SEGMENT INFORMATION (Tables)

12 Months Ended

Sep. 30, 2022

Information about the Company's segments follows:


	Memorialization		Industrial Technologies		SGK Brand Solutions		Corporate and Non-Operating		Consolidated
Sales to external customers:
2022	$	840,124	$	335,523	$	586,756	$	—	$	1,762,403
2021	769,016		284,495		617,519		—		1,671,030
2020	656,035		228,453		613,818		—		1,498,306
Intersegment sales:
2022	—		1,057		1,295		—		2,352
2021	—		2,146		2,376		—		4,522
2020	4		3,629		2,621		—		6,254
Depreciation and amortization:
2022	23,228		11,387		64,173		5,268		104,056
2021	23,043		11,427		93,665		5,377		133,512
2020	20,527		11,923		81,445		5,163		119,058
Adjusted EBITDA:
2022	151,849		56,762		60,120		(58,323)		210,408
2021	165,653		34,889		91,435		(64,227)		227,750
2020	146,285		23,055		90,342		(56,602)		203,080
Total assets:
2022	800,666		414,019		631,291		36,795		1,882,771
2021	807,215		285,710		874,001		65,152		2,032,078
2020	779,886		255,512		951,533		85,702		2,072,633
Capital expenditures:
2022	28,899		13,646		14,287		4,489		61,321
2021	11,969		8,620		11,775		1,949		34,313
2020	11,282		14,058		7,790		1,719		34,849

A reconciliation of adjusted EBITDA to net income follows:


	2022		2021		2020
Total Adjusted EBITDA	$	210,408	$	227,750	$	203,080
RPA financing fees (1)	(1,046)		—		—
Strategic initiatives and other charges (2)**	(37,431)		(29,539)		(40,686)
Legal matter reserve (3)	—		—		(10,566)
Non-recurring / incremental COVID-19 costs (4)***	(2,985)		(5,312)		(3,908)
Defined benefit plan termination related items (5)	429		—		—
Asset write-downs, net (6)	(10,050)		—		—
Goodwill write-downs (7)	(82,454)		—		(90,408)
Gain on sale of ownership interests in subsidiaries (8)	—		—		11,208
Joint Venture depreciation, amortization, interest expense and other charges (9)	—		—		(4,732)
Stock-based compensation	(17,432)		(15,581)		(8,096)
Non-service pension and postretirement expense (10)	(31,823)		(5,837)		(7,789)
Depreciation and amortization *	(104,056)		(133,512)		(119,058)
Interest expense	(27,725)		(28,684)		(34,885)
Net loss attributable to noncontrolling interests	(54)		(52)		(497)
(Loss) income before income taxes	(104,219)		9,233		(106,337)
Income tax benefit (provision)	4,391		(6,375)		18,685
Net (loss) income	$	(99,828)	$	2,858	$	(87,652)


(1) Represents fees for receivables sold under the Company's RPA agreement (see Note 9, "Debt and Financing Arrangements").
(2) Includes certain non-recurring items associated with recent acquisition activities, costs associated with global ERP system integration efforts, certain non-recurring costs associated with productivity and cost-reduction initiatives intended to result in improved operating performance, profitability and working capital levels, and exchange losses associated with highly inflationary accounting (see Note 2, "Summary of Significant Accounting Policies").
(3) 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, "Debt and Financing Arrangements").
(4) 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.
(5) Represents items associated with the termination of the Company's DB Plan, supplemental retirement plan and the defined benefit portion of the officers retirement restoration plan.
(6) Represents asset write-downs, net of recoveries within the SGK Brand Solutions segment (see Note 23, "Asset Write-Downs").
(7) Represents goodwill write-downs within the SGK Brand Solutions segment (see Note 22, "Goodwill and Other Intangible Assets").
(8) Represents the gain on the sale of ownership interests in subsidiaries within the Memorialization segment.
(9) 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.
(10) Non-service pension and postretirement expense includes interest cost, expected return on plan assets, amortization of actuarial gains and losses, curtailment gains and losses, and settlement 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 and settlement 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 or settlements of plan obligations. 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 $23,228, $23,043, and $20,527 for the Memorialization segment, $11,387, $11,427, and $11,923 for the Industrial Technologies segment, $64,173, $93,665, and $81,445 for the SGK Brand Solutions segment, and $5,268, $5,377, and $5,163 for Corporate and Non-Operating, for the fiscal years ended September 30, 2022, 2021, and 2020, respectively.

** Acquisition costs, ERP integration costs, and strategic initiatives and other charges were $3,517, $1,923, and $2,696 for the Memorialization segment, $5,631, $4,026, and $2,517 for the Industrial Technologies segment, $19,359, $12,323, and $12,488 for the SGK Brand Solutions segment, and $8,924, $11,267, and $22,985 for Corporate and Non-Operating, for the fiscal years ended September 30, 2022, 2021, and 2020, respectively.

*** Non-recurring/incremental COVID-19 costs were $1,314, $3,646, and $1,819 for the Memorialization segment, $6, $38, and $32 for the Industrial Technologies segment, $1,199, $1,539, and $1,442 for the SGK Brand Solutions segment, and $466, $89, and $615 for Corporate and Non-Operating, for the fiscal years ended September 30, 2022, 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:
2022	$	1,230,267	$	4,729	$	444,606	$	21,206	$	61,595	$	1,762,403
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

Long-lived assets:
2022	822,566		10,787		242,614		14,895		42,778		1,133,640
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