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Segment Information

3 Months Ended

Dec. 31, 2021

Segment Reporting, Measurement Disclosures [Abstract]

Segment Reporting Disclosure [Text Block]

Segment Information We adopted a new management structure effective October 1, 2021; 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. Summarized financial information for our segments is presented below.

			Three months ended
			December 31,
			2021						2020
			(in millions)
Net sales, excluding intercompany:
Water Flow Solutions			$	154.9					$	128.8
Water Management Solutions			117.4						108.6
			$	272.3					$	237.4
Operating income (loss):
Water Flow Solutions			$	31.3					$	23.1
Water Management Solutions			11.4						17.0
Corporate			(13.8)						(12.3)
			$	28.9					$	27.8
Depreciation and amortization:
Water Flow Solutions			$	7.4					$	7.4
Water Management Solutions			7.7						7.2
Corporate			0.1						0.1
			$	15.2					$	14.7
Strategic reorganization and other charges:
Water Flow Solutions			$	—					$	0.1
Water Management Solutions			0.1						—
Corporate			2.3						1.3
			$	2.4					$	1.4
Capital expenditures:
Water Flow Solutions			$	9.4					$	12.3
Water Management Solutions			1.6						3.2
Corporate			—						0.1
			$	11.0					$	15.6
Water Flow Solutions disaggregated net revenues:
Central			$	40.5					$	35.0
Northeast			30.0						24.9
Southeast			37.3						23.1
West			38.1						36.3
United States			145.9						119.3
Canada			7.9						5.7
Other international locations			1.1						3.8
			$	154.9					$	128.8
Water Management Solutions disaggregated net revenues:
Central			$	28.8					$	26.8
Northeast			24.3						24.4
Southeast			25.5						22.6
West			24.7						22.1
United States			103.3						95.9
Canada			7.6						6.7
Other international locations			6.5						6.0
			$	117.4					$	108.6

X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599

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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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