OPERATING SEGMENTS

12 Months Ended

Oct. 31, 2015

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 Company's operating segment reporting structure is consistent with how management reviews the business, makes investing and resource decisions and assesses operating performance. Additionally, characteristics such as similarity of products, customers, economic characteristics and various other factors are considered when identifying the Company's operating segments. The FSG 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 U.S. government. Additionally, the FSG is a leading supplier, distributor, and integrator of military aircraft parts and support services primarily to foreign military organizations allied with the U.S. and is a leading manufacturer of advanced niche components and complex composite assemblies for commercial aviation, defense and space applications. The ETG 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, electromagnetic interference shielding, traveling wave tube amplifiers, harsh environment electronic connectors and other interconnect products, communications and electronic intercept receivers and tuners, and RF and microwave amplifiers, transmitters, receivers and satellite microwave modules, 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, 2015:
Net sales		$809,700		$390,982		($12,034	)		$1,188,648
Depreciation	10,859		6,803		168			17,830
Amortization	13,470		15,945		662			30,077
Operating income	149,798		98,833		(18,975		)	229,656
Capital expenditures	11,737		6,201		311			18,249
Total assets	868,218		746,018		122,151			1,736,387
Year ended October 31, 2014:
Net sales		$762,801		$379,404		($9,894	)		$1,132,311
Depreciation	9,809		7,113		146			17,068
Amortization	10,034		19,993		662			30,689
Operating income	136,480		88,914		(22,006		)	203,388
Capital expenditures	9,437		6,327		646			16,410
Total assets	676,824		703,144		109,246			1,489,214
Year ended October 31, 2013:
Net sales		$665,148		$350,033		($6,424	)		$1,008,757
Depreciation	7,997		5,242		133			13,372
Amortization	6,617		16,150		651			23,418
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

Major Customer and Geographic Information

The Company markets its products and services in approximately 100 countries.  The following table summarizes the Company’s net sales to customers located in the United States and to those in other countries for each of the last three fiscal years ended October 31 (in thousands).  Net sales are attributed to countries based on the location of the customer.  Net sales to any one customer or originating from any one country did not account for 10% or more of the Company’s consolidated net sales during any of the last three fiscal years.  The following table also summarizes the Company’s long-lived assets held within and outside of the United States as of October 31 of the last three fiscal years (in thousands).  Long-lived assets consist of net property, plant and equipment.

	2015		2014		2013
Net Sales:
United States of America		$785,567		$754,616		$654,096
Other countries	403,081		377,695		354,661
Total net sales		$1,188,648		$1,132,311		$1,008,757
Long-lived assets:
United States of America		$85,253		$84,116		$87,247
Other countries	20,417		9,749		10,490
Total long-lived assets		$105,670		$93,865		$97,737