OPERATING SEGMENTS

9 Months Ended

Jul. 31, 2019

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

OPERATING SEGMENTS

Information on the Company’s two operating segments, the FSG and the ETG, for the nine and three months ended July 31, 2019 and 2018, respectively, is as follows (in thousands):

					Other, Primarily Corporate and Intersegment (1)			Consolidated Totals
	Segment
	FSG		ETG
Nine months ended July 31, 2019:
Net sales		$915,480		$615,009		($16,371	)		$1,514,118
Depreciation	10,225		8,117		754			19,096
Amortization	14,714		27,138		738			42,590
Operating income	179,843		181,160		(24,459		)	336,544
Capital expenditures	12,600		9,008		63			21,671
Nine months ended July 31, 2018:
Net sales		$807,683		$510,750		($17,596	)		$1,300,837
Depreciation	9,819		6,841		439			17,099
Amortization	14,729		24,858		837			40,424
Operating income	152,069		147,371		(26,892		)	272,548
Capital expenditures	9,710		6,922		19,266			35,898
Three months ended July 31, 2019:
Net sales		$320,016		$216,129		($3,821	)		$532,324
Depreciation	3,467		2,722		251			6,440
Amortization	4,991		9,461		246			14,698
Operating income	64,797		62,206		(7,589		)	119,414
Capital expenditures	6,024		2,996		55			9,075
Three months ended July 31, 2018:
Net sales		$285,126		$186,370		($5,671	)		$465,825
Depreciation	3,237		2,257		253			5,747
Amortization	4,850		8,591		246			13,687
Operating income	54,712		56,021		(9,310		)	101,423
Capital expenditures	3,504		2,937		—			6,441

(1) Intersegment activity principally consists of net sales from the ETG to the FSG.

Total assets by operating segment as of July 31, 2019 and October 31, 2018 are as follows (in thousands):

					Other, Primarily Corporate		Consolidated Totals
	Segment
	FSG		ETG
Total assets as of July 31, 2019		$1,140,187		$1,646,623		$173,478		$2,960,288
Total assets as of October 31, 2018	1,093,858		1,391,997		167,541		2,653,396