Operating Segments (Tables)

6 Months Ended

Apr. 30, 2019

The following table presents information about our segments:

	Adhesive Dispensing Systems		Advanced Technology Systems		Industrial Coating Systems		Corporate			Total
Three months ended
April 30, 2019
Net external sales	$	236,722	$	249,295	$	65,102	$	—		$	551,119
Operating profit (loss)		71,012		56,535		14,469		(13,120	)		128,896
Three months ended
April 30, 2018
Net external sales	$	238,775	$	250,839	$	64,092	$	—		$	553,706
Operating profit (loss)⁽¹⁾		70,337		58,690		12,050		(12,185	)		128,892
Six months ended
April 30, 2019
Net external sales	$	448,240	$	483,752	$	117,037	$	—		$	1,049,029
Operating profit (loss)		118,905		97,320		21,985		(25,033	)		213,177
Six months ended
April 30, 2018
Net external sales	$	459,639	$	522,540	$	121,951	$	—		$	1,104,130
Operating profit (loss)⁽¹⁾		124,327		126,183		22,595		(24,863	)		248,242

⁽¹⁾

^{Results for the three and six months ended April 30, 2018 have been revised to reflect the retrospective adoption of Accounting Standards Update No. 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Cost ("ASU 2017-07"). Refer to Note 3 for details.}

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, 2019			April 30, 2018			April 30, 2019			April 30, 2018
Total profit for reportable segments	$	128,896		$	128,892		$	213,177		$	248,242
Interest expense		(12,372	)		(12,127	)		(24,738	)		(23,445	)
Interest and investment income		325			219			642			509
Other-net		(568	)		1,135			(4,757	)		(3,669	)
Income before income taxes	$	116,281		$	118,119		$	184,324		$	221,637

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, 2019		April 30, 2018		April 30, 2019		April 30, 2018
United States	$	190,699	$	178,821	$	361,050	$	344,652
Americas		43,682		38,959		76,119		73,238
Europe		149,526		154,736		282,200		296,674
Japan		30,031		33,030		59,078		98,899
Asia Pacific		137,181		148,160		270,582		290,667
Total net external sales	$	551,119	$	553,706	$	1,049,029	$	1,104,130