Business Segment Information

6 Months Ended

Apr. 30, 2014

Segment Reporting [Abstract]

Business Segment Information

Business Segment Information

Cooper uses operating income, as presented in our financial reports, as the primary measure of segment profitability. We do not allocate costs from corporate functions to segment operating income. Items below operating income are not considered when measuring the profitability of a segment. We use the same accounting policies to generate segment results as we do for our consolidated results.

Identifiable assets are those used in continuing operations except cash and cash equivalents, which we include as corporate assets. Long-lived assets are property, plant and equipment.

Segment information:

Periods Ended April 30,	Three Months						Six Months
(In thousands)	2014			2013			2014			2013
CooperVision net sales by category:
Toric lens	$	104,763		$	96,728		$	205,959		$	188,362
Multifocal lens	35,540			29,654			69,235			56,805
Single-use sphere lens	71,704			63,746			140,476			129,209
Non single-use sphere and other	119,075			119,220			241,715			236,351
Total CooperVision net sales	331,082			309,348			657,385			610,727
CooperSurgical net sales	81,235			74,693			159,912			153,153
Total net sales	$	412,317		$	384,041		$	817,297		$	763,880
Operating income (loss):
CooperVision	$	82,618		$	79,299		$	166,764		$	146,368
CooperSurgical	18,098			12,431			32,255			26,480
Corporate	(11,792		)	(10,257		)	(28,472		)	(22,555		)
Total operating income	88,924			81,473			170,547			150,293
Interest expense	1,558			2,444			3,214			5,010
Gain on insurance proceeds	—			—			—			14,084
Other income (expense), net	455			(89		)	(57		)	549
Income before income taxes	$	87,821		$	78,940		$	167,276		$	159,916

(In thousands)	April 30, 2014		October 31, 2013
Identifiable assets:
CooperVision	$	2,465,916	$	2,376,022
CooperSurgical	624,556		632,844
Corporate	131,510		128,395
Total	$	3,221,982	$	3,137,261

Geographic information:

Periods Ended April 30,	Three Months				Six Months
(In thousands)	2014		2013		2014		2013
Net sales to external customers by country of domicile:
United States	$	189,559	$	180,314	$	377,251	$	356,071
Europe	131,418		112,932		260,464		221,462
Rest of world	91,340		90,795		179,582		186,347
Total	$	412,317	$	384,041	$	817,297	$	763,880

(In thousands)	April 30, 2014		October 31, 2013
Long-lived assets by country of domicile:
United States	$	454,758	$	427,560
Europe	332,533		297,157
Rest of world	30,151		15,150
Total	$	817,442	$	739,867