Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information

v3.7.0.1
Segment and Geographical Information
6 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Segment and Geographical Information
Segment and Geographical Information
 
 
Three Months Ended March 31,
 
Six Months Ended March 31,
 
2017
 
2016
 
2017
 
2016
Net revenue
 

 
 

 
 

 
 

Process Equipment Group
$
244.1

 
$
235.8

 
$
465.7

 
$
449.8

Batesville
151.2

 
151.2

 
285.7

 
288.9

Total
$
395.3

 
$
387.0

 
$
751.4

 
$
738.7

 
 
 
 
 
 
 
 
Adjusted EBITDA
 
 
 
 
 
 
 
Process Equipment Group
$
37.3

 
$
35.0

 
$
70.0

 
$
67.9

Batesville
42.7

 
43.0

 
73.7

 
74.9

Corporate
(9.7
)
 
(10.2
)
 
(17.0
)
 
(17.2
)
 
 
 
 
 
 
 
 
Net revenue (1)
 
 
 
 
 
 
 
United States
$
227.3

 
$
220.0

 
$
428.7

 
$
419.0

Germany
115.8

 
107.5

 
220.2

 
200.8

All other foreign business units
52.2

 
59.5

 
102.5

 
118.9

Total
$
395.3

 
$
387.0

 
$
751.4

 
$
738.7

 
(1) We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
 
 
March 31,
2017
 
September 30,
2016
Total assets assigned
 

 
 

Process Equipment Group
$
1,659.2

 
$
1,694.6

Batesville
208.7

 
211.8

Corporate
25.3

 
53.3

Total
$
1,893.2

 
$
1,959.7

 
 
 
 
Tangible long-lived assets, net
 

 
 

United States
$
84.3

 
$
89.5

Germany
34.7

 
35.8

All other foreign business units
26.4

 
27.2

Total
$
145.4

 
$
152.5



The following schedule reconciles segment adjusted EBITDA to consolidated net income.
 
 
Three Months Ended
March 31,
 
Six Months Ended
March 31,
 
2017
 
2016
 
2017
 
2016
Adjusted EBITDA:
 
 
 
 
 
 
 
Process Equipment Group
$
37.3

 
$
35.0

 
$
70.0

 
$
67.9

Batesville
42.7

 
43.0

 
73.7

 
74.9

Corporate
(9.7
)
 
(10.2
)
 
(17.0
)
 
(17.2
)
Less:
 

 
 

 
 

 
 

Interest income
(0.1
)
 
(0.2
)
 
(0.3
)
 
(0.5
)
Interest expense
6.3

 
6.4

 
12.4

 
12.3

Income tax expense
14.9

 
12.3

 
21.6

 
21.0

Depreciation and amortization
13.6

 
15.9

 
28.6

 
31.9

Business acquisition and integration
0.3

 
1.1

 
0.6

 
2.8

Inventory step-up

 
1.1

 

 
2.5

Restructuring and restructuring related
1.3

 
4.0

 
7.9

 
7.4

Consolidated net income
$
34.0

 
$
27.2

 
$
55.9

 
$
48.2