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Operating Segments (Tables)
6 Months Ended
Apr. 30, 2016
Segment Reporting [Abstract]  
Reportable Segments

The following table presents information about our reportable segments:

 

 

 

Adhesive Dispensing Systems

 

 

Advanced Technology Systems

 

 

Industrial Coating Systems

 

 

Corporate

 

 

Total

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

221,030

 

 

$

158,555

 

 

$

58,007

 

 

$

 

 

$

437,592

 

Operating profit (loss)

 

 

62,977

 

(a)

 

38,731

 

(b)

 

10,292

 

(c)

 

(10,096

)

 

 

101,904

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

203,273

 

 

$

129,482

 

 

$

67,972

 

 

$

 

 

$

400,727

 

Operating profit (loss)

 

 

50,780

 

 

 

24,770

 

 

 

11,514

 

 

 

(10,650

)

 

 

76,414

 

Six months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

424,469

 

 

$

276,415

 

 

$

108,928

 

 

$

 

 

$

809,812

 

Operating profit (loss)

 

 

113,337

 

(a)

 

46,704

 

(b)

 

14,470

 

(c)

 

(20,629

)

 

 

153,882

 

Six months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

397,486

 

 

$

261,700

 

 

$

120,549

 

 

$

 

 

$

779,735

 

Operating profit (loss)

 

 

94,109

 

 

 

51,588

 

 

 

15,278

 

 

 

(21,743

)

 

 

139,232

 

 

 

(a)

Includes $991 and $1,471 of severance and restructuring costs in the three and six months ended April 30, 2016, respectively.

 

(b)

Includes $170 and $680 of severance and restructuring costs in the three and six months ended April 30, 2016, respectively.

 

(c)

Includes $472 and $499 of severance and restructuring costs in the three and six months ended April 30, 2016, respectively.

Reconciliation of Segment Operating Income to Consolidated Income Before Income Taxes

A reconciliation of total segment operating income to total consolidated income before income taxes is as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

April 30, 2016

 

 

April 30, 2015

 

 

April 30, 2016

 

 

April 30, 2015

 

Total profit for reportable segments

 

$

101,904

 

 

$

76,414

 

 

$

153,882

 

 

$

139,232

 

Interest expense

 

 

(5,000

)

 

 

(4,313

)

 

 

(10,844

)

 

 

(8,402

)

Interest and investment income

 

 

188

 

 

 

151

 

 

 

326

 

 

 

237

 

Other-net

 

 

1,727

 

 

 

(687

)

 

 

2,529

 

 

 

(789

)

Income before income taxes

 

$

98,819

 

 

$

71,565

 

 

$

145,893

 

 

$

130,278

 

 

Sales and Long-lived Asset Information by Geographic Regions

 

We have significant sales in the following geographic regions:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

April 30, 2016

 

 

April 30, 2015

 

 

April 30, 2016

 

 

April 30, 2015

 

United States

 

$

131,262

 

 

$

140,030

 

 

$

248,653

 

 

$

262,854

 

Americas

 

 

33,582

 

 

 

31,028

 

 

 

60,289

 

 

 

59,296

 

Europe

 

 

125,933

 

 

 

105,097

 

 

 

245,651

 

 

 

213,663

 

Japan

 

 

29,366

 

 

 

28,499

 

 

 

48,869

 

 

 

50,032

 

Asia Pacific

 

 

117,449

 

 

 

96,073

 

 

 

206,350

 

 

 

193,890

 

Total net external sales

 

$

437,592

 

 

$

400,727

 

 

$

809,812

 

 

$

779,735