Segment Information
6 Months Ended
Apr. 30, 2012
Segment Information
13. Segment Information

During the three months ended January 31, 2012, the Company changed the name of its Engineering segment to Facility Solutions to better reflect the variety of end-to-end integrated facility services, building operation and maintenance, and bundled energy solution services provided to its clients. The Company is organized into four reportable operating segments, Janitorial, Facility Solutions, Parking and Security, which are summarized as follows:

 

     Three Months Ended
April 30,
    Six Months Ended
April 30,
 

(in thousands)

   2012     2011     2012     2011  

Revenues

        

Janitorial

   $ 593,447      $ 590,254      $ 1,187,787      $ 1,184,860   

Facility Solutions

     222,550        229,197        456,323        421,845   

Parking

     152,680        156,127        306,130        308,993   

Security

     88,890        84,138        180,872        172,894   

Corporate and other

     (323 )      367        (83 )      660   
  

 

 

   

 

 

   

 

 

   

 

 

 
   $ 1,057,244      $ 1,060,083      $ 2,131,029      $ 2,089,252   
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit

        

Janitorial

   $ 33,494      $ 34,934      $ 64,002      $ 64,798   

Facility Solutions

     6,381        6,842        12,746        14,292   

Parking

     6,092        4,894        10,842        9,628   

Security

     1,012        897        1,857        2,198   

Corporate and other

     (28,116 )      (21,068 )      (52,788 )      (47,501 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating profit

     18,863        26,499        36,659        43,415   

Other-than-temporary impairment credit losses on auction rate security recognized in earnings

     (313 )      —          (313 )      —     

Income from unconsolidated affiliates, net

     1,501        832        4,633        1,619   

Interest expense

     (2,441 )      (4,317 )      (5,275 )      (8,363 ) 
  

 

 

   

 

 

   

 

 

   

 

 

 

Income from continuing operations before income taxes

   $ 17,610      $ 23,014      $ 35,704      $ 36,671   
  

 

 

   

 

 

   

 

 

   

 

 

 

Most Corporate expenses are not allocated. Such expenses generally include current actuarial developments of self-insurance reserves relating to claims incurred in prior years, certain legal costs and settlements, certain information technology costs, share-based compensation costs, branding initiative costs, direct acquisition costs, severance costs associated with acquisitions, and certain chief executive officer and other finance and human resource department costs.