Business Segment Information

12 Months Ended

Dec. 31, 2016

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):

	2016			2015			2014
Revenue:
BSI	$	1,492.6		$	1,499.2		$	1,674.6
BEST		130.2			133.7			152.9
Eliminations (a)		(11.5	)		(9.1	)		(18.6	)
Total revenue	$	1,611.3		$	1,623.8		$	1,808.9
Operating Income (Loss):
BSI	$	168.9		$	133.2		$	99.8
BEST		6.6			11.5			3.4
Corporate, eliminations and other (b)		1.7			1.0			2.2
Total operating income	$	177.2		$	145.7		$	105.4

(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 $0.8 million and $4.6 million for the years ended December 31, 2016 and 2015, respectively, 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 2016, 2015 and 2014. These impairment charges are included within other charges, net 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):

	2016			2015
Assets:
BSI	$	1,779.8		$	1,714.4
BEST		36.0			79.1
Eliminations and other (a)		(7.4	)		(63.5	)
Total assets	$	1,808.4		$	1,730.0

(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):

	2016		2015		2014
Capital Expenditures:
BSI	$	34.6	$	30.1	$	31.5
BEST		2.5		4.1		2.3
Total capital expenditures	$	37.1	$	34.2	$	33.8
Depreciation and Amortization:
BSI	$	51.3	$	50.5	$	55.1
BEST		3.0		2.8		4.6
Total depreciation and amortization	$	54.3	$	53.3	$	59.7

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

	2016		2015		2014
Revenue:
United States	$	428.2	$	380.4	$	387.6
Germany		189.5		198.9		215.1
Rest of Europe		393.4		479.6		522.9
Asia Pacific		458.1		414.9		495.5
Other		142.1		150.0		187.8
Total revenue	$	1,611.3	$	1,623.8	$	1,808.9

	2016		2015
Property, plant and equipment, net:
United States	$	46.4	$	43.2
Germany		122.5		125.9
Rest of Europe		63.3		54.7
Asia Pacific		4.4		4.2
Other		2.5		3.1
Total property, plant and equipment, net	$	239.1	$	231.1