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SEGMENT INFORMATION
 12 Months Ended
Oct. 31, 2014
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.

 

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 2014, no distributor accounted for more than 5% of our sales and service fees. In fiscal 2014, approximately 72% 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,
  2014   2013     2012  
                   
Computerized Machine Tools **   $ 193,937     $ 166,896     $ 179,337  
Computer Control Systems and Software *     3,407       3,066       2,947  
Service Parts     17,391       16,474       15,299  
Service Fees     7,568       6,368       5,534  
Total   $ 222,303     $ 192,804     $ 203,117  

 

*

Amounts shown do not include computer control systems and software sold as an integrated component of computerized machine systems.

**

Amounts shown include sales of LCM electro-mechanical components to third parties since the date of acquisition on July 1, 2013.

 

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,
  2014   2013     2012  
                   
North America   $ 62,247     $ 60,660     $ 60,500  
                         
Germany     51,581       43,597       49,979  
United Kingdom     32,557       27,343       28,914  
Italy     13,456       8,738       6,038  
France     9,972       10,918       9,970  
Other Europe     24,728       22,738       23,145  
Total Europe     132,294       113,334       118,046  
                         
Asia     23,766       17,401       23,216  
Other Foreign     3,996       1,409       1,355  
Total Foreign     160,056       132,144       142,617  
    $ 222,303     $ 192,804     $ 203,117  

 

 

Long-lived tangible assets, net by geographic area, were (in thousands):

 

  As of October 31,  
  2014     2013  
United States   $ 6,815     $ 6,523  
Foreign countries     6,017       7,063  
    $ 12,832     $ 13,586  

 

Net assets by geographic area were (in thousands):

 

  As of October 31,  
  2014     2013  
North America   $ 79,121     $ 69,450  
Europe     61,186       59,498  
Asia     24,338       22,543  
    $ 164,645     $ 151,491