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Business Segment Information
3 Months Ended
Mar. 31, 2015
Business Segment Information  
Business Segment Information

 

 

15.Business Segment Information

 

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

 

Revenue and operating income by reporting segment are presented below (in millions):

 

 

 

Three Months Ended March 31,

 

 

 

2015

 

2014

 

Revenue:

 

 

 

 

 

BSI

 

$

327.5

 

$

393.9

 

BEST

 

27.5

 

34.8

 

Eliminations (a) 

 

(1.5

)

(5.0

)

Total revenue

 

$

353.5

 

$

423.7

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

BSI

 

$

13.7

 

$

16.6

 

BEST

 

1.0

 

2.8

 

Corporate, eliminations and other (b) 

 

0.5

 

1.2

 

Total operating income

 

$

15.2

 

$

20.6

 

 

(a)

Represents product and service revenue between reportable segments.

(b)

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

 

Total assets by reporting segment are as follows (in millions):

 

 

 

March 31,

 

December 31,

 

 

 

2015

 

2014

 

Assets:

 

 

 

 

 

BSI

 

$

1,744.2

 

$

1,827.7

 

BEST

 

88.5

 

101.2

 

Eliminations and other (a) 

 

(60.0

)

(64.1

)

Total assets

 

$

1,772.7

 

$

1,864.8

 

 

(a)

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