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Operating Segments (Tables)
6 Months Ended
Apr. 30, 2017
Segment Reporting [Abstract]  
Segments

The following table presents information about our segments:

 

 

 

Adhesive Dispensing Systems

 

 

Advanced Technology Systems

 

 

Industrial Coating Systems

 

 

Corporate

 

 

Total

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

226,943

 

 

$

210,142

 

 

$

59,052

 

 

$

 

 

$

496,137

 

Operating profit (loss)

 

 

65,719

 

(a)

 

54,306

 

 

 

10,252

 

(d)

 

(26,746

)

 

 

103,531

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

221,030

 

 

$

158,555

 

 

$

58,007

 

 

$

 

 

$

437,592

 

Operating profit (loss)

 

 

62,977

 

(b)

 

38,731

 

(c)

 

10,292

 

 

 

(10,096

)

 

 

101,904

 

Six months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

434,780

 

 

$

355,502

 

 

$

113,325

 

 

$

 

 

$

903,607

 

Operating profit (loss)

 

 

118,775

 

(a)

 

80,669

 

 

 

17,337

 

 

 

(37,332

)

 

 

179,449

 

Six months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

424,469

 

 

$

276,415

 

 

$

108,928

 

 

$

 

 

$

809,812

 

Operating profit (loss)

 

 

113,337

 

(b)

 

46,704

 

(c)

 

14,470

 

(d)

 

(20,629

)

 

 

153,882

 

 

 

(a)

Includes $491 and $718 of severance and restructuring costs in the three and six months ended April 30, 2017, respectively.

 

(b)

Includes $991 and $1,471 of severance and restructuring costs in the three and six months ended April 30, 2016, respectively.

 

(c)

Includes $170 and $680 of severance and restructuring costs in the three and six months ended April 30, 2016, respectively.

 

(d)

Includes $472 and $499 of severance and restructuring costs in the three and six months ended April 30, 2016, 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

 

 

Six Months Ended

 

 

 

April 30, 2017

 

 

April 30, 2016

 

 

April 30, 2017

 

 

April 30, 2016

 

Total profit for reportable segments

 

$

103,531

 

 

$

101,904

 

 

$

179,449

 

 

$

153,882

 

Interest expense

 

 

(7,907

)

 

 

(5,000

)

 

 

(13,548

)

 

 

(10,844

)

Interest and investment income

 

 

272

 

 

 

188

 

 

 

545

 

 

 

326

 

Other-net

 

 

(1,323

)

 

 

1,727

 

 

 

(1,480

)

 

 

2,529

 

Income before income taxes

 

$

94,573

 

 

$

98,819

 

 

$

164,966

 

 

$

145,893

 

 

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, 2017

 

 

April 30, 2016

 

 

April 30, 2017

 

 

April 30, 2016

 

United States

 

$

156,095

 

 

$

131,262

 

 

$

281,616

 

 

$

248,653

 

Americas

 

 

36,326

 

 

 

33,582

 

 

 

66,368

 

 

 

60,289

 

Europe

 

 

128,468

 

 

 

125,933

 

 

 

247,627

 

 

 

245,651

 

Japan

 

 

30,855

 

 

 

29,366

 

 

 

55,032

 

 

 

48,869

 

Asia Pacific

 

 

144,393

 

 

 

117,449

 

 

 

252,964

 

 

 

206,350

 

Total net external sales

 

$

496,137

 

 

$

437,592

 

 

$

903,607

 

 

$

809,812