Invacare 2006 Annual Report Download - page 93

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The company evaluates performance and allocates resources based on profit or loss from operations before
income taxes for each reportable segment. The accounting policies of each segment are the same as those described
in the summary of significant accounting policies for the company’s consolidated financial statements. Interseg-
ment sales and transfers are based on the costs to manufacture plus a reasonable profit element. Therefore,
intercompany profit or loss on intersegment sales and transfers is not considered in evaluating segment
performance.
The information by segment is as follows (in thousands):
2006 2005 2004
Revenues from external customers
North America/HME .......................... $ 676,326 $ 706,555 $ 720,553
Invacare Supply Group ......................... 228,236 220,908 205,130
Institutional Products Group ..................... 93,455 85,415 76,590
Europe ..................................... 430,427 432,142 336,792
Asia/Pacific ................................. 69,591 84,712 64,262
Consolidated ................................ $1,498,035 $1,529,732 $1,403,327
Intersegment revenues
North America/HME .......................... $ 51,081 $ 46,048 $ 43,966
Invacare Supply Group ......................... 102 26 7
Institutional Products Group ..................... — 2,305 544
Europe ..................................... 12,599 12,019 2,825
Asia/Pacific ................................. 39,757 36,576 35,793
Consolidated ................................ $ 103,539 $ 96,974 $ 83,135
Depreciation and amortization
North America/HME .......................... $ 18,433 $ 18,266 $ 18,814
Invacare Supply Group ......................... 383 448 409
Institutional Products Group ..................... 1,888 1,867 1,456
Europe ..................................... 14,533 15,100 8,687
Asia/Pacific ................................. 4,645 4,829 2,911
All Other (1) ................................ 10 14 39
Consolidated ................................ $ 39,892 $ 40,524 $ 32,316
Net interest expense (income)
North America/HME .......................... $ 16,530 $ 13,299 $ 946
Invacare Supply Group ......................... 3,158 2,447 2,561
Institutional Products Group ..................... 3,852 1,620 1,248
Europe ..................................... 8,398 8,628 4,924
Asia/Pacific ................................. (629) (431) (664)
Consolidated ................................ $ 31,309 $ 25,563 $ 9,015
FS-34
INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Business Segments — Continued