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Business Segment Information (Tables) | 12 Months Ended
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Oct. 31, 2018
Segment Reporting [Abstract] |
Selected Financial Information of Segments | Selected financial information of the Company’s segments is as follows:
|  | Fiscal Year 2018 |
|  | Fire & Emergency |  |  | Commercial |  |  | Recreation |  |  | Corporate, Other & Elims |  |  | Consolidated |
Net Sales |  | $ | 956.6 |  |  | $ | 638.5 |  |  | $ | 811.9 |  |  | $ | (25.7 | ) |  | $ | 2,381.3 |
Depreciation and amortization |  | $ | 15.3 |  |  | $ | 10.0 |  |  | $ | 13.4 |  |  | $ | 7.3 |  |  | $ | 46.0 |
Capital expenditures |  | $ | 7.9 |  |  | $ | 4.2 |  |  | $ | 9.7 |  |  | $ | 18.8 |  |  | $ | 40.6 |
Total assets |  | $ | 612.4 |  |  | $ | 293.2 |  |  | $ | 383.2 |  |  | $ | 119.3 |  |  | $ | 1,408.1 |
Adjusted EBITDA |  | $ | 86.0 |  |  | $ | 38.1 |  |  | $ | 60.4 |  |  | $ | (36.5 | ) |  |  |  |
|  | Fiscal Year 2017 |
|  | Fire & Emergency |  |  | Commercial |  |  | Recreation |  |  | Corporate and Other |  |  | Consolidated |
Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales—External Customers |  | $ | 984.0 |  |  | $ | 620.1 |  |  | $ | 659.8 |  |  | $ | 3.9 |  |  | $ | 2,267.8 |
Net Sales—Intersegment |  | $ | — |  |  | $ | 9.4 |  |  | $ | 12.9 |  |  | $ | (22.3 | ) |  | $ | — |
Depreciation and amortization |  | $ | 14.6 |  |  | $ | 8.5 |  |  | $ | 11.0 |  |  | $ | 3.7 |  |  | $ | 37.8 |
Capital expenditures |  | $ | 9.5 |  |  | $ | 6.4 |  |  | $ | 5.5 |  |  | $ | 32.6 |  |  | $ | 54.0 |
Total assets |  | $ | 606.0 |  |  | $ | 281.6 |  |  | $ | 263.9 |  |  | $ | 102.9 |  |  | $ | 1,254.4 |
Adjusted EBITDA |  | $ | 109.5 |  |  | $ | 50.5 |  |  | $ | 36.2 |  |  | $ | (33.7 | ) |  |  |  |
|  | Fiscal Year 2016 |
|  | Fire & Emergency |  |  | Commercial |  |  | Recreation |  |  | Corporate and Other |  |  | Consolidated |
Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Sales—External Customers |  | $ | 768.1 |  |  | $ | 679.0 |  |  | $ | 478.1 |  |  | $ | 0.8 |  |  | $ | 1,926.0 |
Net Sales—Intersegment |  | $ | — |  |  | $ | — |  |  | $ | 10.6 |  |  | $ | (10.6 | ) |  | $ | — |
Depreciation and amortization |  | $ | 9.7 |  |  | $ | 8.1 |  |  | $ | 5.0 |  |  | $ | 1.8 |  |  | $ | 24.6 |
Capital expenditures |  | $ | 9.6 |  |  | $ | 5.9 |  |  | $ | 3.6 |  |  | $ | 18.4 |  |  | $ | 37.5 |
Total assets |  | $ | 411.0 |  |  | $ | 269.0 |  |  | $ | 172.0 |  |  | $ | 37.0 |  |  | $ | 889.0 |
Adjusted EBITDA |  | $ | 85.2 |  |  | $ | 53.4 |  |  | $ | 11.0 |  |  | $ | (26.8 | ) |  |  |  |
Net Sales by Geographic Region Based on Product Shipment Destination | The following tables present net sales by geographic region based on product shipment destination for fiscal years 2018, 2017 and 2016:
|  | Fiscal Year 2018 |
|  | U.S. and Canada |  |  | Europe/ Africa |  |  | Rest of World |  |  | Total |
Fire & Emergency |  | $ | 938.2 |  |  | $ | 3.3 |  |  | $ | 15.1 |  |  | $ | 956.6 |
Commercial |  |  | 632.3 |  |  |  | — |  |  |  | 6.2 |  |  |  | 638.5 |
Recreation |  |  | 808.2 |  |  |  | — |  |  |  | 3.7 |  |  |  | 811.9 |
Corporate, Other & Elims |  |  | (26.2 | ) |  |  | 0.1 |  |  |  | 0.4 |  |  |  | (25.7 | )
Total Net Sales |  | $ | 2,352.5 |  |  | $ | 3.4 |  |  | $ | 25.4 |  |  | $ | 2,381.3 |
|  | Fiscal Year 2017 |
|  | U.S. and Canada |  |  | Europe/ Africa |  |  | Rest of World |  |  | Total |
Fire & Emergency |  | $ | 969.4 |  |  | $ | 0.9 |  |  | $ | 13.7 |  |  | $ | 984.0 |
Commercial |  |  | 610.8 |  |  |  | — |  |  |  | 9.3 |  |  |  | 620.1 |
Recreation |  |  | 656.5 |  |  |  | — |  |  |  | 3.3 |  |  |  | 659.8 |
Corporate & Other |  |  | 3.9 |  |  |  | — |  |  |  | — |  |  |  | 3.9 |
Total Net Sales—External Customers |  | $ | 2,240.6 |  |  | $ | 0.9 |  |  | $ | 26.3 |  |  | $ | 2,267.8 |
Intersegment Sales |  | $ | 22.3 |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate Eliminations |  |  | (22.3 | ) |  |  | — |  |  |  | — |  |  |  | — |
|  | Fiscal Year 2016 |
|  | U.S. and Canada |  |  | Europe/ Africa |  |  | Rest of World |  |  | Total |
Fire & Emergency |  | $ | 758.5 |  |  | $ | 0.7 |  |  | $ | 8.9 |  |  | $ | 768.1 |
Commercial |  |  | 672.6 |  |  |  | 0.5 |  |  |  | 5.9 |  |  |  | 679.0 |
Recreation |  |  | 475.0 |  |  |  | — |  |  |  | 3.1 |  |  |  | 478.1 |
Corporate and other |  |  | 0.8 |  |  |  | — |  |  |  | — |  |  |  | 0.8 |
Total Net Sales—External Customers |  | $ | 1,906.9 |  |  | $ | 1.2 |  |  | $ | 17.9 |  |  | $ | 1,926.0 |
Intersegment Sales |  | $ | 10.6 |  |  |  | — |  |  |  | — |  |  |  | — |
Corporate Eliminations |  |  | (10.6 | ) |  |  | — |  |  |  | — |  |  |  | — |
Reconciliation of Segment Adjusted EBITDA to Net Income | Provided below is a reconciliation of segment Adjusted EBITDA to net income:
|  | Fiscal Year Ended |
|  | October 31, 2018 |  |  | October 31, 2017 |  |  | October 29, 2016 |
Fire & Emergency Adjusted EBITDA |  | $ | 86.0 |  |  | $ | 109.5 |  |  | $ | 85.2 |
Commercial Adjusted EBITDA |  |  | 38.1 |  |  |  | 50.5 |  |  |  | 53.4 |
Recreation Adjusted EBITDA |  |  | 60.4 |  |  |  | 36.2 |  |  |  | 11.0 |
Corporate and Other Adjusted EBITDA |  |  | (36.5 | ) |  |  | (33.7 | ) |  |  | (26.8 | )
Depreciation and amortization |  |  | (45.5 | ) |  |  | (37.8 | ) |  |  | (24.6 | )
Interest expense, net |  |  | (25.3 | ) |  |  | (20.7 | ) |  |  | (29.2 | )
Benefit (provision) for income taxes |  |  | 12.2 |  |  |  | (18.7 | ) |  |  | (13.0 | )
Transaction expenses |  |  | (2.8 | ) |  |  | (5.2 | ) |  |  | (1.6 | )
Sponsor expenses |  |  | (0.9 | ) |  |  | (0.6 | ) |  |  | (0.2 | )
Restructuring costs |  |  | (7.0 | ) |  |  | (4.5 | ) |  |  | (3.5 | )
Stock-based compensation expense |  |  | (6.3 | ) |  |  | (26.6 | ) |  |  | (19.7 | )
Non-cash purchase accounting |  |  | (0.9 | ) |  |  | (5.1 | ) |  |  | (0.8 | )
Loss on early extinguishment of debt |  |  | - |  |  |  | (11.9 | ) |  |  | - |
Legal matters |  |  | (5.5 | ) |  |  | - |  |  |  | - |
First year public company costs |  |  | (1.5 | ) |  |  | - |  |  |  | - |
Impairment charges |  |  | (35.6 | ) |  |  | - |  |  |  | - |
Losses attributable to assets held for sale |  |  | (9.9 | ) |  |  | - |  |  |  | - |
Deferred purchase price payment |  |  | (6.0 | ) |  |  | - |  |  |  | - |
Net Income |  | $ | 13.0 |  |  | $ | 31.4 |  |  | $ | 30.2 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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