Schedule Of Revenue, Operating Income And Identifiable Assets By Segment |
The following table presents revenue, operating income, depreciation expense and identifiable assets for the four segments. Operating income is revenue less cost of sales and operating expense, excluding general corporate expense, amortization of purchased intangible assets, amortization of acquisition-related inventory step-up, acquisition costs and restructuring costs. The identifiable assets that the Company’s Chief Operating Decision Maker, its Chief Executive Officer, views by segment are accounts receivable, inventories and goodwill.
| | | | | | | | | | | | | | | | | | | | | | Reporting Segments | | Engineering and Construction | | Field Solutions | | Mobile Solutions | | Advanced Devices | | Total | (Dollars in thousands) | | | | | | | | | | Third Quarter of Fiscal 2013 | | | | | | | | | | Segment revenue | $ | 310,611 |
| | $ | 99,466 |
| | $ | 113,570 |
| | $ | 32,855 |
| | $ | 556,502 |
| Operating income | 73,488 |
| | 31,373 |
| | 15,276 |
| | 8,420 |
| | 128,557 |
| Depreciation expense | 2,990 |
| | 139 |
| | 1,056 |
| | 195 |
| | 4,380 |
| Third Quarter of Fiscal 2012 | | | | | | | | | | Segment revenue | $ | 287,244 |
| | $ | 102,993 |
| | $ | 83,830 |
| | $ | 30,696 |
| | $ | 504,763 |
| Operating income | 68,451 |
| | 36,021 |
| | 8,218 |
| | 5,684 |
| | 118,374 |
| Depreciation expense | 2,586 |
| | 127 |
| | 792 |
| | 206 |
| | 3,711 |
| First Three Quarters of Fiscal 2013 | | | | | | | | | | Segment revenue | $ | 890,928 |
| | $ | 362,811 |
| | $ | 339,258 |
| | $ | 95,909 |
| | $ | 1,688,906 |
| Operating income | 183,301 |
| | 134,271 |
| | 42,284 |
| | 21,419 |
| | 381,275 |
| Depreciation expense | 8,838 |
| | 426 |
| | 3,393 |
| | 582 |
| | 13,239 |
| First Three Quarters of Fiscal 2012 | | | | | | | | | | Segment revenue | $ | 820,304 |
| | $ | 373,863 |
| | $ | 243,615 |
| | $ | 86,808 |
| | $ | 1,524,590 |
| Operating income | 168,001 |
| | 145,005 |
| | 21,200 |
| | 12,936 |
| | 347,142 |
| Depreciation expense | 7,663 |
| | 383 |
| | 2,301 |
| | 651 |
| | 10,998 |
| As of the Third Quarter of Fiscal 2013 | | | | | | | | | | Accounts receivable | $ | 198,499 |
| | $ | 69,240 |
| | $ | 71,949 |
| | $ | 21,868 |
| | $ | 361,556 |
| Inventories | 165,526 |
| | 34,692 |
| | 26,315 |
| | 14,976 |
| | 241,509 |
| Goodwill | 1,040,906 |
| | 78,715 |
| | 794,303 |
| | 24,946 |
| | 1,938,870 |
| As of Fiscal Year End 2012 | | | | | | | | | | Accounts receivable | $ | 171,580 |
| | $ | 71,465 |
| | $ | 59,720 |
| | $ | 20,712 |
| | $ | 323,477 |
| Inventories | 148,241 |
| | 44,738 |
| | 30,598 |
| | 16,952 |
| | 240,529 |
| Goodwill | 958,103 |
| | 68,684 |
| | 763,386 |
| | 25,526 |
| | 1,815,699 |
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Reconciliation Of The Company's Consolidated Segment Operating Income To Consolidated Income Before Income Taxes |
A reconciliation of the Company’s consolidated segment operating income to consolidated income before income taxes is as follows: | | | | | | | | | | | | | | | | | | Third Quarter of | | First Three Quarters of | | 2013 | | 2012 | | 2013 | | 2012 | (Dollars in thousands) | | | | | | | | Consolidated segment operating income | $ | 128,557 |
| | $ | 118,374 |
| | $ | 381,275 |
| | $ | 347,142 |
| Unallocated corporate expense | (21,019 | ) | | (21,660 | ) | | (66,886 | ) | | (61,203 | ) | Amortization of purchased intangible assets | (41,618 | ) | | (31,440 | ) | | (120,713 | ) | | (89,315 | ) | Acquisition costs | (2,891 | ) | | (1,804 | ) | | (9,285 | ) | | (14,385 | ) | Consolidated operating income | 63,029 |
| | 63,470 |
| | 184,391 |
| | 182,239 |
| Non-operating income, net | 483 |
| | 3,352 |
| | 2,181 |
| | 8,201 |
| Consolidated income before taxes | $ | 63,512 |
| | $ | 66,822 |
| | $ | 186,572 |
| | $ | 190,440 |
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