Business Segment Information

3 Months Ended

Apr. 01, 2012

Business Segment Information [Abstract]

Business Segment Information

Note 13 — Business segment information

As a result of a reorganization of the Company's internal business unit reporting structure and related internal financial reporting, effective January 1, 2012, the Company changed its segment reporting from a single operating segment to four operating segments.

An operating segment is a component of the Company (a) that engages in business activities from which it may earn revenues and incur expenses, (b) whose operating results are regularly reviewed by the Company's chief operating decision maker to make decisions about resources to be allocated to the segment and to assess its performance, and (c) for which discrete financial information is available. Based on these criteria, the Company has identified that it has four operating segments, which also represent its four reportable segments.

Threeof the four reportable segments are geographically based; North America, EMEA (representing the Company's operations in Europe, the Middle East and Africa) and AJLA (representing the Company's Asian and Latin American operations). The fourth reportable segment is OEM.

The Company's geographically based segments design, manufacture and distribute medical devices primarily used in critical care, surgical applications and cardiac care and generally serve two end markets; hospitals and healthcare providers, and home health. The products of the geographically based segments are most widely used in the acute care setting for a range of diagnostic and therapeutic procedures and in general and specialty surgical applications. The Company's OEM Segment designs, manufactures and supplies devices and instruments for other medical device manufacturers.

The following tables present the Company's segment results for the three months ended April 1, 2012 and March 27, 2011:

	Three Months Ended April 1, 2012
Segment Results	North America		EMEA		AJLA		OEM		Totals
	(Dollars in thousands)
Segment net revenues from external customers	$	167,308	$	134,600	$	46,988	$	38,861	$	387,757
Segment depreciation and amortization		15,313		5,149		1,250		1,617		23,329
Segment operating profit(1)		22,790		21,578		11,192		5,335		60,895
Segment assets		1,689,959		815,566		253,703		89,712		2,848,940
Segment expenditures for property, plant and equipment		3,839		2,695		7		4,900		11,441
Intersegment revenues		39,564		17,719		248		1,863

	Three Months Ended March 27, 2011
Segment Results	North America		EMEA		AJLA		OEM		Totals
	(Dollars in thousands)
Segment net revenues from external customers	$	152,724	$	125,450	$	42,033	$	33,797	$	354,004
Segment depreciation and amortization		16,431		5,282		1,316		1,612		24,641
Segment operating profit(1)		20,270		16,864		9,775		3,351		50,260
Segment assets		2,051,084		828,744		235,488		81,966		3,197,282
Segment expenditures for property, plant and equipment		3,420		1,415		49		943		5,827
Intersegment revenues		34,225		14,296		83		1,631

(1) Segment operating profit includes a segment's net revenues from external customers reduced by its cost of goods sold, selling, general and administrative expenses, and an allocation of corporate expenses. Segment operating profit excludes goodwill impairment charges, restructuring and impairment charges, interest income and expense, loss on extinguishment of debt and taxes on income.

The following tables present reconciliations of segment results to the Company's condensed consolidated results for the three months ended April 1, 2012 and March 27, 2011:

Reconciliation of Segment Operating Profit to Income from Continuing Operations Before Interest, Loss on Extinguishments of Debt and Taxes	Three Months Ended
	April 1, 2012			March 27, 2011
	(Dollars in thousands)
Segment operating profit	$	60,895		$	50,260
Goodwill impairment		332,128			—
Restructuring and other impairment charges		(838	)		595
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	$	(270,395	)	$	49,665

Reconciliation of Segment Assets to Condensed Consolidated Total Assets	April 1, 2012		March 27, 2011
	(Dollars in thousands)
Segment assets	$	2,848,940	$	3,197,282
Corporate assets (1)		792,920		371,285
Assets of businesses divested (2)		—		101,873
Assets held for sale		8,026		8,363
Total assets	$	3,649,886	$	3,678,803

(1) Increase in corporate assets from the prior period reflects higher cash balances as a result of sale of businesses at the end of 2011.

(2) Includes $31.8 million of assets previously reported as assets held for sale in 2011.

Reconciliation of Segment Expenditures for Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plan and Equipment	Three Months Ended
	April 1, 2012		March 27, 2011
	(Dollars in thousands)
Segment expenditures for property, plant and equipment	$	11,441	$	5,827
Corporate expenditures for property, plant and equipment		3,588		64
Total expenditures for property, plant and equipment	$	15,029	$	5,891