Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.3.0.15
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Sep. 30, 2011
Summary of Significant Accounting Policies  
Schedule of inventories

 

 

 

September 30,

 

 

 

2011

 

2010

 

Raw materials and components

 

$

36.0

 

$

26.6

 

Work in process

 

10.8

 

6.7

 

Finished goods

 

36.9

 

31.6

 

Total inventories

 

$

83.7

 

64.9

 
Schedule of estimated useful lives of property

 

 

 

September 30, 2011

 

September 30, 2010

 

 

 

Cost

 

Accumulated
Depreciation

 

Cost

 

Accumulated
Depreciation

 

Land and land improvements

 

$

14.5

 

$

(3.5

)

$

14.2

 

$

(3.6

)

Buildings and building equipment

 

104.3

 

(57.0

)

89.0

 

(49.6

)

Machinery and equipment

 

258.0

 

(195.7

)

246.1

 

(186.5

)

Total

 

$

376.8

 

$

(256.2

)

$

349.3

 

$

(239.7

)
Changes in the carrying amount of goodwill

 

 

 

Batesville

 

Process
Equipment
Group

 

Total

 

 

 

 

 

 

 

 

 

Balance September 30, 2009

 

$

5.7

 

$

—

 

$

5.7

 

Acquisitions

 

—

 

185.8

 

185.8

 

Foreign currency adjustments

 

—

 

0.1

 

0.1

 

Balance September 30, 2010

 

5.7

 

185.9

 

191.6

 

Acquisitions

 

—

 

102.7

 

102.7

 

Adjustments

 

—

 

(0.4

)

(0.4

)

Foreign currency adjustments

 

—

 

6.1

 

6.1

 

Balance September 30, 2011

 

$

5.7

 

$

294.3

 

$

300.0

 
Schedule of intangible assets and related amortization

 

 

 

September 30, 2011

 

September 30, 2010

 

 

 

Cost

 

Accumulated
Amortization

 

Cost

 

Accumulated
Amortization

 

Finite assets:

 

 

 

 

 

 

 

 

 

Trade names

 

$

6.1

 

$

(5.0

)

$

5.9

 

$

(4.4

)

Customer relationships

 

242.0

 

(13.8

)

156.7

 

(5.0

)

Technology, including patents

 

24.7

 

(5.0

)

16.5

 

(1.7

)

Software

 

31.0

 

(26.6

)

30.9

 

(23.1

)

Other

 

3.8

 

(1.0

)

2.0

 

(1.8

)

 

 

307.6

 

(51.4

)

212.0

 

(36.0

)

Indefinite-lived assets:

 

 

 

 

 

 

 

 

 

Trade names

 

76.6

 

—

 

50.6

 

—

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

384.2

 

$

(51.4

)

$

262.6

 

$

(36.0

)
Schedule of activity related to the ARS and Put right

 

 

 

ARS

 

Put

 

 

 

(Gain)

 

 

 

A

 

B

 

Right

 

AOCL(C)

 

Loss(D)

 

Balance at September 30, 2009

 

$

18.8

 

$

28.4

 

$

1.7

 

$

1.5

 

 

 

Change in fair value

 

(1.6

)

1.7

 

(1.7

)

(1.5

)

$

3.1

 

Sales or redemptions

 

(5.3

)

(30.1

)

—

 

—

 

—

 

Balance at September  30, 2010

 

11.9

 

$

—

 

$

—

 

—

 

$

3.1

 

Change in fair value

 

0.5

 

 

 

 

 

(0.5

)

$

—

 

Sales or redemptions

 

(12.4

)

 

 

 

 

0.5

 

 

(0.5

)

Balance at September  30, 2011

 

$

—

 

 

 

 

 

$

—

 

$

(0.5

)

 

(A) — ARS — available-for-sale

(B) — ARS — trading

(C) — Amount included in accumulated other comprehensive loss (pre-tax)

(D) — Amount included in investment income (loss) and other (pre-tax)
Components of accumulated other comprehensive loss

 

 

 

 

September 30,

 

 

 

2011

 

2010

 

Cumulative currency translation adjustments

 

$

20.4

 

$

9.1

 

Pension and postretirement, net of tax

 

(60.5

)

(52.0

)

Unrealized gain (loss) on derivative instruments, net of tax

 

0.2

 

(0.1

)

Unrealized gain on available for sale securities, net of tax

 

0.4

 

—

 

Total

 

$

(39.5

)

$

(43.0

)