| Reportable Operating Segments |
The Company is
organized into four reportable operating segments, Janitorial,
Facility Solutions, Parking and Security, which are summarized as
follows:
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Three Months Ended
April 30, |
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Six Months
Ended
April 30, |
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|
(in
thousands)
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|
2012 |
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|
2011 |
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|
2012 |
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|
2011 |
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Revenues
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Janitorial
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$ |
593,447 |
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$ |
590,254 |
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|
$ |
1,187,787 |
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$ |
1,184,860 |
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|
Facility
Solutions
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|
222,550 |
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|
229,197 |
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|
456,323 |
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|
|
421,845 |
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Parking
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|
152,680 |
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|
156,127 |
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|
306,130 |
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|
308,993 |
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Security
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|
88,890 |
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|
84,138 |
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|
180,872 |
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|
172,894 |
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Corporate and
other
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|
(323 |
) |
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|
367 |
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|
(83 |
) |
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|
660 |
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$ |
1,057,244 |
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$ |
1,060,083 |
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$ |
2,131,029 |
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$ |
2,089,252 |
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Operating
profit
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Janitorial
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$ |
33,494 |
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$ |
34,934 |
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$ |
64,002 |
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|
$ |
64,798 |
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Facility
Solutions
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|
6,381 |
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|
6,842 |
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|
12,746 |
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|
14,292 |
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Parking
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6,092 |
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|
4,894 |
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|
10,842 |
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|
9,628 |
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Security
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|
1,012 |
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|
897 |
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|
1,857 |
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|
2,198 |
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Corporate and
other
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|
(28,116 |
) |
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|
(21,068 |
) |
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(52,788 |
) |
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(47,501 |
) |
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Operating
profit
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|
18,863 |
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|
26,499 |
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|
36,659 |
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|
43,415 |
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Other-than-temporary
impairment credit losses on auction rate security recognized in
earnings
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|
|
(313 |
) |
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— |
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|
|
(313 |
) |
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— |
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Income from unconsolidated
affiliates, net
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|
1,501 |
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|
832 |
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|
4,633 |
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|
1,619 |
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Interest expense
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|
(2,441 |
) |
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|
(4,317 |
) |
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|
(5,275 |
) |
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|
(8,363 |
) |
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Income from continuing
operations before income taxes
|
|
$ |
17,610 |
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$ |
23,014 |
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|
$ |
35,704 |
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$ |
36,671 |
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