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Revenue (Tables)
12 Months Ended
Sep. 30, 2020
Revenue From Contract With Customer [Abstract]  
Schedule of Reportable Segment Revenues, Disaggregated by Revenue

The following table presents the Company’s reportable segment revenues, disaggregated by revenue type. The Company disaggregates revenue from contracts with customers into major services lines. The Company has determined that disaggregating revenue into these categories achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. As noted in the business segment reporting information in Note 16 “Segments”, the Company’s reportable segments are Maintenance Services and Development Services. Revenues shown for fiscal 2018 is in accordance with ASC 605, Revenue Recognition.

 

 

 

 

Fiscal Year Ended September 30,

 

 

 

2020

 

 

2019

 

 

2018

 

Landscape Maintenance

 

$

1,576.0

 

 

$

1,568.3

 

 

$

1,522.5

 

Snow Removal

 

 

163.1

 

 

 

245.1

 

 

 

252.3

 

Maintenance Services

 

 

1,739.1

 

 

 

1,813.4

 

 

 

1,774.8

 

Development Services

 

 

610.6

 

 

 

595.4

 

 

 

583.3

 

Eliminations

 

 

(3.7

)

 

 

(4.2

)

 

 

(4.5

)

Net service revenues

 

$

2,346.0

 

 

$

2,404.6

 

 

$

2,353.6

 

Schedule of Contract Balances

Changes in deferred revenue for the fiscal year ended September 30, 2020 were as follows:

 

 

 

Deferred Revenue

 

Balance, October 1, 2019

 

$

49.1

 

Recognition of revenue

 

 

(1,008.0

)

Deferral of revenue

 

 

1,016.0

 

Balance, September 30, 2020

 

$

57.1