Segment Information

6 Months Ended

Apr. 30, 2013

Segment Information

12. SEGMENT INFORMATION

Effective in the first quarter of 2013, we have six reportable segments: Janitorial, Facility Services, Parking, Security, Building & Energy Solutions, and Other. See Note 2, “Basis of Presentation,” for additional information regarding our new segment structure. Prior period segment results have been restated to conform to the new segment reporting structure.

Corporate expenses not allocated to segments, among other items, include:

• certain CEO and other finance and human resource departmental costs;

• certain information technology costs;

• share-based compensation costs;

• certain legal costs and settlements;

• current actuarial developments of self-insurance reserves related to claims incurred in prior years; and

• direct acquisition costs.

Financial information for each segment is summarized below:

	Three Months Ended April 30,						Six Months Ended April 30,
(in thousands)	2013			2012			2013			2012
Revenues:
Janitorial	$	609,229		$	593,447		$	1,214,748		$	1,187,787
Facility Services		147,383			135,911			303,830			280,516
Parking		151,626			152,680			302,863			306,130
Security		91,536			88,890			188,209			180,872
Building & Energy Solutions		93,901			86,639			181,883			175,807
Other		79,767			—			163,747			—
Corporate		175			(323	)		460			(83	)
		1,173,617			1,057,244			2,355,740			2,131,029
Operating profit:
Janitorial		37,079			33,494			66,153			64,002
Facility Services		6,134			4,399			12,275			10,486
Parking		6,134			6,092			10,957			10,842
Security		2,100			1,012			3,768			1,857
Building & Energy Solutions		2,523			2,643			3,319			3,933
Other		2,914			—			4,902			—
Corporate		(22,070	)		(28,116	)		(46,014	)		(52,788	)
Adjustment for income from unconsolidated affiliates, net included in Building & Energy Solutions		(1,197	)		(661	)		(2,437	)		(1,673	)
		33,617			18,863			52,923			36,659
Other-than-temporary impairment credit losses on auction rate security recognized in earnings		—			(313	)		—			(313	)
Income from unconsolidated affiliates, net		1,133			1,501			2,328			4,633
Interest expense		(3,033	)		(2,441	)		(6,343	)		(5,275	)
Income from continuing operations before income taxes	$	31,717		$	17,610		$	48,908		$	35,704