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SEGMENT INFORMATION | 12 Months Ended
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Oct. 31, 2013
SEGMENT INFORMATION [Abstract] |
SEGMENT INFORMATION |
15. | SEGMENT INFORMATION
We operate in a single segment: industrial automation equipment. We design and produce interactive computer control systems and software, computerized machine tools, and machine tool components and accessories for sale through our own distribution network to the worldwide metal working market. We also provide software options, control upgrades, accessories and replacement parts for our products, as well as customer service and training support. The results related to the business being operated by LCM from the date we acquired the business, July 1, 2013, are included within the industrial automation systems segment. We sell our products through more than 100 independent agents and distributors throughout North America, Europe and Asia. Our line is the primary line for the majority of our distributors globally even though some may carry competitive products. We also have our own direct sales and service organizations in China, France, Germany, India, Italy, Poland, Singapore, South Africa, the United Kingdom, and certain areas of the United States, which are among the world's principal machine tool consuming countries. During fiscal 2013, no distributor accounted for more than 5% of our sales and service fees. In fiscal 2013, approximately 68% of our revenues were from overseas customers and no single end-user of our products accounted for more than 5% of our total sales and service fees. The following table sets forth the contribution of each of our product groups to our total sales and service fees during each of the past three fiscal years (in thousands): Net Sales and Service Fees by Product Category
|  | Year ended October 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Computerized Machine Tools |  | $ | 166,896 |  |  | $ | 179,337 |  |  | $ | 156,736 |
Computer Control Systems and Software * |  |  | 3,066 |  |  |  | 2,947 |  |  |  | 3,322 |
Service Parts |  |  | 16,474 |  |  |  | 15,299 |  |  |  | 14,836 |
Service Fees |  |  | 6,368 |  |  |  | 5,534 |  |  |  | 5,506 |
Total |  | $ | 192,804 |  |  | $ | 203,117 |  |  | $ | 180,400 |
*Amounts shown do not include computer control systems and software sold as an integrated component of computerized machine systems. The following table sets forth revenues by geographic area, based on customer location, for each of the past three fiscal years (in thousands): Revenues by Geographic Area
|  | Year Ended October 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
North America |  | $ | 60,660 |  |  | $ | 60,500 |  |  | $ | 47,599 |
Germany |  |  | 43,597 |  |  |  | 49,979 |  |  |  | 47,162 |
United Kingdom |  |  | 27,343 |  |  |  | 28,914 |  |  |  | 22,463 |
Italy |  |  | 8,738 |  |  |  | 6,038 |  |  |  | 5,192 |
France |  |  | 10,918 |  |  |  | 9,970 |  |  |  | 10,227 |
Other Europe |  |  | 22,738 |  |  |  | 23,145 |  |  |  | 23,205 |
Total Europe |  |  | 113,334 |  |  |  | 118,046 |  |  |  | 108,249 |
Asia |  |  | 17,401 |  |  |  | 23,216 |  |  |  | 21,552 |
Other Foreign |  |  | 1,409 |  |  |  | 1,355 |  |  |  | 3,000 |
Total Foreign |  |  | 132,144 |  |  |  | 142,617 |  |  |  | 132,801 |
|  | $ | 192,804 |  |  | $ | 203,117 |  |  | $ | 180,400 |
Long-lived tangible assets, net by geographic area were (in thousands):
|  | As of October 31, |
|  | 2013 |  |  | 2012 |
United States |  | $ | 6,523 |  |  | $ | 6,633 |
Foreign countries |  |  | 7,063 |  |  |  | 6,677 |
|  | $ | 13,586 |  |  | $ | 13,310 |
Net assets by geographic area were (in thousands):
|  | As of October 31, |
|  | 2013 |  |  | 2012 |
North America |  | $ | 69,450 |  |  | $ | 73,449 |
Europe |  |  | 59,498 |  |  |  | 48,571 |
Asia |  |  | 22,543 |  |  |  | 21,773 |
|  | $ | 151,491 |  |  | $ | 143,793 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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