Segment Information (Tables)
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12 Months Ended |
Dec. 31, 2022 |
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| Segment Reporting [Abstract] |
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| Schedule of Segment Reporting Information, by Segment |
The following table summarizes select operating results for each reportable segment (in millions).
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Successor |
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Predecessor |
| (In millions) |
For Year Ended December 31, 2022 |
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From
October 20, 2021
through
December 31, 2021 |
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From
July 1, 2021 through
October 19, 2021 |
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For Year Ended June 30. 2021 |
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For Year Ended June 30, 2020 |
| Revenues |
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| Medical |
$ |
271.7 |
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$ |
49.2 |
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$ |
60.3 |
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$ |
155.7 |
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$ |
62.6 |
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| Industrial |
446.1 |
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104.9 |
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107.7 |
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455.9 |
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415.6 |
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| Consolidated Revenues |
$ |
717.8 |
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$ |
154.1 |
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$ |
168.0 |
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$ |
611.6 |
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$ |
478.2 |
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| Segment (Loss) Income from Operations |
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| Medical |
$ |
(84.4) |
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$ |
(4.3) |
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$ |
0.7 |
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$ |
6.0 |
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$ |
13.9 |
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| Industrial |
(98.0) |
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1.1 |
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11.7 |
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81.5 |
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59.6 |
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| Total Segment (Loss) Income from Operations |
(182.4) |
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(3.2) |
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12.4 |
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87.5 |
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73.5 |
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| Corporate and other |
(115.4) |
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(19.7) |
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(54.0) |
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(76.3) |
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(50.5) |
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| Consolidated (Loss) Income from Operations |
$ |
(297.8) |
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$ |
(22.9) |
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$ |
(41.6) |
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$ |
11.2 |
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$ |
23.0 |
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| Capital Expenditures |
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| Medical |
$ |
22.6 |
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$ |
3.8 |
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$ |
6.8 |
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$ |
14.2 |
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$ |
10.1 |
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| Industrial |
11.6 |
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2.0 |
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2.7 |
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12.2 |
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11.4 |
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| Total operating and reportable segments |
34.2 |
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5.8 |
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9.5 |
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26.4 |
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21.5 |
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| Corporate and other |
0.4 |
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0.3 |
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0.3 |
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— |
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0.4 |
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| Total Capital Expenditures |
$ |
34.6 |
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$ |
6.1 |
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$ |
9.8 |
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$ |
26.4 |
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$ |
21.9 |
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| Depreciation and Amortization |
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| Medical |
$ |
82.4 |
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$ |
17.0 |
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$ |
13.3 |
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$ |
33.3 |
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$ |
15.8 |
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| Industrial |
91.1 |
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20.1 |
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12.4 |
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49.7 |
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52.2 |
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| Total operating and reportable segments |
173.5 |
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37.1 |
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25.7 |
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83.0 |
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68.0 |
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| Corporate and other |
1.0 |
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0.2 |
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0.2 |
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0.6 |
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0.4 |
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| Total Depreciation and Amortization |
$ |
174.5 |
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$ |
37.3 |
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$ |
25.9 |
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$ |
83.6 |
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$ |
68.4 |
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| Revenue from External Customers by Geographic Areas |
The following details revenues by geographic region. Revenues generated from external customers are attributed to geographic regions through sales from site locations (i.e., point of origin) (in millions).
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Revenues |
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Successor |
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Predecessor |
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Fiscal Year Ended
December 31, |
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From October 20, 2021 through December 31 |
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From July 1, 2021 through October 19, |
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For the Fiscal Year Ended June 30, |
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For the Fiscal Year Ended June 30, |
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2022 |
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2021 |
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2021 |
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2021 |
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2020 |
| North America |
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| Medical |
$ |
252.0 |
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$ |
45.3 |
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$ |
54.6 |
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$ |
138.6 |
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$ |
57.5 |
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| Industrial |
210.7 |
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47.6 |
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53.4 |
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199.4 |
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193.3 |
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| Total North America |
462.7 |
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92.9 |
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108.0 |
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338.0 |
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250.8 |
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| Europe |
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| Medical |
19.7 |
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3.9 |
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5.7 |
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17.1 |
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5.2 |
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| Industrial |
222.1 |
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55.3 |
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52.6 |
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241.5 |
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206.2 |
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| Total Europe |
241.8 |
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59.2 |
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58.3 |
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258.6 |
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211.4 |
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| Asia Pacific |
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| Medical |
— |
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— |
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— |
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— |
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— |
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| Industrial |
13.3 |
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2.0 |
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1.7 |
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15.0 |
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16.0 |
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| Total Asia Pacific |
13.3 |
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2.0 |
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1.7 |
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15.0 |
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16.0 |
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| Total Revenues |
$ |
717.8 |
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$ |
154.1 |
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$ |
168.0 |
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$ |
611.6 |
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$ |
478.2 |
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| Schedule of Revenue by Timing of Recognition |
The following details revenues by timing of recognition (in millions):
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Revenues |
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Successor |
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Predecessor |
|
Fiscal Year Ended
December 31, |
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From October 20, 2021 through December 31 |
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From July 1, 2021 through October 19, |
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For the Fiscal Year Ended June 30, |
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For the Fiscal Year Ended June 30, |
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2022 |
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2021 |
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2021 |
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2021 |
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2020 |
| Point in time |
$ |
485.9 |
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$ |
120.1 |
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$ |
123.6 |
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$ |
456.6 |
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$ |
337.3 |
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| Over time |
231.9 |
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34.0 |
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44.4 |
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155.0 |
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140.9 |
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| Total Revenues |
$ |
717.8 |
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$ |
154.1 |
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$ |
168.0 |
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$ |
611.6 |
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$ |
478.2 |
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| Revenue from External Customers by Products and Services |
The following details revenues by product category (in millions):
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Revenues |
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Successor |
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Predecessor |
|
Fiscal Year Ended
December 31, |
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From October 20, 2021 through December 31 |
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From July 1, 2021 through October 19, |
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For the Fiscal Year Ended June 30, |
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For the Fiscal Year Ended June 30, |
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2022 |
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2021 |
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2021 |
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2021 |
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2020 |
| Medical segment: |
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| Medical |
$ |
271.7 |
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$ |
49.2 |
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$ |
60.3 |
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$ |
155.7 |
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$ |
62.6 |
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| Industrial segment: |
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| Reactor Safety and Control Systems |
163.8 |
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30.6 |
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34.7 |
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146.8 |
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135.4 |
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| Radiological Search, Measurement, and Analysis Systems |
282.3 |
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74.3 |
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73.0 |
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309.1 |
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280.2 |
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| Total Revenues |
$ |
717.8 |
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$ |
154.1 |
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$ |
168.0 |
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$ |
611.6 |
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$ |
478.2 |
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| Schedule of Property, Plant, and Equipment by Geographical Areas |
The following details property, plant, and equipment, net by geography (in millions):
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Property, Plant, and Equipment, net |
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Successor |
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Predecessor |
| (In millions) |
As of
December 31, 2022 |
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As of
December 31, 2021 |
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As of June 30, 2021 |
| North America |
$ |
79.4 |
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$ |
77.1 |
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$ |
47.5 |
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| Europe |
44.7 |
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46.7 |
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41.1 |
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| Asia Pacific |
0.2 |
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0.2 |
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0.2 |
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| Total |
$ |
124.3 |
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$ |
124.0 |
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$ |
88.8 |
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