Segment Information

6 Months Ended

Jan. 31, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company is organized and managed on a global basis within three business platforms, ID Solutions, Workplace Safety, and People Identification ("PeopleID"), which aggregate into two reportable segments: IDS and WPS.

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 Vice-President that reports directly to the Company's chief operating decision maker, its Chief Executive Officer. Each platform has its own distinct operations, which are 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 three operating segments, which aggregate into two 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, 2016 and 2015:

	Three months ended January 31,				Six months ended January 31,
	2016		2015		2016		2015
Sales to External Customers
ID Solutions	$	184,880	$	192,065	$	381,207	$	404,162
Workplace Safety	83,750		90,563		170,496		188,706
Total Company	$	268,630	$	282,628	$	551,703	$	592,868
Segment Profit
ID Solutions	$	37,004	$	35,719	$	77,008	$	79,186
Workplace Safety	13,395		12,776		30,059		28,315
Total Company	$	50,399	$	48,495	$	107,067	$	107,501

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, 2016 and 2015:

	Three months ended January 31,						Six months ended January 31,
	2016			2015			2016			2015
Total profit from reportable segments	$	50,399		$	48,495		$	107,067		$	107,501
Unallocated amounts:
Administrative costs	(26,810		)	(26,805		)	(53,376		)	(54,561		)
Restructuring charges	—			(4,879		)	—			(9,157		)
Investment and other (expense) income	(992		)	211			(1,751		)	535
Interest expense	(2,130		)	(3,000		)	(4,281		)	(5,891		)
Earnings from continuing operations before income taxes	$	20,467		$	14,022		$	47,659		$	38,427