Business Segment Information

12 Months Ended

Dec. 31, 2017

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):

	2017			2016			2015
Revenue:
BSI	$	1,583.9		$	1,492.6		$	1,499.2
BEST		191.2			130.2			133.7
Eliminations (a)		(9.2	)		(11.5	)		(9.1	)
Total revenue	$	1,765.9		$	1,611.3		$	1,623.8
Operating Income:
BSI	$	208.6		$	168.9		$	133.2
BEST		7.4			6.6			11.5
Corporate, eliminations and other (b)		(1.3	)		1.7			1.0
Total operating income	$	214.7		$	177.2		$	145.7

(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 $1.1 million, $0.8 million and $4.6 million for the years ended December 31, 2017, 2016 and 2015, respectively, within the BSI and BEST Segments. Please see Note 7—Property, Plant and Equipment, net and Note 8—Goodwill and Other Intangible Assets, for description of impairment charges recorded in 2017, 2016 and 2015. These impairment charges are included within other charges, net in the accompanying consolidated statements of income and comprehensive income.

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

	2017			2016
Assets:
BSI	$	1,917.8		$	1,779.8
BEST		35.6			36.0
Eliminations and other (a)		(4.9	)		(7.4	)
Total assets	$	1,948.5		$	1,808.4

(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):

	2017		2016		2015
Capital Expenditures:
BSI	$	38.5	$	34.6	$	30.1
BEST		5.2		2.5		4.1
Total capital expenditures	$	43.7	$	37.1	$	34.2
Depreciation and Amortization:
BSI	$	59.8	$	51.3	$	50.5
BEST		4.1		3.0		2.8
Total depreciation and amortization	$	63.9	$	54.3	$	53.3

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

	2017		2016		2015
Revenue:
United States	$	434.7	$	428.2	$	380.4
Germany		200.2		189.5		198.9
Rest of Europe		465.0		393.4		479.6
Asia Pacific		514.8		458.1		414.9
Other		151.2		142.1		150.0
Total revenue	$	1,765.9	$	1,611.3	$	1,623.8

	2017		2016
Property, plant and equipment, net:
United States	$	46.2	$	46.4
Germany		140.9		122.5
Rest of Europe		71.9		63.3
Asia Pacific		5.4		4.4
Other		2.1		2.5
Total property, plant and equipment, net	$	266.5	$	239.1