Segment Information

12 Months Ended

Jul. 31, 2014

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.

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.

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, 2014, 2013 and 2012:

	2014		2013		2012
Sales to External Customers:
IDS	$	825,123	$	739,116	$	636,590
WPS	399,911		418,676		434,914
Total Company	$	1,225,034	$	1,157,792	$	1,071,504
Depreciation & Amortization:
IDS	$	28,955	$	25,920	$	18,253
WPS	7,919		9,078		7,827
Corporate	7,724		13,727		17,907
Total Company	$	44,598	$	48,725	$	43,987
Segment Profit:
IDS	$	176,129	$	174,390	$	160,658
WPS	66,238		95,241		117,187
Total Company	$	242,367	$	269,631	$	277,845
Assets:
IDS	$	882,440	$	989,216	$	744,055
WPS	239,848		239,219		439,255
Corporate	131,377		210,248		424,409
Total Company	$	1,253,665	$	1,438,683	$	1,607,719
Expenditures for property, plant & equipment:
IDS	$	28,774	$	18,186	$	15,213
WPS	10,580		8,459		4,989
Corporate	4,044		9,042		3,945
Total Company	$	43,398	$	35,687	$	24,147

Following is a reconciliation of segment profit to net earnings (loss) for the years ended July 31, 2014, 2013 and 2012:

	Years Ended July 31,
	2014			2013			2012
Total profit from reportable segments	$	242,367		$	269,631		$	277,845
Unallocated costs:
Administrative costs	120,015			121,693			114,098
Restructuring charges	15,012			26,046			6,084
Impairment charges (1)	148,551			204,448			—
Investment and other income	(2,402		)	(3,523		)	(2,082		)
Interest expense	14,300			16,641			19,090
(Loss) earnings from continuing operations before income taxes	$	(53,109	)	$	(95,674	)	$	140,655

(1) The impairment charges in fiscal 2014 were in the IDS reportable segment. 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,
	2014			2013			2012			2014		2013		2012
Geographic information:
United States	$	675,771		$	615,861		$	522,393		$	425,733	$	576,539	$	479,791
Other	615,974			602,582			611,899			314,456		319,706		411,134
Eliminations	(66,711		)	(60,651		)	(62,788		)	—		—		—
Consolidated total	$	1,225,034		$	1,157,792		$	1,071,504		$	740,189	$	896,245	$	890,925
* Revenues are attributed based on country of origin.
** Long-lived assets consist of property, plant, and equipment, other intangible assets and goodwill.