Other Income and Expenses

12 Months Ended

Sep. 30, 2020

Other Income and Expenses [Abstract]

Other Income and Other Expense Disclosure

Supplemental Statement of Operations Information During October 2018, we announced the move of our Middleborough, Massachusetts facility to Atlanta, which will allow us to consolidate our resources and accelerate product innovation through creation of a research and development center of excellence for software and electronics in Atlanta, Georgia. We incurred expenses of $0.5 million and $4.3 million as of September 30, 2020 and 2019, respectively, related to this reorganization, which are included in other charges, and it was essentially completed in 2020.

During November 2019, we announced the purchase of a new facility in Kimball, Tennessee, which will allow us to support and enhance our investment in our Chattanooga large casting foundry. As a result of this reorganization, we announced the subsequent closures of our facilities in Hammond, Indiana and Woodland, Washington. We have incurred expenses of $2.5 million related to this reorganization in fiscal 2020, which is included in other charges.

On February 15, 2019, we experienced a mass shooting tragedy at our Henry Pratt facility in Aurora, Illinois. The event resulted in the deaths of five employees and injuries to one employee and six law enforcement officials. For the years ended September 30, 2020 and September 30, 2019, we incurred expenses of $0.9 million and $5.1 million, respectively, related to this tragedy, which are included in other charges. These amounts are net of anticipated insurance recoveries.

Selected supplemental statement of operations information is presented below.

	2020		2019		2018
	(in millions)
Included in selling, general and administrative expenses:
Research and development	$	15.0	$	14.3	$	11.6
Advertising	3.3		7.1		7.1
Interest expense, net:
5.5% Senior Notes	$	24.8	$	24.8	$	7.5
Deferred financing costs amortization	1.2		1.2		1.6
ABL Agreement	0.6		0.6		0.6
Interest rate swap contracts	—		—		0.6
Term Loan	—		—		14.4
Capitalized interest	(0.3)		(3.0)		—
Other interest expense	0.3		(0.2)		0.6
	26.6		23.3		25.3
Interest income	(1.1)		(3.5)		(4.4)
	$	25.5	$	19.8	$	20.9