CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)

6 Months Ended

Mar. 31, 2016

Consolidating Guarantor And Non Guarantor Financial Information [Abstract]

Condensed Balance Sheet

CONDENSED CONSOLIDATING BALANCE SHEETS

At March 31, 2016

	Parent Company		Guarantor Companies		Non-Guarantor Companies		Elimination			Consolidation
CURRENT ASSETS
Cash and equivalents	$	2,955	$	16,593	$	34,734	$	—		$	54,282
Accounts receivable, net of allowances	—		229,666		59,488		(27,993		)	261,161
Contract costs and recognized income not yet billed, net of progress payments	—		107,937		543		—			108,480
Inventories, net	—		235,067		76,500		—			311,567
Prepaid and other current assets	25,050		25,906		12,752		(10,686		)	53,022
Assets of discontinued operations	—		—		1,325		—			1,325
Total Current Assets	28,005		615,169		185,342		(38,679		)	789,837
PROPERTY, PLANT AND EQUIPMENT, net	1,095		287,972		97,042		—			386,109
GOODWILL	—		284,875		75,219		—			360,094
INTANGIBLE ASSETS, net	—		150,186		64,547		—			214,733
INTERCOMPANY RECEIVABLE	593,980		841,728		287,600		(1,723,308		)	—
EQUITY INVESTMENTS IN SUBSIDIARIES	776,215		651,130		1,770,747		(3,198,092		)	—
OTHER ASSETS	41,813		32,858		11,592		(60,781		)	25,482
ASSETS OF DISCONTINUED OPERATIONS	—		—		2,259		—			2,259
Total Assets	$	1,441,108	$	2,863,918	$	2,494,348	$	(5,020,860	)	$	1,778,514
CURRENT LIABILITIES
Notes payable and current portion of long-term debt	$	2,736	$	2,304	$	14,177	$	—		$	19,217
Accounts payable and accrued liabilities	36,674		184,884		73,282		(34,214		)	260,626
Liabilities of discontinued operations	—		—		1,924		—			1,924
Total Current Liabilities	39,410		187,188		89,383		(34,214		)	281,767
LONG-TERM DEBT, net	848,962		19,972		53,629		—			922,563
INTERCOMPANY PAYABLES	68,143		821,631		804,601		(1,694,375		)	—
OTHER LIABILITIES	59,212		124,681		33,907		(72,217		)	145,583
LIABILITIES OF DISCONTINUED OPERATIONS	—		—		3,220		—			3,220
Total Liabilities	1,015,727		1,153,472		984,740		(1,800,806		)	1,353,133
SHAREHOLDERS’ EQUITY	425,381		1,710,446		1,509,608		(3,220,054		)	425,381
Total Liabilities and Shareholders’ Equity	$	1,441,108	$	2,863,918	$	2,494,348	$	(5,020,860	)	$	1,778,514

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 March 31, 2016

($ in thousands)	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
Revenue	$	—		$	406,989		$	100,614		$	(7,496	)	$	500,107
Cost of goods and services	—			313,203			80,493			(7,746		)	385,950
Gross profit	—			93,786			20,121			250			114,157
Selling, general and administrative expenses	6,530			66,197			18,952			(93		)	91,586
Total operating expenses	6,530			66,197			18,952			(93		)	91,586
Income (loss) from operations	(6,530		)	27,589			1,169			343			22,571
Other income (expense)
Interest income (expense), net	(2,696		)	(7,752		)	(1,900		)	—			(12,348		)
Other, net	18			904			(964		)	(343		)	(385		)
Total other income (expense)	(2,678		)	(6,848		)	(2,864		)	(343		)	(12,733		)
Income (loss) before taxes	(9,208		)	20,741			(1,695		)	—			9,838
Provision (benefit) for income taxes	(3,650		)	8,012			(619		)	—			3,743
Income (loss) before equity in net income of subsidiaries	(5,558		)	12,729			(1,076		)	—			6,095
Equity in net income (loss) of subsidiaries	11,653			(1,108		)	12,730			(23,275		)	—
Net income (loss)	$	6,095		$	11,621		$	11,654		$	(23,275	)	$	6,095
Net Income (loss)	$	6,095		$	11,621		$	11,654		$	(23,275	)	$	6,095
Other comprehensive income (loss), net of taxes	12,420			2,062			10,358			(12,420		)	12,420
Comprehensive income (loss)	$	18,515		$	13,683		$	22,012		$	(35,695	)	$	18,515

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended March 31, 2015

($ in thousands)	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
Revenue	$	—		$	400,042		$	113,206		$	(13,228	)	$	500,020
Cost of goods and services	—			306,625			91,320			(12,300		)	385,645
Gross profit	—			93,417			21,886			(928		)	114,375
Selling, general and administrative expenses	5,301			71,970			17,349			(1,054		)	93,566
Income (loss) from operations	(5,301		)	21,447			4,537			126			20,809
Other income (expense)
Interest income (expense), net	(2,224		)	(7,698		)	(1,935		)	—			(11,857		)
Loss from debt extinguishment, net	—			—			—			—			—
Other, net	521			1,615			(2,767		)	(126		)	(757		)
Total other income (expense)	(1,703		)	(6,083		)	(4,702		)	(126		)	(12,614		)
Income (loss) before taxes	(7,004		)	15,364			(165		)	—			8,195
Provision (benefit) for income taxes	(1,984		)	3,062			1,995			—			3,073
Income (loss) before equity in net income of subsidiaries	(5,020		)	12,302			(2,160		)	—			5,122
Equity in net income (loss) of subsidiaries	10,142			(735		)	12,302			(21,709		)	—
Net income (loss)	$	5,122		$	11,567		$	10,142		$	(21,709	)	$	5,122
Net Income (loss)	$	5,122		$	11,567		$	10,142		$	(21,709	)	$	5,122
Other comprehensive income (loss), net of taxes	(30,019		)	(12,075		)	(18,389		)	30,464			(30,019		)
Comprehensive income (loss)	$	(24,897	)	$	(508	)	$	(8,247	)	$	8,755		$	(24,897	)

Condensed Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Six Months Ended March 31, 2016

	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	14,691		$	22,889		$	22,913		$	(45,802	)	$	14,691
Net cash provided by (used in) operating activities:	(57,752		)	51,805			539			—			(5,408		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(186		)	(37,970		)	(7,796		)	—			(45,952		)
Acquired businesses, net of cash acquired	—			(2,726		)	(1,744		)	—			(4,470		)
Proceeds from sale of investments	715			—						—			715
Proceeds from sale of assets	—			764			104			—			868
Net cash provided by (used in) investing activities	529			(39,932		)	(9,436		)	—			(48,839		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of shares for treasury	(33,640		)	—			—			—			(33,640		)
Proceeds from long-term debt	115,000			2,361			22,243			—			139,604
Payments of long-term debt	(20,601		)	(1,064		)	(24,658		)	—			(46,323		)
Change in short-term borrowings	—			—			(191		)	—			(191		)
Financing costs	(1,012		)	—			(108		)	—			(1,120		)
Tax benefit from exercise/vesting of equity awards, net	2,291			—			—			—			2,291
Dividends paid	(4,508		)	—			—			—			(4,508		)
Other, net	208			(7,248		)	7,248			—			208
Net cash provided by (used in) financing activities	57,738			(5,951		)	4,534			—			56,321
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations	—			—			(578		)	—			(578		)
Effect of exchange rate changes on cash and equivalents	—			—			785			—			785
NET DECREASE IN CASH AND EQUIVALENTS	515			5,922			(4,156		)	—			2,281
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	2,440			10,671			38,890			—			52,001
CASH AND EQUIVALENTS AT END OF PERIOD	$	2,955		$	16,593		$	34,734		$	—		$	54,282

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Six Months Ended March 31, 2015

	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	12,593		$	22,921		$	21,510		$	(44,431	)	$	12,593
Net cash provided by (used in) operating activities:	(49,888		)	(451		)	7,288			—			(43,051		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(188		)	(30,584		)	(8,941		)	—			(39,713		)
Intercompany distributions	10,000			(10,000		)	—			—			—
Investment purchases	8,891			—			—			—			8,891
Proceeds from sale of assets	—			12			165			—			177
Net cash provided by (used in) investing activities	18,703			(40,572		)	(8,776		)	—			(30,645		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock	285			—			—			—			285
Purchase of shares for treasury	(37,577		)	—			—			—			(37,577		)
Proceeds from long-term debt	97,000			—			2,556			—			99,556
Payments of long-term debt	(28,101		)	(717		)	(607		)	—			(29,425		)
Change in short-term borrowings	—			—			(572		)	—			(572		)
Financing costs	(590		)	—			—			—			(590		)
Tax benefit from exercise/vesting of equity awards, net	345			—			—			—			345
Dividends paid	(3,911		)	—			—			—			(3,911		)
Other, net	95			21,021			(21,021		)	—			95
Net cash provided by (used in) financing activities	27,546			20,304			(19,644		)	—			28,206
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations	—			—			(545		)	—			(545		)
Effect of exchange rate changes on cash and equivalents	—			—			(3,768		)	—			(3,768		)
NET DECREASE IN CASH AND EQUIVALENTS	(3,639		)	(20,719		)	(25,445		)	—			(49,803		)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	6,813			31,522			54,070			—			92,405
CASH AND EQUIVALENTS AT END OF PERIOD	$	3,174		$	10,803		$	28,625		$	—		$	42,602