Business Segment Information

12 Months Ended

Dec. 31, 2015

Business Segment Information

Business Segment Information

Note 19—Business Segment Information

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

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

	2015			2014			2013
Revenue:
BSI	$	1,499.2		$	1,674.6		$	1,709.5
BEST		133.7			152.9			147.4
Eliminations (a)		(9.1	)		(18.6	)		(17.5	)
Total revenue	$	1,623.8		$	1,808.9		$	1,839.4
Operating Income (Loss):
BSI	$	133.2		$	99.8		$	138.9
BEST		11.5			3.4			9.5
Corporate, eliminations and other (b)		1.0			2.2			(0.2	)
Total operating income	$	145.7		$	105.4		$	148.2

(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 charge of $4.6 million for the year ended December 31, 2015 within the BSI Segment. The Company recorded an impairment charge of $11.5 million for the year ended December 31, 2014, of which $6.4 million was within the BSI Segment and $5.1 million within the BEST Segment. Please see Note 7—Property, Plant and Equipment, net and Note 8—Goodwill and Other Intangible Assets, for description of impairment charges recorded in 2015 and 2014. These impairment charges are included within "Impairment of assets" in the accompanying consolidated statements of income and comprehensive income (loss).

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

	2015			2014
Assets:
BSI	$	1,715.3		$	1,827.7
BEST		79.1			101.2
Eliminations and other (a)		(63.5	)		(64.1	)
Total assets	$	1,730.9		$	1,864.8

(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):

	2015		2014		2013
Capital Expenditures:
BSI	$	30.1	$	31.5	$	44.9
BEST		4.1		2.3		5.4
Total capital expenditures	$	34.2	$	33.8	$	50.3
Depreciation and Amortization:
BSI	$	50.5	$	55.1	$	56.4
BEST		2.8		4.6		4.9
Total depreciation and amortization	$	53.3	$	59.7	$	61.3

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

	2015		2014		2013
Revenue:
United States	$	380.4	$	387.6	$	359.7
Germany		198.9		215.1		188.9
Rest of Europe		479.6		522.9		583.7
Asia Pacific		414.9		495.5		529.1
Other		150.0		187.8		178.0
Total revenue	$	1,623.8	$	1,808.9	$	1,839.4

	2015		2014
Property, plant and equipment, net:
United States	$	43.2	$	45.9
Germany		125.9		143.8
Rest of Europe		54.7		53.6
Asia Pacific		4.2		4.7
Other		3.1		1.9
Total property, plant and equipment, net	$	231.1	$	249.9