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Business Segment Information
12 Months Ended
Dec. 31, 2018
Business Segment Information  
Business Segment Information

Note 20—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):

 

 

 

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

2016

Revenue:

 

 

 

 

 

 

 

 

 

BSI

 

$

1,707.0

 

$

1,583.9

 

$

1,492.6

BEST

 

 

194.8

 

 

191.2

 

 

130.2

Eliminations (a)

 

 

(6.2)

 

 

(9.2)

 

 

(11.5)

Total revenue

 

$

1,895.6

 

$

1,765.9

 

$

1,611.3

Operating Income:

 

 

 

 

 

 

 

 

 

BSI

 

$

247.9

 

$

213.4

 

$

173.5

BEST

 

 

14.5

 

 

7.4

 

 

6.6

Corporate, eliminations and other (b)

 

 

 —

 

 

(1.3)

 

 

1.7

Total operating income

 

$

262.4

 

$

219.5

 

$

181.8


(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 $0.6 million, $1.1 million and $0.8 million for the years ended December 31, 2018, 2017 and 2016, respectively, within the BSI and BEST Segments. Please see Note 8—Property, Plant and Equipment, net and Note 9—Goodwill and Other Intangible Assets, for description of impairment charges recorded in 2018, 2017 and 2016. These impairment charges are included within cost of revenue for the year ended December 31, 2018 and other charges, net for the years ended December 31, 2017 and 2016 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):

 

 

 

 

 

 

 

 

 

    

2018

 

2017

Assets:

 

 

 

 

 

 

BSI

 

$

2,100.6

 

$

1,917.8

BEST

 

 

33.2

 

 

35.6

Eliminations and other (a)

 

 

(5.2)

 

 

(4.9)

Total assets

 

$

2,128.6

 

$

1,948.5


(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):

 

 

 

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

2016

Capital Expenditures:

 

 

 

 

 

 

 

 

 

BSI

 

$

42.8

 

$

38.5

 

$

34.6

BEST

 

 

6.4

 

 

5.2

 

 

2.5

Total capital expenditures

 

$

49.2

 

$

43.7

 

$

37.1

Depreciation and Amortization:

 

 

 

 

 

 

 

 

 

BSI

 

$

60.2

 

$

59.8

 

$

51.3

BEST

 

 

4.7

 

 

4.1

 

 

3.0

Total depreciation and amortization

 

$

64.9

 

$

63.9

 

$

54.3

 

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

 

 

 

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

2016

Revenue:

 

 

 

 

 

 

 

 

 

United States

 

$

489.4

 

$

434.7

 

$

428.2

Germany

 

 

201.1

 

 

200.2

 

 

189.5

Rest of Europe

 

 

500.2

 

 

465.0

 

 

393.4

Asia Pacific

 

 

549.2

 

 

514.8

 

 

458.1

Other

 

 

155.7

 

 

151.2

 

 

142.1

Total revenue

 

$

1,895.6

 

$

1,765.9

 

$

1,611.3

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

2016

Property, plant and equipment, net:

 

 

 

 

 

 

 

 

 

United States

 

$

44.1

 

$

46.2

 

$

46.4

Germany

 

 

137.0

 

 

140.9

 

 

122.5

Rest of Europe

 

 

78.7

 

 

71.9

 

 

63.3

Asia Pacific

 

 

6.3

 

 

5.4

 

 

4.4

Other

 

 

4.5

 

 

2.1

 

 

2.5

Total property, plant and equipment, net

 

$

270.6

 

$

266.5

 

$

239.1