SEGMENT INFORMATION (Tables)

12 Months Ended

Sep. 30, 2021

Information about the Company's segments follows:


	SGK Brand Solutions		Memorialization		Industrial Technologies		Corporate and Non-Operating		Consolidated
Sales to external customers:
2021	$	726,895	$	769,016	$	175,119	$	—	$	1,671,030
2020	693,093		656,035		149,178		—		1,498,306
2019	743,869		636,892		156,515		—		1,537,276
Intersegment sales:
2021	55		—		—		—		55
2020	29		4		281		—		314
2019	703		25		48		—		776
Depreciation and amortization:
2021	99,490		23,043		5,602		5,377		133,512
2020	87,597		20,527		5,771		5,163		119,058
2019	59,684		19,731		6,195		5,183		90,793
Adjusted EBITDA:
2021	99,665		165,653		26,659		(64,227)		227,750
2020	90,644		146,285		22,753		(56,602)		203,080
2019	119,493		134,286		24,082		(56,989)		220,872
Total assets:
2021	961,996		807,215		197,715		65,152		2,032,078
2020	1,014,097		779,886		192,948		85,702		2,072,633
2019	1,106,276		830,377		191,533		62,417		2,190,603
Capital expenditures:
2021	19,117		11,969		1,278		1,949		34,313
2020	20,250		11,282		1,598		1,719		34,849
2019	22,310		9,352		2,382		3,644		37,688

A reconciliation of adjusted EBITDA to net income follows:


	2021		2020		2019
Total Adjusted EBITDA	$	227,750	$	203,080	$	220,872
Acquisition related items (1)**	(541)		(3,440)		(10,084)
ERP integration costs (2)**	(1,037)		(2,296)		(7,508)
Strategic initiatives and other charges: (3)**
Workforce reductions and related costs	(10,644)		(9,232)		(5,061)
Other cost-reduction initiatives	(17,317)		(25,718)		(9,176)
Legal matter reserve (4)	—		(10,566)		—
Non-recurring / incremental COVID-19 costs (5)***	(5,312)		(3,908)		—
Goodwill write-downs (6)	—		(90,408)		(77,572)
Net realized gains (losses) on divestitures and asset dispositions:
Gain (loss) on sale of ownership interests in subsidiaries (7)	—		11,208		(6,469)
Realized loss on cost-method investments (8)	—		—		(4,731)
Net gains from the sale of buildings and vacant properties (9)	—		—		7,347
Joint Venture depreciation, amortization, interest expense and other charges (10)	—		(4,732)		(1,514)
Stock-based compensation	(15,581)		(8,096)		(7,729)
Non-service pension and postretirement expense (11)	(5,837)		(7,789)		(3,802)
Depreciation and amortization *	(133,512)		(119,058)		(90,793)
Interest expense	(28,684)		(34,885)		(40,962)
Net loss attributable to noncontrolling interests	(52)		(497)		(901)
Income (loss) before income taxes	9,233		(106,337)		(38,083)
Income tax (provision) benefit	(6,375)		18,685		(806)
Net income (loss)	$	2,858	$	(87,652)	$	(38,889)


(1) Includes certain non-recurring items associated with recent acquisition activities.
(2) Represents costs associated with global ERP system integration efforts.
(3) Includes certain non-recurring costs primarily associated with productivity and cost-reduction initiatives intended to result in improved operating performance, profitability and working capital levels.
(4) Represents a reserve established for a legal matter involving a letter of credit for a customer in Saudi Arabia within the Memorialization segment (see Note 9, "Long Term Debt").
(5) Includes certain non-recurring direct incremental costs (such as costs for purchases of computer peripherals and devices to facilitate working-from-home, additional personal protective equipment and cleaning supplies and services, etc.) incurred in response to COVID-19. This amount does not include the impact of any lost sales or underutilization due to COVID-19.
(6) Represents goodwill write-downs within the SGK Brand Solutions segment (see Note 21, "Goodwill and Other Intangible Assets").
(7) Represents the gain (loss) on the sale of ownership interests in subsidiaries within the Memorialization segment.
(8) Includes gains/losses related to cost-method investments, and related assets, within the SGK Brand Solutions and Memorialization segments.
(9) Includes significant building and vacant property transactions resulting in a gain of $8,663 within the Industrial Technologies segment and losses of $915 and $401 within the SGK Brand Solutions and Memorialization segments, respectively.
(10) Represents the Company's portion of depreciation, intangible amortization, interest expense, and other non-recurring charges incurred by non-consolidated subsidiaries accounted for as equity-method investments within the Memorialization segment.
(11) Non-service pension and postretirement expense includes interest cost, expected return on plan assets, amortization of actuarial gains and losses, and curtailment gains and losses. These benefit cost components are excluded from adjusted EBITDA since they are primarily influenced by external market conditions that impact investment returns and interest (discount) rates. Curtailment gains and losses are excluded from Adjusted EBITDA since they generally result from certain non-recurring events, such as plan amendments to modify future benefits. The service cost and prior service cost components of pension and postretirement expense are included in the calculation of adjusted EBITDA, since they are considered to be a better reflection of the ongoing service-related costs of providing these benefits. Please note that GAAP pension and postretirement expense or the adjustment above are not necessarily indicative of the current or future cash flow requirements related to these employee benefit plans.

* Depreciation and amortization was $99,490, $87,597, and $59,684 for the SGK Brand Solutions segment, $23,043, $20,527, and $19,731 for the Memorialization segment, $5,602, $5,771, and $6,195 for the Industrial Technologies segment, and $5,377, $5,163, and $5,183 for Corporate and Non-Operating, for the fiscal years ended September 30, 2021, 2020, and 2019, respectively.

** Acquisition costs, ERP integration costs, and strategic initiatives and other charges were $16,349, $14,737, and $8,903 for the SGK Brand Solutions segment and $11,267, $22,985, and $19,853 for Corporate and Non-Operating, for the fiscal years ended September 30, 2021, 2020, and 2019, respectively. Acquisition costs, ERP integration costs, and strategic initiatives and other charges were $1,923 and $2,696 for the Memorialization segment for the fiscal years ended September 30, 2021, and 2020, respectively. Acquisition costs, ERP integration costs, and strategic initiatives and other charges were $268 and $3,073 for the Industrial Technologies segment for the fiscal years ended September 30, 2020 and 2019, respectively.

*** Non-recurring/incremental COVID-19 costs were $1,563 and $1,453 for the SGK Brand Solutions segment, $3,646 and $1,819 for the Memorialization segment, $14 and $21 for the Industrial Technologies segment, and $89 and $615 for Corporate and Non-Operating, for the fiscal years ended September 30, 2021 and 2020, respectively.

Information about the Company's operations by geographic area follows:


	North America		Central and South America		Europe		Australia		Asia		Consolidated
Sales to external customers:
2021	$	1,141,396	$	5,036	$	446,274	$	23,568	$	54,756	$	1,671,030
2020	1,037,705		6,304		387,831		21,079		45,387		1,498,306
2019	1,038,268		5,853		426,253		20,885		46,017		1,537,276

Long-lived assets:
2021	890,545		14,226		277,655		21,012		55,598		1,259,036
2020	957,393		14,063		286,990		21,746		55,482		1,335,674
2019	1,047,505		15,585		342,802		21,278		57,729		1,484,899