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Business segment information (Tables)
12 Months Ended
Dec. 31, 2011
Business segment information  
Business segments by GBU

 

 

 

 

Year ended December 31,
(US$ in thousands)

 

 

 

2011

 

2010

 

2009

 

 

 

Net Sales

 

Percent of
Total Net
Sales

 

Net Sales

 

Percent of
Total Net
Sales

 

Net Sales

 

Percent of
Total Net
Sales

 

Spine

 

$

304,217

 

52

%

$

306,404

 

54

%

$

279,425

 

51

%

Orthopedics

 

165,904

 

29

%

154,198

 

27

%

151,054

 

28

%

Sports Medicine

 

108,867

 

19

%

103,768

 

19

%

115,156

 

21

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Net Sales

 

$

578,988

 

100

%

$

564,370

 

100

%

$

545,635

 

100

%

Market sectors

 

 

 

 

Year ended December 31,
(US$ in thousands)

 

 

 

2011

 

2010

 

2009

 

 

 

Net Sales

 

Percent of
Total Net
Sales

 

Net Sales

 

Percent of
Total Net
Sales

 

Net Sales

 

Percent of
Total Net
Sales

 

Spine Products

 

 

 

 

 

 

 

 

 

 

 

 

 

Implants and Biologics

 

$

143,775

 

24

%

$

133,831

 

23

%

$

120,445

 

22

%

Stimulation

 

160,442

 

28

%

172,573

 

31

%

158,980

 

29

%

Total Spine Products

 

304,217

 

52

%

306,404

 

54

%

279,425

 

51

%

Orthopedics Products

 

165,904

 

29

%

149,175

 

26

%

139,304

 

25

%

Sports Medicine Products

 

103,040

 

18

%

95,514

 

18

%

96,446

 

18

%

Total Strategic Products

 

573,161

 

99

%

551,093

 

98

%

515,175

 

94

%

Divested Products

 

5,827

 

1

%

13,277

 

2

%

30,460

 

6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Net Sales

 

$

578,988

 

100

%

$

564,370

 

100

%

$

545,635

 

100

%

 

Operating income (loss) by GBU

Operating Income (Loss)

 

Year Ended
December 31,

 

(US$ in thousands)

 

2011

 

2010

 

2009

 

Spine (1)

 

$

46,618

 

$

80,688

 

$

60,830

 

Orthopedics (2)

 

12,368

 

5,879

 

5,781

 

Sports Medicine (3)

 

1,166

 

22,586

 

21,347

 

Corporate (4)

 

(27,633

)

(20,163

)

(24,083

)

 

 

 

 

 

 

 

 

Total

 

$

32,519

 

$

88,990

 

$

63,875

 

 

(1)

For 2011, the operating income for the Spine GBU included $42.5 million of expenses in connection with charges related to U.S. Government resolutions.

 

 

(2)

For 2011, the operating income for the Orthopedics GBU included $6.5 million of expenses in connection with charges related to U.S. Government resolutions.

 

 

(3)

For 2011, the operating income for the Sports Medicine GBU included $5 million of litigation and settlement costs for certain product liability matters related to our Sports Medicine GBU.  For 2011, the operating income for the Sports Medicine GBU included $2 million of insurance expense to cover additional product liability claims related to our Sports Medicine GBU.  For 2010, the operating income for the Sports Medicine GBU included $12 million from the net gain on sale of vascular operations.  For 2010, the operating income for the Sports Medicine GBU included $1.7 million of insurance expense to cover new product liability claims from its former pain management operations sold in 2008.

 

 

(4)

For 2011, the operating loss for the Corporate GBU included $7.5 million of expenses in connection with charges related to U.S. Government inquiries and $3.2 million of senior management succession charges.

Selected financial information by reporting segment

 

 

 

 

Depreciation and amortization

 

(US$ in thousands)

 

2011

 

2010

 

2009

 

Spine

 

$

11,060

 

$

9,407

 

$

9,154

 

Orthopedics

 

5,506

 

6,282

 

5,733

 

Sports Medicine

 

6,158

 

6,706

 

7,348

 

Corporate

 

52

 

126

 

109

 

 

 

 

 

 

 

 

 

Total

 

$

22,776

 

$

22,521

 

$

22,344

 

Analysis of property, plant and equipment of reporting segments by geographic area

 

 

(US$ in thousands)

 

2011

 

2010

 

U.S.

 

$

39,563

 

$

32,718

 

Italy

 

7,663

 

7,614

 

U.K.

 

1,449

 

1,618

 

Brazil

 

2,532

 

2,400

 

Others

 

917

 

1,185

 

 

 

 

 

 

 

Total

 

$

52,124

 

$

45,535