Policies (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Significant Accounting Policies [Line Items]
Share-based Compensation	$ 1,160	$ 1,534

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Other Current Assets (Tables)

3 Months Ended

Mar. 31, 2013

Other Current Assets [Abstract]

Schedule of Other Assets [Table Text Block]

Other current assets consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Value added tax receivables	$	17,327	$	18,002
Recoverable income taxes	3,495		6,192
Derivatives (foreign currency forward contracts)	2,031		1,062
Prepaid insurance	1,556		2,241
Prepaids and other current assets	16,151		14,279
	$	40,560	$	41,776

XML

Fair Values of Financial Instruments Details of Book Value and Fair Value of Financial Instruments (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2011
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 25,081	$ 38,791	$ 32,668	$ 34,924
Installment receivables, net	1,970	2,188
Other current assets	40,560	41,776
Cash and Cash Equivalents [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, at Carrying Value	25,081
Cash and Cash Equivalents		38,791
Cash and Cash Equivalents [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	25,081	38,791
Other Assets [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other Investments	1,190	1,171
Other Assets [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other Investments	1,190	1,171
Accounts and Notes Receivable, Net [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Installment receivables, net	2,465	2,594
Accounts and Notes Receivable, Net [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Installment receivables, net	2,465	2,594
Debt [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt (including current maturities of long-term debt)	(116,618)	(234,802)
Debt [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt (including current maturities of long-term debt)	(115,392)	(234,072)
Foreign Exchange Forward [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other current assets	2,031	1,062
Accrued Expenses	(2,361)	(1,057)
Foreign Exchange Forward [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other current assets	2,031	1,062
Accrued Expenses	(2,361)	(1,057)
Interest Rate Swap [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued Expenses	(120)	(316)
Interest Rate Swap [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Accrued Expenses	$ (120)	$ (316)

XML

Net Earnings (Loss) Per Common Share Textuals (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	5,103,319	4,287,922
Antidilutive Share Granted, Average Exercise Price	$ 41.87	$ 24.45
Fair value stock price	$ 15.41	$ 16.74

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Other Intangibles (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	$ 148,335,000	$ 151,345,000
Finite-Lived Intangible Assets, Accumulated Amortization	79,167,000	79,693,000
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	90,940,000	93,572,000
Finite-Lived Intangible Assets, Accumulated Amortization	57,702,000	58,447,000
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	3,193,000	3,212,000
Finite-Lived Intangible Assets, Accumulated Amortization	3,193,000	3,212,000
Developed Technology Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	9,636,000	9,650,000
Finite-Lived Intangible Assets, Accumulated Amortization	5,733,000	5,588,000
Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	6,023,000	6,060,000
Finite-Lived Intangible Assets, Accumulated Amortization	5,306,000	5,234,000
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Gross	7,512,000	7,571,000
Finite-Lived Intangible Assets, Accumulated Amortization	7,233,000	7,212,000
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	0	0
Indefinite-lived Intangible Assets	$ 31,031,000	$ 31,280,000

XML

Derivatives Balance Sheet Location (Details) (USD $)			3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2013 Foreign Exchange Forward [Member]	Mar. 31, 2012 Foreign Exchange Forward [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Mar. 31, 2013 Interest Rate Swap [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Interest Rate Swap [Member] Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Notional Amount of Derivatives, Matured During Period			$ 33,494,000	$ 36,967,000
Derivative Assets	2,031,000	1,062,000			2,024,000	375,000	7,000	687,000	0	0
Liabilities	$ 2,481,000	$ 1,373,000			$ 1,183,000	$ 915,000	$ 1,178,000	$ 142,000	$ 120,000	$ 316,000

XML

Contingencies Contingencies (Details)	0 Months Ended
	Dec. 21, 2012
Commitments and Contingencies Disclosure [Abstract]
Consent Decree Court Approval Date	Dec. 21, 2012

XML

Derivatives Gain (Loss) in Statement of Finacial Position (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)	$ 1,864,000	$ 120,000
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	(287,000)	779,000
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	57,000	0
Amount of Gain (Loss) Recognized in Income on Derivatives	(220,000)	822,000
Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income	136,000	258,000
Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income		564,000
Derivative Instruments, Gain (Loss) Recognized in Income	356,000
Foreign Exchange Forward [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives	(1,171,000)	83,000
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)	1,601,000	10,000
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	(220,000)	779,000
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	57,000	0
Foreign Exchange Forward [Member] | Selling General and Administrative Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income	(1,171,000)
Derivative Instruments, Gain (Loss) Recognized in Income		83,000
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)	263,000	110,000
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	(67,000)	0
Amount of Gain (Loss) Recognized in Income on Derivatives (Ineffective Portion and Amount Excluded from Effectiveness Testing)	0	0
Interest Rate Swap [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income	226,000	126,000
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Income on Derivatives	$ (1,171,000)	$ 83,000

XML

Income Taxes (Narrative) (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Sep. 30, 2011
Income Tax Disclosure [Abstract]
Effective Income Tax Rate, Continuing Operations	62.20%	22.90%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	35.00%		35.00%

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Business Segments

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Business Segments

Business Segments

The company operates in four primary business segments: North America/Home Medical Equipment (North America/HME), Institutional Products Group (IPG), Europe and Asia/Pacific. The North America/HME segment sells each of three primary product lines, which includes: lifestyle, mobility and seating and respiratory therapy products. IPG sells or rents long-term care medical equipment, health care furnishings and accessory products. Europe and Asia/Pacific sell product lines similar to North America/HME and IPG. Each business segment sells to the home health care, retail and extended care markets.

The company evaluates performance and allocates resources based on profit or loss from operations before income taxes for each reportable segment. The accounting policies of each segment are the same as those described in the summary of significant accounting policies for the company’s consolidated financial statements. Intersegment sales and transfers are based on the costs to manufacture plus a reasonable profit element. Therefore, intercompany profit or loss on intersegment sales and transfers is not considered in evaluating segment performance except for Asia/Pacific due to its significant intercompany sales volume relative to the segment.

The information by segment is as follows (in thousands):

	For the Three Months Ended March 31,
	2013			2012
Revenues from external customers
North America/HME	$	152,157		$	176,119
Institutional Products Group	35,128			36,138
Europe	137,634			125,303
Asia/Pacific	12,697			17,540
Consolidated	$	337,616		$	355,100
Intersegment revenues
North America/HME	$	18,836		$	29,111
Institutional Products Group	1,383			1,824
Europe	1,953			1,978
Asia/Pacific	6,882			10,530
Consolidated	$	29,054		$	43,443
Restructuring charges before income taxes
North America/HME	$	1,679		$	117
Institutional Products Group	188			35
Europe	115			291
Asia/Pacific	540			118
Consolidated	$	2,522		$	561
Earnings (loss) before income taxes
North America/HME	$	(11,352	)	$	5,696
Institutional Products Group	1,847			3,378
Europe	5,843			5,485
Asia/Pacific	(2,261		)	(1,061		)
All Other (1)	(6,060		)	(6,225		)
Consolidated	$	(11,983	)	$	7,273

  ________________________

(1) Consists of un-allocated corporate SG&A costs and intercompany profits, which do not meet the quantitative criteria for determining reportable segments. In addition, the “All Other” earnings (loss) before income taxes includes loss on debt extinguishment including debt finance charges, interest and fees.

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Receivables Rollforward of Allowance for Doubtful Accounts (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			12 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013 Installment Receivables [Member]	Dec. 31, 2012 Installment Receivables [Member]
Allowance for Doubtful Accounts [Roll Forward]
Balance as of January 1	$ 3,823		$ 3,823	$ 4,273
Current period provision	768	1,440	519	458
Direct write-offs charged against the allowance			(299)	(908)
Balance as of December 31	$ 4,043		$ 4,043	$ 3,823

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Derivatives (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

oreign currency forward exchange contracts qualifying and designated for hedge accounting treatment were as follows (in thousands USD):

	March 31, 2013					December 31, 2012
	Notional Amount		Unrealized Net Gain (Loss)			Notional Amount		Unrealized Net Gain (Loss)
USD / AUD	$	1,289	$	(19	)	$	—	$	—
USD / CAD	26,998		(95		)	17,620		(6		)
USD / CNY	2,526		(21		)	—		—
USD / CHF	704		25			—		—
USD / EUR	46,336		(756		)	59,510		(797		)
USD / GBP	1,940		102			2,519		(3		)
USD / NZD	3,965		32			—		—
USD / SEK	5,940		144			—		—
USD / MXP	6,855		430			6,954		141
EUR / CAD	1,256		—			—		—
EUR / CHF	4,601		79			—		—
EUR / GBP	15,675		156			2,077		46
EUR / SEK	1,505		(7		)	—		—
EUR / NZD	5,450		311			5,749		105
GBP / AUD	574		(23		)	—		—
GBP / CHF	887		(6		)	—		—
GBP / SEK	3,302		291			4,154		25
DKK / SEK	4,441		95			6,397		(47		)
NOK / SEK	2,681		103			3,428		(4		)
	$	136,925	$	841		$	108,408	$	(540	)

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

Foreign currency forward exchange contracts not qualifying or designated for hedge accounting treatment entered into in 2013 and 2012, respectively, and outstanding were as follows (in thousands USD):

	March 31, 2013					March 31, 2012
	Notional Amount		Gain (Loss)			Notional Amount		Gain (Loss)
CAD / USD	$	24,120	$	(544	)	$	7,138	$	77
CHF / USD	—		—			3,315		63
DKK / USD	22,970		(598		)	8,137		(73		)
NZD / USD	—		—			1,377		7
SEK / CAD	—		—			2,483		(2		)
AUD / EUR	1,500		(35		)	—		—
AUD / GBP	2,966		6			—		—
AUD / NZD	—		—			1,066		11
	$	51,556	$	(1,171	)	$	23,516	$	83

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location [Table Text Block]

The fair values of the company’s derivative instruments were as follows (in thousands):

	March 31, 2013				December 31, 2012
	Assets		Liabilities		Assets		Liabilities
Derivatives designated as hedging instruments under ASC 815
Foreign currency forward contracts	$	2,024	$	1,183	$	375	$	915
Interest rate swap contracts	—		120		—		316
Derivatives not designated as hedging instruments under ASC 815
Foreign currency forward contracts	7		1,178		687		142
Total derivatives	$	2,031	$	2,481	$	1,062	$	1,373

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

The effect of derivative instruments on the Statement of Comprehensive Income (Loss) and Other Comprehensive Income (OCI) was as follows (in thousands):

Derivatives in ASC 815 cash flow hedge relationships	Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)		Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)			Amount of Gain (Loss) Recognized in Income on Derivatives  (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Three months ended March 31, 2013
Foreign currency forward contracts	$	1,601	$	(220	)	$	57
Interest rate swap contracts	263		(67		)	—
	$	1,864	$	(287	)	$	57
Three months ended March 31, 2012
Foreign currency forward contracts	$	10	$	779		$	—
Interest rate swap contracts	110		—			—
	$	120	$	779		$	—
Derivatives not designated as hedging instruments under ASC 815						Amount of Gain (Loss) Recognized in Income on Derivatives
Three months ended March 31, 2013
Foreign currency forward contracts						$	(1,171	)
Three months ended March 31, 2012
Foreign currency forward contracts						$	83

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Derivatives Notional Amounts (Details) (USD $)	3 Months Ended																					12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended
	Mar. 31, 2013 Foreign Exchange Forward [Member]	Mar. 31, 2012 Foreign Exchange Forward [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Mar. 31, 2012 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member] AUD / EUR [Member]	Mar. 31, 2012 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member] AUD / EUR [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member] AUD / GBP [Member]	Mar. 31, 2012 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member] AUD / GBP [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Mar. 31, 2012 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Mar. 31, 2012 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member] EUR / SEK [Member]	Mar. 31, 2012 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member] EUR / SEK [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Mar. 31, 2012 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Mar. 31, 2012 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member] AUD / NZD [Member]	Mar. 31, 2012 Foreign Exchange Forward [Member] Not Designated as Hedging Instrument [Member] AUD / NZD [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] DKK / SEK [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] DKK / SEK [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] EUR / CAD [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] EUR / CAD [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] EUR / CHF [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] EUR / CHF [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] EUR / GBP [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] EUR / GBP [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] EUR / SEK [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] EUR / SEK [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] EUR / NZD [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] EUR / NZD [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] GBP / AUD [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] GBP / AUD [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] GBP / CHF [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] GBP / CHF [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] GBP / SEK [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] GBP / SEK [Member]	Mar. 31, 2013 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] NOK / CHF [Member]	Dec. 31, 2012 Foreign Exchange Forward [Member] Designated as Hedging Instrument [Member] NOK / CHF [Member]	Mar. 31, 2013 Minimum [Member]	Mar. 31, 2013 Maximum [Member]
Derivative [Line Items]
Derivative, Percentage of Forcasted Transactions With Currency Rate Exposure																																																													60.00%	90.00%
Notional Amount of Derivatives, Matured During Period	$ 33,494,000	$ 36,967,000
Notional Amount			51,556,000	23,516,000	1,500,000	0	2,966,000	0	24,120,000	7,138,000	0	1,377,000	0	2,483,000	0	3,315,000	22,970,000	8,137,000	0	1,066,000	136,925,000	108,408,000	4,441,000	6,397,000	1,289,000	0	26,998,000	17,620,000	2,526,000	0	704,000	0	46,336,000	59,510,000	1,940,000	2,519,000	3,965,000	0	5,940,000	0	6,855,000	6,954,000	1,256,000	0	4,601,000	0	15,675,000	2,077,000	1,505,000	0	5,450,000	5,749,000	574,000	0	887,000	0	3,302,000	4,154,000	2,681,000	3,428,000
Unrealized Gain (Loss)																					841,000	(540,000)	95,000	(47,000)	(19,000)	0	(95,000)	(6,000)	(21,000)	0	25,000	0	(756,000)	(797,000)	102,000	(3,000)	32,000	0	144,000	0	430,000	141,000	0	0	79,000	0	156,000	46,000	(7,000)	0	311,000	105,000	(23,000)	0	(6,000)	0	291,000	25,000	103,000	(4,000)
Amount of Gain (Loss) Recognized in Income on Derivatives	$ (1,171,000)	$ 83,000	$ (1,171,000)	$ 83,000	$ (35,000)	$ 0	$ 6,000	$ 0	$ (544,000)	$ 77,000	$ 0	$ 7,000	$ 0	$ (2,000)	$ 0	$ 63,000	$ (598,000)	$ (73,000)	$ 0	$ 11,000

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Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

The liability components of the company’s convertible debt consist of the following (in thousands):

	March 31, 2013			December 31, 2012
Principal amount of liability component	$	13,350		$	13,350
Unamortized discount	(3,190		)	(3,341		)
Net carrying amount of liability component	$	10,160		$	10,009

Schedule of Long-term Debt Instruments [Table Text Block]

Debt consists of the following (in thousands):

	March 31, 2013			December 31, 2012
$400,000,000 senior secured revolving credit facility, due in October 2015	$	99,390		$	217,494
Convertible senior subordinated debentures at 4.125%, due in February 2027	10,160			10,009
Other notes and lease obligations	7,068			7,299
	116,618			234,802
Less current maturities of long-term debt	(3,294		)	(5,427		)
	$	113,324		$	229,375

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Receivables Aging of Installment Receivables (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	$ 1,483	$ 1,467
0-30 Days Past Due	46	43
31-60 Days Past Due	6	2
61-90 Days Past Due	0	0
Greater than 90 Days Past Due	5,035	4,976
Total Installment Receivables Past Due	6,570	6,488
U.S.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	0	0
0-30 Days Past Due	0	0
31-60 Days Past Due	0	0
61-90 Days Past Due	0	0
Greater than 90 Days Past Due	4,905	4,508
Total Installment Receivables Past Due	4,905	4,508
CANADA
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current	1,483	1,467
0-30 Days Past Due	46	43
31-60 Days Past Due	6	2
61-90 Days Past Due	0	0
Greater than 90 Days Past Due	130	468
Total Installment Receivables Past Due	$ 1,665	$ 1,980

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Shareholders' Equity Transactions Stock Options Outstanding by Exercise Price (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	10 years
Range of Exercise Price, Lower Limit	$ 13.37
Range of Exercise Price, Upper Limit	$ 47.80
Number Outstanding at end of period	5,264,943
Weighted Average Remaining Contractual Life	6 years
Weighted Average Exercise Price	$ 24.68	$ 26.21
Number Exercisable At end of period	3,044,920
Weighted Average Exercise Price	$ 29.93
Range of Exercise Price 13.37 to 15.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower Limit	$ 13.37
Range of Exercise Price, Upper Limit	$ 15.00
Number Outstanding at end of period	1,443,486
Weighted Average Remaining Contractual Life	9 years 8 months 13 days
Weighted Average Exercise Price	$ 13.96
Number Exercisable At end of period	1,986
Weighted Average Exercise Price	$ 13.37
Range of Exercise Price 15.01 to 25.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower Limit	$ 15.01
Range of Exercise Price, Upper Limit	$ 25.00
Number Outstanding at end of period	1,725,029
Weighted Average Remaining Contractual Life	6 years 0 months 13 days
Weighted Average Exercise Price	$ 22.49
Number Exercisable At end of period	1,196,559
Weighted Average Exercise Price	$ 22.13
Range of Exercise Price 25.01 to 35.00 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower Limit	$ 25.01
Range of Exercise Price, Upper Limit	$ 35.00
Number Outstanding at end of period	1,015,637
Weighted Average Remaining Contractual Life	6 years 0 months 13 days
Weighted Average Exercise Price	$ 25.78
Number Exercisable At end of period	765,585
Weighted Average Exercise Price	$ 25.89
Range of Exercise Price 35.01 to 47.80 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower Limit	$ 35.01
Range of Exercise Price, Upper Limit	$ 47.80
Number Outstanding at end of period	1,080,791
Weighted Average Remaining Contractual Life	1 year 4 months 13 days
Weighted Average Exercise Price	$ 41.45
Number Exercisable At end of period	1,080,790
Weighted Average Exercise Price	$ 41.45

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Long-Term Debt Line of Credit (Details) (Line of Credit [Member], Senior Secured Revolving Credit Facility October 2015 [Member], USD $) In Millions, unless otherwise specified	Oct. 28, 2010
Line of Credit [Member] | Senior Secured Revolving Credit Facility October 2015 [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 400

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Discontinued Operations (Details) (USD $)	0 Months Ended		3 Months Ended
	Jan. 18, 2013	Dec. 21, 2012	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Agreement to Sell Operations Date		Dec. 21, 2012
Disposal Date	Jan. 18, 2013
Proceeds from Divestiture of Businesses			$ 150,800,000
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal			59,402,000	0
Disposal Group, Expenses Related to Sale of Business			5,250,000
Disposal Group, Expenses Related to Sale of Business, cash paid			3,160,000
Disposal Group Assets and Liabilities Sold [Abstract]
Trade receivables, net					44,196,000
Inventories, net					25,165,000
Other current assets					9,355,000
Property and Equipment, net					1,368,000
Goodwill					23,073,000
Assets held for sale - current			0		103,157,000
Accounts payable					17,692,000
Accrued expenses					4,602,000
Accrued income taxes					1,064,000
Liabilities held for sale - current			0		23,358,000
Net Sales from Discontinued Operations			18,498,000	78,465,000
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax			$ 402,000	$ 3,111,000

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Receivables

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Receivables

Receivables

Accounts receivable are reduced by an allowance for amounts that may become uncollectible in the future. Substantially all of the company’s receivables are due from health care, medical equipment providers and long term care facilities located throughout the United States, Australia, Canada, New Zealand and Europe. A significant portion of products sold to providers, both foreign and domestic, is ultimately funded through government reimbursement programs such as Medicare and Medicaid in the U.S. As a consequence, changes in these programs can have an adverse impact on dealer liquidity and profitability. The estimated allowance for uncollectible amounts ($22,122,000 at March 31, 2013 and $22,213,000 at December 31, 2012) is based primarily on management’s evaluation of the financial condition of specific customers. In addition, as a result of the company's third party financing arrangement with De Lage Landen, Inc. ("DLL"), a third party financing company which the company has worked with since 2000, management monitors the collection status of these contracts in accordance with the company’s limited recourse obligations and provides amounts necessary for estimated losses in the allowance for doubtful accounts and establishing reserves for specific customers as needed. The company charges off uncollectible trade accounts receivable after such receivables are moved to collection status and legal remedies are exhausted. See Concentration of Credit Risk in the Notes to the Consolidated Financial Statements for a description of the financing arrangement. Long-term installment receivables are included in “Other Assets” on the consolidated balance sheet.

The company’s U.S. customers electing to finance their purchases can do so using DLL. In addition, Invacare often provides financing directly for its Canadian customers for which DLL is not an option, as DLL typically provides financing to Canadian customers only on a limited basis. The installment receivables recorded on the books of the company represent a single portfolio segment of finance receivables to the independent provider channel. The portfolio segment is comprised of two classes of receivables distinguished by geography and credit quality. The U.S. installment receivables are the first class and represent installment receivables re-purchased from DLL because the customers were in default. Default with DLL is defined as a customer being delinquent by 3 payments. The Canadian installment receivables represent the second class of installment receivables which were originally financed by Invacare because third party financing was not available to the HME providers. The Canadian installment receivables are typically financed for 12 months and historically have had a very low risk of default.

The estimated allowance for uncollectible amounts and evaluation for impairment for both classes of installment receivables is based on the company’s quarterly review of the financial condition of each individual customer with the allowance for doubtful accounts adjusted accordingly. Installments are individually and not collectively reviewed for impairment. The company assesses the bad debt reserve levels based upon the status of the customer’s adherence to a legally negotiated payment schedule and the company’s ability to enforce judgments, liens, etc.

For purposes of granting or extending credit, the company utilizes a scoring model to generate a composite score that considers each customer’s consumer credit score and/or D&B credit rating, payment history, security collateral and time in business. Additional analysis is performed for customers desiring credit greater than $250,000 which includes a detailed review of the customer’s financials as well as consideration of other factors such as exposure to changing reimbursement laws.

Interest income is recognized on installment receivables based on the terms of the installment agreements. Installment accounts are monitored and if a customer defaults on payments and is moved to collection, interest income is no longer recognized. Subsequent payments received once an account is put on non-accrual status are generally first applied to the principal balance and then to the interest. Accruing of interest on collection accounts would only be restarted if the account became current again. All installment accounts are accounted for using the same methodology regardless of the duration of the installment agreements. When an account is placed in collection status, the company goes through a legal process of adjudication which typically approximates 18 months. Any write-offs are made after the legal process has been completed. The company has not made any changes to either its accounting policies or methodology to estimation allowances for doubtful accounts in the last twelve months.

Installment receivables consist of the following (in thousands):

	March 31, 2013									December 31, 2012
	Current			Long- Term			Total			Current			Long- Term			Total
Installment receivables	$	4,417		$	2,153		$	6,570		$	4,982		$	1,506		$	6,488
Less: Unearned interest	(62		)	—			(62		)	(71		)	—			(71		)
	4,355			2,153			6,508			4,911			1,506			6,417
Allowance for doubtful accounts	(2,385		)	(1,658		)	(4,043		)	(2,723		)	(1,100		)	(3,823		)
	$	1,970		$	495		$	2,465		$	2,188		$	406		$	2,594

Installment receivables purchased from DLL during the three months ended March 31, 2013 increased the gross installment receivables balance by $1,035,000. No sales of installment receivables were made by the company during the quarter.

The movement in the installment receivables allowance for doubtful accounts was as follows (in thousands):

	Three Months Ended March 31, 2013			Year Ended December 31, 2012
Balance as of beginning of period	$	3,823		$	4,273
Current period provision	519			458
Direct write-offs charged against the allowance	(299		)	(908		)
Balance as of end of period	$	4,043		$	3,823

Installment receivables by class as of March 31, 2013 consist of the following (in thousands):

	Total Installment Receivables		Unpaid Principal Balance		Related Allowance for Doubtful Accounts		Interest Income Recognized
U.S.
Impaired Installment receivables with a related allowance recorded	$	4,905	$	4,905	$	3,832	$	—
Canada
Non-Impaired Installment receivables with no related allowance recorded	1,454		1,392		—		30
Impaired Installment receivables with a related allowance recorded	211		211		211		—
Total Canadian Installment Receivables	$	1,665	$	1,603	$	211	$	30
Total
Non-Impaired Installment receivables with no related allowance recorded	1,454		1,392		—		30
Impaired Installment receivables with a related allowance recorded	5,116		5,116		4,043		—
Total Installment Receivables	$	6,570	$	6,508	$	4,043	$	30

Installment receivables by class as of December 31, 2012 consist of the following (in thousands):

	Total Installment Receivables		Unpaid Principal Balance		Related Allowance for Doubtful Accounts		Interest Income Recognized
U.S.
Impaired Installment receivables with a related allowance recorded	$	4,508	$	4,508	$	3,365	$	—
Canada
Non-Impaired Installment receivables with no related allowance recorded	1,522		1,451		—		120
Impaired Installment receivables with a related allowance recorded	458		458		458		—
Total Canadian Installment Receivables	$	1,980	$	1,909	$	458	$	120
Total
Non-Impaired Installment receivables with no related allowance recorded	1,522		1,451		—		120
Impaired Installment receivables with a related allowance recorded	4,966		4,966		3,823		—
Total Installment Receivables	$	6,488	$	6,417	$	3,823	$	120

Installment receivables with a related allowance recorded as noted in the table above represent those installment receivables on a non-accrual basis in accordance with ASU 2010-20. As of March 31, 2013, the company had no U.S. installment receivables past due of 90 days or more for which the company is still accruing interest. Individually, all U.S. installment receivables are assigned a specific allowance for doubtful accounts based on management’s review when the company does not expect to receive both the contractual principal and interest payments as specified in the loan agreement. However, while the full balance may be deemed to be impaired, the company has historically collected a large percentage of the principal of its U.S. installment receivables.

The company had an immaterial amount of Canadian installment receivables which were past due of 90 days or more as of March 31, 2013 and December 31, 2012 for which the company is still accruing interest. The aging of the company’s installment receivables was as follows (in thousands):

	March 31, 2013						December 31, 2012
	Total		U.S.		Canada		Total		U.S.		Canada
Current	$	1,483	$	—	$	1,483	$	1,467	$	—	$	1,467
0-30 Days Past Due	46		—		46		43		—		43
31-60 Days Past Due	6		—		6		2		—		2
61-90 Days Past Due	—		—		—		—		—		—
90+ Days Past Due	5,035		4,905		130		4,976		4,508		468
	$	6,570	$	4,905	$	1,665	$	6,488	$	4,508	$	1,980

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Long-Term Debt Convertible Debt (Details) (Convertible Subordinated Debt [Member], Convertible Senior Subordinated Debentures February 2027 [Member], USD $)	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012	Feb. 17, 2007
Convertible Subordinated Debt [Member] | Convertible Senior Subordinated Debentures February 2027 [Member]
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount	$ (3,190,000)	$ (3,341,000)
Principal Amount			$ 135,000,000
Interest Rate	4.125%

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Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table provides a summary of the company’s assets and liabilities that are measured on a recurring basis (in thousands).

				Basis for Fair Value Measurements at Reporting Date
				Quoted Prices in Active Markets for Identical Assets / (Liabilities)	Significant Other Observable Inputs			Significant Other Unobservable Inputs
	Total			Level I	Level II			Level III
March 31, 2013:
Forward Exchange Contracts—net	$	(330	)	—	$	(330	)	—
Interest Rate Swap Agreements—net	(120		)	—	(120		)	—
December 31, 2012:
Forward Exchange Contracts—net	$	5		—	$	5		—
Interest Rate Swap Agreements—net	(316		)	—	(316		)	—

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying values and fair values of the company’s financial instruments are as follows (in thousands):

	March 31, 2013						December 31, 2012
	Carrying Value			Fair Value			Carrying Value			Fair Value
Cash and cash equivalents	$	25,081		$	25,081		$	38,791		$	38,791
Other investments	1,190			1,190			1,171			1,171
Installment receivables, net of reserves	2,465			2,465			2,594			2,594
Long-term debt (including current maturities of long-term debt)	(116,618		)	(115,392		)	(234,802		)	(234,072		)
Forward contracts in Other Current Assets	2,031			2,031			1,062			1,062
Forward contracts in Accrued Expenses	(2,361		)	(2,361		)	(1,057		)	(1,057		)
Interest rate swap agreements in Accrued Expenses	(120		)	(120		)	(316		)	(316		)

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Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

The amounts of stock-based compensation expense recognized were as follows (in thousands):

	Three Months Ended March 31,
	2013		2012
Stock-based compensation expense recognized as part of selling, general and administrative expense	$	1,160	$	1,534

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Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Principles of Consolidation

Principles of Consolidation: The consolidated financial statements include the accounts of the company and its wholly owned subsidiaries and include all adjustments, which were of a normal recurring nature, necessary to present fairly the financial position of the company as of March 31, 2013, the results of its operations for the three months endedMarch 31, 2013 and changes in its cash flow for the three months ended March 31, 2013 and 2012, respectively. Certain foreign subsidiaries, represented by the European segment, are consolidated using a February 28 quarter end in order to meet filing deadlines. No material subsequent events have occurred related to the European segment, which would require disclosure or adjustment to the company's financial statements. All significant intercompany transactions are eliminated.  The results of operations for the three months endedMarch 31, 2013 are not necessarily indicative of the results to be expected for the full year.

Use of Estimates

Use of Estimates: The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States, which require management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ from these estimates.

Stock-Based Compensation

Stock-Based Compensation Plans: The company accounts for share-based compensation under the provisions of Compensation-Stock Compensation, ASC 718. The company has not made any modifications to the terms of any previously granted options and no significant changes have been made regarding the valuation methodologies used to determine the fair value of options granted. The company continues to use a Black-Scholes valuation model.

The substantial majority of the options awarded have been granted at exercise prices equal to the market value of the underlying stock on the date of grant. Restricted stock awards granted without cost to the recipients are expensed on a straight-line basis over the vesting periods.

The amounts of stock-based compensation expense recognized were as follows (in thousands):

	Three Months Ended March 31,
	2013		2012
Stock-based compensation expense recognized as part of selling, general and administrative expense	$	1,160	$	1,534

The amounts above reflect compensation expense related to restricted stock awards and nonqualified stock options awarded under the 2003 Performance Plan (the “2003 Plan”). Stock-based compensation is not allocated to the business segments, but is reported as part of All Other as shown in the company's Business Segment Note to the Consolidated Financial Statements.

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Other Intangibles Narrative (Details) (USD $)	3 Months Ended			3 Months Ended
	Mar. 31, 2013	Mar. 31, 2013 Trademarks [Member]	Dec. 31, 2012 Trademarks [Member]	Mar. 31, 2013 Minimum [Member]	Mar. 31, 2013 Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets		$ 31,031,000	$ 31,280,000
Finite-Lived Intangible Assets, Useful Life, Minimum				3 years	20 years
Finite Lived Intangible Assets, Useful Life Minimum for Majority of Assets	10 years
Finite-Lived Intangible Assets, Average Useful Life	13 years
Finite-Lived Intangible Assets, Amortization Expense	$ 2,615,000

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Business Segments (Tables)

3 Months Ended

Mar. 31, 2013

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The information by segment is as follows (in thousands):

	For the Three Months Ended March 31,
	2013			2012
Revenues from external customers
North America/HME	$	152,157		$	176,119
Institutional Products Group	35,128			36,138
Europe	137,634			125,303
Asia/Pacific	12,697			17,540
Consolidated	$	337,616		$	355,100
Intersegment revenues
North America/HME	$	18,836		$	29,111
Institutional Products Group	1,383			1,824
Europe	1,953			1,978
Asia/Pacific	6,882			10,530
Consolidated	$	29,054		$	43,443
Restructuring charges before income taxes
North America/HME	$	1,679		$	117
Institutional Products Group	188			35
Europe	115			291
Asia/Pacific	540			118
Consolidated	$	2,522		$	561
Earnings (loss) before income taxes
North America/HME	$	(11,352	)	$	5,696
Institutional Products Group	1,847			3,378
Europe	5,843			5,485
Asia/Pacific	(2,261		)	(1,061		)
All Other (1)	(6,060		)	(6,225		)
Consolidated	$	(11,983	)	$	7,273

  ________________________

(1) Consists of un-allocated corporate SG&A costs and intercompany profits, which do not meet the quantitative criteria for determining reportable segments. In addition, the “All Other” earnings (loss) before income taxes includes loss on debt extinguishment including debt finance charges, interest and fees.

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Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2012

Discontinued Operations [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The assets and liabilities of ISG that were sold are shown as held for sale in the company's Consolidated Balance Sheets and are comprised of the following (in thousands):

	December 31, 2012
Trade receivables, net	$	44,196
Inventories, net	25,165
Other current assets	9,355
Property and Equipment, net	1,368
Goodwill	23,073
Assets held for sale - current	$	103,157
Accounts payable	$	17,692
Accrued expenses	4,602
Accrued income taxes	1,064
Liabilities held for sale - current	$	23,358

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Receivables (Tables)

3 Months Ended

Mar. 31, 2013

Receivables [Abstract]

Installment Receivables [Table Text Block]

Installment receivables consist of the following (in thousands):

	March 31, 2013									December 31, 2012
	Current			Long- Term			Total			Current			Long- Term			Total
Installment receivables	$	4,417		$	2,153		$	6,570		$	4,982		$	1,506		$	6,488
Less: Unearned interest	(62		)	—			(62		)	(71		)	—			(71		)
	4,355			2,153			6,508			4,911			1,506			6,417
Allowance for doubtful accounts	(2,385		)	(1,658		)	(4,043		)	(2,723		)	(1,100		)	(3,823		)
	$	1,970		$	495		$	2,465		$	2,188		$	406		$	2,594

Schedule of Installment Receivables Allowance for Doubtful Accounts [Table Text Block]

The movement in the installment receivables allowance for doubtful accounts was as follows (in thousands):

	Three Months Ended March 31, 2013			Year Ended December 31, 2012
Balance as of beginning of period	$	3,823		$	4,273
Current period provision	519			458
Direct write-offs charged against the allowance	(299		)	(908		)
Balance as of end of period	$	4,043		$	3,823

Schedule of Installment Receivables by Class [Table Text Block]

Installment receivables by class as of March 31, 2013 consist of the following (in thousands):

	Total Installment Receivables		Unpaid Principal Balance		Related Allowance for Doubtful Accounts		Interest Income Recognized
U.S.
Impaired Installment receivables with a related allowance recorded	$	4,905	$	4,905	$	3,832	$	—
Canada
Non-Impaired Installment receivables with no related allowance recorded	1,454		1,392		—		30
Impaired Installment receivables with a related allowance recorded	211		211		211		—
Total Canadian Installment Receivables	$	1,665	$	1,603	$	211	$	30
Total
Non-Impaired Installment receivables with no related allowance recorded	1,454		1,392		—		30
Impaired Installment receivables with a related allowance recorded	5,116		5,116		4,043		—
Total Installment Receivables	$	6,570	$	6,508	$	4,043	$	30

Installment receivables by class as of December 31, 2012 consist of the following (in thousands):

	Total Installment Receivables		Unpaid Principal Balance		Related Allowance for Doubtful Accounts		Interest Income Recognized
U.S.
Impaired Installment receivables with a related allowance recorded	$	4,508	$	4,508	$	3,365	$	—
Canada
Non-Impaired Installment receivables with no related allowance recorded	1,522		1,451		—		120
Impaired Installment receivables with a related allowance recorded	458		458		458		—
Total Canadian Installment Receivables	$	1,980	$	1,909	$	458	$	120
Total
Non-Impaired Installment receivables with no related allowance recorded	1,522		1,451		—		120
Impaired Installment receivables with a related allowance recorded	4,966		4,966		3,823		—
Total Installment Receivables	$	6,488	$	6,417	$	3,823	$	120

Schedule of Aging of Installment Receivables [Table Text Block]

The aging of the company’s installment receivables was as follows (in thousands):

	March 31, 2013						December 31, 2012
	Total		U.S.		Canada		Total		U.S.		Canada
Current	$	1,483	$	—	$	1,483	$	1,467	$	—	$	1,467
0-30 Days Past Due	46		—		46		43		—		43
31-60 Days Past Due	6		—		6		2		—		2
61-90 Days Past Due	—		—		—		—		—		—
90+ Days Past Due	5,035		4,905		130		4,976		4,508		468
	$	6,570	$	4,905	$	1,665	$	6,488	$	4,508	$	1,980

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Discontinued Operations (Notes)

3 Months Ended

Mar. 31, 2013

Discontinued Operations [Abstract]

Discontinuted Operations

Discontinued Operations

On December 21, 2012, as part of the company's globalization strategy, and to allow it to focus on its core equipment product lines, the company's board of directors approved of the company entering into an agreement to sell Invacare Supply Group (ISG) and accordingly the company determined on that date that the "held for sale" criteria of ASC 360-10-45-9 were met. Accordingly, the assets and liabilities of ISG (long-lived asset disposal group) are shown at their carrying amounts, which are lower than the fair values less cost to sale as of December 31, 2012.

On January 18, 2013, the company completed the sale of the ISG medical supplies business for a purchase price of approximately $150,800,000 in cash, which is subject to final post-closing adjustments. ISG had been operated on a standalone basis and reported as a reportable segment of the company. The company recorded a gain of approximately $59,402,000 pre-tax in the first quarter of 2013 which represents the excess of the net sales price over the book value of the assets and liabilities of ISG. The sale of this business is dilutive to the Company's results. The Company utilized the proceeds from the sale to reduce debt outstanding under its revolving credit facility in the first quarter of 2013. The company recorded expenses related to the sale of approximately $5,250,000 of which $3,160,000 were paid out as of March 31, 2013. The gain recorded by the company reflects the company's estimated final purchase adjustments.

The assets and liabilities of ISG that were sold are shown as held for sale in the company's Consolidated Balance Sheets and are comprised of the following (in thousands):

	December 31, 2012
Trade receivables, net	$	44,196
Inventories, net	25,165
Other current assets	9,355
Property and Equipment, net	1,368
Goodwill	23,073
Assets held for sale - current	$	103,157
Accounts payable	$	17,692
Accrued expenses	4,602
Accrued income taxes	1,064
Liabilities held for sale - current	$	23,358

The net sales of the discontinued operation were $18,498,000 and $78,465,000for the three months endedMarch 31, 2013 and March 31, 2012, respectively. Earnings before income taxes for the discontinued operation were $402,000 and $3,111,000for the three months endedMarch 31, 2013 and March 31, 2012, respectively.

The company will continue to sell product to the acquirer of ISG and expects to provide certain transitional services to the acquirer over a period of less than one year from the date of sale. The net cash flows expected to be paid and received related to such product sales and transitional services are not expected to be significant.

The company has classified ISG as a discontinued operation for all periods presented.

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Inventories (Tables)

3 Months Ended

Mar. 31, 2013

Inventory, Net [Abstract]

Inventories [Table Text Block]

Inventories consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Finished goods	$	97,273	$	94,675
Raw materials	73,611		71,596
Work in process	16,813		16,975
	$	187,697	$	183,246

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Supplemental Guarantor Information Consolidating Condensed Balance Sheets (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2011
Current Assets
Cash and cash equivalents	$ 25,081	$ 38,791	$ 32,668	$ 34,924
Trade receivables, net	199,382	198,791
Installment receivables, net	1,970	2,188
Inventories, net	187,697	183,246
Deferred income taxes	318	0
Other current assets	40,560	41,776
Assets Held-for-sale, Current	0	103,157
Total Current Assets	455,008	567,949
Investment in subsidiaries	0	0
Intercompany advances, net	0	0
Other Assets	42,653	42,262
Other Intangibles	69,168	71,652
Property and Equipment, net	116,066	118,231
Goodwill	462,294	462,200
Total Assets	1,145,189	1,262,294
Current Liabilities
Accounts payable	119,737	133,048
Accrued expenses	127,626	135,189
Accrued income taxes	12,082	2,713
Short-term debt and current maturities of long-term obligations	3,294	5,427
Liabilities of Assets Held-for-sale	0	23,358
Total Current Liabilities	262,739	299,735
Long-Term Debt	113,324	229,375
Other Long-Term Obligations	112,058	112,195
Inercompany advances, net	0	0
Total Shareholders' Equity	657,068	620,989
Total Liabilities and Shareholders' Equity	1,145,189	1,262,294
The Company (Parent) [Member]
Current Assets
Cash and cash equivalents	1,984	5,774	4,061	3,642
Trade receivables, net	64,304	71,622
Installment receivables, net	0	0
Inventories, net	39,635	40,278
Deferred income taxes	0
Other current assets	13,543	12,727
Assets Held-for-sale, Current		0
Total Current Assets	119,466	130,401
Investment in subsidiaries	1,464,146	1,536,898
Intercompany advances, net	81,788	81,533
Other Assets	41,312	41,006
Other Intangibles	582	663
Property and Equipment, net	40,108	39,911
Goodwill	0	0
Total Assets	1,747,402	1,830,412
Current Liabilities
Accounts payable	48,219	63,812
Accrued expenses	32,718	36,716
Accrued income taxes	3,275	1,545
Short-term debt and current maturities of long-term obligations	2,439	4,552
Liabilities of Assets Held-for-sale		0
Total Current Liabilities	86,651	106,625
Long-Term Debt	107,160	223,014
Other Long-Term Obligations	53,068	52,957
Inercompany advances, net	843,455	826,827
Total Shareholders' Equity	657,068	620,989
Total Liabilities and Shareholders' Equity	1,747,402	1,830,412
Combined Guarantor Subsidiaries [Member]
Current Assets
Cash and cash equivalents	199	1,018	2,463	2,104
Trade receivables, net	37,526	37,223
Installment receivables, net	659	829
Inventories, net	32,742	31,455
Deferred income taxes	0
Other current assets	506	473
Assets Held-for-sale, Current		103,157
Total Current Assets	71,632	174,155
Investment in subsidiaries	528,971	523,176
Intercompany advances, net	877,560	874,567
Other Assets	413	314
Other Intangibles	21,238	22,211
Property and Equipment, net	19,193	19,957
Goodwill	32,937	32,937
Total Assets	1,551,944	1,647,317
Current Liabilities
Accounts payable	9,440	9,465
Accrued expenses	17,922	18,155
Accrued income taxes	0	0
Short-term debt and current maturities of long-term obligations	7	7
Liabilities of Assets Held-for-sale		23,358
Total Current Liabilities	27,369	50,985
Long-Term Debt	123	143
Other Long-Term Obligations	0	0
Inercompany advances, net	268,989	271,353
Total Shareholders' Equity	1,255,463	1,324,836
Total Liabilities and Shareholders' Equity	1,551,944	1,647,317
Combined Non-Guarantor Subsidiaries [Member]
Current Assets
Cash and cash equivalents	22,898	31,999	26,144	29,178
Trade receivables, net	97,552	89,946
Installment receivables, net	1,311	1,359
Inventories, net	118,656	114,169
Deferred income taxes	318
Other current assets	29,861	34,606
Assets Held-for-sale, Current		0
Total Current Assets	270,596	272,079
Investment in subsidiaries	0	6,888
Intercompany advances, net	242,020	238,270
Other Assets	928	942
Other Intangibles	47,348	48,778
Property and Equipment, net	56,765	58,363
Goodwill	429,357	429,263
Total Assets	1,047,014	1,054,583
Current Liabilities
Accounts payable	62,078	59,771
Accrued expenses	80,336	86,348
Accrued income taxes	8,807	1,168
Short-term debt and current maturities of long-term obligations	848	868
Liabilities of Assets Held-for-sale		0
Total Current Liabilities	152,069	148,155
Long-Term Debt	6,041	6,218
Other Long-Term Obligations	58,990	59,238
Inercompany advances, net	88,924	96,190
Total Shareholders' Equity	740,990	744,782
Total Liabilities and Shareholders' Equity	1,047,014	1,054,583
Eliminations [Member]
Current Assets
Cash and cash equivalents	0	0	0	0
Trade receivables, net	0	0
Installment receivables, net	0	0
Inventories, net	(3,336)	(2,656)
Deferred income taxes	0
Other current assets	(3,350)	(6,030)
Assets Held-for-sale, Current		0
Total Current Assets	(6,686)	(8,686)
Investment in subsidiaries	(1,993,117)	(2,066,962)
Intercompany advances, net	(1,201,368)	(1,194,370)
Other Assets	0	0
Other Intangibles	0	0
Property and Equipment, net	0	0
Goodwill	0	0
Total Assets	(3,201,171)	(3,270,018)
Current Liabilities
Accounts payable	0	0
Accrued expenses	(3,350)	(6,030)
Accrued income taxes	0	0
Short-term debt and current maturities of long-term obligations	0	0
Liabilities of Assets Held-for-sale		0
Total Current Liabilities	(3,350)	(6,030)
Long-Term Debt	0	0
Other Long-Term Obligations	0	0
Inercompany advances, net	(1,201,368)	(1,194,370)
Total Shareholders' Equity	(1,996,453)	(2,069,618)
Total Liabilities and Shareholders' Equity	$ (3,201,171)	$ (3,270,018)

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Charges Related To Restructuring Activities (Tables)

3 Months Ended

Mar. 31, 2013

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs [Table Text Block]

A progression by reporting segment of the accruals recorded as a result of the restructuring is as follows (in thousands):

	Severance			Product Line Discontinuance			Contract Terminations			Other			Total
December 31, 2010 Balance
Total	$	—		$	—		$	—		$	—		$	—
Charges
NA/HME	4,755			—			—			4			4,759
IPG	123			—			—			—			123
Europe	3,288			277			1,788			113			5,466
Asia/Pacific	186			—			—			—			186
Total	8,352			277			1,788			117			10,534
Payments
NA/HME	(1,663		)	—			—			(4		)	(1,667		)
IPG	(52		)	—			—			—			(52		)
Europe	(1,546		)	(277		)	(1,714		)	(113		)	(3,650		)
Asia/Pacific	(186		)	—			—			—			(186		)
Total	(3,447		)	(277		)	(1,714		)	(117		)	(5,555		)
December 31, 2011 Balance
NA/HME	3,092			—			—			—			3,092
IPG	71			—			—			—			71
Europe	1,742			—			74			—			1,816
Asia/Pacific	—			—			—			—			—
Total	4,905			—			74			—			4,979
Charges
NA/HME	4,242			—			5			—			4,247
IPG	35			—			—			—			35
Europe	817			—			53			1,223			2,093
Asia/Pacific	1,681			491			1,667			1,181			5,020
Total	6,775			491			1,725			2,404			11,395
Payments
NA/HME	(3,587		)	—			(5		)	—			(3,592		)
IPG	(106		)	—			—			—			(106		)
Europe	(1,964		)	—			(127		)	(1,223		)	(3,314		)
Asia/Pacific	(812		)	(340		)	(42		)	(1,175		)	(2,369		)
Total	(6,469		)	(340		)	(174		)	(2,398		)	(9,381		)
December 31, 2012 Balance
NA/HME	3,747			—			—			—			3,747
IPG	—			—			—			—			—
Europe	595			—			—			—			595
Asia/Pacific	869			151			1,625			6			2,651
Total	5,211			151			1,625			6			6,993

	Severance			Product Line Discontinuance			Contract Terminations			Other			Total
Charges
NA/HME	1,679			—			—			$	—		1,679
IPG	189			—			—			—			189
Europe	115			—			—			—			115
Asia/Pacific	453			—			86			—			539
Total	2,436			—			86			—			2,522
Payments
NA/HME	(2,005		)	—			—			—			(2,005		)
IPG	(17		)	—			—			—			(17		)
Europe	(461		)	—			—			—			(461		)
Asia/Pacific	(618		)	(151		)	(766		)	(4		)	(1,539		)
Total	(3,101		)	(151		)	(766		)	(4		)	(4,022		)
March 31, 2013 Balance
NA/HME	3,421			—			—			—			3,421
IPG	172			—			—			—			172
Europe	249			—			—			—			249
Asia/Pacific	704			—			945			2			1,651
	$	4,546		$	—		$	945		$	2		$	5,493

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Inventories (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Inventory, Net [Abstract]
Finished goods	$ 97,273	$ 94,675
Raw materials	73,611	71,596
Work in process	16,813	16,975
Inventory, Net	$ 187,697	$ 183,246

XML

Net Earnings (Loss) Per Common Share Computation of Basic and Diluted Net Earnings (Loss) Per Common Share (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Basic
Average common shares outstanding	31,902	31,819
Net Earnings (loss)	$ 35,181	$ 8,233
Net earnings (loss) per common share	$ 1.10	$ 0.26
Income (Loss) from Continuing Operations Attributable to Parent	(4,533)	5,605
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	39,714	2,628
Income (Loss) from Continuing Operations, Per Basic Share	$ (0.14)	$ 0.18
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share	$ 1.24	$ 0.08
Diluted
Average common shares outstanding	31,902	31,819
Shares related to convertible debt	0	0
Stock options and awards	32	3
Average common shares assuming dilution	31,934	31,822
Net Earnings (loss)	$ 35,181	$ 8,233
Net Earnings (loss) per Share - Assuming Dilution	$ 1.10	$ 0.26
Income (Loss) from Continuing Operations, Per Diluted Share	$ (0.14)	$ 0.18
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share	$ 1.24	$ 0.08

XML

Consolidated Statement Of Comprehensive Income (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Net sales	$ 337,616	$ 355,100
Cost of Goods Sold	241,838	244,503
Gross Profit	95,778	110,597
Selling, general and administrative expense	104,019	100,713
Charge related to restructuring activities	2,522	561
Interest expense	1,327	2,351
Interest income	(107)	(301)
Earnings before Income Taxes	(11,983)	7,273
Income Tax Expense (Benefit)	(7,450)	1,668
Income (Loss) from Continuing Operations Attributable to Parent	(4,533)	5,605
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax amounts of $10 and $482, respectively	392	2,628
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax amount of $20,080	39,322	0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	39,714	2,628
Net Earnings (loss)	35,181	8,233
Common Stock, Dividends, Per Share, Declared	$ 0.0125	$ 0.0125
Income (Loss) from Continuing Operations, Per Basic Share	$ (0.14)	$ 0.18
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share	$ 1.24	$ 0.08
Net Earnings (loss) per Share - Basic	$ 1.10	$ 0.26
Weighted Average Shares Outstanding - Basic	31,902	31,819
Income (Loss) from Continuing Operations, Per Diluted Share	$ (0.14)	$ 0.18
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share	$ 1.24	$ 0.08
Net Earnings (loss) per Share - Assuming Dilution	$ 1.10	$ 0.26
Weighted Average Shares Outstanding - Assuming Dilution	31,934	31,822
Other Comprehensive Income (Loss), Net of Tax
Foreign currency translation adjustments	(1,498)	334
Defined Benefit Plans
Amortization of prior service costs and unrecognized gains (losses)	300	228
Amounts arising during the year, primarily due to the addition of new participants	(166)	(35)
Deferred tax adjustment resulting from defined benefit plan activity	(48)	(11)
Valuation reserve (reversal) associated with defined benefit plan activity	50	11
Current period unrealized gain (loss) on cash flow hedges	1,577	793
Deferred tax benefit (loss) related to unrealized gain (loss) on cash flow hedges	(81)	(134)
Other Comprehensive Income (Loss), Net of Tax	134	1,186
Comprehensive Income	$ 35,315	$ 9,419

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Supplemental Guarantor Information Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2013

Supplemental Guarantor Information [Abstract]

Schedule of Guarantor Obligations [Table Text Block]

CONSOLIDATING CONDENSED BALANCE SHEETS

	The Company (Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Total
March 31, 2013	(in thousands)
Assets
Current Assets
Cash and cash equivalents	$	1,984	$	199	$	22,898	$	—		$	25,081
Trade receivables, net	64,304		37,526		97,552		—			199,382
Installment receivables, net	—		659		1,311		—			1,970
Inventories, net	39,635		32,742		118,656		(3,336		)	187,697
Deferred income taxes	—		—		318		—			318
Other current assets	13,543		506		29,861		(3,350		)	40,560
Total Current Assets	119,466		71,632		270,596		(6,686		)	455,008
Investment in subsidiaries	1,464,146		528,971		—		(1,993,117		)	—
Intercompany advances, net	81,788		877,560		242,020		(1,201,368		)	—
Other Assets	41,312		413		928		—			42,653
Other Intangibles	582		21,238		47,348		—			69,168
Property and Equipment, net	40,108		19,193		56,765		—			116,066
Goodwill	—		32,937		429,357		—			462,294
Total Assets	$	1,747,402	$	1,551,944	$	1,047,014	$	(3,201,171	)	$	1,145,189
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable	$	48,219	$	9,440	$	62,078	$	—		$	119,737
Accrued expenses	32,718		17,922		80,336		(3,350		)	127,626
Accrued income taxes	3,275		—		8,807		—			12,082
Short-term debt and current maturities of long-term obligations	2,439		7		848		—			3,294
Total Current Liabilities	86,651		27,369		152,069		(3,350		)	262,739
Long-Term Debt	107,160		123		6,041		—			113,324
Other Long-Term Obligations	53,068		—		58,990		—			112,058
Intercompany advances, net	843,455		268,989		88,924		(1,201,368		)	—
Total Shareholders’ Equity	657,068		1,255,463		740,990		(1,996,453		)	657,068
Total Liabilities and Shareholders’ Equity	$	1,747,402	$	1,551,944	$	1,047,014	$	(3,201,171	)	$	1,145,189

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Total
Three month period ended March 31, 2012	(in thousands)
Net Cash Provided (Used) by Operating Activities	$	(483	)	$	1,074		$	(1,416	)	$	—	$	(825	)
Investing Activities
Purchases of property and equipment	(553		)	(2,546		)	(1,582		)	—		(4,681		)
Proceeds from sale of property and equipment	12			17			16			—		45
Other long-term assets	—			—			(11		)	—		(11		)
Other	48			—			(28		)	—		20
Net Cash Used for Investing Activities	(493		)	(2,529		)	(1,605		)	—		(4,627		)
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	73,694			1,814			—			—		75,508
Payments on revolving lines of credit and long-term borrowings	(71,902		)	—			(578		)	—		(72,480		)
Payment of dividends	(397		)	—			—			—		(397		)
Net Cash Provided (Used) by Financing Activities	1,395			1,814			(578		)	—		2,631
Effect of exchange rate changes on cash	—			—			565			—		565
Increase (Decrease) in cash and cash equivalents	419			359			(3,034		)	—		(2,256		)
Cash and cash equivalents at beginning of year	3,642			2,104			29,178			—		34,924
Cash and cash equivalents at end of period	$	4,061		$	2,463		$	26,144		$	—	$	32,668

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Total
Three month period ended March 31, 2012	(in thousands)
Net sales	$	90,032		$	124,653		$	173,388		$	(32,973	)	$	355,100
Cost of products sold	67,952			89,905			119,415			(32,769		)	244,503
Gross Profit	22,080			34,748			53,973			(204		)	110,597
Selling, general and administrative expenses	32,769			22,883			45,061			—			100,713
Charge related to restructuring activities	6			21			534			—			561
Income (loss) from equity investee	18,246			1,044			199			(19,489		)	—
Interest expense—net	(870		)	2,160			760			—			2,050
Earnings (Loss) from Continuing Operations before Income Taxes	8,421			10,728			7,817			(19,693		)	7,273
Income taxes (benefit)	188			(395		)	1,875			—			1,668
Net Earnings (Loss) from Continuing Operations	8,233			11,123			5,942			(19,693		)	5,605
Net Earnings from Discontinued Operations	—			2,628			—			—			2,628
Net Earnings (loss)	$	8,233		$	13,751		$	5,942		$	(19,693	)	$	8,233
Other Comprehensive Income (Loss), Net of Tax	1,186			1,845			(150		)	(1,695		)	1,186
Comprehensive Income (Loss)	$	9,419		$	15,596		$	5,792		$	(21,388	)	$	9,419

CONSOLIDATING CONDENSED BALANCE SHEETS

	The Company (Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Total
December 31, 2012	(in thousands)
Assets
Current Assets
Cash and cash equivalents	$	5,774	$	1,018	$	31,999	$	—		$	38,791
Trade receivables, net	71,622		37,223		89,946		—			198,791
Installment receivables, net	—		829		1,359		—			2,188
Inventories, net	40,278		31,455		114,169		(2,656		)	183,246
Other current assets	12,727		473		34,606		(6,030		)	41,776
Assets held for sale - current	—		103,157		—		—			103,157
Total Current Assets	130,401		174,155		272,079		(8,686		)	567,949
Investment in subsidiaries	1,536,898		523,176		6,888		(2,066,962		)	—
Intercompany advances, net	81,533		874,567		238,270		(1,194,370		)	—
Other Assets	41,006		314		942		—			42,262
Other Intangibles	663		22,211		48,778		—			71,652
Property and Equipment, net	39,911		19,957		58,363		—			118,231
Goodwill	—		32,937		429,263		—			462,200
Total Assets	$	1,830,412	$	1,647,317	$	1,054,583	$	(3,270,018	)	$	1,262,294
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable	$	63,812	$	9,465	$	59,771	$	—		$	133,048
Accrued expenses	36,716		18,155		86,348		(6,030		)	135,189
Accrued income taxes	1,545		—		1,168		—			2,713
Short-term debt and current maturities of long-term obligations	4,552		7		868		—			5,427
Liabilities held for sale - current	—		23,358		—		—			23,358
Total Current Liabilities	106,625		50,985		148,155		(6,030		)	299,735
Long-Term Debt	223,014		143		6,218		—			229,375
Other Long-Term Obligations	52,957		—		59,238		—			112,195
Intercompany advances, net	826,827		271,353		96,190		(1,194,370		)	—
Total Shareholders’ Equity	620,989		1,324,836		744,782		(2,069,618		)	620,989
Total Liabilities and Shareholders’ Equity	$	1,830,412	$	1,647,317	$	1,054,583	$	(3,270,018	)	$	1,262,294

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Total
Three month period ended March 31, 2013	(in thousands)
Net sales	$	60,909		$	124,615		$	173,925		$	(21,833	)	$	337,616
Cost of products sold	52,353			89,834			121,705			(22,054		)	241,838
Gross Profit	8,556			34,781			52,220			221			95,778
Selling, general and administrative expenses	34,863			23,835			43,977			1,344			104,019
Charge related to restructuring activities	1,671			—			851			—			2,522
Income (loss) from equity investee	48,018			5,808			65			(53,891		)	—
Interest expense (income)—net	(45		)	646			619			—			1,220
Earnings (Loss) from Continuing Operations before Income Taxes	20,085			16,108			6,838			(55,014		)	(11,983		)
Income taxes (benefit)	(15,096		)	—			7,646			—			(7,450		)
Net Earnings (Loss) from Continuing Operations	35,181			16,108			(808		)	(55,014		)	(4,533		)
Net Earnings from Discontinued Operations	—			39,714			—			—			39,714
Net Earnings (loss)	$	35,181		$	55,822		$	(808	)	$	(55,014	)	$	35,181
Other Comprehensive Income (Loss), Net of Tax	134			(2,186		)	1,787			399			134
Comprehensive Income (Loss)	$	35,315		$	53,636		$	979		$	(54,615	)	$	35,315

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Total
Three month period ended March 31, 2013	(in thousands)
Net Cash Provided (Used) by Operating Activities	$	9,297		$	(89,758	)	$	(7,929	)	$	53,087		$	(35,303	)
Investing Activities
Purchases of property and equipment	(2,223		)	(580		)	(1,062		)	—			(3,865		)
Proceeds from sale of property and equipment	—			—			4			—			4
Proceeds from sale of business	—			144,681			—			—			144,681
Other long-term assets	(108		)	—			—			—			(108		)
Other	107,368			(52,956		)	—			(54,431		)	(19		)
Net Cash Provided (Used) for Investing Activities	105,037			91,145			(1,058		)	(54,431		)	140,693
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	114,762			—			1,188			—			115,950
Payments on revolving lines of credit and long-term borrowings	(232,490		)	(2,206		)	—			—			(234,696		)
Payment of dividends	(396		)	—			(1,344		)	1,344			(396		)
Net Cash Provided (Used) by Financing Activities	(118,124		)	(2,206		)	(156		)	1,344			(119,142		)
Effect of exchange rate changes on cash	—			—			42			—			42
Decrease in cash and cash equivalents	(3,790		)	(819		)	(9,101		)	—			(13,710		)
Cash and cash equivalents at beginning of year	5,774			1,018			31,999			—			38,791
Cash and cash equivalents at end of period	$	1,984		$	199		$	22,898		$	—		$	25,081

XML

Consolidated Statement Of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Operating Activities
Net Earnings (loss)	$ 35,181,000	$ 8,233,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	(59,402,000)	0
Depreciation and amortization	8,848,000	9,632,000
Provision for losses on trade and installment receivables	768,000	1,440,000
(Benefit) provision for deferred income taxes	(134,000)	41,000
Provision for other deferred liabilities	87,000	220,000
Provision for stock-based compensation	1,160,000	1,534,000
Loss on disposals of property and equipment	86,000	7,000
Amortization of convertible debt discount	152,000	141,000
Changes in operating assets and liabilities:
Trade receivables	(20,000)	(7,967,000)
Installment sales contracts, net	(422,000)	2,060,000
Inventories	(7,661,000)	(20,615,000)
Other current assets	2,373,000	596,000
Accounts payable	(15,697,000)	11,805,000
Accrued expenses	(339,000)	(9,394,000)
Other long-term liabilities	(283,000)	1,442,000
Net Cash Provided (Used) by Operating Activities	(35,303,000)	(825,000)
Investing Activities
Purchases of property and equipment	(3,865,000)	(4,681,000)
Proceeds from sale of property and equipment	4,000	45,000
Proceeds from Divestiture of Business, net	144,681,000	0
(Increase) Decrease in other long-term assets	(108,000)	(11,000)
Other	(19,000)	20,000
Net Cash Used for Investing Activities	140,693,000	(4,627,000)
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	115,950,000	75,508,000
Payments on revolving lines of credit and long-term borrowings	(234,696,000)	(72,480,000)
Payment of dividends	(396,000)	(397,000)
Net Cash Provided (Used) by Financing Activities	(119,142,000)	2,631,000
Effect of exchange rate changes on cash	42,000	565,000
Increase (decrease) in cash and cash equivalents	(13,710,000)	(2,256,000)
Cash and cash equivalents at beginning of year	38,791,000	34,924,000
Cash and cash equivalents at end of year	$ 25,081,000	$ 32,668,000

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Warrany Costs Warranty Schedule (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Accrued Liabilities, Current [Abstract]
Balance as of January 1	$ 21,451
Warranties provided during the period	3,048
Settlements made during the period	(3,030)
Changes in liability for pre-existing warranties during the period, including expirations	219
Balance as of September 30	$ 21,688

XML

Other Intangibles (Tables)

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Definite and Indefinite Lived Intangible Assets [Table Text Block]

The company's intangibles consist of the following (in thousands):

	March 31, 2013				December 31, 2012
	Historical Cost		Accumulated Amortization		Historical Cost		Accumulated Amortization
Customer Lists	$	90,940	$	57,702	$	93,572	$	58,447
Trademarks	31,031		—		31,280		—
License Agreements	3,193		3,193		3,212		3,212
Developed Technology	9,636		5,733		9,650		5,588
Patents	6,023		5,306		6,060		5,234
Other	7,512		7,233		7,571		7,212
	$	148,335	$	79,167	$	151,345	$	79,693

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Shareholders' Equity Transactions Narrative (Details) (USD $)	0 Months Ended	3 Months Ended
	May 16, 2013	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		1,300,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		6,800,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures		747,450
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date		May 21, 2013
Annual Shareholder Meeting Date	May 16, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized, New Plan		3,800,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized		$ 17,570,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		4 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		364,323
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized		5,313,000
Allocated Share-based Compensation Expense		$ 452,000
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		4 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		517,410	[1]

[1] *Options available for grant as of March 31, 2013 reduced by net restricted stock award activity of 795,351.

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Concentration Of Credit Risk

3 Months Ended

Mar. 31, 2013

Risks and Uncertainties [Abstract]

Concentration Of Credit Risk

Concentration of Credit Risk

The company manufactures and distributes durable medical equipment and supplies to the home health care, retail and extended care markets. The company performs credit evaluations of its customers’ financial condition. Invacare utilizes De Lage Landen, Inc. (“DLL”), a third party financing company, to provide the majority of future lease financing to Invacare’s North America customers. The DLL agreement provides for direct leasing between DLL and the Invacare customer. The company retains a recourse obligation which was $9,233,000 at March 31, 2013 to DLL for events of default under the leasing contracts, which total $59,600,000 at March 31, 2013. The company monitors the collections status of these contracts and has provided amounts for estimated losses in its allowances for doubtful accounts in accordance with Receivables, ASC 310-10-05-4. Credit losses are provided for in the financial statements.

Substantially all of the company’s receivables are due from health care, medical equipment providers and long term care facilities located throughout the United States, Australia, Canada, New Zealand and Europe. A significant portion of products sold to dealers, both foreign and domestic, is ultimately funded through government reimbursement programs such as Medicare and Medicaid. The company has also seen a significant shift in reimbursement to customers from managed care entities. As a consequence, changes in these programs can have an adverse impact on dealer liquidity and profitability. In addition, reimbursement guidelines in the home health care industry have a substantial impact on the nature and type of equipment an end user can obtain as well as the timing of reimbursement and, thus, affect the product mix, pricing and payment patterns of the company’s customers.

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Warrany Costs (Tables)

3 Months Ended

Mar. 31, 2013

Accrued Liabilities, Current [Abstract]

Accrued Warranty Costs [Table Text Block]

The following is a reconciliation of the changes in accrued warranty costs for the reporting period (in thousands):

Balance as of January 1, 2013	$	21,451
Warranties provided during the period	3,048
Settlements made during the period	(3,030		)
Changes in liability for pre-existing warranties during the period, including expirations	219
Balance as of March 31, 2013	$	21,688

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Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Values

Pursuant to ASC 820, the inputs used to derive the fair value of assets and liabilities are analyzed and assigned a level I, II or III priority, with level I being the highest and level III being the lowest in the hierarchy. Level I inputs are quoted prices in active markets for identical assets or liabilities. Level II inputs are quoted prices for similar assets or liabilities in active markets: quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets. Level III inputs are based on valuations derived from valuation techniques in which one or more significant inputs are unobservable.

The following table provides a summary of the company’s assets and liabilities that are measured on a recurring basis (in thousands).

				Basis for Fair Value Measurements at Reporting Date
				Quoted Prices in Active Markets for Identical Assets / (Liabilities)	Significant Other Observable Inputs			Significant Other Unobservable Inputs
	Total			Level I	Level II			Level III
March 31, 2013:
Forward Exchange Contracts—net	$	(330	)	—	$	(330	)	—
Interest Rate Swap Agreements—net	(120		)	—	(120		)	—
December 31, 2012:
Forward Exchange Contracts—net	$	5		—	$	5		—
Interest Rate Swap Agreements—net	(316		)	—	(316		)	—

Forward Contracts: The company operates internationally and as a result is exposed to foreign currency fluctuations. Specifically, the exposure includes intercompany and third party sales or payments as well as intercompany loans. In an attempt to reduce this exposure, foreign currency forward contracts are utilized and accounted for as hedging instruments. The forward contracts are used to hedge the following currencies: AUD, CAD, CHF, CNY, DKK, EUR, GBP, MXP, NOK, NZD, SEK and USD. The company does not use derivative financial instruments for speculative purposes. Fair values for the company’s foreign currency forward exchange contracts are based on quoted market prices for contracts with similar maturities.

The carrying values and fair values of the company’s financial instruments are as follows (in thousands):

	March 31, 2013						December 31, 2012
	Carrying Value			Fair Value			Carrying Value			Fair Value
Cash and cash equivalents	$	25,081		$	25,081		$	38,791		$	38,791
Other investments	1,190			1,190			1,171			1,171
Installment receivables, net of reserves	2,465			2,465			2,594			2,594
Long-term debt (including current maturities of long-term debt)	(116,618		)	(115,392		)	(234,802		)	(234,072		)
Forward contracts in Other Current Assets	2,031			2,031			1,062			1,062
Forward contracts in Accrued Expenses	(2,361		)	(2,361		)	(1,057		)	(1,057		)
Interest rate swap agreements in Accrued Expenses	(120		)	(120		)	(316		)	(316		)

The company, in estimating its fair value disclosures for financial instruments, used the following methods and assumptions:

Cash, cash equivalents: The carrying value reported in the balance sheet for cash, cash equivalents equals its fair value.

Other investments: The company has made other investments in limited partnerships and non-marketable equity securities, which are accounted for using the cost method, adjusted for any estimated declines in value. These investments were acquired in private placements and there are no quoted market prices or stated rates of return and the company does not have the ability to easily sell these investments.

Installment receivables: The carrying value reported in the balance sheet for installment receivables approximates its fair value. The interest rates associated with these receivables have not varied significantly since inception. Management believes that after consideration of the credit risk, the net book value of the installment receivables approximates market value.

Long-term debt: Fair values for the company’s convertible debt and revolving credit facility are based upon the company’s estimate of the market for similar borrowing arrangements.

Forward contracts and interest rate swaps: Fair values for the company’s forward contracts are based on quoted market prices, while the fair values of the interest rate swaps are based on model-derived calculations using inputs that are observable in active markets.

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Accumulated Other Comprehensive Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	$ 112,743
OCI before reclassifications	(132)
Amount reclassified from accumulated OCI	266
Net current-period OCI	134	1,186
Ending Balance	112,877
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Abstract]
Tax	7,450	(1,668)
Cost of Products Sold	241,838	244,503
Interest Expense	(1,220)	(2,050)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	117,465
OCI before reclassifications	194
Amount reclassified from accumulated OCI	0
Net current-period OCI	194
Ending Balance	117,659
Accumulated Long-Term Notes Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	2,845
OCI before reclassifications	(1,692)
Amount reclassified from accumulated OCI	0
Net current-period OCI	(1,692)
Ending Balance	1,153
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(6,785)
OCI before reclassifications	123
Amount reclassified from accumulated OCI	13
Net current-period OCI	136
Ending Balance	(6,649)
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Abstract]
Service and interest costs	15
Tax	(2)
Total after tax	13
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning Balance	(782)
OCI before reclassifications	1,243
Amount reclassified from accumulated OCI	253
Net current-period OCI	1,496
Ending Balance	714
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Abstract]
Tax	(34)
Total after tax	253
Total before tax	287
Foreign Exchange Contract [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Abstract]
Net Sales	(136)
Commodity Contract [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Abstract]
Cost of Products Sold	356
Interest Rate Contract [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Abstract]
Interest Expense	$ 67

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Accounting Policies

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Accounting Policies

Accounting Policies

Nature of Operations: Invacare Corporation is a leading manufacturer and distributor of medical equipment and supplies used in the home based upon the company’s distribution channels, breadth of product line and net sales. The company designs, manufactures and distributes an extensive line of health care products for the non-acute care environment, including the home health care, retail and extended care markets.

Principles of Consolidation: The consolidated financial statements include the accounts of the company and its wholly owned subsidiaries and include all adjustments, which were of a normal recurring nature, necessary to present fairly the financial position of the company as of March 31, 2013, the results of its operations for the three months endedMarch 31, 2013 and changes in its cash flow for the three months ended March 31, 2013 and 2012, respectively. Certain foreign subsidiaries, represented by the European segment, are consolidated using a February 28 quarter end in order to meet filing deadlines. No material subsequent events have occurred related to the European segment, which would require disclosure or adjustment to the company's financial statements. All significant intercompany transactions are eliminated.  The results of operations for the three months endedMarch 31, 2013 are not necessarily indicative of the results to be expected for the full year.

Use of Estimates: The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States, which require management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results may differ from these estimates.

Stock-Based Compensation Plans: The company accounts for share-based compensation under the provisions of Compensation-Stock Compensation, ASC 718. The company has not made any modifications to the terms of any previously granted options and no significant changes have been made regarding the valuation methodologies used to determine the fair value of options granted. The company continues to use a Black-Scholes valuation model.

The substantial majority of the options awarded have been granted at exercise prices equal to the market value of the underlying stock on the date of grant. Restricted stock awards granted without cost to the recipients are expensed on a straight-line basis over the vesting periods.

The amounts of stock-based compensation expense recognized were as follows (in thousands):

	Three Months Ended March 31,
	2013		2012
Stock-based compensation expense recognized as part of selling, general and administrative expense	$	1,160	$	1,534

The amounts above reflect compensation expense related to restricted stock awards and nonqualified stock options awarded under the 2003 Performance Plan (the “2003 Plan”). Stock-based compensation is not allocated to the business segments, but is reported as part of All Other as shown in the company's Business Segment Note to the Consolidated Financial Statements.

Recent Accounting Pronouncements: In February, 2013, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income

(ASU 2013-02 or the ASU). ASU 2013-02 requires companies to report, in one place, changes in and reclassifications out of accumulated other comprehensive income (OCI). The ASU does not change what is required to be reported in OCI. The company adopted ASU 2013-02 in this Form 10-Q for the quarter ended March 31, 2013 with no impact on the company's Condensed Consolidated Statement of Comprehensive Income (Loss), Balance Sheets or Statement of Cash Flows. See Accumulated Other Comprehensive Income in the Notes to these Consolidated Financial Statements.

In December, 2011, the FASB issued ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, and in January, 2013, issued ASU 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (ASU 2013-01). ASU 2013-01 is intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on an entity's financial position and requires companies to disclose both gross and net information about both instruments and transactions eligible for offset in the financial position; and to disclose instruments and transactions subject to an agreement similar to a master netting agreement. The company adopted ASU 2013-01 in this Form 10-Q for the quarter ended March 31, 2013 with no impact on the company's Condensed Consolidated Statement of Comprehensive Income (Loss), Balance Sheets or Statement of Cash Flows. See Derivatives in the Notes to these Consolidated Financial Statements. See Accumulated Other Comprehensive Income in the Notes to these Consolidated Financial Statements.

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Consolidated Statement Of Comprehensive Income (Parentheticals) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Discontinued Operation, Tax Effect of Discontinued Operation	$ 10	$ 482
Discontinued Operation, Tax Effect of Income (Loss) from Disposal of Discontinued Operation	$ 20,080	$ 0

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Shareholders' Equity Transactions

3 Months Ended

Mar. 31, 2013

Stockholders' Equity Note [Abstract]

Shareholders' Equity Transactions

Shareholders’ Equity Transactions

The Amended and Restated 2003 Performance Plan, (the “2003 Plan”), allows the Compensation and Management Development Committee of the Board of Directors (the “Committee”) to grant up to 6,800,000 Common Shares in connection with incentive stock options, non-qualified stock options, stock appreciation rights and stock awards (including the use of restricted stock). The maximum aggregate number of Common Shares that may be granted during the term of the 2003 Plan pursuant to all awards, other than stock options, is 1,300,000 Common Shares. The Committee has the authority to determine which participants will receive awards, the amount of the awards and the other terms and conditions of the awards. 

During the three months ended March 31, 2013, the Committee granted 747,450 non-qualified stock options under the 2003 Plan, each having a term of ten years and generally granted at the fair market value of the company’s Common Shares on the date of grant. In addition, restricted stock awards for 114,700 shares were granted without cost to the recipients which vest ratably over the four years after the award date. Compensation expense of $452,000 was recognized during the quarter ended March 31, 2013 related to restricted stock awards and there were outstanding restricted stock awards totaling 364,323 shares that were not vested.

The term of the 2003 Plan will expire on May 21, 2013. The company has submitted a new plan referred to as the Invacare Corporation 2013 Equity Compensation Plan (the “2013 Plan”) to the company's shareholders for approval at the company's 2013 annual meeting scheduled for May 16, 2013. The 2013 Plan, if approved by shareholders, will allow the Committee to grant the following types of awards with respect to shares of the company's common shares: incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, unrestricted stock, and performance shares. Under the 2013 Plan, the Committee also may grant performance units that are payable in cash. The maximum number of company common shares, without par value, available for issuance under the 2013 Plan will not exceed the sum of the following (1) 3,800,000 shares; plus (2) any shares covered by an award under the 2013 Plan or the 2003 Plan that are forfeited or remain unpurchased or undistributed upon termination or expiration of the award.

As of March 31, 2013, there was $17,570,000 of total unrecognized compensation cost from stock-based compensation arrangements granted under the plan, which is related to non-vested options and shares, and includes $5,313,000 related to restricted stock awards. The company expects the compensation expense to be recognized over a weighted-average period of approximately two years.

The following table summarizes information about stock option activity for the three months ended March 31, 2013:

	March 31, 2013		Weighted Average Exercise Price
Options outstanding at January 1, 2013	4,664,634		$	26.21
Granted	747,450		14.49
Exercised	—		—
Canceled	(147,141	)	21.69
Options outstanding at March 31, 2013	5,264,943		$	24.68
Options exercise price range at March 31, 2013	$ 13.37 to
	47.80
Options exercisable at March 31, 2013	3,044,920
Options available for grant at March 31, 2013*	517,410

 ________________________

 * Options available for grant as of March 31, 2013 reduced by net restricted stock award activity of 795,351.

The following table summarizes information about stock options outstanding at March 31, 2013:

	Options Outstanding				Options Exercisable
Exercise Prices	Number Outstanding At 3/31/13	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price		Number Exercisable At 3/31/13	Weighted Average Exercise Price
$ 13.37 – $15.00	1,443,486	9.7	$	13.96	1,986	$	13.37
$ 15.01 – $25.00	1,725,029	6.0	22.49		1,196,559	22.13
$ 25.01 – $35.00	1,015,637	6.0	25.78		765,585	25.89
$ 35.01 – $47.80	1,080,791	1.4	41.45		1,080,790	41.45
Total	5,264,943	6.0	$	24.68	3,044,920	$	29.93

When stock options are awarded, they generally become exercisable over a four-year vesting period whereby options vest in equal installments each year. Options granted with graded vesting are accounted for as single options. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with assumptions for expected dividend yield, expected stock price volatility, risk-free interest rate and expected life. The assumed expected life is based on the company's historical analysis of option history. The expected stock price volatility is also based on actual historical volatility, and expected dividend yield is based on historical dividends as the company has no current intention of changing its dividend policy.

The 2003 Plan provides that shares granted come from the company's authorized but unissued Common Shares or treasury shares. In addition, the company's stock-based compensation plans allow employee participants to exchange shares for minimum withholding taxes, which results in the company acquiring treasury shares.

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DEI Document	3 Months Ended
	Mar. 31, 2013	May 03, 2013 Common Class B (Authorized 12,000 shares; 1,085 and 1,086, issued and outstanding in 2013 and 2012, respectively - no par	May 03, 2013 Common Class A [Member]
Document Information [Line Items]
Entity Registrant Name	INVACARE CORPORATION
Entity Central Index Key	0000742112
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		1,084,747	30,920,773

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Accumulated Other Comprehensive Income (Notes)

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Income (Loss) [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Accumulated Other Comprehensive Income by Component

Changes in accumulated other comprehensive income (OCI) during the period ended March 31, 2013 were as follows (in thousands):

	Foreign Currency	Long-Term Notes		Defined Benefit Plans		Derivatives		Total
December 31, 2012	117,465	2,845		(6,785	)	(782	)	112,743
OCI before reclassifications	194	(1,692	)	123		1,243		(132	)
Amount reclassified from accumulated OCI	—	—		13		253		266
Net current-period OCI	194	(1,692	)	136		1,496		134
March 31, 2013	117,659	1,153		(6,649	)	714		112,877

Reclassifications out of accumulated OCI during the period ended March 31, 2013 were as follows (in thousands):

	Amount reclassified from OCI		Affected line item in the Statement of Comprehensive Income (Loss)
Defined Benefit Plans
Service and interest costs	15		Selling, General and Administrative
Tax	(2	)	Income Taxes
Total after tax	13
Derivatives
Foreign currency forward contracts hedging sales	(136	)	Net Sales
Foreign currency forward contracts hedging purchases	356		Cost of Products Sold
Interest rate swaps	67		Interest Expense
Total before tax	287
Tax	(34	)	Income Taxes
Total after tax	253

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Business Segments (Information by Segment) (Details) (USD $)	3 Months Ended				12 Months Ended
	Mar. 31, 2013		Mar. 31, 2012		Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Segment Reporting Information [Line Items]
Restructuring Charges including Inventory Markdowns	$ 2,522,000				$ 11,395,000	$ 10,534,000
Revenue from external customers	337,616,000		355,100,000
Intersegment revenues	29,054,000		43,443,000
Restructuring Charges	2,522,000		561,000
Earnings (loss) before income taxes	(11,983,000)		7,273,000
Restructuring Reserve, Settled with Cash	4,022,000				9,381,000	5,555,000
Restructuring Reserve	5,493,000				6,993,000	4,979,000	0
North America/HME [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	152,157,000		176,119,000
Intersegment revenues	18,836,000		29,111,000
Restructuring Charges	1,679,000		117,000
Earnings (loss) before income taxes	(11,352,000)		5,696,000
Institutional Products Group [Member]
Segment Reporting Information [Line Items]
Revenue from external customers	35,128,000		36,138,000
Intersegment revenues	1,383,000		1,824,000
Restructuring Charges	188,000		35,000
Earnings (loss) before income taxes	1,847,000		3,378,000
Europe [Member]
Segment Reporting Information [Line Items]
Restructuring Charges including Inventory Markdowns	115,000				2,093,000	5,466,000
Revenue from external customers	137,634,000		125,303,000
Intersegment revenues	1,953,000		1,978,000
Restructuring Charges	115,000		291,000
Earnings (loss) before income taxes	5,843,000		5,485,000
Restructuring Reserve, Settled with Cash	461,000				3,314,000	3,650,000
Restructuring Reserve	249,000				595,000	1,816,000
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Restructuring Charges including Inventory Markdowns	539,000				5,020,000	186,000
Revenue from external customers	12,697,000		17,540,000
Intersegment revenues	6,882,000		10,530,000
Restructuring Charges	540,000		118,000
Earnings (loss) before income taxes	(2,261,000)		(1,061,000)
Restructuring Reserve, Settled with Cash	1,539,000				2,369,000	186,000
Restructuring Reserve	1,651,000				2,651,000	0
All Other Segments [Member]
Segment Reporting Information [Line Items]
Earnings (loss) before income taxes	$ (6,060,000)	[1]	$ (6,225,000)	[1]

[1] Consists of un-allocated corporate SG&A costs and intercompany profits, which do not meet the quantitative criteria for determining reportable segments. In addition, the “All Other” earnings (loss) before income taxes includes loss on debt extinguishment including debt finance charges, interest and fees.

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Current Assets
Cash and cash equivalents	$ 25,081	$ 38,791
Trade receivables, net	199,382	198,791
Installment receivables, net	1,970	2,188
Inventories, net	187,697	183,246
Deferred income taxes	318	0
Other current assets	40,560	41,776
Assets Held-for-sale, Current	0	103,157
Total Current Assets	455,008	567,949
Other Assets	42,653	42,262
Other Intangibles	69,168	71,652
Property and Equipment, net	116,066	118,231
Goodwill	462,294	462,200
Total Assets	1,145,189	1,262,294
Current Liabilities
Accounts payable	119,737	133,048
Accrued expenses	127,626	135,189
Accrued income taxes	12,082	2,713
Short-term debt and current maturities of long-term obligations	3,294	5,427
Liabilities of Assets Held-for-sale	0	23,358
Total Current Liabilities	262,739	299,735
Long-Term Debt	113,324	229,375
Other Long-Term Obligations	112,058	112,195
Shareholders' Equity
Preferred Shares (Authorized 300 shares; none outstanding)	0	0
Additional paid-in-capital	229,320	228,187
Retained earnings	399,330	364,546
Accumulated other comprehensive earnings	112,877	112,743
Treasury shares	(93,262)	(93,262)
Total Shareholders' Equity	657,068	620,989
Total Liabilities and Shareholders' Equity	1,145,189	1,262,294
Common Class A [Member]
Common Stock, Shares, Issued	34,055	33,952
Common Shares (Authorized 100,000 shares; 34,055 and 33,952 issued in 2013 and 2012, respectively) - no par
Shareholders' Equity
Common Shares	8,531	8,503
Common Class B (Authorized 12,000 shares; 1,085 and 1,086, issued and outstanding in 2013 and 2012, respectively - no par
Common Stock, Shares, Issued	1,085	1,086
Shareholders' Equity
Common Shares	$ 272	$ 272

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Property And Equipment

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property And Equipment

Property and Equipment

Property and equipment consist of the following (in thousands):

	March 31, 2013			December 31, 2012
Machinery and equipment	$	359,589		$	356,512
Land, buildings and improvements	95,438			95,047
Furniture and fixtures	13,446			13,397
Leasehold improvements	14,948			14,975
	483,421			479,931
Less allowance for depreciation	(367,355		)	(361,700		)
	$	116,066		$	118,231

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Other Current Assets (Notes)

3 Months Ended

Mar. 31, 2013

Other Current Assets [Abstract]

Other Assets Disclosure [Text Block]

Other Current Assets

Other current assets consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Value added tax receivables	$	17,327	$	18,002
Recoverable income taxes	3,495		6,192
Derivatives (foreign currency forward contracts)	2,031		1,062
Prepaid insurance	1,556		2,241
Prepaids and other current assets	16,151		14,279
	$	40,560	$	41,776

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Derivatives

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

Derivatives

ASC 815 requires companies to recognize all derivative instruments in the consolidated balance sheet as either assets or liabilities at fair value. The accounting for changes in fair value of a derivative is dependent upon whether or not the derivative has been designated and qualifies for hedge accounting treatment and the type of hedging relationship. For derivatives designated and qualifying as hedging instruments, the company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation.

Cash Flow Hedging Strategy

The company uses derivative instruments in an attempt to manage its exposure to foreign currency exchange risk and interest rate risk. Foreign currency forward exchange contracts are used to manage the price risk associated with forecasted sales denominated in foreign currencies and the price risk associated with forecasted purchases of inventory over the next twelve months. Interest rate swaps are, at times, utilized to manage interest rate risk associated with the company’s fixed and floating-rate borrowings.

The company recognizes its derivative instruments as assets or liabilities in the consolidated balance sheet measured at fair value. A majority of the company’s derivative instruments are designated and qualify as cash flow hedges. Accordingly, the effective portion of the gain or loss on the derivative instrument is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The remaining gain or loss on the derivative instrument in excess of the cumulative change in the fair value of the hedged item, if any, is recognized in current earnings during the period of change.

During the first three months of 2013 and 2012, the company was a party to interest rate swap agreements that qualified as cash flow hedges and effectively converted floating-rate debt to fixed-rate debt, so the company could avoid the risk of changes in market interest rates. The gains or losses on interest rate swaps are reflected in interest expense on the consolidated statement of comprehensive income (loss).

To protect against increases/decreases in forecasted foreign currency cash flows resulting from inventory purchases/sales over the next year, the company utilizes foreign currency forward contracts to hedge portions of its forecasted purchases/sales denominated in foreign currencies. The gains and losses are included in cost of products sold and selling, general and administrative expenses on the consolidated statement of comprehensive income (loss). If it is later determined that a hedged forecasted transaction is unlikely to occur, any prospective gains or losses on the forward contracts would be recognized in earnings. The company does not expect any material amount of hedge ineffectiveness related to forward contract cash flow hedges during the next twelve months.

The company has historically not recognized any material amount of ineffectiveness related to forward contract cash flow hedges because the company generally limits its hedges to between 60% and 90% of total forecasted transactions for a given entity’s exposure to currency rate changes and the transactions hedged are recurring in nature. Furthermore, the majority of the hedged transactions are related to intercompany sales and purchases for which settlement occurs on a specific day each month. Forward contracts with a total notional amount in USD of $33,494,000 matured during the three months ended March 31, 2013 compared to forward contracts with a total notional amount in USD of $36,967,000 that matured during the three months ended March 31, 2012.

Outstanding foreign currency forward exchange contracts qualifying and designated for hedge accounting treatment were as follows (in thousands USD):

	March 31, 2013					December 31, 2012
	Notional Amount		Unrealized Net Gain (Loss)			Notional Amount		Unrealized Net Gain (Loss)
USD / AUD	$	1,289	$	(19	)	$	—	$	—
USD / CAD	26,998		(95		)	17,620		(6		)
USD / CNY	2,526		(21		)	—		—
USD / CHF	704		25			—		—
USD / EUR	46,336		(756		)	59,510		(797		)
USD / GBP	1,940		102			2,519		(3		)
USD / NZD	3,965		32			—		—
USD / SEK	5,940		144			—		—
USD / MXP	6,855		430			6,954		141
EUR / CAD	1,256		—			—		—
EUR / CHF	4,601		79			—		—
EUR / GBP	15,675		156			2,077		46
EUR / SEK	1,505		(7		)	—		—
EUR / NZD	5,450		311			5,749		105
GBP / AUD	574		(23		)	—		—
GBP / CHF	887		(6		)	—		—
GBP / SEK	3,302		291			4,154		25
DKK / SEK	4,441		95			6,397		(47		)
NOK / SEK	2,681		103			3,428		(4		)
	$	136,925	$	841		$	108,408	$	(540	)

Derivatives Not Qualifying or Designated for Hedge Accounting Treatment

The company also utilizes foreign currency forward contracts that are not designated as hedges in accordance with ASC 815. These contracts are entered into to eliminate the risk associated with the settlement of short-term intercompany trading receivables and payables between Invacare Corporation and its foreign subsidiaries. The currency forward contracts are entered into at the same time as the intercompany receivables or payables are created so that upon settlement, the gain/loss on the settlement is offset by the gain/loss on the foreign currency forward contract. No material net gain or loss was realized by the company in 2013 or 2012 related to these forward contracts and the associated short-term intercompany trading receivables and payables.

Foreign currency forward exchange contracts not qualifying or designated for hedge accounting treatment entered into in 2013 and 2012, respectively, and outstanding were as follows (in thousands USD):

	March 31, 2013					March 31, 2012
	Notional Amount		Gain (Loss)			Notional Amount		Gain (Loss)
CAD / USD	$	24,120	$	(544	)	$	7,138	$	77
CHF / USD	—		—			3,315		63
DKK / USD	22,970		(598		)	8,137		(73		)
NZD / USD	—		—			1,377		7
SEK / CAD	—		—			2,483		(2		)
AUD / EUR	1,500		(35		)	—		—
AUD / GBP	2,966		6			—		—
AUD / NZD	—		—			1,066		11
	$	51,556	$	(1,171	)	$	23,516	$	83

The fair values of the company’s derivative instruments were as follows (in thousands):

	March 31, 2013				December 31, 2012
	Assets		Liabilities		Assets		Liabilities
Derivatives designated as hedging instruments under ASC 815
Foreign currency forward contracts	$	2,024	$	1,183	$	375	$	915
Interest rate swap contracts	—		120		—		316
Derivatives not designated as hedging instruments under ASC 815
Foreign currency forward contracts	7		1,178		687		142
Total derivatives	$	2,031	$	2,481	$	1,062	$	1,373

The fair values of the company’s foreign currency forward assets and liabilities are included in Other Current Assets and Accrued Expenses, respectively in the Consolidated Balance Sheets.

The effect of derivative instruments on the Statement of Comprehensive Income (Loss) and Other Comprehensive Income (OCI) was as follows (in thousands):

Derivatives in ASC 815 cash flow hedge relationships	Amount of Gain (Loss) Recognized in OCI on Derivatives (Effective Portion)		Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)			Amount of Gain (Loss) Recognized in Income on Derivatives  (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Three months ended March 31, 2013
Foreign currency forward contracts	$	1,601	$	(220	)	$	57
Interest rate swap contracts	263		(67		)	—
	$	1,864	$	(287	)	$	57
Three months ended March 31, 2012
Foreign currency forward contracts	$	10	$	779		$	—
Interest rate swap contracts	110		—			—
	$	120	$	779		$	—
Derivatives not designated as hedging instruments under ASC 815						Amount of Gain (Loss) Recognized in Income on Derivatives
Three months ended March 31, 2013
Foreign currency forward contracts						$	(1,171	)
Three months ended March 31, 2012
Foreign currency forward contracts						$	83

The pre-tax gains or losses recognized as the result of the settlement of cash flow hedge foreign currency forward contracts are recognized in net sales for hedges of inventory sales or cost of product sold for hedges of inventory purchases. For the three months ended March 31, 2013, net sales were increased by $136,000 and cost of product sold was increased by $356,000 for a net realized loss of $220,000. For the three months ended March 31, 2012, net sales were increased by $258,000 and cost of product sold was decreased by $564,000 for a net realized gain of $822,000.

The company recognized expense of $226,000 and expense of $126,000 for the three months ended March 31, 2013 and March 31, 2012, respectively, related to interest rate swap agreements, which is reflected in interest expense on the consolidated statement of comprehensive income (loss).

A loss of $1,171,000 and a gain of $83,000 was recognized in selling, general and administrative (SG&A) expenses for the three months ended March 31, 2013 and March 31, 2012, respectively, on forward contracts not designated as hedging instruments that are entered into to offset gains/losses also recorded in SG&A expenses on intercompany trade payables. Any gains/losses on the non designated hedging instruments were substantially offset by gains/losses also recorded in SG&A expenses on intercompany trade payables.

The company has entered into foreign exchange forward contracts and interest rate swap contracts (the “agreements”) with various bank counterparties, each of which are subject to provisions which are similar to a master netting agreement. The agreements provide for a net settlement payment in a single currency upon a default by the company. Furthermore, the agreements provide the counterparty with a right of set off in the event of a default that would enable the counterparty to offset any net payment due by the counterparty to the company under the applicable agreement by any amount due by the company to the counterparty under any other agreement. For example, the terms of the agreement would permit a counterparty to a derivative contract that is also a lender under the company's senior revolving credit agreement (the “Credit Agreement”) to reduce any derivative settlement amounts owed to the company under the derivative contract by any amounts owed to the counterparty by the company under the Credit Agreement. In addition, the agreements contain cross-default provisions that could trigger a default by the company under the agreement in the event of a default by the company under another agreement with the same counterparty. The company does not present any derivatives on a net basis in its financial statements and all derivative balances presented are subject to provisions that are similar to master netting agreements.

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Charges Related To Restructuring Activities

3 Months Ended

Mar. 31, 2013

Restructuring and Related Activities [Abstract]

Charges Related To Restructuring Activities

Charges Related to Restructuring Activities

The company's restructuring charges were necessitated primarily by continued declines in Medicare and Medicaid reimbursement by the U.S. government, as well as similar healthcare reimbursement pressures abroad, which negatively affect the company's customers (e.g. home health care providers) and continued pricing pressures faced by the company as a result of outsourcing by competitors to lower cost locations. While the company's restructuring efforts have been executed on a timely basis resulting in operating cost savings, the savings have been more than offset by continued margin decline, principally as a result of product mix, and higher regulatory and compliance costs related to quality system improvements which are unrelated to the restructuring actions. The company expects any near-term cost savings from restructuring will be offset by higher regulatory and compliance costs related to quality system improvements at least until the company has completed its quality systems remediation efforts.

The company's restructuring commenced in the second quarter of 2011 with the company's decision to close the Hong, Denmark assembly facility as part of the company's ongoing globalization initiative to reduce complexity in the company's supply chain which is intended to reduce expenses to help offset pricing pressures. In the third quarter of 2011, the company continued to execute on the closure of the Hong, Denmark assembly facility and initiated the closure of a smaller facility in the U.S. Charges for the quarter ended December 31, 2011 were primarily incurred at the company's corporate headquarters for severance, with additional costs incurred as a result of the closure of the Hong, Denmark facility. The facility closures were completed in 2012 in addition to the elimination of various positions principally in the North America/Home Medical Equipment (HME) and Asia/Pacific segments.

Charges for the year ended December 31, 2011 totaled $10,534,000 including charges for severance ($8,352,000), contract exit costs primarily related to the closure of the Hong, Denmark assembly facility ($1,788,000) and inventory write-offs ($277,000) recorded in cost of products sold and miscellaneous costs ($117,000). The majority of the 2011 North America/HME charges were incurred for severance, primarily at the corporate headquarters as the result of the elimination of various positions principally in sales and administration in Elyria, Ohio. These eliminations were permanent reductions in workforce which primarily resulted in reduced selling, general and administrative expenses. In Europe, the charges were the result of the closure of the company's Hong, Denmark facility. The assembly activities were transferred to other company facilities or outsourced to third parties. This closure enabled the company to reduce fixed operating costs related to the facility and reduce headcount with the transfer of a portion of the production to other company facilities. The majority of the 2011 charges have now been paid out and were funded with operating cash flows.

Charges for the year ended December 31, 2012 totaled $11,395,000 including charges for severance ($6,775,000), lease termination costs ($1,725,000), building and asset write-downs, primarily related to the closure of the Hong, Denmark assembly facility, and other miscellaneous charges in Europe and Asia/Pacific ($2,404,000) and inventory write-offs ($491,000) in Asia/Pacific recorded in cost of products sold. Severance charges were primarily incurred in the North America/HME segment ($4,242,000), Asia/Pacific segment ($1,681,000) and Europe segment ($817,000). The charges were incurred as a result of the elimination of various positions as part of the company's globalization initiatives. In addition, a portion of the North America/HME segment severance was related to positions eliminated, principally in sales and marketing as well as manufacturing, at the company's Taylor Street facility as a result of the FDA consent decree. The savings from these charges will be reflected primarily in reduced selling, general and administrative expenses and manufacturing expenses for the company. In Europe, positions were eliminated as a result of finalizing the exit from the manufacturing facility in Denmark and an elimination of a senior management position in Switzerland. In Asia/Pacific, the company's management approved in the fourth quarter of 2012 a plan to restructure the company's operations in this segment. In Australia, the company consolidated offices / warehouses, decreased staffing and exited various activities while returning to a focus on distribution. At the company's subsidiary, which produces microprocessor controllers, the company decided to cease the contract manufacturing business for companies outside of the healthcare industry. Payments for the year ended December 31, 2012 were $9,381,000 and were funded with operating cash flows. The majority of the 2012 charges are expected to be paid out during 2013.

Restructuring continued during the quarter ended March 31, 2013 resulting in restructuring charges of $2,522,000 in the first three months of 2013 principally for severance in NA/HME and Asia/Pacific and to a lesser extent Europe and IPG as a result of the permanent elimination of certain management positions. Payments for the quarter ended March 31, 2013 were $4,022,000 and were funded with operating cash flows. The majority of the outstanding charge accruals at March 31, 2013 are expected to be paid out within the next twelve months.

There have been no material changes in accrued balances related to the charges, either as a result of revisions in the plan or changes in estimates. In addition, the savings anticipated as a result of the company's restructuring plans have been or are expected to be achieved, primarily resulting in reduced salary and benefit costs principally impacting selling, general and administrative expenses, and to a lesser extent, costs of products sold. However, these savings have been more than offset by continued margin decline, principally as a result of product mix, and higher regulatory and compliance costs related to quality system improvements, which are unrelated to the restructuring actions. To date, the company's liquidity has not been materially impacted by the company's restructuring charges.

A progression by reporting segment of the accruals recorded as a result of the restructuring is as follows (in thousands):

	Severance			Product Line Discontinuance			Contract Terminations			Other			Total
December 31, 2010 Balance
Total	$	—		$	—		$	—		$	—		$	—
Charges
NA/HME	4,755			—			—			4			4,759
IPG	123			—			—			—			123
Europe	3,288			277			1,788			113			5,466
Asia/Pacific	186			—			—			—			186
Total	8,352			277			1,788			117			10,534
Payments
NA/HME	(1,663		)	—			—			(4		)	(1,667		)
IPG	(52		)	—			—			—			(52		)
Europe	(1,546		)	(277		)	(1,714		)	(113		)	(3,650		)
Asia/Pacific	(186		)	—			—			—			(186		)
Total	(3,447		)	(277		)	(1,714		)	(117		)	(5,555		)
December 31, 2011 Balance
NA/HME	3,092			—			—			—			3,092
IPG	71			—			—			—			71
Europe	1,742			—			74			—			1,816
Asia/Pacific	—			—			—			—			—
Total	4,905			—			74			—			4,979
Charges
NA/HME	4,242			—			5			—			4,247
IPG	35			—			—			—			35
Europe	817			—			53			1,223			2,093
Asia/Pacific	1,681			491			1,667			1,181			5,020
Total	6,775			491			1,725			2,404			11,395
Payments
NA/HME	(3,587		)	—			(5		)	—			(3,592		)
IPG	(106		)	—			—			—			(106		)
Europe	(1,964		)	—			(127		)	(1,223		)	(3,314		)
Asia/Pacific	(812		)	(340		)	(42		)	(1,175		)	(2,369		)
Total	(6,469		)	(340		)	(174		)	(2,398		)	(9,381		)
December 31, 2012 Balance
NA/HME	3,747			—			—			—			3,747
IPG	—			—			—			—			—
Europe	595			—			—			—			595
Asia/Pacific	869			151			1,625			6			2,651
Total	5,211			151			1,625			6			6,993

	Severance			Product Line Discontinuance			Contract Terminations			Other			Total
Charges
NA/HME	1,679			—			—			$	—		1,679
IPG	189			—			—			—			189
Europe	115			—			—			—			115
Asia/Pacific	453			—			86			—			539
Total	2,436			—			86			—			2,522
Payments
NA/HME	(2,005		)	—			—			—			(2,005		)
IPG	(17		)	—			—			—			(17		)
Europe	(461		)	—			—			—			(461		)
Asia/Pacific	(618		)	(151		)	(766		)	(4		)	(1,539		)
Total	(3,101		)	(151		)	(766		)	(4		)	(4,022		)
March 31, 2013 Balance
NA/HME	3,421			—			—			—			3,421
IPG	172			—			—			—			172
Europe	249			—			—			—			249
Asia/Pacific	704			—			945			2			1,651
	$	4,546		$	—		$	945		$	2		$	5,493

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Supplemental Guarantor Information Consolidating Condensed Statement of Cash Flows (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided (Used) by Operating Activities	$ (35,303,000)	$ (825,000)
Investing Activities
Purchases of property and equipment	(3,865,000)	(4,681,000)
Proceeds from sale of property and equipment	4,000	45,000
Proceeds from Divestiture of Businesses	150,800,000
Other long-term assets	(108,000)	(11,000)
Other	(19,000)	20,000
Net Cash Used for Investing Activities	140,693,000	(4,627,000)
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	115,950,000	75,508,000
Payments on revolving lines of credit and long-term borrowings	(234,696,000)	(72,480,000)
Payment of dividends	(396,000)	(397,000)
Net Cash Provided (Used) by Financing Activities	(119,142,000)	2,631,000
Effect of exchange rate changes on cash	42,000	565,000
Increase (decrease) in cash and cash equivalents	(13,710,000)	(2,256,000)
Cash and cash equivalents at beginning of year	38,791,000	34,924,000
Cash and cash equivalents at end of year	25,081,000	32,668,000
Proceeds from Divestiture of Business, net	144,681,000	0
The Company (Parent) [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided (Used) by Operating Activities	9,297,000	(483,000)
Investing Activities
Purchases of property and equipment	(2,223,000)	(553,000)
Proceeds from sale of property and equipment	0	12,000
Proceeds from Divestiture of Businesses	0
Other long-term assets	(108,000)	0
Other	107,368,000	48,000
Net Cash Used for Investing Activities	105,037,000	(493,000)
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	114,762,000	73,694,000
Payments on revolving lines of credit and long-term borrowings	(232,490,000)	(71,902,000)
Payment of dividends	(396,000)	(397,000)
Net Cash Provided (Used) by Financing Activities	(118,124,000)	1,395,000
Effect of exchange rate changes on cash	0	0
Increase (decrease) in cash and cash equivalents	(3,790,000)	419,000
Cash and cash equivalents at beginning of year	5,774,000	3,642,000
Cash and cash equivalents at end of year	1,984,000	4,061,000
Combined Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided (Used) by Operating Activities	(89,758,000)	1,074,000
Investing Activities
Purchases of property and equipment	(580,000)	(2,546,000)
Proceeds from sale of property and equipment	0	17,000
Proceeds from Divestiture of Businesses	144,681,000
Other long-term assets	0	0
Other	(52,956,000)	0
Net Cash Used for Investing Activities	91,145,000	(2,529,000)
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	0	1,814,000
Payments on revolving lines of credit and long-term borrowings	(2,206,000)	0
Payment of dividends	0	0
Net Cash Provided (Used) by Financing Activities	(2,206,000)	1,814,000
Effect of exchange rate changes on cash	0	0
Increase (decrease) in cash and cash equivalents	(819,000)	359,000
Cash and cash equivalents at beginning of year	1,018,000	2,104,000
Cash and cash equivalents at end of year	199,000	2,463,000
Combined Non-Guarantor Subsidiaries [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided (Used) by Operating Activities	(7,929,000)	(1,416,000)
Investing Activities
Purchases of property and equipment	(1,062,000)	(1,582,000)
Proceeds from sale of property and equipment	4,000	16,000
Proceeds from Divestiture of Businesses	0
Other long-term assets	0	(11,000)
Other	0	(28,000)
Net Cash Used for Investing Activities	(1,058,000)	(1,605,000)
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	1,188,000	0
Payments on revolving lines of credit and long-term borrowings	0	(578,000)
Payment of dividends	(1,344,000)	0
Net Cash Provided (Used) by Financing Activities	(156,000)	(578,000)
Effect of exchange rate changes on cash	42,000	565,000
Increase (decrease) in cash and cash equivalents	(9,101,000)	(3,034,000)
Cash and cash equivalents at beginning of year	31,999,000	29,178,000
Cash and cash equivalents at end of year	22,898,000	26,144,000
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net Cash Provided (Used) by Operating Activities	53,087,000	0
Investing Activities
Purchases of property and equipment	0	0
Proceeds from sale of property and equipment	0	0
Proceeds from Divestiture of Businesses	0
Other long-term assets	0	0
Other	(54,431,000)	0
Net Cash Used for Investing Activities	(54,431,000)	0
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	0	0
Payments on revolving lines of credit and long-term borrowings	0	0
Payment of dividends	1,344,000	0
Net Cash Provided (Used) by Financing Activities	1,344,000	0
Effect of exchange rate changes on cash	0	0
Increase (decrease) in cash and cash equivalents	0	0
Cash and cash equivalents at beginning of year	0	0
Cash and cash equivalents at end of year	$ 0	$ 0

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Warrany Costs

3 Months Ended

Mar. 31, 2013

Accrued Liabilities, Current [Abstract]

Current Liabilities

Warranty Costs

Generally, the company's products are covered from the date of sale to the customer by warranties against defects in material and workmanship for various periods depending on the product. Certain components carry a lifetime warranty. A provision for estimated warranty cost is recorded at the time of sale based upon actual experience. The company continuously assesses the adequacy of its product warranty accrual and makes adjustments as needed. Historical analysis is primarily used to determine the company's warranty reserves. Claims history is reviewed and provisions are adjusted as needed. However, the company does consider other events, such as a product recall, which could warrant additional warranty reserve provision. The increase in the liability for pre-existing warranties in 2013 is primarily the result of product recalls.

The following is a reconciliation of the changes in accrued warranty costs for the reporting period (in thousands):

Balance as of January 1, 2013	$	21,451
Warranties provided during the period	3,048
Settlements made during the period	(3,030		)
Changes in liability for pre-existing warranties during the period, including expirations	219
Balance as of March 31, 2013	$	21,688

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Long-Term Debt (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Long-term Debt	$ 116,618	$ 234,802
Long-term Debt, Current Maturities	(3,294)	(5,427)
Long-term Debt, Excluding Current Maturities	113,324	229,375
Line of Credit [Member] | Senior Secured Revolving Credit Facility October 2015 [Member]
Debt Instrument [Line Items]
Long-term Debt	99,390	217,494
Convertible Subordinated Debt [Member] | Convertible Senior Subordinated Debentures February 2027 [Member]
Debt Instrument [Line Items]
Long-term Debt	10,160	10,009
Notes Payable, Other Payables [Member] | Other Notes and Lease Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 7,068	$ 7,299

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Goodwill And Other Intangibles

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Disclosure [Text Block]

Goodwill

The change in goodwill reflected on the balance sheet from December 31, 2012 to March 31, 2013 was the result of foreign currency translation.

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Other Intangibles

3 Months Ended

Mar. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets Disclosure [Text Block]

Other Intangibles

All of the company’s other intangible assets have been assigned definite lives and continue to be amortized over their useful lives, except for $31,031,000 related to trademarks, which have indefinite lives. The changes in intangible balances reflected on the balance sheet from December 31, 2012 to March 31, 2013 were the result of foreign currency translation and amortization.

The company's intangibles consist of the following (in thousands):

	March 31, 2013				December 31, 2012
	Historical Cost		Accumulated Amortization		Historical Cost		Accumulated Amortization
Customer Lists	$	90,940	$	57,702	$	93,572	$	58,447
Trademarks	31,031		—		31,280		—
License Agreements	3,193		3,193		3,212		3,212
Developed Technology	9,636		5,733		9,650		5,588
Patents	6,023		5,306		6,060		5,234
Other	7,512		7,233		7,571		7,212
	$	148,335	$	79,167	$	151,345	$	79,693

Amortization expense related to other intangibles was $2,615,000 in the first three months of 2013 and is estimated to be $9,417,000 in 2013, $8,729,000 in 2014, $7,145,000 in 2015, $5,407,000 in 2016, $2,287,000 in 2017 and $2,284,000 in 2018. Amortized intangibles are being amortized on a straight-line basis for periods from 3 to 20 years with the majority of the intangibles being amortized over a life of between 10 and 13 years.

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Long-Term Debt

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Long-Term Debt

Long-Term Debt

Debt consists of the following (in thousands):

	March 31, 2013			December 31, 2012
$400,000,000 senior secured revolving credit facility, due in October 2015	$	99,390		$	217,494
Convertible senior subordinated debentures at 4.125%, due in February 2027	10,160			10,009
Other notes and lease obligations	7,068			7,299
	116,618			234,802
Less current maturities of long-term debt	(3,294		)	(5,427		)
	$	113,324		$	229,375

The reduction in debt during the quarter was the result of utilizing the proceeds from the sale of the discontinued operation ISG to reduce borrowing under the company's revolving credit agreement (the “Credit Agreement”). The company's Credit Agreement, entered into on October 28, 2010, provides for a $400 million senior secured revolving credit facility maturing in October 2015. Pursuant to the terms of the Credit Agreement, the company may from time to time borrow, repay and re-borrow up to an aggregate outstanding amount at any one time of $400 million, subject to customary conditions.

In 2007, the company issued $135,000,000 principal amount of Convertible Senior Subordinated Debentures due 2027. The debentures are unsecured senior subordinated obligations of the company guaranteed by substantially all of the company’s domestic subsidiaries, pay interest at 4.125% per annum on each February 1 and August 1, and are convertible upon satisfaction of certain conditions into cash, common shares of the company, or a combination of cash and common shares of the company, subject to certain conditions. The debentures allow the company to satisfy the conversion using any combination of cash or stock, and at the company’s discretion. The company intends to satisfy the accreted value of the debentures using cash. Assuming adequate cash on hand at the time of conversion, the company also intends to satisfy the conversion spread using cash, as opposed to stock.

The company may from time to time seek to retire or purchase its 4.125% Convertible Senior Subordinated Debentures due 2027, in open market purchases, privately negotiated transactions or otherwise. Such purchases or exchanges, if any, will depend on prevailing market conditions, the company's liquidity requirements, contractual restrictions and other factors. The amounts involved in any such transactions, individually or in the aggregate, may be material.

The liability components of the company’s convertible debt consist of the following (in thousands):

	March 31, 2013			December 31, 2012
Principal amount of liability component	$	13,350		$	13,350
Unamortized discount	(3,190		)	(3,341		)
Net carrying amount of liability component	$	10,160		$	10,009

The company is a party to interest rate swap agreements to effectively convert a portion of floating rate revolving credit facility debt to fixed rate debt to avoid the risk of changes in market interest rates. Specifically, interest rate swap agreements for notional amounts of $20,000,000 and $25,000,000 through May 2013, $18,000,000 through June 2013, $22,000,000 through September 2013 and $12,000,000 through April 2014 were entered into that fix the LIBOR component of the interest rate on that portion of the revolving credit facility debt at rates of 1.08%, 0.73%, 0.625%, 0.46% and 0.54% respectively, for effective aggregate rates of 3.08%, 2.73%, 2.625%, 2.46% and 2.54%, respectively. As of March 31, 2013, the weighted average floating interest rate on borrowing was 2.20% compared to 2.21% as of December 31, 2012.

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Long-Term Debt Components of Convertible Debt (Details) (Convertible Subordinated Debt [Member], Convertible Senior Subordinated Debentures February 2027 [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Convertible Subordinated Debt [Member] | Convertible Senior Subordinated Debentures February 2027 [Member]
Debt Instrument [Line Items]
Principal amount of liability component	$ 13,350	$ 13,350
Debt Instrument, Unamortized Discount	(3,190)	(3,341)
Convertible Debt	$ 10,160	$ 10,009

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Shareholders' Equity Transactions Options Activity (Details) (USD $)	3 Months Ended
	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding at beginning of period Weighted Average Exercise Price	$ 26.21
Options outstanding at beginning of period	4,664,634
Granted	747,450
Granted Weighted Average Exercise Price	$ 14.49
Excercised	0
Excercised Weighted Average Exercise Price	$ 0
Canceled	(147,141)
Canceled Weighted Average Exercise Price	$ 21.69
Options outstanding at end of period	5,264,943
Options outstanding at end of period Weighted Average Exercise Price	$ 24.68
Options exercise price range at end of period, Lower Limit	$ 13.37
Options exercise price range at end of period, Upper Limit	$ 47.80
Options exercisable at end of period	3,044,920
Options available for grant at end of period	6,800,000
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options available for grant at end of period	517,410	[1]
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Net Restricted Stock Award Activity	795,351
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	114,700

[1] *Options available for grant as of March 31, 2013 reduced by net restricted stock award activity of 795,351.

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Long-Term Debt Interest Rate Swaps (Details) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Derivative [Line Items]
Long-term Debt, Weighted Average Interest Rate	2.20%	2.21%
Interest Rate Derivative, June 2013, .0625% [Member] [Domain] | Interest Rate Swap [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	18,000,000
Derivative, Fixed Interest Rate on LIBOR Component	0.625%
Derivative, Effective Aggregate Interest Rate	2.625%
Interest Rate Derivative, September 2013, .46% [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	22,000,000
Derivative, Fixed Interest Rate on LIBOR Component	0.46%
Derivative, Effective Aggregate Interest Rate	2.46%
Interest Rate Derivative, May 2013, 1.08% [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	20,000,000
Derivative, Fixed Interest Rate on LIBOR Component	1.08%
Derivative, Effective Aggregate Interest Rate	3.08%
Interest Rate Derivative, May 2013, .73% [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	25,000,000
Derivative, Fixed Interest Rate on LIBOR Component	0.73%
Derivative, Effective Aggregate Interest Rate	2.73%
Interest Rate Derivative, April 2014, .54% [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	12,000,000
Derivative, Fixed Interest Rate on LIBOR Component	0.54%
Derivative, Effective Aggregate Interest Rate	2.54%

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Property And Equipment (Tables)

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Property and Equipment

Property and equipment consist of the following (in thousands):

	March 31, 2013			December 31, 2012
Machinery and equipment	$	359,589		$	356,512
Land, buildings and improvements	95,438			95,047
Furniture and fixtures	13,446			13,397
Leasehold improvements	14,948			14,975
	483,421			479,931
Less allowance for depreciation	(367,355		)	(361,700		)
	$	116,066		$	118,231

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Receivables Installment Receivables by Class (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Installment Receivables	$ 6,570	$ 6,488
Unpaid Principal Balance	6,508	6,417
Related Allowance for Doubtful Accounts	4,043	3,823
Interest Income Recognized	30	120
CANADA
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Installment Receivables	1,665	1,980
Unpaid Principal Balance	1,603	1,909
Related Allowance for Doubtful Accounts	211	458
Interest Income Recognized	30	120
Impaired Installment Receivables with Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Installment Receivables	5,116	4,966
Unpaid Principal Balance	5,116	4,966
Related Allowance for Doubtful Accounts	4,043	3,823
Interest Income Recognized	0	0
Impaired Installment Receivables with Related Allowance [Member] | U.S.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Installment Receivables	4,905	4,508
Unpaid Principal Balance	4,905	4,508
Related Allowance for Doubtful Accounts	3,832	3,365
Interest Income Recognized	0	0
Impaired Installment Receivables with Related Allowance [Member] | CANADA
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Installment Receivables	211	458
Unpaid Principal Balance	211	458
Related Allowance for Doubtful Accounts	211	458
Interest Income Recognized	0	0
Installment Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Installment Receivables	1,454	1,522
Unpaid Principal Balance	1,392	1,451
Related Allowance for Doubtful Accounts	0	0
Interest Income Recognized	30	120
Installment Receivables [Member] | CANADA
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Installment Receivables	1,454	1,522
Unpaid Principal Balance	1,392	1,451
Related Allowance for Doubtful Accounts	0	0
Interest Income Recognized	$ 30	$ 120

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Net Earnings (Loss) Per Common Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Net Earnings (Loss) Per Common Share

Net Earnings (Loss) Per Common Share

The following table sets forth the computation of basic and diluted net earnings (loss) per common share for the periods indicated.

(In thousands except per share data)	For the Three Months Ended March 31,
	2013			2012
Basic
Average common shares outstanding	31,902			31,819
Net earnings (loss) from continuing operations	$	(4,533	)	$	5,605
Net earnings from discontinued operations	$	39,714		$	2,628
Net earnings	$	35,181		$	8,233
Net earnings (loss) per common share from continuing operations	$	(0.14	)	$	0.18
Net earnings per common share from discontinued operations	$	1.24		$	0.08
Net earnings per common share	$	1.10		$	0.26
Diluted
Average common shares outstanding	31,902			31,819
Shares related to convertible debt	—			—
Stock options and awards	32			3
Average common shares assuming dilution	31,934			31,822
Net earnings (loss) from continuing operations	$	(4,533	)	$	5,605
Net earnings from discontinued operations	$	39,714		$	2,628
Net earnings	$	35,181		$	8,233
Net earnings (loss) per common share from continuing operations *	$	(0.14	)	$	0.18
Net earnings per common share from discontinued operations	$	1.24		$	0.08
Net earnings per common share	$	1.10		$	0.26

* Net loss per common share assuming dilution calculated utilizing weighted average shares outstanding-basic for the period in which there was a net loss.

For the three months endedMarch 31, 2013, 5,103,319 shares associated with stock options were excluded from the average common shares assuming dilution as they were anti-dilutive. At March 31, 2013, the majority of the anti-dilutive shares were granted at an exercise price of $41.87, which was higher than the average fair market value price of $15.41for the three months endedMarch 31, 2013. For the three months endedMarch 31, 2012, 4,287,922 shares associated with stock options were excluded from the average common shares assuming dilution as they were anti-dilutive. At March 31, 2012, the majority of the anti-dilutive shares were granted at an exercise price of $24.45, which was higher than the average fair market value price of $16.74for the three months endedMarch 31, 2012. For the three months endedMarch 31, 2013 and March 31, 2012, there were no shares necessary to settle a conversion spread on the convertible notes to be included in the common shares assuming dilution as the average market price of the company stock for 2012 did not exceed the conversion price.

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Contingencies

3 Months Ended

Mar. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Contingencies

Contingencies

General

In the ordinary course of its business, Invacare is a defendant in a number of lawsuits, primarily product liability actions in which various plaintiffs seek damages for injuries allegedly caused by defective products. All of the product liability lawsuits have been referred to the company's captive insurance company and/or excess insurance carriers and generally are contested vigorously. The coverage territory of the company's insurance is worldwide with the exception of those countries with respect to which, at the time the product is sold for use or at the time a claim is made, the U.S. government has suspended or prohibited diplomatic or trade relations. The amount recorded for identified contingent liabilities is based on estimates. Amounts recorded are reviewed periodically and adjusted to reflect additional technical and legal information that becomes available. Actual costs to be incurred in future periods may vary from the estimates, given the inherent uncertainties in evaluating certain exposures.

As a medical device manufacturer, the company is subject to extensive government regulation, including numerous laws directed at preventing fraud and abuse and laws regulating reimbursement under various government programs. The marketing, invoicing, documenting and other practices of health care suppliers and manufacturers are all subject to government scrutiny. Violations of law or regulations can result in administrative, civil and criminal penalties and sanctions, including disqualification from Medicare and other reimbursement programs, which could have a material adverse effect on the company's business.

FDA Matters

The FDA regulates virtually all aspects of the development, testing, manufacturing, labeling, promotion, distribution and marketing of a medical device. The company's failure to comply with the regulatory requirements of the FDA and other applicable U.S. medical device regulatory requirements may subject the company to administrative or judicially imposed sanctions. These sanctions include warning letters, civil penalties, criminal penalties, injunctions, consent decrees, product seizure or detention, product recalls and total or partial suspension of production.

As part of its regulatory function, the FDA routinely inspects the sites of medical device companies, and in 2011 and 2010, the FDA inspected certain of the company's facilities. As previously disclosed, in December 2011, the FDA requested that the company agree to a consent decree of injunction with respect to the company's corporate facility and its wheelchair manufacturing facility in Elyria, Ohio, the proposed terms of which required the suspension of certain operations at those facilities until they are certified by the company and then determined by FDA to be in compliance with FDA quality system regulations.

In December 2012, the company reached agreement with the FDA on the terms of the consent decree, which was approved and made effective by the U.S. District Court for the Northern District of Ohio on December 21, 2012. The consent decree limits the company's manufacture and distribution of custom power and manual wheelchairs, wheelchair components and wheelchair sub-assemblies at or from its Taylor Street manufacturing facility. The decree also temporarily limits design activities related to wheelchairs and power beds that take place at the impacted Elyria, Ohio facilities. However, the company is entitled to continue to produce from the Taylor Street manufacturing facility certain medically necessary products, as well as ongoing replacement, service and repair of products already in use, under terms delineated in the consent decree and is able to fulfill purchase orders and quotes that were in the company's order fulfillment system prior to the effective date of the decree. Under the terms of the consent decree, in order to resume full operations at the impacted facilities, the company must successfully complete a third-party expert certification audit and receive written notification from the FDA. The certification audit is to be comprised of three distinct reports. The expert certification audit will be followed by an FDA inspection of the company's compliance with the quality system regulations. Each of the three audits will result in a third-party expert report that will then be reviewed by the FDA which will complete its own review procedures. Once satisfied with the company's compliance, the FDA will provide written notification that the company is permitted to resume full operations at the impacted facilities.

At the time of filing this quarterly report on Form 10-Q, the company has completed the first two of its third-party expert certification audits and is providing some follow-up information requested by the FDA with respect to one of them. In these reports, the third-party expert certified that the company's equipment and process validation procedures and its design control systems are compliant with the FDA's Quality System Regulation. The company expects to receive the FDA's response within a few weeks based upon the terms of the consent decree. Receiving the FDA's approval on the first certification audit would permit the company's Taylor Street facility to resume supplying parts and components for the further manufacturing of medical devices at other Invacare facilities. Once the company receives the FDA's approval on the second certification report, the company may resume design activities at the corporate and Taylor Street facilities, which will enable it to refocus its engineering resources on new product development. The third, most comprehensive third-party certification audit is a comprehensive review of the company's compliance with the FDA's Quality System Regulation at the impacted Elyria facilities. As of the time of this filing, the third expert certification audit has commenced, and the company plans to complete the audit in the second quarter of 2013. Because the FDA has the authority to reinspect at any time, the company cannot determine whether the FDA will elect to inspect after either the first or second third-party expert audits. The company began its third, final and most comprehensive third party certification audit in late March.  The company's goal has been and continues to be to get the third certification audit completed in the second quarter.   Based on the scope and complexity of this very comprehensive audit and recent discussions with our third party expert, the company's June 30 goal is aggressive.  Nevertheless, the company is working diligently to accomplish its original goal of finalizing the report by June 30, 2013. Once completed, according to the consent decree, the FDA has thirty (30) days after receipt of the third expert certification audit results to commence its own inspection. It is not possible for the company to estimate the timing or potential response of the FDA's inspection and subsequent written notifications. Once the company receives written notification from the FDA that the Corporate and Taylor Street facilities appear to be in compliance, the company may resume full operations at those facilities. Once the company receives written notification from the FDA that the Corporate and Taylor Street facilities appear to be in compliance, the company may resume full operations at those facilities.

As described above, because the limitations on production will only be temporary in nature, and partial production will be allowed, the company does not anticipate any major repair, replacement or scrapping of its fixed assets at the Taylor Street manufacturing facility. Based on the company's expectations at the time of filing of this Quarterly Report on Form 10-Q with respect to the time frame for completion of the third-party expert certifications audits and FDA inspection and with respect to future cash flows from production at the Taylor Street manufacturing facility, the company concluded that there is no impairment in the value of the fixed assets related to the Taylor Street manufacturing facility at March 31, 2013.

The majority of the production from the Taylor Street facility is "made to order" for customers and, as a result, there was not a significant amount of finished goods inventory on hand at March 31, 2013. At the time of filing this Quarterly Report on Form 10-Q, the company believed that it would be able to obtain substantially all of the documentation required under the consent decree in order to complete the manufacture and shipment from the Taylor Street facility of the orders in the company's order fulfillment system at the time of the effectiveness of the consent decree and thus, the company concluded that there was not an impairment of the work in process and finished goods at the Taylor Street facility at March 31, 2013. Further, based on its analysis of the raw material inventory at the Taylor Street facility and the company's expectations at the time of filing of this Quarterly Report on Form 10-Q with respect to the time frame for completion of the third-party expert certification audits and FDA inspection, the company concluded that the value of the inventory was not excessive or impaired at March 31, 2013. However, if the company's expectations regarding the impacts of the limitations in the consent decree or the time frame for completion of the third-party expert certification audits and FDA inspection were to change, the company may, in future periods, conclude that an impairment exists with respect to its fixed assets or inventory at the Taylor Street facility.

The North America/HME segment is the segment primarily impacted by the limitations in the consent decree. During 2012, before the effectiveness of the consent decree, the company started to experience decreases in net sales in this segment. Those decreases were primarily related to delays in new product introductions, uncertainty on the part of the company's customers as they coped with prepayment reviews and post-payment audits by the Centers for Medicare and Medicaid Services and contemplated their participation in the next round of National Competitive Bidding, and, the company believes, uncertainty regarding the resolution of the consent decree which limited the company's ability to renegotiate and bid on certain supply contracts and otherwise led to a decline in customer orders. While the consent decree has only been effective for a few months at the time of filing of this Quarterly Report on Form 10-Q, the negative effect on customer orders and net sales has been considerable and the company expects to experience further declines in net sales as a result of the limitations imposed by the consent decree. The company expects to continue to experience decreased net sales in the segment until it has successfully completed the previously-described third-party expert certification audit and FDA inspection and has received written notification from the FDA that the company may resume full operations. Even after the company receives the FDA notification, it is uncertain as to whether, or how quickly, the company will be able to rebuild net sales to more typical historical levels, irrespective of market conditions. Accordingly, the limitations in the consent decree had, and likely will continue to have, a material adverse effect on the company's business, financial condition and results of operations.

For additional information regarding the consent decree, please see the following sections of the company's Annual Report on Form 10-K for the period ending December 31, 2012: Item 1. Business - Government Regulation and Item 1A. Risk Factors and the following sections of this Quarterly Report on Form 10-Q: Item 1. Legal Proceedings; and Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations - Outlook and - Liquidity and Capital Resources.

In addition, in December 2010, the company received a warning letter from the FDA related to quality system processes and procedures at the company's Sanford, Florida facility. The company has taken these issues very seriously and has added resources to ensure it is addressing all of the FDA's concerns in a timely manner. However, the results of regulatory claims, proceedings, investigations, or litigation are difficult to predict. An unfavorable resolution or outcome of the FDA warning letter could materially and adversely affect the company's business, financial condition, and results of operations.

Any of the above contingencies could have an adverse impact on the company's financial condition or results of operations.

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Receivables (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Installment Receivables	$ 6,570	$ 6,488
Installment Receivables, Net of Unearned Interest	6,508	6,417
Allowance for doubtful accounts	(4,043)	(3,823)
Installment receivables, net	1,970	2,188
Installment Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Installment Receivables, Current	4,417	4,982
Installment Receivables, Long-Term	2,153	1,506
Total Installment Receivables	6,570	6,488
Unearned Interest, Current	(62)	(71)
Unearned Interest, Noncurrent	0	0
Total Unearned Interest	(62)	(71)
Installment Receivables Net of Unearned Interest Current	4,355	4,911
Installment Receivables Net of Unearned Interest Noncurrent	2,153	1,506
Installment Receivables, Net of Unearned Interest	6,508	6,417
Allowance for doubtful accounts, current	(2,385)	(2,723)
Allowance for doubtful accounts, long-term	(1,658)	(1,100)
Allowance for doubtful accounts	(4,043)	(3,823)	(4,273)
Installment receivables, net	1,970	2,188
Installment receivables, net, long-term	495	406
Installment receivables, net	$ 2,465	$ 2,594

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Net Earnings (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the computation of basic and diluted net earnings (loss) per common share for the periods indicated.

(In thousands except per share data)	For the Three Months Ended March 31,
	2013			2012
Basic
Average common shares outstanding	31,902			31,819
Net earnings (loss) from continuing operations	$	(4,533	)	$	5,605
Net earnings from discontinued operations	$	39,714		$	2,628
Net earnings	$	35,181		$	8,233
Net earnings (loss) per common share from continuing operations	$	(0.14	)	$	0.18
Net earnings per common share from discontinued operations	$	1.24		$	0.08
Net earnings per common share	$	1.10		$	0.26
Diluted
Average common shares outstanding	31,902			31,819
Shares related to convertible debt	—			—
Stock options and awards	32			3
Average common shares assuming dilution	31,934			31,822
Net earnings (loss) from continuing operations	$	(4,533	)	$	5,605
Net earnings from discontinued operations	$	39,714		$	2,628
Net earnings	$	35,181		$	8,233
Net earnings (loss) per common share from continuing operations *	$	(0.14	)	$	0.18
Net earnings per common share from discontinued operations	$	1.24		$	0.08
Net earnings per common share	$	1.10		$	0.26

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Balance Sheet Parentheticals (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Preferred Stock, Shares Authorized	300	300
Preferred Stock, Shares Outstanding	0	0
Common Class A [Member]
Common Stock, Shares Authorized	100,000	100,000
Common Stock, Shares, Issued	34,055	33,952
Common Stock, Par or Stated Value Per Share	0	0
Common Class B [Member]
Common Stock, Shares Authorized	12,000	12,000
Common Stock, Shares, Issued	1,085	1,086
Common Stock, Par or Stated Value Per Share	0	0

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Inventories

3 Months Ended

Mar. 31, 2013

Inventory, Net [Abstract]

Inventories

Inventories

Inventories consist of the following (in thousands):

	March 31, 2013		December 31, 2012
Finished goods	$	97,273	$	94,675
Raw materials	73,611		71,596
Work in process	16,813		16,975
	$	187,697	$	183,246

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Other Intangibles Finite-Lived Intangible Asset Future Amortization Expense (Details) (USD $)	Mar. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Future Amortization Expense, Entire Fiscal Year	$ 9,417,000
Future Amortization Expense, Year One	8,729,000
Future Amortization Expense, Year Two	7,145,000
Future Amortization Expense, Year Three	5,407,000
Future Amortization Expense, Year Four	2,287,000
Future Amortization Expense, Year Five	$ 2,284,000

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Supplemental Guarantor Information Consolidating Condensed Statements of Operations (Details) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2013 The Company (Parent) [Member]	Mar. 31, 2012 The Company (Parent) [Member]	Mar. 31, 2013 Combined Guarantor Subsidiaries [Member]	Mar. 31, 2012 Combined Guarantor Subsidiaries [Member]	Mar. 31, 2013 Combined Non-Guarantor Subsidiaries [Member]	Mar. 31, 2012 Combined Non-Guarantor Subsidiaries [Member]	Mar. 31, 2013 Eliminations [Member]	Mar. 31, 2012 Eliminations [Member]	Mar. 31, 2013 Convertible Senior Subordinated Debentures February 2027 [Member] Convertible Subordinated Debt [Member]	Feb. 17, 2007 Convertible Senior Subordinated Debentures February 2027 [Member] Convertible Subordinated Debt [Member]
Condensed Financial Statements, Captions [Line Items]
Net sales	$ 337,616,000	$ 355,100,000	$ 60,909,000	$ 90,032,000	$ 124,615,000	$ 124,653,000	$ 173,925,000	$ 173,388,000	$ (21,833,000)	$ (32,973,000)
Interest Rate											4.125%
Debt Instrument, Face Amount												135,000,000
Cost of Goods Sold	241,838,000	244,503,000	52,353,000	67,952,000	89,834,000	89,905,000	121,705,000	119,415,000	(22,054,000)	(32,769,000)
Gross Profit	95,778,000	110,597,000	8,556,000	22,080,000	34,781,000	34,748,000	52,220,000	53,973,000	221,000	(204,000)
Selling, general and administrative expense	104,019,000	100,713,000	34,863,000	32,769,000	23,835,000	22,883,000	43,977,000	45,061,000	1,344,000	0
Restructuring Charges	2,522,000	561,000	1,671,000	6,000	0	21,000	851,000	534,000	0	0
Income (Loss) from Equity Method Investments	0	0	48,018,000	18,246,000	5,808,000	1,044,000	65,000	199,000	(53,891,000)	(19,489,000)
Interest Income (Expense), Net	(1,220,000)	(2,050,000)	45,000	870,000	(646,000)	(2,160,000)	(619,000)	(760,000)	0	0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest	(11,983,000)	7,273,000	20,085,000	8,421,000	16,108,000	10,728,000	6,838,000	7,817,000	(55,014,000)	(19,693,000)
Income Tax Expense (Benefit)	(7,450,000)	1,668,000	(15,096,000)	188,000	0	(395,000)	7,646,000	1,875,000	0	0
Income (Loss) from Continuing Operations Attributable to Parent	(4,533,000)	5,605,000	35,181,000	8,233,000	16,108,000	11,123,000	(808,000)	5,942,000	(55,014,000)	(19,693,000)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	39,714,000	2,628,000	0	0	39,714,000	2,628,000	0	0	0	0
Net Earnings (loss)	35,181,000	8,233,000	35,181,000	8,233,000	55,822,000	13,751,000	(808,000)	5,942,000	(55,014,000)	(19,693,000)
Other Comprehensive Income (Loss), Net of Tax	134,000	1,186,000	134,000	1,186,000	(2,186,000)	1,845,000	1,787,000	(150,000)	399,000	(1,695,000)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 35,315,000	$ 9,419,000	$ 35,315,000	$ 9,419,000	$ 53,636,000	$ 15,596,000	$ 979,000	$ 5,792,000	$ (54,615,000)	$ (21,388,000)

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Charges Related To Restructuring Activities (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	$ 6,993,000	$ 4,979,000	$ 0
Restructuring Charges including Inventory Markdowns	2,522,000	11,395,000	10,534,000
Restructuring Reserve, Settled with Cash	(4,022,000)	(9,381,000)	(5,555,000)
Restructuring Reserve, Ending Balance	5,493,000	6,993,000	4,979,000
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	5,211,000	4,905,000	0
Restructuring Charges including Inventory Markdowns	2,436,000	6,775,000	8,352,000
Restructuring Reserve, Settled with Cash	(3,101,000)	(6,469,000)	(3,447,000)
Restructuring Reserve, Ending Balance	4,546,000	5,211,000	4,905,000
Product Line Discontinuance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	151,000	0	0
Restructuring Charges including Inventory Markdowns	0	491,000	277,000
Restructuring Reserve, Settled with Cash	(151,000)	(340,000)	(277,000)
Restructuring Reserve, Ending Balance	0	151,000	0
Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	1,625,000	74,000	0
Restructuring Charges including Inventory Markdowns	86,000	1,725,000	1,788,000
Restructuring Reserve, Settled with Cash	(766,000)	(174,000)	(1,714,000)
Restructuring Reserve, Ending Balance	945,000	1,625,000	74,000
Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	6,000	0	0
Restructuring Charges including Inventory Markdowns	0	2,404,000	117,000
Restructuring Reserve, Settled with Cash	(4,000)	(2,398,000)	(117,000)
Restructuring Reserve, Ending Balance	2,000	6,000	0
NA/HME [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	3,747,000	3,092,000
Restructuring Charges including Inventory Markdowns	1,679,000	4,247,000	4,759,000
Restructuring Reserve, Settled with Cash	(2,005,000)	(3,592,000)	(1,667,000)
Restructuring Reserve, Ending Balance	3,421,000	3,747,000	3,092,000
NA/HME [Member] | Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	3,747,000	3,092,000
Restructuring Charges including Inventory Markdowns	1,679,000	4,242,000	4,755,000
Restructuring Reserve, Settled with Cash	(2,005,000)	(3,587,000)	(1,663,000)
Restructuring Reserve, Ending Balance	3,421,000	3,747,000	3,092,000
NA/HME [Member] | Product Line Discontinuance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	0
Restructuring Charges including Inventory Markdowns	0	0	0
Restructuring Reserve, Settled with Cash	0	0	0
Restructuring Reserve, Ending Balance	0	0	0
NA/HME [Member] | Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	0
Restructuring Charges including Inventory Markdowns	0	5,000	0
Restructuring Reserve, Settled with Cash	0	(5,000)	0
Restructuring Reserve, Ending Balance	0	0	0
NA/HME [Member] | Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	0
Restructuring Charges including Inventory Markdowns	0	0	4,000
Restructuring Reserve, Settled with Cash	0	0	(4,000)
Restructuring Reserve, Ending Balance	0	0	0
IPG [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	71,000
Restructuring Charges including Inventory Markdowns	189,000	35,000	123,000
Restructuring Reserve, Settled with Cash	(17,000)	(106,000)	(52,000)
Restructuring Reserve, Ending Balance	172,000	0	71,000
IPG [Member] | Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	71,000
Restructuring Charges including Inventory Markdowns	189,000	35,000	123,000
Restructuring Reserve, Settled with Cash	(17,000)	(106,000)	(52,000)
Restructuring Reserve, Ending Balance	172,000	0	71,000
IPG [Member] | Product Line Discontinuance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	0
Restructuring Charges including Inventory Markdowns	0	0	0
Restructuring Reserve, Settled with Cash	0	0	0
Restructuring Reserve, Ending Balance	0	0	0
IPG [Member] | Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	0
Restructuring Charges including Inventory Markdowns	0	0	0
Restructuring Reserve, Settled with Cash	0	0	0
Restructuring Reserve, Ending Balance	0	0	0
IPG [Member] | Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	0
Restructuring Charges including Inventory Markdowns	0	0	0
Restructuring Reserve, Settled with Cash	0	0	0
Restructuring Reserve, Ending Balance	0	0	0
Europe [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	595,000	1,816,000
Restructuring Charges including Inventory Markdowns	115,000	2,093,000	5,466,000
Restructuring Reserve, Settled with Cash	(461,000)	(3,314,000)	(3,650,000)
Restructuring Reserve, Ending Balance	249,000	595,000	1,816,000
Europe [Member] | Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	595,000	1,742,000
Restructuring Charges including Inventory Markdowns	115,000	817,000	3,288,000
Restructuring Reserve, Settled with Cash	(461,000)	(1,964,000)	(1,546,000)
Restructuring Reserve, Ending Balance	249,000	595,000	1,742,000
Europe [Member] | Product Line Discontinuance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	0
Restructuring Charges including Inventory Markdowns	0	0	277,000
Restructuring Reserve, Settled with Cash	0	0	(277,000)
Restructuring Reserve, Ending Balance	0	0	0
Europe [Member] | Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	74,000
Restructuring Charges including Inventory Markdowns	0	53,000	1,788,000
Restructuring Reserve, Settled with Cash	0	(127,000)	(1,714,000)
Restructuring Reserve, Ending Balance	0	0	74,000
Europe [Member] | Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	0	0
Restructuring Charges including Inventory Markdowns	0	1,223,000	113,000
Restructuring Reserve, Settled with Cash	0	(1,223,000)	(113,000)
Restructuring Reserve, Ending Balance	0	0	0
Asia/Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	2,651,000	0
Restructuring Charges including Inventory Markdowns	539,000	5,020,000	186,000
Restructuring Reserve, Settled with Cash	(1,539,000)	(2,369,000)	(186,000)
Restructuring Reserve, Ending Balance	1,651,000	2,651,000	0
Asia/Pacific [Member] | Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	869,000	0
Restructuring Charges including Inventory Markdowns	453,000	1,681,000	186,000
Restructuring Reserve, Settled with Cash	(618,000)	(812,000)	(186,000)
Restructuring Reserve, Ending Balance	704,000	869,000	0
Asia/Pacific [Member] | Product Line Discontinuance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	151,000	0
Restructuring Charges including Inventory Markdowns	0	491,000	0
Restructuring Reserve, Settled with Cash	(151,000)	(340,000)	0
Restructuring Reserve, Ending Balance	0	151,000	0
Asia/Pacific [Member] | Contract Termination [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	1,625,000	0
Restructuring Charges including Inventory Markdowns	86,000	1,667,000	0
Restructuring Reserve, Settled with Cash	(766,000)	(42,000)	0
Restructuring Reserve, Ending Balance	945,000	1,625,000	0
Asia/Pacific [Member] | Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Beginning Balance	6,000	0
Restructuring Charges including Inventory Markdowns	0	1,181,000	0
Restructuring Reserve, Settled with Cash	(4,000)	(1,175,000)	0
Restructuring Reserve, Ending Balance	$ 2,000	$ 6,000	$ 0

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Supplemental Guarantor Information

3 Months Ended

Mar. 31, 2013

Supplemental Guarantor Information [Abstract]

Supplemental Guarantor Information

Supplemental Guarantor Information

Effective February 12, 2007, substantially all of the domestic subsidiaries (the “Guarantor Subsidiaries”) of the company became guarantors of the indebtedness of Invacare Corporation under its 4.125% Convertible Senior Subordinated Debentures due 2027 (the “Debentures”) with an original aggregate principal amount of $135,000,000. The majority of the company’s subsidiaries are not guaranteeing the indebtedness of the Debentures (the “Non-Guarantor Subsidiaries”). Each of the Guarantor Subsidiaries has fully and unconditionally guaranteed, on a joint and several basis, to pay principal, premium, and interest related to the Debentures and each of the Guarantor Subsidiaries are directly or indirectly wholly-owned subsidiaries of the company.

Presented below are the consolidating condensed financial statements of Invacare Corporation (Parent), its combined Guarantor Subsidiaries and combined Non-Guarantor Subsidiaries with their investments in subsidiaries accounted for using the equity method. The company does not believe that separate financial statements of the Guarantor Subsidiaries are material to investors and accordingly, separate financial statements and other disclosures related to the Guarantor Subsidiaries are not presented.

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Total
Three month period ended March 31, 2013	(in thousands)
Net sales	$	60,909		$	124,615		$	173,925		$	(21,833	)	$	337,616
Cost of products sold	52,353			89,834			121,705			(22,054		)	241,838
Gross Profit	8,556			34,781			52,220			221			95,778
Selling, general and administrative expenses	34,863			23,835			43,977			1,344			104,019
Charge related to restructuring activities	1,671			—			851			—			2,522
Income (loss) from equity investee	48,018			5,808			65			(53,891		)	—
Interest expense (income)—net	(45		)	646			619			—			1,220
Earnings (Loss) from Continuing Operations before Income Taxes	20,085			16,108			6,838			(55,014		)	(11,983		)
Income taxes (benefit)	(15,096		)	—			7,646			—			(7,450		)
Net Earnings (Loss) from Continuing Operations	35,181			16,108			(808		)	(55,014		)	(4,533		)
Net Earnings from Discontinued Operations	—			39,714			—			—			39,714
Net Earnings (loss)	$	35,181		$	55,822		$	(808	)	$	(55,014	)	$	35,181
Other Comprehensive Income (Loss), Net of Tax	134			(2,186		)	1,787			399			134
Comprehensive Income (Loss)	$	35,315		$	53,636		$	979		$	(54,615	)	$	35,315

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Total
Three month period ended March 31, 2012	(in thousands)
Net sales	$	90,032		$	124,653		$	173,388		$	(32,973	)	$	355,100
Cost of products sold	67,952			89,905			119,415			(32,769		)	244,503
Gross Profit	22,080			34,748			53,973			(204		)	110,597
Selling, general and administrative expenses	32,769			22,883			45,061			—			100,713
Charge related to restructuring activities	6			21			534			—			561
Income (loss) from equity investee	18,246			1,044			199			(19,489		)	—
Interest expense—net	(870		)	2,160			760			—			2,050
Earnings (Loss) from Continuing Operations before Income Taxes	8,421			10,728			7,817			(19,693		)	7,273
Income taxes (benefit)	188			(395		)	1,875			—			1,668
Net Earnings (Loss) from Continuing Operations	8,233			11,123			5,942			(19,693		)	5,605
Net Earnings from Discontinued Operations	—			2,628			—			—			2,628
Net Earnings (loss)	$	8,233		$	13,751		$	5,942		$	(19,693	)	$	8,233
Other Comprehensive Income (Loss), Net of Tax	1,186			1,845			(150		)	(1,695		)	1,186
Comprehensive Income (Loss)	$	9,419		$	15,596		$	5,792		$	(21,388	)	$	9,419

CONSOLIDATING CONDENSED BALANCE SHEETS

	The Company (Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Total
March 31, 2013	(in thousands)
Assets
Current Assets
Cash and cash equivalents	$	1,984	$	199	$	22,898	$	—		$	25,081
Trade receivables, net	64,304		37,526		97,552		—			199,382
Installment receivables, net	—		659		1,311		—			1,970
Inventories, net	39,635		32,742		118,656		(3,336		)	187,697
Deferred income taxes	—		—		318		—			318
Other current assets	13,543		506		29,861		(3,350		)	40,560
Total Current Assets	119,466		71,632		270,596		(6,686		)	455,008
Investment in subsidiaries	1,464,146		528,971		—		(1,993,117		)	—
Intercompany advances, net	81,788		877,560		242,020		(1,201,368		)	—
Other Assets	41,312		413		928		—			42,653
Other Intangibles	582		21,238		47,348		—			69,168
Property and Equipment, net	40,108		19,193		56,765		—			116,066
Goodwill	—		32,937		429,357		—			462,294
Total Assets	$	1,747,402	$	1,551,944	$	1,047,014	$	(3,201,171	)	$	1,145,189
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable	$	48,219	$	9,440	$	62,078	$	—		$	119,737
Accrued expenses	32,718		17,922		80,336		(3,350		)	127,626
Accrued income taxes	3,275		—		8,807		—			12,082
Short-term debt and current maturities of long-term obligations	2,439		7		848		—			3,294
Total Current Liabilities	86,651		27,369		152,069		(3,350		)	262,739
Long-Term Debt	107,160		123		6,041		—			113,324
Other Long-Term Obligations	53,068		—		58,990		—			112,058
Intercompany advances, net	843,455		268,989		88,924		(1,201,368		)	—
Total Shareholders’ Equity	657,068		1,255,463		740,990		(1,996,453		)	657,068
Total Liabilities and Shareholders’ Equity	$	1,747,402	$	1,551,944	$	1,047,014	$	(3,201,171	)	$	1,145,189

CONSOLIDATING CONDENSED BALANCE SHEETS

	The Company (Parent)		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Total
December 31, 2012	(in thousands)
Assets
Current Assets
Cash and cash equivalents	$	5,774	$	1,018	$	31,999	$	—		$	38,791
Trade receivables, net	71,622		37,223		89,946		—			198,791
Installment receivables, net	—		829		1,359		—			2,188
Inventories, net	40,278		31,455		114,169		(2,656		)	183,246
Other current assets	12,727		473		34,606		(6,030		)	41,776
Assets held for sale - current	—		103,157		—		—			103,157
Total Current Assets	130,401		174,155		272,079		(8,686		)	567,949
Investment in subsidiaries	1,536,898		523,176		6,888		(2,066,962		)	—
Intercompany advances, net	81,533		874,567		238,270		(1,194,370		)	—
Other Assets	41,006		314		942		—			42,262
Other Intangibles	663		22,211		48,778		—			71,652
Property and Equipment, net	39,911		19,957		58,363		—			118,231
Goodwill	—		32,937		429,263		—			462,200
Total Assets	$	1,830,412	$	1,647,317	$	1,054,583	$	(3,270,018	)	$	1,262,294
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable	$	63,812	$	9,465	$	59,771	$	—		$	133,048
Accrued expenses	36,716		18,155		86,348		(6,030		)	135,189
Accrued income taxes	1,545		—		1,168		—			2,713
Short-term debt and current maturities of long-term obligations	4,552		7		868		—			5,427
Liabilities held for sale - current	—		23,358		—		—			23,358
Total Current Liabilities	106,625		50,985		148,155		(6,030		)	299,735
Long-Term Debt	223,014		143		6,218		—			229,375
Other Long-Term Obligations	52,957		—		59,238		—			112,195
Intercompany advances, net	826,827		271,353		96,190		(1,194,370		)	—
Total Shareholders’ Equity	620,989		1,324,836		744,782		(2,069,618		)	620,989
Total Liabilities and Shareholders’ Equity	$	1,830,412	$	1,647,317	$	1,054,583	$	(3,270,018	)	$	1,262,294

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Total
Three month period ended March 31, 2013	(in thousands)
Net Cash Provided (Used) by Operating Activities	$	9,297		$	(89,758	)	$	(7,929	)	$	53,087		$	(35,303	)
Investing Activities
Purchases of property and equipment	(2,223		)	(580		)	(1,062		)	—			(3,865		)
Proceeds from sale of property and equipment	—			—			4			—			4
Proceeds from sale of business	—			144,681			—			—			144,681
Other long-term assets	(108		)	—			—			—			(108		)
Other	107,368			(52,956		)	—			(54,431		)	(19		)
Net Cash Provided (Used) for Investing Activities	105,037			91,145			(1,058		)	(54,431		)	140,693
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	114,762			—			1,188			—			115,950
Payments on revolving lines of credit and long-term borrowings	(232,490		)	(2,206		)	—			—			(234,696		)
Payment of dividends	(396		)	—			(1,344		)	1,344			(396		)
Net Cash Provided (Used) by Financing Activities	(118,124		)	(2,206		)	(156		)	1,344			(119,142		)
Effect of exchange rate changes on cash	—			—			42			—			42
Decrease in cash and cash equivalents	(3,790		)	(819		)	(9,101		)	—			(13,710		)
Cash and cash equivalents at beginning of year	5,774			1,018			31,999			—			38,791
Cash and cash equivalents at end of period	$	1,984		$	199		$	22,898		$	—		$	25,081

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

	The Company (Parent)			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations		Total
Three month period ended March 31, 2012	(in thousands)
Net Cash Provided (Used) by Operating Activities	$	(483	)	$	1,074		$	(1,416	)	$	—	$	(825	)
Investing Activities
Purchases of property and equipment	(553		)	(2,546		)	(1,582		)	—		(4,681		)
Proceeds from sale of property and equipment	12			17			16			—		45
Other long-term assets	—			—			(11		)	—		(11		)
Other	48			—			(28		)	—		20
Net Cash Used for Investing Activities	(493		)	(2,529		)	(1,605		)	—		(4,627		)
Financing Activities
Proceeds from revolving lines of credit and long-term borrowings	73,694			1,814			—			—		75,508
Payments on revolving lines of credit and long-term borrowings	(71,902		)	—			(578		)	—		(72,480		)
Payment of dividends	(397		)	—			—			—		(397		)
Net Cash Provided (Used) by Financing Activities	1,395			1,814			(578		)	—		2,631
Effect of exchange rate changes on cash	—			—			565			—		565
Increase (Decrease) in cash and cash equivalents	419			359			(3,034		)	—		(2,256		)
Cash and cash equivalents at beginning of year	3,642			2,104			29,178			—		34,924
Cash and cash equivalents at end of period	$	4,061		$	2,463		$	26,144		$	—	$	32,668

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Concentration Of Credit Risk (Details) (USD $)	Mar. 31, 2013
Concentration Risk [Line Items]
Retained Recourse Obligation For Events Of Default Under Contracts	$ 9,233,000
Events of Default Under Contract by Third Party	$ 59,600,000

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Shareholders' Equity Transactions (Tables)

3 Months Ended

Mar. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following table summarizes information about stock option activity for the three months ended March 31, 2013:

	March 31, 2013		Weighted Average Exercise Price
Options outstanding at January 1, 2013	4,664,634		$	26.21
Granted	747,450		14.49
Exercised	—		—
Canceled	(147,141	)	21.69
Options outstanding at March 31, 2013	5,264,943		$	24.68
Options exercise price range at March 31, 2013	$ 13.37 to
	47.80
Options exercisable at March 31, 2013	3,044,920
Options available for grant at March 31, 2013*	517,410

Schedule of Share-based Compensation, Stock Options Outstanding [Table Text Block]

The following table summarizes information about stock options outstanding at March 31, 2013:

	Options Outstanding				Options Exercisable
Exercise Prices	Number Outstanding At 3/31/13	Weighted Average Remaining Contractual Life (Years)	Weighted Average Exercise Price		Number Exercisable At 3/31/13	Weighted Average Exercise Price
$ 13.37 – $15.00	1,443,486	9.7	$	13.96	1,986	$	13.37
$ 15.01 – $25.00	1,725,029	6.0	22.49		1,196,559	22.13
$ 25.01 – $35.00	1,015,637	6.0	25.78		765,585	25.89
$ 35.01 – $47.80	1,080,791	1.4	41.45		1,080,790	41.45
Total	5,264,943	6.0	$	24.68	3,044,920	$	29.93

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Income Taxes

3 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The company had an effective tax rate of 62.2% on earnings before tax for the three month period ended March 31, 2013 compared to an expected rate at the U.S. statutory rate of 35%. The company's effective tax rate for the three months endedMarch 31, 2013 was greater than the U.S. federal statutory rate, principally due to an intraperiod tax allocation resulting in recognizing a tax benefit for the continuing loss in the United States as part of the annual effective tax rate. The rate was benefitted by taxes outside the United States, excluding countries with valuation allowances that are in losses in 2013, at a lower rate than the U.S. statutory rate. The company had an effective tax rate of 22.9% on earnings before tax for the three month period ended March 31, 2012, respectively, compared to an expected rate at the U.S. statutory rate of 35%. The company's effective tax rate for the three months ended March 31, 2012 was lower than the U.S. federal statutory rate, principally due to foreign earnings taxed at an effective rate lower than the U.S. statutory rate. The company also benefited from countries with valuation allowances included in the combined effective rate due to expected profits for 2012.