10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 29, 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 1-5353

TELEFLEX INCORPORATED

(Exact name of registrant as specified in its charter)

Delaware	23-1147939
(State or other jurisdiction of incorporation or organization)	(I.R.S. employer identification no.)
155 South Limerick Road, Limerick, Pennsylvania	19468
(Address of principal executive offices)	(Zip Code)

(610) 948-5100

(Registrant’s telephone number, including area code)

(None)

(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 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 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 “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
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 Act).    Yes  ¨    No  x

The registrant had 41,145,910 shares of common stock, $1.00 par value, outstanding as of October 18, 2013.

TELEFLEX INCORPORATED

QUARTERLY REPORT ON FORM 10-Q

FOR THE QUARTER ENDED SEPTEMBER 29, 2013

TABLE OF CONTENTS

		Page
PART I — FINANCIAL INFORMATION
Item 1:	Financial Statements (Unaudited):
	Condensed Consolidated Statements of Income (Loss) for the three and nine months ended September 29, 2013 and September 30, 2012	2
	Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended September 29, 2013 and September 30, 2012	3
	Condensed Consolidated Balance Sheets as of September 29, 2013 and December 31, 2012	4
	Condensed Consolidated Statements of Cash Flows for the nine months ended September 29, 2013 and September 30, 2012	5
	Condensed Consolidated Statements of Changes in Equity for the nine months ended September 29, 2013 and September 30, 2012	6
	Notes to Condensed Consolidated Financial Statements	7
Item 2:	Management’s Discussion and Analysis of Financial Condition and Results of Operations	42
Item 3:	Quantitative and Qualitative Disclosures About Market Risk	53
Item 4:	Controls and Procedures	53
PART II — OTHER INFORMATION
Item 1:	Legal Proceedings	55
Item 1A:	Risk Factors	55
Item 2:	Unregistered Sales of Equity Securities and Use of Proceeds	55
Item 3:	Defaults Upon Senior Securities	55
Item 5:	Other Information	55
Item 6:	Exhibits	56
SIGNATURES		57

1

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(Unaudited)

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars and shares in thousands, except per share)
Net revenues	$	413,796		$	368,054		$	1,245,732		$	1,131,953
Cost of goods sold		209,804			187,487			631,730			582,908
Gross profit		203,992			180,567			614,002			549,045
Selling, general and administrative expenses		115,228			114,878			358,431			332,965
Research and development expenses		15,638			14,760			47,169			40,015
Goodwill impairment		—			—			—			332,128
Restructuring and other impairment charges		7,084			1,088			29,205			84
Gain on sales of businesses and assets		—			—			—			(332	)
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes		66,042			49,841			179,197			(155,815	)
Interest expense		13,948			18,493			42,566			54,944
Interest income		(144	)		(340	)		(458	)		(1,324	)
Loss on extinguishments of debt		1,250			—			1,250			—
Income (loss) from continuing operations before taxes		50,988			31,688			135,839			(209,435	)
Taxes on income (loss) from continuing operations		5,209			7,237			18,958			2,961
Income (loss) from continuing operations		45,779			24,451			116,881			(212,396	)
Operating income (loss) from discontinued operations (including gain (loss) on disposal of ($38) and $2,226 for the three and nine month periods in 2012, respectively)		38			(831	)		(1,746	)		(7,951	)
Taxes (benefit) on income (loss) from discontinued operations		(991	)		1,690			(1,547	)		(1,668	)
Income (loss) from discontinued operations		1,029			(2,521	)		(199	)		(6,283	)
Net income (loss)		46,808			21,930			116,682			(218,679	)
Less: Income from continuing operations attributable to noncontrolling interest		234			188			629			701
Net income (loss) attributable to common shareholders	$	46,574		$	21,742		$	116,053		$	(219,380	)
Earnings per share available to common shareholders:
Basic:
Income (loss) from continuing operations	$	1.11		$	0.59		$	2.83		$	(5.22	)
Income (loss) from discontinued operations		0.02			(0.06	)		(0.01	)		(0.15	)
Net income (loss)	$	1.13		$	0.53		$	2.82		$	(5.37	)
Diluted:
Income (loss) from continuing operations	$	1.05		$	0.58		$	2.69		$	(5.22	)
Income (loss) from discontinued operations		0.03			(0.06	)		(0.01	)		(0.15	)
Net income (loss)	$	1.08		$	0.52		$	2.68		$	(5.37	)
Dividends per common share	$	0.34		$	0.34		$	1.02		$	1.02
Weighted average common shares outstanding:
Basic		41,132			40,890			41,087			40,831
Diluted		43,264			41,511			43,246			40,831
Amounts attributable to common shareholders:
Income (loss) from continuing operations, net of tax	$	45,545		$	24,263		$	116,252		$	(213,097	)
Income (loss) from discontinued operations, net of tax		1,029			(2,521	)		(199	)		(6,283	)
Net income (loss)	$	46,574		$	21,742		$	116,053		$	(219,380	)

The accompanying notes are an integral part of the condensed consolidated financial statements.

2

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Unaudited)

	Three Months Ended					Nine Months Ended
	September 29, 2013			September 30, 2012		September 29, 2013			September 30, 2012
	(Dollars in thousands)
Net income (loss)	$	46,808		$	21,930	$	116,682		$	(218,679	)
Other comprehensive income (loss), net of tax:
Foreign currency translation, net of tax of $6,520, $4,629, $5,167, $(4,555) for the three and nine month periods, respectively		23,530			46,056		(9,275	)		10,348
Pension and other postretirement benefits plans adjustment, net of tax of $502, $525, $1,525, $1,782 for the three and nine month periods, respectively		779			872		2,735			3,208
Derivatives qualifying as hedges, net of tax of $(23), $1,548, $(30), $4,013 for the three and nine month periods, respectively		(40	)		2,706		(52	)		7,012
Other comprehensive income (loss), net of tax		24,269			49,634		(6,592	)		20,568
Comprehensive income (loss)		71,077			71,564		110,090			(198,111	)
Less: comprehensive income attributable to noncontrolling interest		128			394		372			744
Comprehensive income (loss) attributable to common shareholders	$	70,949		$	71,170	$	109,718		$	(198,855	)

The accompanying notes are an integral part of the condensed consolidated financial statements.

3

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

	September 29, 2013		December 31, 2012
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	326,437	$	337,039
Accounts receivable, net		313,706		297,976
Inventories, net		346,116		323,347
Prepaid expenses and other current assets		33,393		28,712
Prepaid taxes		36,239		27,160
Deferred tax assets		44,122		46,882
Assets held for sale		10,435		7,963
Total current assets		1,110,448		1,069,079
Property, plant and equipment, net		320,542		297,945
Goodwill		1,241,393		1,249,456
Intangible assets, net		1,048,154		1,058,792
Investments in affiliates		1,703		2,066
Deferred tax assets		932		296
Other assets		65,191		61,863
Total assets	$	3,788,363	$	3,739,497
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	4,700	$	4,700
Accounts payable		70,783		75,165
Accrued expenses		77,760		65,064
Current portion of contingent consideration		4,708		23,693
Payroll and benefit-related liabilities		66,104		74,586
Accrued interest		8,983		9,418
Income taxes payable		20,964		15,573
Other current liabilities		13,823		6,206
Total current liabilities		267,825		274,405
Long-term borrowings		980,688		965,280
Deferred tax liabilities		417,078		419,266
Pension and postretirement benefit liabilities		153,966		170,946
Noncurrent liability for uncertain tax positions		58,662		68,292
Other liabilities		47,882		59,771
Total liabilities		1,926,101		1,957,960
Commitments and contingencies
Total common shareholders’ equity		1,860,039		1,778,950
Noncontrolling interest		2,223		2,587
Total equity		1,862,262		1,781,537
Total liabilities and equity	$	3,788,363	$	3,739,497

The accompanying notes are an integral part of the condensed consolidated financial statements.

4

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Nine Months Ended
	September 29, 2013			September 30, 2012
	(Dollars in thousands)
Cash Flows from Operating Activities of Continuing Operations:
Net income (loss)	$	116,682		$	(218,679	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss from discontinued operations		199			6,283
Depreciation expense		30,735			26,159
Amortization expense of intangible assets		37,072			32,263
Amortization expense of deferred financing costs and debt discount		11,228			10,739
Loss on extinguishments of debt		1,250			—
Impairment of long-lived assets		3,354			—
Stock-based compensation		8,426			6,170
In-process research and development impairment		4,494			—
Gain on sales of businesses and assets		—			(332	)
Goodwill impairment		—			332,128
Deferred income taxes, net		(457	)		(27,217	)
Other		(24,442	)		(2,442	)
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:
Accounts receivable		(12,395	)		1,934
Inventories		(23,576	)		(4,619	)
Prepaid expenses and other current assets		(5,420	)		10,144
Accounts payable and accrued expenses		(2,113	)		(2,047	)
Income taxes receivable and payable, net		(10,820	)		(31,352	)
Net cash provided by operating activities from continuing operations		134,217			139,132
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(54,640	)		(46,092	)
Proceeds from sales of businesses and assets, net of cash sold		—			66,605
Investments in affiliates		(50	)		(80	)
Payments for businesses and intangibles acquired, net of cash acquired		(40,450	)		(55,697	)
Net cash used in investing activities from continuing operations		(95,140	)		(35,264	)
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		382,000			—
Repayment of long-term borrowings		(375,000	)		—
Debt extinguishment, issuance and amendment fees		(6,365	)		—
Decrease in notes payable and current borrowings		—			(706	)
Proceeds from stock compensation plans		6,395			7,714
Payments for contingent consideration		(16,367	)		(6,930	)
Payments to noncontrolling interest shareholders		(736	)		—
Dividends		(41,915	)		(41,661	)
Net cash used in financing activities from continuing operations		(51,988	)		(41,583	)
Cash Flows from Discontinued Operations:
Net cash used in operating activities		(2,167	)		(6,477	)
Net cash used in investing activities		—			(2,351	)
Net cash used in discontinued operations		(2,167	)		(8,828	)
Effect of exchange rate changes on cash and cash equivalents		4,476			(2,716	)
Net (decrease) increase in cash and cash equivalents		(10,602	)		50,741
Cash and cash equivalents at the beginning of the period		337,039			584,088
Cash and cash equivalents at the end of the period	$	326,437		$	634,829

The accompanying notes are an integral part of the condensed consolidated financial statements.

5

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(Unaudited)

	Common Stock				Additional Paid in Capital			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock						Noncontrolling Interest			Total Equity
	Shares		Dollars											Shares			Dollars
	(Dollars and shares in thousands, except per share)
Balance at December 31, 2011		42,923	$	42,923	$	380,965		$	1,847,106		$	(159,353	)		2,183		$	(131,053	)	$	2,195		$	1,982,783
Net income (loss)									(219,380	)											701			(218,679	)
Cash dividends ($1.02 per share)									(41,661	)														(41,661	)
Other comprehensive income												20,525									43			20,568
Distributions to noncontrolling interest shareholders																					(496	)		(496	)
Shares issued under compensation plans		147		147		10,221									(39	)		2,410						12,778
Deferred compensation						(10	)								(4	)		116						106
Balance at September 30, 2012		43,070	$	43,070	$	391,176		$	1,586,065		$	(138,828	)		2,140		$	(128,527	)	$	2,443		$	1,755,399

	Common Stock				Additional Paid in Capital			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock						Noncontrolling Interest			Total Equity
	Shares		Dollars											Shares			Dollars
	(Dollars and shares in thousands, except per share)
Balance at December 31, 2012		43,102	$	43,102	$	394,384		$	1,601,460		$	(132,048	)		2,130		$	(127,948	)	$	2,587		$	1,781,537
Net income									116,053												629			116,682
Cash dividends ($1.02 per share)									(41,915	)														(41,915	)
Other comprehensive loss												(6,335	)								(257	)		(6,592	)
Distributions to noncontrolling interest shareholders																					(736	)		(736	)
Shares issued under compensation plans		116		116		10,416									(55	)		2,708						13,240
Deferred compensation						(9	)								(1	)		55						46
Balance at September 29, 2013		43,218	$	43,218	$	404,791		$	1,675,598		$	(138,383	)		2,074		$	(125,185	)	$	2,223		$	1,862,262

The accompanying notes are an integral part of the condensed consolidated financial statements.

6

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

Note 1 — Basis of presentation

We prepared the accompanying unaudited condensed consolidated financial statements of Teleflex Incorporated on the same basis as our annual consolidated financial statements.

In the opinion of management, our financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair presentation of financial statements for interim periods in accordance with U.S. generally accepted accounting principles (GAAP) and with Rule 10-01 of SEC Regulation S-X, which sets forth the instructions for financial statements included in Form 10-Q. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our financial statements, as well as the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.

In accordance with applicable accounting standards, the accompanying condensed consolidated financial statements do not include all of the information and footnote disclosures that are required to be included in our annual consolidated financial statements. The year-end condensed balance sheet data was derived from audited financial statements, but, as permitted by Rule 10-01 of SEC Regulation S-X, does not include all disclosures required by GAAP for complete financial statements. Accordingly, our quarterly condensed consolidated financial statements should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2012.

The Company revised its Condensed Consolidated Statement of Cash Flows in the second quarter ended June 30, 2013 to reflect contingent consideration payments related to businesses acquired as a cash outflow from financing activities of continuing operations, thereby correcting a presentation error in previous filings. Since 2011, these payments were reflected as a cash outflow from investing activities of continuing operations. The Company has revised the Condensed Consolidated Statement of Cash Flows for the nine months ended September 30, 2012 to reflect $6.9 million of contingent consideration payments as cash outflows from financing activities, as the payments were incorrectly reported as cash outflows from investing activities in previous filings. Additionally, the Company will reclassify, in future filings containing prior period financial statements and in the same manner as described above, the following contingent consideration payments related to businesses acquired: $5.9 million during the twelve months ended December 31, 2011, $17.6 million during the twelve months ended December 31, 2012 and $7.2 million during the three months ended March 31, 2013. This change does not affect the Company’s condensed consolidated balance sheet, statement of operations and comprehensive income or statement of changes in stockholders’ equity. Moreover the reclassifications resulting from the change were not considered material to any previously issued financial statements.

As used in this report, the terms “we,” “us,” “our,” “Teleflex” and the “Company” mean Teleflex Incorporated and its subsidiaries, unless the context indicates otherwise. The results of operations for the periods reported are not necessarily indicative of those that may be expected for a full year.

Note 2 — New accounting standards

The Company adopted the following new accounting standard as of January 1, 2013, the first day of its 2013 fiscal year:

In February 2013, the Financial Accounting Standards Board (“FASB”) issued an amendment to its accounting guidance on reporting amounts reclassified out of accumulated other comprehensive income.

7

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The guidance requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items, on the face of the statement where net income is presented, or in the notes to the financial statements, if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about the effect of the reclassifications. The guidance was effective prospectively for reporting periods beginning after December 15, 2012. Refer to Note 11, “Shareholders Equity,” for new disclosures resulting from the adoption of this amendment.

In January 2013, the FASB issued an amendment to its accounting guidance to clarify the scope of disclosure requirements pertaining to offsetting assets and liabilities mandated by an earlier accounting pronouncement. The amended guidance limited the scope of the required disclosures to derivatives accounted for in accordance with the FASB’s Derivatives and Hedging guidance, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements and certain securities borrowing and securities lending transactions, that are offset in the financial statements in accordance with specified accounting guidance or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are no longer applicable to entities with other types of financial assets and financial liabilities subject to a master netting arrangement or similar agreement. The guidance was effective for reporting periods beginning on or after January 1, 2013. The amendment did not have a material impact on the Company’s results of operations, cash flows or financial position. 

The Company will adopt the following new accounting standards as of January 1, 2014, the first day of its 2014 fiscal year:

In March 2013, the FASB issued an amendment which clarified that when a reporting entity ceases to have a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity, the reporting entity is required to reclassify cumulative foreign currency translation adjustment from accumulated other comprehensive income into the calculation of gain or loss related to that foreign entity. Additionally, the amendment clarifies that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition), and that the cumulative translation adjustment should be released into net income upon the occurrence of those events. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The amendment is not expected to have a material impact on the Company’s results of operations, cash flows or financial position.

In July 2013, the FASB issued an amendment designed to eliminate a diversity in practice with respect to the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or tax credit carryforward exists. The amendment requires an entity to net an unrecognized tax benefit against the deferred tax asset for a net operating loss carryforward, similar tax loss, or tax credit carryforward. However, such netting will not occur (and the unrecognized tax benefit will be presented in the financial statements as a liability) to the extent that a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The Company is assessing the new guidance, however, the Company does not expect the amendment to have a material impact on the Company’s results of operations, cash flows or financial position. 

8

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Note 3 — Acquisitions

The Company made the following acquisitions during 2013, all of which were accounted for as business combinations:

• On June 11, 2013, the Company acquired the assets of Ultimate Medical Pty. Ltd. and its affiliates, a supplier of airway management devices with a related portfolio of patented products. This acquisition complements the anesthesia product portfolio in the Company’s Critical Care division.

• On June 6, 2013, the Company acquired Eon Surgical, Ltd., a developer of a minimally invasive microlaparoscopy surgical platform technology designed to enhance a surgeon’s ability to perform scarless surgery while producing better patient outcomes. This technology complements the product portfolio of the Company’s Surgical Care division.

The total fair value of consideration for the 2013 acquisitions is estimated at $38.5 million. Transaction expenses associated with the acquisitions, which are included in selling, general and administrative expenses on the consolidated statements of income (loss) were $0.1 million and $0.7 million for the three and nine months ended September 29, 2013, respectively. For both the three and nine month periods ended September 29, 2013, the Company has recorded revenue of approximately $1.2 million related to the businesses acquired in 2013. For the three month period ended September 29, 2013, the Company has recorded approximately $0.2 million of operating profit related to the businesses acquired in 2013. For the nine months ended September 29, 2013, operating profit related to these acquired businesses was nominal. The results of operations of the acquired businesses and assets are included in the consolidated statements of income (loss) from their respective acquisition date. Pro forma information is not presented as the operations of the acquired businesses are not significant to the overall operations of the Company.

In connection with these acquisitions, the Company recorded a liability of $2.8 million related to expected post-closing obligations associated with the acquired businesses, which expense is reflected in restructuring and impairment charges for the nine months ended September 29, 2013.

The following table presents the purchase price allocation among the assets acquired and liabilities assumed in the acquisitions that occurred during 2013:

	(Dollars in millions)
Assets
Current assets	$	3.8
Property, plant and equipment		0.5
Intangible assets:
Intellectual property		2.2
Tradenames		1.1
In-process research and development		19.9
Customer lists		8.4
Goodwill		9.6
Total assets acquired		45.5
Less:
Current liabilities		2.0
Deferred tax liabilities		5.0
Liabilities assumed		7.0
Net assets acquired	$	38.5

9

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The Company is continuing to evaluate the initial purchase price allocation of the 2013 acquisitions. Further adjustments may be necessary as a result of the Company’s assessment of additional information related to the fair values of assets acquired and liabilities assumed, primarily related to certain tangible assets, deferred tax assets and liabilities and goodwill.

Among the acquired assets, intellectual property has a useful life of 10 years, customer lists have a useful life of 16 years and finite tradenames have useful lives ranging from 1 to 10 years. In-process research and development (“IPR&D”) has an indefinite life and is not amortized until development of the related project is completed, at which time the IPR&D becomes an amortizable asset. If the related project is not completed in a timely manner, the Company may incur an impairment charge related to the IPR&D, calculated as the excess of the asset’s carrying value over its fair value. The goodwill resulting from the acquisitions primarily reflects the expected revenue growth attributable to anticipated increased market penetration from acquired and future products and customers. Goodwill and the step-up in basis of the intangible assets in connection with stock acquisitions are not deductible for tax purposes.

The Company made the following acquisitions during 2012, all of which were accounted for as business combinations:

• On October 23, 2012, the Company acquired substantially all of the assets of LMA International N.V. (“LMA”), a global provider of laryngeal masks whose products are used in anesthesia and emergency care. On October 23, 2012, in a separate transaction, the Company also acquired the LMA branded laryngeal mask supraglottic airway business and certain other products in the United Kingdom, Ireland and Channel Islands from the shareholders of Intravent Direct Limited and affiliates. These acquisitions complement the anesthesia product portfolio in the Company’s Critical Care division.

• On June 22, 2012, the Company acquired Hotspur Technologies Inc., a developer of catheter-based technologies designed to restore blood flow in patients with obstructed vessels. The acquired business complements the dialysis access product line in the Company’s Cardiac Care division.

• On May 22, 2012, the Company acquired Semprus BioSciences Corp., a biomedical company that developed a long-lasting, covalently bonded, non-leaching polymer designed to reduce infections and thrombus related complications. While the Company will explore opportunities to apply this technology to a broad array of its product offerings, the initial focus for the technology will be on vascular devices within the Company’s Critical Care division.

• On May 3, 2012, the Company acquired substantially all of the assets of Axiom Technology Partners, LLC (the “Axiom acquisition”), constituting its EFx laparoscopic fascial closure system, which is designed for the closure of abdominal trocar defects through which access ports and instruments were used during laparoscopic surgeries. The acquired business complements the surgical closure product line in the Company’s Surgical Care division.

• On April 5, 2012, the Company acquired the EZ-Blocker product line, a single-use catheter used to perform lung isolation and one-lung ventilation. The acquisition of this product line complements the Anesthesia product portfolio in the Company’s Critical Care division.

In connection with the acquisitions, the Company agreed to pay contingent consideration based on the achievement of specified objectives, including the receipt of regulatory approvals and achievement of sales targets. The aggregate fair value of consideration for the 2012 acquisitions, based on the estimated fair values at the respective acquisition dates, was estimated at $422.2 million, which included the initial payments of $367.9 million in cash and the estimated fair value of the contingent consideration of $55.8 million, partially offset by a $1.5 million favorable working capital adjustment. The Company recorded $227.5 million of intangible assets and $152.8 million of goodwill related to these acquisitions. As of September 29, 2013, the

10

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Company has made aggregate contingent consideration payments of $26 million related to these acquisitions. The range of remaining undiscounted contingent consideration the Company could be required to pay is zero to $62 million. For further information on contingent consideration, see Note 10, “Fair Value Measurement.”

Note 4 — Restructuring and other impairment charges

The amounts recognized in restructuring and other impairment charges for the three and nine months ended September 29, 2013 and September 30, 2012 consisted of the following:

	Three Months Ended					Nine Months Ended
	September 29, 2013		September 30, 2012			September 29, 2013		September 30, 2012
	(Dollars in thousands)
LMA restructuring program	$	1,768	$	—		$	8,364	$	—
2013 restructuring charges		826		—			8,656		—
2012 restructuring charges		1,098		1,107			4,164		1,978
2011 restructuring program		—		(60	)		—		(60	)
2007 Arrow integration program		38		41			173		(1,834	)
Long-lived asset impairment		3,354		—			3,354		—
In-process research and development impairment		—		—			4,494		—
Restructuring and other impairment charges	$	7,084	$	1,088		$	29,205	$	84

LMA Restructuring Program

In connection with the acquisition of LMA, the Company formulated a plan related to the integration of the LMA business and the Company’s businesses. The integration plan focuses on the closure of the LMA business’ corporate functions and the consolidation of manufacturing, sales, marketing, and distribution functions in North America, Europe and Asia. The charges associated with this restructuring program that are included in restructuring and other impairment charges during the three and nine month periods ended September 29, 2013 were as follows:

	Three Months Ended September 29, 2013		Nine Months  Ended September 29, 2013
	(Dollars in thousands)
Termination benefits	$	492	$	3,318
Facility closure costs		162		536
Contract termination costs		1,097		4,378
Other restructuring costs		17		132
	$	1,768	$	8,364

11

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

A reconciliation of the changes in accrued liabilities associated with the LMA restructuring program from December 31, 2012 through September 29, 2013 is set forth in the following table:

	Termination benefits			Facility Closure Costs			Contract Termination Costs			Other Restructuring Costs			Total
	(Dollars in thousands)
Balance at December 31, 2012	$	1,744		$	—		$	277		$	12		$	2,033
Subsequent accruals		3,318			536			4,378			132			8,364
Cash payments		(3,890	)		(233	)		(3,922	)		(85	)		(8,130	)
Foreign currency translation		(17	)		—			67			(6	)		44
Balance at September 29, 2013	$	1,155		$	303		$	800		$	53		$	2,311

As of September 29, 2013, the Company expects to incur additional restructuring charges of approximately $7 million over the next year primarily related to the termination of certain distributor agreements.

2013 Restructuring Charges

The Company regularly evaluates opportunities to consolidate facilities, lower costs and improve operating efficiencies. In 2013, the Company initiated programs to consolidate manufacturing facilities in North America and warehouse facilities in Europe and terminate certain European distributor agreements in an effort to reduce costs. As a result of these actions, the Company has and will incur costs related to reductions in force, facility closure, contract termination and other costs. For the three and nine month periods ended September 29, 2013, the Company incurred restructuring charges of $0.8 million and $8.7 million, respectively, primarily related to reductions in force, contract termination costs and charges related to expected post-closing obligations associated with its acquired businesses. As of September 29, 2013, the Company has a reserve of $3.0 million in connection with these projects.

2012 Restructuring Charges

In 2012, the Company identified opportunities to improve its supply chain strategy by consolidating its three North American warehouses into one centralized warehouse; and lower costs and improve operating efficiencies through the termination of certain distributor agreements in Europe, the closure of certain North American facilities and workforce reductions. These projects will entail costs related to reductions in force, contract terminations related distributor agreements and leases, and facility closure and other costs. For the three and nine month periods ended September 29, 2013, the Company incurred restructuring charges of $1.1 million and $4.2 million, respectively, related to the aforementioned cost categories. As of September 29, 2013, the Company has a reserve of $2.5 million in connection with these projects.

2011 Restructuring Program

In 2011, the Company initiated a restructuring program at three facilities to consolidate operations and reduce costs. As of September 29, 2013, in connection with this program, the Company has a reserve of $1.3 million, which primarily relates to contract termination costs associated with a leased facility that the Company has partially vacated. The Company expects to incur additional contract termination costs of approximately $2.7 million associated with the lease termination when it has vacated the remaining portion of the premises in 2014. The payment of the lease contract termination costs will continue until 2015.

12

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

2007 Arrow Integration Program

In connection with the Company’s acquisition of Arrow International, Inc. (“Arrow”), the Company implemented a program in 2007 to integrate Arrow’s businesses into the Company’s other businesses. The aspects of this program that affect Teleflex employees and facilities (such aspects being referred to as the “2007 Arrow integration program”) are charged to earnings and classified as restructuring and impairment charges. As of September 29, 2013, the Company has a reserve of $0.4 million in connection with this program. The following table provides information relating to the charges associated with the 2007 Arrow integration program that were included in restructuring and other impairment charges in the condensed consolidated statements of income (loss) for the periods presented:

	Three Months Ended				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(Dollars in thousands)
Facility closure costs	$	38	$	41	$	173	$	189
Contract termination costs		—		—		—		(2,023	)
	$	38	$	41	$	173	$	(1,834	)

In 2012, the Company reversed approximately $2.0 million of contract termination costs related to a settlement of a dispute involving the termination of a European distributor agreement that was established in connection with the Company’s acquisition of Arrow.

As of September 29, 2013, the Company expects future restructuring expenses associated with the 2007 Arrow integration program, if any, to be nominal.

Impairment Charges

In-process research and development impairment

In the first quarter of 2013, the Company recorded a $4.5 million IPR&D charge pertaining to a research and development project associated with the Axiom acquisition because technological feasibility had not yet been achieved and the Company determined that the subject technology had no future alternative use.

Long-lived asset impairment

In the third quarter of 2013, the Company recorded $3.4 million in impairment charges related to assets held for sale that had a carrying value in excess of their appraised fair value.

Note 5 — Impairment of goodwill

In the first quarter of 2012, due to a change in the Company’s reporting structure, the Company performed goodwill impairment tests and determined that three of the reporting units in the North America Segment were impaired. The Company recorded goodwill impairment charges of $220 million in the Vascular reporting unit, $107 million in the Anesthesia/Respiratory reporting unit and $5 million in the Cardiac reporting unit. For further information on the goodwill impairment, see Note 5 to the Company’s 2012 consolidated financial statements included in its annual report on Form 10-K for the year ended December 31, 2012.

13

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Note 6 — Inventories, net

Inventories as of September 29, 2013 and December 31, 2012 consisted of the following:

	September 29, 2013			December 31, 2012
	(Dollars in thousands)
Raw materials	$	71,751		$	84,636
Work-in-process		56,541			47,440
Finished goods		249,514			222,974
		377,806			355,050
Less: Inventory reserve		(31,690	)		(31,703	)
Inventories, net	$	346,116		$	323,347

Note 7 — Goodwill and other intangible assets, net

The following table provides information relating to changes in the carrying amount of goodwill, by reportable segment, for the nine months ended September 29, 2013:

	Americas Segment			EMEA Segment			Asia Segment			Total
	(Dollars in thousands)
Balance as of December 31, 2012
Goodwill	$	1,086,707		$	353,282		$	141,595		$	1,581,584
Accumulated impairment losses		(332,128	)		—			—			(332,128	)
		754,579			353,282			141,595			1,249,456
Goodwill related to acquisitions		4,374			5,270			—			9,644
Purchase accounting adjustment(1)		(9,107	)		—			(2,126	)		(11,233	)
Translation adjustment		71			(164	)		(6,381	)		(6,474	)
Balance as of September 29, 2013
Goodwill		1,082,045			358,388			133,088			1,573,521
Accumulated impairment losses		(332,128	)		—			—			(332,128	)
	$	749,917		$	358,388		$	133,088		$	1,241,393

(1) Purchase accounting adjustments related primarily to the finalization of the purchase price allocation for the LMA acquisition.

14

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The following table provides information, as of September 29, 2013 and December 31, 2012, regarding the gross carrying amount of, and accumulated amortization relating to, intangible assets, net:

	Gross Carrying Amount				Accumulated Amortization
	September 29, 2013		December 31, 2012		September 29, 2013			December 31, 2012
	(Dollars in thousands)
Customer relationships	$	586,790	$	580,151	$	(161,357	)	$	(141,520	)
In-process research and development (“IPR&D”)		71,634		53,157		—			—
Intellectual property		278,263		276,458		(111,602	)		(95,967	)
Distribution rights		16,708		16,567		(14,383	)		(13,880	)
Trade names		382,822		384,131		(1,029	)		(305	)
Noncompete agreements		337		—		(29	)		—
	$	1,336,554	$	1,310,464	$	(288,400	)	$	(251,672	)

During the first quarter of 2013, the Company recorded a $4.5 million IPR&D charge. See Note 4, “Restructuring and other impairment charges – In-process research and development impairment” for additional information.

At the beginning of 2013, due to a Company rebranding strategy, the Company reassessed the useful life of its Taut tradename, which had a carrying value of $4.5 million at January 1, 2013, and reclassified it from an indefinite lived intangible asset to a finite lived intangible asset with a useful life of eight years.

Amortization expense related to intangible assets was $12.5 million and $11.1 million for the three months ended September 29, 2013 and September 30, 2012, respectively, and $37.1 million and $32.3 million for the nine months ended September 29, 2013 and September 30, 2012, respectively. Estimated annual amortization expense for the remainder of 2013 and the next four succeeding years is as follows (dollars in thousands):

2013	$	12,700
2014		46,900
2015		44,900
2016		44,500
2017		44,100

15

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Note 8 — Borrowings

The components of long-term debt at September 29, 2013 and December 31, 2012 are as follows:

	September 29, 2013			December 31, 2012
	(Dollars in thousands)
Senior Credit Facility:
Revolving credit facility, at a rate of 1.93% at September 29, 2013, due 7/16/2018	$	382,000		$	—
Term loan facility, at a rate of 2.75% at December 31, 2012, due 10/1/2014		—			375,000
3.875% Convertible Senior Subordinated Notes due 2017		400,000			400,000
6.875% Senior Subordinated Notes due 2019		250,000			250,000
		1,032,000			1,025,000
Less: Unamortized debt discount on 3.875% Convertible Senior Subordinated Notes due 2017		(51,312	)		(59,720	)
	$	980,688		$	965,280

Senior Credit Facility

On July 16, 2013, the Company replaced its $775 million senior credit facility comprised of a $375 million term loan and a $400 million revolving credit facility with a new $850 million senior credit facility consisting solely of a revolving credit facility. In connection with this transaction, the Company incurred transaction fees of $6.4 million, which were recorded as a deferred asset and will be amortized over the term of the facility. Additionally, during the third quarter of 2013, in connection with the early repayment of its $375 million term loan, the Company recognized expense of approximately $1.3 million resulting from the write-off of unamortized debt issuance costs.

The new $850 million senior credit facility bears interest at an applicable rate elected by the Company generally equal to either the “base rate” (the greater of either the federal funds effective rate plus 0.5%, the prime rate or one month LIBOR plus 1.0%) plus an applicable margin of 0.25% to 1.00%, or a “LIBOR rate” for the period corresponding to the applicable interest period of the borrowings plus an applicable margin of 1.25% to 2.00%. As of September 29, 2013, the interest rate on the $850 million senior credit facility was 1.93% (comprised of a LIBOR rate of 0.18% plus a margin of 1.75%).

Convertible Notes

The Company’s 3.875% Convertible Notes are convertible under certain circumstances, including upon the attainment of a closing price per share of its common stock that is at least 130% of the conversion price (approximately $79.72) for at least 20 trading days during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter. The Company’s closing stock price has recently approached the 130% threshold, which increases the possibility that the Convertible Notes could become convertible in the near future, at which point the Convertible Notes would be classified as a current liability. The Company has elected a net settlement method to satisfy its conversion obligation, under which the Company may settle the principal amount of the Convertible Notes in cash and settle the excess conversion value in shares, plus cash in lieu of fractional shares.

16

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Fair Value of Long-Term Debt

The carrying amount of long-term debt reported in the consolidated balance sheet as of September 29, 2013 is $980.7 million. The Company uses a discounted cash flow technique that incorporates a market interest yield curve with adjustments for duration, optionality, and risk profile to determine the fair value of its debt. The Company’s implied credit rating is a factor in determining the market interest yield curve. The following table provides the fair value of the Company’s debt as of September 29, 2013, categorized by fair value hierarchy level (see Note 12, “Fair value measurement,” in the Company’s annual report on Form 10-K for the year ended December 31, 2012 for further information) :

	Fair value of debt
	(Dollars in thousands)
Level 1	$	824,748
Level 2		367,918
Total	$	1,192,666

Debt Maturities

As of September 29, 2013, the aggregate amounts of long-term debt, demand loans and debt under the Company’s securitization program that will mature during the remainder of 2013, during each of the next three fiscal years and thereafter were as follows:

	(Dollars in thousands)
2013	$	4,700
2014		—
2015		—
2016		—
2017 and thereafter		1,032,000

Note 9 — Financial instruments

The Company uses derivative instruments for risk management purposes. Forward rate contracts are used to manage foreign currency transaction exposure. These derivative instruments are designated as cash flow hedges and are recorded on the balance sheet at fair market value. The effective portion of the gains or losses on derivatives is reported as a component of other comprehensive income and thereafter is recognized in the statement of income (loss) in the period or periods during which the hedged transaction affects earnings. Gains and losses on the derivatives representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. See Note 10, “Fair value measurement” for additional information.

17

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The following table presents the location and fair values of derivative instruments designated as hedging instruments in the condensed consolidated balance sheet as of September 29, 2013 and December 31, 2012:

	September 29, 2013 Fair Value		December 31, 2012 Fair Value
	(Dollars in thousands)
Asset derivatives:
Foreign exchange contracts:
Prepaid expenses and other current assets	$	184	$	1,279
Total asset derivatives	$	184	$	1,279
Liability derivatives:
Foreign exchange contracts:
Other current liabilities	$	1,171	$	598
Total liability derivatives	$	1,171	$	598

The following table provides information as to the gains and losses attributable to derivatives in cash flow hedging relationships that were reported in other comprehensive income (“OCI”) for the three and nine months ended September 29, 2013 and September 30, 2012:

	After Tax Gain/(Loss) Recognized in OCI
	Three Months Ended					Nine Months Ended
	September 29, 2013			September 30, 2012		September 29, 2013			September 30, 2012
	(Dollars in thousands)
Interest rate swap	$	—		$	2,329	$	—		$	7,032
Foreign exchange contracts		(40	)		377		(52	)		(20	)
Total	$	(40	)	$	2,706	$	(52	)	$	7,012

See Note 11 for information on the location and amount of gains and losses attributable to derivatives that were reclassified from accumulated other comprehensive income (“AOCI”) to expense (income), net of tax.

There was no ineffectiveness related to the Company’s derivatives used during the three and nine months ended September 29, 2013 and September 30, 2012.

Based on exchange rates at September 29, 2013, approximately $0.4 million of unrealized losses, net of tax, within AOCI are expected to be reclassified from AOCI to the statement of income (loss) during the next three months. However, the actual amount reclassified from AOCI could vary due to future changes in exchange rates.

In 2011, the Company terminated its interest rate swap covering a notional amount of $350 million designated as a hedge against the variability of the cash flows in the interest payments under the Company’s term loan. The $11.7 million pre-tax value of the interest rate swap was amortized as interest expense over the remaining term of the hedge agreement. As of the end of the third quarter of 2012, all unrealized losses within AOCI associated with this interest rate swap were reclassified into the statement of income (loss).

18

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Concentration of Credit Risk

Concentrations of credit risk with respect to trade accounts receivable are generally limited due to the Company’s large number of customers and their diversity across many geographic areas. A portion of the Company’s trade accounts receivable outside the United States, however, include sales to government-owned or supported healthcare systems in several countries which are subject to payment delays. Payment is dependent upon the financial stability and creditworthiness of those countries’ economies.

In the ordinary course of business, the Company grants non-interest bearing trade credit to its customers on normal credit terms. In an effort to reduce its credit risk, the Company (i) establishes credit limits for all of its customer relationships, (ii) performs ongoing credit evaluations of its customers’ financial condition, (iii) monitors the payment history and aging of its customers’ receivables, and (iv) monitors open orders against an individual customer’s outstanding receivable balance.

An allowance for doubtful accounts is maintained for accounts receivable based on the Company’s historical collection experience and expected collectability of the accounts receivable, considering the period an account is outstanding, the financial position of the customer and information provided by credit rating services. The adequacy of this allowance is reviewed each reporting period and adjusted as necessary.

In light of the disruptions in global economic markets, the Company instituted enhanced measures, within countries where the Company has collectability concerns, to facilitate customer-by-customer risk assessment when estimating the allowance for doubtful accounts. Such measures included, among others, monthly credit control committee meetings, at which customer credit risks are identified after review of, among other things, accounts that exceed specified credit limits, payment delinquencies and other customer issues. In addition, for some of the Company’s non-government customers, the Company instituted measures designed to reduce its risk exposures, including issuing dunning letters, reducing credit limits, requiring that payments accompany orders and instituting legal action with respect to delinquent accounts. With respect to government customers, the Company evaluates receivables for potential collection risks associated with the availability of government funding and reimbursement practices.

Some of the Company’s customers, particularly in Europe, have extended or delayed payments for products and services already provided. Collectability concerns regarding the Company’s accounts receivable from these customers, for the most part in Greece, Italy, Spain and Portugal, resulted in an increase in the allowance for doubtful accounts related to these countries. If the financial condition of these customers or the healthcare systems in these countries continue to deteriorate such that the ability of an increasing number of customers to make payments is uncertain, additional allowances may be required in future periods. The Company’s aggregate accounts receivable, net of the allowance for doubtful accounts, in Spain, Italy, Greece and Portugal and the percentage of the Company’s total accounts receivable, net of the allowance for doubtful accounts, represented by the net accounts receivable in those countries at September 29, 2013 and December 31, 2012 are as follows:

	September 29, 2013			December 31, 2012
	(Dollars in thousands)
Accounts receivable (net of allowances of $8.4 million and $6.3 million at September 29, 2013 and December 31, 2012, respectively) in Spain, Italy, Greece and Portugal	$	106,571		$	101,009
Percentage of total accounts receivable, net		34	%		34	%

For the nine months ended September 29, 2013 and September 30, 2012, net revenues from customers in Spain, Italy, Greece and Portugal were $106.3 million and $101.4 million, respectively.

19

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Note 10 — Fair value measurement

For a description of the fair value hierarchy, see Note 11 to the Company’s 2012 consolidated financial statements included in its annual report on Form 10-K for the year ended December 31, 2012.

The following tables provide information regarding the financial assets and liabilities carried at fair value measured on a recurring basis as of September 29, 2013 and December 31, 2012:

	Total carrying value at September 29, 2013		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	5,646	$	5,646	$	—	$	—
Derivative assets		184		—		184		—
Derivative liabilities		1,171		—		1,171		—
Contingent consideration liabilities		20,610		—		—		20,610

	Total carrying value at December 31, 2012		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	4,785	$	4,785	$	—	$	—
Derivative assets		1,279		—		1,279		—
Derivative liabilities		598		—		598		—
Contingent consideration liabilities		51,196		—		—		51,196

There were no transfers of financial assets or liabilities carried at fair value among Level 1, Level 2 or Level 3 within the fair value hierarchy during the nine months ended September 29, 2013.

The following table provides information regarding changes in Level 3 financial liabilities related to contingent consideration in connection with various Company acquisitions, including those described in Note 3, during the period ended September 29, 2013:

	Contingent consideration
	2013
	(Dollars in thousands)
Balance — January 1, 2013	$	51,196
Payment		(18,177	)
Revaluations		(12,387	)
Translation adjustment		(22	)
Balance — September 29, 2013	$	20,610

The Company reduced contingent consideration liabilities and selling, general and administrative expense by approximately $4.4 million and $12.4 million for the three and nine month periods ended September 29, 2013, respectively, and $0.7 million for the nine month period ended September 30, 2012 after determining that certain conditions for the payment of certain contingent consideration would not be satisfied.

In the third quarter of 2013, the Company recorded a long-lived asset impairment charge of $3.4 million based on Level 3 inputs. See Note 4 for a discussion of the long-lived asset impairment.

20

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

In the first quarter of 2012, the Company recorded a goodwill impairment charge of $332 million based on Level 3 inputs. See Note 5 for a discussion of the goodwill impairment.

Valuation Techniques

The Company’s financial assets valued based upon Level 1 inputs are comprised of investments in marketable securities held in trust, which are available to pay benefits under certain deferred compensation plans and other compensatory arrangements. The investment assets of the trust are valued using quoted market prices.

The Company’s financial assets and financial liabilities valued based upon Level 2 inputs are comprised of foreign currency forward contracts. The Company uses forward rate contracts to manage currency transaction exposure. The fair value of the foreign currency forward exchange contracts represents the amount required to enter into offsetting contracts with similar remaining maturities based on quoted market prices. The Company has taken into account the creditworthiness of the counterparties in measuring fair value.

The Company’s financial liabilities valued based upon Level 3 inputs are comprised of contingent consideration arrangements pertaining to the Company’s acquisitions. The Company accounts for contingent consideration in accordance with applicable guidance related to business combinations. In connection with several of its acquisitions, the Company agreed to pay contingent consideration upon the achievement of specified objectives, including receipt of regulatory approvals, achievement of sales targets and, in some instances, the passage of time (collectively, “milestone payments”), and therefore recorded contingent consideration liabilities at the time of the acquisitions. The Company is required to reevaluate the fair value of contingent consideration each reporting period based on new developments and record changes in fair value until such consideration is satisfied through payment upon the achievement of the specified objectives or is no longer payable due to failure to achieve the specified objectives.

It is estimated that milestone payments will occur in 2013 and may extend until 2018 or later. As of September 29, 2013, the range of undiscounted amounts the Company could be required to pay for contingent consideration arrangements is between zero and $77.7 million. The Company determines the fair value of the liabilities for the contingent consideration based on a probability-weighted discounted cash flow analysis. This fair value measurement is based on significant inputs not observable in the market and thus represents a Level 3 measurement within the fair value hierarchy. The fair value of the contingent consideration liability associated with future milestone payments was based on several factors including:

• estimated cash flows projected from the success of market launches;

• the estimated time and resources needed to complete the development of acquired technologies;

• the uncertainty of obtaining regulatory approvals within the required time periods; and

• the risk adjusted discount rate for fair value measurement.

The following table provides information regarding the valuation techniques and inputs used in determining the fair value of assets or liabilities categorized as Level 3 measurements:

	Valuation Technique	Unobservable Input	Range (Weighted Average)
Contingent consideration	Discounted cash flow	Discount rate		2%-10%(6%)
		Probability of payment		0%-100%(32%)

21

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

As of September 29, 2013, of the $20.6 million of total recorded liabilities for contingent consideration, the Company has recorded approximately $4.7 million in Current portion of contingent consideration and the remaining $15.9 million in Other liabilities.

Note 11 — Changes in shareholders’ equity

In 2007, the Company’s Board of Directors authorized the repurchase of up to $300 million of outstanding Company common stock. Repurchases of Company stock under the Board authorization may be made from time to time in the open market and may include privately-negotiated transactions as market conditions warrant and subject to regulatory considerations. The stock repurchase program has no expiration date and the Company’s ability to execute on the program will depend on, among other factors, cash requirements for acquisitions, cash generated from operations, debt repayment obligations, market conditions and regulatory requirements. In addition, under the Company’s senior credit agreements, the Company is subject to certain restrictions relating to its ability to repurchase shares in the event the Company’s consolidated leverage ratio (generally, the ratio of Consolidated Total Indebtedness to Consolidated EBITDA, as defined in the senior credit agreements) exceeds certain levels, which may limit the Company’s ability to repurchase shares under this Board authorization. Through September 29, 2013, no shares have been purchased under this Board authorization.

The following table provides a reconciliation of basic to diluted weighted average shares outstanding:

	Three Months Ended				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(Shares in thousands)
Basic		41,132		40,890		41,087		40,831
Dilutive effect of share based awards		383		274		383		—
Dilutive effect of 3.875% Convertible Notes and warrants		1,749		347		1,776		—
Diluted		43,264		41,511		43,246		40,831

The 3.875% Convertible Senior Subordinated Notes due 2017 are included in the dilutive net income per share calculation using the treasury stock method only during periods in which the average market price of our common stock is above the applicable conversion price of the Convertible Notes, or $61.32 per share, and, therefore, the impact of conversion would not be anti-dilutive. In these periods, under the treasury stock method, we calculate the number of shares issuable under the terms of these notes based on the average market price of the stock during the period, and include that number in the total diluted shares outstanding for the period.

In connection with the issuance of the Convertible Notes, the Company entered into convertible note hedge and warrant agreements. The convertible note hedge economically reduces the dilutive impact of the Convertible Notes. However, because the Company separately analyzes the impact of the convertible note hedge and the impact of the warrant agreements on diluted weighted average shares outstanding, the purchases of the convertible note hedges are excluded because their impact would be anti-dilutive. The anti-dilutive shares associated with the convertible note hedges are 1.4 million for both the three and nine month periods ended September 29, 2013, and 0.3 million and 0.1 million for the three and nine month periods ended September 30, 2012, respectively. The treasury stock method is applied when the warrants are in-the-money, assuming the proceeds from the exercise of the warrant are used to repurchase shares based on the average stock price during the period. The strike price of the warrants is approximately $74.65 per share of common stock. Shares issuable upon exercise of the warrants that were included in the total diluted shares outstanding was 0.3 million for both the three and nine month periods ended September 29, 2013. The warrants had no dilutive impact for the three

22

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

and nine month periods ended September 30, 2012. The total number of shares that could potentially be included if the warrants were exercised is approximately 7.4 million at September 29, 2013.

Weighted average stock options that were antidilutive and therefore not included in the calculation of earnings per share was approximately 8.0 million and 7.9 million for the three and nine month periods ended September 29, 2013, respectively, and approximately 8.4 million and 9.0 million for the three and nine month periods ended September 30, 2012, respectively.

The following tables provide information relating to the changes in accumulated other comprehensive income (loss), net of tax, for the nine months ended September 29, 2013 and September 30, 2012:

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2012	$	(381	)	$	(127,257	)	$	(4,410	)	$	(132,048	)
Other comprehensive income (loss) before reclassifications		(370	)		(762	)		(9,018	)		(10,150	)
Amounts reclassified from accumulated other comprehensive income (loss)		318			3,497			—			3,815
Net current-period other comprehensive income (loss)		(52	)		2,735			(9,018	)		(6,335	)
Balance at September 29, 2013	$	(433	)	$	(124,522	)	$	(13,428	)	$	(138,383	)

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2011	$	(7,257	)	$	(134,548	)	$	(17,548	)	$	(159,353	)
Other comprehensive income (loss) before reclassifications		551			(133	)		10,305			10,723
Amounts reclassified from accumulated other comprehensive income		6,461			3,341			—			9,802
Net current-period other comprehensive income		7,012			3,208			10,305			20,525
Balance at September 30, 2012	$	(245	)	$	(131,340	)	$	(7,243	)	$	(138,828	)

23

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The following table provides information relating to the reclassifications of losses/(gain) in accumulated other comprehensive income into expense/(income), net of tax, for the three and nine months ended September 29, 2013 and September 30, 2012:

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in thousands)
Gains and losses on cash flow hedges:
Interest Rate Contracts:
Interest expense	$	—		$	3,663		$	—		$	11,057
Foreign Exchange Contracts:
Cost of goods sold		850			13			154			(754	)
Total before tax		850			3,676			154			10,303
Tax expense (benefit)		(158	)		(1,364	)		164			(3,842	)
Net of tax	$	692		$	2,312		$	318		$	6,461
Amortization of pension and other postretirement benefits items:
Actuarial losses/(gains)(1)	$	1,696		$	1,707		$	5,460		$	5,125
Prior-service costs(1)		(4	)		(5	)		(15	)		(17	)
Transition obligation(1)		1			25			4			74
Curtailment charge(1)		—			—			—			111
Settlement charge(1)		—			—			—			(124	)
Total before tax		1,693			1,727			5,449			5,169
Tax expense (benefit)		(604	)		(611	)		(1,952	)		(1,828	)
Net of tax	$	1,089		$	1,116		$	3,497		$	3,341
Total reclassifications, net of tax	$	1,781		$	3,428		$	3,815		$	9,802

(1) These accumulated other comprehensive income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 13, “Pension and other postretirement benefits” for additional information).

Note 12 — Taxes on income from continuing operations

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
Effective income tax rate		10.2	%		22.8	%		14.0	%		(1.4	)%

The effective income tax rate for the three months and nine months ended September 29, 2013 was 10.2% and 14.0%, respectively, compared to 22.8% and (1.4)% for the three months and nine months ended September 30, 2012, respectively. The effective tax rate for the three months ended September 29, 2013 was impacted by the realization of net tax benefits resulting from the expiration of statutes of limitation for a U.S. matter and tax benefits associated with U.S. and foreign tax return filings. In addition to the aforementioned items, the nine months ended September 29, 2013 was impacted by the realization of net tax benefits resulting from the resolution of a foreign tax matter and the expiration of statutes of limitation for a U.S. state matter. The

24

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

effective income tax rate for the nine months ended September 30, 2012 was impacted by a $332 million goodwill impairment charge recorded in the first quarter of 2012, for which only $45 million was tax deductible.

Note 13 — Pension and other postretirement benefits

The Company has a number of defined benefit pension and postretirement plans covering eligible U.S. and non-U.S. employees. The defined benefit pension plans are noncontributory. The benefits under these plans are based primarily on years of service and employees’ pay near retirement. The Company’s funding policy for U.S. plans is to contribute annually, at a minimum, amounts required by applicable laws and regulations. Obligations under non-U.S. plans are systematically provided for by depositing funds with trustees or by book reserves. As of September 29, 2013, the Company’s U.S. defined benefit pension plans and the Company’s other postretirement benefit plans, except certain postretirement benefit plans covering employees subject to a collective bargaining agreement, are effectively frozen.

The Company and certain of its subsidiaries provide medical, dental and life insurance benefits to pensioners and survivors. The associated plans are unfunded and approved claims are paid from Company funds.

Net benefit cost of pension and postretirement benefit plans consisted of the following:

	Pension Three Months Ended						Postretirement Benefits Three Months Ended				Pension Nine Months Ended						Postretirement Benefits Nine Months Ended
	September  29, 2013			September  30, 2012			September  29, 2013		September  30, 2012		September  29, 2013			September  30, 2012			September  29, 2013		September  30, 2012
	(Dollars in thousands)
Service cost	$	432		$	696		$	176	$	159	$	1,361		$	2,085		$	501	$	475
Interest cost		4,333			4,115			543		473		12,614			12,366			2,084		1,419
Expected return on Plan assets		(5,784	)		(5,043	)		—		—		(17,328	)		(15,128	)		—		—
Net amortization and deferral		1,556			1,604			137		123		4,380			4,814			1,069		368
Settlement charge		—			—			—		—		—			(124	)		—		—
Curtailment charge		—			—			—		—		—			111			—		—
Net benefit cost	$	537		$	1,372		$	856	$	755	$	1,027		$	4,124		$	3,654	$	2,262

The Company’s pension contributions are expected to be approximately $17.5 million during 2013, of which $2.1 million and $15.7 million were made during the three and nine months ended September 29, 2013, respectively.

Note 14 — Commitments and contingent liabilities

Product warranty liability: The Company warrants to the original purchasers of certain of its products that it will, at its option, repair or replace such products, without charge, if they fail due to a manufacturing defect. Warranty periods vary by product. The Company has recourse provisions for certain products that would enable recovery from third parties for amounts paid under the warranty. The Company accrues for product warranties when, based on available information, it is probable that customers will make claims under warranties relating to products that have been sold, and a reasonable estimate of the costs (based on historical claims experience relative to sales) can be made. As of September 29, 2013, the Company has recorded approximately $0.3 million in accrued liabilities related to warranties.

25

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Operating leases: The Company uses various leased facilities and equipment in its operations. The terms for these leased assets vary depending on the terms of the applicable lease agreement. At September 29, 2013, the Company had no residual value guarantees related to its operating leases.

As of September 29, 2013, the Company has recorded approximately $6.5 million in property, plant and equipment representing the estimated fair value of the Company’s percentage of the costs to construct buildings under two separate build-to-suit leases. One build-to-suit lease relates to the Company’s corporate headquarters, which represents approximately $6.4 million of the asset recorded as of September 29, 2013. The corporate headquarters is expected to be completed in January 2014. The estimated fair value of the Company’s percentage of the costs to construct the corporate headquarters at the end of the construction period is $11.2 million. The second build-to-suit lease was entered into in August of 2013 and relates to a U.S. operating facility. Construction on the second build-to-suit facility commenced shortly before the end of the third quarter and is expected to be completed in October of 2014. The estimated fair value of the Company’s percentage of the construction costs to complete the second build-to-suit lease is approximately $23.0 million. For accounting purposes, the Company is deemed the owner of the asset during the construction period and is required to record the estimated fair value of the Company’s percentage of the construction costs as construction in progress during the construction period and a related current liability. These amounts do not reflect the Company’s cash obligations, but represent the landlord’s costs to construct the Company’s portion of the building and tenant improvements. Based on current expectations, the Company believes that there are no continuing involvement requirements that would prohibit the Company from derecognizing the assets and related liabilities upon commencement of the respective lease terms.

Environmental: The Company is subject to contingencies as a result of environmental laws and regulations that in the future may require the Company to take further action to correct the effects on the environment of prior disposal practices or releases of chemical or petroleum substances by the Company or other parties. Much of this liability results from the U.S. Comprehensive Environmental Response, Compensation and Liability Act, often referred to as Superfund, the U.S. Resource Conservation and Recovery Act and similar state laws. These laws require the Company to undertake certain investigative and remedial activities at sites where the Company conducts or once conducted operations or at sites where Company-generated waste was disposed.

Remediation activities vary substantially in duration and cost from site to site. These activities, and their associated costs, depend on the mix of unique site characteristics, evolving remediation technologies, the regulatory agencies involved and their enforcement policies, as well as the presence or absence of other potentially responsible parties. At September 29, 2013, the Company has recorded approximately $2.4 million in accrued liabilities and approximately $6.4 million in other liabilities relating to these matters. Considerable uncertainty exists with respect to these liabilities and, if adverse changes in circumstances occur, potential liability may exceed the amount accrued as of September 29, 2013. The time frame over which the accrued amounts may be paid out, based on past history, is estimated to be 15-20 years.

Litigation: The Company is a party to various lawsuits and claims arising in the normal course of business. These lawsuits and claims include actions involving product liability, intellectual property, employment and environmental matters. Based on information currently available, advice of counsel, established reserves and other resources, the Company does not believe that any such actions are likely to be, individually or in the aggregate, material to its business, financial condition, results of operations or liquidity. However, in the event of unexpected further developments, it is possible that the ultimate resolution of these matters, or other similar matters, if unfavorable, may be materially adverse to the Company’s business, financial condition, results of operations or liquidity. Legal costs such as outside counsel fees and expenses are charged to expense in the period incurred.

26

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Tax audits and examinations: The Company and its subsidiaries are routinely subject to tax examinations by various taxing authorities. As of September 29, 2013, the most significant tax examinations in process are in Canada, the Czech Republic, Germany and Austria. In conjunction with these examinations and as a regular and routine practice, the Company may establish reserves or adjust existing reserves with respect to uncertain tax positions. Accordingly, developments occurring with respect to these examinations, including resolution of uncertain tax positions, could result in increases or decreases to the Company’s recorded tax liabilities, which could impact the Company’s financial results.

Other: The Company has various purchase commitments for materials, supplies and items of permanent investment incident to the ordinary conduct of its business. On average, such commitments are not at prices in excess of current market prices.

Note 15 — Business segment information

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

Three of the four reportable segments are geographically based: Americas (representing the Company’s operations in North America and Latin America), EMEA (representing the Company’s operations in Europe, the Middle East and Africa) and Asia. The fourth reportable segment is Original Equipment Manufacturer and Development Services (“OEM”).

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

27

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The following tables present the Company’s segment results for the three and nine months ended September 29, 2013 and September 30, 2012:

	Three Months Ended September 29, 2013
	Americas		EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	192,494	$	132,265	$	55,263	$	33,774	$	413,796
Segment depreciation and amortization		17,783		7,035		1,134		1,123		27,075
Segment operating profit(1)		25,564		20,479		20,399		6,684		73,126
Segment expenditures for property, plant and equipment		14,188		2,701		258		508		17,655
Restructuring and other impairment charges		4,664		2,219		201		—		7,084
Intersegment revenues		26,550		42,480		12,191		163
	Three Months Ended September 30, 2012
	Americas		EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	169,548	$	116,015	$	45,592	$	36,899	$	368,054
Segment depreciation and amortization		16,439		5,249		967		1,058		23,713
Segment operating profit(1)		17,476		5,318		18,718		9,417		50,929
Segment expenditures for property, plant and equipment		9,253		3,248		43		2,052		14,596
Restructuring and other impairment charges		1,069		19		—		—		1,088
Intersegment revenues		38,874		17,136		—		94

28

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

	Nine Months Ended September 29, 2013
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	587,945		$	412,525	$	148,040	$	97,222	$	1,245,732
Segment depreciation and amortization		51,493			20,666		3,506		3,370		79,035
Segment operating profit(1)		79,941			58,163		49,520		20,778		208,402
Segment assets		1,974,737			998,256		247,118		41,073		3,261,184
Segment expenditures for property, plant and equipment		42,900			8,691		431		2,212		54,234
Restructuring and other impairment charges		16,745			11,426		446		588		29,205
Intersegment revenues		95,872			115,770		33,738		373
	Nine Months Ended September 30, 2012
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	526,685		$	377,513	$	123,205	$	104,550	$	1,131,953
Segment depreciation and amortization		47,482			16,096		2,561		3,022		69,161
Segment operating profit(1)		64,975			46,706		41,500		22,884		176,065
Segment assets		1,784,773			767,995		268,669		38,835		2,860,272
Segment expenditures for property, plant and equipment		20,870			9,620		105		8,545		39,140
Restructuring and other impairment charges		(581	)		665		—		—		84
Intersegment revenues		114,562			52,235		—		382

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

29

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

The following tables present reconciliations of segment results to the Company’s condensed consolidated income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes for the three and nine months ended September 29, 2013 and September 30, 2012:

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in thousands)
Reconciliation of Segment Operating Profit to Income (Loss) from Continuing Operations Before Interest, Loss on Extinguishments of Debt and Taxes
Segment operating profit	$	73,126		$	50,929		$	208,402		$	176,065
Goodwill impairment		—			—			—			(332,128	)
Restructuring and other impairment charges		(7,084	)		(1,088	)		(29,205	)		(84	)
Gain on sales of businesses and assets		—			—			—			332
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	$	66,042		$	49,841		$	179,197		$	(155,815	)

	September 29, 2013		September 30, 2012
	(Dollars in thousands)
Reconciliation of Segment Assets to Condensed Consolidated Total Assets
Segment assets	$	3,261,184	$	2,860,272
Corporate assets		516,744		802,656
Assets held for sale		10,435		7,861
Total assets	$	3,788,363	$	3,670,789

	Three Months Ended				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(Dollars in thousands)
Reconciliation of Segment Expenditures for Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plant and Equipment
Segment expenditures for property, plant and equipment	$	17,655	$	14,596	$	54,234	$	39,140
Corporate expenditures for property, plant and equipment		88		2,603		406		6,952
Total expenditures for property, plant and equipment	$	17,743	$	17,199	$	54,640	$	46,092

Note 16 — Condensed consolidated guarantor financial information

In June 2011, Teleflex Incorporated (referred to below as “Parent Company”) issued $250 million of 6.875% senior subordinated notes through a registered public offering. The notes are guaranteed, jointly and severally, by certain of the Parent Company’s subsidiaries (each, a “Guarantor Subsidiary” and collectively, the “Guarantor Subsidiaries”). The guarantees are full and unconditional, subject to certain customary release

30

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

provisions. Each Guarantor Subsidiary is directly or indirectly 100% owned by the Parent Company. The Company’s condensed consolidated statements of income (loss) and comprehensive income (loss) for the three and nine months ended September 29, 2013 and September 30, 2012, condensed consolidated balance sheets as of September 29, 2013 and December 31, 2012 and condensed consolidated statements of cash flows for the nine month periods ended September 29, 2013 and September 30, 2012, each of which are set forth below, provide consolidated information for:

a. Parent Company, the issuer of the guaranteed obligations;

b. Guarantor Subsidiaries, on a combined basis;

c. Non-guarantor subsidiaries, on a combined basis; and

d. Parent Company and its subsidiaries on a consolidated basis.

The same accounting policies as described in Note 1 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 are used by the Parent Company and each of its subsidiaries in connection with the condensed consolidated financial information, except for the use by the Parent Company and Guarantor Subsidiaries of the equity method of accounting to reflect ownership interests in subsidiaries which are eliminated upon consolidation.

Consolidating entries and eliminations in the following consolidated financial statements represent adjustments to (a) eliminate intercompany transactions between or among the Parent Company, the Guarantor Subsidiaries and the Non-guarantor subsidiaries, (b) eliminate the investments in subsidiaries and (c) record consolidating entries.

31

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

	Three Months Ended September 29, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	237,949		$	238,254		$	(62,407	)	$	413,796
Cost of goods sold		—			139,501			130,825			(60,522	)		209,804
Gross profit		—			98,448			107,429			(1,885	)		203,992
Selling, general and administrative expenses		14,088			62,701			38,167			272			115,228
Research and development expenses		—			13,161			2,477			—			15,638
Restructuring and other impairment charges		828			3,834			2,422			—			7,084
Income (loss) from continuing operations before interest and taxes		(14,916	)		18,752			64,363			(2,157	)		66,042
Interest expense		33,492			(21,204	)		1,660			—			13,948
Interest income		3			(3	)		(144	)		—			(144	)
Loss on extinguishments of debt		1,250			—			—			—			1,250
Income (loss) from continuing operations before taxes		(49,661	)		39,959			62,847			(2,157	)		50,988
Taxes (benefit) on income (loss) from continuing operations		(18,446	)		14,261			9,962			(568	)		5,209
Equity in net income of consolidated subsidiaries		76,448			48,367			319			(125,134	)		—
Income from continuing operations		45,233			74,065			53,204			(126,723	)		45,779
Operating income (loss) from discontinued operations		364			—			(326	)		—			38
Taxes (benefit) on income (loss) from discontinued operations		(977	)		(170	)		156			—			(991	)
Income (loss) from discontinued operations		1,341			170			(482	)		—			1,029
Net income		46,574			74,235			52,722			(126,723	)		46,808
Less: Income from continuing operations attributable to noncontrolling interests		—			—			234			—			234
Net income attributable to common shareholders		46,574			74,235			52,488			(126,723	)		46,574
Other comprehensive income attributable to common shareholders		24,375			30,034			21,442			(51,476	)		24,375
Comprehensive income attributable to common shareholders	$	70,949		$	104,269		$	73,930		$	(178,199	)	$	70,949

32

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

	Three Months Ended September 30, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	232,155		$	196,675		$	(60,776	)	$	368,054
Cost of goods sold		—			130,840			115,381			(58,734	)		187,487
Gross profit		—			101,315			81,294			(2,042	)		180,567
Selling, general and administrative expenses		11,114			61,505			42,030			229			114,878
Research and development expenses		—			13,184			1,576			—			14,760
Restructuring and other impairment charges		—			1,070			18			—			1,088
(Gain) loss on sales of businesses and assets		1			(150,310	)		—			150,309			—
Income (loss) from continuing operations before interest and taxes		(11,115	)		175,866			37,670			(152,580	)		49,841
Interest expense		36,105			(19,488	)		1,876			—			18,493
Interest income		(107	)		—			(233	)		—			(340	)
Income (loss) from continuing operations before taxes		(47,113	)		195,354			36,027			(152,580	)		31,688
Taxes (benefit) on income (loss) from continuing operations		(16,624	)		17,739			6,811			(689	)		7,237
Equity in net income of consolidated subsidiaries		52,627			21,946			—			(74,573	)		—
Income from continuing operations		22,138			199,561			29,216			(226,464	)		24,451
Operating income (loss) from discontinued operations		(1,089	)		258			—			—			(831	)
Taxes (benefit) on income (loss) from discontinued operations		(693	)		2,649			(266	)		—			1,690
Income (loss) from discontinued operations		(396	)		(2,391	)		266			—			(2,521	)
Net income		21,742			197,170			29,482			(226,464	)		21,930
Less: Income from continuing operations attributable to noncontrolling interests		—			—			188			—			188
Net income attributable to common shareholders		21,742			197,170			29,294			(226,464	)		21,742
Other comprehensive income attributable to common shareholders		49,428			50,393			41,277			(91,670	)		49,428
Comprehensive income attributable to common shareholders	$	71,170		$	247,563		$	70,571		$	(318,134	)	$	71,170

33

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

	Nine Months Ended September 29, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	740,817		$	708,206		$	(203,291	)	$	1,245,732
Cost of goods sold		—			435,937			398,720			(202,927	)		631,730
Gross profit		—			304,880			309,486			(364	)		614,002
Selling, general and administrative expenses		45,915			189,193			123,257			66			358,431
Research and development expenses		—			40,250			6,919			—			47,169
Restructuring and other impairment charges		828			13,112			15,265			—			29,205
Income (loss) from continuing operations before interest and taxes		(46,743	)		62,325			164,045			(430	)		179,197
Interest expense		100,682			(63,348	)		5,232			—			42,566
Interest income		—			(3	)		(455	)		—			(458	)
Loss on extinguishments of debt		1,250			—			—			—			1,250
Income (loss) from continuing operations before taxes		(148,675	)		125,676			159,268			(430	)		135,839
Taxes (benefit) on income (loss) from continuing operations		(54,192	)		42,241			30,701			208			18,958
Equity in net income of consolidated subsidiaries		210,701			114,116			319			(325,136	)		—
Income from continuing operations		116,218			197,551			128,886			(325,774	)		116,881
Operating income (loss) from discontinued operations		(1,788	)		—			42			—			(1,746	)
Taxes (benefit) on income (loss) from discontinued operations		(1,623	)		(170	)		246			—			(1,547	)
Income (loss) from discontinued operations		(165	)		(170	)		(204	)		—			(199	)
Net income		116,053			197,721			128,682			(325,774	)		116,682
Less: Income from continuing operations attributable to noncontrolling interests		—			—			629			—			629
Net income attributable to common shareholders		116,053			197,721			128,053			(325,774	)		116,053
Other comprehensive loss attributable to common shareholders		(6,335	)		(3,316	)		(5,930	)		9,246			(6,335	)
Comprehensive income attributable to common shareholders	$	109,718		$	194,405		$	122,123		$	(316,528	)	$	109,718

34

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

	Nine Months Ended September 30, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	705,703		$	606,381		$	(180,131	)	$	1,131,953
Cost of goods sold		—			409,801			349,003			(175,896	)		582,908
Gross profit		—			295,902			257,378			(4,235	)		549,045
Selling, general and administrative expenses		39,683			182,882			109,861			539			332,965
Research and development expenses		—			35,103			4,912			—			40,015
Goodwill impairment		—			331,779			349			—			332,128
Restructuring and other impairment charges		—			(580	)		664			—			84
Gain on sales of businesses and assets		(116,193	)		(150,310	)		(332	)		266,503			(332	)
Income (loss) from continuing operations before interest and taxes		76,510			(102,972	)		141,924			(271,277	)		(155,815	)
Interest expense		109,206			(59,728	)		5,466			—			54,944
Interest income		(360	)		(8	)		(956	)		—			(1,324	)
Income (loss) from continuing operations before taxes		(32,336	)		(43,236	)		137,414			(271,277	)		(209,435	)
Taxes (benefit) on income (loss) from continuing operations		(51,685	)		34,932			21,306			(1,592	)		2,961
Equity in net income of consolidated subsidiaries		(238,187	)		100,706			—			137,481			—
Income (loss) from continuing operations		(218,838	)		22,538			116,108			(132,204	)		(212,396	)
Operating income (loss) from discontinued operations		(1,180	)		(9,171	)		2,400			—			(7,951	)
Benefit on income (loss) from discontinued operations		(638	)		(935	)		(95	)		—			(1,668	)
Income (loss) from discontinued operations		(542	)		(8,236	)		2,495			—			(6,283	)
Net income (loss)		(219,380	)		14,302			118,603			(132,204	)		(218,679	)
Less: Income from continuing operations attributable to noncontrolling interests		—			—			701			—			701
Net income (loss) attributable to common shareholders		(219,380	)		14,302			117,902			(132,204	)		(219,380	)
Other comprehensive income attributable to common shareholders		20,525			7,136			6,510			(13,646	)		20,525
Comprehensive income (loss) attributable to common shareholders	$	(198,855	)	$	21,438		$	124,412		$	(145,850	)	$	(198,855	)

35

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 29, 2013
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	17,083	$	—	$	309,354	$	—		$	326,437
Accounts receivable, net		1,354		885,118		558,276		(1,131,042	)		313,706
Inventories, net		—		213,769		148,603		(16,256	)		346,116
Prepaid expenses and other current assets		9,756		5,296		18,341		—			33,393
Prepaid taxes		22,615		—		13,624		—			36,239
Deferred tax assets		13,345		21,728		9,073		(24	)		44,122
Assets held for sale		1,775		3,478		5,182		—			10,435
Total current assets		65,928		1,129,389		1,062,453		(1,147,322	)		1,110,448
Property, plant and equipment, net		10,222		190,874		119,446		—			320,542
Goodwill		—		703,258		538,135		—			1,241,393
Intangibles assets, net		—		752,049		296,105		—			1,048,154
Investments in affiliates		5,426,913		1,351,908		21,396		(6,798,514	)		1,703
Deferred tax assets		58,565		—		3,975		(61,608	)		932
Other assets		36,901		2,774,009		468,658		(3,214,377	)		65,191
Total assets	$	5,598,529	$	6,901,487	$	2,510,168	$	(11,221,821	)	$	3,788,363
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		85,337		994,662		124,924		(1,134,140	)		70,783
Accrued expenses		16,684		23,313		37,763		—			77,760
Current portion of contingent consideration		—		4,079		629		—			4,708
Payroll and benefit-related liabilities		29,098		8,760		28,246		—			66,104
Accrued interest		8,979		—		4		—			8,983
Income taxes payable		—		—		20,964		—			20,964
Other current liabilities		7,528		2,965		3,354		(24	)		13,823
Total current liabilities		147,626		1,033,779		220,584		(1,134,164	)		267,825
Long-term borrowings		980,688		—		—		—			980,688
Deferred tax liabilities		—		421,168		57,518		(61,608	)		417,078
Pension and other postretirement benefit liabilities		97,783		37,108		19,075		—			153,966
Noncurrent liability for uncertain tax positions		13,133		17,549		27,980		—			58,662
Other liabilities		2,499,260		16,021		749,499		(3,216,898	)		47,882
Total liabilities		3,738,490		1,525,625		1,074,656		(4,412,670	)		1,926,101
Total common shareholders’ equity		1,860,039		5,375,862		1,433,289		(6,809,151	)		1,860,039
Noncontrolling interest		—		—		2,223		—			2,223
Total equity		1,860,039		5,375,862		1,435,512		(6,809,151	)		1,862,262
Total liabilities and equity	$	5,598,529	$	6,901,487	$	2,510,168	$	(11,221,821	)	$	3,788,363

36

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

	December 31, 2012
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	70,860	$	1,989	$	264,190	$	—		$	337,039
Accounts receivable, net		2,147		774,280		511,609		(990,060	)		297,976
Inventories, net		—		202,748		136,492		(15,893	)		323,347
Prepaid expenses and other current assets		7,769		5,294		15,649		—			28,712
Prepaid taxes		11,079		—		19,217		(3,136	)		27,160
Deferred tax assets		13,987		27,130		6,810		(1,045	)		46,882
Assets held for sale		—		2,738		5,225		—			7,963
Total current assets		105,842		1,014,179		959,192		(1,010,134	)		1,069,079
Property, plant and equipment, net		7,258		168,451		122,236		—			297,945
Goodwill		—		702,947		546,509		—			1,249,456
Intangibles assets, net		—		782,631		276,161		—			1,058,792
Investments in affiliates		5,226,567		1,281,201		21,379		(6,527,081	)		2,066
Deferred tax assets		59,644		—		3,197		(62,545	)		296
Other assets		33,937		2,707,264		720,184		(3,399,522	)		61,863
Total assets	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		80,495		873,754		114,140		(993,224	)		75,165
Accrued expenses		11,338		20,471		33,255		—			65,064
Current portion of contingent consideration		—		21,115		2,578		—			23,693
Payroll and benefit-related liabilities		24,633		19,799		30,154		—			74,586
Accrued interest		9,413		—		5		—			9,418
Income taxes payable		—		—		18,709		(3,136	)		15,573
Other current liabilities		598		1,131		5,522		(1,045	)		6,206
Total current liabilities		126,477		936,270		209,063		(997,405	)		274,405
Long-term borrowings		965,280		—		—		—			965,280
Deferred tax liabilities		—		427,146		54,664		(62,544	)		419,266
Pension and other postretirement benefit liabilities		114,257		37,269		19,420		—			170,946
Noncurrent liability for uncertain tax positions		13,131		28,440		26,721		—			68,292
Other liabilities		2,435,153		35,543		991,327		(3,402,252	)		59,771
Total liabilities		3,654,298		1,464,668		1,301,195		(4,462,201	)		1,957,960
Total common shareholders’ equity		1,778,950		5,192,005		1,345,076		(6,537,081	)		1,778,950
Noncontrolling interest		—		—		2,587		—			2,587
Total equity		1,778,950		5,192,005		1,347,663		(6,537,081	)		1,781,537
Total liabilities and equity	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497

37

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended September 29, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(88,608	)	$	86,327		$	136,498		$	134,217
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(799	)		(42,854	)		(10,987	)		(54,640	)
Investments in affiliates		(50	)		—			—			(50	)
Payments for businesses and intangibles acquired, net of cash acquired		—			(1,820	)		(38,630	)		(40,450	)
Net cash used in investing activities from continuing operations		(849	)		(44,674	)		(49,617	)		(95,140	)
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		382,000			—			—			382,000
Repayment of long-term borrowings		(375,000	)		—			—			(375,000	)
Debt extinguishment, issuance and amendment fees		(6,365	)		—			—			(6,365	)
Proceeds from stock compensation plans		6,395			—			—			6,395
Dividends		(41,915	)		—			—			(41,915	)
Payments for contingent consideration		—			(14,802	)		(1,565	)		(16,367	)
Payments to noncontrolling interest shareholders		—			—			(736	)		(736	)
Intercompany transactions		72,132			(28,840	)		(43,292	)		—
Net cash provided by (used in) financing activities from continuing operations		37,247			(43,642	)		(45,593	)		(51,988	)
Cash Flows from Discontinued Operations:
Net cash used in operating activities		(1,567	)		—			(600	)		(2,167	)
Net cash used in discontinued operations		(1,567	)		—			(600	)		(2,167	)
Effect of exchange rate changes on cash and cash equivalents		—			—			4,476			4,476
Net (decrease) increase in cash and cash equivalents		(53,777	)		(1,989	)		45,164			(10,602	)
Cash and cash equivalents at the beginning of the period		70,860			1,989			264,190			337,039
Cash and cash equivalents at the end of the period	$	17,083		$	—		$	309,354		$	326,437

38

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

	Nine Months Ended September 30, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(123,496	)	$	179,665		$	82,963		$	139,132
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(6,952	)		(26,238	)		(12,902	)		(46,092	)
Proceeds from sales of businesses and assets, net of cash sold		4,301			45,149			17,155			66,605
Payments for businesses and intangibles acquired, net of cash acquired		—			(52,404	)		(3,293	)		(55,697	)
Investments in affiliates		(80	)		—			—			(80	)
Net cash (used in) provided by investing activities from continuing operations		(2,731	)		(33,493	)		960			(35,264	)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		—			(421	)		(285	)		(706	)
Proceeds from stock compensation plans		7,714			—			—			7,714
Payments for contingent consideration		—			(6,930	)		—			(6,930	)
Dividends		(41,661	)		—			—			(41,661	)
Intercompany transactions		179,626			(140,722	)		(38,904	)		—
Net cash provided by (used in) financing activities from continuing operations		145,679			(148,073	)		(39,189	)		(41,583	)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(10,729	)		4,252			—			(6,477	)
Net cash used in investing activities		—			(2,351	)		—			(2,351	)
Net cash (used in) provided by discontinued operations		(10,729	)		1,901			—			(8,828	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(2,716	)		(2,716	)
Net increase in cash and cash equivalents		8,723			—			42,018			50,741
Cash and cash equivalents at the beginning of the period		114,531			—			469,557			584,088
Cash and cash equivalents at the end of the period	$	123,254		$	—		$	511,575		$	634,829

Note 17 — Divestiture-related activities

When dispositions occur in the normal course of business, gains or losses on the sale of such businesses or assets are recognized in the statement of income (loss) line item Gain on sales of businesses and assets. In the second quarter of 2012, the Company sold a building, with a net book value of zero, that had been classified as an asset held for sale and realized a gain of approximately $0.3 million.

39

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Assets Held for Sale

The table below provides information regarding assets held for sale at September 29, 2013 and December 31, 2012. As of September 29, assets held for sale consisted of four buildings and certain other assets which the Company is actively marketing.

	September 29, 2013		December 31, 2012
	(Dollars in thousands)
Assets held for sale:
Property, plant and equipment	$	10,435	$	7,963
Total assets held for sale	$	10,435	$	7,963

Discontinued Operations

The Company has recorded $1.7 million of income during the nine month period ended September 29, 2013 and $0.9 million and $1.1 million of expense during the three and nine month periods ended September 30, 2012, respectively, associated with retained liabilities related to businesses that have been divested.

On August 26, 2012, the Company completed the sale of the orthopedic business of its OEM Segment to Tecomet Inc. for $45.2 million in cash and realized a loss of $39 thousand, net of tax, from the sale of the business.

The following table presents the operating results of the operations that have been treated as discontinued operations for the periods presented:

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in thousands)
Net revenues	$	—		$	2,789		$	—		$	16,616
Costs and other expenses		38			3,582			(1,746	)		17,093
Goodwill impairment(1)		—			—			—			9,700
Gain (loss) on disposition(2)		—			(38	)		—			2,226
Income (loss) from discontinued operations before income taxes		38			(831	)		(1,746	)		(7,951	)
Provision for income taxes(3)		(991	)		1,690			(1,547	)		(1,668	)
Income (loss) from discontinued operations		1,029			(2,521	)		(199	)		(6,283	)
Less: Income from discontinued operations attributable to noncontrolling interest		—			—			—			—
Income (loss) from discontinued operations attributable to common shareholders	$	1,029		$	(2,521	)	$	(199	)	$	(6,283	)

(1) In the second quarter of 2012, the Company recognized a non-cash goodwill impairment charge of $9.7 million to adjust the carrying value of the orthopedic business to its estimated fair value.

(2) The $2.2 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

(3) The provision for income taxes for the three months ended September 29, 2013 was impacted favorably by the realization of a tax benefit resulting from the expiration of statutes of limitation for a U.S. matter.

40

TELEFLEX INCORPORATED AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

Note 18 — Subsequent event

On October 29, 2013, the Company signed a definitive agreement to acquire privately-held Vidacare Corporation, a global provider of intraosseous, or inside the bone, access devices. The transaction, which Teleflex intends to initially fund with borrowings under its revolving credit facility, is valued at $262.5 million, net of cash acquired. The acquisition will complement the vascular access product portfolio in the Company’s Critical Care division. The acquisition is subject to customary closing conditions, including receipt of certain regulatory approvals, and is expected to be completed in the fourth quarter of 2013.

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

Forward-Looking Statements

All statements made in this Quarterly Report on Form 10-Q, other than statements of historical fact, are forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “will,” “would,” “should,” “guidance,” “potential,” “continue,” “project,” “forecast,” “confident,” “prospects” and similar expressions typically are used to identify forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about our business and the industry and markets in which we operate. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements due to a number of factors, including changes in business relationships with and purchases by or from major customers or suppliers; delays or cancellations in shipments; demand for and market acceptance of new and existing products; our ability to integrate acquired businesses into our operations, realize planned synergies and operate such businesses profitably in accordance with expectations; our ability to effectively execute our restructuring programs; competitive market conditions and resulting effects on revenues and pricing; increases in raw material costs that cannot be recovered in product pricing; and global economic factors, including currency exchange rates, interest rates and sovereign debt issues; difficulties entering new markets; and general economic conditions. For a further discussion of the risks relating to our business, see Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2012. We expressly disclaim any obligation to update these forward-looking statements, except as otherwise specifically stated by us or as required by law or regulation.

Overview

We are a global provider of medical technology products that enhance clinical benefits, improve patient and provider safety and reduce total procedural costs. We primarily design, develop, manufacture and supply single-use medical devices used by hospitals and healthcare providers for common diagnostic and therapeutic procedures in critical care and surgical applications. We sell our products to hospitals and healthcare providers in more than 140 countries through a combination of our direct sales force and distributors. Because our products are used in numerous markets and for a variety of procedures, we are not dependent upon any one end-market or procedure.

We are focused on achieving consistent, sustainable and profitable growth by increasing our market share and improving our operating efficiencies through:

• the development of new products and product line extensions;

• the investment in new technologies and broadening their applications;

• the expansion of the use of our products in existing markets, as well as the introduction of our products into new geographic markets;

• achieving economies of scale as we continue to expand, by leveraging our direct sales force and distribution network with new products, and increasing efficiencies in our manufacturing and distribution facilities; and

• the potential broadening of our product portfolio through select acquisitions, licensing arrangements and partnerships that enhance, extend or expedite our development initiatives or our ability to increase our market share.

During 2012, we continued to expand our presence in the anesthesia market through the acquisition of substantially all of the assets of LMA International N.V. (“LMA”), a global provider of laryngeal masks whose products are used in anesthesia and emergency care. In addition, consistent with our strategy to invest in new technologies and research and development to support our future growth, we completed four late-stage technology acquisitions in 2012. Also during 2012, we sold the orthopedics business line of our OEM Segment.

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During the second quarter of 2013, we acquired the assets of Ultimate Medical Pty. Ltd. and its affiliates, a supplier of airway management devices with a related portfolio of patented products, which complements the anesthesia product portfolio in our Critical Care division. Also during the second quarter of 2013, we acquired Eon Surgical, Ltd., a developer of a minimally invasive microlaparoscopy surgical platform technology designed to enhance surgeons’ ability to perform scarless surgery while producing better patient outcomes. This technology complements the product portfolio of our Surgical Care division.

See Note 3 to the condensed consolidated financial statements included in this report for a discussion of the acquisitions and see Note 17 to the condensed consolidated financial statements included in this report for a discussion of the disposition.

We categorize our products into four groups: Critical Care, Surgical Care, Cardiac Care and Original Equipment Manufacturer and Development Services (“OEM”). Critical Care, representing our largest product group, includes medical devices used in vascular access, anesthesia, respiratory care and specialty markets; Surgical Care includes surgical instruments and devices; and Cardiac Care includes cardiac assist devices and equipment. OEM designs and manufactures instruments and devices for other medical device manufacturers.

Critical Accounting Estimates

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions.

In our Annual Report on Form 10-K for the year ended December 31, 2012, we provided disclosure regarding our critical accounting estimates, which are reflective of significant judgments and uncertainties, are important to the presentation of our financial condition and results of operations and could potentially result in materially different results under different assumptions and conditions.

Health Care Reform

On March 23, 2010 the Patient Protection and Affordable Care Act was signed into law. This legislation will have a significant impact on our business. For medical device companies such as Teleflex, the expansion of medical insurance coverage should lead to greater utilization of the products we manufacture, but this legislation also contains provisions designed to contain the cost of healthcare, which could negatively affect pricing of our products. In addition, commencing in 2013, the legislation imposes a 2.3% excise tax on sales of medical devices. We currently estimate the impact of the medical device excise tax will be approximately $12 million for 2013. For the three and nine month periods ended September 29, 2013, the medical device excise tax was $2.7 million and $8.4 million, respectively, which is included in selling, general and administrative expenses.

Results of Operations

The discussion of revenues on a constant currency basis excludes the impact of translating the results of international subsidiaries at different currency exchange rates from year to year. Certain financial information is presented on a rounded basis, which may cause minor differences.

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Net Revenues

Information regarding net revenues by product group is provided in the following table.

	Three Months Ended				% Increase/ (Decrease)
	September 29, 2013		September 30, 2012		Constant Currency(1)			Foreign Currency			Total Change
	(Dollars in millions)
Critical Care	$	289.3	$	243.7		17.9	%		0.8	%		18.7	%
Surgical Care		73.2		69.6		3.9			1.3			5.2
Cardiac Care		17.6		17.9		(1.6	)		—			(1.6	)
OEM		33.7		36.9		(9.4	)		0.9			(8.5	)
Total net revenues	$	413.8	$	368.1		11.6			0.8			12.4

	Nine Months Ended					% Increase/ (Decrease)
	September 29, 2013		September 30, 2012			Constant Currency(1)			Foreign Currency			Total Change
	(Dollars in millions)
Critical Care	$	865.6	$	753.9			14.6	%		0.2	%		14.8	%
Surgical Care		226.1		214.6			4.6			0.7			5.3
Cardiac Care		56.6		59.0			(3.4	)		(0.5	)		(3.9	)
OEM		97.2		104.6			(7.4	)		0.4			(7.0	)
Other		0.2		(0.1	)		—			—			—
Total net revenues	$	1,245.7	$	1,132.0			9.8			0.3			10.1

(1) Constant currency is a non-GAAP financial measure that measures the change in net revenues between current and prior year periods by excluding the impact of translating the results of international subsidiaries at different currency exchange rates from period to period. The constant currency increase/decrease percentage is calculated by translating the prior year period’s local currency net revenues into an amount reflecting the current year period’s foreign currency exchange rates and calculating the percentage difference between net revenues for the current year period and net revenues for the prior year period, as so translated. Management believes this measure is useful to investors because it eliminates items that do not reflect our day-to-day operations. In addition, management uses this financial measure for internal managerial purposes, when publicly providing guidance on possible future results, and to assist in our evaluation of period-to-period comparisons. This financial measure may not be comparable to similarly titled measures used by other companies, is presented in addition to results presented in accordance with GAAP and should not be relied upon as a substitute for GAAP financial measures.

Net revenues for the three months ended September 29, 2013, increased 12.4% to $413.8 million from $368.1 million for the three months ended September 30, 2012. The $45.7 million increase in net revenues is largely due to the businesses acquired during 2012 and 2013, which generated net revenues of approximately $35.8 million, including approximately $34.0 million generated by the LMA business. Net revenues further benefited from new products ($5.6 million) primarily in the Americas, EMEA and OEM, price increases ($4.0 million) in EMEA, the Americas and Asia and the favorable impact of foreign currency exchange rates ($3.2 million). The increase in revenues was partly offset by volume declines ($2.9 million) primarily in OEM and the Americas. Net revenues for the nine months ended September 29, 2013 increased 10.1% to $1,245.7 million from $1,132.0 million in the nine months ended September 30, 2012. The $113.7 million increase in net revenues is largely due to the businesses acquired during 2012 and 2013, which generated net revenues of approximately $102.9 million, including approximately $100.0 million generated by the LMA business. Net revenues further benefited from new products ($14.9 million) primarily in the Americas, EMEA and OEM, price increases ($9.4 million) in the Americas, EMEA and Asia and the favorable impact of foreign currency exchange rates ($3.2 million). These increases were partly offset by volume declines ($16.7 million) in the Americas, primarily in respiratory and surgical products, and OEM, primarily on lower sales of catheters and performance fibers.

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Critical Care net revenues for the three and nine months ended September 29, 2013, on a constant currency basis, increased 17.9% and 14.6%, respectively over the corresponding prior year periods. The increase in net revenues for the three months and nine months ended September 29, 2013 was due to higher sales of anesthesia, vascular, urology and interventional access products. The growth in sales of anesthesia products was primarily related to the acquisition of the LMA business. The increase in net revenues for the three and nine months ended September 29, 2013 was partially offset by a decline in sales of respiratory products.

Surgical Care net revenues for the three and nine months ended September 29, 2013, on a constant currency basis, increased 3.9% and 4.6%, respectively, over the corresponding prior year periods. The increase in net revenues for the three and nine months ended September 29, 2013 was due to higher sales of ligation products, suture and access products, partially offset by a decline in sales of general surgical instrument products.

Cardiac Care net revenues for the three and nine months ended September 29, 2013, on a constant currency basis, decreased 1.6% and 3.4%, respectively, over the corresponding prior year periods. The decrease in net revenues for the three and nine months ended September 29, 2013 was due to a decline in sales of intra-aortic balloon pumps.

OEM net revenues for the three and nine months ended September 29, 2013, on a constant currency basis, decreased 9.4% and 7.4%, respectively, over the corresponding prior year periods. The decrease in net revenues for the three and nine months ended September 29, 2013 was due to a decline in sales of catheter, extrusion and performance fiber products.

Gross profit

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in millions)
Gross profit	$	204.0		$	180.6		$	614.0		$	549.0
Percentage of sales		49.3	%		49.1	%		49.3	%		48.5	%

For the three months and nine months ended September 29, 2013, gross profit as a percentage of revenues increased 20 basis points and 80 basis points compared to the corresponding prior year periods. The modest increase for the three months ended September 29, 2013, reflects the benefits from higher margin sales from the LMA business, price increases in the Americas, EMEA and Asia and manufacturing efficiencies in EMEA. These improvements in gross profit were largely offset by higher product costs, increased manufacturing costs and higher warehouse and freight costs in the Americas. The increase in the nine month percentage is principally due to the inclusion of higher margin sales from the LMA business and price increases in the Americas, EMEA and Asia. In addition, gross profit in the 2012 periods was adversely affected by inventory write-offs for excess, slow moving and damaged product in Asia. These benefits were partly offset by higher warehousing and freight costs in the Americas, EMEA and Asia and higher product costs in the Americas.

Selling, general and administrative

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in millions)
Selling, general and administrative	$	115.2		$	114.9		$	358.4		$	333.0
Percentage of sales		27.8	%		31.2	%		28.8	%		29.4	%

Selling, general and administrative expenses increased $0.3 million during the three months ended September 29, 2013 compared to the three months ended September 30, 2012. The increase is due to expenses associated with the businesses acquired ($7.3 million), primarily associated with the LMA business, higher

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employee related expenses and the excise tax associated with the Patient Protection and Affordable Care Act ($2.7 million). These increases were largely offset by the favorable comparison resulting from the 2012 loss of $7.6 million from foreign currency forward exchange contracts entered into in anticipation of the acquisition of the LMA business and the reversal in 2013 of $4.4 million contingent consideration, of which $4.3 million related to the acquisition of Hotspur Technologies (“Hotspur”). Selling, general and administrative expenses increased $25.4 million during the nine months ended September 29, 2013 compared to the nine months ended September 30, 2012. The increase is largely due to expenses associated with the businesses acquired ($29.4 million), including $27.4 million in expenses associated with the LMA business, the excise tax associated with the Patient Protection and Affordable Care Act ($8.4 million), higher employee related expenses, foreign currency transaction losses ($2.1 million) and a litigation verdict against us with respect to a non-operating joint venture ($1.3 million). The increases were partly offset by $12.4 million reversals of contingent consideration related to the acquisitions of Hotspur ($8.5 million), Semprus BioSciences Corp. (“Semprus”) ($2.4 million) and the assets of Axiom Technology Partners LLP (“Axiom”) ($1.5 million), and the favorable comparison resulting from the 2012 loss of $7.6 million from foreign currency forward exchange contracts entered into in anticipation of the acquisition of the LMA business.

Research and development

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in millions)
Research and development	$	15.6		$	14.8		$	47.2		$	40.0
Percentage of sales		3.8	%		4.0	%		3.8	%		3.5	%

The increase in research and development expenses is primarily due to the businesses acquired in 2012.

Restructuring and other impairment charges

	Three Months Ended				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(Dollars in millions)
Restructuring and other impairment charges	$	7.1	$	1.1	$	29.2	$	0.1

During the three and nine months ended September 29, 2013, we recorded $7.1 million and $29.2 million, respectively, in restructuring and other impairment charges. For the three months ended September 29, 2013, we incurred $1.8 million of charges pertaining to termination benefit costs, contract termination costs and facility closure and other costs incurred in connection with our LMA restructuring program, approximately $1.9 million primarily related to termination benefits and contract termination costs associated with other restructuring activities initiated in 2012 and 2013 and $3.4 million of impairment charges related to assets held for sale that had a carrying value in excess of their appraised fair value. For the nine months ended September 29, 2013, we recorded a $4.5 million write-off of an in-process research and development project associated with the Axiom acquisition, $8.4 million pertaining to termination benefit costs, contract termination costs and facility closure and other costs incurred in connection with our LMA restructuring program, approximately $10.1 million primarily related to termination benefit and contract termination costs associated with other restructuring activities initiated in 2012 and 2013, $2.8 million of charges related to expected post-closing obligations associated with acquired businesses and $3.4 million of impairment charges related to assets held for sale that had a carrying value in excess of their appraised fair value.

During the three months ended September 30, 2012, we incurred restructuring charges of $1.1 million primarily related to the consolidation of our North American warehouses. During the nine months ended

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September 30, 2012, we incurred restructuring charges of approximately $2.1 million for termination benefit costs, facility closure costs and contract termination costs, of which, $1.3 million related to the consolidation of our North American warehouses. These charges were almost entirely offset by a reversal of approximately $2.0 million of contract termination costs related to a settlement of a dispute involving the termination of a European distributor agreement that was established in connection with our acquisition of Arrow International Inc. in 2007.

In May of 2012, the Company acquired Semprus, a biomedical research and development company that developed a polymer surface treatment technology intended to reduce thrombus related complications. As of September 29, 2013, the Company has experienced unexpected difficulties with respect to the development of the Semprus technology, which the Company is currently attempting to resolve through further research and testing. Failure to resolve these issues may result in a reduction of the expected future cash flows related to the Semprus technology and could result in impairment charges of the related assets being recognized, which could be material. As of September 29, 2013, the Company has recorded net assets in the amount of approximately $42 million related to this investment.

For additional information regarding our restructuring programs, see Note 4 to our condensed consolidated financial statements included in this report.

Goodwill Impairment

Due to a change in the reporting unit structure in North America in the first quarter of 2012, we were required to conduct a goodwill impairment test with respect to each of the North American reporting units and determined that the goodwill of three of the reporting units was impaired. As a result, we recorded a goodwill impairment charge of $332.0 million in the first quarter of 2012. See Note 5 to the condensed consolidated financial statements included in this report for a discussion of the goodwill impairment.

Interest expense

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in millions)
Interest expense	$	13.9		$	18.5		$	42.6		$	54.9
Average interest rate on debt		3.9	%		4.1	%		4.1	%		4.2	%

Interest expense decreased for the three and nine months ended September 29, 2013, compared to the corresponding periods in 2012, primarily because 2012 interest expense included amortization expense related to our termination of an interest rate swap (approximately $3.7 million and $11.1 million for the three and nine months ended September 30, 2012, respectively). We terminated our agreement related to the interest rate swap, covering a notional amount of $350 million, in 2011. The unrealized losses within accumulated other comprehensive income associated with our interest rate swap were reclassified into our statement of income (loss) during 2012.

Loss on extinguishment of debt

During the third quarter of 2013, the Company refinanced its $775.0 million senior credit facility comprised of a $375.0 million term loan and a $400.0 million revolving credit facility with a new $850.0 million senior credit facility consisting solely of a revolving credit facility. In connection with the refinancing the Company recognized debt extinguishment costs of $1.3 million related to unamortized debt issuance costs.

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Taxes on income from continuing operations

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
Effective income tax rate		10.2	%		22.8	%		14.0	%		(1.4	)%

The effective income tax rate for the three months and nine months ended September 29, 2013 was 10.2% and 14.0%, respectively, compared to 22.8% and (1.4)% for the three months and nine months ended September 30, 2012, respectively. The effective tax rate for the three months ended September 29, 2013 was impacted by the realization of net tax benefits resulting from the expiration of statutes of limitation for a U.S. matter and tax benefits associated with U.S. and foreign tax return filings. In addition to the aforementioned items, the nine months ended September 29, 2013 was impacted by the realization of net tax benefits resulting from the resolution of a foreign tax matter and the expiration of statutes of limitation for a U.S. state matter. The effective income tax rate for the nine months ended September 30, 2012 was impacted by a $332 million goodwill impairment charge recorded in the first quarter of 2012, for which only $45 million was tax deductible.

Segment Reviews

	Three Months Ended							Nine Months Ended
	September 29, 2013		September 30, 2012		% Increase/ (Decrease)			September 29, 2013		September 30, 2012		% Increase/ (Decrease)
	(Dollars in millions)
Americas	$	192.5	$	169.6		13.5	%	$	588.0	$	526.7		11.6	%
EMEA		132.3		116.0		14.0			412.5		377.5		9.3
Asia		55.3		45.6		21.2			148.0		123.2		20.2
OEM		33.7		36.9		(8.5	)		97.2		104.6		(7.0	)
Segment net revenues	$	413.8	$	368.1		12.4		$	1,245.7	$	1,132.0		10.1
Americas	$	25.6	$	17.9		43.1		$	79.9	$	66.7		19.8
EMEA		20.5		5.1		300.0			58.2		45.8		27.1
Asia		20.4		18.5		10.4			49.5		40.6		22.0
OEM		6.6		9.4		(29.4	)		20.8		23.0		(9.7	)
Segment operating profit(1)	$	73.1	$	50.9		43.6		$	208.4	$	176.1		18.4

(1) See Note 15 of our condensed consolidated financial statements included in this report for a reconciliation of segment operating profit to our condensed consolidated income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes.

The following is a discussion of our segment operating results.

Comparison of the three and nine months ended September 29, 2013 and September 30, 2012

Americas

Americas net revenues for the three months ended September 29, 2013, increased 13.5% compared to the corresponding period in 2012. The increase was primarily due to businesses acquired in 2012, which added net revenues of $19.0 million, including $18.7 million generated by the LMA business; new product sales ($4.2 million), primarily of vascular and anesthesia/respiratory products; and price increases ($1.7 million), principally related to surgical care; partly offset by volume declines ($1.6 million) in surgical instruments, anesthesia/respiratory and vascular products. Americas net revenues for the nine months ended September 29,

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2013, increased 11.6% compared to the corresponding period in 2012. The increase was primarily due to businesses acquired in 2012, which added net revenues of $57.2 million, including $56.2 million generated by the LMA business; new product sales ($10.9 million), primarily of vascular and anesthesia/respiratory products; and price increases ($6.3 million), principally related to surgical care products, Latin America and vascular products. These increases in net revenues were partly offset by lower volumes ($12.8 million), primarily in anesthesia/respiratory products, vascular products and surgical instruments.

Americas segment operating profit for the three months ended September 29, 2013, increased 43.1% compared to the corresponding period in 2012. The increase was primarily due to the operating profit generated by the businesses acquired ($8.4 million), the reversal of contingent consideration related to the Hotspur acquisition ($4.3 million) and price increases ($1.7 million). The $8.4 million operating profit generated by the businesses acquired includes the contribution of the LMA business ($8.0 million). These increases in operating profit were partly offset by the excise tax associated with the Patient Protection and Affordable Care Act ($2.6 million), higher material costs ($2.5 million), increased warehouse and freight costs ($2.3 million), including costs associated with the consolidation of distribution facilities; and higher manufacturing costs ($1.8 million). Americas segment operating profit for the nine months ended September 29, 2013, increased 19.8% compared to the corresponding period in 2012. The increase was primarily due to the operating profit generated by the businesses acquired ($14.0 million), the reversal of contingent consideration related to the Hotspur, Semprus and Axiom acquisitions ($11.1 million) and price increases ($6.3 million). The $14.0 million operating profit generated by the businesses acquired reflects the contribution of the LMA business ($23.9 million), largely offset by increased research and development costs ($6.9 million) associated with the continued investment in new technologies obtained through acquisitions, and incremental operating costs associated with the businesses acquired ($3.0 million). The increases in operating profit for the nine months ended September 29, 2013 were partly offset by the excise tax associated with the Patient Protection and Affordable Care Act ($8.3 million), higher material costs ($4.8 million), increased warehouse and freight costs ($4.4 million), including costs associated with the consolidation of distribution facilities; and higher manufacturing costs ($1.4 million).

EMEA

EMEA net revenues for the three months ended September 29, 2013, increased 14.0% compared to the corresponding period in 2012. The increase was primarily due to businesses acquired in 2012, which added net revenues of $7.6 million, including $7.2 million generated by the LMA business; the favorable impact of foreign currency exchange rates ($5.1 million), price increases ($2.1 million), volume gains ($0.9 million) and new product sales ($0.6 million). EMEA net revenues for the nine months ended September 29, 2013, increased 9.3% compared to the corresponding period in 2012. The increase was primarily due to businesses acquired in 2012, which added net revenues of $22.3 million, including $21.6 million generated by the LMA business; the favorable impact of foreign currency exchange rates ($6.4 million), price increases ($2.6 million), new product sales ($2.3 million) and volume gains ($1.5 million).

EMEA segment operating profit for the three months ended September 29, 2013, increased 300.0% compared to the corresponding period in 2012. In 2012, the EMEA segment operating profit was adversely impacted by a $7.6 million loss from foreign currency forward exchange contracts entered into in anticipation of the acquisition of LMA. The 2013 period increase in operating profit also reflects lower manufacturing costs ($4.4 million), due to improved absorption and labor efficiencies; the operating profit generated by the businesses acquired ($1.8 million), primarily LMA; and price increases ($1.5 million). EMEA segment operating profit for the nine months ended September 29, 2013, increased 27.1% compared to the corresponding period in 2012. In 2012, the EMEA segment operating profit was adversely impacted by a $7.6 million loss from foreign currency forward exchange contracts entered into in anticipation of the acquisition of LMA. The 2013 period increase in operating profit also reflects lower manufacturing costs ($6.4 million), due to improved absorption and labor efficiencies; price increases ($2.0 million), the operating profit generated by the businesses acquired

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($1.4 million), primarily LMA; and the reversal of contingent consideration related to the Semprus acquisition ($0.8 million). These increases in operating profit were partly offset by higher warehousing and freight costs ($3.6 million), including costs to consolidate a distribution facility in France and foreign currency transaction losses ($1.5 million).

Asia

Asia net revenues for the three months ended September 29, 2013, increased 21.2% compared to the corresponding period in 2012. The increase was primarily due to $9.3 million of net revenues generated by the businesses acquired in 2012 and 2013, including $8.1 million generated by the LMA business; volume gains of $1.8 million (volume gains in China, India and Southeast Asia largely offset by lower volumes in Japan) and price increases ($0.3 million). These increases were partly offset by the unfavorable impact of foreign currency exchange rates ($1.8 million). Asia net revenues for the nine months ended September 29, 2013, increased 20.2% compared to the corresponding period in 2012. The increase was primarily due to $23.4 million of net revenues generated by the businesses acquired in 2012 and 2013, including $22.2 million generated by the LMA business, volume gains of $3.9 million (volume gains in China and Southeast Asia were largely offset by lower volumes in Japan) and price increases ($0.7 million). These increases were partly offset by the unfavorable impact of foreign currency exchange rates ($3.3 million).

Asia segment operating profit for the three and nine months ended September 29, 2013, increased 10.4% and 22.0%, respectively compared to the corresponding periods in 2012. The increase in the three month period reflects the operating profit generated by the businesses acquired ($2.6 million), primarily LMA and volume gains ($1.6 million), partly offset by higher manufacturing costs ($1.3 million) and higher warehouse and freight costs ($0.8 million) associated with the volume gains in China and Southeast Asia. During the nine months ended September 30, 2012, Asia segment operating profit was adversely affected by inventory write-offs for excess, slow moving and damaged product ($4.9 million). In addition, Asia segment operating profit for the nine months ended September 29, 2013 increased due to the operating profit generated by the businesses acquired ($6.0 million), primarily LMA, and volume gains ($2.8 million), partly offset by higher warehouse and freight costs ($1.9 million) associated with the volume gains in China and Southeast Asia and raw material costs ($1.2 million).

OEM

OEM net revenues for the three and nine months ended September 29, 2013, decreased 8.5% and 7.0%, respectively compared to the corresponding period in 2012. The decrease was due to lower volume, primarily due to a decline in sales of catheter and performance fiber products, partly offset by new product sales.

OEM segment operating profit for the three and nine months ended September 29, 2013, decreased 29.4% and 9.7%, respectively compared to the corresponding period in 2012. The decrease is due to lower volumes partly offset by lower manufacturing and operating costs.

Liquidity and Capital Resources

Cash Flows

Operating activities from continuing operations provided net cash of approximately $134.2 million during the first nine months of 2013 compared to $139.1 million during the first nine months of 2012. The $4.9 million decrease is primarily due to unfavorable year-over-year changes in working capital items for inventory, accounts receivable, prepaid expenses and other current assets, largely offset by improved operating results. Inventory increased $23.6 million during the nine months ended September 29, 2013, as compared to a $4.6 million increase during the nine months ended September 30, 2012. The increase was primarily in Asia due to sales growth. Accounts receivable increased $12.4 million during the nine months ended September 29, 2013, as

50

compared to a $1.9 million decrease during the nine months ended September 30, 2012, primarily due to a significant collection of receivables from the Spanish government in 2012. Prepaid expenses and other current assets increased $5.4 million during the nine months ended September 29, 2013, as compared to a $10.1 million decrease during the nine months ended September 30, 2012, primarily due to the collection of outstanding VAT claims in 2012.

We currently do not foresee any difficulties in meeting our cash requirements or accessing credit as needed in the next twelve months. In July 2013, we refinanced our senior credit facility, replacing our existing $375.0 million term loan and our existing $400.0 million revolving credit facility with an $850.0 million dollar revolving credit facility. We paid the outstanding $375 million principal on the term loan and approximately $6.4 million in costs related to the refinancing with borrowings under the new revolving credit facility. The new $850 million senior credit facility bears interest at an applicable rate elected by us equal to either the “base rate” (the greater of either the federal funds effective rate plus 0.5%, the prime rate or one month LIBOR plus 1.0%) plus an applicable margin of 0.25% to 1.00%, or a “LIBOR rate” for the period corresponding to the applicable interest period of the borrowings plus an applicable margin of 1.25% to 2.00%. As of September 29, 2013, the interest rate on the $850 million senior credit facility was 1.93% (comprised of a LIBOR rate of 0.18% plus a spread of 1.75%). To date, we have not experienced an inordinate amount of payment defaults by our customers, and we believe we have sufficient lending commitments in place to enable us to fund our anticipated operating needs. However, the ongoing volatility in the domestic and global financial markets, including the European sovereign debt crisis, combined with a continuation of constrained global credit markets, raises a risk that our customers and suppliers may be unable to access liquidity. Consequently, we continue to monitor our credit risk related to countries in Europe. As of September 29, 2013, our net receivables from publicly funded hospitals in Italy, Spain, Portugal and Greece were $69.1 million compared to $70.6 million as of December 31, 2012. For the nine months ended September 29, 2013 and September 30, 2012, net revenues from these countries were approximately 9% of total net revenues in both of the periods and average days that accounts receivable were outstanding were 285 and 287 days, respectively. As of September 29, 2013 and December 31, 2012, net trade receivables from these countries were approximately 34% of consolidated accounts receivable, net in both of the periods, respectively. If economic conditions in these countries continue to deteriorate, we may experience significant credit losses related to the public hospital systems in these countries. Moreover, if global economic conditions generally deteriorate, we may experience further delays in customer payments, reductions in our customers’ purchases from us and higher credit losses, which could have a material adverse effect on our results of operations and cash flows in 2013 and beyond.

Net cash used in investing activities from continuing operations was $95.1 million during the first nine months of 2013, reflecting net payments for businesses acquired of $40.5 million and capital expenditures of $54.6 million. The net payments for businesses acquired includes the acquisitions of EON Surgical, Ltd. and Ultimate Medical Pty. Ltd. for approximately $38.5 million; and an asset purchase of $3.4 million for an in-process research and development intangible related to the EON Surgical technology, partly offset by a $1.5 million working capital adjustment with respect to the consideration paid in connection with the LMA acquisition.

Net cash used in financing activities from continuing operations was $52.0 million in the first nine months of 2013. On July 16, 2013, we refinanced our senior credit facility, which was comprised of a $375 million term loan and $400.0 million revolving credit facility, and replaced it with a new $850.0 million senior credit facility consisting solely of a revolving credit facility. We used borrowings under the new facility to repay the outstanding $375.0 million term loan and to pay costs of $6.4 million associated with the refinancing. In addition, net cash used in financing activities included dividend payments of $41.9 million, contingent consideration payments of $16.4 million related to our acquisitions of VasoNova Inc., Axiom, LMA, Hotspur and MEPY Benelux BVBA and payments to noncontrolling interest shareholders of $0.7 million, partly offset by $6.4 million in proceeds from the exercise of outstanding stock options issued under our stock compensation plans.

51

Stock Repurchase Program

In 2007, our Board of Directors authorized the repurchase of up to $300 million of our outstanding common stock. Repurchases of our stock under the Board authorization may be made from time to time in the open market and may include privately-negotiated transactions as market conditions warrant and subject to regulatory considerations. The stock repurchase program has no expiration date and our ability to execute on the program will depend on, among other factors, cash requirements for acquisitions, cash generated from operations, debt repayment obligations, market conditions and regulatory requirements. In addition, under our senior credit agreements, we are subject to certain restrictions relating to our ability to repurchase shares in the event our consolidated leverage ratio (generally, the ratio of consolidated total indebtedness to consolidated EBITDA, as defined in the senior credit agreements) exceeds certain levels, which may limit our ability to repurchase shares under this Board authorization. Through September 29, 2013, no shares have been purchased under this Board authorization.

Net Debt to Total Capital Ratio

The following table provides our net debt to total capital ratio:

	September 29, 2013			December 31, 2012
	(Dollars in millions)
Net debt includes:
Current borrowings	$	4.7		$	4.7
Long-term borrowings		980.7			965.3
Total debt		985.4			970.0
Less: Cash and cash equivalents		326.4			337.0
Net debt	$	659.0		$	633.0
Total capital includes:
Net debt	$	659.0		$	633.0
Total common shareholders’ equity		1,860.0			1,779.0
Total capital	$	2,519.0		$	2,412.0
Percent of net debt to total capital		26	%		26	%

Our 3.875% Convertible Notes are convertible under certain circumstances, including upon the attainment of a closing price per share of our common stock that is at least 130% of the conversion price (approximately $79.72) for at least 20 trading days during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter. Our closing stock price has recently approached the 130% threshold, which increases the possibility that the Convertible Notes could become convertible in the near future, at which point the Convertible Notes would be classified as a current liability. We have elected a net settlement method to satisfy our conversion obligation, under which we may settle the principal amount of the Convertible Notes in cash and settle the excess conversion value in shares, plus cash in lieu of fractional shares. We believe we have the ability to raise sufficient cash to repay the principal amounts due through a combination of our existing cash on hand, our credit facility and the raising of funds in the capital markets.

Our senior credit agreement and the indenture under which we issued our 6.875% senior subordinated notes due 2019 contain covenants that, among other things, limit or restrict our ability, and the ability of our subsidiaries, to incur debt, create liens, consolidate, merge or dispose of certain assets, make certain investments, engage in acquisitions, pay dividends on, repurchase or make distributions in respect of capital stock and enter into swap agreements. Our senior credit agreement also requires us to maintain a consolidated leverage ratio (generally, Consolidated Total Indebtedness to Consolidated EBITDA, each as defined in our senior credit agreement) of not more than 4.0:1 and a consolidated interest coverage ratio (generally, Consolidated EBITDA to

52

Consolidated Interest Expense, each as defined in the senior credit agreement) of not less than 3.5:1 as of the last day of any period of four consecutive fiscal quarters calculated in accordance with the definitions and methodology set forth in the senior credit agreement. Non-recurring, non-cash charges are excluded from the calculation of these ratios and, therefore, do not affect our compliance with these covenants. In addition, under our senior credit agreement, during the six-month period prior to the maturity of the Convertible Notes, we are required to maintain minimum liquidity of $400 million. As of September 29, 2013, we were in compliance with all terms of our senior credit agreement and our 2019 Notes.

On October 29, 2013, we signed a definitive agreement to acquire privately-held Vidacare Corporation, a global provider of intraosseous, or inside the bone, access devices. The transaction, which we intend to initially fund with borrowings under our revolving credit facility, is valued at $262.5 million, net of cash acquired. The acquisition will complement our vascular access product portfolio in our Critical Care division. The acquisition is subject to customary closing conditions, including receipt of certain regulatory approvals, and is expected to be completed in the fourth quarter of 2013.

We believe that our cash flow from operations, available cash and cash equivalents and our ability to access additional funds through credit facilities and the capital markets will enable us to fund our operating requirements, capital expenditures and debt obligations for the next 12 months and the foreseeable future. Depending on conditions in the capital markets and other factors, we will from time to time consider other financing transactions, the proceeds of which could be used to refinance current indebtedness or for other purposes.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

See the information set forth in Part II, Item 7A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

Item 4. Controls and Procedures

(a) Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures as of the end of the period covered by this report are functioning effectively to provide reasonable assurance that the information required to be disclosed by us in reports filed under the Securities Exchange Act of 1934 is (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to our management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding disclosure. A controls system cannot provide absolute assurance that the objectives of the controls system are met, and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been detected.

(b) Change in Internal Control over Financial Reporting

At the beginning of the third quarter of 2013, certain of our manufacturing, distribution and administrative business units in the Americas and EMEA converted to an enterprise resource planning (ERP) system already used in a significant portion of the Company’s operations. This conversion will impact certain interfaces with the Company’s customers and suppliers, resulting in changes to the tools the Company uses to take orders, procure materials, schedule production, remit billings, make payments and perform other business functions. We believe that the expanded utilization of the ERP system and related changes to processes and

53

internal controls will enhance our internal control over financial reporting by improving the efficiency of certain financial and related transaction processes while providing us with the ability to scale our business.

Other than the ERP system implementation discussed above, there were no changes in our internal control over financial reporting during our most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II — OTHER INFORMATION

Item 1. Legal Proceedings

We are a party to various lawsuits and claims arising in the normal course of business. These lawsuits and claims include actions involving product liability, intellectual property, employment and environmental matters. Based on information currently available, advice of counsel, established reserves and other resources, we do not believe that any such actions are likely to be, individually or in the aggregate, material to our business, financial condition, results of operations or liquidity. However, in the event of unexpected further developments, it is possible that the ultimate resolution of these matters, or other similar matters, if unfavorable, may be materially adverse to our business, financial condition, results of operations or liquidity.

Item 1A. Risk Factors

There have been no significant changes in risk factors for the quarter ended September 29, 2013. See the information set forth in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

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

Not applicable.

Item 3. Defaults Upon Senior Securities

Not applicable.

Item 5. Other Information

Not applicable.

55

Item 6. Exhibits

The following exhibits are filed as part of this report:

Exhibit No.		Description
12.1	—	Computation of ratio of earnings to fixed charges.
31.1	—	Certification of Chief Executive Officer, pursuant to Rule 13a–14(a) under the Securities Exchange Act of 1934.
31.2	—	Certification of Chief Financial Officer, pursuant to Rule 13a–14(a) under the Securities Exchange Act of 1934.
32.1	—	Certification of Chief Executive Officer, pursuant to Rule 13a–14(b) under the Securities Exchange Act of 1934.
32.2	—	Certification of Chief Financial Officer, pursuant to Rule 13a–14(b) under the Securities Exchange Act of 1934.
101.1	—	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 29, 2013, formatted in XBRL (eXtensible Business Reporting Language): (i) the Condensed Consolidated Statements of Income for the three and nine months ended September 29, 2013 and September 30, 2012; (ii) the Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 29, 2013 and September 30, 2012; (iii) the Condensed Consolidated Balance Sheets as of September 29, 2013 and December 31, 2012; (iv) the Condensed Consolidated Statements of Cash Flows for the nine months ended September 29, 2013 and September 30, 2012; (v) the Condensed Consolidated Statements of Changes in Equity for the nine months ended September 29, 2013 and September 30, 2012; and (vi) Notes to Condensed Consolidated Financial Statements.

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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.

TELEFLEX INCORPORATED
By:	/s/    Benson F. Smith
	Benson F. Smith Chairman, President and Chief Executive Officer (Principal Executive Officer)

By:	/s/    Thomas E. Powell
	Thomas E. Powell Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer)

Dated:  October 30, 2013

57

EX-12.1

Exhibit 12.1

TELEFLEX, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands, except ratios)

	Nine Months Ended						Year Ended December 31,
	September 29, 2013			September 30, 2012			2012			2011			2010			2009			2008
Earnings:
Income (loss) from continuing operations before taxes before adjustment for income or loss from equity investees	$	135,839		$	(209,435	)	$	(165,369	)	$	145,100		$	104,590		$	159,824		$	81,914
Amortization of previously capitalized interest		20			—			—			—			—			9			35
Distributed income of equity investees		—			—			—			—			—			—			310
Capitalized interest		(393	)		—			(400	)		—			—			—			—
Non-controlling interest income		(629	)		(701	)		(955	)		(1,021	)		(861	)		(632	)		(441	)
	$	134,837		$	(210,136	)	$	(166,724	)	$	144,079		$	103,729		$	159,201		$	81,818
Fixed charges:
Interest expense	$	31,338		$	44,205		$	55,149		$	57,010		$	72,281		$	83,952		$	116,317
Amortization of debt expense		11,228			10,739			14,416			13,526			7,750			5,511			5,330
Capitalized interest		393			—			400			—			—			—			—
Approximate portion of interest factor in rents		6,544			5,743			8,071			9,977			10,477			11,624			12,134
Total fixed charges		49,503			60,687			78,036			80,513			90,508			101,087			133,781
Earnings and fixed charges	$	184,340		$	(149,449	)	$	(88,688	)	$	224,592		$	194,237		$	260,288		$	215,599
Ratio of earnings to fixed charges		3.7			(2.5	)		(1.1	)		2.8			2.1			2.6			1.6

EX-31.1

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Benson F. Smith, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Teleflex Incorporated;

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.

Date: October 30, 2013	/s/ Benson F. Smith
	Benson F. Smith
	Chairman, President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Thomas E. Powell, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Teleflex Incorporated;

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.

Date: October 30, 2013	/s/ Thomas E. Powell
	Thomas E. Powell
	Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

RULE 13a-14(b) UNDER THE

SECURITIES EXCHANGE ACT OF 1934

In connection with the Quarterly Report of Teleflex Incorporated (the “Company”) on Form 10-Q for the period ending September 29, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Benson F. Smith, Chairman, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §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 position and results of operations of the Company.

Date: October 30, 2013	/s/ Benson F. Smith
	Benson F. Smith Chairman, President and Chief Executive Officer

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

RULE 13a-14(b) UNDER THE

SECURITIES EXCHANGE ACT OF 1934

In connection with the Quarterly Report of Teleflex Incorporated (the “Company”) on Form 10-Q for the period ending September 29, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Thomas E. Powell, Executive Vice President and Chief Financial Officer, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §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 position and results of operations of the Company.

Date: October 30, 2013	/s/ Thomas E. Powell
	Thomas E. Powell Executive Vice President and Chief Financial Officer

XML

Condensed Consolidated Balance Sheets (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 326,437	$ 337,039	$ 634,829	$ 584,088
Accounts receivable, net	313,706	297,976
Inventories, net	346,116	323,347
Prepaid expenses and other current assets	33,393	28,712
Prepaid taxes	36,239	27,160
Deferred tax assets	44,122	46,882
Assets held for sale	10,435	7,963
Total current assets	1,110,448	1,069,079
Property, plant and equipment, net	320,542	297,945
Goodwill	1,241,393	1,249,456
Intangibles assets, net	1,048,154	1,058,792
Investments in affiliates	1,703	2,066
Deferred tax assets	932	296
Other assets	65,191	61,863
Total assets	3,788,363	3,739,497	3,670,789
Current liabilities
Current borrowings	4,700	4,700
Accounts payable	70,783	75,165
Accrued expenses	77,760	65,064
Current portion of contingent consideration	4,708	23,693
Payroll and benefit-related liabilities	66,104	74,586
Accrued interest	8,983	9,418
Income taxes payable	20,964	15,573
Other current liabilities	13,823	6,206
Total current liabilities	267,825	274,405
Long-term borrowings	980,688	965,280
Deferred tax liabilities	417,078	419,266
Pension and other postretirement benefit liabilities	153,966	170,946
Noncurrent liability for uncertain tax positions	58,662	68,292
Other liabilities	47,882	59,771
Total liabilities	1,926,101	1,957,960
Total common shareholders' equity	1,860,039	1,778,950
Noncontrolling interest	2,223	2,587
Total equity	1,862,262	1,781,537	1,755,399	1,982,783
Total liabilities and equity	3,788,363	3,739,497
Parent Company
Current assets
Cash and cash equivalents	17,083	70,860	123,254	114,531
Accounts receivable, net	1,354	2,147
Prepaid expenses and other current assets	9,756	7,769
Prepaid taxes	22,615	11,079
Deferred tax assets	13,345	13,987
Assets held for sale	1,775
Total current assets	65,928	105,842
Property, plant and equipment, net	10,222	7,258
Investments in affiliates	5,426,913	5,226,567
Deferred tax assets	58,565	59,644
Other assets	36,901	33,937
Total assets	5,598,529	5,433,248
Current liabilities
Accounts payable	85,337	80,495
Accrued expenses	16,684	11,338
Payroll and benefit-related liabilities	29,098	24,633
Accrued interest	8,979	9,413
Other current liabilities	7,528	598
Total current liabilities	147,626	126,477
Long-term borrowings	980,688	965,280
Pension and other postretirement benefit liabilities	97,783	114,257
Noncurrent liability for uncertain tax positions	13,133	13,131
Other liabilities	2,499,260	2,435,153
Total liabilities	3,738,490	3,654,298
Total common shareholders' equity	1,860,039	1,778,950
Total equity	1,860,039	1,778,950
Total liabilities and equity	5,598,529	5,433,248
Guarantor Subsidiaries
Current assets
Cash and cash equivalents		1,989
Accounts receivable, net	885,118	774,280
Inventories, net	213,769	202,748
Prepaid expenses and other current assets	5,296	5,294
Deferred tax assets	21,728	27,130
Assets held for sale	3,478	2,738
Total current assets	1,129,389	1,014,179
Property, plant and equipment, net	190,874	168,451
Goodwill	703,258	702,947
Intangibles assets, net	752,049	782,631
Investments in affiliates	1,351,908	1,281,201
Other assets	2,774,009	2,707,264
Total assets	6,901,487	6,656,673
Current liabilities
Accounts payable	994,662	873,754
Accrued expenses	23,313	20,471
Current portion of contingent consideration	4,079	21,115
Payroll and benefit-related liabilities	8,760	19,799
Other current liabilities	2,965	1,131
Total current liabilities	1,033,779	936,270
Deferred tax liabilities	421,168	427,146
Pension and other postretirement benefit liabilities	37,108	37,269
Noncurrent liability for uncertain tax positions	17,549	28,440
Other liabilities	16,021	35,543
Total liabilities	1,525,625	1,464,668
Total common shareholders' equity	5,375,862	5,192,005
Total equity	5,375,862	5,192,005
Total liabilities and equity	6,901,487	6,656,673
Non-Guarantor Subsidiaries
Current assets
Cash and cash equivalents	309,354	264,190	511,575	469,557
Accounts receivable, net	558,276	511,609
Inventories, net	148,603	136,492
Prepaid expenses and other current assets	18,341	15,649
Prepaid taxes	13,624	19,217
Deferred tax assets	9,073	6,810
Assets held for sale	5,182	5,225
Total current assets	1,062,453	959,192
Property, plant and equipment, net	119,446	122,236
Goodwill	538,135	546,509
Intangibles assets, net	296,105	276,161
Investments in affiliates	21,396	21,379
Deferred tax assets	3,975	3,197
Other assets	468,658	720,184
Total assets	2,510,168	2,648,858
Current liabilities
Current borrowings	4,700	4,700
Accounts payable	124,924	114,140
Accrued expenses	37,763	33,255
Current portion of contingent consideration	629	2,578
Payroll and benefit-related liabilities	28,246	30,154
Accrued interest	4	5
Income taxes payable	20,964	18,709
Other current liabilities	3,354	5,522
Total current liabilities	220,584	209,063
Deferred tax liabilities	57,518	54,664
Pension and other postretirement benefit liabilities	19,075	19,420
Noncurrent liability for uncertain tax positions	27,980	26,721
Other liabilities	749,499	991,327
Total liabilities	1,074,656	1,301,195
Total common shareholders' equity	1,433,289	1,345,076
Noncontrolling interest	2,223	2,587
Total equity	1,435,512	1,347,663
Total liabilities and equity	2,510,168	2,648,858
Eliminations
Current assets
Accounts receivable, net	(1,131,042)	(990,060)
Inventories, net	(16,256)	(15,893)
Prepaid taxes		(3,136)
Deferred tax assets	(24)	(1,045)
Total current assets	(1,147,322)	(1,010,134)
Investments in affiliates	(6,798,514)	(6,527,081)
Deferred tax assets	(61,608)	(62,545)
Other assets	(3,214,377)	(3,399,522)
Total assets	(11,221,821)	(10,999,282)
Current liabilities
Accounts payable	(1,134,140)	(993,224)
Income taxes payable		(3,136)
Other current liabilities	(24)	(1,045)
Total current liabilities	(1,134,164)	(997,405)
Deferred tax liabilities	(61,608)	(62,544)
Other liabilities	(3,216,898)	(3,402,252)
Total liabilities	(4,412,670)	(4,462,201)
Total common shareholders' equity	(6,809,151)	(6,537,081)
Total equity	(6,809,151)	(6,537,081)
Total liabilities and equity	$ (11,221,821)	$ (10,999,282)

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Taxes on Income from Continuing Operations - Additional Information (Detail) (USD $)	3 Months Ended			9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Jul. 01, 2012	Sep. 29, 2013	Sep. 30, 2012	Jul. 01, 2012
Income Tax Disclosure [Line Items]
Effective income tax rate	10.20%	22.80%	22.80%	14.00%	(1.40%)	(1.40%)
Goodwill, tax deductible amount			$ 45,000,000			$ 45,000,000
Goodwill impairment			$ 332,000,000		$ 332,128,000

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Pension and Other Postretirement Benefits - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 29, 2013	Sep. 29, 2013
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected employer contribution for year 2013		$ 17.5
Employer contribution to pension plan	$ 2.1	$ 15.7

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Subsequent Event - Additional Information (Detail) (Vidacare Corporation, USD $) In Millions, unless otherwise specified	Oct. 29, 2013
Vidacare Corporation
Subsequent Event [Line Items]
Business acquisition	$ 262.5

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Borrowings

9 Months Ended

Sep. 29, 2013

Borrowings

Note 8 — Borrowings

The components of long-term debt at September 29, 2013 and December 31, 2012 are as follows:

	September 29, 2013			December 31, 2012
	(Dollars in thousands)
Senior Credit Facility:
Revolving credit facility, at a rate of 1.93% at September 29, 2013, due 7/16/2018	$	382,000		$	—
Term loan facility, at a rate of 2.75% at December 31, 2012, due 10/1/2014		—			375,000
3.875% Convertible Senior Subordinated Notes due 2017		400,000			400,000
6.875% Senior Subordinated Notes due 2019		250,000			250,000
		1,032,000			1,025,000
Less: Unamortized debt discount on 3.875% Convertible Senior Subordinated Notes due 2017		(51,312	)		(59,720	)
	$	980,688		$	965,280

Senior Credit Facility

On July 16, 2013, the Company replaced its $775 million senior credit facility comprised of a $375 million term loan and a $400 million revolving credit facility with a new $850 million senior credit facility consisting solely of a revolving credit facility. In connection with this transaction, the Company incurred transaction fees of $6.4 million, which were recorded as a deferred asset and will be amortized over the term of the facility. Additionally, during the third quarter of 2013, in connection with the early repayment of its $375 million term loan, the Company recognized expense of approximately $1.3 million resulting from the write-off of unamortized debt issuance costs.

The new $850 million senior credit facility bears interest at an applicable rate elected by the Company generally equal to either the “base rate” (the greater of either the federal funds effective rate plus 0.5%, the prime rate or one month LIBOR plus 1.0%) plus an applicable margin of 0.25% to 1.00%, or a “LIBOR rate” for the period corresponding to the applicable interest period of the borrowings plus an applicable margin of 1.25% to 2.00%. As of September 29, 2013, the interest rate on the $850 million senior credit facility was 1.93% (comprised of a LIBOR rate of 0.18% plus a margin of 1.75%).

Convertible Notes

The Company’s 3.875% Convertible Notes are convertible under certain circumstances, including upon the attainment of a closing price per share of its common stock that is at least 130% of the conversion price (approximately $79.72) for at least 20 trading days during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding fiscal quarter. The Company’s closing stock price has recently approached the 130% threshold, which increases the possibility that the Convertible Notes could become convertible in the near future, at which point the Convertible Notes would be classified as a current liability. The Company has elected a net settlement method to satisfy its conversion obligation, under which the Company may settle the principal amount of the Convertible Notes in cash and settle the excess conversion value in shares, plus cash in lieu of fractional shares.

Fair Value of Long-Term Debt

The carrying amount of long-term debt reported in the consolidated balance sheet as of September 29, 2013 is $980.7 million. The Company uses a discounted cash flow technique that incorporates a market interest yield curve with adjustments for duration, optionality, and risk profile to determine the fair value of its debt. The Company’s implied credit rating is a factor in determining the market interest yield curve. The following table provides the fair value of the Company’s debt as of September 29, 2013, categorized by fair value hierarchy level (see Note 12, “Fair value measurement,” in the Company’s annual report on Form 10-K for the year ended December 31, 2012 for further information) :

	Fair value of debt
	(Dollars in thousands)
Level 1	$	824,748
Level 2		367,918
Total	$	1,192,666

Debt Maturities

As of September 29, 2013, the aggregate amounts of long-term debt, demand loans and debt under the Company’s securitization program that will mature during the remainder of 2013, during each of the next three fiscal years and thereafter were as follows:

	(Dollars in thousands)
2013	$	4,700
2014		—
2015		—
2016		—
2017 and thereafter		1,032,000

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Components of Intangible Assets (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 1,336,554	$ 1,310,464
Accumulated Amortization	(288,400)	(251,672)
In Process Research and Development
Finite-Lived Intangible Assets [Line Items]
In-process research and development	71,634	53,157
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	586,790	580,151
Accumulated Amortization	(161,357)	(141,520)
Intellectual property
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	278,263	276,458
Accumulated Amortization	(111,602)	(95,967)
Distribution rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	16,708	16,567
Accumulated Amortization	(14,383)	(13,880)
Trade Names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	382,822	384,131
Accumulated Amortization	(1,029)	(305)
Noncompete Agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	337
Accumulated Amortization	$ (29)

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Net income (loss)	$ 46,808	$ 21,930	$ 116,682	$ (218,679)
Other comprehensive income (loss), net of tax:
Foreign currency translation, net of tax of $6,520, $4,629, $5,167, $(4,555) for the three and nine month periods, respectively	23,530	46,056	(9,275)	10,348
Pension and other postretirement benefits plans adjustment, net of tax of $502, $525, $1,525, $1,782 for the three and nine month periods, respectively	779	872	2,735	3,208
Derivatives qualifying as hedges, net of tax of $(23), $1,548, $(30), $4,013 for the three and nine month periods, respectively	(40)	2,706	(52)	7,012
Other comprehensive income (loss), net of tax	24,269	49,634	(6,592)	20,568
Comprehensive income (loss)	71,077	71,564	110,090	(198,111)
Less: comprehensive income attributable to noncontrolling interest	128	394	372	744
Comprehensive income (loss) attributable to common shareholders	$ 70,949	$ 71,170	$ 109,718	$ (198,855)

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Basis of presentation

9 Months Ended

Sep. 29, 2013

Basis of presentation

Note 1 — Basis of presentation

We prepared the accompanying unaudited condensed consolidated financial statements of Teleflex Incorporated on the same basis as our annual consolidated financial statements.

In the opinion of management, our financial statements reflect all adjustments, which are of a normal recurring nature, necessary for a fair presentation of financial statements for interim periods in accordance with U.S. generally accepted accounting principles (GAAP) and with Rule 10-01 of SEC Regulation S-X, which sets forth the instructions for financial statements included in Form 10-Q. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our financial statements, as well as the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates.

In accordance with applicable accounting standards, the accompanying condensed consolidated financial statements do not include all of the information and footnote disclosures that are required to be included in our annual consolidated financial statements. The year-end condensed balance sheet data was derived from audited financial statements, but, as permitted by Rule 10-01 of SEC Regulation S-X, does not include all disclosures required by GAAP for complete financial statements. Accordingly, our quarterly condensed consolidated financial statements should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2012.

The Company revised its Condensed Consolidated Statement of Cash Flows in the second quarter ended June 30, 2013 to reflect contingent consideration payments related to businesses acquired as a cash outflow from financing activities of continuing operations, thereby correcting a presentation error in previous filings. Since 2011, these payments were reflected as a cash outflow from investing activities of continuing operations. The Company has revised the Condensed Consolidated Statement of Cash Flows for the nine months ended September 30, 2012 to reflect $6.9 million of contingent consideration payments as cash outflows from financing activities, as the payments were incorrectly reported as cash outflows from investing activities in previous filings. Additionally, the Company will reclassify, in future filings containing prior period financial statements and in the same manner as described above, the following contingent consideration payments related to businesses acquired: $5.9 million during the twelve months ended December 31, 2011, $17.6 million during the twelve months ended December 31, 2012 and $7.2 million during the three months ended March 31, 2013. This change does not affect the Company’s condensed consolidated balance sheet, statement of operations and comprehensive income or statement of changes in stockholders’ equity. Moreover the reclassifications resulting from the change were not considered material to any previously issued financial statements.

As used in this report, the terms “we,” “us,” “our,” “Teleflex” and the “Company” mean Teleflex Incorporated and its subsidiaries, unless the context indicates otherwise. The results of operations for the periods reported are not necessarily indicative of those that may be expected for a full year.

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Business segment information

9 Months Ended

Sep. 29, 2013

Business segment information

Note 15 — Business segment information

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

Three of the four reportable segments are geographically based: Americas (representing the Company’s operations in North America and Latin America), EMEA (representing the Company’s operations in Europe, the Middle East and Africa) and Asia. The fourth reportable segment is Original Equipment Manufacturer and Development Services (“OEM”).

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

The following tables present the Company’s segment results for the three and nine months ended September 29, 2013 and September 30, 2012:

	Three Months Ended September 29, 2013
	Americas		EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	192,494	$	132,265	$	55,263	$	33,774	$	413,796
Segment depreciation and amortization		17,783		7,035		1,134		1,123		27,075
Segment operating profit(1)		25,564		20,479		20,399		6,684		73,126
Segment expenditures for property, plant and equipment		14,188		2,701		258		508		17,655
Restructuring and other impairment charges		4,664		2,219		201		—		7,084
Intersegment revenues		26,550		42,480		12,191		163
	Three Months Ended September 30, 2012
	Americas		EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	169,548	$	116,015	$	45,592	$	36,899	$	368,054
Segment depreciation and amortization		16,439		5,249		967		1,058		23,713
Segment operating profit(1)		17,476		5,318		18,718		9,417		50,929
Segment expenditures for property, plant and equipment		9,253		3,248		43		2,052		14,596
Restructuring and other impairment charges		1,069		19		—		—		1,088
Intersegment revenues		38,874		17,136		—		94

	Nine Months Ended September 29, 2013
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	587,945		$	412,525	$	148,040	$	97,222	$	1,245,732
Segment depreciation and amortization		51,493			20,666		3,506		3,370		79,035
Segment operating profit(1)		79,941			58,163		49,520		20,778		208,402
Segment assets		1,974,737			998,256		247,118		41,073		3,261,184
Segment expenditures for property, plant and equipment		42,900			8,691		431		2,212		54,234
Restructuring and other impairment charges		16,745			11,426		446		588		29,205
Intersegment revenues		95,872			115,770		33,738		373
	Nine Months Ended September 30, 2012
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	526,685		$	377,513	$	123,205	$	104,550	$	1,131,953
Segment depreciation and amortization		47,482			16,096		2,561		3,022		69,161
Segment operating profit(1)		64,975			46,706		41,500		22,884		176,065
Segment assets		1,784,773			767,995		268,669		38,835		2,860,272
Segment expenditures for property, plant and equipment		20,870			9,620		105		8,545		39,140
Restructuring and other impairment charges		(581	)		665		—		—		84
Intersegment revenues		114,562			52,235		—		382

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

The following tables present reconciliations of segment results to the Company’s condensed consolidated income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes for the three and nine months ended September 29, 2013 and September 30, 2012:

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in thousands)
Reconciliation of Segment Operating Profit to Income (Loss) from Continuing Operations Before Interest, Loss on Extinguishments of Debt and Taxes
Segment operating profit	$	73,126		$	50,929		$	208,402		$	176,065
Goodwill impairment		—			—			—			(332,128	)
Restructuring and other impairment charges		(7,084	)		(1,088	)		(29,205	)		(84	)
Gain on sales of businesses and assets		—			—			—			332
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	$	66,042		$	49,841		$	179,197		$	(155,815	)

	September 29, 2013		September 30, 2012
	(Dollars in thousands)
Reconciliation of Segment Assets to Condensed Consolidated Total Assets
Segment assets	$	3,261,184	$	2,860,272
Corporate assets		516,744		802,656
Assets held for sale		10,435		7,861
Total assets	$	3,788,363	$	3,670,789

	Three Months Ended				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(Dollars in thousands)
Reconciliation of Segment Expenditures for Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plant and Equipment
Segment expenditures for property, plant and equipment	$	17,655	$	14,596	$	54,234	$	39,140
Corporate expenditures for property, plant and equipment		88		2,603		406		6,952
Total expenditures for property, plant and equipment	$	17,743	$	17,199	$	54,640	$	46,092

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Reconciliation of Changes in Level Three Financial Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2013
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 51,196
Payment	(18,177)
Revaluations	(12,387)
Translation adjustment	(22)
Ending balance	$ 20,610

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Components of Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012
Line of Credit Facility [Line Items]
Long-term debt, Gross	$ 1,032,000	$ 1,025,000
Total long-term debt	980,688	965,280
Revolving Credit Facility
Line of Credit Facility [Line Items]
Senior Credit Facility	382,000
Term loan facility, at a rate of 2.75%, due 10/1/2014
Line of Credit Facility [Line Items]
Senior Credit Facility		375,000
3.875% Convertible Senior Subordinated Notes Due 2017
Line of Credit Facility [Line Items]
3.875% Convertible Senior Subordinated Notes due 2017	400,000	400,000
Less: Unamortized debt discount on 3.875% Convertible Senior Subordinated Notes due 2017	(51,312)	(59,720)
6.875% Senior Subordinated Notes Due 2019
Line of Credit Facility [Line Items]
6.875% Senior Subordinated Notes due 2019	$ 250,000	$ 250,000

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Financial instruments

9 Months Ended

Sep. 29, 2013

Financial instruments

Note 9 — Financial instruments

The Company uses derivative instruments for risk management purposes. Forward rate contracts are used to manage foreign currency transaction exposure. These derivative instruments are designated as cash flow hedges and are recorded on the balance sheet at fair market value. The effective portion of the gains or losses on derivatives is reported as a component of other comprehensive income and thereafter is recognized in the statement of income (loss) in the period or periods during which the hedged transaction affects earnings. Gains and losses on the derivatives representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. See Note 10, “Fair value measurement” for additional information.

The following table presents the location and fair values of derivative instruments designated as hedging instruments in the condensed consolidated balance sheet as of September 29, 2013 and December 31, 2012:

	September 29, 2013 Fair Value		December 31, 2012 Fair Value
	(Dollars in thousands)
Asset derivatives:
Foreign exchange contracts:
Prepaid expenses and other current assets	$	184	$	1,279
Total asset derivatives	$	184	$	1,279
Liability derivatives:
Foreign exchange contracts:
Other current liabilities	$	1,171	$	598
Total liability derivatives	$	1,171	$	598

The following table provides information as to the gains and losses attributable to derivatives in cash flow hedging relationships that were reported in other comprehensive income (“OCI”) for the three and nine months ended September 29, 2013 and September 30, 2012:

	After Tax Gain/(Loss) Recognized in OCI
	Three Months Ended					Nine Months Ended
	September 29, 2013			September 30, 2012		September 29, 2013			September 30, 2012
	(Dollars in thousands)
Interest rate swap	$	—		$	2,329	$	—		$	7,032
Foreign exchange contracts		(40	)		377		(52	)		(20	)
Total	$	(40	)	$	2,706	$	(52	)	$	7,012

See Note 11 for information on the location and amount of gains and losses attributable to derivatives that were reclassified from accumulated other comprehensive income (“AOCI”) to expense (income), net of tax.

There was no ineffectiveness related to the Company’s derivatives used during the three and nine months ended September 29, 2013 and September 30, 2012.

Based on exchange rates at September 29, 2013, approximately $0.4 million of unrealized losses, net of tax, within AOCI are expected to be reclassified from AOCI to the statement of income (loss) during the next three months. However, the actual amount reclassified from AOCI could vary due to future changes in exchange rates.

In 2011, the Company terminated its interest rate swap covering a notional amount of $350 million designated as a hedge against the variability of the cash flows in the interest payments under the Company’s term loan. The $11.7 million pre-tax value of the interest rate swap was amortized as interest expense over the remaining term of the hedge agreement. As of the end of the third quarter of 2012, all unrealized losses within AOCI associated with this interest rate swap were reclassified into the statement of income (loss).

Concentration of Credit Risk

Concentrations of credit risk with respect to trade accounts receivable are generally limited due to the Company’s large number of customers and their diversity across many geographic areas. A portion of the Company’s trade accounts receivable outside the United States, however, include sales to government-owned or supported healthcare systems in several countries which are subject to payment delays. Payment is dependent upon the financial stability and creditworthiness of those countries’ economies.

In the ordinary course of business, the Company grants non-interest bearing trade credit to its customers on normal credit terms. In an effort to reduce its credit risk, the Company (i) establishes credit limits for all of its customer relationships, (ii) performs ongoing credit evaluations of its customers’ financial condition, (iii) monitors the payment history and aging of its customers’ receivables, and (iv) monitors open orders against an individual customer’s outstanding receivable balance.

An allowance for doubtful accounts is maintained for accounts receivable based on the Company’s historical collection experience and expected collectability of the accounts receivable, considering the period an account is outstanding, the financial position of the customer and information provided by credit rating services. The adequacy of this allowance is reviewed each reporting period and adjusted as necessary.

In light of the disruptions in global economic markets, the Company instituted enhanced measures, within countries where the Company has collectability concerns, to facilitate customer-by-customer risk assessment when estimating the allowance for doubtful accounts. Such measures included, among others, monthly credit control committee meetings, at which customer credit risks are identified after review of, among other things, accounts that exceed specified credit limits, payment delinquencies and other customer issues. In addition, for some of the Company’s non-government customers, the Company instituted measures designed to reduce its risk exposures, including issuing dunning letters, reducing credit limits, requiring that payments accompany orders and instituting legal action with respect to delinquent accounts. With respect to government customers, the Company evaluates receivables for potential collection risks associated with the availability of government funding and reimbursement practices.

Some of the Company’s customers, particularly in Europe, have extended or delayed payments for products and services already provided. Collectability concerns regarding the Company’s accounts receivable from these customers, for the most part in Greece, Italy, Spain and Portugal, resulted in an increase in the allowance for doubtful accounts related to these countries. If the financial condition of these customers or the healthcare systems in these countries continue to deteriorate such that the ability of an increasing number of customers to make payments is uncertain, additional allowances may be required in future periods. The Company’s aggregate accounts receivable, net of the allowance for doubtful accounts, in Spain, Italy, Greece and Portugal and the percentage of the Company’s total accounts receivable, net of the allowance for doubtful accounts, represented by the net accounts receivable in those countries at September 29, 2013 and December 31, 2012 are as follows:

	September 29, 2013			December 31, 2012
	(Dollars in thousands)
Accounts receivable (net of allowances of $8.4 million and $6.3 million at September 29, 2013 and December 31, 2012, respectively) in Spain, Italy, Greece and Portugal	$	106,571		$	101,009
Percentage of total accounts receivable, net		34	%		34	%

For the nine months ended September 29, 2013 and September 30, 2012, net revenues from customers in Spain, Italy, Greece and Portugal were $106.3 million and $101.4 million, respectively.

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Condensed Consolidated Statements of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities from continuing operations	$ 134,217	$ 139,132
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment	(54,640)	(46,092)
Investments in affiliates	(50)	(80)
Proceeds from sales of businesses and assets, net of cash sold		66,605
Payments for businesses and intangibles acquired, net of cash acquired	(40,450)	(55,697)
Net cash (used in) provided by investing activities from continuing operations	(95,140)	(35,264)
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings	382,000
Decrease in notes payable and current borrowings		(706)
Repayment of long-term borrowings	(375,000)
Debt extinguishment, issuance and amendment fees	(6,365)
Proceeds from stock compensation plans	6,395	7,714
Dividends	(41,915)	(41,661)
Payments for contingent consideration	(16,367)	(6,930)
Payments to noncontrolling interest shareholders	(736)
Net cash provided by (used in) financing activities from continuing operations	(51,988)	(41,583)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities	(2,167)	(6,477)
Net cash used in investing activities		(2,351)
Net cash (used in) provided by discontinued operations	(2,167)	(8,828)
Effect of exchange rate changes on cash and cash equivalents	4,476	(2,716)
Net (decrease) increase in cash and cash equivalents	(10,602)	50,741
Cash and cash equivalents at the beginning of the period	337,039	584,088
Cash and cash equivalents at the end of the period	326,437	634,829
Parent Company
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities from continuing operations	(88,608)	(123,496)
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment	(799)	(6,952)
Investments in affiliates	(50)	(80)
Proceeds from sales of businesses and assets, net of cash sold		4,301
Net cash (used in) provided by investing activities from continuing operations	(849)	(2,731)
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings	382,000
Repayment of long-term borrowings	(375,000)
Debt extinguishment, issuance and amendment fees	(6,365)
Proceeds from stock compensation plans	6,395	7,714
Dividends	(41,915)	(41,661)
Intercompany transactions	72,132	179,626
Net cash provided by (used in) financing activities from continuing operations	37,247	145,679
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities	(1,567)	(10,729)
Net cash (used in) provided by discontinued operations	(1,567)	(10,729)
Net (decrease) increase in cash and cash equivalents	(53,777)	8,723
Cash and cash equivalents at the beginning of the period	70,860	114,531
Cash and cash equivalents at the end of the period	17,083	123,254
Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities from continuing operations	86,327	179,665
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment	(42,854)	(26,238)
Proceeds from sales of businesses and assets, net of cash sold		45,149
Payments for businesses and intangibles acquired, net of cash acquired	(1,820)	(52,404)
Net cash (used in) provided by investing activities from continuing operations	(44,674)	(33,493)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		(421)
Payments for contingent consideration	(14,802)	(6,930)
Intercompany transactions	(28,840)	(140,722)
Net cash provided by (used in) financing activities from continuing operations	(43,642)	(148,073)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		4,252
Net cash used in investing activities		(2,351)
Net cash (used in) provided by discontinued operations		1,901
Net (decrease) increase in cash and cash equivalents	(1,989)
Cash and cash equivalents at the beginning of the period	1,989
Non-Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash (used in) provided by operating activities from continuing operations	136,498	82,963
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment	(10,987)	(12,902)
Proceeds from sales of businesses and assets, net of cash sold		17,155
Payments for businesses and intangibles acquired, net of cash acquired	(38,630)	(3,293)
Net cash (used in) provided by investing activities from continuing operations	(49,617)	960
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		(285)
Payments for contingent consideration	(1,565)
Payments to noncontrolling interest shareholders	(736)
Intercompany transactions	(43,292)	(38,904)
Net cash provided by (used in) financing activities from continuing operations	(45,593)	(39,189)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities	(600)
Net cash (used in) provided by discontinued operations	(600)
Effect of exchange rate changes on cash and cash equivalents	4,476	(2,716)
Net (decrease) increase in cash and cash equivalents	45,164	42,018
Cash and cash equivalents at the beginning of the period	264,190	469,557
Cash and cash equivalents at the end of the period	$ 309,354	$ 511,575

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Restructuring and Other Impairment Charges - Additional Information (Detail) (USD $)	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended	3 Months Ended	9 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended	12 Months Ended		12 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 29, 2013	Sep. 29, 2013 2012 Restructuring Charges	Sep. 29, 2013 2012 Restructuring Charges	Dec. 31, 2012 2012 Restructuring Charges Facility	Sep. 29, 2013 2007 Arrow Integration Program	Sep. 30, 2012 2007 Arrow Integration Program	Sep. 29, 2013 2007 Arrow Integration Program	Sep. 30, 2012 2007 Arrow Integration Program	Dec. 31, 2012 2007 Arrow Integration Program	Sep. 29, 2013 LMA Restructuring Program	Sep. 29, 2013 LMA Restructuring Program	Dec. 31, 2012 LMA Restructuring Program	Sep. 29, 2013 LMA Restructuring Program Contract Termination Costs	Dec. 31, 2012 LMA Restructuring Program Contract Termination Costs	Sep. 30, 2012 2011 Restructuring Program	Sep. 30, 2012 2011 Restructuring Program	Dec. 31, 2011 2011 Restructuring Program Facility	Sep. 29, 2013 2011 Restructuring Program	Dec. 31, 2011 2011 Restructuring Program Contract Termination Costs	Sep. 29, 2013 2013 Restructuring Program	Sep. 29, 2013 2013 Restructuring Program	Mar. 31, 2013 Axiom Technology Partners LLC	Sep. 29, 2013 North America and Europe 2013 Restructuring Program	Sep. 29, 2013 North America and Europe 2013 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges														$ 7,000,000						$ 2,700,000
Restructuring charges			1,100,000	4,200,000		38,000	41,000	173,000	(1,834,000)		1,768,000	8,364,000				(60,000)	(60,000)				826,000	8,656,000		800,000	8,700,000
Restructuring reserve			2,500,000	2,500,000		400,000		400,000			2,311,000	2,311,000	2,033,000	800,000	277,000				1,300,000					3,000,000	3,000,000
Number of facilities under restructuring program					3													3
Contract termination costs									2,023,000	2,000,000	(1,097,000)	(4,378,000)
In-process research and development impairment		4,494,000																					4,500,000
Impairment charges related to assets held for sale	$ 3,354,000	$ 3,354,000

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Segment Result (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 29, 2013		Sep. 30, 2012		Sep. 29, 2013		Sep. 30, 2012		Dec. 31, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	$ 413,796		$ 368,054		$ 1,245,732		$ 1,131,953
Segment operating profit	66,042		49,841		179,197		(155,815)
Segment assets	3,788,363		3,670,789		3,788,363		3,670,789		3,739,497
Segment expenditures for property, plant and equipment	17,743		17,199		54,640		46,092
Restructuring and other impairment charges	7,084		1,088		29,205		84
Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	413,796		368,054		1,245,732		1,131,953
Segment depreciation and amortization	27,075		23,713		79,035		69,161
Segment operating profit	73,126	[1]	50,929	[1]	208,402	[1]	176,065	[1]
Segment assets	3,261,184		2,860,272		3,261,184		2,860,272
Segment expenditures for property, plant and equipment	17,655		14,596		54,234		39,140
Restructuring and other impairment charges	7,084		1,088		29,205		84
Americas | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	192,494		169,548		587,945		526,685
Segment depreciation and amortization	17,783		16,439		51,493		47,482
Segment operating profit	25,564	[1]	17,476	[1]	79,941	[1]	64,975	[1]
Segment assets	1,974,737		1,784,773		1,974,737		1,784,773
Segment expenditures for property, plant and equipment	14,188		9,253		42,900		20,870
Restructuring and other impairment charges	4,664		1,069		16,745		(581)
Americas | Intersegment revenues
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	26,550		38,874		95,872		114,562
EMEA | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	132,265		116,015		412,525		377,513
Segment depreciation and amortization	7,035		5,249		20,666		16,096
Segment operating profit	20,479	[1]	5,318	[1]	58,163	[1]	46,706	[1]
Segment assets	998,256		767,995		998,256		767,995
Segment expenditures for property, plant and equipment	2,701		3,248		8,691		9,620
Restructuring and other impairment charges	2,219		19		11,426		665
EMEA | Intersegment revenues
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	42,480		17,136		115,770		52,235
Asia | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	55,263		45,592		148,040		123,205
Segment depreciation and amortization	1,134		967		3,506		2,561
Segment operating profit	20,399	[1]	18,718	[1]	49,520	[1]	41,500	[1]
Segment assets	247,118		268,669		247,118		268,669
Segment expenditures for property, plant and equipment	258		43		431		105
Restructuring and other impairment charges	201				446
Asia | Intersegment revenues
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	12,191				33,738
OEM | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	33,774		36,899		97,222		104,550
Segment depreciation and amortization	1,123		1,058		3,370		3,022
Segment operating profit	6,684	[1]	9,417	[1]	20,778	[1]	22,884	[1]
Segment assets	41,073		38,835		41,073		38,835
Segment expenditures for property, plant and equipment	508		2,052		2,212		8,545
Restructuring and other impairment charges					588
OEM | Intersegment revenues
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenues	$ 163		$ 94		$ 373		$ 382

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

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Components of Long-Term Debt (Parenthetical) (Detail)			9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013 Revolving Credit Facility	Dec. 31, 2012 Term loan facility, at a rate of 2.75%, due 10/1/2014	Sep. 29, 2013 3.875% Convertible Senior Subordinated Notes Due 2017	Dec. 31, 2012 3.875% Convertible Senior Subordinated Notes Due 2017	Sep. 29, 2013 6.875% Senior Subordinated Notes Due 2019	Dec. 31, 2012 6.875% Senior Subordinated Notes Due 2019
Line of Credit Facility [Line Items]
Interest rate			1.93%
Interest rate	3.875%	3.875%		2.75%	3.875%	3.875%	6.875%	6.875%
Debt instrument maturity date					2017	2017	2019	2019
Debt instrument maturity date			Jul. 16, 2018	Oct. 01, 2014

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Pension and other postretirement benefits (Tables)

9 Months Ended

Sep. 29, 2013

Net Benefit Cost of Pension and Postretirement Benefit Plans

Net benefit cost of pension and postretirement benefit plans consisted of the following:

	Pension Three Months Ended						Postretirement Benefits Three Months Ended				Pension Nine Months Ended						Postretirement Benefits Nine Months Ended
	September  29, 2013			September  30, 2012			September  29, 2013		September  30, 2012		September  29, 2013			September  30, 2012			September  29, 2013		September  30, 2012
	(Dollars in thousands)
Service cost	$	432		$	696		$	176	$	159	$	1,361		$	2,085		$	501	$	475
Interest cost		4,333			4,115			543		473		12,614			12,366			2,084		1,419
Expected return on Plan assets		(5,784	)		(5,043	)		—		—		(17,328	)		(15,128	)		—		—
Net amortization and deferral		1,556			1,604			137		123		4,380			4,814			1,069		368
Settlement charge		—			—			—		—		—			(124	)		—		—
Curtailment charge		—			—			—		—		—			111			—		—
Net benefit cost	$	537		$	1,372		$	856	$	755	$	1,027		$	4,124		$	3,654	$	2,262

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Subsequent event

9 Months Ended

Sep. 29, 2013

Subsequent event

Note 18 — Subsequent event

On October 29, 2013, the Company signed a definitive agreement to acquire privately-held Vidacare Corporation, a global provider of intraosseous, or inside the bone, access devices. The transaction, which Teleflex intends to initially fund with borrowings under its revolving credit facility, is valued at $262.5 million, net of cash acquired. The acquisition will complement the vascular access product portfolio in the Company’s Critical Care division. The acquisition is subject to customary closing conditions, including receipt of certain regulatory approvals, and is expected to be completed in the fourth quarter of 2013.

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Divestiture-related activities

9 Months Ended

Sep. 29, 2013

Divestiture-related activities

Note 17 — Divestiture-related activities

When dispositions occur in the normal course of business, gains or losses on the sale of such businesses or assets are recognized in the statement of income (loss) line item Gain on sales of businesses and assets. In the second quarter of 2012, the Company sold a building, with a net book value of zero, that had been classified as an asset held for sale and realized a gain of approximately $0.3 million.

Assets Held for Sale

The table below provides information regarding assets held for sale at September 29, 2013 and December 31, 2012. As of September 29, assets held for sale consisted of four buildings and certain other assets which the Company is actively marketing.

	September 29, 2013		December 31, 2012
	(Dollars in thousands)
Assets held for sale:
Property, plant and equipment	$	10,435	$	7,963
Total assets held for sale	$	10,435	$	7,963

Discontinued Operations

The Company has recorded $1.7 million of income during the nine month period ended September 29, 2013 and $0.9 million and $1.1 million of expense during the three and nine month periods ended September 30, 2012, respectively, associated with retained liabilities related to businesses that have been divested.

On August 26, 2012, the Company completed the sale of the orthopedic business of its OEM Segment to Tecomet Inc. for $45.2 million in cash and realized a loss of $39 thousand, net of tax, from the sale of the business.

The following table presents the operating results of the operations that have been treated as discontinued operations for the periods presented:

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in thousands)
Net revenues	$	—		$	2,789		$	—		$	16,616
Costs and other expenses		38			3,582			(1,746	)		17,093
Goodwill impairment(1)		—			—			—			9,700
Gain (loss) on disposition(2)		—			(38	)		—			2,226
Income (loss) from discontinued operations before income taxes		38			(831	)		(1,746	)		(7,951	)
Provision for income taxes(3)		(991	)		1,690			(1,547	)		(1,668	)
Income (loss) from discontinued operations		1,029			(2,521	)		(199	)		(6,283	)
Less: Income from discontinued operations attributable to noncontrolling interest		—			—			—			—
Income (loss) from discontinued operations attributable to common shareholders	$	1,029		$	(2,521	)	$	(199	)	$	(6,283	)

(1) In the second quarter of 2012, the Company recognized a non-cash goodwill impairment charge of $9.7 million to adjust the carrying value of the orthopedic business to its estimated fair value.

(2) The $2.2 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

(3) The provision for income taxes for the three months ended September 29, 2013 was impacted favorably by the realization of a tax benefit resulting from the expiration of statutes of limitation for a U.S. matter.

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Restructuring and Other Impairment Charges, Restructuring Program (Detail) (LMA Restructuring Program, USD $) In Thousands, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 29, 2013	Sep. 29, 2013
LMA Restructuring Program
Restructuring Cost and Reserve [Line Items]
Termination benefits	$ 492	$ 3,318
Facility closure costs	162	536
Contract termination costs	1,097	4,378
Other restructuring costs	17	132
Restructuring charges	$ 1,768	$ 8,364

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Financial instruments (Tables)

9 Months Ended

Sep. 29, 2013

Fair Values of Derivative Instruments Designated as Hedging Instruments

The following table presents the location and fair values of derivative instruments designated as hedging instruments in the condensed consolidated balance sheet as of September 29, 2013 and December 31, 2012:

	September 29, 2013 Fair Value		December 31, 2012 Fair Value
	(Dollars in thousands)
Asset derivatives:
Foreign exchange contracts:
Prepaid expenses and other current assets	$	184	$	1,279
Total asset derivatives	$	184	$	1,279
Liability derivatives:
Foreign exchange contracts:
Other current liabilities	$	1,171	$	598
Total liability derivatives	$	1,171	$	598

After Tax Gain/(Loss) Recognized In OCI

The following table provides information as to the gains and losses attributable to derivatives in cash flow hedging relationships that were reported in other comprehensive income (“OCI”) for the three and nine months ended September 29, 2013 and September 30, 2012:

	After Tax Gain/(Loss) Recognized in OCI
	Three Months Ended					Nine Months Ended
	September 29, 2013			September 30, 2012		September 29, 2013			September 30, 2012
	(Dollars in thousands)
Interest rate swap	$	—		$	2,329	$	—		$	7,032
Foreign exchange contracts		(40	)		377		(52	)		(20	)
Total	$	(40	)	$	2,706	$	(52	)	$	7,012

Aggregate Accounts Receivable, Net of Allowance for Doubtful Accounts

The Company’s aggregate accounts receivable, net of the allowance for doubtful accounts, in Spain, Italy, Greece and Portugal and the percentage of the Company’s total accounts receivable, net of the allowance for doubtful accounts, represented by the net accounts receivable in those countries at September 29, 2013 and December 31, 2012 are as follows:

	September 29, 2013			December 31, 2012
	(Dollars in thousands)
Accounts receivable (net of allowances of $8.4 million and $6.3 million at September 29, 2013 and December 31, 2012, respectively) in Spain, Italy, Greece and Portugal	$	106,571		$	101,009
Percentage of total accounts receivable, net		34	%		34	%

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Condensed consolidated guarantor financial information (Tables)

9 Months Ended

Sep. 29, 2013

Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

	Three Months Ended September 29, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	237,949		$	238,254		$	(62,407	)	$	413,796
Cost of goods sold		—			139,501			130,825			(60,522	)		209,804
Gross profit		—			98,448			107,429			(1,885	)		203,992
Selling, general and administrative expenses		14,088			62,701			38,167			272			115,228
Research and development expenses		—			13,161			2,477			—			15,638
Restructuring and other impairment charges		828			3,834			2,422			—			7,084
Income (loss) from continuing operations before interest and taxes		(14,916	)		18,752			64,363			(2,157	)		66,042
Interest expense		33,492			(21,204	)		1,660			—			13,948
Interest income		3			(3	)		(144	)		—			(144	)
Loss on extinguishments of debt		1,250			—			—			—			1,250
Income (loss) from continuing operations before taxes		(49,661	)		39,959			62,847			(2,157	)		50,988
Taxes (benefit) on income (loss) from continuing operations		(18,446	)		14,261			9,962			(568	)		5,209
Equity in net income of consolidated subsidiaries		76,448			48,367			319			(125,134	)		—
Income from continuing operations		45,233			74,065			53,204			(126,723	)		45,779
Operating income (loss) from discontinued operations		364			—			(326	)		—			38
Taxes (benefit) on income (loss) from discontinued operations		(977	)		(170	)		156			—			(991	)
Income (loss) from discontinued operations		1,341			170			(482	)		—			1,029
Net income		46,574			74,235			52,722			(126,723	)		46,808
Less: Income from continuing operations attributable to noncontrolling interests		—			—			234			—			234
Net income attributable to common shareholders		46,574			74,235			52,488			(126,723	)		46,574
Other comprehensive income attributable to common shareholders		24,375			30,034			21,442			(51,476	)		24,375
Comprehensive income attributable to common shareholders	$	70,949		$	104,269		$	73,930		$	(178,199	)	$	70,949

	Three Months Ended September 30, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	232,155		$	196,675		$	(60,776	)	$	368,054
Cost of goods sold		—			130,840			115,381			(58,734	)		187,487
Gross profit		—			101,315			81,294			(2,042	)		180,567
Selling, general and administrative expenses		11,114			61,505			42,030			229			114,878
Research and development expenses		—			13,184			1,576			—			14,760
Restructuring and other impairment charges		—			1,070			18			—			1,088
(Gain) loss on sales of businesses and assets		1			(150,310	)		—			150,309			—
Income (loss) from continuing operations before interest and taxes		(11,115	)		175,866			37,670			(152,580	)		49,841
Interest expense		36,105			(19,488	)		1,876			—			18,493
Interest income		(107	)		—			(233	)		—			(340	)
Income (loss) from continuing operations before taxes		(47,113	)		195,354			36,027			(152,580	)		31,688
Taxes (benefit) on income (loss) from continuing operations		(16,624	)		17,739			6,811			(689	)		7,237
Equity in net income of consolidated subsidiaries		52,627			21,946			—			(74,573	)		—
Income from continuing operations		22,138			199,561			29,216			(226,464	)		24,451
Operating income (loss) from discontinued operations		(1,089	)		258			—			—			(831	)
Taxes (benefit) on income (loss) from discontinued operations		(693	)		2,649			(266	)		—			1,690
Income (loss) from discontinued operations		(396	)		(2,391	)		266			—			(2,521	)
Net income		21,742			197,170			29,482			(226,464	)		21,930
Less: Income from continuing operations attributable to noncontrolling interests		—			—			188			—			188
Net income attributable to common shareholders		21,742			197,170			29,294			(226,464	)		21,742
Other comprehensive income attributable to common shareholders		49,428			50,393			41,277			(91,670	)		49,428
Comprehensive income attributable to common shareholders	$	71,170		$	247,563		$	70,571		$	(318,134	)	$	71,170

	Nine Months Ended September 29, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	740,817		$	708,206		$	(203,291	)	$	1,245,732
Cost of goods sold		—			435,937			398,720			(202,927	)		631,730
Gross profit		—			304,880			309,486			(364	)		614,002
Selling, general and administrative expenses		45,915			189,193			123,257			66			358,431
Research and development expenses		—			40,250			6,919			—			47,169
Restructuring and other impairment charges		828			13,112			15,265			—			29,205
Income (loss) from continuing operations before interest and taxes		(46,743	)		62,325			164,045			(430	)		179,197
Interest expense		100,682			(63,348	)		5,232			—			42,566
Interest income		—			(3	)		(455	)		—			(458	)
Loss on extinguishments of debt		1,250			—			—			—			1,250
Income (loss) from continuing operations before taxes		(148,675	)		125,676			159,268			(430	)		135,839
Taxes (benefit) on income (loss) from continuing operations		(54,192	)		42,241			30,701			208			18,958
Equity in net income of consolidated subsidiaries		210,701			114,116			319			(325,136	)		—
Income from continuing operations		116,218			197,551			128,886			(325,774	)		116,881
Operating income (loss) from discontinued operations		(1,788	)		—			42			—			(1,746	)
Taxes (benefit) on income (loss) from discontinued operations		(1,623	)		(170	)		246			—			(1,547	)
Income (loss) from discontinued operations		(165	)		(170	)		(204	)		—			(199	)
Net income		116,053			197,721			128,682			(325,774	)		116,682
Less: Income from continuing operations attributable to noncontrolling interests		—			—			629			—			629
Net income attributable to common shareholders		116,053			197,721			128,053			(325,774	)		116,053
Other comprehensive loss attributable to common shareholders		(6,335	)		(3,316	)		(5,930	)		9,246			(6,335	)
Comprehensive income attributable to common shareholders	$	109,718		$	194,405		$	122,123		$	(316,528	)	$	109,718

	Nine Months Ended September 30, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	705,703		$	606,381		$	(180,131	)	$	1,131,953
Cost of goods sold		—			409,801			349,003			(175,896	)		582,908
Gross profit		—			295,902			257,378			(4,235	)		549,045
Selling, general and administrative expenses		39,683			182,882			109,861			539			332,965
Research and development expenses		—			35,103			4,912			—			40,015
Goodwill impairment		—			331,779			349			—			332,128
Restructuring and other impairment charges		—			(580	)		664			—			84
Gain on sales of businesses and assets		(116,193	)		(150,310	)		(332	)		266,503			(332	)
Income (loss) from continuing operations before interest and taxes		76,510			(102,972	)		141,924			(271,277	)		(155,815	)
Interest expense		109,206			(59,728	)		5,466			—			54,944
Interest income		(360	)		(8	)		(956	)		—			(1,324	)
Income (loss) from continuing operations before taxes		(32,336	)		(43,236	)		137,414			(271,277	)		(209,435	)
Taxes (benefit) on income (loss) from continuing operations		(51,685	)		34,932			21,306			(1,592	)		2,961
Equity in net income of consolidated subsidiaries		(238,187	)		100,706			—			137,481			—
Income (loss) from continuing operations		(218,838	)		22,538			116,108			(132,204	)		(212,396	)
Operating income (loss) from discontinued operations		(1,180	)		(9,171	)		2,400			—			(7,951	)
Benefit on income (loss) from discontinued operations		(638	)		(935	)		(95	)		—			(1,668	)
Income (loss) from discontinued operations		(542	)		(8,236	)		2,495			—			(6,283	)
Net income (loss)		(219,380	)		14,302			118,603			(132,204	)		(218,679	)
Less: Income from continuing operations attributable to noncontrolling interests		—			—			701			—			701
Net income (loss) attributable to common shareholders		(219,380	)		14,302			117,902			(132,204	)		(219,380	)
Other comprehensive income attributable to common shareholders		20,525			7,136			6,510			(13,646	)		20,525
Comprehensive income (loss) attributable to common shareholders	$	(198,855	)	$	21,438		$	124,412		$	(145,850	)	$	(198,855	)

Condensed Consolidating Balance Sheets

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 29, 2013
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	17,083	$	—	$	309,354	$	—		$	326,437
Accounts receivable, net		1,354		885,118		558,276		(1,131,042	)		313,706
Inventories, net		—		213,769		148,603		(16,256	)		346,116
Prepaid expenses and other current assets		9,756		5,296		18,341		—			33,393
Prepaid taxes		22,615		—		13,624		—			36,239
Deferred tax assets		13,345		21,728		9,073		(24	)		44,122
Assets held for sale		1,775		3,478		5,182		—			10,435
Total current assets		65,928		1,129,389		1,062,453		(1,147,322	)		1,110,448
Property, plant and equipment, net		10,222		190,874		119,446		—			320,542
Goodwill		—		703,258		538,135		—			1,241,393
Intangibles assets, net		—		752,049		296,105		—			1,048,154
Investments in affiliates		5,426,913		1,351,908		21,396		(6,798,514	)		1,703
Deferred tax assets		58,565		—		3,975		(61,608	)		932
Other assets		36,901		2,774,009		468,658		(3,214,377	)		65,191
Total assets	$	5,598,529	$	6,901,487	$	2,510,168	$	(11,221,821	)	$	3,788,363
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		85,337		994,662		124,924		(1,134,140	)		70,783
Accrued expenses		16,684		23,313		37,763		—			77,760
Current portion of contingent consideration		—		4,079		629		—			4,708
Payroll and benefit-related liabilities		29,098		8,760		28,246		—			66,104
Accrued interest		8,979		—		4		—			8,983
Income taxes payable		—		—		20,964		—			20,964
Other current liabilities		7,528		2,965		3,354		(24	)		13,823
Total current liabilities		147,626		1,033,779		220,584		(1,134,164	)		267,825
Long-term borrowings		980,688		—		—		—			980,688
Deferred tax liabilities		—		421,168		57,518		(61,608	)		417,078
Pension and other postretirement benefit liabilities		97,783		37,108		19,075		—			153,966
Noncurrent liability for uncertain tax positions		13,133		17,549		27,980		—			58,662
Other liabilities		2,499,260		16,021		749,499		(3,216,898	)		47,882
Total liabilities		3,738,490		1,525,625		1,074,656		(4,412,670	)		1,926,101
Total common shareholders’ equity		1,860,039		5,375,862		1,433,289		(6,809,151	)		1,860,039
Noncontrolling interest		—		—		2,223		—			2,223
Total equity		1,860,039		5,375,862		1,435,512		(6,809,151	)		1,862,262
Total liabilities and equity	$	5,598,529	$	6,901,487	$	2,510,168	$	(11,221,821	)	$	3,788,363

	December 31, 2012
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	70,860	$	1,989	$	264,190	$	—		$	337,039
Accounts receivable, net		2,147		774,280		511,609		(990,060	)		297,976
Inventories, net		—		202,748		136,492		(15,893	)		323,347
Prepaid expenses and other current assets		7,769		5,294		15,649		—			28,712
Prepaid taxes		11,079		—		19,217		(3,136	)		27,160
Deferred tax assets		13,987		27,130		6,810		(1,045	)		46,882
Assets held for sale		—		2,738		5,225		—			7,963
Total current assets		105,842		1,014,179		959,192		(1,010,134	)		1,069,079
Property, plant and equipment, net		7,258		168,451		122,236		—			297,945
Goodwill		—		702,947		546,509		—			1,249,456
Intangibles assets, net		—		782,631		276,161		—			1,058,792
Investments in affiliates		5,226,567		1,281,201		21,379		(6,527,081	)		2,066
Deferred tax assets		59,644		—		3,197		(62,545	)		296
Other assets		33,937		2,707,264		720,184		(3,399,522	)		61,863
Total assets	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		80,495		873,754		114,140		(993,224	)		75,165
Accrued expenses		11,338		20,471		33,255		—			65,064
Current portion of contingent consideration		—		21,115		2,578		—			23,693
Payroll and benefit-related liabilities		24,633		19,799		30,154		—			74,586
Accrued interest		9,413		—		5		—			9,418
Income taxes payable		—		—		18,709		(3,136	)		15,573
Other current liabilities		598		1,131		5,522		(1,045	)		6,206
Total current liabilities		126,477		936,270		209,063		(997,405	)		274,405
Long-term borrowings		965,280		—		—		—			965,280
Deferred tax liabilities		—		427,146		54,664		(62,544	)		419,266
Pension and other postretirement benefit liabilities		114,257		37,269		19,420		—			170,946
Noncurrent liability for uncertain tax positions		13,131		28,440		26,721		—			68,292
Other liabilities		2,435,153		35,543		991,327		(3,402,252	)		59,771
Total liabilities		3,654,298		1,464,668		1,301,195		(4,462,201	)		1,957,960
Total common shareholders’ equity		1,778,950		5,192,005		1,345,076		(6,537,081	)		1,778,950
Noncontrolling interest		—		—		2,587		—			2,587
Total equity		1,778,950		5,192,005		1,347,663		(6,537,081	)		1,781,537
Total liabilities and equity	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497

Condensed Consolidating Statements of Cash Flows

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended September 29, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(88,608	)	$	86,327		$	136,498		$	134,217
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(799	)		(42,854	)		(10,987	)		(54,640	)
Investments in affiliates		(50	)		—			—			(50	)
Payments for businesses and intangibles acquired, net of cash acquired		—			(1,820	)		(38,630	)		(40,450	)
Net cash used in investing activities from continuing operations		(849	)		(44,674	)		(49,617	)		(95,140	)
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		382,000			—			—			382,000
Repayment of long-term borrowings		(375,000	)		—			—			(375,000	)
Debt extinguishment, issuance and amendment fees		(6,365	)		—			—			(6,365	)
Proceeds from stock compensation plans		6,395			—			—			6,395
Dividends		(41,915	)		—			—			(41,915	)
Payments for contingent consideration		—			(14,802	)		(1,565	)		(16,367	)
Payments to noncontrolling interest shareholders		—			—			(736	)		(736	)
Intercompany transactions		72,132			(28,840	)		(43,292	)		—
Net cash provided by (used in) financing activities from continuing operations		37,247			(43,642	)		(45,593	)		(51,988	)
Cash Flows from Discontinued Operations:
Net cash used in operating activities		(1,567	)		—			(600	)		(2,167	)
Net cash used in discontinued operations		(1,567	)		—			(600	)		(2,167	)
Effect of exchange rate changes on cash and cash equivalents		—			—			4,476			4,476
Net (decrease) increase in cash and cash equivalents		(53,777	)		(1,989	)		45,164			(10,602	)
Cash and cash equivalents at the beginning of the period		70,860			1,989			264,190			337,039
Cash and cash equivalents at the end of the period	$	17,083		$	—		$	309,354		$	326,437

	Nine Months Ended September 30, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(123,496	)	$	179,665		$	82,963		$	139,132
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(6,952	)		(26,238	)		(12,902	)		(46,092	)
Proceeds from sales of businesses and assets, net of cash sold		4,301			45,149			17,155			66,605
Payments for businesses and intangibles acquired, net of cash acquired		—			(52,404	)		(3,293	)		(55,697	)
Investments in affiliates		(80	)		—			—			(80	)
Net cash (used in) provided by investing activities from continuing operations		(2,731	)		(33,493	)		960			(35,264	)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		—			(421	)		(285	)		(706	)
Proceeds from stock compensation plans		7,714			—			—			7,714
Payments for contingent consideration		—			(6,930	)		—			(6,930	)
Dividends		(41,661	)		—			—			(41,661	)
Intercompany transactions		179,626			(140,722	)		(38,904	)		—
Net cash provided by (used in) financing activities from continuing operations		145,679			(148,073	)		(39,189	)		(41,583	)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(10,729	)		4,252			—			(6,477	)
Net cash used in investing activities		—			(2,351	)		—			(2,351	)
Net cash (used in) provided by discontinued operations		(10,729	)		1,901			—			(8,828	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(2,716	)		(2,716	)
Net increase in cash and cash equivalents		8,723			—			42,018			50,741
Cash and cash equivalents at the beginning of the period		114,531			—			469,557			584,088
Cash and cash equivalents at the end of the period	$	123,254		$	—		$	511,575		$	634,829

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Restructuring and Other Impairment Charges, Two Thousand Seven Integration Program (Detail) (2007 Arrow Integration Program, USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Dec. 31, 2012
2007 Arrow Integration Program
Restructuring Cost and Reserve [Line Items]
Facility closure costs	$ 38	$ 41	$ 173	$ 189
Contract termination costs				(2,023)	(2,000)
Restructuring charges	$ 38	$ 41	$ 173	$ (1,834)

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Inventories, net (Tables)

9 Months Ended

Sep. 29, 2013

Inventories, net

Inventories as of September 29, 2013 and December 31, 2012 consisted of the following:

	September 29, 2013			December 31, 2012
	(Dollars in thousands)
Raw materials	$	71,751		$	84,636
Work-in-process		56,541			47,440
Finished goods		249,514			222,974
		377,806			355,050
Less: Inventory reserve		(31,690	)		(31,703	)
Inventories, net	$	346,116		$	323,347

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Aggregate Accounts Receivable, Net of Allowance for Doubtful Accounts (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 29, 2013	Dec. 31, 2012
Unusual Risk or Uncertainty [Line Items]
Accounts receivable, net	$ 313,706	$ 297,976
Spain Italy Portugal And Greece
Unusual Risk or Uncertainty [Line Items]
Accounts receivable, net	$ 106,571	$ 101,009
Percentage of total accounts receivable, net	34.00%	34.00%

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Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding (Parenthetical) (Detail)	Sep. 29, 2013	Sep. 30, 2012
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Convertible senior notes percentage	3.875%	3.875%

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Financial Instruments - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Dec. 31, 2011 Interest Rate Swap	Dec. 31, 2011 Interest Rate Swap Cash Flow Hedges	Sep. 29, 2013 Spain Italy Portugal And Greece	Sep. 30, 2012 Spain Italy Portugal And Greece
Derivatives, Fair Value [Line Items]
Amount in accumulated other comprehensive income, reclassified as expense	$ 400,000		$ 400,000
Interest rate swap, notional amount designated as a hedge						350,000,000
Interest rate swap, pre tax value					11,700,000
Net revenues to customers	$ 413,796,000	$ 368,054,000	$ 1,245,732,000	$ 1,131,953,000			$ 106,300,000	$ 101,400,000

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Acquisitions - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Dec. 31, 2012
Business Acquisition [Line Items]
Revenue	$ 413,796,000	$ 368,054,000	$ 1,245,732,000	$ 1,131,953,000
Operating profit	66,042,000	49,841,000	179,197,000	(155,815,000)
Goodwill	1,241,393,000		1,241,393,000		1,249,456,000
Contingent consideration payments			16,367,000	6,930,000
2013 Acquisitions
Business Acquisition [Line Items]
Fair value of the consideration at the date of acquisition	38,500,000		38,500,000
Transaction expenses	100,000		700,000
Revenue	1,200,000		1,200,000
Operating profit	200,000
Liability related to post-closing obligations			2,800,000
Goodwill	9,600,000		9,600,000
2013 Acquisitions | Intellectual property
Business Acquisition [Line Items]
Useful life of intangible assets acquired, years			10 years
Intangible assets	2,200,000		2,200,000
2013 Acquisitions | Customer Lists
Business Acquisition [Line Items]
Useful life of intangible assets acquired, years			16 years
Intangible assets	8,400,000		8,400,000
2013 Acquisitions | Trade Names
Business Acquisition [Line Items]
Intangible assets	1,100,000		1,100,000
2012 Acquisitions
Business Acquisition [Line Items]
Fair value of the consideration at the date of acquisition	422,200,000		422,200,000
Initial payment of Fair value			367,900,000
Estimated fair value of the consideration to be paid to former security holders	55,800,000		55,800,000
Working capital adjustment related to acquisition	1,500,000		1,500,000
Intangible assets	227,500,000		227,500,000
Goodwill	152,800,000		152,800,000
Contingent consideration payments			26,000,000
Contingent consideration arrangement, low	0		0
Contingent consideration arrangement, high	$ 62,000,000		$ 62,000,000
Minimum | 2013 Acquisitions | Trade Names
Business Acquisition [Line Items]
Useful life of intangible assets acquired, years			1 year
Maximum | 2013 Acquisitions | Trade Names
Business Acquisition [Line Items]
Useful life of intangible assets acquired, years			10 years

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Valuation Technique and Inputs Used to Determine Fair Value of Assets Or Liabilities (Detail)	9 Months Ended
	Sep. 29, 2013
Discount Rate
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration, weighted average	6.00%
Discount Rate | Minimum
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration	2.00%
Discount Rate | Maximum
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration	10.00%
Probability of payment
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration, weighted average	32.00%
Probability of payment | Minimum
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration	0.00%
Probability of payment | Maximum
Fair Value Assets And Liabilities Measured On Unobservable Inputs [Line Items]
Contingent consideration	100.00%

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Condensed consolidated guarantor financial information

9 Months Ended

Sep. 29, 2013

Condensed consolidated guarantor financial information

Note 16 — Condensed consolidated guarantor financial information

In June 2011, Teleflex Incorporated (referred to below as “Parent Company”) issued $250 million of 6.875% senior subordinated notes through a registered public offering. The notes are guaranteed, jointly and severally, by certain of the Parent Company’s subsidiaries (each, a “Guarantor Subsidiary” and collectively, the “Guarantor Subsidiaries”). The guarantees are full and unconditional, subject to certain customary release provisions. Each Guarantor Subsidiary is directly or indirectly 100% owned by the Parent Company. The Company’s condensed consolidated statements of income (loss) and comprehensive income (loss) for the three and nine months ended September 29, 2013 and September 30, 2012, condensed consolidated balance sheets as of September 29, 2013 and December 31, 2012 and condensed consolidated statements of cash flows for the nine month periods ended September 29, 2013 and September 30, 2012, each of which are set forth below, provide consolidated information for:

a. Parent Company, the issuer of the guaranteed obligations;

b. Guarantor Subsidiaries, on a combined basis;

c. Non-guarantor subsidiaries, on a combined basis; and

d. Parent Company and its subsidiaries on a consolidated basis.

The same accounting policies as described in Note 1 to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 are used by the Parent Company and each of its subsidiaries in connection with the condensed consolidated financial information, except for the use by the Parent Company and Guarantor Subsidiaries of the equity method of accounting to reflect ownership interests in subsidiaries which are eliminated upon consolidation.

Consolidating entries and eliminations in the following consolidated financial statements represent adjustments to (a) eliminate intercompany transactions between or among the Parent Company, the Guarantor Subsidiaries and the Non-guarantor subsidiaries, (b) eliminate the investments in subsidiaries and (c) record consolidating entries.

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)

	Three Months Ended September 29, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	237,949		$	238,254		$	(62,407	)	$	413,796
Cost of goods sold		—			139,501			130,825			(60,522	)		209,804
Gross profit		—			98,448			107,429			(1,885	)		203,992
Selling, general and administrative expenses		14,088			62,701			38,167			272			115,228
Research and development expenses		—			13,161			2,477			—			15,638
Restructuring and other impairment charges		828			3,834			2,422			—			7,084
Income (loss) from continuing operations before interest and taxes		(14,916	)		18,752			64,363			(2,157	)		66,042
Interest expense		33,492			(21,204	)		1,660			—			13,948
Interest income		3			(3	)		(144	)		—			(144	)
Loss on extinguishments of debt		1,250			—			—			—			1,250
Income (loss) from continuing operations before taxes		(49,661	)		39,959			62,847			(2,157	)		50,988
Taxes (benefit) on income (loss) from continuing operations		(18,446	)		14,261			9,962			(568	)		5,209
Equity in net income of consolidated subsidiaries		76,448			48,367			319			(125,134	)		—
Income from continuing operations		45,233			74,065			53,204			(126,723	)		45,779
Operating income (loss) from discontinued operations		364			—			(326	)		—			38
Taxes (benefit) on income (loss) from discontinued operations		(977	)		(170	)		156			—			(991	)
Income (loss) from discontinued operations		1,341			170			(482	)		—			1,029
Net income		46,574			74,235			52,722			(126,723	)		46,808
Less: Income from continuing operations attributable to noncontrolling interests		—			—			234			—			234
Net income attributable to common shareholders		46,574			74,235			52,488			(126,723	)		46,574
Other comprehensive income attributable to common shareholders		24,375			30,034			21,442			(51,476	)		24,375
Comprehensive income attributable to common shareholders	$	70,949		$	104,269		$	73,930		$	(178,199	)	$	70,949

	Three Months Ended September 30, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	232,155		$	196,675		$	(60,776	)	$	368,054
Cost of goods sold		—			130,840			115,381			(58,734	)		187,487
Gross profit		—			101,315			81,294			(2,042	)		180,567
Selling, general and administrative expenses		11,114			61,505			42,030			229			114,878
Research and development expenses		—			13,184			1,576			—			14,760
Restructuring and other impairment charges		—			1,070			18			—			1,088
(Gain) loss on sales of businesses and assets		1			(150,310	)		—			150,309			—
Income (loss) from continuing operations before interest and taxes		(11,115	)		175,866			37,670			(152,580	)		49,841
Interest expense		36,105			(19,488	)		1,876			—			18,493
Interest income		(107	)		—			(233	)		—			(340	)
Income (loss) from continuing operations before taxes		(47,113	)		195,354			36,027			(152,580	)		31,688
Taxes (benefit) on income (loss) from continuing operations		(16,624	)		17,739			6,811			(689	)		7,237
Equity in net income of consolidated subsidiaries		52,627			21,946			—			(74,573	)		—
Income from continuing operations		22,138			199,561			29,216			(226,464	)		24,451
Operating income (loss) from discontinued operations		(1,089	)		258			—			—			(831	)
Taxes (benefit) on income (loss) from discontinued operations		(693	)		2,649			(266	)		—			1,690
Income (loss) from discontinued operations		(396	)		(2,391	)		266			—			(2,521	)
Net income		21,742			197,170			29,482			(226,464	)		21,930
Less: Income from continuing operations attributable to noncontrolling interests		—			—			188			—			188
Net income attributable to common shareholders		21,742			197,170			29,294			(226,464	)		21,742
Other comprehensive income attributable to common shareholders		49,428			50,393			41,277			(91,670	)		49,428
Comprehensive income attributable to common shareholders	$	71,170		$	247,563		$	70,571		$	(318,134	)	$	71,170

	Nine Months Ended September 29, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	740,817		$	708,206		$	(203,291	)	$	1,245,732
Cost of goods sold		—			435,937			398,720			(202,927	)		631,730
Gross profit		—			304,880			309,486			(364	)		614,002
Selling, general and administrative expenses		45,915			189,193			123,257			66			358,431
Research and development expenses		—			40,250			6,919			—			47,169
Restructuring and other impairment charges		828			13,112			15,265			—			29,205
Income (loss) from continuing operations before interest and taxes		(46,743	)		62,325			164,045			(430	)		179,197
Interest expense		100,682			(63,348	)		5,232			—			42,566
Interest income		—			(3	)		(455	)		—			(458	)
Loss on extinguishments of debt		1,250			—			—			—			1,250
Income (loss) from continuing operations before taxes		(148,675	)		125,676			159,268			(430	)		135,839
Taxes (benefit) on income (loss) from continuing operations		(54,192	)		42,241			30,701			208			18,958
Equity in net income of consolidated subsidiaries		210,701			114,116			319			(325,136	)		—
Income from continuing operations		116,218			197,551			128,886			(325,774	)		116,881
Operating income (loss) from discontinued operations		(1,788	)		—			42			—			(1,746	)
Taxes (benefit) on income (loss) from discontinued operations		(1,623	)		(170	)		246			—			(1,547	)
Income (loss) from discontinued operations		(165	)		(170	)		(204	)		—			(199	)
Net income		116,053			197,721			128,682			(325,774	)		116,682
Less: Income from continuing operations attributable to noncontrolling interests		—			—			629			—			629
Net income attributable to common shareholders		116,053			197,721			128,053			(325,774	)		116,053
Other comprehensive loss attributable to common shareholders		(6,335	)		(3,316	)		(5,930	)		9,246			(6,335	)
Comprehensive income attributable to common shareholders	$	109,718		$	194,405		$	122,123		$	(316,528	)	$	109,718

	Nine Months Ended September 30, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Condensed Consolidated
	(Dollars in thousands)
Net revenues	$	—		$	705,703		$	606,381		$	(180,131	)	$	1,131,953
Cost of goods sold		—			409,801			349,003			(175,896	)		582,908
Gross profit		—			295,902			257,378			(4,235	)		549,045
Selling, general and administrative expenses		39,683			182,882			109,861			539			332,965
Research and development expenses		—			35,103			4,912			—			40,015
Goodwill impairment		—			331,779			349			—			332,128
Restructuring and other impairment charges		—			(580	)		664			—			84
Gain on sales of businesses and assets		(116,193	)		(150,310	)		(332	)		266,503			(332	)
Income (loss) from continuing operations before interest and taxes		76,510			(102,972	)		141,924			(271,277	)		(155,815	)
Interest expense		109,206			(59,728	)		5,466			—			54,944
Interest income		(360	)		(8	)		(956	)		—			(1,324	)
Income (loss) from continuing operations before taxes		(32,336	)		(43,236	)		137,414			(271,277	)		(209,435	)
Taxes (benefit) on income (loss) from continuing operations		(51,685	)		34,932			21,306			(1,592	)		2,961
Equity in net income of consolidated subsidiaries		(238,187	)		100,706			—			137,481			—
Income (loss) from continuing operations		(218,838	)		22,538			116,108			(132,204	)		(212,396	)
Operating income (loss) from discontinued operations		(1,180	)		(9,171	)		2,400			—			(7,951	)
Benefit on income (loss) from discontinued operations		(638	)		(935	)		(95	)		—			(1,668	)
Income (loss) from discontinued operations		(542	)		(8,236	)		2,495			—			(6,283	)
Net income (loss)		(219,380	)		14,302			118,603			(132,204	)		(218,679	)
Less: Income from continuing operations attributable to noncontrolling interests		—			—			701			—			701
Net income (loss) attributable to common shareholders		(219,380	)		14,302			117,902			(132,204	)		(219,380	)
Other comprehensive income attributable to common shareholders		20,525			7,136			6,510			(13,646	)		20,525
Comprehensive income (loss) attributable to common shareholders	$	(198,855	)	$	21,438		$	124,412		$	(145,850	)	$	(198,855	)

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 29, 2013
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	17,083	$	—	$	309,354	$	—		$	326,437
Accounts receivable, net		1,354		885,118		558,276		(1,131,042	)		313,706
Inventories, net		—		213,769		148,603		(16,256	)		346,116
Prepaid expenses and other current assets		9,756		5,296		18,341		—			33,393
Prepaid taxes		22,615		—		13,624		—			36,239
Deferred tax assets		13,345		21,728		9,073		(24	)		44,122
Assets held for sale		1,775		3,478		5,182		—			10,435
Total current assets		65,928		1,129,389		1,062,453		(1,147,322	)		1,110,448
Property, plant and equipment, net		10,222		190,874		119,446		—			320,542
Goodwill		—		703,258		538,135		—			1,241,393
Intangibles assets, net		—		752,049		296,105		—			1,048,154
Investments in affiliates		5,426,913		1,351,908		21,396		(6,798,514	)		1,703
Deferred tax assets		58,565		—		3,975		(61,608	)		932
Other assets		36,901		2,774,009		468,658		(3,214,377	)		65,191
Total assets	$	5,598,529	$	6,901,487	$	2,510,168	$	(11,221,821	)	$	3,788,363
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		85,337		994,662		124,924		(1,134,140	)		70,783
Accrued expenses		16,684		23,313		37,763		—			77,760
Current portion of contingent consideration		—		4,079		629		—			4,708
Payroll and benefit-related liabilities		29,098		8,760		28,246		—			66,104
Accrued interest		8,979		—		4		—			8,983
Income taxes payable		—		—		20,964		—			20,964
Other current liabilities		7,528		2,965		3,354		(24	)		13,823
Total current liabilities		147,626		1,033,779		220,584		(1,134,164	)		267,825
Long-term borrowings		980,688		—		—		—			980,688
Deferred tax liabilities		—		421,168		57,518		(61,608	)		417,078
Pension and other postretirement benefit liabilities		97,783		37,108		19,075		—			153,966
Noncurrent liability for uncertain tax positions		13,133		17,549		27,980		—			58,662
Other liabilities		2,499,260		16,021		749,499		(3,216,898	)		47,882
Total liabilities		3,738,490		1,525,625		1,074,656		(4,412,670	)		1,926,101
Total common shareholders’ equity		1,860,039		5,375,862		1,433,289		(6,809,151	)		1,860,039
Noncontrolling interest		—		—		2,223		—			2,223
Total equity		1,860,039		5,375,862		1,435,512		(6,809,151	)		1,862,262
Total liabilities and equity	$	5,598,529	$	6,901,487	$	2,510,168	$	(11,221,821	)	$	3,788,363

	December 31, 2012
	Parent Company		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Condensed Consolidated
	(Dollars in thousands)
ASSETS
Current assets
Cash and cash equivalents	$	70,860	$	1,989	$	264,190	$	—		$	337,039
Accounts receivable, net		2,147		774,280		511,609		(990,060	)		297,976
Inventories, net		—		202,748		136,492		(15,893	)		323,347
Prepaid expenses and other current assets		7,769		5,294		15,649		—			28,712
Prepaid taxes		11,079		—		19,217		(3,136	)		27,160
Deferred tax assets		13,987		27,130		6,810		(1,045	)		46,882
Assets held for sale		—		2,738		5,225		—			7,963
Total current assets		105,842		1,014,179		959,192		(1,010,134	)		1,069,079
Property, plant and equipment, net		7,258		168,451		122,236		—			297,945
Goodwill		—		702,947		546,509		—			1,249,456
Intangibles assets, net		—		782,631		276,161		—			1,058,792
Investments in affiliates		5,226,567		1,281,201		21,379		(6,527,081	)		2,066
Deferred tax assets		59,644		—		3,197		(62,545	)		296
Other assets		33,937		2,707,264		720,184		(3,399,522	)		61,863
Total assets	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497
LIABILITIES AND EQUITY
Current liabilities
Current borrowings	$	—	$	—	$	4,700	$	—		$	4,700
Accounts payable		80,495		873,754		114,140		(993,224	)		75,165
Accrued expenses		11,338		20,471		33,255		—			65,064
Current portion of contingent consideration		—		21,115		2,578		—			23,693
Payroll and benefit-related liabilities		24,633		19,799		30,154		—			74,586
Accrued interest		9,413		—		5		—			9,418
Income taxes payable		—		—		18,709		(3,136	)		15,573
Other current liabilities		598		1,131		5,522		(1,045	)		6,206
Total current liabilities		126,477		936,270		209,063		(997,405	)		274,405
Long-term borrowings		965,280		—		—		—			965,280
Deferred tax liabilities		—		427,146		54,664		(62,544	)		419,266
Pension and other postretirement benefit liabilities		114,257		37,269		19,420		—			170,946
Noncurrent liability for uncertain tax positions		13,131		28,440		26,721		—			68,292
Other liabilities		2,435,153		35,543		991,327		(3,402,252	)		59,771
Total liabilities		3,654,298		1,464,668		1,301,195		(4,462,201	)		1,957,960
Total common shareholders’ equity		1,778,950		5,192,005		1,345,076		(6,537,081	)		1,778,950
Noncontrolling interest		—		—		2,587		—			2,587
Total equity		1,778,950		5,192,005		1,347,663		(6,537,081	)		1,781,537
Total liabilities and equity	$	5,433,248	$	6,656,673	$	2,648,858	$	(10,999,282	)	$	3,739,497

TELEFLEX INCORPORATED AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended September 29, 2013
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(88,608	)	$	86,327		$	136,498		$	134,217
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(799	)		(42,854	)		(10,987	)		(54,640	)
Investments in affiliates		(50	)		—			—			(50	)
Payments for businesses and intangibles acquired, net of cash acquired		—			(1,820	)		(38,630	)		(40,450	)
Net cash used in investing activities from continuing operations		(849	)		(44,674	)		(49,617	)		(95,140	)
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings		382,000			—			—			382,000
Repayment of long-term borrowings		(375,000	)		—			—			(375,000	)
Debt extinguishment, issuance and amendment fees		(6,365	)		—			—			(6,365	)
Proceeds from stock compensation plans		6,395			—			—			6,395
Dividends		(41,915	)		—			—			(41,915	)
Payments for contingent consideration		—			(14,802	)		(1,565	)		(16,367	)
Payments to noncontrolling interest shareholders		—			—			(736	)		(736	)
Intercompany transactions		72,132			(28,840	)		(43,292	)		—
Net cash provided by (used in) financing activities from continuing operations		37,247			(43,642	)		(45,593	)		(51,988	)
Cash Flows from Discontinued Operations:
Net cash used in operating activities		(1,567	)		—			(600	)		(2,167	)
Net cash used in discontinued operations		(1,567	)		—			(600	)		(2,167	)
Effect of exchange rate changes on cash and cash equivalents		—			—			4,476			4,476
Net (decrease) increase in cash and cash equivalents		(53,777	)		(1,989	)		45,164			(10,602	)
Cash and cash equivalents at the beginning of the period		70,860			1,989			264,190			337,039
Cash and cash equivalents at the end of the period	$	17,083		$	—		$	309,354		$	326,437

	Nine Months Ended September 30, 2012
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Condensed Consolidated
	(Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations	$	(123,496	)	$	179,665		$	82,963		$	139,132
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment		(6,952	)		(26,238	)		(12,902	)		(46,092	)
Proceeds from sales of businesses and assets, net of cash sold		4,301			45,149			17,155			66,605
Payments for businesses and intangibles acquired, net of cash acquired		—			(52,404	)		(3,293	)		(55,697	)
Investments in affiliates		(80	)		—			—			(80	)
Net cash (used in) provided by investing activities from continuing operations		(2,731	)		(33,493	)		960			(35,264	)
Cash Flows from Financing Activities of Continuing Operations:
Decrease in notes payable and current borrowings		—			(421	)		(285	)		(706	)
Proceeds from stock compensation plans		7,714			—			—			7,714
Payments for contingent consideration		—			(6,930	)		—			(6,930	)
Dividends		(41,661	)		—			—			(41,661	)
Intercompany transactions		179,626			(140,722	)		(38,904	)		—
Net cash provided by (used in) financing activities from continuing operations		145,679			(148,073	)		(39,189	)		(41,583	)
Cash Flows from Discontinued Operations:
Net cash (used in) provided by operating activities		(10,729	)		4,252			—			(6,477	)
Net cash used in investing activities		—			(2,351	)		—			(2,351	)
Net cash (used in) provided by discontinued operations		(10,729	)		1,901			—			(8,828	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(2,716	)		(2,716	)
Net increase in cash and cash equivalents		8,723			—			42,018			50,741
Cash and cash equivalents at the beginning of the period		114,531			—			469,557			584,088
Cash and cash equivalents at the end of the period	$	123,254		$	—		$	511,575		$	634,829

XML

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012
Current assets
Cash and cash equivalents	$ 326,437	$ 337,039
Accounts receivable, net	313,706	297,976
Inventories, net	346,116	323,347
Prepaid expenses and other current assets	33,393	28,712
Prepaid taxes	36,239	27,160
Deferred tax assets	44,122	46,882
Assets held for sale	10,435	7,963
Total current assets	1,110,448	1,069,079
Property, plant and equipment, net	320,542	297,945
Goodwill	1,241,393	1,249,456
Intangible assets, net	1,048,154	1,058,792
Investments in affiliates	1,703	2,066
Deferred tax assets	932	296
Other assets	65,191	61,863
Total assets	3,788,363	3,739,497
Current liabilities
Current borrowings	4,700	4,700
Accounts payable	70,783	75,165
Accrued expenses	77,760	65,064
Current portion of contingent consideration	4,708	23,693
Payroll and benefit-related liabilities	66,104	74,586
Accrued interest	8,983	9,418
Income taxes payable	20,964	15,573
Other current liabilities	13,823	6,206
Total current liabilities	267,825	274,405
Long-term borrowings	980,688	965,280
Deferred tax liabilities	417,078	419,266
Pension and postretirement benefit liabilities	153,966	170,946
Noncurrent liability for uncertain tax positions	58,662	68,292
Other liabilities	47,882	59,771
Total liabilities	1,926,101	1,957,960
Commitments and contingencies
Total common shareholders' equity	1,860,039	1,778,950
Noncontrolling interest	2,223	2,587
Total equity	1,862,262	1,781,537
Total liabilities and equity	$ 3,788,363	$ 3,739,497

XML

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $) In Thousands	Total	Common Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock	Noncontrolling Interest
Beginning Balance at Dec. 31, 2011	$ 1,982,783	$ 42,923	$ 380,965	$ 1,847,106	$ (159,353)	$ (131,053)	$ 2,195
Beginning Balance (in shares) at Dec. 31, 2011		42,923				2,183
Net income (loss)	(218,679)			(219,380)			701
Cash dividends ($1.02 per share)	(41,661)			(41,661)
Other comprehensive (loss) income	20,568				20,525		43
Distributions to noncontrolling interest shareholders	(496)						(496)
Shares issued under compensation plans	12,778	147	10,221			2,410
Shares issued under compensation plans, shares		147				(39)
Deferred compensation	106		(10)			116
Deferred compensation, shares						(4)
Ending Balance at Sep. 30, 2012	1,755,399	43,070	391,176	1,586,065	(138,828)	(128,527)	2,443
Ending Balance (in shares) at Sep. 30, 2012		43,070				2,140
Beginning Balance at Dec. 31, 2012	1,781,537	43,102	394,384	1,601,460	(132,048)	(127,948)	2,587
Beginning Balance (in shares) at Dec. 31, 2012		43,102				2,130
Net income (loss)	116,682			116,053			629
Cash dividends ($1.02 per share)	(41,915)			(41,915)
Other comprehensive (loss) income	(6,592)				(6,335)		(257)
Distributions to noncontrolling interest shareholders	(736)						(736)
Shares issued under compensation plans	13,240	116	10,416			2,708
Shares issued under compensation plans, shares		116				(55)
Deferred compensation	46		(9)			55
Deferred compensation, shares						(1)
Ending Balance at Sep. 29, 2013	$ 1,862,262	$ 43,218	$ 404,791	$ 1,675,598	$ (138,383)	$ (125,185)	$ 2,223
Ending Balance (in shares) at Sep. 29, 2013		43,218				2,074

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New accounting standards

9 Months Ended

Sep. 29, 2013

New accounting standards

Note 2 — New accounting standards

The Company adopted the following new accounting standard as of January 1, 2013, the first day of its 2013 fiscal year:

In February 2013, the Financial Accounting Standards Board (“FASB”) issued an amendment to its accounting guidance on reporting amounts reclassified out of accumulated other comprehensive income. The guidance requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items, on the face of the statement where net income is presented, or in the notes to the financial statements, if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about the effect of the reclassifications. The guidance was effective prospectively for reporting periods beginning after December 15, 2012. Refer to Note 11, “Shareholders Equity,” for new disclosures resulting from the adoption of this amendment.

In January 2013, the FASB issued an amendment to its accounting guidance to clarify the scope of disclosure requirements pertaining to offsetting assets and liabilities mandated by an earlier accounting pronouncement. The amended guidance limited the scope of the required disclosures to derivatives accounted for in accordance with the FASB’s Derivatives and Hedging guidance, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements and certain securities borrowing and securities lending transactions, that are offset in the financial statements in accordance with specified accounting guidance or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are no longer applicable to entities with other types of financial assets and financial liabilities subject to a master netting arrangement or similar agreement. The guidance was effective for reporting periods beginning on or after January 1, 2013. The amendment did not have a material impact on the Company’s results of operations, cash flows or financial position. 

The Company will adopt the following new accounting standards as of January 1, 2014, the first day of its 2014 fiscal year:

In March 2013, the FASB issued an amendment which clarified that when a reporting entity ceases to have a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity, the reporting entity is required to reclassify cumulative foreign currency translation adjustment from accumulated other comprehensive income into the calculation of gain or loss related to that foreign entity. Additionally, the amendment clarifies that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition), and that the cumulative translation adjustment should be released into net income upon the occurrence of those events. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The amendment is not expected to have a material impact on the Company’s results of operations, cash flows or financial position.

In July 2013, the FASB issued an amendment designed to eliminate a diversity in practice with respect to the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or tax credit carryforward exists. The amendment requires an entity to net an unrecognized tax benefit against the deferred tax asset for a net operating loss carryforward, similar tax loss, or tax credit carryforward. However, such netting will not occur (and the unrecognized tax benefit will be presented in the financial statements as a liability) to the extent that a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The Company is assessing the new guidance, however, the Company does not expect the amendment to have a material impact on the Company’s results of operations, cash flows or financial position. 

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Change in Accumulated Other Comprehensive Income (Loss), Net of tax (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, accumulated other comprehensive income (loss), net of tax	$ (132,048)	$ (159,353)
Other comprehensive income (loss) before reclassifications	(10,150)	10,723
Amounts reclassified from accumulated other comprehensive income (loss)	3,815	9,802
Net current-period other comprehensive income (loss)	(6,335)	20,525
Ending balance, accumulated other comprehensive income (loss), net of tax	(138,383)	(138,828)
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, accumulated other comprehensive income (loss), net of tax	(381)	(7,257)
Other comprehensive income (loss) before reclassifications	(370)	551
Amounts reclassified from accumulated other comprehensive income (loss)	318	6,461
Net current-period other comprehensive income (loss)	(52)	7,012
Ending balance, accumulated other comprehensive income (loss), net of tax	(433)	(245)
Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, accumulated other comprehensive income (loss), net of tax	(127,257)	(134,548)
Other comprehensive income (loss) before reclassifications	(762)	(133)
Amounts reclassified from accumulated other comprehensive income (loss)	3,497	3,341
Net current-period other comprehensive income (loss)	2,735	3,208
Ending balance, accumulated other comprehensive income (loss), net of tax	(124,522)	(131,340)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, accumulated other comprehensive income (loss), net of tax	(4,410)	(17,548)
Other comprehensive income (loss) before reclassifications	(9,018)	10,305
Net current-period other comprehensive income (loss)	(9,018)	10,305
Ending balance, accumulated other comprehensive income (loss), net of tax	$ (13,428)	$ (7,243)

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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) (USD $)	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Dividends per common share	$ 0.34	$ 0.34	$ 1.02	$ 1.02

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Divestiture-related activities (Tables)

9 Months Ended

Sep. 29, 2013

Assets Held for Sale

As of September 29, assets held for sale consisted of four buildings and certain other assets which the Company is actively marketing.

	September 29, 2013		December 31, 2012
	(Dollars in thousands)
Assets held for sale:
Property, plant and equipment	$	10,435	$	7,963
Total assets held for sale	$	10,435	$	7,963

Operating Results of Operations Treated as Discontinued Operations

The following table presents the operating results of the operations that have been treated as discontinued operations for the periods presented:

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in thousands)
Net revenues	$	—		$	2,789		$	—		$	16,616
Costs and other expenses		38			3,582			(1,746	)		17,093
Goodwill impairment(1)		—			—			—			9,700
Gain (loss) on disposition(2)		—			(38	)		—			2,226
Income (loss) from discontinued operations before income taxes		38			(831	)		(1,746	)		(7,951	)
Provision for income taxes(3)		(991	)		1,690			(1,547	)		(1,668	)
Income (loss) from discontinued operations		1,029			(2,521	)		(199	)		(6,283	)
Less: Income from discontinued operations attributable to noncontrolling interest		—			—			—			—
Income (loss) from discontinued operations attributable to common shareholders	$	1,029		$	(2,521	)	$	(199	)	$	(6,283	)

(1) In the second quarter of 2012, the Company recognized a non-cash goodwill impairment charge of $9.7 million to adjust the carrying value of the orthopedic business to its estimated fair value.

(2) The $2.2 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

(3) The provision for income taxes for the three months ended September 29, 2013 was impacted favorably by the realization of a tax benefit resulting from the expiration of statutes of limitation for a U.S. matter.

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New accounting standards (Policies)

9 Months Ended

Sep. 29, 2013

New Accounting Pronouncements, Policy

In February 2013, the Financial Accounting Standards Board (“FASB”) issued an amendment to its accounting guidance on reporting amounts reclassified out of accumulated other comprehensive income. The guidance requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items, on the face of the statement where net income is presented, or in the notes to the financial statements, if the amount being reclassified is required under GAAP to be reclassified in its entirety to net income in the same reporting period. For other amounts that are not required under GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about the effect of the reclassifications. The guidance was effective prospectively for reporting periods beginning after December 15, 2012. Refer to Note 11, “Shareholders Equity,” for new disclosures resulting from the adoption of this amendment.

In January 2013, the FASB issued an amendment to its accounting guidance to clarify the scope of disclosure requirements pertaining to offsetting assets and liabilities mandated by an earlier accounting pronouncement. The amended guidance limited the scope of the required disclosures to derivatives accounted for in accordance with the FASB’s Derivatives and Hedging guidance, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements and certain securities borrowing and securities lending transactions, that are offset in the financial statements in accordance with specified accounting guidance or subject to an enforceable master netting arrangement or similar agreement. The disclosure requirements are no longer applicable to entities with other types of financial assets and financial liabilities subject to a master netting arrangement or similar agreement. The guidance was effective for reporting periods beginning on or after January 1, 2013. The amendment did not have a material impact on the Company’s results of operations, cash flows or financial position. 

The Company will adopt the following new accounting standards as of January 1, 2014, the first day of its 2014 fiscal year:

In March 2013, the FASB issued an amendment which clarified that when a reporting entity ceases to have a controlling financial interest in a subsidiary or group of assets that is a business within a foreign entity, the reporting entity is required to reclassify cumulative foreign currency translation adjustment from accumulated other comprehensive income into the calculation of gain or loss related to that foreign entity. Additionally, the amendment clarifies that the sale of an investment in a foreign entity includes both (1) events that result in the loss of a controlling financial interest in a foreign entity (irrespective of any retained investment) and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date (sometimes also referred to as a step acquisition), and that the cumulative translation adjustment should be released into net income upon the occurrence of those events. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The amendment is not expected to have a material impact on the Company’s results of operations, cash flows or financial position.

In July 2013, the FASB issued an amendment designed to eliminate a diversity in practice with respect to the presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or tax credit carryforward exists. The amendment requires an entity to net an unrecognized tax benefit against the deferred tax asset for a net operating loss carryforward, similar tax loss, or tax credit carryforward. However, such netting will not occur (and the unrecognized tax benefit will be presented in the financial statements as a liability) to the extent that a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position, or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose. The guidance is effective prospectively for reporting periods beginning after December 15, 2013. The Company is assessing the new guidance, however, the Company does not expect the amendment to have a material impact on the Company’s results of operations, cash flows or financial position. 

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Goodwill and other intangible assets, net (Tables)

9 Months Ended

Sep. 29, 2013

Changes in Carrying Amount of Goodwill, by Reporting Segment

The following table provides information relating to changes in the carrying amount of goodwill, by reportable segment, for the nine months ended September 29, 2013:

	Americas Segment			EMEA Segment			Asia Segment			Total
	(Dollars in thousands)
Balance as of December 31, 2012
Goodwill	$	1,086,707		$	353,282		$	141,595		$	1,581,584
Accumulated impairment losses		(332,128	)		—			—			(332,128	)
		754,579			353,282			141,595			1,249,456
Goodwill related to acquisitions		4,374			5,270			—			9,644
Purchase accounting adjustment(1)		(9,107	)		—			(2,126	)		(11,233	)
Translation adjustment		71			(164	)		(6,381	)		(6,474	)
Balance as of September 29, 2013
Goodwill		1,082,045			358,388			133,088			1,573,521
Accumulated impairment losses		(332,128	)		—			—			(332,128	)
	$	749,917		$	358,388		$	133,088		$	1,241,393

(1) Purchase accounting adjustments related primarily to the finalization of the purchase price allocation for the LMA acquisition.

Components of Intangible Assets

The following table provides information, as of September 29, 2013 and December 31, 2012, regarding the gross carrying amount of, and accumulated amortization relating to, intangible assets, net:

	Gross Carrying Amount				Accumulated Amortization
	September 29, 2013		December 31, 2012		September 29, 2013			December 31, 2012
	(Dollars in thousands)
Customer relationships	$	586,790	$	580,151	$	(161,357	)	$	(141,520	)
In-process research and development (“IPR&D”)		71,634		53,157		—			—
Intellectual property		278,263		276,458		(111,602	)		(95,967	)
Distribution rights		16,708		16,567		(14,383	)		(13,880	)
Trade names		382,822		384,131		(1,029	)		(305	)
Noncompete agreements		337		—		(29	)		—
	$	1,336,554	$	1,310,464	$	(288,400	)	$	(251,672	)

Estimated Annual Amortization Expense

Estimated annual amortization expense for the remainder of 2013 and the next four succeeding years is as follows (dollars in thousands):

2013	$	12,700
2014		46,900
2015		44,900
2016		44,500
2017		44,100

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Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding (Detail) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Basic	41,132	40,890	41,087	40,831
Dilutive effect of share based awards	383	274	383
Dilutive effect of 3.875% Convertible Notes and warrants	1,749	347	1,776
Diluted	43,264	41,511	43,246	40,831

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Taxes on income from continuing operations (Tables)

9 Months Ended

Sep. 29, 2013

Effective Income Tax Rate

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
Effective income tax rate		10.2	%		22.8	%		14.0	%		(1.4	)%

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Changes in Shareholder's Equity - Additional Information (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	1 Months Ended	3 Months Ended	9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended
	Jun. 30, 2007	Sep. 29, 2013	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013 Convertible Note	Sep. 30, 2012 Convertible Note	Sep. 29, 2013 Convertible Note	Sep. 30, 2012 Convertible Note	Sep. 29, 2013 Stock Option	Sep. 30, 2012 Stock Option	Sep. 29, 2013 Stock Option	Sep. 30, 2012 Stock Option
Shareholders Equity [Line Items]
Repurchase of outstanding common stock, authorized amount	$ 300
Convertible senior subordinated notes maturity year		2017	2017
Convertible senior subordinated notes interest rate		3.875%	3.875%	3.875%
Average market price of common stock		$ 61.32	$ 61.32
Shares issuable upon exercise of warrants included in diluted shares		0.3	0.3
Number of shares under warrants exercised			7.4
Weighted average antidilutive which were not included in the calculation of earnings per share					1.4	0.3	1.4	0.1	8.0	8.4	7.9	9.0
Strike price of the warrants			$ 74.65

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Estimated Annual Amortization Expense (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013
2013	$ 12,700
2014	46,900
2015	44,900
2016	44,500
2017	$ 44,100

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Impairment of Goodwill - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	9 Months Ended	3 Months Ended
	Jul. 01, 2012	Sep. 30, 2012	Apr. 01, 2012 Vascular	Apr. 01, 2012 Anesthesia/Respiratory	Apr. 01, 2012 Cardiac
Goodwill [Line Items]
Impairment of goodwill	$ 332,000	$ 332,128	$ 220,000	$ 107,000	$ 5,000

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Restructuring and Other Impairment Charges (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Restructuring Cost and Reserve [Line Items]
Long-lived asset impairment	$ 3,354		$ 3,354
In-process research and development impairment			4,494
Restructuring and other impairment charges	7,084	1,088	29,205	84
LMA Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,768		8,364
2013 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	826		8,656
2012 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,098	1,107	4,164	1,978
2007 Arrow Integration Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges	38	41	173	(1,834)
2011 Restructuring Program
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ (60)		$ (60)

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2012		Jul. 01, 2012	Sep. 30, 2012
Gain (loss) on disposal of discontinued operations	$ (38)	[1]	$ 2,200	$ 2,226	[1]

[1] The $2.2 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

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Impairment of goodwill

9 Months Ended

Sep. 29, 2013

Impairment of goodwill

Note 5 — Impairment of goodwill

In the first quarter of 2012, due to a change in the Company’s reporting structure, the Company performed goodwill impairment tests and determined that three of the reporting units in the North America Segment were impaired. The Company recorded goodwill impairment charges of $220 million in the Vascular reporting unit, $107 million in the Anesthesia/Respiratory reporting unit and $5 million in the Cardiac reporting unit. For further information on the goodwill impairment, see Note 5 to the Company’s 2012 consolidated financial statements included in its annual report on Form 10-K for the year ended December 31, 2012.

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Foreign currency translation, tax	$ 6,520	$ 4,629	$ 5,167	$ (4,555)
Pension and other postretirement benefits plans adjustment, tax	502	525	1,525	1,782
Derivatives qualifying as hedges, tax	$ (23)	$ 1,548	$ (30)	$ 4,013

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Borrowings - Additional Information (Detail) (USD $)							1 Months Ended								9 Months Ended
	Sep. 29, 2013	Dec. 31, 2012	Sep. 30, 2012	Jul. 16, 2013 Senior Credit Facility	Jul. 16, 2013 Senior Credit Facility Term Loan	Jul. 16, 2013 Senior Credit Facility Revolving Credit Facility	Jul. 16, 2013 New Senior Credit Facility	Jul. 16, 2013 New Senior Credit Facility Prime Rate Minimum	Jul. 16, 2013 New Senior Credit Facility Prime Rate Maximum	Jul. 16, 2013 New Senior Credit Facility Libor Rate Plus	Jul. 16, 2013 New Senior Credit Facility Libor Rate Plus Minimum	Jul. 16, 2013 New Senior Credit Facility Libor Rate Plus Maximum	Jul. 16, 2013 New Senior Credit Facility Rate Spread	Jul. 16, 2013 New Senior Credit Facility Revolving Credit Facility	Sep. 29, 2013 Convertible Notes Three Point Eight Seven Five Percent
Debt Instrument [Line Items]
Credit facility				$ 775,000,000	$ 375,000,000	$ 400,000,000								$ 850,000,000
Transaction fee							6,400,000
Transaction fees recorded as Deferred asset							6,400,000
Amortization of debt issuance costs							1,300,000
Federal funds effective rate plus							0.50%
Prime rate or one month LIBOR plus							1.00%
Applicable margin								0.25%	1.00%		1.25%	2.00%
Senior credit facility interest rate							1.93%			0.18%			1.75%
Interest rate	3.875%		3.875%												3.875%
Percentage of conversion price of applicable trading day															130.00%
Number of trading days															20 days
Number of consecutive trading days															30 days
Conversion price, per share															$ 79.72
Long-term borrowings	$ 980,688,000	$ 965,280,000

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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 29, 2013		Sep. 30, 2012		Sep. 29, 2013		Sep. 30, 2012
Net revenues	$ 413,796		$ 368,054		$ 1,245,732		$ 1,131,953
Cost of goods sold	209,804		187,487		631,730		582,908
Gross profit	203,992		180,567		614,002		549,045
Selling, general and administrative expenses	115,228		114,878		358,431		332,965
Research and development expenses	15,638		14,760		47,169		40,015
Goodwill impairment							332,128
Restructuring and other impairment charges	7,084		1,088		29,205		84
Gain on sales of businesses and assets							(332)
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	66,042		49,841		179,197		(155,815)
Interest expense	13,948		18,493		42,566		54,944
Interest income	(144)		(340)		(458)		(1,324)
Loss on extinguishments of debt	1,250				1,250
Income (loss) from continuing operations before taxes	50,988		31,688		135,839		(209,435)
Taxes on income (loss) from continuing operations	5,209		7,237		18,958		2,961
Income (loss) from continuing operations	45,779		24,451		116,881		(212,396)
Operating income (loss) from discontinued operations (including gain (loss) on disposal of ($38) and $2,226 for the three and nine month periods in 2012, respectively)	38		(831)		(1,746)		(7,951)
Taxes (benefit) on income (loss) from discontinued operations	(991)	[1]	1,690	[1]	(1,547)	[1]	(1,668)	[1]
Income (loss) from discontinued operations	1,029		(2,521)		(199)		(6,283)
Net income (loss)	46,808		21,930		116,682		(218,679)
Less: Income from continuing operations attributable to noncontrolling interest	234		188		629		701
Net income (loss) attributable to common shareholders	46,574		21,742		116,053		(219,380)
Basic:
Income (loss) from continuing operations	$ 1.11		$ 0.59		$ 2.83		$ (5.22)
Income (loss) from discontinued operations	$ 0.02		$ (0.06)		$ (0.01)		$ (0.15)
Net income (loss)	$ 1.13		$ 0.53		$ 2.82		$ (5.37)
Diluted:
Income (loss) from continuing operations	$ 1.05		$ 0.58		$ 2.69		$ (5.22)
Income (loss) from discontinued operations	$ 0.03		$ (0.06)		$ (0.01)		$ (0.15)
Net income (loss)	$ 1.08		$ 0.52		$ 2.68		$ (5.37)
Dividends per common share	$ 0.34		$ 0.34		$ 1.02		$ 1.02
Weighted average common shares outstanding:
Basic	41,132		40,890		41,087		40,831
Diluted	43,264		41,511		43,246		40,831
Amounts attributable to common shareholders:
Income (loss) from continuing operations, net of tax	45,545		24,263		116,252		(213,097)
Income (loss) from discontinued operations, net of tax	1,029		(2,521)		(199)		(6,283)
Net income (loss) attributable to common shareholders	$ 46,574		$ 21,742		$ 116,053		$ (219,380)

[1] The provision for income taxes for the three months ended September 29, 2013 was impacted favorably by the realization of a tax benefit resulting from the expiration of statutes of limitation for a U.S. matter.

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Inventories, net (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012
Inventory [Line Items]
Raw materials	$ 71,751	$ 84,636
Work-in-process	56,541	47,440
Finished goods	249,514	222,974
Inventories, gross	377,806	355,050
Less: Inventory reserve	(31,690)	(31,703)
Inventories, net	$ 346,116	$ 323,347

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Commitments and Contingent Liabilities - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	1 Months Ended	9 Months Ended
	Aug. 31, 2013	Sep. 29, 2013
Loss Contingencies [Line Items]
Accrued liabilities related to warranties		$ 0.3
Property, Plant and Equipment
Loss Contingencies [Line Items]
Estimated fair value of the costs to construct buildings		6.5
Property, Plant and Equipment | Build To Suit Lease
Loss Contingencies [Line Items]
Estimated fair value of the costs to construct buildings	23.0	11.2
Expected construction completion year	2014-10	2014-01
Property, Plant and Equipment | Build To Suit Lease | Corporate Headquarters
Loss Contingencies [Line Items]
Estimated fair value of the costs to construct buildings		6.4
Minimum
Loss Contingencies [Line Items]
Time-frame over which the accrued amounts may be paid out, in years		15
Maximum
Loss Contingencies [Line Items]
Time-frame over which the accrued amounts may be paid out, in years		20
Accrued Liabilities
Loss Contingencies [Line Items]
Waste disposed accrued liability		2.4
Other Liabilities
Loss Contingencies [Line Items]
Waste disposed accrued liability		$ 6.4

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Effective Income Tax Rate (Detail)	3 Months Ended			9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Jul. 01, 2012	Sep. 29, 2013	Sep. 30, 2012	Jul. 01, 2012
Income Taxes [Line Items]
Effective income tax rate	10.20%	22.80%	22.80%	14.00%	(1.40%)	(1.40%)

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Acquisitions (Tables)

9 Months Ended

Sep. 29, 2013

Purchase Price Allocation Among Assets Acquired and Liabilities Assumed in Acquisition

The following table presents the purchase price allocation among the assets acquired and liabilities assumed in the acquisitions that occurred during 2013:

	(Dollars in millions)
Assets
Current assets	$	3.8
Property, plant and equipment		0.5
Intangible assets:
Intellectual property		2.2
Tradenames		1.1
In-process research and development		19.9
Customer lists		8.4
Goodwill		9.6
Total assets acquired		45.5
Less:
Current liabilities		2.0
Deferred tax liabilities		5.0
Liabilities assumed		7.0
Net assets acquired	$	38.5

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Commitments and contingent liabilities

9 Months Ended

Sep. 29, 2013

Commitments and contingent liabilities

Note 14 — Commitments and contingent liabilities

Product warranty liability: The Company warrants to the original purchasers of certain of its products that it will, at its option, repair or replace such products, without charge, if they fail due to a manufacturing defect. Warranty periods vary by product. The Company has recourse provisions for certain products that would enable recovery from third parties for amounts paid under the warranty. The Company accrues for product warranties when, based on available information, it is probable that customers will make claims under warranties relating to products that have been sold, and a reasonable estimate of the costs (based on historical claims experience relative to sales) can be made. As of September 29, 2013, the Company has recorded approximately $0.3 million in accrued liabilities related to warranties.

Operating leases: The Company uses various leased facilities and equipment in its operations. The terms for these leased assets vary depending on the terms of the applicable lease agreement. At September 29, 2013, the Company had no residual value guarantees related to its operating leases.

As of September 29, 2013, the Company has recorded approximately $6.5 million in property, plant and equipment representing the estimated fair value of the Company’s percentage of the costs to construct buildings under two separate build-to-suit leases. One build-to-suit lease relates to the Company’s corporate headquarters, which represents approximately $6.4 million of the asset recorded as of September 29, 2013. The corporate headquarters is expected to be completed in January 2014. The estimated fair value of the Company’s percentage of the costs to construct the corporate headquarters at the end of the construction period is $11.2 million. The second build-to-suit lease was entered into in August of 2013 and relates to a U.S. operating facility. Construction on the second build-to-suit facility commenced shortly before the end of the third quarter and is expected to be completed in October of 2014. The estimated fair value of the Company’s percentage of the construction costs to complete the second build-to-suit lease is approximately $23.0 million. For accounting purposes, the Company is deemed the owner of the asset during the construction period and is required to record the estimated fair value of the Company’s percentage of the construction costs as construction in progress during the construction period and a related current liability. These amounts do not reflect the Company’s cash obligations, but represent the landlord’s costs to construct the Company’s portion of the building and tenant improvements. Based on current expectations, the Company believes that there are no continuing involvement requirements that would prohibit the Company from derecognizing the assets and related liabilities upon commencement of the respective lease terms.

Environmental: The Company is subject to contingencies as a result of environmental laws and regulations that in the future may require the Company to take further action to correct the effects on the environment of prior disposal practices or releases of chemical or petroleum substances by the Company or other parties. Much of this liability results from the U.S. Comprehensive Environmental Response, Compensation and Liability Act, often referred to as Superfund, the U.S. Resource Conservation and Recovery Act and similar state laws. These laws require the Company to undertake certain investigative and remedial activities at sites where the Company conducts or once conducted operations or at sites where Company-generated waste was disposed.

Remediation activities vary substantially in duration and cost from site to site. These activities, and their associated costs, depend on the mix of unique site characteristics, evolving remediation technologies, the regulatory agencies involved and their enforcement policies, as well as the presence or absence of other potentially responsible parties. At September 29, 2013, the Company has recorded approximately $2.4 million in accrued liabilities and approximately $6.4 million in other liabilities relating to these matters. Considerable uncertainty exists with respect to these liabilities and, if adverse changes in circumstances occur, potential liability may exceed the amount accrued as of September 29, 2013. The time frame over which the accrued amounts may be paid out, based on past history, is estimated to be 15-20 years.

Litigation: The Company is a party to various lawsuits and claims arising in the normal course of business. These lawsuits and claims include actions involving product liability, intellectual property, employment and environmental matters. Based on information currently available, advice of counsel, established reserves and other resources, the Company does not believe that any such actions are likely to be, individually or in the aggregate, material to its business, financial condition, results of operations or liquidity. However, in the event of unexpected further developments, it is possible that the ultimate resolution of these matters, or other similar matters, if unfavorable, may be materially adverse to the Company’s business, financial condition, results of operations or liquidity. Legal costs such as outside counsel fees and expenses are charged to expense in the period incurred.

Tax audits and examinations: The Company and its subsidiaries are routinely subject to tax examinations by various taxing authorities. As of September 29, 2013, the most significant tax examinations in process are in Canada, the Czech Republic, Germany and Austria. In conjunction with these examinations and as a regular and routine practice, the Company may establish reserves or adjust existing reserves with respect to uncertain tax positions. Accordingly, developments occurring with respect to these examinations, including resolution of uncertain tax positions, could result in increases or decreases to the Company’s recorded tax liabilities, which could impact the Company’s financial results.

Other: The Company has various purchase commitments for materials, supplies and items of permanent investment incident to the ordinary conduct of its business. On average, such commitments are not at prices in excess of current market prices.

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Purchase Price Allocation Among Assets Acquired and Liabilities Assumed in Acquisition (Detail) (USD $)	Sep. 29, 2013	Dec. 31, 2012
Business Acquisition [Line Items]
Goodwill	$ 1,241,393,000	$ 1,249,456,000
2013 Acquisitions
Business Acquisition [Line Items]
Current assets	3,800,000
Property, plant and equipment	500,000
Goodwill	9,600,000
Total assets acquired	45,500,000
Current liabilities	2,000,000
Deferred tax liabilities	5,000,000
Liabilities assumed	7,000,000
Net assets acquired	38,500,000
2013 Acquisitions | In Process Research and Development
Business Acquisition [Line Items]
Intangible assets	19,900,000
Intellectual property | 2013 Acquisitions
Business Acquisition [Line Items]
Intangible assets	2,200,000
Trade Names | 2013 Acquisitions
Business Acquisition [Line Items]
Intangible assets	1,100,000
Customer Lists | 2013 Acquisitions
Business Acquisition [Line Items]
Intangible assets	$ 8,400,000

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Net Benefit Cost of Pension and Postretirement Benefit Plans (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 432	$ 696	$ 1,361	$ 2,085
Interest cost	4,333	4,115	12,614	12,366
Expected return on Plan assets	(5,784)	(5,043)	(17,328)	(15,128)
Net amortization and deferral	1,556	1,604	4,380	4,814
Settlement charge				(124)
Curtailment charge				111
Net benefit cost	537	1,372	1,027	4,124
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	176	159	501	475
Interest cost	543	473	2,084	1,419
Net amortization and deferral	137	123	1,069	368
Net benefit cost	$ 856	$ 755	$ 3,654	$ 2,262

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Goodwill and Other Intangible Assets - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended			3 Months Ended			9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012	Dec. 31, 2012	Mar. 31, 2013 Axiom Technology Partners LLC	Sep. 29, 2013 Trade Names	Dec. 31, 2012 Trade Names	Sep. 29, 2013 Trade Names Taut
Finite-Lived Intangible Assets [Line Items]
In-process research and development charge			$ 4,494			$ 4,500
Finite lived intangible asset	1,336,554		1,336,554		1,310,464		382,822	384,131	4,500
Finite lived intangible asset useful life									8 years
Amortization expense of intangible assets	$ 12,500	$ 11,100	$ 37,072	$ 32,263

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Aggregate Accounts Receivable, Net of Allowance for Doubtful Accounts (Parenthetical) (Detail) (Spain Italy Portugal And Greece, USD $) In Millions, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012
Spain Italy Portugal And Greece
Unusual Risk or Uncertainty [Line Items]
Accounts receivable, allowances	$ 8.4	$ 6.3

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Business segment information (Tables)

9 Months Ended

Sep. 29, 2013

Segment Results

The following tables present the Company’s segment results for the three and nine months ended September 29, 2013 and September 30, 2012:

	Three Months Ended September 29, 2013
	Americas		EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	192,494	$	132,265	$	55,263	$	33,774	$	413,796
Segment depreciation and amortization		17,783		7,035		1,134		1,123		27,075
Segment operating profit(1)		25,564		20,479		20,399		6,684		73,126
Segment expenditures for property, plant and equipment		14,188		2,701		258		508		17,655
Restructuring and other impairment charges		4,664		2,219		201		—		7,084
Intersegment revenues		26,550		42,480		12,191		163
	Three Months Ended September 30, 2012
	Americas		EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	169,548	$	116,015	$	45,592	$	36,899	$	368,054
Segment depreciation and amortization		16,439		5,249		967		1,058		23,713
Segment operating profit(1)		17,476		5,318		18,718		9,417		50,929
Segment expenditures for property, plant and equipment		9,253		3,248		43		2,052		14,596
Restructuring and other impairment charges		1,069		19		—		—		1,088
Intersegment revenues		38,874		17,136		—		94

	Nine Months Ended September 29, 2013
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	587,945		$	412,525	$	148,040	$	97,222	$	1,245,732
Segment depreciation and amortization		51,493			20,666		3,506		3,370		79,035
Segment operating profit(1)		79,941			58,163		49,520		20,778		208,402
Segment assets		1,974,737			998,256		247,118		41,073		3,261,184
Segment expenditures for property, plant and equipment		42,900			8,691		431		2,212		54,234
Restructuring and other impairment charges		16,745			11,426		446		588		29,205
Intersegment revenues		95,872			115,770		33,738		373
	Nine Months Ended September 30, 2012
	Americas			EMEA		Asia		OEM		Totals
	(Dollars in thousands)
Segment Results
Segment net revenues from external customers	$	526,685		$	377,513	$	123,205	$	104,550	$	1,131,953
Segment depreciation and amortization		47,482			16,096		2,561		3,022		69,161
Segment operating profit(1)		64,975			46,706		41,500		22,884		176,065
Segment assets		1,784,773			767,995		268,669		38,835		2,860,272
Segment expenditures for property, plant and equipment		20,870			9,620		105		8,545		39,140
Restructuring and other impairment charges		(581	)		665		—		—		84
Intersegment revenues		114,562			52,235		—		382

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

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The following tables present reconciliations of segment results to the Company’s condensed consolidated income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes for the three and nine months ended September 29, 2013 and September 30, 2012:

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in thousands)
Reconciliation of Segment Operating Profit to Income (Loss) from Continuing Operations Before Interest, Loss on Extinguishments of Debt and Taxes
Segment operating profit	$	73,126		$	50,929		$	208,402		$	176,065
Goodwill impairment		—			—			—			(332,128	)
Restructuring and other impairment charges		(7,084	)		(1,088	)		(29,205	)		(84	)
Gain on sales of businesses and assets		—			—			—			332
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	$	66,042		$	49,841		$	179,197		$	(155,815	)

Reconciliation of Assets from Segment to Consolidated

	September 29, 2013		September 30, 2012
	(Dollars in thousands)
Reconciliation of Segment Assets to Condensed Consolidated Total Assets
Segment assets	$	3,261,184	$	2,860,272
Corporate assets		516,744		802,656
Assets held for sale		10,435		7,861
Total assets	$	3,788,363	$	3,670,789

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated

	Three Months Ended				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(Dollars in thousands)
Reconciliation of Segment Expenditures for Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plant and Equipment
Segment expenditures for property, plant and equipment	$	17,655	$	14,596	$	54,234	$	39,140
Corporate expenditures for property, plant and equipment		88		2,603		406		6,952
Total expenditures for property, plant and equipment	$	17,743	$	17,199	$	54,640	$	46,092

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Fair value measurement (Tables)

9 Months Ended

Sep. 29, 2013

Financial Assets and Liabilities Carried at Fair Value Measured on Recurring Basis

The following tables provide information regarding the financial assets and liabilities carried at fair value measured on a recurring basis as of September 29, 2013 and December 31, 2012:

	Total carrying value at September 29, 2013		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	5,646	$	5,646	$	—	$	—
Derivative assets		184		—		184		—
Derivative liabilities		1,171		—		1,171		—
Contingent consideration liabilities		20,610		—		—		20,610

	Total carrying value at December 31, 2012		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	4,785	$	4,785	$	—	$	—
Derivative assets		1,279		—		1,279		—
Derivative liabilities		598		—		598		—
Contingent consideration liabilities		51,196		—		—		51,196

Reconciliation of Changes in Level 3 Financial Liabilities Measured at Fair Value on Recurring Basis

The following table provides information regarding changes in Level 3 financial liabilities related to contingent consideration in connection with various Company acquisitions, including those described in Note 3, during the period ended September 29, 2013:

	Contingent consideration
	2013
	(Dollars in thousands)
Balance — January 1, 2013	$	51,196
Payment		(18,177	)
Revaluations		(12,387	)
Translation adjustment		(22	)
Balance — September 29, 2013	$	20,610

Valuation Technique and Inputs Used to Determine Fair Value of Assets or Liabilities

The following table provides information regarding the valuation techniques and inputs used in determining the fair value of assets or liabilities categorized as Level 3 measurements:

	Valuation Technique	Unobservable Input	Range (Weighted Average)
Contingent consideration	Discounted cash flow	Discount rate		2%-10%(6%)
		Probability of payment		0%-100%(32%)

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Changes in shareholders' equity (Tables)

9 Months Ended

Sep. 29, 2013

Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding

The following table provides a reconciliation of basic to diluted weighted average shares outstanding:

	Three Months Ended				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(Shares in thousands)
Basic		41,132		40,890		41,087		40,831
Dilutive effect of share based awards		383		274		383		—
Dilutive effect of 3.875% Convertible Notes and warrants		1,749		347		1,776		—
Diluted		43,264		41,511		43,246		40,831

Change in Accumulated Other Comprehensive Income (Loss)

The following tables provide information relating to the changes in accumulated other comprehensive income (loss), net of tax, for the nine months ended September 29, 2013 and September 30, 2012:

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2012	$	(381	)	$	(127,257	)	$	(4,410	)	$	(132,048	)
Other comprehensive income (loss) before reclassifications		(370	)		(762	)		(9,018	)		(10,150	)
Amounts reclassified from accumulated other comprehensive income (loss)		318			3,497			—			3,815
Net current-period other comprehensive income (loss)		(52	)		2,735			(9,018	)		(6,335	)
Balance at September 29, 2013	$	(433	)	$	(124,522	)	$	(13,428	)	$	(138,383	)

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2011	$	(7,257	)	$	(134,548	)	$	(17,548	)	$	(159,353	)
Other comprehensive income (loss) before reclassifications		551			(133	)		10,305			10,723
Amounts reclassified from accumulated other comprehensive income		6,461			3,341			—			9,802
Net current-period other comprehensive income		7,012			3,208			10,305			20,525
Balance at September 30, 2012	$	(245	)	$	(131,340	)	$	(7,243	)	$	(138,828	)

Reclassification of Gain/Losses into Income/Expense, Net of Tax

The following table provides information relating to the reclassifications of losses/(gain) in accumulated other comprehensive income into expense/(income), net of tax, for the three and nine months ended September 29, 2013 and September 30, 2012:

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in thousands)
Gains and losses on cash flow hedges:
Interest Rate Contracts:
Interest expense	$	—		$	3,663		$	—		$	11,057
Foreign Exchange Contracts:
Cost of goods sold		850			13			154			(754	)
Total before tax		850			3,676			154			10,303
Tax expense (benefit)		(158	)		(1,364	)		164			(3,842	)
Net of tax	$	692		$	2,312		$	318		$	6,461
Amortization of pension and other postretirement benefits items:
Actuarial losses/(gains)(1)	$	1,696		$	1,707		$	5,460		$	5,125
Prior-service costs(1)		(4	)		(5	)		(15	)		(17	)
Transition obligation(1)		1			25			4			74
Curtailment charge(1)		—			—			—			111
Settlement charge(1)		—			—			—			(124	)
Total before tax		1,693			1,727			5,449			5,169
Tax expense (benefit)		(604	)		(611	)		(1,952	)		(1,828	)
Net of tax	$	1,089		$	1,116		$	3,497		$	3,341
Total reclassifications, net of tax	$	1,781		$	3,428		$	3,815		$	9,802

(1) These accumulated other comprehensive income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 13, “Pension and other postretirement benefits” for additional information).

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Restructuring and other impairment charges

9 Months Ended

Sep. 29, 2013

Restructuring and other impairment charges

Note 4 — Restructuring and other impairment charges

The amounts recognized in restructuring and other impairment charges for the three and nine months ended September 29, 2013 and September 30, 2012 consisted of the following:

	Three Months Ended					Nine Months Ended
	September 29, 2013		September 30, 2012			September 29, 2013		September 30, 2012
	(Dollars in thousands)
LMA restructuring program	$	1,768	$	—		$	8,364	$	—
2013 restructuring charges		826		—			8,656		—
2012 restructuring charges		1,098		1,107			4,164		1,978
2011 restructuring program		—		(60	)		—		(60	)
2007 Arrow integration program		38		41			173		(1,834	)
Long-lived asset impairment		3,354		—			3,354		—
In-process research and development impairment		—		—			4,494		—
Restructuring and other impairment charges	$	7,084	$	1,088		$	29,205	$	84

LMA Restructuring Program

In connection with the acquisition of LMA, the Company formulated a plan related to the integration of the LMA business and the Company’s businesses. The integration plan focuses on the closure of the LMA business’ corporate functions and the consolidation of manufacturing, sales, marketing, and distribution functions in North America, Europe and Asia. The charges associated with this restructuring program that are included in restructuring and other impairment charges during the three and nine month periods ended September 29, 2013 were as follows:

	Three Months Ended September 29, 2013		Nine Months  Ended September 29, 2013
	(Dollars in thousands)
Termination benefits	$	492	$	3,318
Facility closure costs		162		536
Contract termination costs		1,097		4,378
Other restructuring costs		17		132
	$	1,768	$	8,364

A reconciliation of the changes in accrued liabilities associated with the LMA restructuring program from December 31, 2012 through September 29, 2013 is set forth in the following table:

	Termination benefits			Facility Closure Costs			Contract Termination Costs			Other Restructuring Costs			Total
	(Dollars in thousands)
Balance at December 31, 2012	$	1,744		$	—		$	277		$	12		$	2,033
Subsequent accruals		3,318			536			4,378			132			8,364
Cash payments		(3,890	)		(233	)		(3,922	)		(85	)		(8,130	)
Foreign currency translation		(17	)		—			67			(6	)		44
Balance at September 29, 2013	$	1,155		$	303		$	800		$	53		$	2,311

As of September 29, 2013, the Company expects to incur additional restructuring charges of approximately $7 million over the next year primarily related to the termination of certain distributor agreements.

2013 Restructuring Charges

The Company regularly evaluates opportunities to consolidate facilities, lower costs and improve operating efficiencies. In 2013, the Company initiated programs to consolidate manufacturing facilities in North America and warehouse facilities in Europe and terminate certain European distributor agreements in an effort to reduce costs. As a result of these actions, the Company has and will incur costs related to reductions in force, facility closure, contract termination and other costs. For the three and nine month periods ended September 29, 2013, the Company incurred restructuring charges of $0.8 million and $8.7 million, respectively, primarily related to reductions in force, contract termination costs and charges related to expected post-closing obligations associated with its acquired businesses. As of September 29, 2013, the Company has a reserve of $3.0 million in connection with these projects.

2012 Restructuring Charges

In 2012, the Company identified opportunities to improve its supply chain strategy by consolidating its three North American warehouses into one centralized warehouse; and lower costs and improve operating efficiencies through the termination of certain distributor agreements in Europe, the closure of certain North American facilities and workforce reductions. These projects will entail costs related to reductions in force, contract terminations related distributor agreements and leases, and facility closure and other costs. For the three and nine month periods ended September 29, 2013, the Company incurred restructuring charges of $1.1 million and $4.2 million, respectively, related to the aforementioned cost categories. As of September 29, 2013, the Company has a reserve of $2.5 million in connection with these projects.

2011 Restructuring Program

In 2011, the Company initiated a restructuring program at three facilities to consolidate operations and reduce costs. As of September 29, 2013, in connection with this program, the Company has a reserve of $1.3 million, which primarily relates to contract termination costs associated with a leased facility that the Company has partially vacated. The Company expects to incur additional contract termination costs of approximately $2.7 million associated with the lease termination when it has vacated the remaining portion of the premises in 2014. The payment of the lease contract termination costs will continue until 2015.

2007 Arrow Integration Program

In connection with the Company’s acquisition of Arrow International, Inc. (“Arrow”), the Company implemented a program in 2007 to integrate Arrow’s businesses into the Company’s other businesses. The aspects of this program that affect Teleflex employees and facilities (such aspects being referred to as the “2007 Arrow integration program”) are charged to earnings and classified as restructuring and impairment charges. As of September 29, 2013, the Company has a reserve of $0.4 million in connection with this program. The following table provides information relating to the charges associated with the 2007 Arrow integration program that were included in restructuring and other impairment charges in the condensed consolidated statements of income (loss) for the periods presented:

	Three Months Ended				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(Dollars in thousands)
Facility closure costs	$	38	$	41	$	173	$	189
Contract termination costs		—		—		—		(2,023	)
	$	38	$	41	$	173	$	(1,834	)

In 2012, the Company reversed approximately $2.0 million of contract termination costs related to a settlement of a dispute involving the termination of a European distributor agreement that was established in connection with the Company’s acquisition of Arrow.

As of September 29, 2013, the Company expects future restructuring expenses associated with the 2007 Arrow integration program, if any, to be nominal.

Impairment Charges

In-process research and development impairment

In the first quarter of 2013, the Company recorded a $4.5 million IPR&D charge pertaining to a research and development project associated with the Axiom acquisition because technological feasibility had not yet been achieved and the Company determined that the subject technology had no future alternative use.

Long-lived asset impairment

In the third quarter of 2013, the Company recorded $3.4 million in impairment charges related to assets held for sale that had a carrying value in excess of their appraised fair value.

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After Tax (Gain)/Loss Reclassified from Accumulated Other Comprehensive Income into Income (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Derivative Instruments, Gain (Loss) [Line Items]
After Tax Gain/(Loss) Recognized in OCI, Total	$ (40)	$ 2,706	$ (52)	$ 7,012
Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
After Tax Gain/(Loss) Recognized in OCI, Total		2,329		7,032
Foreign Exchange Contracts
Derivative Instruments, Gain (Loss) [Line Items]
After Tax Gain/(Loss) Recognized in OCI, Total	$ (40)	$ 377	$ (52)	$ (20)

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Asset Held for Sale (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012
Long Lived Assets Held-for-sale [Line Items]
Property, plant and equipment	$ 10,435	$ 7,963
Total assets held for sale	$ 10,435	$ 7,963

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Restructuring and other impairment charges (Tables)

9 Months Ended

Sep. 29, 2013

Restructuring and Other Impairment Charges

The amounts recognized in restructuring and other impairment charges for the three and nine months ended September 29, 2013 and September 30, 2012 consisted of the following:

	Three Months Ended					Nine Months Ended
	September 29, 2013		September 30, 2012			September 29, 2013		September 30, 2012
	(Dollars in thousands)
LMA restructuring program	$	1,768	$	—		$	8,364	$	—
2013 restructuring charges		826		—			8,656		—
2012 restructuring charges		1,098		1,107			4,164		1,978
2011 restructuring program		—		(60	)		—		(60	)
2007 Arrow integration program		38		41			173		(1,834	)
Long-lived asset impairment		3,354		—			3,354		—
In-process research and development impairment		—		—			4,494		—
Restructuring and other impairment charges	$	7,084	$	1,088		$	29,205	$	84

Changes in Accrued Liability Associated with Restructuring Program

A reconciliation of the changes in accrued liabilities associated with the LMA restructuring program from December 31, 2012 through September 29, 2013 is set forth in the following table:

	Termination benefits			Facility Closure Costs			Contract Termination Costs			Other Restructuring Costs			Total
	(Dollars in thousands)
Balance at December 31, 2012	$	1,744		$	—		$	277		$	12		$	2,033
Subsequent accruals		3,318			536			4,378			132			8,364
Cash payments		(3,890	)		(233	)		(3,922	)		(85	)		(8,130	)
Foreign currency translation		(17	)		—			67			(6	)		44
Balance at September 29, 2013	$	1,155		$	303		$	800		$	53		$	2,311

2007 Arrow Integration Program

Restructuring and Other Impairment Charges

The following table provides information relating to the charges associated with the 2007 Arrow integration program that were included in restructuring and other impairment charges in the condensed consolidated statements of income (loss) for the periods presented:

	Three Months Ended				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(Dollars in thousands)
Facility closure costs	$	38	$	41	$	173	$	189
Contract termination costs		—		—		—		(2,023	)
	$	38	$	41	$	173	$	(1,834	)

LMA Restructuring Program

Restructuring and Other Impairment Charges

The charges associated with this restructuring program that are included in restructuring and other impairment charges during the three and nine month periods ended September 29, 2013 were as follows:

	Three Months Ended September 29, 2013		Nine Months  Ended September 29, 2013
	(Dollars in thousands)
Termination benefits	$	492	$	3,318
Facility closure costs		162		536
Contract termination costs		1,097		4,378
Other restructuring costs		17		132
	$	1,768	$	8,364

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Basis of Presentation - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended		3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Mar. 31, 2013 Reclassifications	Sep. 30, 2012 Reclassifications	Dec. 31, 2012 Reclassifications	Dec. 31, 2011 Reclassifications
Organization and Summary of Significant Accounting Policies Disclosure [Line Items]
Contingent consideration payments	$ 16,367	$ 6,930	$ 7,200	$ 6,900	$ 17,600	$ 5,900

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Goodwill and other intangible assets, net

9 Months Ended

Sep. 29, 2013

Goodwill and other intangible assets, net

Note 7 — Goodwill and other intangible assets, net

The following table provides information relating to changes in the carrying amount of goodwill, by reportable segment, for the nine months ended September 29, 2013:

	Americas Segment			EMEA Segment			Asia Segment			Total
	(Dollars in thousands)
Balance as of December 31, 2012
Goodwill	$	1,086,707		$	353,282		$	141,595		$	1,581,584
Accumulated impairment losses		(332,128	)		—			—			(332,128	)
		754,579			353,282			141,595			1,249,456
Goodwill related to acquisitions		4,374			5,270			—			9,644
Purchase accounting adjustment(1)		(9,107	)		—			(2,126	)		(11,233	)
Translation adjustment		71			(164	)		(6,381	)		(6,474	)
Balance as of September 29, 2013
Goodwill		1,082,045			358,388			133,088			1,573,521
Accumulated impairment losses		(332,128	)		—			—			(332,128	)
	$	749,917		$	358,388		$	133,088		$	1,241,393

(1) Purchase accounting adjustments related primarily to the finalization of the purchase price allocation for the LMA acquisition.

The following table provides information, as of September 29, 2013 and December 31, 2012, regarding the gross carrying amount of, and accumulated amortization relating to, intangible assets, net:

	Gross Carrying Amount				Accumulated Amortization
	September 29, 2013		December 31, 2012		September 29, 2013			December 31, 2012
	(Dollars in thousands)
Customer relationships	$	586,790	$	580,151	$	(161,357	)	$	(141,520	)
In-process research and development (“IPR&D”)		71,634		53,157		—			—
Intellectual property		278,263		276,458		(111,602	)		(95,967	)
Distribution rights		16,708		16,567		(14,383	)		(13,880	)
Trade names		382,822		384,131		(1,029	)		(305	)
Noncompete agreements		337		—		(29	)		—
	$	1,336,554	$	1,310,464	$	(288,400	)	$	(251,672	)

During the first quarter of 2013, the Company recorded a $4.5 million IPR&D charge. See Note 4, “Restructuring and other impairment charges – In-process research and development impairment” for additional information.

At the beginning of 2013, due to a Company rebranding strategy, the Company reassessed the useful life of its Taut tradename, which had a carrying value of $4.5 million at January 1, 2013, and reclassified it from an indefinite lived intangible asset to a finite lived intangible asset with a useful life of eight years.

Amortization expense related to intangible assets was $12.5 million and $11.1 million for the three months ended September 29, 2013 and September 30, 2012, respectively, and $37.1 million and $32.3 million for the nine months ended September 29, 2013 and September 30, 2012, respectively. Estimated annual amortization expense for the remainder of 2013 and the next four succeeding years is as follows (dollars in thousands):

2013	$	12,700
2014		46,900
2015		44,900
2016		44,500
2017		44,100

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Schedule of Operating Results of Operations Treated as Discontinued Operations (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended			6 Months Ended	9 Months Ended
	Sep. 30, 2012		Jul. 01, 2012	Jul. 01, 2012	Sep. 30, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Goodwill impairment			$ 9,700		$ 9,700	[1]
Gain (loss) on disposition	$ (38)	[2]		$ 2,200	$ 2,226	[2]

[1] In the second quarter of 2012, the Company recognized a non-cash goodwill impairment charge of $9.7 million to adjust the carrying value of the orthopedic business to its estimated fair value.

[2] The $2.2 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

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Accumulated Other Comprehensive Income (Loss) into Income Expense (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 29, 2013		Sep. 30, 2012		Sep. 29, 2013		Sep. 30, 2012
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of goods sold	$ (209,804)		$ (187,487)		$ (631,730)		$ (582,908)
Income (loss) from continuing operations before taxes	50,988		31,688		135,839		(209,435)
Tax expense (benefit)	(5,209)		(7,237)		(18,958)		(2,961)
Net of tax	45,779		24,451		116,881		(212,396)
Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total reclassifications, net of tax	1,781		3,428		3,815		9,802
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Income (loss) from continuing operations before taxes	850		3,676		154		10,303
Tax expense (benefit)	(158)		(1,364)		164		(3,842)
Net of tax	692		2,312		318		6,461
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | Interest Rate Contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Interest expense			3,663				11,057
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges | Commodity Contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of goods sold	850		13		154		(754)
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Actuarial losses/(gains)	1,696	[1]	1,707	[1]	5,460	[1]	5,125	[1]
Prior-service costs	(4)	[1]	(5)	[1]	(15)	[1]	(17)	[1]
Transition obligation	1	[1]	25	[1]	4	[1]	74	[1]
Curtailment charge							111	[1]
Settlement charge							(124)	[1]
Income (loss) from continuing operations before taxes	1,693		1,727		5,449		5,169
Tax expense (benefit)	(604)		(611)		(1,952)		(1,828)
Net of tax	$ 1,089		$ 1,116		$ 3,497		$ 3,341

[1] These accumulated other comprehensive income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 13, "Pension and other postretirement benefits" for additional information).

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Acquisitions

9 Months Ended

Sep. 29, 2013

Acquisitions

Note 3 — Acquisitions

The Company made the following acquisitions during 2013, all of which were accounted for as business combinations:

• On June 11, 2013, the Company acquired the assets of Ultimate Medical Pty. Ltd. and its affiliates, a supplier of airway management devices with a related portfolio of patented products. This acquisition complements the anesthesia product portfolio in the Company’s Critical Care division.

• On June 6, 2013, the Company acquired Eon Surgical, Ltd., a developer of a minimally invasive microlaparoscopy surgical platform technology designed to enhance a surgeon’s ability to perform scarless surgery while producing better patient outcomes. This technology complements the product portfolio of the Company’s Surgical Care division.

The total fair value of consideration for the 2013 acquisitions is estimated at $38.5 million. Transaction expenses associated with the acquisitions, which are included in selling, general and administrative expenses on the consolidated statements of income (loss) were $0.1 million and $0.7 million for the three and nine months ended September 29, 2013, respectively. For both the three and nine month periods ended September 29, 2013, the Company has recorded revenue of approximately $1.2 million related to the businesses acquired in 2013. For the three month period ended September 29, 2013, the Company has recorded approximately $0.2 million of operating profit related to the businesses acquired in 2013. For the nine months ended September 29, 2013, operating profit related to these acquired businesses was nominal. The results of operations of the acquired businesses and assets are included in the consolidated statements of income (loss) from their respective acquisition date. Pro forma information is not presented as the operations of the acquired businesses are not significant to the overall operations of the Company.

In connection with these acquisitions, the Company recorded a liability of $2.8 million related to expected post-closing obligations associated with the acquired businesses, which expense is reflected in restructuring and impairment charges for the nine months ended September 29, 2013.

The following table presents the purchase price allocation among the assets acquired and liabilities assumed in the acquisitions that occurred during 2013:

	(Dollars in millions)
Assets
Current assets	$	3.8
Property, plant and equipment		0.5
Intangible assets:
Intellectual property		2.2
Tradenames		1.1
In-process research and development		19.9
Customer lists		8.4
Goodwill		9.6
Total assets acquired		45.5
Less:
Current liabilities		2.0
Deferred tax liabilities		5.0
Liabilities assumed		7.0
Net assets acquired	$	38.5

The Company is continuing to evaluate the initial purchase price allocation of the 2013 acquisitions. Further adjustments may be necessary as a result of the Company’s assessment of additional information related to the fair values of assets acquired and liabilities assumed, primarily related to certain tangible assets, deferred tax assets and liabilities and goodwill.

Among the acquired assets, intellectual property has a useful life of 10 years, customer lists have a useful life of 16 years and finite tradenames have useful lives ranging from 1 to 10 years. In-process research and development (“IPR&D”) has an indefinite life and is not amortized until development of the related project is completed, at which time the IPR&D becomes an amortizable asset. If the related project is not completed in a timely manner, the Company may incur an impairment charge related to the IPR&D, calculated as the excess of the asset’s carrying value over its fair value. The goodwill resulting from the acquisitions primarily reflects the expected revenue growth attributable to anticipated increased market penetration from acquired and future products and customers. Goodwill and the step-up in basis of the intangible assets in connection with stock acquisitions are not deductible for tax purposes.

The Company made the following acquisitions during 2012, all of which were accounted for as business combinations:

• On October 23, 2012, the Company acquired substantially all of the assets of LMA International N.V. (“LMA”), a global provider of laryngeal masks whose products are used in anesthesia and emergency care. On October 23, 2012, in a separate transaction, the Company also acquired the LMA branded laryngeal mask supraglottic airway business and certain other products in the United Kingdom, Ireland and Channel Islands from the shareholders of Intravent Direct Limited and affiliates. These acquisitions complement the anesthesia product portfolio in the Company’s Critical Care division.

• On June 22, 2012, the Company acquired Hotspur Technologies Inc., a developer of catheter-based technologies designed to restore blood flow in patients with obstructed vessels. The acquired business complements the dialysis access product line in the Company’s Cardiac Care division.

• On May 22, 2012, the Company acquired Semprus BioSciences Corp., a biomedical company that developed a long-lasting, covalently bonded, non-leaching polymer designed to reduce infections and thrombus related complications. While the Company will explore opportunities to apply this technology to a broad array of its product offerings, the initial focus for the technology will be on vascular devices within the Company’s Critical Care division.

• On May 3, 2012, the Company acquired substantially all of the assets of Axiom Technology Partners, LLC (the “Axiom acquisition”), constituting its EFx laparoscopic fascial closure system, which is designed for the closure of abdominal trocar defects through which access ports and instruments were used during laparoscopic surgeries. The acquired business complements the surgical closure product line in the Company’s Surgical Care division.

• On April 5, 2012, the Company acquired the EZ-Blocker product line, a single-use catheter used to perform lung isolation and one-lung ventilation. The acquisition of this product line complements the Anesthesia product portfolio in the Company’s Critical Care division.

In connection with the acquisitions, the Company agreed to pay contingent consideration based on the achievement of specified objectives, including the receipt of regulatory approvals and achievement of sales targets. The aggregate fair value of consideration for the 2012 acquisitions, based on the estimated fair values at the respective acquisition dates, was estimated at $422.2 million, which included the initial payments of $367.9 million in cash and the estimated fair value of the contingent consideration of $55.8 million, partially offset by a $1.5 million favorable working capital adjustment. The Company recorded $227.5 million of intangible assets and $152.8 million of goodwill related to these acquisitions. As of September 29, 2013, the Company has made aggregate contingent consideration payments of $26 million related to these acquisitions. The range of remaining undiscounted contingent consideration the Company could be required to pay is zero to $62 million. For further information on contingent consideration, see Note 10, “Fair Value Measurement.”

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012
Cash Flows from Operating Activities of Continuing Operations:
Net income (loss)	$ 116,682	$ (218,679)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss from discontinued operations	199	6,283
Depreciation expense	30,735	26,159
Amortization expense of intangible assets	37,072	32,263
Amortization expense of deferred financing costs and debt discount	11,228	10,739
Loss on extinguishments of debt	1,250
Impairment of long-lived assets	3,354
Stock-based compensation	8,426	6,170
In-process research and development impairment	4,494
Gain on sales of businesses and assets		(332)
Goodwill impairment		332,128
Deferred income taxes, net	(457)	(27,217)
Other	(24,442)	(2,442)
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:
Accounts receivable	(12,395)	1,934
Inventories	(23,576)	(4,619)
Prepaid expenses and other current assets	(5,420)	10,144
Accounts payable and accrued expenses	(2,113)	(2,047)
Income taxes receivable and payable, net	(10,820)	(31,352)
Net cash provided by operating activities from continuing operations	134,217	139,132
Cash Flows from Investing Activities of Continuing Operations:
Expenditures for property, plant and equipment	(54,640)	(46,092)
Proceeds from sales of businesses and assets, net of cash sold		66,605
Investments in affiliates	(50)	(80)
Payments for businesses and intangibles acquired, net of cash acquired	(40,450)	(55,697)
Net cash (used in) provided by investing activities from continuing operations	(95,140)	(35,264)
Cash Flows from Financing Activities of Continuing Operations:
Proceeds from long-term borrowings	382,000
Repayment of long-term borrowings	(375,000)
Debt extinguishment, issuance and amendment fees	(6,365)
Decrease in notes payable and current borrowings		(706)
Proceeds from stock compensation plans	6,395	7,714
Payments for contingent consideration	(16,367)	(6,930)
Payments to noncontrolling interest shareholders	(736)
Dividends	(41,915)	(41,661)
Net cash provided by (used in) financing activities from continuing operations	(51,988)	(41,583)
Cash Flows from Discontinued Operations:
Net cash used in operating activities	(2,167)	(6,477)
Net cash used in investing activities		(2,351)
Net cash (used in) provided by discontinued operations	(2,167)	(8,828)
Effect of exchange rate changes on cash and cash equivalents	4,476	(2,716)
Net (decrease) increase in cash and cash equivalents	(10,602)	50,741
Cash and cash equivalents at the beginning of the period	337,039	584,088
Cash and cash equivalents at the end of the period	$ 326,437	$ 634,829

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Schedule of Operating Results of Operations Treated as Discontinued Operations (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended					6 Months Ended	9 Months Ended
	Sep. 29, 2013		Sep. 30, 2012		Jul. 01, 2012	Jul. 01, 2012	Sep. 29, 2013		Sep. 30, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net revenues			$ 2,789						$ 16,616
Costs and other expenses	38		3,582				(1,746)		17,093
Goodwill impairment					9,700				9,700	[1]
Gain (loss) on disposition			(38)	[2]		2,200			2,226	[2]
Income (loss) from discontinued operations before income taxes	38		(831)				(1,746)		(7,951)
Provision for income taxes	(991)	[3]	1,690	[3]			(1,547)	[3]	(1,668)	[3]
Income (loss) from discontinued operations	1,029		(2,521)				(199)		(6,283)
Less: Income from discontinued operations attributable to noncontrolling interest
Income (loss) from discontinued operations attributable to common shareholders	$ 1,029		$ (2,521)				$ (199)		$ (6,283)

[1] In the second quarter of 2012, the Company recognized a non-cash goodwill impairment charge of $9.7 million to adjust the carrying value of the orthopedic business to its estimated fair value.

[2] The $2.2 million pre-tax gain on disposition in 2012 reflects the gain recognized on a working capital purchase price adjustment in the second quarter related to the sale of the cargo systems and cargo container businesses.

[3] The provision for income taxes for the three months ended September 29, 2013 was impacted favorably by the realization of a tax benefit resulting from the expiration of statutes of limitation for a U.S. matter.

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Changes in Carrying Amount of Goodwill, by Reporting Segment (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2013		Dec. 31, 2012
Goodwill [Line Items]
Goodwill gross	$ 1,573,521		$ 1,581,584
Accumulated impairment losses	(332,128)		(332,128)
Goodwill net	1,241,393		1,249,456
Goodwill related to acquisitions	9,644
Purchase accounting adjustment	(11,233)	[1]
Translation adjustment	(6,474)
Americas
Goodwill [Line Items]
Goodwill gross	1,082,045		1,086,707
Accumulated impairment losses	(332,128)		(332,128)
Goodwill net	749,917		754,579
Goodwill related to acquisitions	4,374
Purchase accounting adjustment	(9,107)	[1]
Translation adjustment	71
EMEA
Goodwill [Line Items]
Goodwill gross	358,388		353,282
Goodwill net	358,388		353,282
Goodwill related to acquisitions	5,270
Translation adjustment	(164)
Asia
Goodwill [Line Items]
Goodwill gross	133,088		141,595
Goodwill net	133,088		141,595
Purchase accounting adjustment	(2,126)	[1]
Translation adjustment	$ (6,381)

[1] Purchase accounting adjustments related primarily to the finalization of the purchase price allocation for the LMA acquisition.

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Reconciliation of Changes in Accrued Liabilities Associated with Restructuring Program (Detail) (LMA Restructuring Program, USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 29, 2013
Restructuring Cost and Reserve [Line Items]
Balance at December 31, 2012	$ 2,033
Subsequent accruals	8,364
Cash payments	(8,130)
Foreign currency translation	44
Balance at September 29, 2013	2,311
Termination Benefits
Restructuring Cost and Reserve [Line Items]
Balance at December 31, 2012	1,744
Subsequent accruals	3,318
Cash payments	(3,890)
Foreign currency translation	(17)
Balance at September 29, 2013	1,155
Facility Closure Costs
Restructuring Cost and Reserve [Line Items]
Subsequent accruals	536
Cash payments	(233)
Balance at September 29, 2013	303
Contract Termination Costs
Restructuring Cost and Reserve [Line Items]
Balance at December 31, 2012	277
Subsequent accruals	4,378
Cash payments	(3,922)
Foreign currency translation	67
Balance at September 29, 2013	800
Other Restructuring Costs
Restructuring Cost and Reserve [Line Items]
Balance at December 31, 2012	12
Subsequent accruals	132
Cash payments	(85)
Foreign currency translation	(6)
Balance at September 29, 2013	$ 53

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Reconciliation of Segment Assets to Consolidated Total Assets (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012	Sep. 30, 2012
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 3,788,363	$ 3,739,497	$ 3,670,789
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	3,261,184		2,860,272
Corporate, Non-Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	516,744		802,656
Assets Held-for-sale
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 10,435		$ 7,861

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Borrowings (Tables)

9 Months Ended

Sep. 29, 2013

Components of Long-Term Debt

The components of long-term debt at September 29, 2013 and December 31, 2012 are as follows:

	September 29, 2013			December 31, 2012
	(Dollars in thousands)
Senior Credit Facility:
Revolving credit facility, at a rate of 1.93% at September 29, 2013, due 7/16/2018	$	382,000		$	—
Term loan facility, at a rate of 2.75% at December 31, 2012, due 10/1/2014		—			375,000
3.875% Convertible Senior Subordinated Notes due 2017		400,000			400,000
6.875% Senior Subordinated Notes due 2019		250,000			250,000
		1,032,000			1,025,000
Less: Unamortized debt discount on 3.875% Convertible Senior Subordinated Notes due 2017		(51,312	)		(59,720	)
	$	980,688		$	965,280

Fair Value of Debt

The following table provides the fair value of the Company’s debt as of September 29, 2013, categorized by fair value hierarchy level (see Note 12, “Fair value measurement,” in the Company’s annual report on Form 10-K for the year ended December 31, 2012 for further information) :

	Fair value of debt
	(Dollars in thousands)
Level 1	$	824,748
Level 2		367,918
Total	$	1,192,666

Aggregate Amounts of Long-Term Debt

As of September 29, 2013, the aggregate amounts of long-term debt, demand loans and debt under the Company’s securitization program that will mature during the remainder of 2013, during each of the next three fiscal years and thereafter were as follows:

	(Dollars in thousands)
2013	$	4,700
2014		—
2015		—
2016		—
2017 and thereafter		1,032,000

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Reconciliation of Segment Operating Profit to Income (Loss) from Continuing Operations before Interest, Loss on Extinguishment of Debt and Taxes (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended					9 Months Ended
	Sep. 29, 2013		Sep. 30, 2012		Jul. 01, 2012	Sep. 29, 2013		Sep. 30, 2012
Segment Reporting, Other Significant Reconciling Item [Line Items]
Goodwill impairment					$ (332,000)			$ (332,128)
Restructuring and other impairment charges	(7,084)		(1,088)			(29,205)		(84)
Gain on sales of businesses and assets								332
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	66,042		49,841			179,197		(155,815)
Operating Segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Restructuring and other impairment charges	(7,084)		(1,088)			(29,205)		(84)
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes	$ 73,126	[1]	$ 50,929	[1]		$ 208,402	[1]	$ 176,065	[1]

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

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Divestiture-Related Activities - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 26, 2012	Sep. 30, 2012	Jul. 01, 2012	Sep. 29, 2013	Sep. 30, 2012	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of an asset held for sale			$ 300,000
Book value of Building sold				320,542,000		297,945,000
Retained liability income (expenses) on divested business		(900,000)		1,700,000	(1,100,000)
Proceeds from sale of business	45,200,000
Gain from sale of business	39,000
Building
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Book value of Building sold			$ 0

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Financial Assets and Liabilities Carried at Fair Value Measured on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments in marketable securities	$ 5,646	$ 4,785
Derivative assets	184	1,279
Derivative liabilities	1,171	598
Contingent consideration liabilities	20,610	51,196
Quoted Prices In Active Markets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments in marketable securities	5,646	4,785
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative assets	184	1,279
Derivative liabilities	1,171	598
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Contingent consideration liabilities	$ 20,610	$ 51,196

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Fair Value of Debt (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012
Fair Value Measurements [Line Items]
Fair value of debt	$ 1,192,666
Quoted Prices In Active Markets (Level 1)
Fair Value Measurements [Line Items]
Fair value of debt	824,748
Significant Other Observable Inputs (Level 2)
Fair Value Measurements [Line Items]
Fair value of debt	$ 367,918

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Schedule of Reconciliation Of Segment Expenditures For Property, Plant and Equipment to Condensed Consolidated Total Expenditures for Property, Plant, and Equipment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013	Sep. 30, 2012
Segment Reporting, Asset Reconciling Item [Line Items]
Total expenditures for property, plant and equipment	$ 17,743	$ 17,199	$ 54,640	$ 46,092
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total expenditures for property, plant and equipment	17,655	14,596	54,234	39,140
Corporate, Non-Segment
Segment Reporting, Asset Reconciling Item [Line Items]
Total expenditures for property, plant and equipment	$ 88	$ 2,603	$ 406	$ 6,952

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Fair value measurement

9 Months Ended

Sep. 29, 2013

Fair value measurement

Note 10 — Fair value measurement

For a description of the fair value hierarchy, see Note 11 to the Company’s 2012 consolidated financial statements included in its annual report on Form 10-K for the year ended December 31, 2012.

The following tables provide information regarding the financial assets and liabilities carried at fair value measured on a recurring basis as of September 29, 2013 and December 31, 2012:

	Total carrying value at September 29, 2013		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	5,646	$	5,646	$	—	$	—
Derivative assets		184		—		184		—
Derivative liabilities		1,171		—		1,171		—
Contingent consideration liabilities		20,610		—		—		20,610

	Total carrying value at December 31, 2012		Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	(Dollars in thousands)
Investments in marketable securities	$	4,785	$	4,785	$	—	$	—
Derivative assets		1,279		—		1,279		—
Derivative liabilities		598		—		598		—
Contingent consideration liabilities		51,196		—		—		51,196

There were no transfers of financial assets or liabilities carried at fair value among Level 1, Level 2 or Level 3 within the fair value hierarchy during the nine months ended September 29, 2013.

The following table provides information regarding changes in Level 3 financial liabilities related to contingent consideration in connection with various Company acquisitions, including those described in Note 3, during the period ended September 29, 2013:

	Contingent consideration
	2013
	(Dollars in thousands)
Balance — January 1, 2013	$	51,196
Payment		(18,177	)
Revaluations		(12,387	)
Translation adjustment		(22	)
Balance — September 29, 2013	$	20,610

The Company reduced contingent consideration liabilities and selling, general and administrative expense by approximately $4.4 million and $12.4 million for the three and nine month periods ended September 29, 2013, respectively, and $0.7 million for the nine month period ended September 30, 2012 after determining that certain conditions for the payment of certain contingent consideration would not be satisfied.

In the third quarter of 2013, the Company recorded a long-lived asset impairment charge of $3.4 million based on Level 3 inputs. See Note 4 for a discussion of the long-lived asset impairment.

In the first quarter of 2012, the Company recorded a goodwill impairment charge of $332 million based on Level 3 inputs. See Note 5 for a discussion of the goodwill impairment.

Valuation Techniques

The Company’s financial assets valued based upon Level 1 inputs are comprised of investments in marketable securities held in trust, which are available to pay benefits under certain deferred compensation plans and other compensatory arrangements. The investment assets of the trust are valued using quoted market prices.

The Company’s financial assets and financial liabilities valued based upon Level 2 inputs are comprised of foreign currency forward contracts. The Company uses forward rate contracts to manage currency transaction exposure. The fair value of the foreign currency forward exchange contracts represents the amount required to enter into offsetting contracts with similar remaining maturities based on quoted market prices. The Company has taken into account the creditworthiness of the counterparties in measuring fair value.

The Company’s financial liabilities valued based upon Level 3 inputs are comprised of contingent consideration arrangements pertaining to the Company’s acquisitions. The Company accounts for contingent consideration in accordance with applicable guidance related to business combinations. In connection with several of its acquisitions, the Company agreed to pay contingent consideration upon the achievement of specified objectives, including receipt of regulatory approvals, achievement of sales targets and, in some instances, the passage of time (collectively, “milestone payments”), and therefore recorded contingent consideration liabilities at the time of the acquisitions. The Company is required to reevaluate the fair value of contingent consideration each reporting period based on new developments and record changes in fair value until such consideration is satisfied through payment upon the achievement of the specified objectives or is no longer payable due to failure to achieve the specified objectives.

It is estimated that milestone payments will occur in 2013 and may extend until 2018 or later. As of September 29, 2013, the range of undiscounted amounts the Company could be required to pay for contingent consideration arrangements is between zero and $77.7 million. The Company determines the fair value of the liabilities for the contingent consideration based on a probability-weighted discounted cash flow analysis. This fair value measurement is based on significant inputs not observable in the market and thus represents a Level 3 measurement within the fair value hierarchy. The fair value of the contingent consideration liability associated with future milestone payments was based on several factors including:

• estimated cash flows projected from the success of market launches;

• the estimated time and resources needed to complete the development of acquired technologies;

• the uncertainty of obtaining regulatory approvals within the required time periods; and

• the risk adjusted discount rate for fair value measurement.

The following table provides information regarding the valuation techniques and inputs used in determining the fair value of assets or liabilities categorized as Level 3 measurements:

	Valuation Technique	Unobservable Input	Range (Weighted Average)
Contingent consideration	Discounted cash flow	Discount rate		2%-10%(6%)
		Probability of payment		0%-100%(32%)

As of September 29, 2013, of the $20.6 million of total recorded liabilities for contingent consideration, the Company has recorded approximately $4.7 million in Current portion of contingent consideration and the remaining $15.9 million in Other liabilities.

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Inventories, net

9 Months Ended

Sep. 29, 2013

Inventories, net

Note 6 — Inventories, net

Inventories as of September 29, 2013 and December 31, 2012 consisted of the following:

	September 29, 2013			December 31, 2012
	(Dollars in thousands)
Raw materials	$	71,751		$	84,636
Work-in-process		56,541			47,440
Finished goods		249,514			222,974
		377,806			355,050
Less: Inventory reserve		(31,690	)		(31,703	)
Inventories, net	$	346,116		$	323,347

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Fair Value Measurement - Additional Information (Detail) (USD $)	3 Months Ended		9 Months Ended				3 Months Ended
	Sep. 29, 2013	Jul. 01, 2012	Sep. 29, 2013	Sep. 30, 2012	Sep. 29, 2013 Minimum	Sep. 29, 2013 Maximum	Sep. 29, 2013 Significant Unobservable Inputs (Level 3)	Apr. 01, 2012 Significant Unobservable Inputs (Level 3)
Fair Value Measurements [Line Items]
Reversal of contingent consideration	$ 4,400,000		$ 12,400,000	$ 700,000
Impairment charges related to assets held for sale	3,354,000		3,354,000				3,354,000
Goodwill impairment		332,000,000		332,128,000				332,000,000
Fair value of contingent consideration liability associated with future milestone					0	77,700,000
Contingent consideration	20,600,000		20,600,000
Current contingent consideration	4,700,000		4,700,000
Other liabilities	$ 15,900,000		$ 15,900,000

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Pension and other postretirement benefits

9 Months Ended

Sep. 29, 2013

Pension and other postretirement benefits

Note 13 — Pension and other postretirement benefits

The Company has a number of defined benefit pension and postretirement plans covering eligible U.S. and non-U.S. employees. The defined benefit pension plans are noncontributory. The benefits under these plans are based primarily on years of service and employees’ pay near retirement. The Company’s funding policy for U.S. plans is to contribute annually, at a minimum, amounts required by applicable laws and regulations. Obligations under non-U.S. plans are systematically provided for by depositing funds with trustees or by book reserves. As of September 29, 2013, the Company’s U.S. defined benefit pension plans and the Company’s other postretirement benefit plans, except certain postretirement benefit plans covering employees subject to a collective bargaining agreement, are effectively frozen.

The Company and certain of its subsidiaries provide medical, dental and life insurance benefits to pensioners and survivors. The associated plans are unfunded and approved claims are paid from Company funds.

Net benefit cost of pension and postretirement benefit plans consisted of the following:

	Pension Three Months Ended						Postretirement Benefits Three Months Ended				Pension Nine Months Ended						Postretirement Benefits Nine Months Ended
	September  29, 2013			September  30, 2012			September  29, 2013		September  30, 2012		September  29, 2013			September  30, 2012			September  29, 2013		September  30, 2012
	(Dollars in thousands)
Service cost	$	432		$	696		$	176	$	159	$	1,361		$	2,085		$	501	$	475
Interest cost		4,333			4,115			543		473		12,614			12,366			2,084		1,419
Expected return on Plan assets		(5,784	)		(5,043	)		—		—		(17,328	)		(15,128	)		—		—
Net amortization and deferral		1,556			1,604			137		123		4,380			4,814			1,069		368
Settlement charge		—			—			—		—		—			(124	)		—		—
Curtailment charge		—			—			—		—		—			111			—		—
Net benefit cost	$	537		$	1,372		$	856	$	755	$	1,027		$	4,124		$	3,654	$	2,262

The Company’s pension contributions are expected to be approximately $17.5 million during 2013, of which $2.1 million and $15.7 million were made during the three and nine months ended September 29, 2013, respectively.

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Changes in shareholders' equity

9 Months Ended

Sep. 29, 2013

Changes in shareholders' equity

Note 11 — Changes in shareholders’ equity

In 2007, the Company’s Board of Directors authorized the repurchase of up to $300 million of outstanding Company common stock. Repurchases of Company stock under the Board authorization may be made from time to time in the open market and may include privately-negotiated transactions as market conditions warrant and subject to regulatory considerations. The stock repurchase program has no expiration date and the Company’s ability to execute on the program will depend on, among other factors, cash requirements for acquisitions, cash generated from operations, debt repayment obligations, market conditions and regulatory requirements. In addition, under the Company’s senior credit agreements, the Company is subject to certain restrictions relating to its ability to repurchase shares in the event the Company’s consolidated leverage ratio (generally, the ratio of Consolidated Total Indebtedness to Consolidated EBITDA, as defined in the senior credit agreements) exceeds certain levels, which may limit the Company’s ability to repurchase shares under this Board authorization. Through September 29, 2013, no shares have been purchased under this Board authorization.

The following table provides a reconciliation of basic to diluted weighted average shares outstanding:

	Three Months Ended				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(Shares in thousands)
Basic		41,132		40,890		41,087		40,831
Dilutive effect of share based awards		383		274		383		—
Dilutive effect of 3.875% Convertible Notes and warrants		1,749		347		1,776		—
Diluted		43,264		41,511		43,246		40,831

The 3.875% Convertible Senior Subordinated Notes due 2017 are included in the dilutive net income per share calculation using the treasury stock method only during periods in which the average market price of our common stock is above the applicable conversion price of the Convertible Notes, or $61.32 per share, and, therefore, the impact of conversion would not be anti-dilutive. In these periods, under the treasury stock method, we calculate the number of shares issuable under the terms of these notes based on the average market price of the stock during the period, and include that number in the total diluted shares outstanding for the period.

In connection with the issuance of the Convertible Notes, the Company entered into convertible note hedge and warrant agreements. The convertible note hedge economically reduces the dilutive impact of the Convertible Notes. However, because the Company separately analyzes the impact of the convertible note hedge and the impact of the warrant agreements on diluted weighted average shares outstanding, the purchases of the convertible note hedges are excluded because their impact would be anti-dilutive. The anti-dilutive shares associated with the convertible note hedges are 1.4 million for both the three and nine month periods ended September 29, 2013, and 0.3 million and 0.1 million for the three and nine month periods ended September 30, 2012, respectively. The treasury stock method is applied when the warrants are in-the-money, assuming the proceeds from the exercise of the warrant are used to repurchase shares based on the average stock price during the period. The strike price of the warrants is approximately $74.65 per share of common stock. Shares issuable upon exercise of the warrants that were included in the total diluted shares outstanding was 0.3 million for both the three and nine month periods ended September 29, 2013. The warrants had no dilutive impact for the three and nine month periods ended September 30, 2012. The total number of shares that could potentially be included if the warrants were exercised is approximately 7.4 million at September 29, 2013.

Weighted average stock options that were antidilutive and therefore not included in the calculation of earnings per share was approximately 8.0 million and 7.9 million for the three and nine month periods ended September 29, 2013, respectively, and approximately 8.4 million and 9.0 million for the three and nine month periods ended September 30, 2012, respectively.

The following tables provide information relating to the changes in accumulated other comprehensive income (loss), net of tax, for the nine months ended September 29, 2013 and September 30, 2012:

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2012	$	(381	)	$	(127,257	)	$	(4,410	)	$	(132,048	)
Other comprehensive income (loss) before reclassifications		(370	)		(762	)		(9,018	)		(10,150	)
Amounts reclassified from accumulated other comprehensive income (loss)		318			3,497			—			3,815
Net current-period other comprehensive income (loss)		(52	)		2,735			(9,018	)		(6,335	)
Balance at September 29, 2013	$	(433	)	$	(124,522	)	$	(13,428	)	$	(138,383	)

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2011	$	(7,257	)	$	(134,548	)	$	(17,548	)	$	(159,353	)
Other comprehensive income (loss) before reclassifications		551			(133	)		10,305			10,723
Amounts reclassified from accumulated other comprehensive income		6,461			3,341			—			9,802
Net current-period other comprehensive income		7,012			3,208			10,305			20,525
Balance at September 30, 2012	$	(245	)	$	(131,340	)	$	(7,243	)	$	(138,828	)

The following table provides information relating to the reclassifications of losses/(gain) in accumulated other comprehensive income into expense/(income), net of tax, for the three and nine months ended September 29, 2013 and September 30, 2012:

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in thousands)
Gains and losses on cash flow hedges:
Interest Rate Contracts:
Interest expense	$	—		$	3,663		$	—		$	11,057
Foreign Exchange Contracts:
Cost of goods sold		850			13			154			(754	)
Total before tax		850			3,676			154			10,303
Tax expense (benefit)		(158	)		(1,364	)		164			(3,842	)
Net of tax	$	692		$	2,312		$	318		$	6,461
Amortization of pension and other postretirement benefits items:
Actuarial losses/(gains)(1)	$	1,696		$	1,707		$	5,460		$	5,125
Prior-service costs(1)		(4	)		(5	)		(15	)		(17	)
Transition obligation(1)		1			25			4			74
Curtailment charge(1)		—			—			—			111
Settlement charge(1)		—			—			—			(124	)
Total before tax		1,693			1,727			5,449			5,169
Tax expense (benefit)		(604	)		(611	)		(1,952	)		(1,828	)
Net of tax	$	1,089		$	1,116		$	3,497		$	3,341
Total reclassifications, net of tax	$	1,781		$	3,428		$	3,815		$	9,802

(1) These accumulated other comprehensive income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 13, “Pension and other postretirement benefits” for additional information).

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Document and Entity Information	9 Months Ended
	Sep. 29, 2013	Oct. 18, 2013
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 29, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Trading Symbol	TFX
Entity Registrant Name	TELEFLEX INC
Entity Central Index Key	0000096943
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		41,145,910

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Condensed Consolidated Guarantor Financial Information - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Sep. 30, 2012	Jun. 26, 2011 6.875% Senior Subordinated Notes Due 2019
Condensed Financial Statements, Captions [Line Items]
Senior subordinated notes			$ 250,000
Interest rate	3.875%	3.875%	6.875%
Ownership percentage of subsidiaries	100.00%

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Taxes on income from continuing operations

9 Months Ended

Sep. 29, 2013

Taxes on income from continuing operations

Note 12 — Taxes on income from continuing operations

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
Effective income tax rate		10.2	%		22.8	%		14.0	%		(1.4	)%

The effective income tax rate for the three months and nine months ended September 29, 2013 was 10.2% and 14.0%, respectively, compared to 22.8% and (1.4)% for the three months and nine months ended September 30, 2012, respectively. The effective tax rate for the three months ended September 29, 2013 was impacted by the realization of net tax benefits resulting from the expiration of statutes of limitation for a U.S. matter and tax benefits associated with U.S. and foreign tax return filings. In addition to the aforementioned items, the nine months ended September 29, 2013 was impacted by the realization of net tax benefits resulting from the resolution of a foreign tax matter and the expiration of statutes of limitation for a U.S. state matter. The effective income tax rate for the nine months ended September 30, 2012 was impacted by a $332 million goodwill impairment charge recorded in the first quarter of 2012, for which only $45 million was tax deductible.

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Fair Values of Derivative Instruments Designated as Hedging Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2013	Dec. 31, 2012
Derivatives, Fair Value [Line Items]
Total asset derivatives	$ 184	$ 1,279
Total liability derivatives	1,171	598
Prepaid Expenses and Other Current Assets | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Total asset derivatives	184	1,279
Other Current Liabilities | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Total liability derivatives	$ 1,171	$ 598

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Aggregate Amounts of Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 29, 2012
Long Term Debt Maturities Repayments Of Principal [Line Items]
2013	$ 4,700
2014
2015
2016
2017 and thereafter	$ 1,032,000

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Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended					9 Months Ended
	Sep. 29, 2013		Sep. 30, 2012		Jul. 01, 2012	Sep. 29, 2013		Sep. 30, 2012
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net revenues	$ 413,796		$ 368,054			$ 1,245,732		$ 1,131,953
Cost of goods sold	209,804		187,487			631,730		582,908
Gross profit	203,992		180,567			614,002		549,045
Selling, general and administrative expenses	115,228		114,878			358,431		332,965
Research and development expenses	15,638		14,760			47,169		40,015
Goodwill impairment					332,000			332,128
Restructuring and other impairment charges	7,084		1,088			29,205		84
(Gain) loss on sales of businesses and assets								(332)
Income (loss) from continuing operations before interest and taxes	66,042		49,841			179,197		(155,815)
Interest expense	13,948		18,493			42,566		54,944
Interest income	(144)		(340)			(458)		(1,324)
Loss on extinguishments of debt	1,250					1,250
Income (loss) from continuing operations before taxes	50,988		31,688			135,839		(209,435)
Taxes (benefit) on income (loss) from continuing operations	5,209		7,237			18,958		2,961
Income (loss) from continuing operations	45,779		24,451			116,881		(212,396)
Operating income (loss) from discontinued operations	38		(831)			(1,746)		(7,951)
Taxes (benefit) on income (loss) from discontinued operations	(991)	[1]	1,690	[1]		(1,547)	[1]	(1,668)	[1]
Income (loss) from discontinued operations	1,029		(2,521)			(199)		(6,283)
Net income (loss)	46,808		21,930			116,682		(218,679)
Less: Income from continuing operations attributable to noncontrolling interests	234		188			629		701
Net income (loss) attributable to common shareholders	46,574		21,742			116,053		(219,380)
Other comprehensive income attributable to common shareholders	24,375		49,428			(6,335)		20,525
Comprehensive income (loss) attributable to common shareholders	70,949		71,170			109,718		(198,855)
Parent Company
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Selling, general and administrative expenses	14,088		11,114			45,915		39,683
Restructuring and other impairment charges	828					828
(Gain) loss on sales of businesses and assets			1					(116,193)
Income (loss) from continuing operations before interest and taxes	(14,916)		(11,115)			(46,743)		76,510
Interest expense	33,492		36,105			100,682		109,206
Interest income	3		(107)					(360)
Loss on extinguishments of debt	1,250					1,250
Income (loss) from continuing operations before taxes	(49,661)		(47,113)			(148,675)		(32,336)
Taxes (benefit) on income (loss) from continuing operations	(18,446)		(16,624)			(54,192)		(51,685)
Equity in net income of consolidated subsidiaries	76,448		52,627			210,701		(238,187)
Income (loss) from continuing operations	45,233		22,138			116,218		(218,838)
Operating income (loss) from discontinued operations	364		(1,089)			(1,788)		(1,180)
Taxes (benefit) on income (loss) from discontinued operations	(977)		(693)			(1,623)		(638)
Income (loss) from discontinued operations	1,341		(396)			(165)		(542)
Net income (loss)	46,574		21,742			116,053		(219,380)
Net income (loss) attributable to common shareholders	46,574		21,742			116,053		(219,380)
Other comprehensive income attributable to common shareholders	24,375		49,428			(6,335)		20,525
Comprehensive income (loss) attributable to common shareholders	70,949		71,170			109,718		(198,855)
Guarantor Subsidiaries
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net revenues	237,949		232,155			740,817		705,703
Cost of goods sold	139,501		130,840			435,937		409,801
Gross profit	98,448		101,315			304,880		295,902
Selling, general and administrative expenses	62,701		61,505			189,193		182,882
Research and development expenses	13,161		13,184			40,250		35,103
Goodwill impairment								331,779
Restructuring and other impairment charges	3,834		1,070			13,112		(580)
(Gain) loss on sales of businesses and assets			(150,310)					(150,310)
Income (loss) from continuing operations before interest and taxes	18,752		175,866			62,325		(102,972)
Interest expense	(21,204)		(19,488)			(63,348)		(59,728)
Interest income	(3)					(3)		(8)
Income (loss) from continuing operations before taxes	39,959		195,354			125,676		(43,236)
Taxes (benefit) on income (loss) from continuing operations	14,261		17,739			42,241		34,932
Equity in net income of consolidated subsidiaries	48,367		21,946			114,116		100,706
Income (loss) from continuing operations	74,065		199,561			197,551		22,538
Operating income (loss) from discontinued operations			258					(9,171)
Taxes (benefit) on income (loss) from discontinued operations	(170)		2,649			(170)		(935)
Income (loss) from discontinued operations	170		(2,391)			(170)		(8,236)
Net income (loss)	74,235		197,170			197,721		14,302
Net income (loss) attributable to common shareholders	74,235		197,170			197,721		14,302
Other comprehensive income attributable to common shareholders	30,034		50,393			(3,316)		7,136
Comprehensive income (loss) attributable to common shareholders	104,269		247,563			194,405		21,438
Non-Guarantor Subsidiaries
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net revenues	238,254		196,675			708,206		606,381
Cost of goods sold	130,825		115,381			398,720		349,003
Gross profit	107,429		81,294			309,486		257,378
Selling, general and administrative expenses	38,167		42,030			123,257		109,861
Research and development expenses	2,477		1,576			6,919		4,912
Goodwill impairment								349
Restructuring and other impairment charges	2,422		18			15,265		664
(Gain) loss on sales of businesses and assets								(332)
Income (loss) from continuing operations before interest and taxes	64,363		37,670			164,045		141,924
Interest expense	1,660		1,876			5,232		5,466
Interest income	(144)		(233)			(455)		(956)
Income (loss) from continuing operations before taxes	62,847		36,027			159,268		137,414
Taxes (benefit) on income (loss) from continuing operations	9,962		6,811			30,701		21,306
Equity in net income of consolidated subsidiaries	319					319
Income (loss) from continuing operations	53,204		29,216			128,886		116,108
Operating income (loss) from discontinued operations	(326)					42		2,400
Taxes (benefit) on income (loss) from discontinued operations	156		(266)			246		(95)
Income (loss) from discontinued operations	(482)		266			(204)		2,495
Net income (loss)	52,722		29,482			128,682		118,603
Less: Income from continuing operations attributable to noncontrolling interests	234		188			629		701
Net income (loss) attributable to common shareholders	52,488		29,294			128,053		117,902
Other comprehensive income attributable to common shareholders	21,442		41,277			(5,930)		6,510
Comprehensive income (loss) attributable to common shareholders	73,930		70,571			122,123		124,412
Eliminations
Schedule of Condensed Consolidating Statement of Operations [Line Items]
Net revenues	(62,407)		(60,776)			(203,291)		(180,131)
Cost of goods sold	(60,522)		(58,734)			(202,927)		(175,896)
Gross profit	(1,885)		(2,042)			(364)		(4,235)
Selling, general and administrative expenses	272		229			66		539
(Gain) loss on sales of businesses and assets			150,309					266,503
Income (loss) from continuing operations before interest and taxes	(2,157)		(152,580)			(430)		(271,277)
Income (loss) from continuing operations before taxes	(2,157)		(152,580)			(430)		(271,277)
Taxes (benefit) on income (loss) from continuing operations	(568)		(689)			208		(1,592)
Equity in net income of consolidated subsidiaries	(125,134)		(74,573)			(325,136)		137,481
Income (loss) from continuing operations	(126,723)		(226,464)			(325,774)		(132,204)
Net income (loss)	(126,723)		(226,464)			(325,774)		(132,204)
Net income (loss) attributable to common shareholders	(126,723)		(226,464)			(325,774)		(132,204)
Other comprehensive income attributable to common shareholders	(51,476)		(91,670)			9,246		(13,646)
Comprehensive income (loss) attributable to common shareholders	$ (178,199)		$ (318,134)			$ (316,528)		$ (145,850)

[1] The provision for income taxes for the three months ended September 29, 2013 was impacted favorably by the realization of a tax benefit resulting from the expiration of statutes of limitation for a U.S. matter.