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Business Acquisitions, Goodwill and Intangible Assets (Tables)
12 Months Ended
Sep. 30, 2014
Business Acquisitions, Goodwill and Intangible Assets  
Schedule of estimated fair values of the assets acquired and liabilities assumed, as of the acquisition dates

 

                                                                                                                                                                                    

 

 

Fiscal Year Ended

 

 

 

September 30,
2014

 

September 30,
2013

 

September 30,
2012

 

 

 

(in millions)

 

Cash acquired

 

$

17.1

 

$

20.1

 

$

1.9

 

Other current assets

 

 

256.2

 

 

41.5

 

 

7.8

 

Goodwill

 

 

72.7

 

 

72.6

 

 

10.5

 

Intangible assets

 

 

11.9

 

 

9.4

 

 

1.5

 

Other non-current assets

 

 

16.5

 

 

8.6

 

 

3.3

 

Current liabilities

 

 

(274.1

)

 

(54.9

)

 

(8.8

)

Non-current liabilities

 

 

(11.8

)

 

(15.3

)

 

(0.8

)

 

 

 

 

 

 

 

 

Net assets acquired

 

$

88.5

 

$

82.0

 

$

15.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of acquired intangible assets from acquisitions

 

                                                                                                                                                                                    

 

 

Fiscal Year Ended

 

 

 

September 30,
2014

 

September 30,
2013

 

September 30,
2012

 

 

 

(in millions)

 

Backlog

 

$

5.8

 

$

4.2

 

$

0.7

 

Customer relationships

 

 

4.6

 

 

5.2

 

 

0.8

 

Trademark / tradename

 

 

1.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

$

11.9

 

$

9.4

 

$

1.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of consideration for acquisitions

 

                                                                                                                                                                                    

 

 

Fiscal Year Ended

 

 

 

September 30,
2014

 

September 30,
2013

 

September 30,
2012

 

 

 

(in millions)

 

Cash paid

 

$

70.2

 

$

62.1

 

$

14.5

 

Promissory notes

 

 

18.3

 

 

5.6

 

 

 

Equity issued

 

 

 

 

14.3

 

 

0.9

 

 

 

 

 

 

 

 

 

Total consideration

 

$

88.5

 

$

82.0

 

$

15.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of market multiples used in the goodwill impairment evaluation process

 

                                                                                                                                                                                    

 

 

September 30,

 

 

 

2012

 

2011

 

Market multiple of revenue:

 

 

 

 

 

 

 

EMEA

 

 

0.35

 

 

0.5

 

MSS

 

 

0.35

 

 

0.5

 

 

Schedule of the carrying values of reporting units before and after the goodwill impairment expense

 

                                                                                                                                                   

 

 

September 30, 2012

 

 

 

EMEA

 

MS

 

Carrying value before impairment

 

$

345.5

 

$

 

362.2

 

Goodwill impairment

 

(155.0

)

(181.0

)

Carrying value after impairment

 

$

190.5

 

$

181.2

 

 

 

Schedule of changes in the carrying value of goodwill by reportable segment

 

                                                                         

 

 

 

 

Fiscal Year 2014

 

 

 

September 30,
2013

 

Post-
Acquisition
Adjustments

 

Foreign
Exchange
Impact

 

Acquired

 

September 30,
2014

 

 

 

(in millions)

 

Design and Consulting Services

 

$

1,414.1

 

$

5.0

 

$

(31.3

)

$

91.4

 

$

1,479.2

 

Construction Services

 

216.5

 

 

 

60.4

 

276.9

 

Management Services

 

181.2

 

 

 

 

181.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,811.8

 

$

5.0

 

$

(31.3

)

$

151.8

 

$

1,937.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2013

 

 

 

September 30,
2012

 

Post-
Acquisition
Adjustments

 

Foreign
Exchange
Impact

 

Acquired

 

September 30,
2013

 

 

 

(in millions)

 

Design and Consulting Services

 

$

1,377.7

 

$

 

$

(36.2

)

$

72.6

 

$

1,414.1

 

Construction Services

 

216.5

 

 

 

 

216.5

 

Management Services

 

181.2

 

 

 

 

181.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1,775.4

 

$

 

$

(36.2

)

$

72.6

 

$

1,811.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of finite-lived intangible assets by major class

 

                                                                                                                                                                                    

 

 

September 30, 2014

 

September 30, 2013

 

Amortization

 

 

 

Gross
Amount

 

Accumulated
Amortization

 

Intangible
Assets, Net

 

Gross
Amount

 

Accumulated
Amortization

 

Intangible
Assets, Net

 

Period
(years)

 

 

 

(in millions)

 

 

 

Backlog

 

$

110.0

 

$

(97.4

)

$

12.6

 

$

94.9

 

$

(89.4

)

$

5.5

 

1 – 5

 

Customer relationships

 

161.6

 

(85.4

)

76.2

 

147.1

 

(69.5

)

77.6

 

10

 

Trademark / tradename

 

9.3

 

(7.9

)

1.4

 

7.8

 

(7.8

)

 

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

280.9

 

$

(190.7

)

$

90.2

 

$

249.8

 

$

(166.7

)

$

83.1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated future amortization expense of intangible assets

 

                                                                                                                                                                                    

Fiscal Year

 

(in millions)

 

2015

 

$

26.5

 

2016

 

 

17.5

 

2017

 

 

13.2

 

2018

 

 

9.9

 

2019

 

 

9.0

 

Thereafter

 

 

14.1

 

 

 

 

 

Total

 

$

90.2