Segment Information

12 Months Ended

Dec. 03, 2016

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, formerly, 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, 2016, 2015 and 2014.  Unallocated amounts within Other income (expense), net 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.  Corporate depreciation and amortization is allocated to the reportable operating segments. 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, 2016, 2015 and 2014:

	2016		2015		2014
Net sales:
Engine/Mobile Filtration	$	586,029	$	605,474	$	603,805
Industrial/Environmental Filtration	803,544		834,643		833,100
Packaging	—		40,909		75,949
	$	1,389,573	$	1,481,026	$	1,512,854
Operating profit:
Engine/Mobile Filtration	$	103,056	$	108,259	$	122,365
Industrial/Environmental Filtration	77,832		87,545		83,351
Packaging	—		2,143		4,712
	180,888		197,947		210,428
Other income (expense), net	20,718		18		1,135
Earnings before income taxes	$	201,606	$	197,965	$	211,563

	2016		2015		2014
Identifiable assets:
Engine/Mobile Filtration	$	734,834	$	771,120	$	781,204
Industrial/Environmental Filtration	947,409		1,028,793		1,022,996
Packaging	—		—		41,817
Corporate	56,849		18,543		42,752
	$	1,739,092	$	1,818,456	$	1,888,769
Additions to property, plant and equipment:
Engine/Mobile Filtration	$	9,610	$	33,374	$	46,496
Industrial/Environmental Filtration	8,933		14,024		20,215
Packaging	—		300		1,989
Corporate	16,219		18,861		4,884
	$	34,762	$	66,559	$	73,584
Depreciation and amortization:
Engine/Mobile Filtration	$	25,821	$	24,349	$	18,170
Industrial/Environmental Filtration	29,365		29,661		28,789
Packaging	—		1,418		2,438
Corporate	3,416		1,175		1,030
	$	58,602	$	56,603	$	50,427

Financial data relating to the geographic areas in which the Company operates are shown for the years ended November 30, 2016, 2015 and 2014.  Net sales by geographic area are based on sales to final customers within that region.

	2016		2015		2014
Net sales:
United States	$	944,256	$	1,044,459	$	1,027,028
Europe	152,699		152,551		165,446
Asia	144,117		130,457		146,859
Other International	148,501		153,559		173,521
	$	1,389,573	$	1,481,026	$	1,512,854
Property, plant and equipment, at cost, less accumulated depreciation:
United States	$	251,200	$	251,650	$	238,413
Europe	20,262		23,646		24,783
Asia	10,285		11,703		11,466
Other International	12,855		14,020		13,694
	$	294,602	$	301,019	$	288,356