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