Segment Information

6 Months Ended

May 28, 2016

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

During the periods presented herein, the Company had operated in three principal product segments: Engine/Mobile Filtration, Industrial/Environmental Filtration and Packaging. Refer to Note 3 for discussion of the divestiture of J.L. Clark on June 27, 2015, which was the sole operating company within the Company's Packaging segment. Net sales represent sales to unaffiliated customers as reported in the Consolidated Condensed Statements of Earnings.  Intersegment sales were not material.  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, goodwill 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.

Segment information is summarized as follows:

	Quarter Ended					Six Months Ended
	May 28, 2016		May 30, 2015			May 28, 2016		May 30, 2015
Net sales:
Engine/Mobile Filtration	$	154,019	$	161,290		$	288,573	$	305,748
Industrial/Environmental Filtration	210,949		218,676			392,667		409,592
Packaging	—		19,833			—		35,582
	$	364,968	$	399,799		$	681,240	$	750,922
Operating profit:
Engine/Mobile Filtration	$	29,501	$	30,564		$	48,568	$	55,310
Industrial/Environmental Filtration	24,283		26,604			37,175		40,612
Packaging	—		1,775			—		2,214
	53,784		58,943			85,743		98,136
Other income (expense), net	25,195		(1,888		)	23,726		(2,934		)
Earnings before income taxes	$	78,979	$	57,055		$	109,469	$	95,202

	May 28, 2016		November 28, 2015
Identifiable assets:
Engine/Mobile Filtration	$	750,018	$	771,120
Industrial/Environmental Filtration	994,326		1,028,793
Packaging	—		—
Corporate	45,613		18,543
	$	1,789,957	$	1,818,456