Annual report pursuant to Section 13 and 15(d)

Other (Expense) Income, Net

v3.5.0.2
Other (Expense) Income, Net
 12 Months Ended
Sep. 30, 2016
Other Nonoperating Income (Expense) [Abstract]  
Other (Expense) Income, Net
Other (Expense) Income, Net
 
 
Year Ended September 30,
 
2016
 
2015
 
2014
Equity in net income (loss) of affiliates
$
0.3

 
$
(2.1
)
 
$
2.8

Foreign currency exchange gain (loss), net
0.3

 
(4.4
)
 
(1.5
)
Gain on exercise of warrants
—

 
—

 
5.2

Service cancellation agreement
—

 
—

 
2.5

Other, net
(2.3
)
 
(1.4
)
 
(0.3
)
Other (expense) income, net
$
(1.7
)
 
$
(7.9
)
 
$
8.7


 
In the spin-off from our former parent, we acquired warrants to purchase the common stock of Forethought Financial Group, Inc. (“Forethought”).  Forethought was acquired by a third-party during 2014.  In connection with that acquisition, these warrants were exercised for $6.2, resulting in a gain of $5.2.
 
We recognized a $2.5 gain related to the cancellation of a service agreement at Batesville during 2014.