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Operating Segments (Tables)
3 Months Ended
Jan. 31, 2019
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, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

211,517

 

 

$

234,458

 

 

$

51,935

 

 

$

 

 

$

497,910

 

Operating profit (loss)

 

 

47,892

 

 

 

40,785

 

 

 

7,516

 

 

 

(11,912

)

 

 

84,281

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

220,864

 

 

$

271,701

 

 

$

57,859

 

 

$

 

 

$

550,424

 

Operating profit (loss)(1)

 

 

53,990

 

 

 

67,493

 

 

 

10,545

 

 

 

(12,678

)

 

 

119,350

 

 

 

(1)

Results for the three months ended January 31, 2018 have been revised to reflect the retrospective adoption of Accounting Standards Update No. 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Cost ("ASU 2017-07"). Refer to Note 3 for details.

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, 2019

 

 

January 31, 2018

 

Total profit for reportable segments

 

$

84,281

 

 

$

119,350

 

Interest expense

 

 

(12,365

)

 

 

(11,317

)

Interest and investment income

 

 

316

 

 

 

289

 

Other-net

 

 

(4,189

)

 

 

(4,804

)

Income before income taxes

 

$

68,043

 

 

$

103,518

 

Sales and Long-lived Asset Information by Geographic Regions

 

We have significant sales in the following geographic regions:

 

 

 

Three Months Ended

 

 

 

January 31, 2019

 

 

January 31, 2018

 

United States

 

$

170,350

 

 

$

165,831

 

Americas

 

 

32,437

 

 

 

34,279

 

Europe

 

 

132,675

 

 

 

141,938

 

Japan

 

 

29,047

 

 

 

65,869

 

Asia Pacific

 

 

133,401

 

 

 

142,507

 

Total net external sales

 

$

497,910

 

 

$

550,424