Operating Segments (Tables)

6 Months Ended

Apr. 30, 2018

The following table presents information about our segments:

	Adhesive Dispensing Systems			Advanced Technology Systems		Industrial Coating Systems		Corporate			Total
Three months ended
April 30, 2018
Net external sales	$	238,775		$	250,839	$	64,092	$	—		$	553,706
Operating profit (loss)		69,514	(a)		58,306		11,572		(12,687	)		126,705
Three months ended
April 30, 2017
Net external sales	$	226,943		$	210,142	$	59,052	$	—		$	496,137
Operating profit (loss)		65,719	(b)		54,306		10,252		(26,746	)		103,531
Six months ended
April 30, 2018
Net external sales	$	459,639		$	522,540	$	121,951	$	—		$	1,104,130
Operating profit (loss)		122,829	(a)		125,574		21,732		(25,707	)		244,428
Six months ended
April 30, 2017
Net external sales	$	434,780		$	355,502	$	113,325	$	—		$	903,607
Operating profit (loss)		118,775	(b)		80,669		17,337		(37,332	)		179,449

(a)

Includes $1,082 and $2,149 of severance and restructuring costs in the three and six months ended April 30, 2018, respectively.

(b)

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

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, 2018			April 30, 2017			April 30, 2018			April 30, 2017
Total profit for reportable segments	$	126,705		$	103,531		$	244,428		$	179,449
Interest expense		(12,127	)		(7,907	)		(23,445	)		(13,548	)
Interest and investment income		219			272			509			545
Other-net		3,322			(1,323	)		145			(1,480	)
Income before income taxes	$	118,119		$	94,573		$	221,637		$	164,966

We have significant sales in the following geographic regions: