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SEGMENT INFORMATION | 12 Months Ended
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Oct. 31, 2024
SEGMENT INFORMATION |
SEGMENT INFORMATION | 13. SEGMENT INFORMATION We operate in a single operating and reportable 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 most 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 approximately 180 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, the Czech Republic, 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. In fiscal year 2024, approximately 61% of our revenues were from customers located outside of the Americas, and no single distributor or 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,
​ | ​ | 2024 | 2023 | 2022
Computerized Machine Tools |  | $ | 147,561 |  | $ | 188,335 |  | $ | 211,804
Computer Control Systems and Software † | ​ |  | 2,447 |  |  | 2,805 |  |  | 2,634
Service Parts | ​ |  | 27,628 |  |  | 28,439 |  |  | 28,219
Service Fees | ​ |  | 8,948 |  |  | 8,228 |  |  | 8,157
Total | ​ | $ | 186,584 |  | $ | 227,807 |  | $ | 250,814
† 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,
​ |  | 2024 |  | 2023 |  | 2022
United States of America | ​ | $ | 70,342 |  | $ | 83,747 |  | $ | 92,050
Canada | ​ |  | 1,701 | ​ |  | 3,827 | ​ |  | 3,996
Central & South Americas | ​ |  | 1,255 | ​ |  | 1,839 | ​ |  | 1,279
Total Americas | ​ |  | 73,298 | ​ |  | 89,413 | ​ |  | 97,325
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Germany | ​ |  | 28,139 | ​ |  | 30,468 | ​ |  | 42,026
United Kingdom | ​ |  | 26,668 | ​ |  | 29,704 | ​ |  | 26,629
Italy | ​ |  | 9,894 | ​ |  | 15,554 | ​ |  | 16,499
France | ​ |  | 12,917 | ​ |  | 11,851 | ​ |  | 14,291
Other Europe | ​ |  | 13,299 | ​ |  | 28,204 | ​ |  | 24,437
Total Europe | ​ |  | 90,917 | ​ |  | 115,781 | ​ |  | 123,882
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
China | ​ |  | 6,545 | ​ |  | 7,529 | ​ |  | 10,293
India | ​ |  | 9,077 | ​ |  | 6,016 | ​ |  | 6,578
Other Asia Pacific | ​ |  | 5,704 | ​ |  | 7,858 | ​ |  | 11,975
Total Asia Pacific | ​ |  | 21,326 | ​ |  | 21,403 | ​ |  | 28,846
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Other Foreign | ​ |  | 1,043 | ​ |  | 1,210 | ​ |  | 761
Grand Total | ​ | $ | 186,584 |  | $ | 227,807 |  | $ | 250,814
​ Long–lived tangible assets, net by geographic area, were (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of October 31,
​ |  | 2024 |  | 2023 |  | 2022
United States of America | ​ | $ | 9,510 |  | $ | 7,072 |  | $ | 5,628
Foreign countries | ​ |  | 13,025 | ​ |  | 4,034 | ​ |  | 4,941
​ | ​ | $ | 22,535 |  | $ | 11,106 |  | $ | 10,569
​ Net assets by geographic area were (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of October 31,
​ |  | 2024 |  | 2023 |  | 2022
Americas | ​ | $ | 45,798 |  | $ | 70,649 |  | $ | 87,476
Europe | ​ |  | 88,810 | ​ |  | 81,730 | ​ |  | 67,797
Asia Pacific | ​ |  | 72,564 | ​ |  | 69,852 | ​ |  | 67,371
​ | ​ | $ | 207,172 |  | $ | 222,231 |  | $ | 222,644
​

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