Business Segment Information

9 Months Ended

Sep. 30, 2016

Business Segment Information

Business Segment Information

15.Business Segment Information

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

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Revenue:
BSI	$	361.5		$	366.6		$	1,057.6		$	1,060.3
BEST	35.5			32.9			91.2			91.2
Eliminations (a)	(3.1		)	(3.4		)	(7.8		)	(5.9		)
Total revenue	$	393.9		$	396.1		$	1,141.0		$	1,145.6
Operating Income
BSI	$	43.3		$	25.8		$	95.3		$	68.2
BEST	2.7			2.5			4.1			6.1
Corporate, eliminations and other (b)	(0.1		)	(0.1		)	0.9			0.7
Total operating income	$	45.9		$	28.2		$	100.3		$	75.0

(a) Represents product and service revenue between reportable segments.

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

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

	September 30,			December 31,
	2016			2015
Assets:
BSI	$	1,780.6		$	1,714.4
BEST	21.5			79.1
Eliminations and other (a)	(4.2		)	(63.5		)
Total assets	$	1,797.9		$	1,730.0

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