Segment Information

3 Months Ended

Oct. 31, 2014

Text Block [Abstract]

Segment Information

Segment Information

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 following is a summary of segment information for the three months ended October 31, 2014 and 2013:

	Three months ended October 31,
	2014		2013
Sales to External Customers
ID Solutions	$	212,097	$	209,546
Workplace Safety	98,143		97,984
Total Company	$	310,240	$	307,530
Segment Profit
ID Solutions	$	43,467	$	50,967
Workplace Safety	15,539		18,374
Total Company	$	59,006	$	69,341

The following is a reconciliation of segment profit to earnings from continuing operations before income taxes for the three months ended October 31, 2014 and 2013:

	Three months ended October 31,
	2014			2013
Total profit from reportable segments	$	59,006		$	69,341
Unallocated amounts:
Administrative costs	(27,755		)	(32,814		)
Restructuring charges	(4,278		)	(6,840		)
Investment and other income	323			762
Interest expense	(2,891		)	(3,720		)
Earnings from continuing operations before income taxes	$	24,405		$	26,729