GLOBAL REACH. LEADlNG TECHNOLOGY. - Zonebourse.com

Joy Global Inc.
Notes to Consolidated Financial Statements
October 31, 2008
ing industry. normal Our course of business. Our customers are, almost exclusively, in the mining industry. Our
al due to the broad concentration of credit risk associated with our trade receivables are considered minimal due to the broad
debts have not been customer base and the generally sound financial standing of our major customers. Bad debts have not been
l for our credit sales, significant. We often require and receive letters of credit or bank guarantees as collateral for our credit sales,
arkets. especially when the customer is located outside the United States and other developed markets.
20. Subsequent Events
ng share of common On November 21, 2008, our Directors declared a cash dividend of $0.175 per outstanding share of common
the close of business stock. The dividend will be paid on December 19, 2008 to all stockholders of record at the close of business
on December 5, 2008.
n of common stock, Under our share repurchase program, we have repurchased approximately $13.7 million of common stock,
ber 15, 2008. representing 608,720 shares, under the program from November 1, 2008 through December 15, 2008.
21. Segment Information
Business Segment Information
ry (Joy) and Surface At October 31, 2008, we had three reportable segments, Underground Mining Machinery (Joy) and Surface
veying segment Mining was Equipment (P&H) and Crushing & Conveying (CCC). The Crushing & Conveying segment was
8 and also includes created with the acquisition of N.E.S. Investment Co. in the second quarter fiscal 2008 and also includes
tersegment sales breakage for equipment previously only shown in Underground Mining Machinery. The intersegment sales for
ing Machinery Crushing and & Conveying include sales of breakage equipment to the Underground Mining Machinery and
lude interest income Surface Mining Equipment segments. Operating income (loss) of segments does not include interest income
e the elimination and of expense, reorganization items and provision for income taxes. Eliminations include the elimination of
ssets are those used intersegment breakage equipment sales and the related operating income. Identifiable assets are those used
cing costs, cash in and our operations in each segment. Corporate assets consist primarily of deferred financing costs, cash and
re the same as those
cash equivalents, and deferred income taxes. The accounting policies of the segments are the same as those
described in Note 2 - Significant Accounting Policies.
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