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Business Segment Information
9 Months Ended
Sep. 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 September 30,

 

Nine Months Ended September 30,

 

 

 

2015

 

2014

 

2015

 

2014

 

Revenue:

 

 

 

 

 

 

 

 

 

BSI

 

$

366.6

 

$

383.4

 

$

1,060.3

 

$

1,198.8

 

BEST

 

32.9

 

40.0

 

91.2

 

116.2

 

Eliminations (a)

 

(3.4

)

(3.6

)

(5.9

)

(14.1

)

 

 

 

 

 

 

 

 

 

 

Total revenue

 

$

396.1

 

$

419.8

 

$

1,145.6

 

$

1,300.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

BSI

 

$

25.8

 

$

0.8

 

$

68.2

 

$

48.5

 

BEST

 

2.5

 

3.9

 

6.1

 

11.1

 

Corporate, eliminations and other (b)

 

(0.1

)

0.2

 

0.7

 

1.3

 

 

 

 

 

 

 

 

 

 

 

Total operating income

 

$

28.2

 

$

4.9

 

$

75.0

 

$

60.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(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):

 

 

 

September 30,

 

December 31,

 

 

 

2015

 

2014

 

Assets:

 

 

 

 

 

BSI

 

$

1,821.2

 

$

1,827.7

 

BEST

 

85.2

 

101.2

 

Eliminations and other (a)

 

(63.5

)

(64.1

)

 

 

 

 

 

 

Total assets

 

$

1,842.9

 

$

1,864.8

 

 

 

 

 

 

 

 

 

 

 

(a)

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