XML 60 R14.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Reporting
 6 Months Ended
Jan. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting

Note G – Segment Reporting

 

The Company has identified two reportable segments: Engine Products and Industrial Products.  Segment selection was based on the 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, such as 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, 2015:

 

 

 

 

 

 

 

Net sales

$           357,109

 

$            239,835

 

$                        -

 

$        596,944

Earnings before income taxes
41,436 

 
37,446 

 
(11,071)

 
67,811 

 

 

 

 

 

 

 

 

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 

 

 

 

 

 

 

 

 

Six Months Ended January 31, 2015:

 

 

 

 

 

 

 

Net sales

$           747,829

 

$            445,625

 

$                        -

 

$     1,193,454

Earnings before income taxes
94,596 

 
65,089 

 
(14,591)

 
145,094 

Assets
873,310 

 
639,890 

 
337,050 

 
1,850,250 

 

 

 

 

 

 

 

 

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 

 

There were no Customers that accounted for over 10 percent of net sales for the three or six months ended January 31, 2015 or 2014.  There were no Customers that accounted for over 10 percent of gross accounts receivable as of January 31, 2015 or 2014.