Segment Reporting

12 Months Ended

Jan. 31, 2016

Segment Reporting

Segment Reporting

13. SEGMENT REPORTING

The Company is organized based on the products and services it offers. As a result of the ESG acquisitions, the Company determined that ESG met the requirements of a reportable segment, and its operations during 2013 were not significant. The Company’s ASG reportable segment, which is also its operating segment, is comprised of consumables management and is in a single line of business. The segment regularly reports its results of operations and makes requests for capital expenditures and acquisition funding to the Company’s chief operational decision‑making group. This group is comprised of the Chairman and Chief Executive Officer and the President and Chief Operating Officer.

The following table presents revenues and other financial information by business segment:

	Year Ended January 31, 2016
	Aerospace Solutions Group		Energy Services Group		Consolidated
Revenues	$	1,312.5	$	254.9	$	1,567.4
Operating earnings(loss)(1)		211.6		(748.4)		(536.8)
Total assets(2)		3,422.8		268.2		3,691.0
Goodwill		952.4		2.5		954.9
Capital expenditures(3)		30.4		100.1		130.5
Depreciation and amortization		28.1		46.9		75.0

	Year Ended December 31, 2014
	Aerospace Solutions Group		Energy Services Group		Consolidated
Revenues	$	1,310.2	$	385.5	$	1,695.7
Operating earnings(1)		192.0		54.8		246.8
Total assets(2)		3,298.4		982.2		4,280.6
Goodwill		986.3		342.4		1,328.7
Capital expenditures(3)		17.7		119.1		136.8
Depreciation and amortization		28.0		40.0		68.0

	Year Ended December 31, 2013
	Aerospace Solutions Group		Energy Services Group		Consolidated
Revenues	$	1,268.1	$	23.5	$	1,291.6
Operating earnings(loss)(1)		240.2		(1.7)		238.5
Total assets(2)		2,937.3		126.7		3,064.0
Goodwill		1,027.7		42.1		1,069.8
Capital expenditures(3)		25.3		4.1		29.4
Depreciation and amortization		25.8		2.0		27.8

	Month Ended January 31, 2015
	Aerospace Solutions Group		Energy Services Group		Consolidated
Revenues	$	93.1	$	39.9	$	133.0
Operating earnings(1)		12.9		4.8		17.7
Total assets(2)		3,252.2		972.4		4,224.6
Goodwill		965.8		320.7		1,286.5
Capital expenditures(3)		1.7		4.5		6.2
Depreciation and amortization		2.4		4.9		7.3

(1) Operating earnings includes an allocation of corporate IT costs, employee benefits and general and administrative costs. The allocations were made on a direct usage basis when identifiable, with the remainder allocated on the basis of revenues generated, costs incurred, headcount or other measures.

(2) Corporate assets (including cash and cash equivalents) of $559.5,  $451.6,  $508.4 and $0 at January 31, 2016 and 2015 and December 31, 2014 and 2013, respectively, have been allocated to the above segments based on each segment’s percentage of total assets.

(3) Corporate capital expenditures have been allocated to the above segments based on each segment’s percentage of total capital expenditures.

Geographic Information

The Company operates principally in three geographic areas, the United States, Europe (primarily Germany) and emerging markets, such as Asia, the Pacific Rim and the Middle East. There were no significant transfers among geographic areas during these periods.

The following table presents revenues and operating (loss) earnings based on the originating location for the years ended January 31, 2016, December 31, 2014 and 2013 and the one month ended January 31, 2015. Additionally, it presents all identifiable assets related to the operations in each geographic area as of January 31, 2016 and 2015:

	Year Ended						Month Ended
	January 31, 2016		December 31, 2014		December 31, 2013		January 31, 2015
Revenues:
Domestic	$	1,453.4	$	1,505.3	$	1,116.6	$	124.1
Foreign		114.0		190.4		175.0		8.9
	$	1,567.4	$	1,695.7	$	1,291.6	$	133.0
Operating (loss) earnings:
Domestic	$	(561.0)	$	195.5	$	170.9	$	15.0
Foreign		24.2		51.3		67.6		2.7
	$	(536.8)	$	246.8	$	238.5	$	17.7

	January 31, 2016		January 31, 2015
Identifiable assets:
Domestic	$	3,182.2	$	3,710.3
Foreign		508.8		514.3
	$	3,691.0	$	4,224.6

Revenues by geographic area, based on destination, for the years ended January 31, 2016, December 31, 2014 and 2013 and the one month ended January 31, 2015 were as follows:

	Year Ended												Month Ended
	January 31, 2016				December 31, 2014				December 31, 2013				January 31, 2015
			% of				% of				% of				% of
	Revenues		Revenues		Revenues		Revenues		Revenues		Revenues		Revenues		Revenues
U.S.	$	955.3	61.0	%	$	1,111.5	65.5	%	$	749.1	58.0	%	$	90.1	67.7	%
Europe		376.3	24.0	%		374.2	22.1	%		350.6	27.1	%		28.3	21.3	%
Asia, Pacific Rim, Middle East and other		235.8	15.0	%		210.0	12.4	%		191.9	14.9	%		14.6	11.0	%
	$	1,567.4	100.0	%	$	1,695.7	100.0	%	$	1,291.6	100.0	%	$	133.0	100.0	%

Export revenues from the United States to customers in foreign countries amounted to $457.9,  $414.3,  $361.4and $29.6in the years ended January 31, 2016, December 31, 2014 and 2013 and the one month ended January 31, 2015, respectively.