OPERATING SEGMENTS

12 Months Ended

Oct. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

OPERATING SEGMENTS

The Company has two operating segments:  the Flight Support Group (“FSG”), consisting of HEICO Aerospace and HEICO Flight Support Corp. and their collective subsidiaries; and the Electronic Technologies Group (“ETG”), consisting of HEICO Electronic and its subsidiaries.  The Flight Support Group designs, manufactures, repairs, overhauls and distributes jet engine and aircraft component replacement parts.  The parts and services are approved by the FAA.  The FSG also manufactures and sells specialty parts as a subcontractor for aerospace and industrial original equipment manufacturers and the United States government and is a leading manufacturer of advanced niche components and complex composite assemblies for commercial aviation, defense and space applications.The Electronic Technologies Group designs and manufactures electronic, microwave, and electro-optical equipment and components, three-dimensional microelectronic and stacked memory products, high-speed interface products, high voltage interconnection devices, high voltage advanced power electronics products, power conversion products, underwater locator beacons, traveling wave tube amplifiers, harsh environment electronic connectors and other interconnect products, and RF and microwave amplifiers, transmitters, receivers and satellite microwave modules, units and integrated subsystems primarily for the aviation, defense, space, medical, telecommunications and electronics industries.

The Company’s reportable operating segments offer distinctive products and services that are marketed through different channels.  They are managed separately because of their unique technology and service requirements.

Segment Profit or Loss

The accounting policies of the Company’s operating segments are the same as those described in Note 1, Summary of Significant Accounting Policies.  Management evaluates segment performance based on segment operating income.

Information on the Company’s two operating segments, the FSG and the ETG, for each of the last three fiscal years ended October 31 is as follows (in thousands):

	Segment				Other, Primarily Corporate and Intersegment			Consolidated Totals
	FSG		ETG
Year ended October 31, 2013:
Net sales		$665,148		$350,033		($6,424	)		$1,008,757
Depreciation and amortization	14,614		21,392		784			36,790
Operating income	122,058		83,063		(21,531		)	183,590
Capital expenditures	10,190		7,748		390			18,328
Total assets	679,839		759,807		93,369			1,533,015
Year ended October 31, 2012:
Net sales		$570,325		$331,598		($4,576	)		$897,347
Depreciation and amortization	10,451		19,365		840			30,656
Operating income	103,943		77,438		(18,087		)	163,294
Capital expenditures	7,045		7,248		969			15,262
Total assets	487,188		636,660		68,998			1,192,846
Year ended October 31, 2011:
Net sales		$539,563		$227,771		($2,443	)		$764,891
Depreciation and amortization	10,661		7,502		380			18,543
Operating income	95,001		59,465		(16,035		)	138,431
Capital expenditures	6,866		2,543		37			9,446
Total assets	458,624		429,869		52,576			941,069

Major Customer and Geographic Information

No one customer accounted for 10% or more of the Company’s consolidated net sales during the last three fiscal years.  The Company’s net sales originating and long-lived assets held outside of the United States during each of the last three fiscal years were not material.

The Company markets its products and services in approximately 100 countries.  The Company’s net sales to any country other than the United States of America did not exceed 10% of consolidated net sales.  Sales are attributed to countries based on the location of customers.  The composition of the Company’s net sales to customers located in the United States of America and to those in other countries for each of the last three fiscal years ended October 31 is as follows (in thousands):

	Year ended October 31,
	2013		2012		2011
United States of America		$654,096		$596,922		$507,237
Other countries	354,661		300,425		257,654
Total		$1,008,757		$897,347		$764,891