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CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)
 6 Months Ended
Mar. 31, 2017
Consolidating Guarantor And Non Guarantor Financial Information [Abstract]  
Condensed Balance Sheet
CONDENSED CONSOLIDATING BALANCE SHEETS
At March 31, 2017
 
 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
CURRENT ASSETS
 

 
 

 
 

 
 

 
 

Cash and equivalents
$
1,416

 
$
7,405

 
$
38,604

 
$
—

 
$
47,425

Accounts receivable, net of allowances
—

 
212,815

 
57,931

 
(18,707
)
 
252,039

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

 
119,255

 
318

 
—

 
119,573

Inventories, net
—

 
261,089

 
55,838

 
(97
)
 
316,830

Prepaid and other current assets
8,910

 
18,596

 
12,074

 
126

 
39,706

Assets of discontinued operations
—

 
—

 
215

 
—

 
215

Total Current Assets
10,326

 
619,160

 
164,980

 
(18,678
)
 
775,788

PROPERTY, PLANT AND EQUIPMENT, net
804

 
300,765

 
106,702

 
—

 
408,271

GOODWILL
—

 
284,875

 
75,210

 
—

 
360,085

INTANGIBLE ASSETS, net
—

 
145,734

 
64,942

 
—

 
210,676

INTERCOMPANY RECEIVABLE
580,832

 
768,367

 
338,187

 
(1,687,386
)
 
—

EQUITY INVESTMENTS IN SUBSIDIARIES
827,369

 
860,369

 
1,926,769

 
(3,614,507
)
 
—

OTHER ASSETS
6,502

 
5,102

 
6,506

 
21

 
18,131

ASSETS OF DISCONTINUED OPERATIONS
—

 
—

 
1,934

 
—

 
1,934

Total Assets
$
1,425,833

 
$
2,984,372

 
$
2,685,230

 
$
(5,320,550
)
 
$
1,774,885

CURRENT LIABILITIES
 

 
 

 
 

 
 

 
 

Notes payable and current portion of long-term debt
$
2,981

 
$
2,333

 
$
11,443

 
$
—

 
$
16,757

Accounts payable and accrued liabilities
18,416

 
183,823

 
66,942

 
(12,015
)
 
257,166

Liabilities of discontinued operations
—

 
—

 
1,324

 
—

 
1,324

Total Current Liabilities
21,397

 
186,156

 
79,709

 
(12,015
)
 
275,247

 
 
 
 
 
 
 
 
 
 
LONG-TERM DEBT, net
934,876

 
17,755

 
40,945

 
—

 
993,576

INTERCOMPANY PAYABLES
75,291

 
811,960

 
771,288

 
(1,658,539
)
 
—

OTHER LIABILITIES
16,344

 
102,050

 
13,860

 
(6,058
)
 
126,196

LIABILITIES OF DISCONTINUED OPERATIONS
—

 
—

 
1,941

 
—

 
1,941

Total Liabilities
1,047,908

 
1,117,921

 
907,743

 
(1,676,612
)
 
1,396,960

SHAREHOLDERS’ EQUITY
377,925

 
1,866,451

 
1,777,487

 
(3,643,938
)
 
377,925

Total Liabilities and Shareholders’ Equity
$
1,425,833

 
$
2,984,372

 
$
2,685,230

 
$
(5,320,550
)
 
$
1,774,885

CONDENSED CONSOLIDATING BALANCE SHEETS
At September 30, 2016

 
Parent
Company
 
Guarantor
Companies
 
Non-Guarantor
Companies
 
Elimination
 
Consolidation
CURRENT ASSETS
 

 
 

 
 

 
 

 
 

Cash and equivalents
$
6,517

 
$
27,692

 
$
38,344

 
$
—

 
$
72,553

Accounts receivable, net of allowances
—

 
175,583

 
63,810

 
(5,642
)
 
233,751

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

 
126,961

 
—

 
—

 
126,961

Inventories, net
—

 
239,325

 
69,544

 
—

 
308,869

Prepaid and other current assets
39,763

 
31,191

 
16,447

 
(48,796
)
 
38,605

Assets of discontinued operations
—

 
—

 
219

 
—

 
219

Total Current Assets
46,280

 
600,752

 
188,364

 
(54,438
)
 
780,958

 
 
 
 
 
 
 
 
 
 
PROPERTY, PLANT AND EQUIPMENT, net
956

 
303,735

 
100,713

 
—

 
405,404

GOODWILL
—

 
284,875

 
76,310

 
—

 
361,185

INTANGIBLE ASSETS, net
—

 
147,960

 
62,639

 
—

 
210,599

INTERCOMPANY RECEIVABLE
539,938

 
713,118

 
307,081

 
(1,560,137
)
 
—

EQUITY INVESTMENTS IN SUBSIDIARIES
824,887

 
866,595

 
1,916,622

 
(3,608,104
)
 
—

OTHER ASSETS
6,529

 
12,151

 
12,675

 
(9,373
)
 
21,982

ASSETS OF DISCONTINUED OPERATIONS
—

 
—

 
1,968

 
—

 
1,968

Total Assets
$
1,418,590

 
$
2,929,186

 
$
2,666,372

 
$
(5,232,052
)
 
$
1,782,096

CURRENT LIABILITIES
 

 
 

 
 

 
 

 
 

Notes payable and current portion of long-term debt
$
3,153

 
$
2,307

 
$
17,184

 
$
—

 
$
22,644

Accounts payable and accrued liabilities
65,751

 
202,657

 
65,213

 
(39,686
)
 
293,935

Liabilities of discontinued operations
—

 
—

 
1,684

 
—

 
1,684

Total Current Liabilities
68,904

 
204,964

 
84,081

 
(39,686
)
 
318,263

LONG-TERM DEBT, net
848,589

 
18,872

 
46,453

 
—

 
913,914

INTERCOMPANY PAYABLES
57,648

 
737,980

 
735,053

 
(1,530,681
)
 
—

OTHER LIABILITIES
32,502

 
114,491

 
26,574

 
(36,301
)
 
137,266

LIABILITIES OF DISCONTINUED OPERATIONS
—

 
—

 
1,706

 
—

 
1,706

Total Liabilities
1,007,643

 
1,076,307

 
893,867

 
(1,606,668
)
 
1,371,149

SHAREHOLDERS’ EQUITY
410,947

 
1,852,879

 
1,772,505

 
(3,625,384
)
 
410,947

Total Liabilities and Shareholders’ Equity
$
1,418,590

 
$
2,929,186

 
$
2,666,372

 
$
(5,232,052
)
 
$
1,782,096
Condensed Income Statement
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the Three Months Ended March 31, 2017
 
($ in thousands)
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
Revenue
$
—

 
$
396,637

 
$
108,571

 
$
(9,444
)
 
$
495,764

Cost of goods and services
—

 
304,706

 
85,224

 
(9,715
)
 
380,215

Gross profit
—

 
91,931

 
23,347

 
271

 
115,549

Selling, general and administrative expenses
7,077

 
66,234

 
19,271

 
(93
)
 
92,489

Income (loss) from operations
(7,077
)
 
25,697

 
4,076

 
364

 
23,060

Other income (expense)
 

 
 

 
 

 
 

 
 

Interest income (expense), net
(3,322
)
 
(8,233
)
 
(1,067
)
 
—

 
(12,622
)
Other, net
68

 
908

 
(811
)
 
(364
)
 
(199
)
Total other income (expense)
(3,254
)
 
(7,325
)
 
(1,878
)
 
(364
)
 
(12,821
)
Income (loss) before taxes
(10,331
)
 
18,372

 
2,198

 
—

 
10,239

Provision (benefit) for income taxes
(1,534
)
 
5,428

 
1,300

 
—

 
5,194

Income (loss) before equity in net income of subsidiaries
(8,797
)
 
12,944

 
898

 
—

 
5,045

Equity in net income (loss) of subsidiaries
13,842

 
922

 
12,944

 
(27,708
)
 
—

Net income (loss)
$
5,045

 
$
13,866

 
$
13,842

 
$
(27,708
)
 
$
5,045

 
 
 
 
 
 
 
 
 
 
Net Income (loss)
$
5,045

 
$
13,866

 
$
13,842

 
$
(27,708
)
 
$
5,045

Other comprehensive income (loss), net of taxes
7,933

 
(3,590
)
 
(8,280
)
 
11,870

 
7,933

Comprehensive income (loss)
$
12,978

 
$
10,276

 
$
5,562

 
$
(15,838
)
 
$
12,978

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

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 Six Months Ended March 31, 2017

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

 
$
756,498

 
$
223,420

 
$
(17,054
)
 
$
962,864

Cost of goods and services
—

 
576,438

 
172,324

 
(17,575
)
 
731,187

Gross profit
—

 
180,060

 
51,096

 
521

 
231,677

Selling, general and administrative expenses
13,721

 
129,231

 
39,465

 
(185
)
 
182,232

Income (loss) from operations
(13,721
)
 
50,829

 
11,631

 
706

 
49,445

Other income (expense)
 

 
 

 
 

 
 

 
 

Interest income (expense), net
(7,349
)
 
(16,291
)
 
(2,349
)
 
—

 
(25,989
)
Other, net
161

 
1,559

 
(1,255
)
 
(706
)
 
(241
)
Total other income (expense)
(7,188
)
 
(14,732
)
 
(3,604
)
 
(706
)
 
(26,230
)
Income (loss) before taxes
(20,909
)
 
36,097

 
8,027

 
—

 
23,215

Provision (benefit) for income taxes
(10,563
)
 
13,096

 
3,373

 
—

 
5,906

Income (loss) before equity in net income of subsidiaries
(10,346
)
 
23,001

 
4,654

 
—

 
17,309

Equity in net income (loss) of subsidiaries
27,655

 
4,720

 
23,001

 
(55,376
)
 
—

Net income (loss)
$
17,309

 
$
27,721

 
$
27,655

 
$
(55,376
)
 
$
17,309

 
 
 
 
 
 
 
 
 
 
Net Income (loss)
$
17,309

 
$
27,721

 
$
27,655

 
$
(55,376
)
 
$
17,309

Other comprehensive income (loss), net of taxes
(3,379
)
 
(7,907
)
 
5,354

 
2,553

 
(3,379
)
Comprehensive income (loss)
$
13,930

 
$
19,814

 
$
33,009

 
$
(52,823
)
 
$
13,930

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the Six Months Ended March 31, 2016

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

 
$
796,249

 
$
213,346

 
$
(15,339
)
 
$
994,256

Cost of goods and services
—

 
611,587

 
168,389

 
(15,982
)
 
763,994

Gross profit
—

 
184,662

 
44,957

 
643

 
230,262

Selling, general and administrative expenses
12,928

 
132,144

 
37,998

 
(185
)
 
182,885

Income (loss) from operations
(12,928
)
 
52,518

 
6,959

 
828

 
47,377

Other income (expense)
 

 
 

 
 

 
 

 
 

Interest income (expense), net
(4,952
)
 
(15,541
)
 
(3,867
)
 
—

 
(24,360
)
Other, net
211

 
1,920

 
(1,133
)
 
(828
)
 
170

Total other income (expense)
(4,741
)
 
(13,621
)
 
(5,000
)
 
(828
)
 
(24,190
)
Income (loss) before taxes
(17,669
)
 
38,897

 
1,959

 
—

 
23,187

Provision (benefit) for income taxes
(11,639
)
 
16,829

 
1,114

 
—

 
6,304

Income (loss) before equity in net income of subsidiaries
(6,030
)
 
22,068

 
845

 
—

 
16,883

Equity in net income (loss) of subsidiaries
22,913

 
821

 
22,068

 
(45,802
)
 
—

Net income (loss)
$
16,883

 
$
22,889

 
$
22,913

 
$
(45,802
)
 
$
16,883

 
 
 
 
 
 
 
 
 
 
Net Income (loss)
$
16,883

 
$
22,889

 
$
22,913

 
$
(45,802
)
 
$
16,883

Other comprehensive income (loss), net of taxes
8,442

 
2,201

 
6,241

 
(8,442
)
 
8,442

Comprehensive income (loss)
$
25,325

 
$
25,090

 
$
29,154

 
$
(54,244
)
 
$
25,325
Condensed Cash Flow Statement
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Six Months Ended March 31, 2017

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

 
 

 
 

 
 

 
 

Net income (loss)
$
17,309

 
$
27,721

 
$
27,655

 
$
(55,376
)
 
$
17,309

Net cash provided by (used in) operating activities:
(54,311
)
 
24,399

 
38,683

 
—

 
8,771

CASH FLOWS FROM INVESTING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Acquisition of property, plant and equipment
(11
)
 
(30,030
)
 
(12,472
)
 
—

 
(42,513
)
Acquired businesses, net of cash acquired
—

 
—

 
(6,051
)
 
—

 
(6,051
)
Proceeds from sale of assets
—

 
112

 
28

 
—

 
140

Net cash provided by investing activities
(11
)
 
(29,918
)
 
(18,495
)
 
—

 
(48,424
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Purchase of shares for treasury
(15,759
)
 
—

 
—

 
—

 
(15,759
)
Proceeds from long-term debt
185,213

 
—

 
10,442

 
—

 
195,655

Payments of long-term debt
(101,577
)
 
(1,112
)
 
(20,575
)
 
—

 
(123,264
)
Change in short-term borrowings
—

 
—

 
(488
)
 
—

 
(488
)
Share premium payment on settled debt
(24,997
)
 
—

 
—

 
—

 
(24,997
)
Financing costs
(335
)
 
—

 
—

 
—

 
(335
)
Purchase of ESOP shares
(9,213
)
 
—

 
—

 
—

 
(9,213
)
Dividends paid
(5,137
)
 
—

 
—

 
—

 
(5,137
)
Other, net
21,026

 
(13,656
)
 
(7,556
)
 
—

 
(186
)
Net cash provided by (used in) financing activities
49,221

 
(14,768
)
 
(18,177
)
 
—

 
16,276

CASH FLOWS FROM DISCONTINUED OPERATIONS:
 

 
 

 
 

 
 

 
 

Net cash used in discontinued operations
—

 
—

 
(738
)
 
—

 
(738
)
Effect of exchange rate changes on cash and equivalents
—

 
—

 
(1,013
)
 
—

 
(1,013
)
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS
(5,101
)
 
(20,287
)
 
260

 
—

 
(25,128
)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD
6,517

 
27,692

 
38,344

 
—

 
72,553

CASH AND EQUIVALENTS AT END OF PERIOD
$
1,416

 
$
7,405

 
$
38,604

 
$
—

 
$
47,425

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)
$
16,883

 
$
22,889

 
$
22,913

 
$
(45,802
)
 
$
16,883

Net cash provided by (used in) operating activities:
(55,560
)
 
51,805

 
539

 
—

 
(3,216
)
CASH FLOWS FROM INVESTING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Acquisition of property, plant and equipment
(186
)
 
(37,970
)
 
(7,796
)
 
—

 
(45,952
)
Acquired businesses, net of cash acquired
—

 
—

 
(1,744
)
 
—

 
(1,744
)
Investment in unconsolidated joint venture
—

 
(2,726
)
 
—

 
—

 
(2,726
)
Investment sales
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
)
Dividends paid
(4,508
)
 
—

 
—

 
—

 
(4,508
)
Other, net
307

 
(7,248
)
 
7,248

 
—

 
307

Net cash provided by (used in) financing activities
55,546

 
(5,951
)
 
4,534

 
—

 
54,129

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 INCREASE (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