Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information

v3.5.0.2
Segment and Geographical Information
 9 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment and Geographical Information
Segment and Geographical Information
 
 
Three Months Ended June 30,
 
Nine Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Net revenue
 

 
 

 
 

 
 

Process Equipment Group
$
230.7

 
$
253.6

 
$
680.5

 
$
750.8

Batesville
140.3

 
145.1

 
429.2

 
454.0

Total
$
371.0

 
$
398.7

 
$
1,109.7

 
$
1,204.8

 
 
 
 
 
 
 
 
Adjusted EBITDA
 

 
 

 
 

 
 

Process Equipment Group
$
41.8

 
$
43.7

 
$
109.8

 
$
116.3

Batesville
34.6

 
32.2

 
109.5

 
108.9

Corporate
(9.3
)
 
(9.7
)
 
(26.6
)
 
(30.1
)
 
 
 
 
 
 
 
 
Net revenue (1)
 

 
 

 
 

 
 

United States
$
208.9

 
$
226.6

 
$
627.8

 
$
679.3

International
162.1

 
172.1

 
481.9

 
525.5

Total
$
371.0

 
$
398.7

 
$
1,109.7

 
$
1,204.8

 
(1) We attribute revenue to a geography based upon the location of the legal entity that consummates the external sale.
 
 
June 30,
2016
 
September 30, 2015
Total assets assigned
 

 
 

Process Equipment Group
$
1,672.2

 
$
1,537.3

Batesville
209.1

 
224.9

Corporate
58.4

 
45.9

Total
$
1,939.7

 
$
1,808.1

 
 
 
 
Tangible long-lived assets, net
 

 
 

United States
$
91.6

 
$
95.7

International
62.8

 
62.6

Total
$
154.4

 
$
158.3



The following schedule reconciles segment adjusted EBITDA to consolidated net income.
 
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
Adjusted EBITDA:
 

 
 

 
 

 
 

Process Equipment Group
$
41.8

 
$
43.7

 
$
109.8

 
$
116.3

Batesville
34.6

 
32.2

 
109.5

 
108.9

Corporate
(9.3
)
 
(9.7
)
 
(26.6
)
 
(30.1
)
Less:
 

 
 

 
 

 
 

Interest income
(0.3
)
 
—

 
(0.8
)
 
(0.7
)
Interest expense
6.6

 
5.7

 
18.9

 
17.8

Income tax expense
10.9

 
13.8

 
31.9

 
39.9

Depreciation and amortization
14.3

 
12.7

 
46.2

 
41.1

Business acquisition and integration
0.7

 
0.5

 
3.5

 
0.7

Inventory step-up
(0.1
)
 
—

 
2.4

 
—

Restructuring and restructuring related
1.5

 
1.0

 
8.9

 
2.4

Trade name impairment
2.2

 
—

 
2.2

 
—

Litigation
—

 
—

 
—

 
0.5

Consolidated net income
$
31.3

 
$
32.5

 
$
79.5

 
$
93.4