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Segment and Geographical Information (Tables)
12 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
 
Year Ended September 30,
 
2017
 
2016
 
2015
Net revenue
 

 
 

 
 

Process Equipment Group
$
1,028.2

 
$
964.7

 
$
992.8

Batesville
562.0

 
573.7

 
604.0

Total net revenue
$
1,590.2

 
$
1,538.4

 
$
1,596.8

 
 
 
 
 
 
Adjusted EBITDA
 
 
 

 
 

Process Equipment Group
$
177.7

 
$
160.9

 
$
160.5

Batesville
141.9

 
143.5

 
145.5

Corporate
(38.6
)
 
(37.3
)
 
(37.3
)
 
 
 
 
 
 
Net revenue(1) (2)
 
 
 

 
 

United States
$
896.1

 
$
857.0

 
$
915.0

Germany
425.6

 
403.0

 
420.7

All other foreign business units
268.5

 
278.4

 
261.1

Total revenue
$
1,590.2

 
$
1,538.4

 
$
1,596.8

 
 
 
 
 
 
Depreciation and amortization
 

 
 

 
 

Process Equipment Group
$
41.3

 
$
45.2

 
$
37.2

Batesville
13.8

 
14.1

 
15.8

Corporate
1.5

 
1.1

 
1.3

Total depreciation and amortization
$
56.6

 
$
60.4

 
$
54.3

 
 
(1) We attribute revenue to a geography based upon the location of the business unit that consummates the external sale.
(2) In 2017, the Company corrected its disclosure of net revenue by geography. The effect of this adjustment for the year ended September 30, 2016 was to decrease Germany net revenue by $79.7, from $482.7 as previously disclosed to $403.0 and to increase the All other foreign business units net revenue by $79.7, from $198.7 as previously disclosed to $278.4. The effect for the year ended September 30, 2015 was to decrease Germany net revenue by $56.6, from $477.3 as previously disclosed to $420.7 and to increase the All other foreign business units net revenue by $56.6, from $204.5 as previously disclosed to $261.1. Management performed an assessment of the materiality of this correction and concluded that the net revenue by geography as originally disclosed was not material to previously issued financial statements.
Schedule of Assets from Segment and Long Lived Assets by Geographical Area
 
September 30,
 
2017
 
2016
Total assets assigned
 

 
 

Process Equipment Group
$
1,722.2

 
$
1,694.6

Batesville
203.4

 
211.8

Corporate
30.9

 
53.3

Total assets
$
1,956.5

 
$
1,959.7

 
 
 
 
Tangible long-lived assets, net
 
 
 

United States
$
84.4

 
$
89.5

Germany
39.0

 
35.8

All other foreign business units
27.0

 
27.2

Tangible long-lived assets, net
$
150.4

 
$
152.5

Reconciliation of Adjusted Earnings before Interest, Tax, Depreciation and Amortization from Segments to Consolidated
The following schedule reconciles segment adjusted EBITDA to consolidated net income.
 
 
Year Ended September 30,
 
2017
 
2016
 
2015
Adjusted EBITDA:
 

 
 

 
 

Process Equipment Group
$
177.7

 
$
160.9

 
$
160.5

Batesville
141.9

 
143.5

 
145.5

Corporate
(38.6
)
 
(37.3
)
 
(37.3
)
Less:
 

 
 

 
 

Interest income
(0.9
)
 
(1.2
)
 
(1.0
)
Interest expense
25.2

 
25.3

 
23.8

Income tax expense
59.9

 
47.3

 
49.1

Depreciation and amortization
56.6

 
60.4

 
54.3

Business acquisition costs
1.1

 
3.7

 
3.6

Inventory step-up

 
2.4

 

Restructuring and restructuring related
10.7

 
10.2

 
7.5

Litigation

 

 
0.5

Pension settlement charge

 

 
17.7

Trade name impairment

 
2.2

 

Consolidated net income
$
128.4

 
$
116.8

 
$
113.2