Quarterly report pursuant to Section 13 or 15(d)

Segment and Geographical Information

v3.8.0.1
Segment and Geographical Information
3 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment and Geographical Information
Segment and Geographical Information
 
 
Three Months Ended December 31,
 
2017
 
2016
Net revenue
 

 
 

Process Equipment Group
$
264.3

 
$
221.6

Batesville
132.9

 
134.5

Total
$
397.2

 
$
356.1

 
 
 
 
Adjusted EBITDA
 

 
 

Process Equipment Group
$
45.6

 
$
32.7

Batesville
27.9

 
31.0

Corporate
(8.3
)
 
(7.3
)
 
 
 
 
Net revenue (1)(2)
 

 
 

United States
$
218.8

 
$
201.3

Germany
110.4

 
94.6

All other foreign business units
68.0

 
60.2

Total
$
397.2

 
$
356.1

 
(1) We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
(2) In 2017, the Company corrected its disclosure of net revenue by geography. The effect of this adjustment for the three months ended December 31, 2016 was to decrease Germany net revenue by $9.8, from $104.4 as previously disclosed, to $94.6, and to increase the All other foreign business units net revenue by the same amount, from $50.4 as previously disclosed, to $60.2. Management performed an assessment of the materiality of this correction and concluded that the net revenue by geography as originally disclosed was not material to previously issued financial statements.
 
 
December 31,
2017
 
September 30,
2017
Total assets assigned
 

 
 

Process Equipment Group
$
1,776.4

 
$
1,722.2

Batesville
198.7

 
203.4

Corporate
34.0

 
30.9

Total
$
2,009.1

 
$
1,956.5

 
 
 
 
Tangible long-lived assets, net
 

 
 

United States
$
80.5

 
$
84.4

Germany
39.0

 
39.0

All other foreign business units
26.1

 
27.0

Total
$
145.6

 
$
150.4



The following schedule reconciles segment adjusted EBITDA to consolidated net income.
 
 
Three Months Ended
December 31,
 
2017
 
2016
Adjusted EBITDA:
 
 
 
Process Equipment Group
$
45.6

 
$
32.7

Batesville
27.9

 
31.0

Corporate
(8.3
)
 
(7.3
)
Less:
 

 
 

Interest income
(0.5
)
 
(0.2
)
Interest expense
6.3

 
6.1

Income tax expense
23.7

 
6.7

Depreciation and amortization
13.8

 
15.0

Business acquisition, development, and integration
2.3

 
0.3

Restructuring and restructuring related
0.5

 
6.6

Consolidated net income
$
19.1

 
$
21.9