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Operating Segments (Tables)
9 Months Ended
Jul. 31, 2017
Segment Reporting [Abstract]  
Segments

The following table presents information about our segments:

 

 

 

Adhesive Dispensing Systems

 

 

Advanced Technology Systems

 

 

Industrial Coating Systems

 

 

Corporate

 

 

Total

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

233,367

 

 

$

290,406

 

 

$

65,665

 

 

$

 

 

$

589,438

 

Operating profit (loss)

 

 

66,451

 

(a)

 

87,385

 

 

 

13,192

 

 

 

(13,562

)

 

 

153,466

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

220,800

 

 

$

205,372

 

 

$

63,727

 

 

$

 

 

$

489,899

 

Operating profit (loss)

 

 

60,423

 

(b)

 

63,115

 

 

 

10,612

 

(d)

 

(10,464

)

 

 

123,686

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

668,146

 

 

$

645,907

 

 

$

178,991

 

 

$

 

 

$

1,493,044

 

Operating profit (loss)

 

 

185,226

 

(a)

 

168,054

 

 

 

30,529

 

 

 

(50,895

)

 

 

332,914

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

645,269

 

 

$

481,787

 

 

$

172,655

 

 

$

 

 

$

1,299,711

 

Operating profit (loss)

 

 

173,760

 

(b)

 

109,819

 

(c)

 

25,082

 

(d)

 

(31,093

)

 

 

277,568

 

 

 

(a)

Includes $703 and $1,421 of severance and restructuring costs in the three and nine months ended July 31, 2017, respectively.

 

(b)

Includes $759 and $2,230 of severance and restructuring costs in the three and nine months ended July 31, 2016, respectively.

 

(c)

Includes $680 of severance and restructuring costs in the nine months ended July 31, 2016.

 

(d)

Includes $955 and $1,454 of severance and restructuring costs in the three and nine months ended July 31, 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

 

 

Nine Months Ended

 

 

 

July 31, 2017

 

 

July 31, 2016

 

 

July 31, 2017

 

 

July 31, 2016

 

Total profit for reportable segments

 

$

153,466

 

 

$

123,686

 

 

$

332,914

 

 

$

277,568

 

Interest expense

 

 

(11,306

)

 

 

(4,647

)

 

 

(24,854

)

 

 

(15,490

)

Interest and investment income

 

 

268

 

 

 

176

 

 

 

813

 

 

 

501

 

Other-net

 

 

27

 

 

 

(1,978

)

 

 

(1,452

)

 

 

551

 

Income before income taxes

 

$

142,455

 

 

$

117,237

 

 

$

307,421

 

 

$

263,130

 

 

Sales and Long-lived Asset Information by Geographic Regions

We have significant sales in the following geographic regions:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

July 31, 2017

 

 

July 31, 2016

 

 

July 31, 2017

 

 

July 31, 2016

 

United States

 

$

182,953

 

 

$

135,067

 

 

$

464,569

 

 

$

383,720

 

Americas

 

 

41,604

 

 

 

30,534

 

 

 

107,971

 

 

 

90,823

 

Europe

 

 

133,846

 

 

 

128,583

 

 

 

381,473

 

 

 

374,234

 

Japan

 

 

41,472

 

 

 

34,709

 

 

 

96,504

 

 

 

83,578

 

Asia Pacific

 

 

189,563

 

 

 

161,006

 

 

 

442,527

 

 

 

367,356

 

Total net external sales

 

$

589,438

 

 

$

489,899

 

 

$

1,493,044

 

 

$

1,299,711