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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
SEGMENT INFORMATION | Information about the Company's segments follows: (Segment financial information for the fiscal years ended September 30, 2018 and 2017 has been revised to present the prior period information on a comparable basis.)
| SGK Brand Solutions |  | Memorialization |  | Industrial Technologies |  | Corporate and Non-Operating |  | Consolidated
Sales to external customers:
2019 | $ | 743,869 |  |  | $ | 636,892 |  |  | $ | 156,515 |  |  | $ | — |  |  | $ | 1,537,276 |
2018 | 805,274 |  |  | 631,392 |  |  | 165,914 |  |  | — |  |  | 1,602,580 |
2017 | 770,181 |  |  | 615,882 |  |  | 129,545 |  |  | — |  |  | 1,515,608 |
Intersegment sales:
2019 | 703 |  |  | 25 |  |  | 48 |  |  | — |  |  | 776 |
2018 | 310 |  |  | 2 |  |  | 9 |  |  | — |  |  | 321 |
2017 | 356 |  |  | — |  |  | 2 |  |  | — |  |  | 358 |
Depreciation and amortization:
2019 | 59,684 |  |  | 19,731 |  |  | 6,195 |  |  | 5,183 |  |  | 90,793 |
2018 | 46,300 |  |  | 20,005 |  |  | 5,796 |  |  | 4,873 |  |  | 76,974 |
2017 | 41,941 |  |  | 19,808 |  |  | 2,863 |  |  | 3,369 |  |  | 67,981 |
Adjusted EBITDA:
2019 | 119,493 |  |  | 134,286 |  |  | 24,082 |  |  | (56,989 | ) |  | 220,872 |
2018 | 150,233 |  |  | 145,487 |  |  | 25,864 |  |  | (66,470 | ) |  | 255,114 |
2017 | 144,783 |  |  | 139,192 |  |  | 18,481 |  |  | (63,773 | ) |  | 238,683 |
Total assets:
2019 | 1,106,276 |  |  | 830,377 |  |  | 191,533 |  |  | 62,417 |  |  | 2,190,603 |
2018 | 1,285,053 |  |  | 814,800 |  |  | 196,855 |  |  | 61,036 |  |  | 2,357,744 |
2017 | 1,276,295 |  |  | 741,148 |  |  | 161,472 |  |  | 65,734 |  |  | 2,244,649 |
Capital expenditures:
2019 | 22,310 |  |  | 9,352 |  |  | 2,382 |  |  | 3,644 |  |  | 37,688 |
2018 | 22,133 |  |  | 15,513 |  |  | 2,577 |  |  | 2,977 |  |  | 43,200 |
2017 | 22,941 |  |  | 8,078 |  |  | 4,622 |  |  | 9,294 |  |  | 44,935 |
A reconciliation of adjusted EBITDA to net income follows:
|  | 2019 |  | 2018 |  | 2017
Total Adjusted EBITDA |  | 220,872 |  |  | 255,114 |  |  | 238,683 |
Acquisition costs (1)** |  | $ | (10,872 | ) |  | $ | (10,918 | ) |  | $ | (17,722 | )
ERP integration costs (2)** |  | (7,508 | ) |  | (10,864 | ) |  | (8,026 | )
Strategic initiatives and other charges (3)** |  | (13,449 | ) |  | (5,266 | ) |  | (9,209 | )
Loss recoveries, net of costs (4) |  | — |  |  | — |  |  | 10,683 |
Joint Venture depreciation, amortization and interest expense (5) |  | (1,514 | ) |  | — |  |  | — |
Goodwill write-down (6) |  | (77,572 | ) |  | — |  |  | — |
Net realized (losses) gains on divestitures and asset dispositions: |  |  |  |  |  |
Loss on divestitures (7) |  | (6,469 | ) |  | — |  |  | — |
Realized (loss) gain on cost-method investments (8) |  | (4,731 | ) |  | 3,771 |  |  | — |
Net gains from the sale of buildings and vacant properties (9) |  | 7,347 |  |  | — |  |  | — |
Stock-based compensation |  | (7,729 | ) |  | (13,460 | ) |  | (14,562 | )
Non-service pension and postretirement expense (10) |  | (3,802 | ) |  | (5,723 | ) |  | (8,773 | )
Depreciation and amortization * |  | (90,793 | ) |  | (76,974 | ) |  | (67,981 | )
Interest expense |  | (40,962 | ) |  | (37,427 | ) |  | (26,371 | )
Net loss attributable to noncontrolling interests |  | (901 | ) |  | (260 | ) |  | (435 | )
(Loss) income before income taxes |  | $ | (38,083 | ) |  | 97,993 |  |  | 96,287 |
Income tax (provision) benefit |  | (806 | ) |  | 9,118 |  |  | (22,354 | )
Net (loss) income |  | (38,889 | ) |  | 107,111 |  |  | 73,933 |
(1) Includes certain non-recurring costs associated with recent acquisition activities.
(2) Represents costs associated with global ERP system integration efforts.
(3) Includes certain non-recurring costs primarily associated with productivity and cost-reduction initiatives intended to result in improved operating performance, profitability and working capital levels.
(4) Represents loss recoveries, net of related costs, related to the theft of funds by a former employee.
(5) Represents the Company's portion of depreciation, intangible amortization and interest expense incurred by non-consolidated subsidiaries accounted for as equity-method investments within the Memorialization segment.
(6) Represents the goodwill write-down for a reporting unit within the SGK Brand Solutions segment.
(7) Represents a loss on the sale of a controlling interest in a subsidiary and divestiture of a business within the Memorialization segment.
(8) Includes gains/losses related to cost-method investments, and related assets, within SGK Brand Solutions and Memorialization segments.
(9) Includes significant building and vacant property transactions resulting in a gain of $8,663 within the Industrial Technologies segment and losses of $915 and $401 within the SGK Brand Solutions and Memorialization segments, respectively.
(10) Non-service pension and postretirement expense includes interest cost, expected return on plan assets and amortization of actuarial gains and losses. These benefit cost components are excluded from adjusted EBITDA since they are primarily influenced by external market conditions that impact investment returns and interest (discount) rates. The service cost and prior service cost components of pension and postretirement expense are included in the calculation of adjusted EBITDA, since they are considered to be a better reflection of the ongoing service-related costs of providing these benefits. Please note that GAAP pension and postretirement expense or the adjustment above are not necessarily indicative of the current or future cash flow requirements related to these employee benefit plans.
* Depreciation and amortization was $59,684, $46,300, and $41,941 for the SGK Brand Solutions segment, $19,731, $20,005, and $19,808 for the Memorialization segment, $6,195, $5,796, and $2,863 for the Industrial Technologies segment, and $5,183, $4,873, and $3,369 for Corporate and Non-Operating, for the fiscal years ended September 30, 2019, 2018, and 2017, respectively. ** Acquisition costs, ERP integration costs, and strategic initiatives and other charges were $8,903, $11,044, and $14,453 for the SGK Brand Solutions segment, $3,073, $613, and $612 for the Industrial Technologies segment, and $19,853, $13,961, and $19,050 for Corporate and Non-Operating, for the fiscal years ended September 30, 2019, 2018, and 2017, respectively. Acquisition costs, ERP integration costs, and strategic initiatives and other charges were $1,430, and $842 for the Memorialization segment for the fiscal years ended September 30, 2018, and 2017, respectively. Information about the Company's operations by geographic area follows:
| North America |  | Central and South America |  | Europe |  | Australia |  | Asia |  | Consolidated
Sales to external customers: |  |  |  |  |  |  |  |  |  |
2019 | $ | 1,038,268 |  |  | $ | 5,853 |  |  | $ | 426,253 |  |  | $ | 20,885 |  |  | $ | 46,017 |  |  | $ | 1,537,276 |
2018 | 1,066,367 |  |  | 6,171 |  |  | 456,078 |  |  | 23,276 |  |  | 50,688 |  |  | 1,602,580 |
2017 | 1,043,924 |  |  | 6,518 |  |  | 396,242 |  |  | 21,507 |  |  | 47,417 |  |  | 1,515,608 |
Long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2019 | 1,047,505 |  |  | 15,585 |  |  | 342,802 |  |  | 21,278 |  |  | 57,729 |  |  | 1,484,899 |
2018 | 1,182,250 |  |  | 16,535 |  |  | 365,455 |  |  | 23,037 |  |  | 58,302 |  |  | 1,645,579 |
2017 | 1,069,862 |  |  | 13,882 |  |  | 382,940 |  |  | 24,887 |  |  | 66,138 |  |  | 1,557,709 |

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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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