Business Segment Information

12 Months Ended

Dec. 31, 2013

Business Segment Information

Business Segment Information

Note 20—Business Segment Information

        The Company has two reporting segments, BSI and BEST, as discussed in Footnote 1 to the consolidated financial statements.

        Selected business segment information is presented below for the years ended December 31, (in millions):

	2013			2012			2011
Revenue:
BSI	$	1,709.5		$	1,666.1		$	1,554.1
BEST		147.4			136.2			113.4
Eliminations (a)		(17.5	)		(10.9	)		(15.8	)
Total revenue	$	1,839.4		$	1,791.4		$	1,651.7
Operating Income (Loss):
BSI	$	138.9		$	140.8		$	162.8
BEST		9.5			12.8			(4.1	)
Corporate, eliminations and other (b)		(0.2	)		2.4			(3.1	)
Total operating income	$	148.2		$	156.0		$	155.6

(a)

Represents product and service revenue between reportable segments.

(b)

Represents corporate costs and eliminations not allocated to the reportable segments.

        The Company recorded an impairment of assets within the BSI segment of $22.6 million for the year ended December 31, 2012, comprising goodwill and definite-lived intangible asset impairment charges of $1.4 million and $16.4 million, respectively, in our CAM division as a result of increased deterioration in its financial performance, and an impairment charge of $4.8 million of other long-lived assets to reduce the carrying value to their estimated fair value. The Company recorded an impairment of assets of $1.2 million within the BEST segment for the year ended December 31, 2012 to reduce the carrying value of certain tangible long-lived assets to their estimated fair value.

        Total assets by segment as of and for the years ended December 31, are as follows (in millions):

	2013			2012
Assets:
BSI	$	1,925.3		$	1,786.2
BEST		146.5			134.4
Eliminations and other (a)		(83.5	)		(64.2	)
Total assets	$	1,988.3		$	1,856.4

(a)

Assets not allocated to the reportable segments and eliminations of intercompany transactions.

        Total capital expenditures and depreciation and amortization by segment are presented below for the years ended December 31, (in millions):

	2013		2012		2011
Capital Expenditures:
BSI	$	44.9	$	60.1	$	52.3
BEST		5.4		12.7		9.3
Total capital expenditures	$	50.3	$	72.8	$	61.6
Depreciation and Amortization:
BSI	$	56.4	$	54.6	$	49.1
BEST		4.9		4.5		3.8
Total depreciation and amortization	$	61.3	$	59.1	$	52.9

        Revenue and property, plant and equipment by geographical area as of and for the year ended December 31, are as follows (in millions):

	2013		2012		2011
Revenue:
United States	$	359.7	$	377.2	$	309.2
Germany		188.9		174.8		195.3
Rest of Europe		583.7		531.3		490.2
Asia Pacific		529.1		525.7		503.6
Other		178.0		182.4		153.4
Total revenue	$	1,839.4	$	1,791.4	$	1,651.7

	2013		2012
Property, plant and equipment:
United States	$	53.8	$	53.7
Germany		175.0		155.3
Rest of Europe		62.7		63.5
Asia Pacific		5.8		6.0
Other		2.2		5.1
Total property, plant and equipment, net	$	299.5	$	283.6