Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information

v3.7.0.1
Segment and Geographical Information
 9 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segment and Geographical Information
Segment and Geographical Information
 
 
Three Months Ended June 30,
 
Nine Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Net revenue
 

 
 

 
 

 
 

Process Equipment Group
$
258.9

 
$
230.7

 
$
724.6

 
$
680.5

Batesville
137.0

 
140.3

 
422.7

 
429.2

Total
$
395.9

 
$
371.0

 
$
1,147.3

 
$
1,109.7

 
 
 
 
 
 
 
 
Adjusted EBITDA
 
 
 
 
 
 
 
Process Equipment Group
$
50.3

 
$
41.8

 
$
120.3

 
$
109.8

Batesville
33.5

 
34.6

 
107.2

 
109.5

Corporate
(11.5
)
 
(9.3
)
 
(28.5
)
 
(26.6
)
 
 
 
 
 
 
 
 
Net revenue (1)
 
 
 
 
 
 
 
United States
$
224.5

 
$
208.9

 
$
653.1

 
$
627.8

Germany
114.0

 
106.3

 
334.2

 
307.1

All other foreign business units
57.4

 
55.8

 
160.0

 
174.8

Total
$
395.9

 
$
371.0

 
$
1,147.3

 
$
1,109.7

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

 
 

Process Equipment Group
$
1,728.7

 
$
1,694.6

Batesville
201.0

 
211.8

Corporate
24.4

 
53.3

Total
$
1,954.1

 
$
1,959.7

 
 
 
 
Tangible long-lived assets, net
 

 
 

United States
$
83.5

 
$
89.5

Germany
36.9

 
35.8

All other foreign business units
27.2

 
27.2

Total
$
147.6

 
$
152.5



The following schedule reconciles segment adjusted EBITDA to consolidated net income.
 
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
 
2017
 
2016
 
2017
 
2016
Adjusted EBITDA:
 
 
 
 
 
 
 
Process Equipment Group
$
50.3

 
$
41.8

 
$
120.3

 
$
109.8

Batesville
33.5

 
34.6

 
107.2

 
109.5

Corporate
(11.5
)
 
(9.3
)
 
(28.5
)
 
(26.6
)
Less:
 

 
 

 
 

 
 

Interest income
(0.2
)
 
(0.3
)
 
(0.5
)
 
(0.8
)
Interest expense
6.5

 
6.6

 
18.9

 
18.9

Income tax expense
16.6

 
10.9

 
38.2

 
31.9

Depreciation and amortization
13.5

 
14.3

 
42.1

 
46.2

Business acquisition and integration
0.4

 
0.7

 
1.0

 
3.5

Inventory step-up
—

 
(0.1
)
 
—

 
2.4

Restructuring and restructuring related
0.9

 
1.5

 
8.8

 
8.9

Trade name impairment
—

 
2.2

 
—

 
2.2

Consolidated net income
$
34.6

 
$
31.3

 
$
90.5

 
$
79.5