Segment Information

9 Months Ended

Jul. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

We operate in two reportable segments: Underground and Surface. Crushing and conveying operating results related to surface applications are reported as part of the Surface segment, while total crushing and conveying operating results are included in the Underground segment. Eliminations primarily consist of the surface applications of crushing and conveying included in both operating segments. The results of operations for MTI and Montabert have been included in the Underground segment from their respective acquisition dates forward.

Operating income (loss) of segments does not include interest income and expense, corporate administration expenses and the provision for income taxes.

In thousands	Underground		Surface		Corporate			Eliminations			Total
Quarter ended July 31, 2015
Net sales	$	453,302	$	362,559	$	—		$	(23,678	)	$	792,183
Operating income (loss)	$	33,967	$	57,319	$	(12,542	)	$	(5,380	)	$	73,364
Interest income	—		—		2,543			—			2,543
Interest expense	—		—		(16,219		)	—			(16,219		)
Income (loss) before income taxes	$	33,967	$	57,319	$	(26,218	)	$	(5,380	)	$	59,688
Depreciation and amortization	$	22,826	$	13,726	$	186		$	—		$	36,738
Capital expenditures	$	10,628	$	7,398	$	—		$	—		$	18,026
Quarter ended August 1, 2014
Net sales	$	470,747	$	435,186	$	—		$	(30,272	)	$	875,661
Operating income (loss)	$	47,635	$	87,269	$	(7,039	)	$	(8,574	)	$	119,291
Interest income	—		—		1,707			—			1,707
Interest expense	—		—		(16,604		)	—			(16,604		)
Income (loss) before income taxes	$	47,635	$	87,269	$	(21,936	)	$	(8,574	)	$	104,394
Depreciation and amortization	$	18,568	$	14,625	$	695		$	—		$	33,888
Capital expenditures	$	12,675	$	10,078	$	2,011		$	—		$	24,764

In thousands	Underground		Surface		Corporate			Eliminations			Total
Nine months ended July 31, 2015
Net sales	$	1,261,904	$	1,132,981	$	—		$	(88,306	)	$	2,306,579
Operating income (loss)	$	106,691	$	142,931	$	(36,704	)	$	(20,550	)	$	192,368
Interest income	—		—		8,463			—			8,463
Interest expense	—		—		(48,368		)	—			(48,368		)
Income (loss) before income taxes	$	106,691	$	142,931	$	(76,609	)	$	(20,550	)	$	152,463
Depreciation and amortization	$	60,538	$	40,672	$	1,704		$	—		$	102,914
Capital expenditures	$	24,849	$	32,831	$	141		$	—		$	57,821
Nine months ended August 1, 2014
Net sales	$	1,466,088	$	1,279,507	$	—		$	(100,892	)	$	2,644,703
Operating income (loss)	$	177,773	$	216,034	$	(35,464	)	$	(28,065	)	$	330,278
Interest income	—		—		6,583			—			6,583
Interest expense	—		—		(49,148		)	—			(49,148		)
Income (loss) before income taxes	$	177,773	$	216,034	$	(78,029	)	$	(28,065	)	$	287,713
Depreciation and amortization	$	54,780	$	41,834	$	2,111		$	—		$	98,725
Capital expenditures	$	31,653	$	33,446	$	3,969		$	—		$	69,068