Business Segment Information

9 Months Ended

Jul. 31, 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 July 31,	Three Months						Nine Months
(In thousands)	2014			2013			2014			2013
CooperVision net sales by category:
Toric lens	$	112,330		$	101,494		$	318,290		$	289,856
Multifocal lens	38,393			33,085			107,627			89,890
Single-use sphere lens	73,834			70,709			214,310			199,918
Non single-use sphere and other	125,343			125,232			367,058			361,583
Total CooperVision net sales	349,900			330,520			1,007,285			941,247
CooperSurgical net sales	82,582			81,473			242,494			234,626
Total net sales	$	432,482		$	411,993		$	1,249,779		$	1,175,873
Operating income (loss):
CooperVision	$	88,386		$	87,978		$	255,150		$	234,346
CooperSurgical	18,419			16,429			50,673			42,910
Corporate	(10,240		)	(10,799		)	(38,712		)	(33,354		)
Total operating income	96,565			93,608			267,111			243,902
Interest expense	1,499			2,258			4,713			7,268
Gain on insurance proceeds	—			—			—			14,084
Other expense (income), net	683			86			739			(461		)
Income before income taxes	$	94,383		$	91,264		$	261,659		$	251,179

(In thousands)	July 31, 2014		October 31, 2013
Identifiable assets:
CooperVision	$	2,528,420	$	2,376,022
CooperSurgical	613,730		632,844
Corporate	225,224		128,395
Total	$	3,367,374	$	3,137,261

Geographic information:

Periods Ended July 31,	Three Months				Nine Months
(In thousands)	2014		2013		2014		2013
Net sales to external customers by country of domicile:
United States	$	196,032	$	192,034	$	573,282	$	548,106
Europe	145,543		126,215		406,007		347,676
Rest of world	90,907		93,744		270,490		280,091
Total	$	432,482	$	411,993	$	1,249,779	$	1,175,873

(In thousands)	July 31, 2014		October 31, 2013
Long-lived assets by country of domicile:
United States	$	473,694	$	427,560
Europe	333,306		297,157
Rest of world	36,413		15,150
Total	$	843,413	$	739,867