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SEGMENT INFORMATION | 12 Months Ended
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Oct. 31, 2019
SEGMENT INFORMATION |
SEGMENT INFORMATION | 15. SEGMENT INFORMATION We operate in a single segment: industrial automation equipment. We design, manufacture and sell computerized (i.e., Computer Numeric Control) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry through a worldwide sales, service and distribution network. Although the majority of our computer control systems and software products are proprietary, they predominantly use industry standard personal computer components. Our computer control systems and software products are primarily sold as integral components of our computerized machine tool products. We also provide machine tool components, automation equipment and solutions for job shops, software options, control upgrades, accessories and replacement parts for our products, as well as customer service and training and applications support. We principally sell our products through more than 190 independent agents and distributors throughout the Americas, 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, Taiwan, the United Kingdom, and certain areas of the United States, which are among the world's principal machine tool consuming countries. During fiscal 2019, no distributor accounted for more than 5% of our sales and service fees. In fiscal 2019, approximately 64% of our revenues were from customers located outside of the U.S., including customers located in Canada, Mexico and Central and South America, 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 and services 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,
|  | 2019 |  | 2018 |  | 2017
Computerized Machine Tools |  | $ | 223,735 |  | $ | 261,710 |  | $ | 209,311
Computer Control Systems and Software † |  |  | 2,818 |  |  | 2,870 |  |  | 2,324
Service Parts |  |  | 27,854 |  |  | 27,501 |  |  | 24,255
Service Fees |  |  | 8,970 |  |  | 8,590 |  |  | 7,777
Total |  | $ | 263,377 |  | $ | 300,671 |  | $ | 243,667
† 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,
|  | 2019 |  | 2018 |  | 2017
United States of America |  | $ | 95,196 |  | $ | 87,231 |  | $ | 70,912
Canada |  |  | 2,580 |  |  | 2,915 |  |  | 3,801
Central & South Americas |  |  | 1,409 |  |  | 2,194 |  |  | 1,844
Total Americas |  |  | 99,185 |  |  | 92,340 |  |  | 76,557
Germany |  |  | 52,002 |  |  | 62,346 |  |  | 48,786
United Kingdom |  |  | 29,349 |  |  | 34,216 |  |  | 28,019
Italy |  |  | 14,772 |  |  | 16,691 |  |  | 13,416
France |  |  | 14,346 |  |  | 15,815 |  |  | 13,917
Other Europe |  |  | 20,028 |  |  | 32,034 |  |  | 27,583
Total Europe |  |  | 130,497 |  |  | 161,102 |  |  | 131,721
China |  |  | 15,706 |  |  | 27,748 |  |  | 22,456
Other Asia Pacific |  |  | 16,858 |  |  | 17,937 |  |  | 10,238
Total Asia Pacific |  |  | 32,564 |  |  | 45,685 |  |  | 32,694
Other Foreign |  |  | 1,131 |  |  | 1,544 |  |  | 2,695
Grand Total |  | $ | 263,377 |  | $ | 300,671 |  | $ | 243,667
Long–lived tangible assets, net by geographic area, were (in thousands):
|  | As of October 31,
|  | 2019 |  | 2018 |  | 2017
United States of America |  | $ | 7,967 |  | $ | 8,375 |  | $ | 7,599
Foreign countries |  |  | 8,006 |  |  | 6,617 |  |  | 6,185
|  | $ | 15,973 |  | $ | 14,992 |  | $ | 13,784
Net assets by geographic area were (in thousands):
|  | As of October 31,
|  | 2019 |  | 2018 |  | 2017
Americas |  | $ | 103,863 |  | $ | 96,348 |  | $ | 86,432
Europe |  |  | 71,411 |  |  | 74,558 |  |  | 70,536
Asia Pacific |  |  | 64,971 |  |  | 51,947 |  |  | 46,117
|  | $ | 240,245 |  | $ | 222,853 |  | $ | 203,085

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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