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SEGMENT INFORMATION
 12 Months Ended
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