Annual report pursuant to Section 13 and 15(d)

Other (Expense) Income, Net

v3.3.0.814
Other (Expense) Income, Net
12 Months Ended
Sep. 30, 2015
Other Nonoperating Income (Expense) [Abstract]  
Other (Expense) Income, Net
Other (Expense) Income, Net
 
 
Year Ended September 30,
 
2015
 
2014
 
2013
Equity in net income (loss) of affiliates
$
(2.1
)
 
$
2.8

 
$
(1.3
)
Foreign currency exchange gain (loss)
(4.4
)
 
(1.5
)
 
0.1

Business acquisition costs, net

 

 
1.0

Gain on exercise of warrants

 
5.2

 

Service cancellation agreement

 
2.5

 

Other, net
(1.4
)
 
(0.3
)
 
(0.2
)
Other (expense) income, net
$
(7.9
)
 
$
8.7

 
$
(0.4
)

 
In the spin-off from our former parent, we acquired warrants to purchase the common stock of Forethought Financial Group, Inc. (“Forethought”).  Forethought was acquired by a third-party during 2014.  In connection with that acquisition, these warrants were exercised for $6.2, resulting in a gain of $5.2.
 
We recognized a $2.5 gain related to the cancellation of a service agreement at Batesville during 2014.
 
The acquisition of Coperion was transacted in Euros.  Business acquisition costs, net, within this income statement category represents the foreign exchange gain recognized on euro-denominated cash required to fund the acquisition, offset by the costs of derivative contracts that hedged currency exposure on the funds required to close the transaction.