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v3.22.1

Business Segment Information (Tables) | 6 Months Ended
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Apr. 30, 2022
Segment Reporting [Abstract] |
Selected Financial Information of Segments | Selected financial information of the Company’s segments is as follows:
|  | Three Months Ended April 30, 2022 |
|  | Fire & Emergency |  |  | Commercial |  |  | Recreation |  |  | Corporate, Other & Elims |  |  | Consolidated |
Net sales |  | $ | 245.0 |  |  | $ | 90.7 |  |  | $ | 241.0 |  |  | $ | (0.4 | ) |  | $ | 576.3 |
Depreciation and amortization |  | $ | 4.0 |  |  | $ | 0.8 |  |  | $ | 3.4 |  |  | $ | 0.5 |  |  | $ | 8.7 |
Capital expenditures |  | $ | 1.8 |  |  | $ | 0.4 |  |  | $ | 1.6 |  |  | $ | 0.2 |  |  | $ | 4.0 |
Total assets |  | $ | 657.8 |  |  | $ | 228.8 |  |  | $ | 347.2 |  |  | $ | 52.0 |  |  | $ | 1,285.8 |
Adjusted EBITDA |  | $ | (2.2 | ) |  | $ | 4.4 |  |  | $ | 28.7 |  |  | $ | (7.1 | ) |  |  |
|  | Three Months Ended April 30, 2021 |
|  | Fire & Emergency |  |  | Commercial |  |  | Recreation |  |  | Corporate, Other & Elims |  |  | Consolidated |
Net sales |  | $ | 307.6 |  |  | $ | 98.4 |  |  | $ | 237.9 |  |  | $ | (0.3 | ) |  | $ | 643.6 |
Depreciation and amortization |  | $ | 3.0 |  |  | $ | 0.7 |  |  | $ | 3.5 |  |  | $ | 0.8 |  |  | $ | 8.0 |
Capital expenditures |  | $ | 3.6 |  |  | $ | 0.3 |  |  | $ | 0.9 |  |  | $ | 0.9 |  |  | $ | 5.7 |
Total assets |  | $ | 694.4 |  |  | $ | 208.1 |  |  | $ | 330.7 |  |  | $ | 59.7 |  |  | $ | 1,292.9 |
Adjusted EBITDA |  | $ | 21.7 |  |  | $ | 8.3 |  |  | $ | 25.1 |  |  | $ | (9.6 | ) |  |  |
|  | Six Months Ended April 30, 2022 |
|  | Fire & Emergency |  |  | Commercial |  |  | Recreation |  |  | Corporate, Other & Elims |  |  | Consolidated |
Net sales |  | $ | 482.4 |  |  | $ | 188.3 |  |  | $ | 443.6 |  |  | $ | (1.0 | ) |  | $ | 1,113.3 |
Depreciation and amortization |  | $ | 8.4 |  |  | $ | 1.5 |  |  | $ | 7.3 |  |  | $ | 1.1 |  |  | $ | 18.3 |
Capital expenditures |  | $ | 4.2 |  |  | $ | 1.0 |  |  | $ | 2.7 |  |  | $ | 0.6 |  |  | $ | 8.5 |
Total assets |  | $ | 657.8 |  |  | $ | 228.8 |  |  | $ | 347.2 |  |  | $ | 52.0 |  |  | $ | 1,285.8 |
Adjusted EBITDA |  | $ | (0.4 | ) |  | $ | 12.2 |  |  | $ | 45.8 |  |  | $ | (15.5 | ) |  |  |
|  | Six Months Ended April 30, 2021 |
|  | Fire & Emergency |  |  | Commercial |  |  | Recreation |  |  | Corporate, Other & Elims |  |  | Consolidated |
Net sales |  | $ | 588.2 |  |  | $ | 181.5 |  |  | $ | 428.0 |  |  | $ | (0.1 | ) |  | $ | 1,197.6 |
Depreciation and amortization |  | $ | 6.1 |  |  | $ | 1.5 |  |  | $ | 7.1 |  |  | $ | 2.0 |  |  | $ | 16.7 |
Capital expenditures |  | $ | 4.9 |  |  | $ | 1.1 |  |  | $ | 1.3 |  |  | $ | 1.3 |  |  | $ | 8.6 |
Total assets |  | $ | 694.4 |  |  | $ | 208.1 |  |  | $ | 330.7 |  |  | $ | 59.7 |  |  | $ | 1,292.9 |
Adjusted EBITDA |  | $ | 31.9 |  |  | $ | 15.5 |  |  | $ | 40.2 |  |  | $ | (18.7 | ) |  |  |
Reconciliation of Segment Adjusted EBITDA to Net (Loss) Income | Provided below is a reconciliation of segment Adjusted EBITDA to net (loss) income:
|  | Three Months Ended April 30, |  |  | Six Months Ended April 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Fire & Emergency Adjusted EBITDA |  | $ | (2.2 | ) |  | $ | 21.7 |  |  | $ | (0.4 | ) |  | $ | 31.9 |
Commercial Adjusted EBITDA |  |  | 4.4 |  |  |  | 8.3 |  |  |  | 12.2 |  |  |  | 15.5 |
Recreation Adjusted EBITDA |  |  | 28.7 |  |  |  | 25.1 |  |  |  | 45.8 |  |  |  | 40.2 |
Corporate and Other Adjusted EBITDA |  |  | (7.1 | ) |  |  | (9.6 | ) |  |  | (15.5 | ) |  |  | (18.7 | )
Depreciation and amortization |  |  | (8.7 | ) |  |  | (8.0 | ) |  |  | (18.3 | ) |  |  | (16.7 | )
Interest expense, net |  |  | (3.5 | ) |  |  | (5.5 | ) |  |  | (6.9 | ) |  |  | (11.0 | )
Benefit (provision) for income taxes |  |  | 0.4 |  |  |  | (7.2 | ) |  |  | 2.2 |  |  |  | (7.2 | )
Transaction expenses |  |  | (0.3 | ) |  |  | (0.3 | ) |  |  | (0.5 | ) |  |  | (2.7 | )
Sponsor expense reimbursement |  |  | — |  |  |  | — |  |  |  | (0.1 | ) |  |  | (0.2 | )
Restructuring costs |  |  | (2.9 | ) |  |  | — |  |  |  | (6.6 | ) |  |  | (1.0 | )
Restructuring related charges |  |  | (4.4 | ) |  |  | (0.3 | ) |  |  | (5.1 | ) |  |  | (0.3 | )
Stock-based compensation expense |  |  | (2.2 | ) |  |  | (1.7 | ) |  |  | (4.5 | ) |  |  | (3.6 | )
Legal matters |  |  | (4.4 | ) |  |  | — |  |  |  | (5.2 | ) |  |  | (0.4 | )
Loss on early extinguishment of debt |  |  | — |  |  |  | (1.4 | ) |  |  | — |  |  |  | (1.4 | )
Net loss on sale of assets and business held for sale |  |  | (0.1 | ) |  |  | — |  |  |  | (0.1 | ) |  |  | (2.7 | )
Loss on acquisition of business |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (0.4 | )
Losses attributable to assets held for sale |  |  | — |  |  |  | (0.5 | ) |  |  | — |  |  |  | (0.7 | )
Net (loss) income |  | $ | (2.3 | ) |  | $ | 20.6 |  |  | $ | (3.0 | ) |  | $ | 20.6 |

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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=123359005&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=123359005&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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