Operating Segments and Geographic Area Data (Tables)

12 Months Ended

Oct. 31, 2016

The following table presents information about our reportable segments:

	Adhesive Dispensing Systems			Advanced Technology Systems			Industrial Coating Systems			Corporate				Total
Year ended October 31, 2016
Net external sales	$	879,573		$	676,329		$	253,092		$	—			$	1,808,994
Depreciation		15,229			15,386			3,308			7,320				41,243
Operating profit (loss)		229,143	(a)		159,531	(b)		43,511	(c)		(43,754	)			388,431
Identifiable assets (e)		751,153			1,080,711			140,169			465,424		(d)		2,437,457
Expenditures for long-lived assets		17,407			18,967			17,357			7,120				60,851
Year ended October 31, 2015
Net external sales	$	836,066		$	593,858		$	258,742		$	—			$	1,688,666
Depreciation		14,804			13,015			3,194			6,694				37,707
Operating profit (loss)		195,902	(a)		120,940	(b)		41,458	(c)		(40,570	)			317,730
Identifiable assets (e)		734,145			1,021,221			130,421			486,852		(d)		2,372,639
Expenditures for long-lived assets		12,880			36,182			5,112			7,913				62,087
Year ended October 31, 2014
Net external sales	$	899,696		$	561,784		$	242,541		$	—			$	1,704,021
Depreciation		15,467			10,433			3,368			5,178				34,446
Operating profit (loss)		229,556	(a)		140,240	(b)		38,117	(c)		(40,808	)			367,105
Identifiable assets (e)		747,063			919,052			130,624			495,676		(d)		2,292,415
Expenditures for long-lived assets		15,886			15,163			4,057			8,468				43,574

(a)	Includes $7,800, $7,972 and $1,731 of severance and restructuring costs in 2016, 2015 and 2014, respectively.

(b)	Includes $1,054, $3,060 and $579 of severance and restructuring costs 2016, 2015 and 2014, respectively.

(c)	Includes $1,921, $379 and $241 of severance and restructuring costs in 2016, 2015 and 2014, respectively.

(d)	Corporate assets are principally cash and cash equivalents, deferred income taxes, capital leases, headquarter facilities, the major portion of our enterprise management system, and intangible assets.

(e)	Operating segment identifiable assets include notes and accounts receivable net of customer advance payments and allowance for doubtful accounts, inventories net of reserves, property, plant and equipment net of accumulated depreciation and goodwill.

We have significant sales and long-lived assets in the following geographic areas:

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

	2016			2015			2014
Total profit for reportable segments	$	388,431		$	317,730		$	367,105
Interest expense		(21,322	)		(18,104	)		(15,035	)
Interest and investment income		728			558			581
Other-net		657			678			(138	)
Income before income taxes	$	368,494		$	300,862		$	352,513

A reconciliation of total assets for reportable segments to total consolidated assets is as follows:

	2016			2015			2014
Total assets for reportable segments	$	2,437,457		$	2,372,639		$	2,292,415
Customer advance payments		26,175			22,884			25,578
Eliminations		(41,267	)		(35,079	)		(37,863	)
Total consolidated assets	$	2,422,365		$	2,360,444		$	2,280,130