Business Segment Information

9 Months Ended

Jul. 31, 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 July 31,	Three Months						Nine Months
(In thousands)	2011			2010			2011			2010
CooperVision net sales by category:
Toric lens	$	88,728		$	76,101		$	249,397		$	214,359
Multifocal lens		19,677			18,405			54,390			53,373
Single-use sphere lens		64,628			53,545			176,498			150,900
Non single-use sphere and other eye care products and other		125,219			100,990			336,887			288,643
Total CooperVision net sales		298,252			249,041			817,172			707,275
CooperSurgical net sales		53,144			46,594			152,754			137,890
Total net sales	$	351,396		$	295,635		$	969,926		$	845,165
Operating income (loss):
CooperVision	$	41,528		$	47,555		$	148,342		$	114,689
CooperSurgical		13,013			11,851			37,481			33,006
Headquarters		(8,654	)		(8,010	)		(24,888	)		(20,287	)
Total operating income		45,887			51,396			160,935			127,408
Interest expense		3,217			8,729			14,436			28,684
Loss on extinguishment of debt		0			0			16,487			0
Litigation settlement charge		0			0			0			27,000
Other income (expense), net		386			985			(128	)		(1,174	)
Income before income taxes	$	43,056		$	43,652		$	129,884		$	70,550

(In thousands)	July 31, 2011		October 31, 2010
Identifiable assets:
CooperVision	$	2,210,251	$	2,141,685
CooperSurgical		336,097		328,931
Headquarters		68,986		54,402
Total	$	2,615,334	$	2,525,018

Geographic information:

Periods Ended July 31, (In thousands)	Three Months				Nine Months
	2011		2010		2011		2010
Net sales to external customers by country of domicile:
United States	$	159,506	$	145,923	$	447,711	$	408,976
Europe		110,792		88,206		295,196		256,452
Rest of world		81,098		61,506		227,019		179,737
Total	$	351,396	$	295,635	$	969,926	$	845,165

(In thousands)	July 31, 2011		October 31, 2010
Long-lived assets by country of domicile:
United States	$	364,062	$	357,200
Europe		227,042		227,780
Rest of world		9,990		8,907
Total	$	601,094	$	593,887