CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)

3 Months Ended

Dec. 31, 2015

Consolidating Guarantor And Non Guarantor Financial Information [Abstract]

Condensed Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEETS

At December 31, 2015

	Parent Company		Guarantor Companies		Non-Guarantor Companies		Elimination			Consolidation
CURRENT ASSETS
Cash and equivalents	$	3,589	$	12,108	$	34,271	$	—		$	49,968
Accounts receivable, net of allowances	—		173,229		56,542		(23,889		)	205,882
Contract costs and recognized income not yet billed, net of progress payments	—		122,655		268		—			122,923
Inventories, net	—		262,064		72,398		—			334,462
Prepaid and other current assets	20,530		28,850		11,782		(4,336		)	56,826
Assets of discontinued operations	—		—		1,360		—			1,360
Total Current Assets	24,119		598,906		176,621		(28,225		)	771,421
PROPERTY, PLANT AND EQUIPMENT, net	1,064		283,657		91,389		—			376,110
GOODWILL	—		284,875		71,537		—			356,412
INTANGIBLE ASSETS, net	—		151,299		60,173		—			211,472
INTERCOMPANY RECEIVABLE	575,596		974,449		273,821		(1,823,866		)	—
EQUITY INVESTMENTS IN SUBSIDIARIES	752,342		642,949		1,746,165		(3,141,456		)	—
OTHER ASSETS	42,072		33,002		9,444		(59,320		)	25,198
ASSETS OF DISCONTINUED OPERATIONS	—		—		2,576		—			2,576
Total Assets	$	1,395,193	$	2,969,137	$	2,431,726	$	(5,052,867	)	$	1,743,189
CURRENT LIABILITIES
Notes payable and current portion of long-term debt	$	2,202	$	2,287	$	10,700	$	—		$	15,189
Accounts payable and accrued liabilities	33,681		185,267		68,020		(23,609		)	263,359
Liabilities of discontinued operations	—				2,033		—			2,033
Total Current Liabilities	35,883		187,554		80,753		(23,609		)	280,581
LONG-TERM DEBT, net	813,902		20,373		51,753		—			886,028
INTERCOMPANY PAYABLES	58,957		949,455		787,779		(1,796,191		)	—
OTHER LIABILITIES	58,072		125,825		26,840		(66,170		)	144,567
LIABILITIES OF DISCONTINUED OPERATIONS	—		—		3,634		—			3,634
Total Liabilities	966,814		1,283,207		950,759		(1,885,970		)	1,314,810
SHAREHOLDERS’ EQUITY	428,379		1,685,930		1,480,967		(3,166,897		)	428,379
Total Liabilities and Shareholders’ Equity	$	1,395,193	$	2,969,137	$	2,431,726	$	(5,052,867	)	$	1,743,189

CONDENSED CONSOLIDATING BALANCE SHEETS

At September 30, 2015

	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 Income Statement

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended December 31, 2015

($ in thousands)	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
Revenue	$	—		$	389,260		$	112,732		$	(7,843	)	$	494,149
Cost of goods and services	—			298,384			87,896			(8,236		)	378,044
Gross profit	—			90,876			24,836			393			116,105
Selling, general and administrative expenses	6,397			65,948			19,046			(92		)	91,299
Total operating expenses	6,397			65,948			19,046			(92		)	91,299
Income (loss) from operations	(6,397		)	24,928			5,790			485			24,806
Other income (expense)
Interest income (expense), net	(2,256		)	(7,789		)	(1,967		)	—			(12,012		)
Other, net	193			1,016			(169		)	(485		)	555
Total other income (expense)	(2,063		)	(6,773		)	(2,136		)	(485		)	(11,457		)
Income (loss) before taxes	(8,460		)	18,155			3,654			—			13,349
Provision (benefit) for income taxes	(5,797		)	8,817			1,733			—			4,753
Income (loss) before equity in net income of subsidiaries	(2,663		)	9,338			1,921			—			8,596
Equity in net income (loss) of subsidiaries	11,259			1,929			9,338			(22,526		)	—
Net income (loss)	$	8,596		$	11,267		$	11,259		$	(22,526	)	$	8,596
Net Income (loss)	$	8,596		$	11,267		$	11,259		$	(22,526	)	$	8,596
Other comprehensive income (loss), net of taxes	(3,978		)	139			(4,117		)	3,978			(3,978		)
Comprehensive income (loss)	$	4,618		$	11,406		$	7,142		$	(18,548	)	$	4,618

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended December 31, 2014

($ in thousands)	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
Revenue	$	—		$	378,114		$	138,881		$	(14,835	)	$	502,160
Cost of goods and services	—			289,370			108,274			(13,473		)	384,171
Gross profit	—			88,744			30,607			(1,362		)	117,989
Selling, general and administrative expenses	5,520			69,557			20,099			(1,280		)	93,896
Income (loss) from operations	(5,520		)	19,187			10,508			(82		)	24,093
Other income (expense)
Interest income (expense), net	(1,904		)	(7,427		)	(2,306		)	—			(11,637		)
Other, net	46			1,295			(1,874		)	82			(451		)
Total other income (expense)	(1,858		)	(6,132		)	(4,180		)	82			(12,088		)
Income (loss) before taxes	(7,378		)	13,055			6,328			—			12,005
Provision (benefit) for income taxes	(3,481		)	7,737			278			—			4,534
Income (loss) before equity in net income of subsidiaries	(3,897		)	5,318			6,050			—			7,471
Equity in net income (loss) of subsidiaries	11,368			6,036			5,318			(22,722		)	—
Net income (loss)	$	7,471		$	11,354		$	11,368		$	(22,722	)	$	7,471
Net Income (loss)	$	7,471		$	11,354		$	11,368		$	(22,722	)	$	7,471
Other comprehensive income (loss), net of taxes	(16,183		)	(4,580		)	(10,831		)	15,411			(16,183		)
Comprehensive income (loss)	$	(8,712	)	$	6,774		$	537		$	(7,311	)	$	(8,712	)

Condensed Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Three Months Ended December 31, 2015

	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	8,596		$	11,267		$	11,259		$	(22,526	)	$	8,596
Net cash provided by (used in) operating activities:	(48,165		)	29,701			(1,132		)	—			(19,596		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(54		)	(22,017		)	(2,947		)	—			(25,018		)
Investment in unconsolidated joint venture	—			(2,726		)	—			—			(2,726		)
Proceeds from sale of investments	715			—						—			715
Proceeds from sale of assets	—			472			12			—			484
Net cash provided by (used in) investing activities	661			(24,271		)	(2,935		)	—			(26,545		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of shares for treasury	(10,910		)	—			—			—			(10,910		)
Proceeds from long-term debt	62,000			2,215			15,659			—			79,874
Payments of long-term debt	(2,551		)	(524		)	(21,051		)	—			(24,126		)
Change in short-term borrowings	—			—			(147		)	—			(147		)
Tax benefit from exercise/vesting of equity awards, net	2,291			—			—			—			2,291
Dividends paid	(2,281		)	—			—			—			(2,281		)
Other, net	104			(5,684		)	5,684			—			104
Net cash provided by (used in) financing activities	48,653			(3,993		)	145			—			44,805
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations	—			—			(387		)	—			(387		)
Effect of exchange rate changes on cash and equivalents	—			—			(310		)	—			(310		)
NET DECREASE IN CASH AND EQUIVALENTS	1,149			1,437			(4,619		)	—			(2,033		)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	2,440			10,671			38,890			—			52,001
CASH AND EQUIVALENTS AT END OF PERIOD	$	3,589		$	12,108		$	34,271		$	—		$	49,968

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Three Months Ended December 31, 2014

	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	7,471		$	11,354		$	11,368		$	(22,722	)	$	7,471
Net cash provided by (used in) operating activities:	1,703			(19,874		)	10,121			—			(8,050		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(12		)	(16,534		)	(2,375		)	—			(18,921		)
Intercompany distributions	10,000			(10,000		)	—			—			—
Proceeds from sale of assets	—			5			102			—			107
Net cash provided by (used in) investing activities	9,988			(26,529		)	(2,273		)	—			(18,814		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of shares for treasury	(13,170		)	—			—			—			(13,170		)
Proceeds from long-term debt	10,000			—			279			—			10,279
Payments of long-term debt	(10,551		)	(432		)	(312		)	—			(11,295		)
Change in short-term borrowings	—			—			(1,201		)	—			(1,201		)
Financing costs	(29		)	—			—			—			(29		)
Tax benefit from exercise/vesting of equity awards, net	342			—			—			—			342
Dividends paid	(1,910		)	—			—			—			(1,910		)
Other, net	102			21,832			(21,832		)	—			102
Net cash provided by (used in) financing activities	(15,216		)	21,400			(23,066		)	—			(16,882		)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations	—			—			(380		)	—			(380		)
Effect of exchange rate changes on cash and equivalents	—			—			(1,713		)	—			(1,713		)
NET DECREASE IN CASH AND EQUIVALENTS	(3,525		)	(25,003		)	(17,311		)	—			(45,839		)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	6,813			31,522			54,070			—			92,405
CASH AND EQUIVALENTS AT END OF PERIOD	$	3,288		$	6,519		$	36,759		$	—		$	46,566