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Operating Segments (Tables)
3 Months Ended
Jan. 31, 2018
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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

220,864

 

 

$

271,701

 

 

$

57,859

 

 

$

 

 

$

550,424

 

Operating profit (loss)

 

 

53,315

 

(a)

 

67,268

 

 

 

10,160

 

 

 

(13,020

)

 

 

117,723

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

207,837

 

 

$

145,360

 

 

$

54,273

 

 

$

 

 

$

407,470

 

Operating profit (loss)

 

 

53,056

 

(a)

 

26,363

 

 

 

7,085

 

 

 

(10,586

)

 

 

75,918

 

 

 

(a)

Includes $1,067 and $227 of severance and restructuring costs in the three months ended January 31, 2018 and 2017, 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

 

 

 

January 31, 2018

 

 

January 31, 2017

 

Total profit for reportable segments

 

$

117,723

 

 

$

75,918

 

Interest expense

 

 

(11,317

)

 

 

(5,641

)

Interest and investment income

 

 

289

 

 

 

273

 

Other-net

 

 

(3,177

)

 

 

(157

)

Income before income taxes

 

$

103,518

 

 

$

70,393

 

 

Sales and Long-lived Asset Information by Geographic Regions

We have significant sales in the following geographic regions:

 

 

 

Three Months Ended

 

 

 

January 31, 2018

 

 

January 31, 2017

 

United States

 

$

165,831

 

 

$

125,521

 

Americas

 

 

34,279

 

 

 

30,042

 

Europe

 

 

141,938

 

 

 

119,159

 

Japan

 

 

65,869

 

 

 

24,177

 

Asia Pacific

 

 

142,507

 

 

 

108,571

 

Total net external sales

 

$

550,424

 

 

$

407,470