XML 84 R40.htm IDEA: XBRL DOCUMENT v3.20.4
Business Segment Information (Tables)
12 Months Ended
Oct. 31, 2020
Segment Reporting [Abstract]  
Selected Financial Information of Segments

Selected financial information of the Company’s segments is as follows:

 

 

 

Fiscal Year 2020

 

 

 

Fire &

Emergency

 

 

Commercial

 

 

Recreation

 

 

Corporate,

Other & Elims

 

 

Consolidated

 

Net Sales

 

$

1,132.0

 

 

$

484.8

 

 

$

657.8

 

 

$

3.0

 

 

$

2,277.6

 

Depreciation and amortization

 

$

13.5

 

 

$

5.7

 

 

$

13.7

 

 

$

7.3

 

 

$

40.2

 

Capital expenditures

 

$

7.1

 

 

$

2.7

 

 

$

2.0

 

 

$

1.7

 

 

$

13.5

 

Total assets

 

$

731.3

 

 

$

207.1

 

 

$

305.4

 

 

$

68.5

 

 

$

1,312.3

 

Adjusted EBITDA

 

$

39.9

 

 

$

34.5

 

 

$

38.4

 

 

$

(45.3

)

 

 

 

 

 

 

 

 

Fiscal Year 2019

 

 

 

Fire &

Emergency

 

 

Commercial

 

 

Recreation

 

 

Corporate,

Other & Elims

 

 

Consolidated

 

Net Sales

 

$

967.9

 

 

$

720.0

 

 

$

716.3

 

 

$

(0.5

)

 

$

2,403.7

 

Depreciation and amortization

 

$

14.1

 

 

$

8.7

 

 

$

15.6

 

 

$

7.3

 

 

$

45.7

 

Capital expenditures

 

$

8.6

 

 

$

3.7

 

 

$

2.7

 

 

$

5.8

 

 

$

20.8

 

Total assets

 

$

617.2

 

 

$

317.7

 

 

$

316.4

 

 

$

95.8

 

 

$

1,347.1

 

Adjusted EBITDA

 

$

43.2

 

 

$

56.0

 

 

$

46.8

 

 

$

(43.9

)

 

 

 

 

 

 

 

Fiscal Year 2018

 

 

 

Fire &

Emergency

 

 

Commercial

 

 

Recreation

 

 

Corporate

and Other

 

 

Consolidated

 

Net Sales

 

$

956.6

 

 

$

638.5

 

 

$

811.9

 

 

$

(25.7

)

 

$

2,381.3

 

Depreciation and amortization

 

$

15.3

 

 

$

10.0

 

 

$

13.4

 

 

$

7.3

 

 

$

46.0

 

Capital expenditures

 

$

7.9

 

 

$

4.2

 

 

$

9.7

 

 

$

18.8

 

 

$

40.6

 

Total assets

 

$

612.4

 

 

$

293.2

 

 

$

383.2

 

 

$

119.3

 

 

$

1,408.1

 

Adjusted EBITDA

 

$

86.0

 

 

$

38.1

 

 

$

60.4

 

 

$

(36.5

)

 

 

 

 

Net Sales by Geographic Region Based on Product Shipment Destination

The following tables present net sales by geographic region based on product shipment destination for fiscal years 2020, 2019 and 2018:

 

 

Fiscal Year 2020

 

 

 

U.S.

and Canada

 

 

Europe/

Africa

 

 

Rest of

World

 

 

Total

 

Fire & Emergency

 

$

1,088.8

 

 

$

0.5

 

 

$

42.7

 

 

$

1,132.0

 

Commercial

 

 

480.2

 

 

 

0.9

 

 

 

3.7

 

 

 

484.8

 

Recreation

 

 

652.7

 

 

 

0.2

 

 

 

4.9

 

 

 

657.8

 

Corporate, Other & Elims

 

 

3.0

 

 

 

 

 

 

 

 

 

3.0

 

Total Net Sales

 

$

2,224.7

 

 

$

1.6

 

 

$

51.3

 

 

$

2,277.6

 

 

 

 

 

Fiscal Year 2019

 

 

 

U.S.

and Canada

 

 

Europe/

Africa

 

 

Rest of

World

 

 

Total

 

Fire & Emergency

 

$

909.0

 

 

$

3.1

 

 

$

55.8

 

 

$

967.9

 

Commercial

 

 

713.5

 

 

 

0.2

 

 

 

6.3

 

 

 

720.0

 

Recreation

 

 

706.4

 

 

 

0.6

 

 

 

9.3

 

 

 

716.3

 

Corporate, Other & Elims

 

 

(0.5

)

 

 

 

 

 

 

 

 

(0.5

)

Total Net Sales

 

$

2,328.4

 

 

$

3.9

 

 

$

71.4

 

 

$

2,403.7

 

 

 

 

Fiscal Year 2018

 

 

 

U.S.

and Canada

 

 

Europe/

Africa

 

 

Rest of

World

 

 

Total

 

Fire & Emergency

 

$

938.2

 

 

$

3.3

 

 

$

15.1

 

 

$

956.6

 

Commercial

 

 

632.3

 

 

 

 

 

 

6.2

 

 

 

638.5

 

Recreation

 

 

808.2

 

 

 

 

 

 

3.7

 

 

 

811.9

 

Corporate & Other

 

 

(26.2

)

 

 

0.1

 

 

 

0.4

 

 

 

(25.7

)

Total Net Sales—External Customers

 

$

2,352.5

 

 

$

3.4

 

 

$

25.4

 

 

$

2,381.3

 

Reconciliation of Segment Adjusted EBITDA to Net (Loss) Income

Provided below is a reconciliation of segment Adjusted EBITDA to net (loss) income:

 

 

 

Fiscal Year Ended

 

 

 

October 31,

2020

 

 

October 31,

2019

 

 

October 31,

2018

 

Fire & Emergency Adjusted EBITDA

 

$

39.9

 

 

$

43.2

 

 

$

86.0

 

Commercial Adjusted EBITDA

 

 

34.5

 

 

 

56.0

 

 

 

38.1

 

Recreation Adjusted EBITDA

 

 

38.4

 

 

 

46.8

 

 

 

60.4

 

Corporate and Other Adjusted EBITDA

 

 

(45.3

)

 

 

(43.9

)

 

 

(36.5

)

Depreciation and amortization

 

 

(40.2

)

 

 

(45.4

)

 

 

(45.5

)

Interest expense, net

 

 

(25.7

)

 

 

(32.4

)

 

 

(25.3

)

Benefit for income taxes

 

 

15.6

 

 

 

3.5

 

 

 

12.2

 

Transaction expenses

 

 

(3.3

)

 

 

(1.0

)

 

 

(2.8

)

Sponsor expense reimbursement

 

 

(0.5

)

 

 

(1.4

)

 

 

(0.9

)

Restructuring costs

 

 

(9.9

)

 

 

(5.7

)

 

 

(7.0

)

Restructuring related charges

 

 

(10.5

)

 

 

 

 

 

 

Stock-based compensation expense

 

 

(7.8

)

 

 

(7.2

)

 

 

(6.3

)

Legal matters

 

 

(1.8

)

 

 

(7.7

)

 

 

(5.5

)

Loss on sale of business

 

 

(11.1

)

 

 

 

 

 

 

Gain on acquisition of business

 

 

8.6

 

 

 

 

 

 

 

Impairment charges

 

 

(12.1

)

 

 

(8.9

)

 

 

(35.6

)

Earnings (losses) attributable to assets held for sale

 

 

0.8

 

 

 

(4.7

)

 

 

(9.9

)

Deferred purchase price payment

 

 

(0.1

)

 

 

(3.5

)

 

 

(6.0

)

First year public company costs

 

 

 

 

 

 

 

 

(1.5

)

Non-cash purchase accounting expense

 

 

 

 

 

 

 

 

(0.9

)

Net (Loss) Income

 

$

(30.5

)

 

$

(12.3

)

 

$

13.0