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Operating Segments (Tables)
6 Months Ended
Apr. 30, 2015
Segment Reporting [Abstract]  
Reportable Segments

The following table presents information about our reportable segments:

 

 

 

Adhesive Dispensing Systems

 

 

Advanced Technology Systems

 

 

Industrial Coating Systems

 

 

Corporate

 

 

Total

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

203,273

 

 

$

129,482

 

 

$

67,972

 

 

$

 

 

$

400,727

 

Operating profit (loss)

 

 

50,780

 

 

 

24,770

 

 

 

11,514

 

 

 

(10,650

)

 

 

76,414

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

231,954

 

 

$

127,628

 

 

$

57,879

 

 

$

 

 

$

417,461

 

Operating profit (loss)

 

 

62,699

 

(a)

 

30,842

 

(b)

 

9,335

 

 

 

(10,042

)

 

 

92,834

 

Six months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

397,486

 

 

$

261,700

 

 

$

120,549

 

 

$

 

 

$

779,735

 

Operating profit (loss)

 

 

94,109

 

 

 

51,588

 

 

 

15,278

 

 

 

(21,743

)

 

 

139,232

 

Six months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

441,425

 

 

$

225,169

 

 

$

110,287

 

 

$

 

 

$

776,881

 

Operating profit (loss)

 

 

110,619

 

(a)

 

41,220

 

(b)

 

14,291

 

 

 

(19,437

)

 

 

146,693

 

 

(a)

Includes $699 of severance and restructuring costs in the three and six months ended April 30, 2014.

(b)

Includes $579 of severance and restructuring costs in the three and six months ended April 30, 2014.

Reconciliation of Segment Operating Income to Consolidated Income Before Income Taxes

A reconciliation of total segment operating income to total consolidated income before income taxes is as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

April 30, 2015

 

 

April 30, 2014

 

 

April 30, 2015

 

 

April 30, 2014

 

Total profit for reportable segments

 

$

76,414

 

 

$

92,834

 

 

$

139,232

 

 

$

146,693

 

Interest expense

 

 

(4,313

)

 

 

(3,532

)

 

 

(8,402

)

 

 

(7,107

)

Interest and investment income

 

 

151

 

 

 

217

 

 

 

237

 

 

 

329

 

Other-net

 

 

(687

)

 

 

(406

)

 

 

(789

)

 

 

(615

)

Income before income taxes

 

$

71,565

 

 

$

89,113

 

 

$

130,278

 

 

$

139,300

 

 

Sales and Long-lived Asset Information by Geographic Regions

 

We have significant sales in the following geographic regions:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

April 30, 2015

 

 

April 30, 2014

 

 

April 30, 2015

 

 

April 30, 2014

 

United States

 

$

140,030

 

 

$

125,693

 

 

$

262,854

 

 

$

241,199

 

Americas

 

 

31,028

 

 

 

31,144

 

 

 

59,296

 

 

 

58,409

 

Europe

 

 

105,097

 

 

 

122,058

 

 

 

213,663

 

 

 

238,533

 

Japan

 

 

28,499

 

 

 

28,889

 

 

 

50,032

 

 

 

55,134

 

Asia Pacific

 

 

96,073

 

 

 

109,677

 

 

 

193,890

 

 

 

183,606

 

Total net external sales

 

$

400,727

 

 

$

417,461

 

 

$

779,735

 

 

$

776,881