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Operating Segments (Tables)
9 Months Ended
Jul. 31, 2016
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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

220,800

 

 

$

205,372

 

 

$

63,727

 

 

$

 

 

$

489,899

 

Operating profit (loss)

 

 

60,423

 

(a)

 

63,115

 

 

 

10,612

 

(c)

 

(10,464

)

 

 

123,686

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

211,649

 

 

$

184,888

 

 

$

66,194

 

 

$

 

 

$

462,731

 

Operating profit (loss)

 

 

54,854

 

 

 

44,633

 

(d)

 

12,326

 

 

 

(8,963

)

 

 

102,850

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

645,269

 

 

$

481,787

 

 

$

172,655

 

 

$

 

 

$

1,299,711

 

Operating profit (loss)

 

 

173,760

 

(a)

 

109,819

 

(b)

 

25,082

 

(c)

 

(31,093

)

 

 

277,568

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

609,135

 

 

$

446,588

 

 

$

186,743

 

 

$

 

 

$

1,242,466

 

Operating profit (loss)

 

 

148,963

 

 

 

96,221

 

(d)

 

27,604

 

 

 

(30,706

)

 

 

242,082

 

 

 

(a)

Includes $759 and $2,230 of severance and restructuring costs in the three and nine months ended July 31, 2016, respectively.

 

(b)

Includes $680 of severance and restructuring costs in the nine months ended July 31, 2016, respectively.

 

(c)

Includes $955 and $1,454 of severance and restructuring costs in the three and nine months ended July 31, 2016, respectively.

 

(d)

Includes $2,319 of severance and restructuring costs in the three and nine months ended July 31, 2015, respectively.

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

 

 

Nine Months Ended

 

 

 

July 31, 2016

 

 

July 31, 2015

 

 

July 31, 2016

 

 

July 31, 2015

 

Total profit for reportable segments

 

$

123,686

 

 

$

102,850

 

 

$

277,568

 

 

$

242,082

 

Interest expense

 

 

(4,647

)

 

 

(4,504

)

 

 

(15,490

)

 

 

(12,907

)

Interest and investment income

 

 

176

 

 

 

111

 

 

 

501

 

 

 

349

 

Other-net

 

 

(1,978

)

 

 

2

 

 

 

551

 

 

 

(787

)

Income before income taxes

 

$

117,237

 

 

$

98,459

 

 

$

263,130

 

 

$

228,737

 

 

Sales and Long-lived Asset Information by Geographic Regions

 

We have significant sales in the following geographic regions:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

July 31, 2016

 

 

July 31, 2015

 

 

July 31, 2016

 

 

July 31, 2015

 

United States

 

$

135,067

 

 

$

129,290

 

 

$

383,720

 

 

$

392,144

 

Americas

 

 

30,534

 

 

 

34,929

 

 

 

90,823

 

 

 

94,225

 

Europe

 

 

128,583

 

 

 

120,580

 

 

 

374,234

 

 

 

334,244

 

Japan

 

 

34,709

 

 

 

26,647

 

 

 

83,578

 

 

 

76,679

 

Asia Pacific

 

 

161,006

 

 

 

151,285

 

 

 

367,356

 

 

 

345,174

 

Total net external sales

 

$

489,899

 

 

$

462,731

 

 

$

1,299,711

 

 

$

1,242,466