Segment Information

12 Months Ended

Jul. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

Effective May 1, 2013, the Company is organized and managed on a global basis within two business platforms: Identification Solutions and Workplace Safety, which are the reportable segments. Prior to May 1, 2013, the Company was organized and managed on a geographic basis within three regions: Americas, EMEA (Europe, the Middle East and Africa), and Asia-Pacific. As such, all segment-related data has been conformed to the new reportable segments.

The Company evaluates short-term segment performance based on segment profit or loss and customer sales. Segment profit or loss does not include certain administrative costs, such as the cost of finance, information technology, human resources, legal, and executive leadership, which are managed as global functions. Restructuring charges, impairment charges, equity compensation costs, interest expense, investment and other income (expense) and income taxes are also excluded when evaluating segment performance. Intersegment sales and transfers are recorded at cost plus a standard percentage markup.

Each business platform has a President that reports directly to the Company's chief operating decision maker, its Chief Executive Officer. Each platform has its own distinct operations, is managed locally by its own management team, maintains its own financial reports and is evaluated based on global segment profit. The Company has determined that these business platforms comprise its operating and reportable segments based on the information used by the Chief Executive Officer to allocate resources and assess performance.

The segment results have been adjusted to reflect continuing operations in all periods presented. The depreciation and amortization expense and expenditures for property, plant and equipment for discontinued operations are included under “corporate,” which then reconcile to the total company amounts as listed in the statement of cash flows.

Following is a summary of segment information for the years ended July 31, 2013, 2012 and 2011:

	2013		2012		2011
Sales to External Customers:
IDS	$	733,433	$	633,774	$	625,396
WPS	418,676		434,914		433,959
Total Company	$	1,152,109	$	1,068,688	$	1,059,355
Depreciation & Amortization:
IDS	$	25,920	$	18,253	$	19,252
WPS	9,078		7,827		10,769
Corporate	13,727		17,907		18,806
Total Company	$	48,725	$	43,987	$	48,827
Segment Profit:
IDS	$	171,319	$	159,427	$	146,124
WPS	95,241		117,187		118,913
Total Company	$	266,560	$	276,614	$	265,037
Assets:
IDS	$	989,216	$	744,055	$	782,324
WPS	239,219		439,255		444,354
Corporate	210,248		424,409		634,827
Total Company	$	1,438,683	$	1,607,719	$	1,861,505
Expenditures for property, plant & equipment:
IDS	$	18,186	$	15,213	$	13,406
WPS	8,459		4,989		3,979
Corporate	9,042		3,945		3,147
Total Company	$	35,687	$	24,147	$	20,532

Following is a reconciliation of segment profit to net earnings (loss) for the years ended July 31, 2013, 2012 and 2011:

	Years Ended July 31,
	2013			2012			2011
Total profit from reportable segments	$	266,560		$	276,614		$	265,037
Unallocated costs:
Administrative costs	121,693			114,098			112,827
Restructuring charges	26,046			6,084			6,451
Impairment charges (1)	204,448
Investment and other income	(3,522		)	(2,082		)	(3,989		)
Interest expense	16,641			19,090			22,124
(Loss) earnings from continuing operations before income taxes	$	(98,746	)	$	139,424		$	127,624

(1) Of the total $204,448 impairment charges in fiscal 2013, $182,800 was in the WPS reportable segment and $21,648

was in the IDS reportable segment.

	Revenues* Years Ended July 31,									Long-Lived Assets** As of Years Ended July 31,
	2013			2012			2011			2013		2012		2011
Geographic information:
United States	$	615,861		$	522,393		$	497,030		$	576,539	$	479,791	$	488,571
Other	596,899			609,083			623,839			319,706		411,134		541,648
Eliminations	(60,651		)	(62,788		)	(61,514		)	—		—		—
Consolidated total	$	1,152,109		$	1,068,688		$	1,059,355		$	896,245	$	890,925	$	1,030,219

* Revenues are attributed based on country of origin.

** Long-lived assets consist of property, plant, and equipment, other intangible assets and goodwill.