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Segment Information
 12 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block] Segment Information
We adopted a new management structure effective October 1, 2021 which resulted in a change to our reportable segments. Prior period information has been recast to conform to the current presentation. The recasting has no effect on our previously reported consolidated balance sheets, consolidated statements of operations, or consolidated statements of cash flows. The two newly named business units and reportable segments are Water Flow Solutions and Water Management Solutions. Water Flow Solutions’ product portfolio includes iron gate valves, specialty valves and service brass products. Water Management Solutions’ product and service portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, pressure control and software products.
Segment results are not reflective of their results on a stand-alone basis. Intersegment sales and transfers are made at selling prices generally intended to cover costs. The determination of segment results excludes certain expenses designated as Corporate because they are not directly attributable to segment operations. Interest expense, loss on early extinguishment of debt and income taxes are not allocated to the segments. Corporate expenses include those costs incurred by our corporate function, such as accounting, treasury, risk management, human resources, legal, tax and other administrative functions. Corporate assets principally consist of our cash, operating lease assets, and certain real property previously owned by U.S. Pipe and Anvil. Business segment assets consist primarily of receivables, inventories, property, plant and equipment, intangible assets and other noncurrent assets.
The Company has two significant customers that comprise greater than 10% of our gross sales. One customer comprised 21%, 18%, and 17% of consolidated revenues for the fiscal years ended September 30, 2022, 2021, and 2020, respectively. The Company has outstanding accounts receivable from this customer of $52.1 million and $48.1 million as of September 30, 2022 and 2021, respectively. Another customer comprised 20%, 19%, and 17% of consolidated revenues for the fiscal years ended September 30, 2022, 2021, and 2020, respectively. The Company has outstanding accounts receivable from this customer of $38.6 million and $32.1 million as of September 30, 2022 and 2021, respectively. The Company reports revenue for these customers in both reportable segments, Water Flow Solutions and Water Management Solutions.

Geographical area information is presented below.

United StatesIsraelOtherTotal
 (in millions)
Property, plant and equipment, net:
September 30, 2022$284.9 $12.6 $4.1 $301.6 
September 30, 2021263.9 13.8 5.7 283.4 
Year ended
September 30,
202220212020
(in millions)
Water Flow Solutions disaggregated net revenues:
Central$190.9 $155.1 $133.6 
   Northeast125.3 110.4 95.1 
Southeast154.3 125.7 108.3 
West182.8 172.4 148.5 
   United States$653.3 $563.6 $485.5 
Canada55.0 45.7 39.4 
Other international locations5.8 8.5 7.3 
$714.1 $617.8 $532.2 
Water Management Solutions disaggregated net revenues:
Central$142.9 $125.6 $107.3 
Northeast115.1 100.2 112.1 
Southeast109.4 106.5 76.3 
West102.9 99.1 81.8 
    United States$470.3 $431.4 $377.5 
Canada39.2 38.1 33.4 
   Other international locations23.8 23.7 21.0 
$533.3 $493.2 $431.9 

Summarized financial information for our segments is presented below.
Water Flow
Solutions		Water Management
Solutions		CorporateTotal
 (in millions)
Net revenue:
2022$714.1 $533.3 $— $1,247.4 
2021617.8 493.2 — 1,111.0 
2020532.2 431.9 — 964.1 
Operating income (loss):
2022$118.3 $48.7 $(55.4)$111.6 
2021120.9 70.3 (59.5)131.7 
2020104.9 68.7 (56.8)116.8 
Depreciation and amortization:
2022$30.0 $30.3 $0.2 $60.5 
202130.5 28.9 0.2 59.6 
202028.9 28.7 0.2 57.8 
Strategic reorganization and other charges:
2022$0.2 $0.4 $6.6 $7.2 
20210.1 (0.4)8.3 8.0 
2020— 0.7 12.3 13.0 
Capital expenditures:
2022$43.4 $11.3 $— $54.7 
202151.0 11.6 0.1 62.7 
202057.3 10.1 0.3 67.7 
Intangible assets, net and goodwill
September 30, 2022$302.6 $157.2 $— $459.8 
September 30, 2021324.1 183.5 — 507.6 
Inventories, net:
September 30, 2022$160.5 $118.2 $— 278.7 
September 30, 2021$104.5 $80.2 $— 184.7