XML 46 R47.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)
 12 Months Ended
Sep. 30, 2015
Consolidating Guarantor And Non Guarantor Financial Information [Abstract]  
Condensed Balance Sheet
 
Parent
Company
 
Guarantor
Companies
 
Non-Guarantor
Companies
 
Elimination
 
Consolidation
CURRENT ASSETS
 

 
 

 
 

 
 

 
 

Cash and equivalents
$
2,440

 
$
10,671

 
$
38,890

 
$
—

 
$
52,001

Accounts receivable, net of allowances
—

 
178,830

 
61,772

 
(21,847
)
 
218,755

Contract costs and recognized income not yet billed, net of progress payments
—

 
103,879

 
16

 
—

 
103,895

Inventories, net
—

 
257,929

 
67,880

 
—

 
325,809

Prepaid and other current assets
23,493

 
27,584

 
12,488

 
(8,479
)
 
55,086

Assets of discontinued operations
—

 
—

 
1,316

 
—

 
1,316

Total Current Assets
25,933

 
578,893

 
182,362

 
(30,326
)
 
756,862

PROPERTY, PLANT AND EQUIPMENT, net
1,108

 
286,854

 
92,010

 
—

 
379,972

GOODWILL
—

 
284,875

 
71,366

 
—

 
356,241

INTANGIBLE ASSETS, net
—

 
152,412

 
61,425

 
—

 
213,837

INTERCOMPANY RECEIVABLE
542,297

 
904,840

 
263,480

 
(1,710,617
)
 
—

EQUITY INVESTMENTS IN SUBSIDIARIES
745,262

 
644,577

 
1,740,889

 
(3,130,728
)
 
—

OTHER ASSETS
41,774

 
30,203

 
9,959

 
(59,590
)
 
22,346

ASSETS OF DISCONTINUED OPERATIONS
—

 
—

 
2,175

 
—

 
2,175

Total Assets
$
1,356,374

 
$
2,882,654

 
$
2,423,666

 
$
(4,931,261
)
 
$
1,731,433

 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 

 
 

 
 

 
 

 
 

Notes payable and current portion of long-term debt
$
2,202

 
$
3,842

 
$
10,549

 
$
—

 
$
16,593

Accounts payable and accrued liabilities
30,158

 
222,758

 
72,843

 
(20,951
)
 
304,808

Liabilities of discontinued operations
—

 
—

 
2,229

 
—

 
2,229

Total Current Liabilities
32,360

 
226,600

 
85,621

 
(20,951
)
 
323,630

LONG-TERM DEBT, net
752,839

 
17,116

 
57,021

 
—

 
826,976

INTERCOMPANY PAYABLES
76,477

 
831,345

 
775,120

 
(1,682,942
)
 
—

OTHER LIABILITIES
64,173

 
126,956

 
28,428

 
(72,634
)
 
146,923

LIABILITIES OF DISCONTINUED OPERATIONS
—

 
—

 
3,379

 
—

 
3,379

Total Liabilities
925,849

 
1,202,017

 
949,569

 
(1,776,527
)
 
1,300,908

SHAREHOLDERS’ EQUITY
430,525

 
1,680,637

 
1,474,097

 
(3,154,734
)
 
430,525

Total Liabilities and Shareholders’ Equity
$
1,356,374

 
$
2,882,654

 
$
2,423,666

 
$
(4,931,261
)
 
$
1,731,433


CONDENSED CONSOLIDATING BALANCE SHEETS
At September 30, 2014
 
 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
CURRENT ASSETS
 

 
 

 
 

 
 

 
 

Cash and equivalents
6,813

 
31,522

 
54,070

 
—

 
92,405

Accounts receivable, net of allowances
—

 
213,922

 
77,218

 
(32,704
)
 
258,436

Contract costs and recognized income not yet billed, net of progress payments
—

 
109,804

 
126

 
—

 
109,930

Inventories, net
—

 
219,326

 
70,537

 
272

 
290,135

Prepaid and other current assets
4,366

 
26,319

 
17,101

 
14,783

 
62,569

Assets of discontinued operations
—

 
—

 
1,624

 
—

 
1,624

Total Current Assets
11,179

 
600,893

 
220,676

 
(17,649
)
 
815,099

PROPERTY, PLANT AND EQUIPMENT, net
1,327

 
270,519

 
98,643

 
76

 
370,565

GOODWILL
—

 
283,692

 
90,419

 
—

 
374,111

INTANGIBLE ASSETS, net
—

 
156,772

 
76,851

 
—

 
233,623

INTERCOMPANY RECEIVABLE
540,080

 
892,433

 
213,733

 
(1,646,246
)
 
—

EQUITY INVESTMENTS IN SUBSIDIARIES
780,600

 
662,403

 
1,782,406

 
(3,225,409
)
 
—

OTHER ASSETS
27,880

 
53,896

 
6,739

 
(75,213
)
 
13,302

ASSETS OF DISCONTINUED OPERATIONS
—

 
—

 
2,126

 
—

 
2,126

Total Assets
1,361,066

 
2,920,608

 
2,491,593

 
(4,964,441
)
 
1,808,826

 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 

 
 

 
 

 
 

 
 

Notes payable and current portion of long-term debt
2,202

 
1,144

 
4,540

 
—

 
7,886

Accounts payable and accrued liabilities
25,703

 
226,236

 
91,132

 
(20,811
)
 
322,260

Liabilities of discontinued operations
—

 
—

 
3,282

 
—

 
3,282

Total Current Liabilities
27,905

 
227,380

 
98,954

 
(20,811
)
 
333,428

LONG-TERM DEBT, net
738,360

 
7,806

 
45,135

 
—

 
791,301

INTERCOMPANY PAYABLES
21,573

 
815,094

 
762,192

 
(1,598,859
)
 
—

OTHER LIABILITIES
41,201

 
151,674

 
26,949

 
(71,584
)
 
148,240

LIABILITIES OF DISCONTINUED OPERATIONS
—

 
—

 
3,830

 
—

 
3,830

Total Liabilities
829,039

 
1,201,954

 
937,060

 
(1,691,254
)
 
1,276,799

SHAREHOLDERS’ EQUITY
532,027

 
1,718,654

 
1,554,533

 
(3,273,187
)
 
532,027

Total Liabilities and Shareholders’ Equity
1,361,066

 
2,920,608

 
2,491,593

 
(4,964,441
)
 
1,808,826
Condensed Income Statement
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the Year Ended September 30, 2015

 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
Revenue
$
—

 
$
1,581,295

 
$
475,380

 
$
(40,643
)
 
$
2,016,032

Cost of goods and services
—

 
1,204,872

 
377,348

 
(41,966
)
 
1,540,254

Gross profit
—

 
376,423

 
98,032

 
1,323

 
475,778

 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
22,637

 
272,421

 
80,073

 
(370
)
 
374,761

Restructuring and other related charges
—

 
—

 
—

 
—

 
—

Total operating expenses
22,637

 
272,421

 
80,073

 
(370
)
 
374,761

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
(22,637
)
 
104,002

 
17,959

 
1,693

 
101,017

 
 
 
 
 
 
 
 
 
 
Other income (expense)
 

 
 

 
 

 
 

 
 

Interest income (expense), net
(8,741
)
 
(30,547
)
 
(8,584
)
 
—

 
(47,872
)
Other, net
438

 
10,521

 
(8,775
)
 
(1,693
)
 
491

Total other income (expense)
(8,303
)
 
(20,026
)
 
(17,359
)
 
(1,693
)
 
(47,381
)
 
 
 
 
 
 
 
 
 
 
Income (loss) before taxes
(30,940
)
 
83,976

 
600

 
—

 
53,636

Provision (benefit) for income taxes
(11,041
)
 
31,100

 
(712
)
 
—

 
19,347

Income (loss) before equity in net income of subsidiaries
(19,899
)
 
52,876

 
1,312

 
—

 
34,289

Equity in net income (loss) of subsidiaries
54,188

 
3,062

 
52,876

 
(110,126
)
 
—

Income (loss) from continuing operations
$
34,289

 
$
55,938

 
$
54,188

 
$
(110,126
)
 
$
34,289

Loss from operations of discontinued businesses
—

 
—

 
—

 
—

 
—

Benefit from income taxes
—

 
—

 
—

 
—

 
—

Loss from discontinued operations
—

 
—

 
—

 
—

 
—

Net income (loss)
$
34,289

 
$
55,938

 
$
54,188

 
$
(110,126
)
 
$
34,289

 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
(26,835
)
 
$
34,318

 
$
15,080

 
$
(49,398
)
 
$
(26,835
)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the Year Ended September 30, 2014
 
 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
Revenue
$
—

 
$
1,526,678

 
$
519,349

 
$
(54,216
)
 
$
1,991,811

Cost of goods and services
—

 
1,156,268

 
424,568

 
(48,424
)
 
1,532,412

Gross profit
—

 
370,410

 
94,781

 
(5,792
)
 
459,399

Selling, general and administrative expenses
24,084

 
281,930

 
75,551

 
(6,466
)
 
375,099

Restructuring and other related charges
—

 
4,234

 
1,902

 
—

 
6,136

Total operating expenses
24,084

 
286,164

 
77,453

 
(6,466
)
 
381,235

Income (loss) from operations
(24,084
)
 
84,246

 
17,328

 
674

 
78,164

Other income (expense)
 

 
 

 
 

 
 

 
 

Interest income (expense), net
(10,079
)
 
(28,630
)
 
(9,435
)
 
—

 
(48,144
)
Extinguishment of debt
(38,890
)
 
 
 
 
 
 
 
(38,890
)
Other, net
111

 
7,945

 
(4,228
)
 
(674
)
 
3,154

Total other income (expense)
(48,858
)
 
(20,685
)
 
(13,663
)
 
(674
)
 
(83,880
)
Income (loss) before taxes
(72,942
)
 
63,561

 
3,665

 
—

 
(5,716
)
Provision (benefit) for income taxes
(32,044
)
 
26,480

 
25

 
—

 
(5,539
)
Income (loss) before equity in net income of subsidiaries
(40,898
)
 
37,081

 
3,640

 
—

 
(177
)
Equity in net income (loss) of subsidiaries
40,721

 
3,531

 
37,081

 
(81,333
)
 
—

Income (loss) from continuing operations
(177
)
 
40,612

 
40,721

 
(81,333
)
 
(177
)
Loss from operations of discontinued businesses
—

 
—

 
—

 
—

 
—

Benefit from income taxes
—

 
—

 
—

 
—

 
—

Loss from discontinued operations
—

 
—

 
—

 
—

 
—

Net Income (loss)
$
(177
)
 
$
40,612

 
$
40,721

 
$
(81,333
)
 
$
(177
)
 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
(26,902
)
 
$
28,355

 
$
25,704

 
$
(54,059
)
 
$
(26,902
)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the Year Ended September 30, 2013

 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
Revenue
$
—

 
$
1,459,705

 
$
463,767

 
$
(52,145
)
 
$
1,871,327

Cost of goods and services
—

 
1,107,440

 
392,588

 
(46,286
)
 
1,453,742

Gross profit
—

 
352,265

 
71,179

 
(5,859
)
 
417,585

Selling, general and administrative expenses
24,248

 
269,654

 
52,819

 
(6,252
)
 
340,469

Restructuring and other related charges
—

 
9,236

 
4,026

 
—

 
13,262

Total operating expenses
24,248

 
278,890

 
56,845

 
(6,252
)
 
353,731

Income (loss) from operations
(24,248
)
 
73,375

 
14,334

 
393

 
63,854

Other income (expense)
 

 
 

 
 

 
 

 
 

Interest income (expense), net
(14,381
)
 
(27,660
)
 
(10,126
)
 
—

 
(52,167
)
Other, net
569

 
9,656

 
(7,233
)
 
(346
)
 
2,646

Total other income (expense)
(13,812
)
 
(18,004
)
 
(17,359
)
 
(346
)
 
(49,521
)
Income (loss) before taxes
(38,060
)
 
55,371

 
(3,025
)
 
47

 
14,333

Provision (benefit) for income taxes
(14,888
)
 
20,603

 
1,781

 
47

 
7,543

Income (loss) before equity in net income of subsidiaries
(23,172
)
 
34,768

 
(4,806
)
 
—

 
6,790

Equity in net income (loss) of subsidiaries
26,939

 
(1,467
)
 
34,768

 
(60,240
)
 
—

Income (loss) from continuing operations
3,767

 
33,301

 
29,962

 
(60,240
)
 
6,790

Loss from operations of discontinued businesses
—

 
—

 
(4,651
)
 
—

 
(4,651
)
Benefit from income taxes
—

 
—

 
1,628

 
—

 
1,628

Loss from discontinued operations
—

 
—

 
(3,023
)
 
—

 
(3,023
)
Net Income (loss)
$
3,767

 
$
33,301

 
$
26,939

 
$
(60,240
)
 
$
3,767

 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
19,987

 
$
10,903

 
$
64,671

 
$
(75,574
)
 
$
19,987
Condensed Cash Flow Statement
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended September 30, 2014

 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Net income (loss)
$
(177
)
 
$
40,612

 
$
40,721

 
$
(81,333
)
 
$
(177
)
Net cash provided by operating activities
(3,902
)
 
17,168

 
80,035

 
—

 
93,301

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Acquisition of property, plant and equipment
(700
)
 
(64,320
)
 
(12,074
)
 
—

 
(77,094
)
Acquired business, net of cash acquired
—

 
2,675

 
(64,981
)
 
—

 
(62,306
)
Intercompany distributions
10,000

 
(10,000
)
 
—

 
—

 
—

Purchase of securities
(8,402
)
 
—

 
—

 
—

 
(8,402
)
Proceeds from sale of property, plant and equipment
—

 
360

 
192

 
—

 
552

Net cash used in investing activities
898

 
(71,285
)
 
(76,863
)
 
—

 
(147,250
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Proceeds from issuance of common stock
584

 
—

 
—

 
—

 
584

Purchase of shares for treasury
(79,614
)
 
—

 
—

 
—

 
(79,614
)
Proceeds from long-term debt
659,568

 
(102
)
 
32,477

 
—

 
691,943

Payments of long-term debt
(598,250
)
 
(1,135
)
 
(3,709
)
 
—

 
(603,094
)
Change in short-term borrowings
—

 
—

 
(749
)
 
—

 
(749
)
Financing costs
(10,763
)
 
—

 
(535
)
 
—

 
(11,298
)
Purchase of ESOP shares
(20,000
)
 
—

 
—

 
—

 
(20,000
)
Tax effect from exercise/vesting of equity awards, net
273

 
—

 
—

 
—

 
273

Dividends paid
(11,273
)
 
5,000

 
—

 
—

 
(6,273
)
Other, net
298

 
56,533

 
(56,533
)
 
—

 
298

Net cash used in financing activities
(59,177
)
 
60,296

 
(29,049
)
 
—

 
(27,930
)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
 
 
 
 
 
 
 
 
 
Net cash used in discontinued operations
—

 
—

 
(1,528
)
 
—

 
(1,528
)
Effect of exchange rate changes on cash and equivalents
—

 
—

 
(2,318
)
 
—

 
(2,318
)
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS
(62,181
)
 
6,179

 
(29,723
)
 
—

 
(85,725
)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD
68,994

 
25,343

 
83,793

 
—

 
178,130

CASH AND EQUIVALENTS AT END OF PERIOD
$
6,813

 
$
31,522

 
$
54,070

 
$
—

 
$
92,405


CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended September 30, 2013

 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Net income (loss)
$
3,767

 
$
33,301

 
$
26,939

 
$
(60,240
)
 
$
3,767

Net cash provided by (used in) operating activities
(25,184
)
 
83,177

 
27,690

 
—

 
85,683

CASH FLOWS FROM INVESTING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Acquisition of property, plant and equipment
(123
)
 
(56,617
)
 
(7,701
)
 
—

 
(64,441
)
Intercompany distributions
10,000

 
(10,000
)
 
—

 
—

 
—

Proceeds from sale of property, plant and equipment
—

 
1,404

 
169

 
—

 
1,573

Net cash provided by (used in) investing activities
9,877

 
(65,213
)
 
(7,532
)
 
—

 
(62,868
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Purchase of shares for treasury
(32,521
)
 
—

 
—

 
—

 
(32,521
)
Proceeds from long-term debt
—

 
303

 
—

 
—

 
303

Payments of long-term debt
(2,157
)
 
(1,032
)
 
(13,678
)
 
—

 
(16,867
)
Change in short-term borrowings
—

 
—

 
2,950

 
—

 
2,950

Financing costs
(833
)
 
—

 
—

 
—

 
(833
)
Tax effect from exercise/vesting of equity awards, net
150

 
—

 
—

 
—

 
150

Dividends paid
(5,825
)
 
—

 
—

 
—

 
(5,825
)
Other, net
394

 
(26,674
)
 
26,674

 
—

 
394

Net cash provided by (used in) financing activities
(40,792
)
 
(27,403
)
 
15,946

 
—

 
(52,249
)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
 

 
 

 
 

 
 

 
 

Net cash used in discontinued operations
—

 
—

 
(2,090
)
 
—

 
(2,090
)
Effect of exchange rate changes on cash and equivalents
—

 
—

 
—

 
—

 
—

NET DECREASE IN CASH AND EQUIVALENTS
(56,099
)
 
(9,439
)
 
34,014

 
—

 
(31,524
)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD
125,093

 
34,782

 
49,779

 
—

 
209,654

CASH AND EQUIVALENTS AT END OF PERIOD
$
68,994

 
$
25,343

 
$
83,793

 
$
—

 
$
178,130