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Operating Segments and Geographic Area Data (Tables) | 12 Months Ended
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Oct. 31, 2017
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 |
Year ended October 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net external sales |  | $ | 916,019 |  |  | $ | 897,623 |  |  | $ | 253,340 |  |  | $ | — |  |  | $ | 2,066,982 |
Depreciation and amortization |  |  | 29,118 |  |  |  | 49,535 |  |  |  | 5,559 |  |  |  | 6,642 |  |  |  | 90,854 |
Operating profit (loss) |  |  | 253,580 |  | (a) |  | 228,062 |  | (b) |  | 43,991 |  |  |  | (67,931 | ) |  |  | 457,702 |
Identifiable assets (e) |  |  | 794,699 |  |  |  | 1,718,844 |  |  |  | 120,458 |  |  |  | 790,940 |  | (d) |  | 3,424,941 |
Expenditures for long-lived assets |  |  | 35,310 |  |  |  | 21,135 |  |  |  | 9,108 |  |  |  | 6,005 |  |  |  | 71,558 |
Year ended October 31, 2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net external sales |  | $ | 879,573 |  |  | $ | 676,329 |  |  | $ | 253,092 |  |  | $ | — |  |  | $ | 1,808,994 |
Depreciation and amortization |  |  | 28,294 |  |  |  | 29,649 |  |  |  | 5,041 |  |  |  | 7,320 |  |  |  | 70,304 |
Operating profit (loss) |  |  | 229,143 |  | (a) |  | 159,531 |  | (b) |  | 43,511 |  | (c) |  | (43,754 | ) |  |  | 388,431 |
Identifiable assets (e) |  |  | 751,153 |  |  |  | 1,080,711 |  |  |  | 140,169 |  |  |  | 463,642 |  | (d) |  | 2,435,675 |
Expenditures for long-lived assets |  |  | 17,407 |  |  |  | 18,967 |  |  |  | 17,357 |  |  |  | 7,120 |  |  |  | 60,851 |
Year ended October 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net external sales |  | $ | 836,066 |  |  | $ | 593,858 |  |  | $ | 258,742 |  |  | $ | — |  |  | $ | 1,688,666 |
Depreciation and amortization |  |  | 28,097 |  |  |  | 25,430 |  |  |  | 4,973 |  |  |  | 6,694 |  |  |  | 65,194 |
Operating profit (loss) |  |  | 195,902 |  | (a) |  | 120,940 |  | (b) |  | 41,458 |  | (c) |  | (40,570 | ) |  |  | 317,730 |
Identifiable assets (e) |  |  | 734,145 |  |  |  | 1,021,221 |  |  |  | 130,421 |  |  |  | 484,722 |  | (d) |  | 2,370,509 |
Expenditures for long-lived assets |  |  | 12,880 |  |  |  | 36,182 |  |  |  | 5,112 |  |  |  | 7,913 |  |  |  | 62,087 |
(a) | Includes $2,618, $7,800 and $7,972 of severance and restructuring costs in 2017, 2016 and 2015, respectively.
(b) | Includes $(180), $1,054 and $3,060 of severance and restructuring costs in 2017, 2016 and 2015, respectively.
(c) | Includes $1,921 and $379 of severance and restructuring costs in 2016 and 2015, respectively.
(d) | Corporate assets are principally cash and cash equivalents, deferred income taxes, capital leases, headquarter facilities, the major portion of our enterprise management system, and intangible assets. Amounts for the years 2015 and 2016 have been adjusted to reflect the retrospective application of our reclassification of debt issuance costs upon the adoption of a new accounting standard, as described in Note 2.
(e) | Operating segment identifiable assets include notes and accounts receivable net of customer advance payments and allowance for doubtful accounts, inventories net of reserves, property, plant and equipment net of accumulated depreciation and goodwill.
Sales and Long-lived Asset Information by Geographic Regions | We have significant sales and long-lived assets in the following geographic areas:
|  | 2017 |  |  | 2016 |  |  | 2015 |
Net external sales |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 647,657 |  |  | $ | 531,117 |  |  | $ | 529,893 |
Americas |  |  | 147,026 |  |  |  | 124,657 |  |  |  | 129,325 |
Europe |  |  | 530,812 |  |  |  | 503,869 |  |  |  | 462,565 |
Japan |  |  | 147,189 |  |  |  | 122,054 |  |  |  | 107,797 |
Asia Pacific |  |  | 594,298 |  |  |  | 527,297 |  |  |  | 459,086 |
Total net external sales |  | $ | 2,066,982 |  |  | $ | 1,808,994 |  |  | $ | 1,688,666 |
Long-lived assets |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 216,352 |  |  | $ | 209,959 |  |  | $ | 187,212 |
Americas |  |  | 1,552 |  |  |  | 1,730 |  |  |  | 1,735 |
Europe |  |  | 98,921 |  |  |  | 23,943 |  |  |  | 21,231 |
Japan |  |  | 5,939 |  |  |  | 6,408 |  |  |  | 5,876 |
Asia Pacific |  |  | 23,647 |  |  |  | 31,089 |  |  |  | 33,886 |
Total long-lived assets |  | $ | 346,411 |  |  | $ | 273,129 |  |  | $ | 249,940 |
Reconciliation of Segment Operating Profit to Consolidated Income Before Income Taxes | A reconciliation of total segment operating profit to total consolidated income before income taxes is as follows:
|  | 2017 |  |  | 2016 |  |  | 2015 |
Total profit for reportable segments |  | $ | 457,702 |  |  | $ | 388,431 |  |  | $ | 317,730 |
Interest expense |  |  | (36,601 | ) |  |  | (21,322 | ) |  |  | (18,104 | )
Interest and investment income |  |  | 1,124 |  |  |  | 728 |  |  |  | 558 |
Other-net |  |  | (1,934 | ) |  |  | 657 |  |  |  | 678 |
Income before income taxes |  | $ | 420,291 |  |  | $ | 368,494 |  |  | $ | 300,862 |
Summary of Reconciliation of Consolidated Assets | A reconciliation of total assets for reportable segments to total consolidated assets is as follows:
|  | 2017 |  |  | 2016 |  |  | 2015 |
Total assets for reportable segments |  | $ | 3,424,941 |  |  | $ | 2,435,675 |  |  | $ | 2,370,509 |
Customer advance payments |  |  | 34,654 |  |  |  | 26,175 |  |  |  | 22,884 |
Eliminations |  |  | (45,056 | ) |  |  | (41,267 | ) |  |  | (35,079 | )
Total consolidated assets |  | $ | 3,414,539 |  |  | $ | 2,420,583 |  |  | $ | 2,358,314 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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