Segment Information

12 Months Ended

Jul. 31, 2012

Segment Information [Abstract]

Segment Information

7. Segment Information

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, and executive leadership which are managed as global functions. Restructuring charges, impairment charges, equity compensation costs, interest, investment and other income and income taxes are also excluded when evaluating segment performance. Intersegment sales and transfers are recorded at cost plus a standard percentage markup.

The Company is organized and managed on a geographic basis by region. Each of these regions, Americas, EMEA and Asia-Pacific, has a President that reports directly to the Company’s chief operating decision maker, its Chief Executive Officer. Each region has its own distinct operations, is managed locally by its own management team, maintains its own financial reports and is evaluated based on regional segment profit. The Company has determined that these regions comprise its operating and reportable segments based on the information used by the Chief Executive Officer to allocate resources and assess performance.

Following is a summary of segment information for the years ended July 31, 2012, 2011, and 2010:

	Americas		EMEA		Asia-Pacific		Total Region		Corporate and Eliminations			Total Company
Year ended July 31, 2012:
Revenues from external customers	$	589,925	$	389,156	$	345,188	$	1,324,269	$	—		$	1,324,269
Intersegment revenues		40,440		3,577		29,798		73,815		(73,815	)		—
Depreciation and amortization expense		13,706		7,511		16,447		37,664		6,323			43,987
Segment profit		155,657		105,643		31,704		293,004		(7,328	)		285,676
Assets		708,216		332,936		248,965		1,290,117		317,602			1,607,719
Expenditures for property, plant and equipment		13,623		3,417		7,107		24,147		—			24,147
Year ended July 31, 2011:
Revenues from external customers	$	577,428	$	404,955	$	357,214	$	1,339,597	$	—		$	1,339,597
Intersegment revenues		41,638		3,054		24,500		69,192		(69,192	)		—
Depreciation and amortization expense		15,682		8,147		15,515		39,344		9,483			48,827
Segment profit		145,516		112,047		50,105		307,668		(15,742	)		291,926
Assets		735,003		333,977		389,465		1,458,445		403,060			1,861,505
Expenditures for property, plant and equipment		8,212		2,626		8,620		19,458		1,074			20,532
Year ended July 31, 2010:
Revenues from external customers	$	551,185	$	380,121	$	327,790	$	1,259,096	$	—		$	1,259,096
Intersegment revenues		43,136		4,456		18,188		65,780		(65,780	)		—
Depreciation and amortization expense		21,142		8,088		15,749		44,979		8,043			53,022
Segment profit		125,169		103,316		52,105		280,590		(14,131	)		266,459
Assets		754,753		313,204		362,653		1,430,610		315,921			1,746,531
Expenditures for property, plant and equipment		8,502		1,535		9,946		19,983		6,313			26,296

	Years Ended July 31,
	2012			2011			2010
Net income reconciliation:
Total profit for reportable segments	$	293,004		$	307,668		$	280,590
Corporate and eliminations		(7,328	)		(15,742	)		(14,131	)
Unallocated amounts: Administrative costs		(118,120	)		(120,546	)		(121,689	)
Restructuring costs		(12,110	)		(9,188	)		(15,314	)
Impairment charge		(115,688	)		—			—
Investment and other income — net		2,082			3,990			1,168
Interest expense		(19,090	)		(22,124	)		(21,222	)
Income before income taxes		22,750			144,058			109,402
Income taxes		(40,661	)		(35,406	)		(27,446	)
Net income	$	(17,911	)	$	108,652		$	81,956

	Revenues* Years Ended July 31,									Long-Lived Assets** As of Years Ended July 31,
	2012			2011			2010			2012		2011		2010
Geographic information:
United States	$	553,209		$	535,412		$	521,318		$	479,791	$	488,571	$	507,481
China		133,209			164,640			156,842			46,797		118,945		118,953
Other		711,665			708,737			646,716			364,337		422,703		391,214
Eliminations		(73,814	)		(69,192	)		(65,780	)		—		—		—
Consolidated total	$	1,324,269		$	1,339,597		$	1,259,096		$	890,925	$	1,030,219	$	1,017,648

* Revenues are attributed based on country of origin.

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

Following is a summary of sales by business platform for the years ended July 31, 2012, 2011, and 2010:

	2012		2011		2010
ID Solutions	$	746,608	$	742,299	$	688,364
Direct Marketing		355,916		357,734		333,924
Die-Cut		221,745		239,564		236,808
Total		1,324,269		1,339,597		1,259,096