Segment Information Disclosure |
Segment Information The Company is organized and managed within two regions: Americas & Asia and Europe & Australia, which are the reportable segments. The following is a summary of net sales by segment and geographic region for the three and nine months ended April 30, 2024 and 2023: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended April 30, | | Nine months ended April 30, | | 2024 | | 2023 | | 2024 | | 2023 | Net sales: | | | | | | | | Americas & Asia | | | | | | | | Americas | $ | 200,602 | | | $ | 198,074 | | | $ | 582,864 | | | $ | 584,505 | | Asia | 24,164 | | | 24,739 | | | 75,171 | | | 76,870 | | Total | $ | 224,766 | | | $ | 222,813 | | | $ | 658,035 | | | $ | 661,375 | | Europe & Australia | | | | | | | | Europe | $ | 104,925 | | | $ | 100,480 | | | $ | 299,629 | | | $ | 284,432 | | Australia | 13,693 | | | 13,823 | | | 40,327 | | | 40,127 | | Total | $ | 118,618 | | | $ | 114,303 | | | $ | 339,956 | | | $ | 324,559 | | | | | | | | | | Total Company | $ | 343,384 | | | $ | 337,116 | | | $ | 997,991 | | | $ | 985,934 | |
The following is a summary of segment profit for the three and nine months ended April 30, 2024 and 2023: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended April 30, | | Nine months ended April 30, | | 2024 | | 2023 | | 2024 | | 2023 | Segment profit: | | | | | | | | Americas & Asia | $ | 49,697 | | | $ | 49,192 | | | $ | 143,489 | | | $ | 130,511 | | Europe & Australia | 19,537 | | | 17,099 | | | 51,335 | | | 47,316 | | Total profit from reportable segments | $ | 69,234 | | | $ | 66,291 | | | $ | 194,824 | | | $ | 177,827 | |
Total profit from reportable segments is a measure of operating income that excludes administrative costs related to corporate functions that are otherwise included in the Company's operating income. The following is a reconciliation of total profit from reportable segments to income before income taxes for the three and nine months ended April 30, 2024 and 2023: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended April 30, | | Nine months ended April 30, | | 2024 | | 2023 | | 2024 | | 2023 | Total profit from reportable segments | $ | 69,234 | | | $ | 66,291 | | | $ | 194,824 | | | $ | 177,827 | | Unallocated amounts: | | | | | | | | Administrative costs | (5,691) | | | (7,060) | | | (17,625) | | | (18,429) | | Gain on sale of business | — | | | 3,770 | | | — | | | 3,770 | | Investment and other income | 1,596 | | | 785 | | | 4,718 | | | 1,596 | | Interest expense | (728) | | | (753) | | | (2,284) | | | (2,886) | | Income before income taxes | $ | 64,411 | | | $ | 63,033 | | | $ | 179,633 | | | $ | 161,878 | |
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