Business Segment Information

3 Months Ended

Jan. 31, 2014

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

Cooper uses operating income, as presented in our financial reports, as the primary measure of segment profitability. We do not allocate costs from corporate functions to segment operating income. Items below operating income are not considered when measuring the profitability of a segment. We use the same accounting policies to generate segment results as we do for our consolidated results.

Identifiable assets are those used in continuing operations except cash and cash equivalents, which we include as corporate assets. Long-lived assets are property, plant and equipment.

Segment information:

Three Months Ended January 31,
(In thousands)	2014			2013
CooperVision net sales by category:
Toric lens	$	101,196		$	91,634
Multifocal lens	33,695			27,152
Single-use sphere lens	68,772			65,463
Non single-use sphere and other	122,640			117,130
Total CooperVision net sales	326,303			301,379
CooperSurgical net sales	78,677			78,460
Total net sales	$	404,980		$	379,839
Operating income (loss):
CooperVision	$	84,146		$	67,068
CooperSurgical	14,156			14,052
Corporate	(16,680		)	(12,299		)
Total operating income	81,622			68,821
Interest expense	1,656			2,567
Gain on insurance proceeds	—			14,084
Other (expense) income, net	(510		)	638
Income before income taxes	$	79,456		$	80,976

(In thousands)	January 31, 2014		October 31, 2013
Identifiable assets:
CooperVision	$	2,415,720	$	2,376,022
CooperSurgical	620,542		632,844
Corporate	78,493		128,395
Total	$	3,114,755	$	3,137,261

Geographic information:

Three Months Ended January 31,
(In thousands)	2014		2013
Net sales to external customers by country of domicile:
United States	$	187,693	$	175,757
Europe	129,046		108,530
Rest of world	88,241		95,552
Total	$	404,980	$	379,839

(In thousands)	January 31, 2014		October 31, 2013
Long-lived assets by country of domicile:
United States	$	439,877	$	427,560
Europe	311,503		297,157
Rest of world	18,017		15,150
Total	$	769,397	$	739,867