Segment Information

6 Months Ended

Jan. 31, 2015

Segment Reporting [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 (or acting 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 and six months ended January 31, 2015 and 2014:

	Three months ended January 31,				Six months ended January 31,
	2015		2014		2015		2014
Sales to External Customers
ID Solutions	$	192,065	$	194,732	$	404,162	$	404,278
Workplace Safety	90,563		96,462		188,706		194,446
Total Company	$	282,628	$	291,194	$	592,868	$	598,724
Segment Profit
ID Solutions	$	35,719	$	37,526	$	79,186	$	88,493
Workplace Safety	12,776		14,668		28,315		33,042
Total Company	$	48,495	$	52,194	$	107,501	$	121,535

The following is a reconciliation of segment profit to earnings from continuing operations before income taxes for the three and six months ended January 31, 2015 and 2014:

	Three months ended January 31,						Six months ended January 31,
	2015			2014			2015			2014
Total profit from reportable segments	$	48,495		$	52,194		$	107,501		$	121,535
Unallocated amounts:
Administrative costs	(26,805		)	(29,524		)	(54,561		)	(62,338		)
Restructuring charges	(4,879		)	(4,324		)	(9,157		)	(11,163		)
Investment and other income	211			255			535			1,017
Interest expense	(3,000		)	(3,676		)	(5,891		)	(7,397		)
Earnings from continuing operations before income taxes	$	14,022		$	14,925		$	38,427		$	41,654