OPERATING SEGMENTS

12 Months Ended

Oct. 31, 2011

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

15.      OPERATING SEGMENTS

The Company has two operating segments:  the Flight Support Group (“FSG”), consisting of HEICO Aerospace and its subsidiaries and the Electronic Technologies Group (“ETG”), consistingof 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.  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 and traveling wave tube amplifiers primarily for the aviation, defense, space, medical, telecommunication and electronic 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:

					Other,
					Primarily
	Segment				Corporate and			Consolidated
	FSG		ETG		Intersegment			Totals
Year ended October 31, 2011:
Net sales	$	539,563,000	$	227,771,000	$	(2,443,000	)	$	764,891,000
Depreciation and amortization		10,661,000		7,502,000		380,000			18,543,000
Operating income		95,001,000		59,465,000		(16,035,000	)		138,431,000
Capital expenditures		6,866,000		2,543,000		37,000			9,446,000
Total assets		458,624,000		429,869,000		52,576,000			941,069,000
Year ended October 31, 2010:
Net sales	$	412,337,000	$	205,648,000	$	(965,000	)	$	617,020,000
Depreciation and amortization		9,899,000		7,308,000		390,000			17,597,000
Operating income		67,896,000		56,126,000		(14,849,000	)		109,173,000
Capital expenditures		7,343,000		1,502,000		32,000			8,877,000
Total assets		410,666,000		328,577,000		42,400,000			781,643,000
Year ended October 31, 2009:
Net sales	$	395,423,000	$	143,372,000	$	(499,000	)	$	538,296,000
Depreciation and amortization		9,801,000		4,728,000		438,000			14,967,000
Operating income		60,003,000		39,981,000		(11,729,000	)		88,255,000
Capital expenditures		8,518,000		1,670,000		65,000			10,253,000
Total assets		414,030,000		285,602,000		33,278,000			732,910,000

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 95 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:

	Year ended October 31,
	2011		2010		2009
United States of America	$	507,237,000	$	423,916,000	$	367,736,000
Other countries		257,654,000		193,104,000		170,560,000
Total	$	764,891,000	$	617,020,000	$	538,296,000