Note 13. Business Segment Information The Company is organized into three reportable segments based on managements process for making operating decisions, allocating capital and measuring performance, and based on the similarity of products, customers served, common use of facilities, and economic characteristics. The Companys segments are as follows: Fire &amp; Emergency : This segment includes KME, E-One, Inc., Ferrara, American Emergency Vehicles, Inc., Leader Emergency Vehicles, Inc., Horton Enterprises, Inc., REV Ambulance Orlando and REV Brazil. These business units manufacture and market commercial and custom fire and emergency vehicles primarily for fire departments, airports, other governmental units, contractors, hospitals and other care providers in the United States and other countries. Commercial : This segment includes Collins Bus, Champion Bus, Inc., ENC, ElDorado National (Kansas), Inc., Capacity, Lay-Mor and REV Coach. Collins Bus manufactures, markets and distributes school buses, normally referred to as Type A school buses, as well as shuttle buses used for churches, transit authorities, hotels and resorts, retirement centers and other similar uses. Champion Bus, Inc., ENC and ElDorado National (Kansas), Inc. manufacture, market and distribute shuttle buses, transit buses, airport car rental and hotel/motel shuttles, tour and charter operations and other uses under several well-established brand names. Capacity manufactures, markets and distributes trucks used in terminal type operations, i.e., rail yards, warehouses, rail terminals and shipping terminals/ports. Lay-Mor manufactures, markets and distributes industrial sweepers for both the commercial and rental markets. Recreation : This segment includes REV Recreation Group, Inc. (RRG), Goldshield Fiberglass, Inc. (Goldshield), Renegade, Midwest and Lance, and their respective manufacturing facilities, service and parts divisions. RRG primarily manufactures, markets and distributes Class A mobile RVs in both gas and diesel models. Renegade primarily manufacturers Class C and Super C RVs and heavy-duty special application trailers. Goldshield manufactures, markets and distributes fiberglass reinforced molded parts to a diverse cross section of original equipment manufacturers and other commercial and industrial customers, including various components for RRG, which is one of Goldshields primary customers. Midwest manufactures Class B RVs and luxury vans. Lance designs, engineers and manufactures truck campers, towable campers and toy haulers. For purposes of measuring financial performance of its business segments, the Company does not allocate to individual business segments costs or items that are of a corporate nature. The caption Corporate, Other &amp; Elims includes corporate office expenses, results of insignificant operations, intersegment eliminations and income and expense not allocated to reportable segments. Total assets of the business segments exclude general corporate assets, which principally consist of cash and cash equivalents, certain property, plant and equipment and certain other assets pertaining to corporate and other centralized activities. Intersegment sales generally include amounts invoiced by a segment for work performed for another segment. Amounts are based on actual work performed and agreed-upon pricing which is intended to be reflective of the contribution made by the supplying business segment. All intersegment transactions have been eliminated in consolidation. Selected financial information of the Companys segments is as follows: Three Months Ended April 30, 2019 Fire &amp; Emergency Commercial Recreation Corporate, Other &amp; Elims Consolidated Net sales $ 247.1 $ 170.0 $ 199.7 $ (1.8 ) $ 615.0 Depreciation and amortization $ 3.5 $ 2.1 $ 4.3 $ 1.7 $ 11.6 Capital expenditures $ 1.8 $ 1.1 $ 1.0 $ (0.8 ) $ 3.1 Total assets $ 627.2 $ 322.3 $ 356.6 $ 107.2 $ 1,413.3 Adjusted EBITDA $ 15.1 $ 14.7 $ 17.3 $ (11.0 ) Three Months Ended April 30, 2018 Fire &amp; Emergency Commercial Recreation Corporate, Other &amp; Elims Consolidated Net sales $ 252.0 $ 158.0 $ 198.8 $ 0.1 $ 608.9 Depreciation and amortization $ 4.0 $ 2.8 $ 3.1 $ 1.2 $ 11.1 Capital expenditures $ 1.1 $ 1.3 $ 2.9 $ 4.7 $ 10.0 Total assets $ 613.7 $ 288.0 $ 337.5 $ 119.5 $ 1,358.7 Adjusted EBITDA $ 21.8 $ 9.5 $ 12.7 $ (10.0 ) Six Months Ended April 30, 2019 Fire &amp; Emergency Commercial Recreation Corporate, Other &amp; Elims Consolidated Net sales $ 451.2 $ 310.6 $ 375.9 $ (4.0 ) $ 1,133.7 Depreciation and amortization $ 7.0 $ 4.7 $ 8.3 $ 3.8 $ 23.8 Capital expenditures $ 3.2 $ 1.7 $ 2.4 $ 2.1 $ 9.4 Total assets $ 627.2 $ 322.3 $ 356.6 $ 107.2 $ 1,413.3 Adjusted EBITDA $ 23.4 $ 19.7 $ 26.5 $ (21.2 ) Six Months Ended April 30, 2018 Fire &amp; Emergency Commercial Recreation Corporate, Other &amp; Elims Consolidated Net sales $ 467.3 $ 290.2 $ 366.0 $ 0.3 $ 1,123.8 Depreciation and amortization $ 8.5 $ 5.6 $ 5.9 $ 2.1 $ 22.1 Capital expenditures $ 2.7 $ 2.3 $ 4.2 $ 14.4 $ 23.6 Total assets $ 613.7 $ 288.0 $ 337.5 $ 119.5 $ 1,358.7 Adjusted EBITDA $ 39.9 $ 13.9 $ 20.8 $ (19.2 ) In considering the financial performance of the business, the chief operating decision maker analyzes the primary financial performance measure of Adjusted EBITDA. Adjusted EBITDA is defined as net income for the relevant period before depreciation and amortization, interest expense and benefit for income taxes, as adjusted for items management believes are not indicative of the Companys ongoing operating performance. Adjusted EBITDA is not a measure defined by U.S. GAAP but is computed using amounts that are determined in accordance with U.S. GAAP. A reconciliation of this performance measure to net income (loss) is included below. The Company believes Adjusted EBITDA is useful to investors and used by management for measuring profitability because the measure excludes the impact of certain items which management believes have less bearing on the Companys core operating performance, and allows for a more meaningful comparison of operating fundamentals between companies within its industries by eliminating the impact of capital structure and taxation differences between the companies. Additionally, Adjusted EBITDA is used by management to measure and report the Companys financial performance to the Companys Board of Directors, assists in providing a meaningful analysis of the Companys operating performance and is used as a measurement in incentive compensation for management. Provided below is a reconciliation of segment Adjusted EBITDA to net income (loss): Three Months Ended April 30, Six Months Ended April 30, 2019 2018 2019 2018 Fire &amp; Emergency Adjusted EBITDA $ 15.1 $ 21.8 $ 23.4 $ 39.9 Commercial Adjusted EBITDA 14.7 9.5 19.7 13.9 Recreation Adjusted EBITDA 17.3 12.7 26.5 20.8 Corporate and Other Adjusted EBITDA (11.0 ) (10.0 ) (21.2 ) (19.2 ) Depreciation and amortization (11.6 ) (11.1 ) (23.8 ) (22.1 ) Interest expense, net (8.0 ) (6.1 ) (15.8 ) (11.5 ) (Provision) benefit for income taxes (2.5 ) (2.9 ) 1.9 11.0 Transaction expenses  (0.5 ) (0.2 ) (2.1 ) Sponsor expense reimbursement (0.1 ) (0.1 ) (0.6 ) (0.3 ) Restructuring costs (1.8 ) (1.9 ) (2.9 ) (6.0 ) Stock-based compensation expense (3.4 ) (1.9 ) (4.8 ) (3.7 ) Non-cash purchase accounting expense    (0.7 ) Legal matters (2.4 ) (0.2 ) (4.5 ) (0.9 ) Impairment charges (0.1 )  (2.8 )  Losses attributable to assets held for sale   (1.7 )  Deferred purchase price payment (0.6 ) (1.9 ) (2.2 ) (2.2 ) Net income (loss) $ 5.6 $ 7.4 $ (9.0 ) $ 16.9