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CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)
 12 Months Ended
Sep. 30, 2019
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
$
1,649

 
$
25,217

 
$
45,511

 
$
—

 
$
72,377

Accounts receivable, net of allowances
—

 
227,069

 
38,580

 
(1,199
)
 
264,450

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

 
104,109

 
1,002

 
—

 
105,111

Inventories
—

 
372,839

 
69,540

 
(258
)
 
442,121

Prepaid and other current assets
8,238

 
25,754

 
6,951

 
(144
)
 
40,799

Assets of discontinued operations
—

 
—

 
321

 
—

 
321

Total Current Assets
9,887

 
754,988

 
161,905

 
(1,601
)
 
925,179

PROPERTY, PLANT AND EQUIPMENT, net
1,184

 
289,282

 
46,860

 
—

 
337,326

GOODWILL
—

 
375,734

 
61,333

 
—

 
437,067

INTANGIBLE ASSETS, net
93

 
224,275

 
132,271

 
—

 
356,639

INTERCOMPANY RECEIVABLE
5,834

 
864,884

 
75,684

 
(946,402
)
 
—

EQUITY INVESTMENTS IN SUBSIDIARIES
1,628,031

 
581,438

 
3,233,038

 
(5,442,507
)
 
—

OTHER ASSETS
8,182

 
24,635

 
(2,352
)
 
(14,625
)
 
15,840

ASSETS OF DISCONTINUED OPERATIONS
—

 
—

 
2,888

 
—

 
2,888

Total Assets
$
1,653,211

 
$
3,115,236

 
$
3,711,627

 
$
(6,405,135
)
 
$
2,074,939

 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 

 
 

 
 

 
 

 
 

Notes payable and current portion of long-term debt
$
—

 
$
3,075

 
$
7,450

 
$
—

 
$
10,525

Accounts payable and accrued liabilities
41,796

 
266,411

 
68,390

 
(1,356
)
 
375,241

Liabilities of discontinued operations
—

 
—

 
4,333

 
—

 
4,333

Total Current Liabilities
41,796

 
269,486

 
80,173

 
(1,356
)
 
390,099

LONG-TERM DEBT, net
1,040,449

 
3,119

 
50,181

 
—

 
1,093,749

INTERCOMPANY PAYABLES
71,634

 
457,265

 
444,557

 
(973,456
)
 
—

OTHER LIABILITIES
21,569

 
81,582

 
15,017

 
(8,171
)
 
109,997

LIABILITIES OF DISCONTINUED OPERATIONS
—

 
—

 
3,331

 
—

 
3,331

Total Liabilities
1,175,448

 
811,452

 
593,259

 
(982,983
)
 
1,597,176

SHAREHOLDERS’ EQUITY
477,763

 
2,303,784

 
3,118,368

 
(5,422,152
)
 
477,763

Total Liabilities and Shareholders’ Equity
$
1,653,211

 
$
3,115,236

 
$
3,711,627

 
$
(6,405,135
)
 
$
2,074,939










CONDENSED CONSOLIDATING BALANCE SHEETS
At September 30, 2018
 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
CURRENT ASSETS
 

 
 

 
 

 
 

 
 

Cash and equivalents
15,976

 
16,353

 
37,429

 
—

 
69,758

Accounts receivable, net of allowances
—

 
234,885

 
69,729

 
(24,105
)
 
280,509

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

 
121,393

 
410

 
—

 
121,803

Inventories, net
—

 
332,067

 
66,373

 
(81
)
 
398,359

Prepaid and other current assets
12,179

 
21,313

 
6,168

 
2,461

 
42,121

Assets of discontinued operations
—

 
—

 
324

 
—

 
324

Total Current Assets
28,155

 
726,011

 
180,433

 
(21,725
)
 
912,874

PROPERTY, PLANT AND EQUIPMENT, net
936

 
299,920

 
41,636

 
—

 
342,492

GOODWILL
6,646

 
361,507

 
71,242

 
—

 
439,395

INTANGIBLE ASSETS, net
93

 
293,093

 
77,672

 
—

 
370,858

INTERCOMPANY RECEIVABLE
56,396

 
314,394

 
(121,445
)
 
(249,345
)
 
—

EQUITY INVESTMENTS IN SUBSIDIARIES
1,528,932

 
968,330

 
3,347,894

 
(5,845,156
)
 
—

OTHER ASSETS
8,651

 
15,942

 
374

 
(8,612
)
 
16,355

ASSETS OF DISCONTINUED OPERATIONS
—

 
—

 
2,916

 
—

 
2,916

Total Assets
1,629,809

 
2,979,197

 
3,600,722

 
(6,124,838
)
 
2,084,890

 
 
 
 
 
 
 
 
 
 
CURRENT LIABILITIES
 

 
 

 
 

 
 

 
 

Notes payable and current portion of long-term debt
2,276

 
3,398

 
7,337

 
—

 
13,011

Accounts payable and accrued liabilities
26,639

 
303,154

 
59,531

 
(16,474
)
 
372,850

Liabilities of discontinued operations
—

 
(22,327
)
 
29,537

 
—

 
7,210

Total Current Liabilities
28,915

 
284,225

 
96,405

 
(16,474
)
 
393,071

LONG-TERM DEBT, net
1,044,071

 
6,110

 
57,890

 
—

 
1,108,071

INTERCOMPANY PAYABLES
66,058

 
(77,760
)
 
263,227

 
(251,525
)
 
—

OTHER LIABILITIES
16,374

 
73,391

 
20,592

 
(3,647
)
 
106,710

LIABILITIES OF DISCONTINUED OPERATIONS
—

 
—

 
2,647

 
—

 
2,647

Total Liabilities
1,155,418

 
285,966

 
440,761

 
(271,646
)
 
1,610,499

SHAREHOLDERS’ EQUITY
474,391

 
2,693,231

 
3,159,961

 
(5,853,192
)
 
474,391

Total Liabilities and Shareholders’ Equity
1,629,809

 
2,979,197

 
3,600,722

 
(6,124,838
)
 
2,084,890
Condensed Income Statement
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the Year Ended September 30, 2019

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

 
$
1,808,824

 
$
437,542

 
$
(37,077
)
 
$
2,209,289

Cost of goods and services
—

 
1,341,868

 
310,707

 
(38,555
)
 
1,614,020

Gross profit
—

 
466,956

 
126,835

 
1,478

 
595,269

 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
22,566

 
340,147

 
97,661

 
(370
)
 
460,004

 
 
 
 
 
 
 
 
 
 
Income (loss) from operations
(22,566
)
 
126,809

 
29,174

 
1,848

 
135,265

 
 
 
 
 
 
 
 
 
 
Other income (expense)
 

 
 

 
 

 
 

 
 

Interest income (expense), net
(27,883
)
 
(39,288
)
 
(89
)
 
—

 
(67,260
)
Other, net
(778
)
 
(16,653
)
 
23,452

 
(1,848
)
 
4,173

Total other income (expense)
(28,661
)
 
(55,941
)
 
23,363

 
(1,848
)
 
(63,087
)
 
 
 
 
 
 
 
 
 
 
Income (loss) before taxes
(51,227
)
 
70,868

 
52,537

 
—

 
72,178

Provision (benefit) for income taxes
(7,425
)
 
20,534

 
13,447

 
—

 
26,556

Income (loss) before equity in net income of subsidiaries
(43,802
)
 
50,334

 
39,090

 
—

 
45,622

Equity in net income (loss) of subsidiaries
81,089

 
44,303

 
50,334

 
(175,726
)
 
—

Income (loss) from continuing operations
$
37,287

 
$
94,637

 
$
89,424

 
$
(175,726
)
 
$
45,622

Income from operations of discontinued businesses
—

 
—

 
(11,050
)
 
—

 
(11,050
)
Provision (benefit) from income taxes
—

 
—

 
(2,715
)
 
—

 
(2,715
)
Income (loss) from discontinued operations
—

 
—

 
(8,335
)
 
—

 
(8,335
)
Net income (loss)
$
37,287

 
$
94,637

 
$
81,089

 
$
(175,726
)
 
$
37,287

 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
5,483

 
$
87,851

 
$
87,875

 
$
(175,726
)
 
$
5,483


















CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the Year Ended September 30, 2018

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

 
$
1,638,792

 
$
367,149

 
$
(28,023
)
 
$
1,977,918

Cost of goods and services
—

 
1,232,398

 
245,687

 
(29,348
)
 
1,448,737

Gross profit
—

 
406,394

 
121,462

 
1,325

 
529,181

Selling, general and administrative expenses
37,540

 
308,338

 
90,872

 
(370
)
 
436,380

Income (loss) from operations
(37,540
)
 
98,056

 
30,590

 
1,695

 
92,801

Other income (expense)
 

 
 

 
 

 
 

 
 

Interest income (expense), net
(23,911
)
 
(31,913
)
 
(8,047
)
 
—

 
(63,871
)
Other, net
(7,666
)
 
125,531

 
(111,248
)
 
(1,737
)
 
4,880

Total other income (expense)
(31,577
)
 
93,618

 
(119,295
)
 
(1,737
)
 
(58,991
)
Income (loss) before taxes
(69,117
)
 
191,674

 
(88,705
)
 
(42
)
 
33,810

Provision (benefit) for income taxes
(17,692
)
 
9,546

 
8,743

 
(42
)
 
555

Income (loss) before equity in net income of subsidiaries
(51,425
)
 
182,128

 
(97,448
)
 
—

 
33,255

Equity in net income (loss) of subsidiaries
177,103

 
(151,864
)
 
182,128

 
(207,367
)
 
—

Income (loss) from continuing operations
125,678

 
30,264

 
84,680

 
(207,367
)
 
33,255

Income (loss) from operations of discontinued businesses
—

 
119,981

 
—

 
—

 
119,981

Provision (benefit) from income taxes
—

 
27,558

 
—

 
—

 
27,558

Income (loss) from discontinued operations
—

 
92,423

 
—

 
—

 
92,423

Net Income (loss)
$
125,678

 
$
122,687

 
$
84,680

 
$
(207,367
)
 
$
125,678

 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
152,047

 
$
143,936

 
$
81,389

 
$
(225,325
)
 
$
152,047

























CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
For the Year Ended September 30, 2017
 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
Revenue
$
—

 
$
1,284,189

 
$
270,520

 
$
(29,712
)
 
$
1,524,997

Cost of goods and services
—

 
966,283

 
181,634

 
(31,046
)
 
1,116,871

Gross profit
—

 
317,906

 
88,886

 
1,334

 
408,126

Selling, general and administrative expenses
40,231

 
236,766

 
64,465

 
(370
)
 
341,092

Income (loss) from operations
(40,231
)
 
81,140

 
24,421

 
1,704

 
67,034

Other income (expense)
 

 
 

 
 

 
 

 
 

Interest income (expense), net
(13,804
)
 
(24,242
)
 
(13,403
)
 
—

 
(51,449
)
Other, net
(1,983
)
 
5,431

 
(631
)
 
(1,704
)
 
1,113

Total other income (expense)
(15,787
)
 
(18,811
)
 
(14,034
)
 
(1,704
)
 
(50,336
)
Income (loss) before taxes from continuing operations
(56,018
)
 
62,329

 
10,387

 
—

 
16,698

Provision (benefit) for income taxes
(11,338
)
 
24,560

 
(14,307
)
 
—

 
(1,085
)
Income (loss) before equity in net income of subsidiaries
(44,680
)
 
37,769

 
24,694

 
—

 
17,783

Equity in net income (loss) of subsidiaries
59,592

 
(25,231
)
 
37,770

 
(72,131
)
 
—

Income (loss) from continuing operations
14,912

 
12,538

 
62,464

 
(72,131
)
 
17,783

Income from operations of discontinued businesses
—

 
16,827

 
5,449

 
—

 
22,276

Provision (benefit) from income taxes
—

 
4,476

 
20,671

 
—

 
25,147

Loss from discontinued operations
—

 
12,351

 
(15,222
)
 
—

 
(2,871
)
Net income (loss)
$
14,912

 
$
24,889

 
$
47,242

 
$
(72,131
)
 
$
14,912

 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss)
$
35,672

 
$
35,575

 
$
38,337

 
$
(73,912
)
 
$
35,672
Condensed Cash Flow Statement
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended September 30, 2019
 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Net income (loss)
$
37,287

 
$
94,637

 
$
81,089

 
$
(175,726
)
 
$
37,287

Net (income) loss from discontinued operations
—

 
—

 
8,335

 
—

 
8,335

Net cash provided by operating activities
42,159

 
41,992

 
29,807

 
—

 
113,958

CASH FLOWS FROM INVESTING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Acquisition of property, plant and equipment
(542
)
 
(38,872
)
 
(5,947
)
 
—

 
(45,361
)
Acquired business, net of cash acquired
(9,219
)
 
—

 
—

 
—

 
(9,219
)
Proceeds from sale of business
(9,500
)
 
—

 
—

 
—

 
(9,500
)
Insurance proceeds
(10,604
)
 
—

 
—

 
—

 
(10,604
)
Proceeds from sale of assets
—

 
254

 
26

 
—

 
280

Investment purchases
(149
)
 
—

 
—

 
—

 
(149
)
Net cash used in investing activities
(30,014
)
 
(38,618
)
 
(5,921
)
 
—

 
(74,553
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Purchase of shares for treasury
(1,478
)
 
—

 
—

 
—

 
(1,478
)
Proceeds from long-term debt
163,297

 
—

 
38,451

 
—

 
201,748

Payments of long-term debt
(173,345
)
 
(2,973
)
 
(41,930
)
 
—

 
(218,248
)
Change in short-term borrowings
—

 
(366
)
 
—

 
—

 
(366
)
Financing costs
(1,090
)
 
—

 
—

 
—

 
(1,090
)
Acquisition costs
—

 
—

 
(1,686
)
 
—

 
(1,686
)
Dividends paid
(13,676
)
 
—

 
—

 
—

 
(13,676
)
Other, net
(180
)
 
8,830

 
(8,830
)
 
—

 
(180
)
Net cash provided by (used in) financing activities
(26,472
)
 
5,491

 
(13,995
)
 
—

 
(34,976
)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
 

 
 

 
 

 
 

 
 

Net cash used in discontinued operations
—

 
—

 
(2,123
)
 
—

 
(2,123
)
Effect of exchange rate changes on cash and equivalents
—

 
(1
)
 
314

 
—

 
313

NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS
(14,327
)
 
8,864

 
8,082

 
—

 
2,619

CASH AND EQUIVALENTS AT BEGINNING OF PERIOD
15,976

 
16,353

 
37,429

 
—

 
69,758

CASH AND EQUIVALENTS AT END OF PERIOD
$
1,649

 
$
25,217

 
$
45,511

 
$
—

 
$
72,377






CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended September 30, 2018
 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Net income (loss)
$
125,678

 
$
122,687

 
$
84,680

 
$
(207,367
)
 
$
125,678

Net (income) loss from discontinued operations
—

 
(92,423
)
 
—

 
—

 
(92,423
)
Net cash provided by (used in) operating activities
381,417

 
(405,174
)
 
108,981

 
(27,032
)
 
58,192

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Acquisition of property, plant and equipment
(544
)
 
(41,531
)
 
(8,063
)
 
—

 
(50,138
)
Acquired business, net of cash acquired
(368,936
)
 
(4,843
)
 
(57,153
)
 
—

 
(430,932
)
Proceeds from sale of business
—

 
474,727

 
—

 
—

 
474,727

Insurance proceeds (payments)
8,254

 
—

 
—

 
—

 
8,254

Proceeds from sale of assets
—

 
62

 
601

 
—

 
663

Net cash provided by (used in) investing activities
(361,226
)
 
428,415

 
(64,615
)
 
—

 
2,574

CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Purchase of shares for treasury
(45,605
)
 
—

 
—

 
—

 
(45,605
)
Proceeds from long-term debt
411,623

 
2,125

 
29,310

 
—

 
443,058

Payments of long-term debt
(269,478
)
 
(5,403
)
 
(26,112
)
 
—

 
(300,993
)
Change in short-term borrowings
—

 
144

 
—

 
—

 
144

Financing costs
(7,793
)
 
—

 
—

 
—

 
(7,793
)
Dividends paid
(49,797
)
 
—

 
—

 
—

 
(49,797
)
Other, net
(46,405
)
 
4,733

 
14,691

 
27,032

 
51

Net cash provided by (used in) financing activities
(7,455
)
 
1,599

 
17,889

 
27,032

 
39,065

CASH FLOWS FROM DISCONTINUED OPERATIONS:
 
 
 
 
 
 
 
 
 
Net cash used in discontinued operations
—

 
(16,394
)
 
(62,533
)
 
—

 
(78,927
)
Effect of exchange rate changes on cash and equivalents
—

 
(159
)
 
1,332

 
—

 
1,173

NET INCREASE IN CASH AND EQUIVALENTS
12,736

 
8,287

 
1,054

 
—

 
22,077

CASH AND EQUIVALENTS AT BEGINNING OF PERIOD
3,240

 
8,066

 
36,375

 
—

 
47,681

CASH AND EQUIVALENTS AT END OF PERIOD
$
15,976

 
$
16,353

 
$
37,429

 
$
—

 
$
69,758







CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
For the Year Ended September 30, 2017
 
Parent Company
 
Guarantor Companies
 
Non-Guarantor Companies
 
Elimination
 
Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Net income (loss)
$
14,912

 
$
24,889

 
$
47,242

 
$
(72,131
)
 
$
14,912

Net income (loss) from discontinued operations
—

 
(12,351
)
 
15,222

 
—

 
2,871

Net cash provided by (used in) operating activities
(10,771
)
 
56,320

 
3,602

 
—

 
49,151

CASH FLOWS FROM INVESTING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Acquisition of property, plant and equipment
(15
)
 
(27,902
)
 
(7,020
)
 
—

 
(34,937
)
Acquired business, net of cash acquired
—

 
—

 
(34,719
)
 
—

 
(34,719
)
Investment purchases
(1,824
)
 
—

 
—

 
—

 
(1,824
)
Proceeds from sale of property, plant and equipment
—

 
144

 
(1
)
 
—

 
143

Net cash used in investing activities
(1,839
)
 
(27,758
)
 
(41,740
)
 
—

 
(71,337
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

Purchase of shares for treasury
(15,841
)
 
—

 
—

 
—

 
(15,841
)
Proceeds from long-term debt
201,124

 
—

 
32,319

 
—

 
233,443

Payments of long-term debt
(149,109
)
 
(1,282
)
 
(20,063
)
 
—

 
(170,454
)
Share premium payment on settled debt
(24,997
)
 
—

 
—

 
—

 
(24,997
)
Financing costs
(1,548
)
 
—

 
—

 
—

 
(1,548
)
Purchase of ESOP shares
(10,908
)
 
—

 
—

 
—

 
(10,908
)
Dividends paid
(10,325
)
 
—

 
—

 
—

 
(10,325
)
Other, net
20,937

 
(34,806
)
 
13,799

 
—

 
(70
)
Net cash provided by (used in) financing activities
9,333

 
(36,088
)
 
26,055

 
—

 
(700
)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
 

 
 

 
 

 
 

 
 

Net cash provided by (used in) discontinued operations
—

 
(12,100
)
 
9,950

 
—

 
(2,150
)
Effect of exchange rate changes on cash and equivalents
—

 
—

 
164

 
—

 
164

NET DECREASE IN CASH AND EQUIVALENTS
(3,277
)
 
(19,626
)
 
(1,969
)
 
—

 
(24,872
)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD
6,517

 
27,692

 
38,344

 
—

 
72,553

CASH AND EQUIVALENTS AT END OF PERIOD
$
3,240

 
$
8,066

 
$
36,375

 
$
—

 
$
47,681