XML 23 R30.htm IDEA: XBRL DOCUMENT v3.19.2
Operating Segments (Tables)
9 Months Ended
Jul. 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

248,983

 

 

$

253,098

 

 

$

57,665

 

 

$

 

 

$

559,746

 

Operating profit (loss)

 

 

77,689

 

 

 

53,562

 

 

 

11,122

 

 

 

(12,097

)

 

 

130,276

 

Three months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

244,728

 

 

$

266,595

 

 

$

69,920

 

 

$

 

 

$

581,243

 

Operating profit (loss)(1)

 

 

69,268

 

 

 

67,466

 

 

 

15,633

 

 

 

(14,825

)

 

 

137,542

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

697,223

 

 

$

736,850

 

 

$

174,702

 

 

$

 

 

$

1,608,775

 

Operating profit (loss)

 

 

196,594

 

 

 

150,882

 

 

 

33,108

 

 

 

(37,131

)

 

 

343,453

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

July 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net external sales

 

$

704,367

 

 

$

789,135

 

 

$

191,871

 

 

$

 

 

$

1,685,373

 

Operating profit (loss)(1)

 

 

193,595

 

 

 

193,649

 

 

 

38,228

 

 

 

(39,688

)

 

 

385,784

 

 

 

(1)

Results for the three and nine months ended July 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

 

 

Nine Months Ended

 

 

 

July 31, 2019

 

 

July 31, 2018

 

 

July 31, 2019

 

 

July 31, 2018

 

Total profit for reportable segments

 

$

130,276

 

 

$

137,542

 

 

$

343,453

 

 

$

385,784

 

Interest expense

 

 

(11,500

)

 

 

(13,765

)

 

 

(36,238

)

 

 

(37,210

)

Interest and investment income

 

 

511

 

 

 

356

 

 

 

1,153

 

 

 

865

 

Other-net

 

 

210

 

 

 

(1,438

)

 

 

(4,546

)

 

 

(5,107

)

Income before income taxes

 

$

119,497

 

 

$

122,695

 

 

$

303,822

 

 

$

344,332

 

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, 2019

 

 

July 31, 2018

 

 

July 31, 2019

 

 

July 31, 2018

 

United States

 

$

190,460

 

 

$

191,512

 

 

$

551,510

 

 

$

536,164

 

Americas

 

 

47,040

 

 

 

38,911

 

 

 

123,159

 

 

 

112,149

 

Europe

 

 

143,449

 

 

 

150,710

 

 

 

425,650

 

 

 

447,384

 

Japan

 

 

30,488

 

 

 

28,367

 

 

 

89,566

 

 

 

127,266

 

Asia Pacific

 

 

148,309

 

 

 

171,743

 

 

 

418,890

 

 

 

462,410

 

Total net external sales

 

$

559,746

 

 

$

581,243

 

 

$

1,608,775

 

 

$

1,685,373