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Operating Segments and Geographic Area Data (Tables)

12 Months Ended

Oct. 31, 2019

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, 2019
Net external sales		$	950,917			$	985,850			$	257,459			$	—			$	2,194,226
Depreciation and amortization			32,401				62,836				5,932				9,075				110,244
Operating profit (loss)			275,216				205,609				53,838				(51,550	)			483,113
Identifiable assets (b)			839,997				1,740,259				157,463				782,188		(a)		3,519,907
Expenditures for long-lived assets			26,005				26,010				4,395				7,834				64,244
Year ended October 31, 2018
Net external sales		$	955,192			$	1,039,366			$	260,110			$	—			$	2,254,668
Depreciation and amortization			31,597				62,594				6,166				8,050				108,407
Operating profit (loss)			262,627				244,880				52,421				(57,349	)			502,579
Identifiable assets (b)			829,696				1,713,404				122,088				763,734		(a)		3,428,922
Expenditures for long-lived assets			46,911				16,205				8,546				18,128				89,790
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)			256,812				229,611				45,528				(65,549	)			466,402
Identifiable assets (b)			794,699				1,718,844				120,458				790,940		(a)		3,424,941
Expenditures for long-lived assets			35,310				21,135				9,108				6,005				71,558

(a) 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.  

(b) 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:

		2019				2018				2017
Net external sales
United States		$	758,383			$	720,832			$	647,657
Americas			167,661				158,837				147,026
Europe			571,596				622,108				530,812
Japan			126,756				161,771				147,189
Asia Pacific			569,830				591,120				594,298
Total net external sales		$	2,194,226			$	2,254,668			$	2,066,982
Long-lived assets
United States		$	286,894			$	279,437			$	266,921
Americas			1,948				2,158				2,322
Europe			44,041				41,663				39,102
Japan			6,169				5,492				5,594
Asia Pacific			59,843				57,916				32,472
Total long-lived assets		$	398,895			$	386,666			$	346,411

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:

		2019				2018				2017
Total profit for reportable segments		$	483,113			$	502,579			$	466,402
Interest expense			(47,145	)			(49,576	)			(36,601	)
Interest and investment income			1,844				1,384				1,124
Other-net			(6,708	)			(5,868	)			(10,634	)
Income before income taxes		$	431,104			$	448,519			$	420,291

Summary of Reconciliation of Consolidated Assets

A reconciliation of total assets for reportable segments to total consolidated assets is as follows:

		2019				2018				2017
Total assets for reportable segments		$	3,519,907			$	3,428,922			$	3,424,941
Customer advance payments			41,131				38,997				34,654
Eliminations			(44,591	)			(46,907	)			(45,056	)
Total consolidated assets		$	3,516,447			$	3,421,012			$	3,414,539

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