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