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Business Segment Information
6 Months Ended
Jun. 30, 2015
Business Segment Information  
Business Segment Information

 

15.Business Segment Information

 

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

 

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

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Revenue:

 

 

 

 

 

 

 

 

 

BSI

 

$

366.2

 

$

421.5

 

$

693.7

 

$

815.4

 

BEST

 

30.8

 

41.4

 

58.3

 

76.2

 

Eliminations (a)

 

(1.0

)

(5.5

)

(2.5

)

(10.5

)

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

396.0

 

$

457.4

 

$

749.5

 

$

881.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

BSI

 

$

28.7

 

$

31.2

 

$

42.4

 

$

47.7

 

BEST

 

2.6

 

4.4

 

3.6

 

7.2

 

Corporate, eliminations and other (b)

 

0.3

 

(0.2

)

0.8

 

1.1

 

 

 

 

 

 

 

 

 

 

 

Total operating income

 

$

31.6

 

$

35.4

 

$

46.8

 

$

56.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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):

 

 

 

June 30,

 

December 31,

 

 

 

2015

 

2014

 

Assets:

 

 

 

 

 

BSI

 

$

1,792.1

 

$

1,827.7

 

BEST

 

88.9

 

101.2

 

Eliminations and other (a)

 

(60.6

)

(64.1

)

 

 

 

 

 

 

Total assets

 

$

1,820.4

 

$

1,864.8

 

 

 

 

 

 

 

 

 

 

(a)

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