v3.3.1.900

Segment Information | 12 Months Ended
--- | ---
Nov. 28, 2015
Segment Reporting [Abstract] |
Segment Information | SEGMENT INFORMATION Based on the economic characteristics of the Company’s business activities, the nature of products, customers and markets served and the performance evaluation by management and the Company’s Board of Directors, the Company has identified three reportable segments for the periods presented herein: Engine/Mobile Filtration, Industrial/Environmental Filtration and Packaging. The Engine/Mobile Filtration segment manufactures and markets a complete line of filters used in the filtration of oils, air, fuel, coolant, hydraulic and transmission fluids in both domestic and international markets. The Engine/Mobile Filtration segment provides filters for certain types of transportation equipment including automobiles, heavy-duty and light trucks, buses and locomotives, marine and mining equipment, industrial equipment and heavy-duty construction and agricultural equipment. The products are sold to aftermarket distributors, original equipment manufacturers and dealer networks, private label accounts and directly to truck service centers and large national accounts. The Industrial/Environmental Filtration segment manufactures and markets a complete line of filters, cartridges, dust collectors, filtration systems, engineered filtration products and technologies used in the filtration of air and industrial fluid processes in both domestic and international markets. The filters and filter systems are used in commercial and industrial buildings, hospitals, manufacturing processes, pharmaceutical processes, clean rooms, airports, shipyards, refineries and other oil and natural gas facilities, power generation plants, petrochemical plants, residences and various other infrastructures. The products are sold to commercial and industrial distributors, original equipment manufacturers and dealer networks, private label accounts, retailers and directly to large national accounts. Prior to the Company's disposition of J.L. Clark on June 27, 2015, the Packaging segment manufactured and marketed consumer and industrial packaging products including custom-designed plastic and metal containers and closures and lithographed metal sheets in both domestic and international markets. Refer to Note C for a discussion of the disposition of the Company's Packaging segment. Net sales represent sales to unaffiliated customers. Intersegment sales were not material. No single customer accounted for 10% or more of the Company’s consolidated sales for the years ended November 30, 2015, 2014 and 2013. Unallocated amounts consist of interest expense, interest income and other non-operating income and expense items. Assets are those assets used in each business segment. Corporate assets consist of cash, deferred income taxes, corporate facility and equipment and various other assets that are not specific to an operating segment. The Company operates as a consolidated entity, including cooperation between segments, cost allocating and sharing of certain assets. As such, the Company makes no representation, that if operated on a standalone basis, these segments would report net sales, operating profit and other financial data reflected below. The following tables provide segment data for the years ended November 30, 2015, 2014 and 2013:
| 2015 |  | 2014 |  | 2013
Net sales: |  |  |  |  |
Engine/Mobile Filtration | $ | 605,474 |  |  | $ | 603,805 |  |  | $ | 507,024 |
Industrial/Environmental Filtration | 834,643 |  |  | 833,100 |  |  | 549,746 |
Packaging | 40,909 |  |  | 75,949 |  |  | 74,000 |
| $ | 1,481,026 |  |  | $ | 1,512,854 |  |  | $ | 1,130,770 |
Operating profit: |  |  |  |  |  |  |
Engine/Mobile Filtration | $ | 108,259 |  |  | $ | 122,365 |  |  | $ | 106,345 |
Industrial/Environmental Filtration | 87,545 |  |  | 83,351 |  |  | 61,996 |
Packaging | 2,143 |  |  | 4,712 |  |  | 6,275 |
| 197,947 |  |  | 210,428 |  |  | 174,616 |
Other income (expense), net | 18 |  |  | 1,135 |  |  | (316 | )
Earnings before income taxes | $ | 197,965 |  |  | $ | 211,563 |  |  | $ | 174,300 |
| 2015 |  | 2014 |  | 2013
Identifiable assets: |  |  |  |  |
Engine/Mobile Filtration | $ | 771,120 |  |  | $ | 781,204 |  |  | $ | 397,545 |
Industrial/Environmental Filtration | 1,028,793 |  |  | 1,022,996 |  |  | 715,759 |
Packaging | — |  |  | 41,817 |  |  | 41,030 |
Corporate | 18,543 |  |  | 42,752 |  |  | 294,509 |
| $ | 1,818,456 |  |  | $ | 1,888,769 |  |  | $ | 1,448,843 |
Additions to property, plant and equipment: |  |  |  |  |  |  |
Engine/Mobile Filtration | $ | 33,374 |  |  | $ | 46,496 |  |  | $ | 19,809 |
Industrial/Environmental Filtration | 14,024 |  |  | 20,215 |  |  | 21,467 |
Packaging | 300 |  |  | 1,989 |  |  | 2,467 |
Corporate | 18,861 |  |  | 4,884 |  |  | 908 |
| $ | 66,559 |  |  | $ | 73,584 |  |  | $ | 44,651 |
Depreciation and amortization: |  |  |  |  |  |  |
Engine/Mobile Filtration | $ | 24,349 |  |  | $ | 18,170 |  |  | $ | 10,488 |
Industrial/Environmental Filtration | 29,661 |  |  | 28,789 |  |  | 18,093 |
Packaging | 1,418 |  |  | 2,438 |  |  | 2,859 |
Corporate | 1,175 |  |  | 1,030 |  |  | 793 |
| $ | 56,603 |  |  | $ | 50,427 |  |  | $ | 32,233 |
Financial data relating to the geographic areas in which the Company operates are shown for the years ended November 30, 2015, 2014 and 2013. Net sales by geographic area are based on sales to final customers within that region.
| 2015 |  | 2014 |  | 2013
Net sales: |  |  |  |  |
United States | $ | 1,044,459 |  |  | $ | 1,027,028 |  |  | $ | 778,952 |
Europe | 152,551 |  |  | 165,446 |  |  | 96,255 |
Asia | 130,457 |  |  | 146,859 |  |  | 103,030 |
Other International | 153,559 |  |  | 173,521 |  |  | 152,533 |
| $ | 1,481,026 |  |  | $ | 1,512,854 |  |  | $ | 1,130,770 |
Property, plant and equipment, at cost, less accumulated depreciation: |  |  |  |  |  |  |
United States | $ | 251,650 |  |  | $ | 238,413 |  |  | $ | 183,166 |
Europe | 23,646 |  |  | 24,783 |  |  | 12,499 |
Asia | 11,703 |  |  | 11,466 |  |  | 2,702 |
Other International | 14,020 |  |  | 13,694 |  |  | 10,586 |
| $ | 301,019 |  |  | $ | 288,356 |  |  | $ | 208,953 |

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
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