Business Segment Information

6 Months Ended

Apr. 30, 2011

Business Segment Information

Business Segment Information

Note 14. 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)	2011			2010			2011			2010
CooperVision net sales by category:
Toric lens	$	84,882		$	74,725		$	160,669		$	138,258
Multifocal lens		18,083			18,287			34,712			34,968
Single-use sphere lens		58,922			50,412			111,870			97,355
Non single-use sphere and other eye care products and other		113,404			98,869			211,669			187,653
Total CooperVision net sales		275,291			242,293			518,920			458,234
CooperSurgical net sales		50,010			46,978			99,610			91,296
Total net sales	$	325,301		$	289,271		$	618,530		$	549,530
Operating income (loss):
CooperVision	$	55,932		$	34,700		$	106,814		$	67,134
CooperSurgical		12,200			11,102			24,469			21,155
Headquarters		(7,876	)		(6,768	)		(16,234	)		(12,277	)
Total operating income		60,256			39,034			115,049			76,012
Interest expense		4,268			9,730			11,219			19,955
Loss on extinguishment of debt		16,487			0			16,487			0
Litigation settlement charge		0			27,000			0			27,000
Other income (expense), net		219			168			(514	)		(2,159	)
Income before income taxes	$	39,720		$	2,472		$	86,829		$	26,898

(In thousands)	April 30, 2011		October 31, 2010
Identifiable assets:
CooperVision	$	2,220,742	$	2,141,685
CooperSurgical		332,287		328,931
Headquarters		72,163		54,402
Total	$	2,625,192	$	2,525,018

Geographic information:

Periods Ended April 30,	Three Months				Six Months
(In thousands)	2011		2010		2011		2010
Net sales to external customers by country of domicile:
United States	$	154,470	$	144,698	$	288,205	$	263,053
Europe		95,500		84,728		184,404		168,246
Rest of world		75,331		59,845		145,921		118,231
Total	$	325,301	$	289,271	$	618,530	$	549,530

(In thousands)	April 30, 2011		October 31, 2010
Long-lived assets by country of domicile:
United States	$	361,711	$	357,200
Europe		234,419		227,780
Rest of world		9,875		8,907
Total	$	606,005	$	593,887