Segment Reporting

6 Months Ended

Jan. 31, 2014

Segment Reporting [Abstract]

Segment Reporting

Note G – Segment Reporting

The Company hastwo reportable segments, Engine Products and Industrial Products.  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 January 31, 2014:
Net sales	$           369,675	$            211,947	$                        -	$        581,622
Earnings before income taxes	47,294	28,032	(444)	74,882
Three Months Ended January 31, 2013:
Net sales	$           353,840	$            242,196	$                        -	$        596,036
Earnings before income taxes	39,025	32,592	(768)	70,849
Six Months Ended January 31, 2014:
Net sales	$           758,791	$            422,215	$                        -	$     1,181,006
Earnings before income taxes	109,367	59,175	(2,873)	165,669
Assets	836,585	522,062	414,896	1,773,543
Six Months Ended January 31, 2013:
Net sales	$           724,500	$            460,483	$                        -	$     1,184,983
Earnings before income taxes	86,449	65,154	(4,076)	147,527
Assets	808,349	550,565	359,754	1,718,668

There were no Customers that accounted for over 10 percent of net sales for the three or six months ended January 31, 2014 or 2013.  There were no Customers that accounted for over 10 percent of gross accounts receivable as of January 31, 2014 or July 31, 2013.