Segment Reporting

3 Months Ended

Oct. 31, 2012

Segment Reporting [Abstract]

Segment Reporting

Note G – Segment Reporting

The Company has two reportable segments, Engine Products and Industrial Products, that have been identified based on the Company's internal organization structure, management of operations, and performance evaluation by management and the Company's Board of Directors. Corporate and Unallocated includes corporate expenses determined to be non-allocable to the segments, interest income, and interest expense. The Company is an integrated enterprise, characterized by substantial intersegment cooperation, cost allocations, and sharing of assets. Therefore, the Company does not represent that these segments, if operated independently, would report the operating profit and other financial information shown below. Segment detail is summarized as follows (thousands of dollars):

	Engine Products		Industrial Products		Corporate & Unallocated			Total Company
Three Months Ended October 31, 2012:
Net sales	$	370,660	$	218,287	$	—		$	588,947
Earnings before income taxes		47,424		32,562		(3,308	)		76,678
Assets		818,480		539,894		354,124			1,712,498
Three Months Ended October 31, 2011:
Net sales	$	393,725	$	214,570	$	—		$	608,295
Earnings before income taxes		59,878		34,299		(2,160	)		92,017
Assets		882,967		521,984		341,220			1,746,171

There were no Customers over 10 percent of net sales for the three months ended October 31, 2012 and 2011. There were no Customers over 10 percent of gross accounts receivable as of October 31, 2012 and 2011.