OPERATING SEGMENTS (Tables)

12 Months Ended

Oct. 31, 2024

Schedule of Segment Reporting Information by Segment [Table Text Block]

Information on the Company’s two operating segments, the FSG and the ETG, for each of the last three fiscal years ended October 31 is as follows (in thousands):


	Segment		Other, Primarily Corporate and Intersegment (1)	Consolidated Totals
	FSG	ETG
Year ended October 31, 2024:
Net sales	$2,639,354	$1,263,626	($45,311)	$3,857,669
Depreciation	25,153	22,731	1,244	49,128
Amortization	73,640	50,994	1,569	126,203
Operating income	593,074	288,193	(56,812)	824,455
Capital expenditures	27,498	29,864	899	58,261

Year ended October 31, 2023:
Net sales	$1,770,185	$1,225,222	($27,302)	$2,968,105
Depreciation	18,699	20,478	1,101	40,278
Amortization	36,957	51,296	1,512	89,765
Operating income	387,297	285,053	(47,011)	625,339
Capital expenditures	22,775	26,493	166	49,434

Year ended October 31, 2022:
Net sales	$1,255,212	$972,475	($19,365)	$2,208,322
Depreciation	15,656	13,602	999	30,257
Amortization	24,268	40,690	1,118	66,076
Operating income	267,167	269,473	(39,796)	496,844
Capital expenditures	15,588	15,530	864	31,982

(1) Intersegment activity principally consists of net sales from the ETG to the FSG.

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

Total assets by operating segment are as follows (in thousands):


			Other, Primarily Corporate	Consolidated Totals
	Segment
As of October 31,	FSG	ETG
2024	$4,264,360	$2,981,326	$347,136	$7,592,822
2023	4,006,748	2,915,300	273,015	7,195,063

Schedule of Revenue and Long-lived Assets by Geographic Area [Table Text Block]

The Company markets its products and services in approximately 135 countries. The following table summarizes the Company’s net sales to customers located in the United States and to those in other countries for each of the last three fiscal years ended October 31 (in thousands). Net sales are attributed to countries based on the location of the customer. Net sales to any one customer or originating from any one foreign country did not account for 10% or more of the Company’s consolidated net sales during any of the last three fiscal years. The following table also summarizes the Company’s long-lived assets held within and outside of the United States as of October 31 for each of the last three fiscal years (in thousands). Long-lived assets consist of net property, plant and equipment and operating lease ROU assets.


	2024	2023	2022
Net sales:
United States of America	$2,420,892	$1,963,451	$1,443,581
Other countries	1,436,777	1,004,654	764,741
Total net sales	$3,857,669	$2,968,105	$2,208,322

Long-lived assets:
United States of America	$357,303	$349,085	$271,477
Other countries (1)	113,567	94,136	44,154
Total long-lived assets	$470,870	$443,221	$315,631

(1) As a result of our acquisition of Exxelia in fiscal 2023 and ongoing investments in our French operations, France was the only foreign country where long-lived assets exceeded 10% of the Company’s total long-lived assets. Long-lived assets held in France totaled $54.2 million and $53.3 million as of October 31, 2024 and 2023, respectively.