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SEGMENT INFORMATION | 12 Months Ended
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Oct. 31, 2020
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 integration equipment and solutions for job shops, software options, control upgrades, accessories and replacement parts for our products, as well as customer service, training, and applications support. We principally sell our products through more than 200 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, the Netherlands, 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 2020, no distributor accounted for more than 5% of our sales and service fees. In fiscal 2020, approximately 61% of our revenues were from customers located outside of the Americas, 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,
​ |  | 2020 |  | 2019 |  | 2018
Computerized Machine Tools | ​ | $ | 139,577 |  | $ | 223,735 | ​ | $ | 261,710
Computer Control Systems and Software † | ​ |  | 1,699 | ​ |  | 2,818 | ​ |  | 2,870
Service Parts | ​ |  | 22,484 | ​ |  | 27,854 | ​ |  | 27,501
Service Fees | ​ |  | 6,867 | ​ |  | 8,970 | ​ |  | 8,590
Total | ​ | $ | 170,627 |  | $ | 263,377 | ​ | $ | 300,671
† 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):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended October 31,
​ |  | 2020 |  | 2019 |  | 2018
United States of America | ​ | $ | 64,500 |  | $ | 95,196 | ​ | $ | 87,231
Canada | ​ |  | 1,621 | ​ |  | 2,580 | ​ |  | 2,915
Central & South Americas | ​ |  | 1,543 | ​ |  | 1,409 | ​ |  | 2,194
Total Americas | ​ |  | 67,664 | ​ |  | 99,185 | ​ |  | 92,340
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Germany | ​ |  | 24,993 | ​ |  | 52,002 | ​ |  | 62,346
United Kingdom | ​ |  | 19,679 | ​ |  | 29,349 | ​ |  | 34,216
Italy | ​ |  | 8,599 | ​ |  | 14,772 | ​ |  | 16,691
France | ​ |  | 10,797 | ​ |  | 14,346 | ​ |  | 15,815
Other Europe | ​ |  | 14,034 | ​ |  | 20,028 | ​ |  | 32,034
Total Europe | ​ |  | 78,102 | ​ |  | 130,497 | ​ |  | 161,102
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
China | ​ |  | 14,225 | ​ |  | 15,706 | ​ |  | 27,748
Other Asia Pacific | ​ |  | 10,048 | ​ |  | 16,858 | ​ |  | 17,937
Total Asia Pacific | ​ |  | 24,273 | ​ |  | 32,564 | ​ |  | 45,685
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Other Foreign | ​ |  | 588 | ​ |  | 1,131 | ​ |  | 1,544
Grand Total | ​ | $ | 170,627 |  | $ | 263,377 | ​ | $ | 300,671
​ Long–lived tangible assets, net by geographic area, were (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of October 31,
​ |  | 2020 |  | 2019 |  | 2018
United States of America | ​ | $ | 6,826 |  | $ | 7,967 | ​ | $ | 8,375
Foreign countries | ​ |  | 7,059 | ​ |  | 8,006 | ​ |  | 6,617
​ | ​ | $ | 13,885 |  | $ | 15,973 | ​ | $ | 14,992
​ Net assets by geographic area were (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of October 31,
​ |  | 2020 |  | 2019 |  | 2018
Americas | ​ | $ | 83,214 |  | $ | 103,863 | ​ | $ | 96,348
Europe | ​ |  | 77,840 | ​ |  | 71,411 | ​ |  | 74,558
Asia Pacific | ​ |  | 70,094 | ​ |  | 64,971 | ​ |  | 51,947
​ | ​ | $ | 231,148 |  | $ | 240,245 | ​ | $ | 222,853
​

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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