Segment Information

9 Months Ended

Jul. 31, 2013

Segment Information

12. SEGMENT INFORMATION

In periods prior to the first quarter of 2013, our reportable segments consisted of Janitorial, Parking, Security, and Facility Solutions. Effective in the first quarter of 2013, we now 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;

• adjustments resulting from 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 July 31,						Nine Months Ended July 31,
(in thousands)	2013			2012			2013			2012
Revenues:
Janitorial	$	621,837		$	602,459		$	1,836,585		$	1,790,246
Facility Services		152,751			143,672			456,581			424,188
Parking		154,005			154,980			456,868			461,110
Security		96,203			91,602			284,412			272,474
Building & Energy Solutions		104,887			86,231			286,770			262,038
Other		86,845			—			250,592			—
Corporate		240			291			700			208
		1,216,768			1,079,235			3,572,508			3,210,264
Operating profit:
Janitorial		34,400			34,850			100,553			98,852
Facility Services		7,029			5,787			19,304			16,273
Parking		8,104			7,768			19,061			18,610
Security		4,049			2,962			7,817			4,819
Building & Energy Solutions		6,734			3,689			10,053			7,622
Other		3,776			—			8,678			—
Corporate		(33,736	)		(31,192	)		(79,750	)		(83,980	)
Adjustment for income from unconsolidated affiliates, net included in Building & Energy Solutions		(1,658	)		(691	)		(4,095	)		(2,364	)
		28,698			23,173			81,621			59,832
Other-than-temporary impairment credit losses on auction rate security recognized in earnings		—			—			—			(313	)
Income from unconsolidated affiliates, net		1,596			747			3,924			5,380
Interest expense		(3,335	)		(2,407	)		(9,678	)		(7,682	)
Income from continuing operations before income taxes	$	26,959		$	21,513		$	75,867		$	57,217