Annual report pursuant to Section 13 and 15(d)

Segment and Geographical Information

v2.4.0.6
Segment and Geographical Information
12 Months Ended
Sep. 30, 2012
Segment and Geographical Information  
Segment and Geographical Information

14.             Segment and Geographical Information

 

We conduct our operations through two reportable business segments: the Process Equipment Group and Batesville.  These reporting segments are determined on the basis of how we internally report and evaluate financial information used to make operating decisions and evaluate results.

 

We record the direct costs of business operations to the applicable reporting segment, including stock-based compensation, asset impairments, restructuring activities, and business acquisition costs.  Corporate provides management and administrative services to each reporting segment.  These services include treasury management, human resources, legal, business development, and other public company support functions such as internal audit, investor relations, financial reporting, and tax compliance.  With limited exception for certain professional services and technology costs, we generally do not allocate these types of expenses to reporting segments.

 

 

 

September 30,

 

 

 

2012

 

2011

 

2010

 

Net revenue

 

 

 

 

 

 

 

Process Equipment Group

 

$

376.4

 

$

245.9

 

$

108.9

 

Batesville

 

606.8

 

637.5

 

640.3

 

Total net revenue

 

$

983.2

 

$

883.4

 

$

749.2

 

 

 

 

 

 

 

 

 

EBITDA

 

 

 

 

 

 

 

Process Equipment Group

 

$

76.0

 

$

50.2

 

$

11.7

 

Batesville

 

142.6

 

178.1

 

191.7

 

Corporate

 

(31.4

)

(30.8

)

(37.6

)

Total EBITDA

 

$

187.2

 

$

197.5

 

$

165.8

 

 

 

 

 

 

 

 

 

Net revenue(1)

 

 

 

 

 

 

 

United States

 

$

817.5

 

$

741.2

 

$

662.6

 

Canada

 

46.0

 

50.2

 

42.2

 

Switzerland

 

76.6

 

73.0

 

34.6

 

All other foreign business units

 

43.1

 

19.0

 

9.8

 

Total revenue

 

$

983.2

 

$

883.4

 

$

749.2

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

 

 

 

 

 

 

Process Equipment Group

 

$

23.3

 

$

17.5

 

$

9.7

 

Batesville

 

16.6

 

17.8

 

17.6

 

Corporate

 

0.5

 

0.8

 

0.9

 

Total depreciation and amortization

 

$

40.4

 

$

36.1

 

$

28.2

 

 

 

(1) We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.

 

 

 

September 30,

 

 

 

2012

 

2011

 

Total assets assigned

 

 

 

 

 

Process Equipment Group

 

$

769.7

 

$

847.8

 

Batesville

 

236.2

 

246.5

 

Corporate

 

81.6

 

86.4

 

Total assets

 

$

1,087.5

 

$

1,180.7

 

 

 

 

 

 

 

Tangible long-lived assets

 

 

 

 

 

United States

 

$

100.4

 

$

104.1

 

Switzerland

 

10.7

 

11.0

 

All other foreign business units

 

6.8

 

5.5

 

Tangible long-lived assets, net

 

$

117.9

 

$

120.6

 

 

The following schedule reconciles total segment EBITDA to consolidated net income.

 

 

 

Fiscal Year Ended September 30,

 

 

 

2012

 

2011

 

2010

 

Net income

 

$

104.8

 

$

106.1

 

$

92.3

 

Interest income

 

(0.5

)

(7.4

)

(13.0

)

Interest expense

 

12.4

 

11.0

 

4.2

 

Income tax expense

 

30.1

 

51.7

 

54.1

 

Depreciation and amortization

 

40.4

 

36.1

 

28.2

 

EBITDA

 

$

187.2

 

$

197.5

 

$

165.8