BrightView (BV) 10-Q 7 May 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2020	Apr. 30, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Registrant Name	BrightView Holdings, Inc.
Trading Symbol	BV
Entity Central Index Key	0001734713
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		104,926,073
Entity Current Reporting Status	Yes
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock, Par Value $0.01 Per Share
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	001-38579
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-4190788
Entity Address, Address Line One	980 Jolly Road
Entity Address, City or Town	Blue Bell
Entity Address, State or Province	PA
Entity Address, Country	US
Entity Address, Postal Zip Code	19422
City Area Code	484
Local Phone Number	567-7204
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Current assets:
Cash and cash equivalents	$ 88	$ 39.1
Accounts receivable, net	334	333.7
Unbilled revenue	81.3	107.6
Inventories	30	26.5
Other current assets	59.7	44.5
Total current assets	593	551.4
Property and equipment, net	278.3	272.4
Intangible assets, net	241.7	251.5
Goodwill	1,878.9	1,810.4
Operating lease assets	66.7
Other assets	45.3	42.9
Total assets	3,103.9	2,928.6
Current liabilities:
Accounts payable	112.3	99.8
Current portion of long-term debt	10.4	10.4
Deferred revenue	86.1	49.1
Current portion of self-insurance reserves	45.6	37.4
Accrued expenses and other current liabilities	137.3	136
Total current liabilities	413.1	332.7
Current portion of operating lease liabilities	21.4
Long-term debt, net	1,220.8	1,134.2
Deferred tax liabilities	50.9	64.4
Self-insurance reserves	87.8	87.1
Long-term operating lease liabilities	50.6
Other liabilities	20.1	26.4
Total liabilities	1,843.3	1,644.8
Stockholders’ equity:
Preferred stock, $0.01 par value; 50,000,000 shares authorized; no shares issued or outstanding as of March 31, 2020 and September 30, 2019
Common stock, $0.01 par value; 500,000,000 shares authorized; 104,900,000 and 104,700,000 shares issued and outstanding as of March 31, 2020 and September 30, 2019, respectively	1	1
Treasury stock, at cost; 91,000 and 52,000 shares as of March 31, 2020 and September 30, 2019, respectively	(1.7)	(1)
Additional paid-in-capital	1,457.3	1,441.8
Accumulated deficit	(179.4)	(146.3)
Accumulated other comprehensive loss	(16.6)	(11.7)
Total stockholders’ equity	1,260.6	1,283.8
Total liabilities and stockholders’ equity	$ 3,103.9	$ 2,928.6

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2020	Sep. 30, 2019
Statement Of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, authorized	50,000,000	50,000,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, authorized	500,000,000	500,000,000
Common stock, issued	104,900,000	104,700,000
Common stock, outstanding	104,900,000	104,700,000
Treasury stock, shares	91,000	52,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Net service revenues	$ 559.1	$ 596.6	$ 1,129.8	$ 1,122.7
Cost of services provided	426.8	450.5	854.5	844.7
Gross profit	132.3	146.1	275.3	278
Selling, general and administrative expense	126.9	119.5	257.1	229.6
Amortization expense	13.6	13.8	27.1	28.9
(Loss) income from operations	(8.2)	12.8	(8.9)	19.5
Other (expense) income	(1.9)	1.2	(1.3)	(0.3)
Interest expense	17.1	18.9	34.5	36.1
(Loss) before income taxes	(27.2)	(4.9)	(44.7)	(16.9)
Income tax benefit	6.7	1.3	11.6	4.5
Net (loss)	$ (20.5)	$ (3.6)	$ (33.1)	$ (12.4)
(Loss) per share:
Basic and diluted	$ (0.20)	$ (0.04)	$ (0.32)	$ (0.12)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net (loss)	$ (20.5)	$ (3.6)	$ (33.1)	$ (12.4)
Net derivative (losses) arising during the period, net of tax benefit of $3.7, $0.3, $3.7, and $1.4, respectively	(9.9)	(0.8)	(9.7)	(3.8)
Reclassification of losses into net (loss), net of tax expense of $1.0, $0.7, $1.8, and $1.0, respectively	2.9	1.9	4.8	2.4
Other comprehensive (loss) income	(7)	1.1	(4.9)	(1.4)
Comprehensive (loss)	$ (27.5)	$ (2.5)	$ (38)	$ (13.8)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net derivative (losses) arising during the period, net of tax benefit	$ (3.7)	$ (0.3)	$ (3.7)	$ (1.4)
Reclassification of losses into net loss, net of tax expense	$ 1	$ 0.7	$ 1.8	$ 1

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Treasury Stock
Balance at Sep. 30, 2018	$ 1,227.3	$ 1	$ 1,426.3	$ (189.6)	$ (10.4)
Balance, Shares at Sep. 30, 2018		104.5
Net (loss)	(12.4)			(12.4)
Other comprehensive income (loss), net of tax	(1.4)				(1.4)
Capital contributions and issuance of common stock, Shares		0.5
Equity-based compensation	11.5		11.5
Adoption of ASU No. 2014-09 (Refer to Note 2) | ASC 606	(1.1)			(1.1)
Balance at Mar. 31, 2019	1,223.9	$ 1	1,437.8	(203.1)	(11.8)
Balance, Shares at Mar. 31, 2019		105
Balance at Dec. 31, 2018	1,220.8	$ 1	1,432.2	(199.5)	(12.9)
Balance, Shares at Dec. 31, 2018		105
Net (loss)	(3.6)			(3.6)
Other comprehensive income (loss), net of tax	1.1				1.1
Equity-based compensation	5.6		5.6
Balance at Mar. 31, 2019	1,223.9	$ 1	1,437.8	(203.1)	(11.8)
Balance, Shares at Mar. 31, 2019		105
Balance at Sep. 30, 2019	1,283.8	$ 1	1,441.8	(146.3)	(11.7)	$ (1)
Balance, Shares at Sep. 30, 2019		104.7
Net (loss)	(33.1)			(33.1)
Other comprehensive income (loss), net of tax	(4.9)				(4.9)
Capital contributions and issuance of common stock	2.4		2.4
Capital contributions and issuance of common stock, Shares		0.2
Equity-based compensation	13.1		13.1
Repurchase of common stock and distributions	(0.7)					(0.7)
Balance at Mar. 31, 2020	1,260.6	$ 1	1,457.3	(179.4)	(16.6)	(1.7)
Balance, Shares at Mar. 31, 2020		104.9
Balance at Dec. 31, 2019	1,283.1	$ 1	1,452.3	(158.9)	(9.6)	(1.7)
Balance, Shares at Dec. 31, 2019		104.9
Net (loss)	(20.5)			(20.5)
Other comprehensive income (loss), net of tax	(7)				(7)
Capital contributions and issuance of common stock	0.1		0.1
Equity-based compensation	4.9		4.9
Balance at Mar. 31, 2020	$ 1,260.6	$ 1	$ 1,457.3	$ (179.4)	$ (16.6)	$ (1.7)
Balance, Shares at Mar. 31, 2020		104.9

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net (loss)	$ (33.1)	$ (12.4)
Adjustments to reconcile net (loss) to net cash provided by operating activities:
Depreciation	39.5	41
Amortization of intangible assets	27.1	28.9
Amortization of financing costs and original issue discount	1.8	1.9
Deferred taxes	(11.6)	(7.6)
Equity-based compensation	13.1	11.5
Other non-cash activities, net	6.3	0.8
Change in operating assets and liabilities:
Accounts receivable	8.1	(33.5)
Unbilled and deferred revenue	63.9	31.9
Inventories	(2.9)	(0.8)
Other operating assets	(15.4)	3.8
Accounts payable and other operating liabilities	(11.1)	(0.8)
Net cash provided by operating activities	85.7	64.7
Cash flows from investing activities:
Purchase of property and equipment	(35.1)	(42.6)
Proceeds from sale of property and equipment	2.7	3
Business acquisitions, net of cash acquired	(87.1)	(49.3)
Other investing activities, net	0.6	1.2
Net cash used in investing activities	(118.9)	(87.7)
Cash flows from financing activities:
Repayments of finance lease obligations	(3.2)	(2.8)
Repayments of term loan	(5.2)	(7.8)
Repayments of receivables financing agreement	(50)	(75)
Repayments of revolving credit facility	(10)	(10)
Proceeds from receivables financing agreement	80	84.6
Proceeds from revolving credit facility	70	10
Proceeds from issuance of common stock, net of share issuance costs	0.1
Other financing activities, net	0.4
Net cash provided (used) in financing activities	82.1	(1)
Net change in cash and cash equivalents	48.9	(24)
Cash and cash equivalents, beginning of period	39.1	35.2
Cash and cash equivalents, end of period	$ 88	$ 11.2

Business and Basis of Presentat

Business and Basis of Presentation	6 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Business and Basis of Presentation	1. BrightView Holdings, Inc. (the “Company” and, collectively with its consolidated subsidiaries, “BrightView”) provides landscape maintenance and enhancements, landscape development, snow removal and other landscape related services for commercial customers throughout the United States. BrightView is aligned into two reportable segments: Maintenance Services and Development Services. Prior to its initial public offering completed in July 2018 (the “IPO”), the Company was a wholly-owned subsidiary of BrightView Parent L.P. (“Parent”), an affiliate of KKR & Co. Inc. (“KKR”). The Parent and Company were formed through a series of transactions entered into by KKR to acquire the Company on December 18, 2013 (the “KKR Acquisition”). The Parent was dissolved in August 2018 following the IPO. Basis of Presentation These consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim reporting and are unaudited. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments, including normal, recurring accruals that are necessary for a fair presentation of the Company’s operations for the periods presented in conformity with GAAP. All intercompany activity and balances have been eliminated from the consolidated financial statements. The consolidated results of operations for the interim periods presented are not necessarily indicative of results for the full year. The consolidated balance sheet as of September 30, 2019, presented herein, has been derived from the Company’s audited consolidated financial statements as of and for the fiscal year ended September 30, 2019, but does not include all disclosures required by GAAP, for annual financial statements. For a more complete discussion of the Company’s accounting policies and certain other information refer to the audited consolidated financial statements and the notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2019, filed with the Securities and Exchange Commission (“SEC”). Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. On an ongoing basis, management reviews its estimates, including those related to allowances for doubtful accounts, revenue recognition, self-insurance reserves, estimates related to the Company’s assessment of goodwill for impairment, useful lives for depreciation and amortization, realizability of deferred tax assets, and litigation based on currently available information. Changes in facts and circumstances may result in revised estimates and actual results may differ from estimates.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Mar. 31, 2020
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Recent Accounting Pronouncements	2. Leases In February 2016, the FASB issued ASU No. 2016-02, Leases Leases: Targeted Improvements On October 1, 2019, the Company elected to adopt the standard using the modified retrospective approach applied to lease arrangements that were in place on the date of initial adoption. Results for reporting periods beginning October 1, 2019 are presented under the new standard, while prior-period amounts are not adjusted and continue to be reported in accordance with historical accounting under ASC 840, Leases The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed the Company to carry forward the historical lease classification. As an accounting policy election, the Company excluded short-term leases (term of 12 months or less) from the balance sheet and accounts for non-lease and lease components in a contract as a single component for all asset classes. The Company recorded a lease liability of $76.3 and a corresponding right-of-use asset of $70.6 upon adoption of the new lease standard at October 1, 2019. The right-of-use asset and lease liability recorded as of October 1, 2019 include, respectively, amounts previously classified as deferred rent obligations and exit/disposal liabilities, and prepaid rent, totaling approximately $5.7. The Company’s finance lease assets and liabilities, which are disclosed in Note 11 “Leases”, remain largely unchanged under the lease accounting standard. The standard did not have a material impact on the Company’s results of operations or liquidity. The guidance did not have a material impact on its debt covenant compliance. Measurement of Credit Losses In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurements of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments Financial Instruments – Credit Losses (Topic 326): Targeted Transition Relief Fair Value Measurement In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement . Simplifying the Accounting for Income Taxes In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes The ASU removes specified exceptions and adds requirements to simplify the accounting for income taxes. The guidance is effective for the Company in the first quarter of fiscal 2022 and early adoption is permitted. The Company is currently evaluating the impact of the updated guidance on its consolidated financial statements. Reference Rate Reform In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting The guidance is effective for the Company upon issuance through December 31, 2022. The Company is currently evaluating the impact of the updated guidance on its consolidated financial statements.

Revenue

Revenue	6 Months Ended
	Mar. 31, 2020
Revenue From Contract With Customer [Abstract]
Revenue	3. The Company’s revenue is generated from Maintenance Services and Development Services. The Company generally recognizes revenue from the sale of services as the services are performed, typically ratably over the term of the contract(s), which the Company believes to be the best measure of progress. The Company recognizes revenues as it transfers control of products and services to its customers. The Company recognizes revenue in an amount reflecting the total consideration it expects to receive from the customer. Revenue is recognized according to the following five step model: (1) identify the contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenues when a performance obligation is satisfied. The Company determined that for contracts containing multiple performance obligations, stand-alone selling price is readily determinable for each performance obligation and therefore allocation of the transaction price to multiple performance obligations is not necessary. The transaction price will include estimates of variable consideration, such as returns and provisions for doubtful accounts and sales incentives, to the extent it is probable that a significant reversal of revenue recognized will not occur. In all cases, when a sale is recorded by the Company, no significant uncertainty exists surrounding the purchaser’s obligation to pay. Maintenance Services The Company’s Maintenance Services revenues are generated primarily through landscape maintenance services and snow removal services. Landscape maintenance services that are primarily viewed as non-discretionary, such as lawn care, mowing, gardening, mulching, leaf removal, irrigation and tree care, are provided under recurring annual contracts, which typically range from one to three years in duration and are generally cancellable by the customer with 30 days’ notice. Snow removal services are provided on either fixed fee based contracts or per occurrence contracts. Both landscape maintenance services and snow removal services can also include enhancement services that represent supplemental maintenance or improvement services generally provided under contracts of short duration related to specific services. Revenue for landscape maintenance and snow removal services under fixed fee models is recognized over time using an output based method. Additionally, a portion of the Company’s recurring fixed fee landscape maintenance and snow removal services are recorded under the series guidance. The right to invoice practical expedient, defined below, is generally applied to revenue related to landscape maintenance and snow removal services performed in relation to per occurrence contracts as well as enhancement services. When use of the practical expedient is not appropriate for these contracts, revenue is recognized using a cost-to-cost input method. Fees for contracted landscape maintenance services are typically billed on an equal monthly basis. Fees for fixed fee snow removal services are typically billed on an equal monthly basis during snow season, while fees for time and material or other activity-based snow removal services are typically billed as the services are performed. Fees for enhancement services are typically billed as the services are performed. Development Services For Development Services, revenue is primarily recognized over time using the cost-to-cost input method, measured by the percentage of cost incurred to date to the estimated total cost for each contract, which we believe to be the best measure of progress. The full amount of anticipated losses on contracts is recorded as soon as such losses can be estimated. These losses have been immaterial in prior periods. Changes in job performance, job conditions, and estimated profitability, including final contract settlements, may result in revisions to costs and revenue and are recognized in the period in which the revisions are determined. Disaggregation of revenue The following table presents the Company’s reportable segment revenues, disaggregated by revenue type. The Company disaggregates revenue from contracts with customers into major services lines. The Company has determined that disaggregating revenue into these categories achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. As noted in the business segment reporting information in Note 14 “Segments”, the Company’s reportable segments are Maintenance Services and Development Services. Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 Landscape Maintenance $ 313.7 $ 281.8 $ 677.0 $ 626.1 Snow Removal 102.5 191.5 158.1 239.7 Maintenance Services 416.2 473.3 835.1 865.8 Development Services 143.6 124.0 296.4 258.4 Eliminations (0.7 ) (0.7 ) (1.7 ) (1.5 ) Net service revenues $ 559.1 $ 596.6 $ 1,129.8 $ 1,122.7 Remaining Performance Obligations Remaining performance obligations represent the estimated revenue expected to be recognized in the future related to performance obligations which are fully or partially unsatisfied at the end of the period. As of March 31, 2020, the estimated future revenues for remaining performance obligations that are part of a contract that has an original expected duration of greater than one year was approximately $364.1. The Company expects to recognize revenue on 56% of the remaining performance obligations over the next 12 months and an additional 44% over the 12 months thereafter. In accordance with the disclosure provisions of ASU 2014-09, the paragraph above excludes the following, i) estimated future revenues for performance obligations that are part of a contract that has an original expected duration of one year or less, ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance and iii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. Contract Assets and Liabilities When a contract results in revenue being recognized in excess of the amount the Company has invoiced or has the right to invoice to the customer, a contract asset is recognized. Contract assets are transferred to accounts receivable, net when the rights to the consideration become unconditional. Contract assets are presented as Unbilled revenue on the consolidated balance sheets. Contract liabilities consist of payments received from customers, or such consideration that is contractually due, in advance of providing the product or performing services such that control has not passed to the customer. Contract liabilities are presented as Deferred revenue on the consolidated balance sheets. Changes in deferred revenue for the six month period ended March 31, 2020 were as follows: Deferred Revenue Balance, October 1, 2019 $ 49.1 Recognition of revenue (446.9 ) Deferral of revenue 483.9 Balance, March 31, 2020 $ 86.1 There were $80.2 of amounts billed during the period and $53.9 of additions to our unbilled revenue balance during the six month period from October 1, 2019 to March 31, 2020. Practical Expedients and Exemptions The Company offers certain interest-free contracts to customers where payments are received over a period not exceeding one year. Additionally, certain Maintenance Services and Development Services customers may pay in advance for services. The Company does not adjust the promised amount of consideration for the effects of these financing components. At contract inception, the period of time between the performance of services and the customer payment is one year or less. As permitted under the practical expedient available under ASU No. 2014-09, the Company does not disclose the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less, (ii) contracts with variable consideration that is allocated entirely to unsatisfied performance obligations or to a wholly unsatisfied promise accounted for under the series guidance, and (iii) contracts for which the Company recognizes revenue at the amount which we have the right to invoice for services performed.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Mar. 31, 2020
Receivables [Abstract]
Accounts Receivable	4. Accounts receivable of $334.0 and $333.7, is net of an allowance for doubtful accounts of $6.0 and $5.0 and includes $43.9 and $43.2 of retention on incomplete projects to be completed within one year at March 31, 2020 and September 30, 2019, respectively.

Inventories

Inventories	6 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventories	5 . Inventories consist of the following: March 31, 2020 September 30, 2019 Finished products $ 5.3 $ 6.8 Semi-finished products 12.6 11.0 Raw materials and supplies 12.1 8.7 Inventories $ 30.0 $ 26.5

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Mar. 31, 2020
Property Plant And Equipment [Abstract]
Property and Equipment, net	6. Property and equipment, net consists of the following: Useful Life March 31, 2020 September 30, 2019 Land — $ 54.5 $ 54.1 Buildings and leasehold improvements 2-40 yrs. 42.2 40.1 Operating equipment 2-7 yrs. 204.3 199.8 Transportation vehicles 3-7 yrs. 259.1 236.5 Office equipment and software 3-10 yrs. 62.4 63.3 Construction in progress — 9.2 8.2 Property and equipment 631.7 602.0 Less: Accumulated depreciation 353.4 329.6 Property and equipment, net $ 278.3 $ 272.4 Construction in progress includes costs incurred for software and other assets that have not yet been placed in service. Depreciation expense related to property and equipment was $19.3 and $21.7 for the three months ended March 31, 2020 and 2019, respectively. Depreciation expense related to property and equipment was $39.5 and $41.0 for the six months ended March 31, 2020 and 2019, respectively.

Intangible Assets, Goodwill and

Intangible Assets, Goodwill and Acquisitions	6 Months Ended
	Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets, Goodwill and Acquisitions	7. Identifiable intangible assets consist of acquired customer contracts and relationships, trademarks and non-compete agreements. Amortization expense related to intangible assets was $13.6 and $13.8 for the three months ended March 31, 2020 and 2019, respectively. Amortization expense related to intangible assets was $27.1 and $28.9 for the six months ended March 31, 2020 and 2019, respectively. These assets are amortized over their estimated useful lives of which the reasonableness is continually evaluated by the Company. Intangible assets as of March 31, 2020 and September 30, 2019 consisted of the following: March 31, 2020 September 30, 2019 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Customer relationships 6-21 yrs. $ 656.9 $ (420.0 ) $ 639.6 $ (393.3 ) Trademarks 4-12 yrs. 4.8 (1.8 ) 4.8 (1.7 ) Non-compete agreements 5 yrs. 2.7 (0.9 ) 2.7 (0.6 ) Total intangible assets $ 664.4 $ (422.7 ) $ 647.1 $ (395.6 ) The following is a summary of the goodwill activity for the periods ended September 30, 2019 and March 31, 2020: Maintenance Services Development Services Total Balance, September 30, 2018 $ 1,572.4 $ 194.4 $ 1,766.8 Acquisitions 43.6 — 43.6 Balance, September 30, 2019 1,616.0 194.4 1,810.4 Acquisitions 68.5 — 68.5 Balance, March 31, 2020 $ 1,684.5 $ 194.4 $ 1,878.9 During the six months ended March 31, 2020, the Company acquired, through a series of separate transactions, 100% of the operations of five unrelated Maintenance Services companies. The Company paid approximately $87.1 in consideration for the acquisitions, net of cash acquired. The Company accounted for the business combinations under the acquisition method and, accordingly, recorded the assets acquired and liabilities assumed at their estimated fair market values based on management’s preliminary estimates, with the excess allocated to goodwill. The fair values were primarily estimated using Level 3 assumptions within the fair value hierarchy, including estimated future cash flows, discount rates and other factors. The valuation process to determine fair values is not yet complete. The Company will finalize the amounts recognized as it obtains the information necessary to complete the analysis, but no later than one year from the acquisition date. The identifiable assets acquired were primarily intangible assets, including customer relationships and non-compete agreements of $17.3. The amount allocated to goodwill is reflective of the benefits the Company expects to realize from anticipated synergies and the acquired assembled workforce. The Company expects a portion of the goodwill resulting from these acquisitions will be deductible for tax purposes.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	8. Long-term debt consists of the following: March 31, 2020 September 30, 2019 Series B term loan $ 1,016.7 $ 1,021.7 Revolving credit facility 60.0 — Receivables financing agreement 170.0 140.0 Financing costs, net (15.5 ) (17.1 ) Total debt, net 1,231.2 1,144.6 Less: Current portion of long-term debt 10.4 10.4 Long-term debt, net $ 1,220.8 $ 1,134.2 First Lien credit facility term loans due 2020 and Series B Term Loan due 2025 In connection with the KKR Acquisition, the Company and a group of financial institutions entered into a credit agreement (the “Credit Agreement”) dated December 18, 2013. The Credit Agreement consisted of seven-year $1,460.0 term loans (“First Lien Term Loans”) and a five-year $210.0 revolving credit facility. All amounts outstanding under the Credit Agreement were collateralized by substantially all of the assets of the Company. On August 15, 2018, the Company entered into Amendment No. Revolving credit facility The Company has a five-year $260.0 revolving credit facility (the “Revolving Credit Facility”) that matures on August 15, 2023 and bears interest at a rate per annum of LIBOR plus a margin ranging from 2.00% to 2.50%, with the margin determined based on the Company’s first lien net leverage ratio. The Revolving Credit Facility replaces the previous $210.0 revolving credit facility under the Credit Agreement. The Company had an outstanding balance under the Revolving Credit Facility of $60.0 as of March 31, 2020. The Company had no outstanding balance under the Revolving Credit Facility as of September 30, 2019. There were $70.0 borrowings under the facility for the six months ended March 31, 2020, of which, $10.0 were repaid. Receivables financing agreement On April 28, 2017, the Company, through a wholly-owned subsidiary, entered into a receivables financing agreement (the “Receivables Financing Agreement”). The Receivables Financing Agreement provided a borrowing capacity of $175.0 through April 27, 2020. On February 21, 2019, the Company entered into the First Amendment to the Receivables Financing Agreement (the "Amendment Agreement") which increased the borrowing capacity to $200.0 and extended the term through February 20, 2022. All amounts outstanding under the Receivables Financing Agreement are collateralized by substantially all of the accounts receivables and unbilled revenue of the Company. During the six months ended March 31, 2020, the Company borrowed $80.0 against the capacity and voluntarily repaid $50.0. During the six months ended March 31, 2019, the Company borrowed $85.0 against the capacity and voluntarily repaid $75.0. The following are the scheduled maturities of long-term debt, which do not include any estimated excess cash flow payments: March 31, 2021 $ 10.4 2022 180.4 2023 10.4 2024 70.4 2025 and thereafter 977.2 Total long-term debt 1,248.8 Less: Current maturities 10.4 Less: Original issue discount 2.1 Less: Financing costs 15.5 Total long-term debt, net $ 1,220.8 The Company has estimated the fair value of its long-term debt to be approximately $1,132.8 and $1,166.6 as of March 31, 2020 and September 30, 2019, respectively. Fair value is based on market bid prices around period-end (Level 2 inputs).

Fair Value Measurements and Der

Fair Value Measurements and Derivatives Instruments	6 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements and Derivatives Instruments	9. Fair value is defined as the price at which an orderly transaction to sell an asset or to transfer a liability would take place between market participants at the measurement date under current market conditions (that is, an exit price at the measurement date from the perspective of a market participant that holds the asset or owes the liability). Fair Value Hierarchy The following hierarchy for inputs used in measuring fair value should maximize the use of observable inputs and minimize the use of unobservable inputs by requiring that the most observable inputs be used when available: Level 1 Quoted prices in active markets for identical assets or liabilities that are accessible at the measurement dates. Level 2 Significant observable inputs that are used by market participants in pricing the asset or liability based on market data obtained from independent sources. Level 3 Significant unobservable inputs the Company believes market participants would use in pricing the asset or liability based on the best information available. The carrying amounts shown for the Company’s cash and cash equivalents, restricted cash, accounts receivable and accounts payable approximate fair value due to the short-term maturity of those instruments. The valuation is based on settlements of similar financial instruments all of which are short-term in nature and are generally settled at or near cost. Investments held in Rabbi Trust A non-qualified deferred compensation plan is available to certain executives. Under this plan, participants may elect to defer up to 70% of their compensation. The Company invests the deferrals in participant-selected diversified investments that are held in a Rabbi Trust and which are classified within Other assets on the consolidated balance sheets. The fair value of the investments held in the Rabbi Trust is based on the quoted market prices of the underlying mutual fund investments. These investments are based on the participants’ selected investments, which represent the underlying liabilities to the participants in the non-qualified deferred compensation plan. Derivatives The Company’s objective in entering into derivative transactions is to manage its exposure to interest rate movements associated with its variable rate debt and changes in fuel prices. The Company recognizes derivatives as either assets or liabilities on the balance sheet and measures those instruments at fair value. The fair values of the derivative financial instruments are determined using widely accepted valuation techniques including discounted cash flow analysis based on the expected cash flows of each derivative. Although the Company has determined that the significant inputs, such as interest yield curve and discount rate, used to value its derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with the Company’s counterparties and its own credit risk utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by itself and its counterparties. However, as of March 31, 2020 and September 30, 2019, the Company has assessed the significance of the impact of the credit valuation adjustments on the overall valuation of its derivative positions and has determined that the credit valuation adjustments were not significant to the overall valuation of its derivatives. As a result, the Company has determined that its derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. The following tables summarize the financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 and September 30, 2019: March 31, 2020 Carrying Value Level 1 Level 2 Level 3 Other assets: Investments held by Rabbi Trust $ 9.3 $ 9.3 $ — $ — Total assets $ 9.3 $ 9.3 $ — $ — Accrued expenses and other current liabilities: Interest rate swap contracts $ 14.3 $ — $ 14.3 $ — Fuel hedges 4.3 — 4.3 — Other liabilities: Interest rate swap contracts 3.7 — 3.7 — Fuel hedges 0.9 — 0.9 — Obligation to Rabbi Trust 9.3 9.3 — — Total liabilities $ 32.5 $ 9.3 $ 23.2 $ — September 30, 2019 Carrying Value Level 1 Level 2 Level 3 Other assets: Investments held by Rabbi Trust $ 11.1 $ 11.1 $ — $ — Total assets $ 11.1 $ 11.1 $ — $ — Accrued expenses and other current liabilities: Interest rate swap contracts $ 6.3 $ — $ 6.3 $ — Other liabilities: Interest rate swap contracts 10.9 — 10.9 — Obligation to Rabbi Trust 11.1 11.1 — — Total liabilities $ 28.3 $ 11.1 $ 17.2 $ — Hedging Activities As of March 31, 2020 and September 30, 2019, the Company’s outstanding derivatives qualify as cash flow hedges. The Company assesses whether derivatives used in hedging transactions are “highly effective” in offsetting changes in the cash flow of the hedged forecasted transactions. Regression analysis is used for the hedge relationships and high effectiveness is achieved when a statistically valid relationship reflects a high degree of offset and correlation between the fair values of the derivative and the hedged forecasted transaction. The entire change in the fair value of the derivative included in the assessment of hedge effectiveness is initially reported in Other comprehensive income (loss) and subsequently reclassified to Interest expense in the Consolidated Statements of Operations when the hedged item affects earnings. If it is determined that a derivative is not highly effective as a hedge, or if the hedged forecasted transaction is no longer probable of occurring, then the amount recognized in Accumulated other comprehensive loss is released to earnings. Cash flows from the derivatives are classified in the same category as the cash flows from the underlying hedged transaction. Interest Rate Swap Contracts The Company has exposures to variability in interest rates associated with its variable interest rate debt. As such, the Company has entered into interest rate swaps to help manage interest rate exposure by economically converting a portion of its variable-rate debt to fixed-rate debt effective for the periods March 18, 2016 through December 31, 2020. The notional amount of interest rate contracts was $980.0 and $1,000.0, respectively, at March 31, 2020 and September 30, 2019. The net deferred losses on the interest rate swaps as of March 31, 2020 of $12.9, net of taxes, are expected to be recognized in interest expense over the next 12 months. The effects on the consolidated financial statements of the interest rate swaps which were designated as cash flow hedges were as follows: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 (Loss) recognized in Other comprehensive income (loss) $ (8.1 ) $ (1.9 ) $ (7.9 ) $ (6.1 ) Net (loss) reclassified from Accumulated other comprehensive loss into Interest expense (3.8 ) (2.6 ) (6.8 ) (3.4 ) Fuel Swap Contracts The Company has exposures to variability in fuel pricing associated with its purchase and usage of fuel during the course of business operating a large fleet of vehicles and mowers. As such, the Company has entered into gasoline hedge contracts to help reduce its exposure to volatility in the fuel markets. As of March 31, 2020, the Company has four outstanding fuel contracts covering the period January 1, 2020 through December 31, 2021 with a notional amount of $11.0. The net deferred losses on the fuel swaps as of March 31, 2020 of $3.8, net of taxes, are expected to be recognized in Cost of services provided over the next 12 months. The effects on the consolidated financial statements of the fuel swaps which were designated as cash flow hedges were as follows: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 (Loss) income recognized in Other comprehensive income (loss) $ (5.5 ) $ 0.9 $ (5.5 ) $ 0.9 Net (loss) income reclassified from Accumulated other comprehensive loss into Interest expense (0.1 ) — 0.2 —

Income Taxes

Income Taxes	6 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	10. The following table summarizes the Company’s income tax benefit and effective income tax rate for the three and six months ended March 31, 2020 and 2019. Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 (Loss) before income taxes $ (27.2 ) $ (4.9 ) $ (44.7 ) $ (16.9 ) Income tax (benefit) (6.7 ) (1.3 ) (11.6 ) (4.5 ) Effective income tax rate 24.6 % 26.5 % 26.0 % 26.6 % The decrease in the effective tax rate for the three and six months ended March 31, 2020 when compared to the three and six months ended March 31, 2019, is primarily related to the geographical distribution of the pretax loss as well as state tax law changes that were recorded discretely during each of the periods.

Leases

Leases	6 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Leases	11. , 842-20-50-9] The Company determines if an arrangement is a lease at the inception of the agreement. The Company determines an arrangement is a lease if it conveys the right to control the use of the asset for a period of time in exchange for consideration. The Company has operating and finance leases for branch and administrative offices, vehicles, certain machinery and equipment, furniture, and information technology assets. The Company’s leases have remaining lease terms of month to month up to 13 years with one or more exercisable renewal periods and specified increases in lease payments upon exercise of the renewal options. For purposes of calculating lease liabilities, lease terms may be deemed to include options to extend the lease when it is reasonably certain that the Company will exercise those options. Some leasing arrangements require variable payments that are dependent on usage, output, or may vary for other reasons, such as insurance, common area maintenance, and tax payments. The variable lease payments are not presented as part of the initial right-of-use asset or lease liability. The Company's lease agreements do not contain any material restrictive covenants or residual value guarantees. The following table summarizes the lease-related assets and liabilities recorded in the consolidated balance sheet at March 31, 2020: Operating leases: Right-of-use asset $ 66.7 Current portion of lease liabilities 21.4 Lease liabilities 50.6 Total operating lease liabilities $ 72.0 Finance leases: Right-of-use asset (1) $ 12.9 Current portion of lease liabilities (2) 6.6 Lease liabilities (3) 1.1 Total finance lease liabilities $ 7.7 (1) Included in “Property and equipment, net” in the consolidated balance sheet. (2) Included in “Accrued expenses and other liabilities” in the consolidated balance sheet. (3) Included in “Other liabilities” in the consolidated balance sheet. As most of the Company’s leases do not specifically state an implicit rate, the Company uses an incremental borrowing rate consistent with the lease term as of the lease commencement date when calculating the present value of remaining lease payments. The incremental borrowing rate reflects the cost to borrow on a securitized basis. The remaining lease term does not reflect all renewal options available to the Company, only those renewal options that the Company has assessed as reasonably certain taking into consideration the economic factors noted above. The weighted-average remaining lease terms and incremental borrowing rates as of March 31, 2020 are as follows: Operating leases: Weighted-average remaining lease term (years) 5.4 Weighted-average incremental borrowing rate 3.1 % Finance leases: Weighted-average remaining lease term (years) 1.8 Weighted-average incremental borrowing rate 3.2 % The components of lease cost for operating and finance leases for the three and six months ended March 31, 2020 were as follows: Three Months Ended March 31, Six Months Ended March 31, 2020 2020 Operating lease cost $ 7.1 $ 14.4 Finance lease cost: Amortization of right-of-use asset 1.3 2.4 Interest on lease liabilities — 0.1 Total finance lease cost 1.3 2.5 Short-term lease cost 7.7 14.0 Variable lease costs not included in lease liability 0.6 0.8 Sublease income (0.1 ) (0.3 ) Total lease cost $ 16.6 $ 31.4 Supplemental cash flow information for the three and six months ended March 31, 2020 is as follows: Three Months Ended March 31, Six Months Ended March 31, 2020 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (6.4 ) $ (13.0 ) Operating cash flows from finance leases — (0.1 ) Financing cash flows from finance leases (1.7 ) (3.2 ) Non-cash items: New finance leases $ 3.2 $ 3.2 As of March 31, 2020, the Company does not have material operating or financing leases that have not yet commenced. Maturities of operating and finance lease liabilities as of March 31, 2020 were as follows: Fiscal Year Operating Lease Finance Lease 2020 $ 18.6 $ 5.1 2021 20.7 2.6 2022 15.4 0.8 2023 10.3 0.1 2024 7.2 — Thereafter 16.6 — Total 88.8 8.6 Less: Executory Costs — — Total net lease payments 88.8 8.6 Less: Amounts representing interest (16.8 ) (0.9 ) Total lease liabilities 72.0 7.7 Less: Current portion of lease liabilities (21.4 ) (6.6 ) Non-current lease liabilities $ 50.6 $ 1.1 Future minimum lease payments for operating leases accounted for under ASC 840, Leases Fiscal Year Ended September 30, 2020 $ 21.7 2021 17.0 2022 13.2 2023 10.3 2024 and thereafter 22.8 Total $ 85.0 Future minimum lease payments under capital lease obligations as of September 30, 2019 are as follows: Future minimum lease payments: Fiscal Year Ended September 30: 2020 $ 5.6 2021 3.2 2022 0.7 2023 0.2 2024 and thereafter — Total 9.7 Less: Executory costs (0.1 ) Net minimum lease payments 9.6 Less: Amount representing interest (1.1 ) Present value of net minimum lease payments 8.5 Less: Current portion (5.4 ) Long-term portion of finance lease obligations $ 3.1

Equity-Based Compensation

Equity-Based Compensation	6 Months Ended
	Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity-Based Compensation	12. Restricted Stock Units On November 22, 2019, the Company issued 194,000 nonforfeitable restricted stock units (“RSUs”) at a weighted average grant date fair value of $16.89, all of which are subject to vesting. The majority of these shares will vest ratably over a two-year period commencing on the first anniversary of the grant date. Non-cash equity-based compensation expense associated with the grant is approximately $3.3 all of which was recognized during the three months ended December 31, 2019. On November 22, 2019, the Company issued 454,000 restricted stock units (“RSUs”) at a weighted average grant date fair value of $16.89, all of which are subject to vesting. The majority of these units will vest ratably over a four-year period commencing on the first anniversary of the grant date. Non-cash equity-based compensation expense associated with the grant will be approximately $6.8 over the requisite service period. Stock Option Awards On November 22, 2019, the Company issued 953,000 stock options at a weighted average exercise price of $16.89 and a weighted average grant date fair value of $8.06, the majority of which will vest and become exercisable ratably over a four-year period commencing on the first anniversary of the grant date. Non-cash equity-based compensation expense associated with the grant will be approximately $6.6 over the requisite service period. Information regarding the total equity-based compensation expense, for the periods indicated is as follows: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 Total equity-based compensation expense recognized $ 4.9 $ 5.6 $ 13.1 $ 11.5 At March 31, 2020 the aggregate unamortized value of outstanding stock-based compensation awards was approximately $45.0, with a weighted average remaining life of 2.1 years. 2018 Employee Stock Purchase Plan The Company’s stockholders approved in 2018 the Company’s 2018 Employee Stock Purchase Plan (the “ESPP”). A total of 1,100,000 shares of the Company’s common stock were made available for sale on October 22, 2018 and 172,000 were issued on November 14, 2019, and an additional portion thereof will be issued on November 14, 2020.

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Mar. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	13. Risk Management The Company carries general liability, auto liability, workers’ compensation, professional liability, directors’ and officers’ liability and employee health care insurance policies. In addition, the Company carries umbrella liability insurance policies to cover claims over the liability limits contained in the primary policies. The Company’s insurance programs for workers’ compensation, general liability, auto liability and employee health care for certain employees contain self-insured retention amounts, deductibles and other coverage limits (“self-insured liability”). Claims that are not self-insured as well as claims in excess of the self-insured liability amounts are insured. The Company uses estimates in the determination of the required reserves. These estimates are based upon calculations performed by third-party actuaries, as well as examination of historical trends and industry claims experience. The Company’s reserve for unpaid and incurred but not reported claims under these programs at March 31, 2020 was $133.4, of which $45.6 was classified in current liabilities and $87.8 was classified in non-current liabilities in the accompanying unaudited consolidated balance sheet. The Company’s reserve for unpaid and incurred but not reported claims under these programs at September 30, 2019 was $124.5, of which $37.4 was classified in current liabilities and $87.1 was classified in non-current liabilities in the accompanying consolidated balance sheet. While the ultimate amount of these claims is dependent on future developments, in management’s opinion, recorded reserves are adequate to cover these claims. The Company’s reserve for unpaid and incurred but not reported claims at March 31, 2020 includes $38.7 related to claims recoverable from third party insurance carriers. Corresponding assets of $8.1 and $30.6 are recorded at March 31, 2020, as Other current assets and Other assets, respectively. The Company’s reserve for unpaid and incurred but not reported claims at September 30, 2019 includes $32.1 related to claims recoverable from third party insurance carriers. Corresponding assets of $6.1 and $26.0 were recorded at September 30, 2019, as Other current assets and Other assets, respectively. Litigation Contingency From time to time, the Company is subject to legal proceedings and claims in the ordinary course of its business, principally claims made alleging injuries (including vehicle and general liability matters as well as workers’ compensation and property casualty claims). Such claims, even if lacking merit, can result in expenditures of significant financial and managerial resources. In the ordinary course of its business, the Company is also subject to claims involving current and/or former employees and disputes involving commercial and regulatory matters. Regulatory matters include, among other things, audits and reviews of local and federal tax compliance, safety and employment practices. Although the process of resolving regulatory matters and claims through litigation and other means is inherently uncertain, the Company is not aware of any such matter, legal proceeding or claim that it believes will have, individually or in the aggregate, a material effect on the Company, its financial condition, results of operations or cash flows. For all legal matters, an estimated liability is established in accordance with the loss contingencies accounting guidance. This estimated liability is included in Accrued expenses and other current liabilities in the accompanying Consolidated Balance Sheets. Stockholder Litigation In April 2019, two purported class action complaints, one captioned McComas v. BrightView Holdings, Inc., and the other captioned Speiser v. BrightView Holdings, Inc., were filed against the Company, certain current and former officers and directors of the Company, the underwriters in the Company’s IPO, and the Company’s alleged controlling stockholders. The complaints were consolidated in July 2019 in the Montgomery County Court of Common Pleas under the caption In re BrightView Holdings, Inc. Securities Litigation, with the McComas complaint, as subsequently amended, as the operative pleading. Both complaints allege violations of Section 11 of the Securities Act of 1933 against all defendants and controlling person claims under Section 15 of the Act against certain defendants. The plaintiffs purport to represent similar classes of persons who purchased BrightView stock in its IPO in July 2018 or purchased BrightView stock in the market that was traceable to the shares issued in the IPO. The complaints allege that the IPO prospectus was misleading because it allegedly failed to disclose that a portion of BrightView’s contracts were underperforming and/or represented undesirable costs to the Company and that, as a result, BrightView would implement a managed exit strategy from low margin or non-profitable contracts that would negatively impact its future revenues; and that BrightView failed to disclose an alleged labor shortage caused by the Company’s inability to hire sufficient workers through the H-2B visa program would adversely affect earnings. On August 12, 2019, BrightView and the other defendants filed preliminary objections seeking dismissal of the complaint as legally insufficient. Defendants also filed a petition for dismissal based on the provision in BrightView’s certificate of incorporation that designates the federal district courts of the United States of America as the exclusive forum for resolving any claim arising under the United States federal securities laws, or to stay the action pending the decision of the Delaware Supreme Court in Salzberg v. Sciabacucchi. In that case, the Delaware Supreme Court was expected to decide whether federal forum selection provisions such as the one in BrightView’s certificate of incorporation are enforceable under Delaware law. On November 4, 2019, plaintiffs filed a motion for class certification. On November 6, 2019, the Court overruled defendants’ preliminary objections and denied defendants’ petition for dismissal or for a stay, without prejudice to renewal after the Delaware Supreme Court issued its decision in Salzberg v. Sciabacucchi. On January 10, 2020, the defendants filed answers to the complaint. On March 18, 2020, the Delaware Supreme Court rendered its decision, upholding under Delaware’s General Corporate Law the facial validity of federal-forum selection provisions such as the one in BrightView’s certificate of incorporation. The Company intends to continue to defend itself vigorously against the actions. The Company is unable at this time to determine the amount of the possible loss or range of loss, if any, that it may incur as a result of these matters.

Segments

Segments	6 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segments	14. The operations of the Company are conducted through two operating segments: Maintenance Services and Development Services, which are also its reportable segments. Maintenance Services primarily consists of recurring landscape maintenance services and snow removal services as well as supplemental landscape enhancement services. Development Services primarily consists of landscape architecture and development services for new construction and large scale redesign projects. Development Services also includes our tree and nursery division, which grows and sells trees as well as manages removal and installation of specimen trees as part of many development projects. The operating segments identified above are determined based on the services provided, and they reflect the manner in which operating results are regularly reviewed by the Chief Operating Decision Maker (“CODM”) to allocate resources and assess performance. The CODM is the Company’s Chief Executive Officer. The CODM evaluates the performance of the Company’s operating segments based upon Net Service Revenues, Adjusted EBITDA and Capital Expenditures. Management uses Adjusted EBITDA to evaluate performance and profitability of each operating segment. The accounting policies of the segments are the same as those described in Note 2 “Summary of Significant Accounting Policies” in the notes to our consolidated financial statements in the Annual Report on Form 10-K for the fiscal year ended September 30, 2019. Corporate includes corporate executive compensation, finance, legal and information technology which are not allocated to the segments. Eliminations represent eliminations of intersegment revenues. The Company does not currently provide asset information by segment, as this information is not used by management when allocating resources or evaluating performance. The following is a summary of certain financial data for each of the segments: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 Maintenance Services $ 416.2 $ 473.3 $ 835.1 $ 865.8 Development Services 143.6 124.0 296.4 258.4 Eliminations (0.7 ) (0.7 ) (1.7 ) (1.5 ) Net service revenues $ 559.1 $ 596.6 $ 1,129.8 $ 1,122.7 Maintenance Services $ 41.2 $ 65.0 $ 88.9 $ 113.7 Development Services 13.7 11.0 32.8 28.1 Corporate (16.0 ) (14.9 ) (31.2 ) (30.6 ) Adjusted EBITDA (1) $ 38.9 $ 61.1 $ 90.5 $ 111.2 Maintenance Services $ 14.3 $ 18.9 $ 26.1 $ 30.0 Development Services 5.9 3.5 7.9 6.7 Corporate 0.4 2.9 1.1 5.9 Capital expenditures $ 20.6 $ 25.3 $ 35.1 $ 42.6 (1) Presented below is a reconciliation of Net (loss) to Adjusted EBITDA: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 Net (loss) $ (20.5 ) $ (3.6 ) $ (33.1 ) $ (12.4 ) Interest expense 17.1 18.9 34.5 36.1 Income tax (benefit) (6.7 ) (1.3 ) (11.6 ) (4.5 ) Depreciation expense 19.3 21.7 39.5 41.0 Amortization expense 13.6 13.8 27.1 28.9 Establish public company financial reporting compliance (a) — 1.3 0.9 1.7 Business transformation and integration costs (b) 8.9 4.7 17.3 8.9 Offering-related expenses (c) 1.2 — 1.5 — Equity-based compensation (d) 4.9 5.6 13.3 11.5 COVID-19 related expenses (e) 1.1 — 1.1 — Adjusted EBITDA $ 38.9 $ 61.1 $ 90.5 $ 111.2 (a) Represents costs incurred to establish public company financial reporting compliance, including costs to comply with the requirements of Sarbanes-Oxley and the accelerated adoption of the revenue recognition standard (ASC 606 – Revenue from Contracts with Customers (b) Business transformation and integration costs consist of (i) severance and related costs; (ii) rebranding of vehicle fleet; (iii) business integration costs and (iv) information technology infrastructure, transformation costs, and other. (c) Represents expenses incurred for IPO related litigation and subsequent registration statements. No related expenses were incurred during the three months or six months ended March 31, 2019. (d) Represents equity-based compensation expense and related taxes recognized for equity incentive plans outstanding, including $1.9 and $3.9 million of equity based compensation expense related to the IPO in the three and six months ended March 31, 2020, respectively. (e) Represents expenses related to the Company’s response to the COVID-19 pandemic, primarily for purchases of additional supplies.

Earnings (Loss) Per Share of Co

Earnings (Loss) Per Share of Common Stock	6 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings (Loss) Per Share of Common Stock	15. Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common shares by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, increased to include the number of shares of common stock that would have been outstanding had potential dilutive shares of common stock been issued. Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings (loss) per share calculation for the periods indicated: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 Numerator: Net (loss) available to common stockholders $ (20.5 ) $ (3.6 ) $ (33.1 ) $ (12.4 ) Denominator: Weighted average number of common shares outstanding – basic and diluted 103,651,000 102,785,000 103,478,000 102,643,000 Basic and diluted (loss) per share $ (0.20 ) $ (0.04 ) $ (0.32 ) $ (0.12 ) Other Information: Weighted average number of anti-dilutive options and restricted stock 8,453,000 4,845,000 8,030,000 5,102,000

Business and Basis of Present_2

Business and Basis of Presentation (Policies)	6 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim reporting and are unaudited. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments, including normal, recurring accruals that are necessary for a fair presentation of the Company’s operations for the periods presented in conformity with GAAP. All intercompany activity and balances have been eliminated from the consolidated financial statements. The consolidated results of operations for the interim periods presented are not necessarily indicative of results for the full year. The consolidated balance sheet as of September 30, 2019, presented herein, has been derived from the Company’s audited consolidated financial statements as of and for the fiscal year ended September 30, 2019, but does not include all disclosures required by GAAP, for annual financial statements. For a more complete discussion of the Company’s accounting policies and certain other information refer to the audited consolidated financial statements and the notes thereto included in the Company’s annual report on Form 10-K for the fiscal year ended September 30, 2019, filed with the Securities and Exchange Commission (“SEC”).
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. On an ongoing basis, management reviews its estimates, including those related to allowances for doubtful accounts, revenue recognition, self-insurance reserves, estimates related to the Company’s assessment of goodwill for impairment, useful lives for depreciation and amortization, realizability of deferred tax assets, and litigation based on currently available information. Changes in facts and circumstances may result in revised estimates and actual results may differ from estimates.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Mar. 31, 2020
Revenue From Contract With Customer [Abstract]
Schedule of Reportable Segment Revenues, Disaggregated by Revenue	The following table presents the Company’s reportable segment revenues, disaggregated by revenue type. The Company disaggregates revenue from contracts with customers into major services lines. The Company has determined that disaggregating revenue into these categories achieves the disclosure objective to depict how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. As noted in the business segment reporting information in Note 14 “Segments”, the Company’s reportable segments are Maintenance Services and Development Services. Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 Landscape Maintenance $ 313.7 $ 281.8 $ 677.0 $ 626.1 Snow Removal 102.5 191.5 158.1 239.7 Maintenance Services 416.2 473.3 835.1 865.8 Development Services 143.6 124.0 296.4 258.4 Eliminations (0.7 ) (0.7 ) (1.7 ) (1.5 ) Net service revenues $ 559.1 $ 596.6 $ 1,129.8 $ 1,122.7
Schedule of Contract Balances	Changes in deferred revenue for the six month period ended March 31, 2020 were as follows: Deferred Revenue Balance, October 1, 2019 $ 49.1 Recognition of revenue (446.9 ) Deferral of revenue 483.9 Balance, March 31, 2020 $ 86.1

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories consist of the following: March 31, 2020 September 30, 2019 Finished products $ 5.3 $ 6.8 Semi-finished products 12.6 11.0 Raw materials and supplies 12.1 8.7 Inventories $ 30.0 $ 26.5

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Mar. 31, 2020
Property Plant And Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consists of the following: Useful Life March 31, 2020 September 30, 2019 Land — $ 54.5 $ 54.1 Buildings and leasehold improvements 2-40 yrs. 42.2 40.1 Operating equipment 2-7 yrs. 204.3 199.8 Transportation vehicles 3-7 yrs. 259.1 236.5 Office equipment and software 3-10 yrs. 62.4 63.3 Construction in progress — 9.2 8.2 Property and equipment 631.7 602.0 Less: Accumulated depreciation 353.4 329.6 Property and equipment, net $ 278.3 $ 272.4

Intangible Assets, Goodwill a_2

Intangible Assets, Goodwill and Acquisitions (Tables)	6 Months Ended
	Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets as of March 31, 2020 and September 30, 2019 consisted of the following: March 31, 2020 September 30, 2019 Estimated Useful Life Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Customer relationships 6-21 yrs. $ 656.9 $ (420.0 ) $ 639.6 $ (393.3 ) Trademarks 4-12 yrs. 4.8 (1.8 ) 4.8 (1.7 ) Non-compete agreements 5 yrs. 2.7 (0.9 ) 2.7 (0.6 ) Total intangible assets $ 664.4 $ (422.7 ) $ 647.1 $ (395.6 )
Summary of Goodwill	The following is a summary of the goodwill activity for the periods ended September 30, 2019 and March 31, 2020: Maintenance Services Development Services Total Balance, September 30, 2018 $ 1,572.4 $ 194.4 $ 1,766.8 Acquisitions 43.6 — 43.6 Balance, September 30, 2019 1,616.0 194.4 1,810.4 Acquisitions 68.5 — 68.5 Balance, March 31, 2020 $ 1,684.5 $ 194.4 $ 1,878.9 During the six months ended March 31, 2020, the Company acquired, through a series of separate transactions, 100% of the operations of five unrelated Maintenance Services companies. The Company paid approximately $87.1 in consideration for the acquisitions, net of cash acquired. The Company accounted for the business combinations under the acquisition method and, accordingly, recorded the assets acquired and liabilities assumed at their estimated fair market values based on management’s preliminary estimates, with the excess allocated to goodwill. The fair values were primarily estimated using Level 3 assumptions within the fair value hierarchy, including estimated future cash flows, discount rates and other factors. The valuation process to determine fair values is not yet complete. The Company will finalize the amounts recognized as it obtains the information necessary to complete the analysis, but no later than one year from the acquisition date. The identifiable assets acquired were primarily intangible assets, including customer relationships and non-compete agreements of $17.3. The amount allocated to goodwill is reflective of the benefits the Company expects to realize from anticipated synergies and the acquired assembled workforce. The Company expects a portion of the goodwill resulting from these acquisitions will be deductible for tax purposes.

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consists of the following: March 31, 2020 September 30, 2019 Series B term loan $ 1,016.7 $ 1,021.7 Revolving credit facility 60.0 — Receivables financing agreement 170.0 140.0 Financing costs, net (15.5 ) (17.1 ) Total debt, net 1,231.2 1,144.6 Less: Current portion of long-term debt 10.4 10.4 Long-term debt, net $ 1,220.8 $ 1,134.2
Scheduled Maturities of Long-Term Debt	The following are the scheduled maturities of long-term debt, which do not include any estimated excess cash flow payments: March 31, 2021 $ 10.4 2022 180.4 2023 10.4 2024 70.4 2025 and thereafter 977.2 Total long-term debt 1,248.8 Less: Current maturities 10.4 Less: Original issue discount 2.1 Less: Financing costs 15.5 Total long-term debt, net $ 1,220.8

Fair Value Measurements and D_2

Fair Value Measurements and Derivatives Instruments (Tables)	6 Months Ended
	Mar. 31, 2020
Derivative Instruments Gain Loss [Line Items]
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables summarize the financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 and September 30, 2019: March 31, 2020 Carrying Value Level 1 Level 2 Level 3 Other assets: Investments held by Rabbi Trust $ 9.3 $ 9.3 $ — $ — Total assets $ 9.3 $ 9.3 $ — $ — Accrued expenses and other current liabilities: Interest rate swap contracts $ 14.3 $ — $ 14.3 $ — Fuel hedges 4.3 — 4.3 — Other liabilities: Interest rate swap contracts 3.7 — 3.7 — Fuel hedges 0.9 — 0.9 — Obligation to Rabbi Trust 9.3 9.3 — — Total liabilities $ 32.5 $ 9.3 $ 23.2 $ — September 30, 2019 Carrying Value Level 1 Level 2 Level 3 Other assets: Investments held by Rabbi Trust $ 11.1 $ 11.1 $ — $ — Total assets $ 11.1 $ 11.1 $ — $ — Accrued expenses and other current liabilities: Interest rate swap contracts $ 6.3 $ — $ 6.3 $ — Other liabilities: Interest rate swap contracts 10.9 — 10.9 — Obligation to Rabbi Trust 11.1 11.1 — — Total liabilities $ 28.3 $ 11.1 $ 17.2 $ —
Interest Rate Swaps
Derivative Instruments Gain Loss [Line Items]
Summary of Effects on Consolidated Financial Statements of Designated As Cash Flow Hedges	The effects on the consolidated financial statements of the interest rate swaps which were designated as cash flow hedges were as follows: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 (Loss) recognized in Other comprehensive income (loss) $ (8.1 ) $ (1.9 ) $ (7.9 ) $ (6.1 ) Net (loss) reclassified from Accumulated other comprehensive loss into Interest expense (3.8 ) (2.6 ) (6.8 ) (3.4 )
Fuel Swap Contracts
Derivative Instruments Gain Loss [Line Items]
Summary of Effects on Consolidated Financial Statements of Designated As Cash Flow Hedges	The effects on the consolidated financial statements of the fuel swaps which were designated as cash flow hedges were as follows: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 (Loss) income recognized in Other comprehensive income (loss) $ (5.5 ) $ 0.9 $ (5.5 ) $ 0.9 Net (loss) income reclassified from Accumulated other comprehensive loss into Interest expense (0.1 ) — 0.2 —

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Summary of Income Tax Benefit and Effective Income Tax Rate	The following table summarizes the Company’s income tax benefit and effective income tax rate for the three and six months ended March 31, 2020 and 2019. Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 (Loss) before income taxes $ (27.2 ) $ (4.9 ) $ (44.7 ) $ (16.9 ) Income tax (benefit) (6.7 ) (1.3 ) (11.6 ) (4.5 ) Effective income tax rate 24.6 % 26.5 % 26.0 % 26.6 %

Leases (Tables)

Leases (Tables)	6 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Summary of Lease-Related Assets and Liabilities	The following table summarizes the lease-related assets and liabilities recorded in the consolidated balance sheet at March 31, 2020: Operating leases: Right-of-use asset $ 66.7 Current portion of lease liabilities 21.4 Lease liabilities 50.6 Total operating lease liabilities $ 72.0 Finance leases: Right-of-use asset (1) $ 12.9 Current portion of lease liabilities (2) 6.6 Lease liabilities (3) 1.1 Total finance lease liabilities $ 7.7 (1) Included in “Property and equipment, net” in the consolidated balance sheet. (2) Included in “Accrued expenses and other liabilities” in the consolidated balance sheet. (3) Included in “Other liabilities” in the consolidated balance sheet.
Summary of Weighted-average Remaining Lease Terms and Incremental Borrowing Rates	The weighted-average remaining lease terms and incremental borrowing rates as of March 31, 2020 are as follows: Operating leases: Weighted-average remaining lease term (years) 5.4 Weighted-average incremental borrowing rate 3.1 % Finance leases: Weighted-average remaining lease term (years) 1.8 Weighted-average incremental borrowing rate 3.2 %
Summary of Components of Lease Cost for Operating and Finance Leases	The components of lease cost for operating and finance leases for the three and six months ended March 31, 2020 were as follows: Three Months Ended March 31, Six Months Ended March 31, 2020 2020 Operating lease cost $ 7.1 $ 14.4 Finance lease cost: Amortization of right-of-use asset 1.3 2.4 Interest on lease liabilities — 0.1 Total finance lease cost 1.3 2.5 Short-term lease cost 7.7 14.0 Variable lease costs not included in lease liability 0.6 0.8 Sublease income (0.1 ) (0.3 ) Total lease cost $ 16.6 $ 31.4
Summary of Supplemental Cash Flow Information	Supplemental cash flow information for the three and six months ended March 31, 2020 is as follows: Three Months Ended March 31, Six Months Ended March 31, 2020 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ (6.4 ) $ (13.0 ) Operating cash flows from finance leases — (0.1 ) Financing cash flows from finance leases (1.7 ) (3.2 ) Non-cash items: New finance leases $ 3.2 $ 3.2
Summary of Maturities of Operating and Finance Lease Liabilities	Maturities of operating and finance lease liabilities as of March 31, 2020 were as follows: Fiscal Year Operating Lease Finance Lease 2020 $ 18.6 $ 5.1 2021 20.7 2.6 2022 15.4 0.8 2023 10.3 0.1 2024 7.2 — Thereafter 16.6 — Total 88.8 8.6 Less: Executory Costs — — Total net lease payments 88.8 8.6 Less: Amounts representing interest (16.8 ) (0.9 ) Total lease liabilities 72.0 7.7 Less: Current portion of lease liabilities (21.4 ) (6.6 ) Non-current lease liabilities $ 50.6 $ 1.1
Summary of Minimum Annual Lease Payments Under Non-Cancelable Operating Leases	Future minimum lease payments for operating leases accounted for under ASC 840, Leases Fiscal Year Ended September 30, 2020 $ 21.7 2021 17.0 2022 13.2 2023 10.3 2024 and thereafter 22.8 Total $ 85.0
Summary of Future Minimum Lease Payments Under Capital Lease Obligations	Future minimum lease payments under capital lease obligations as of September 30, 2019 are as follows: Future minimum lease payments: Fiscal Year Ended September 30: 2020 $ 5.6 2021 3.2 2022 0.7 2023 0.2 2024 and thereafter — Total 9.7 Less: Executory costs (0.1 ) Net minimum lease payments 9.6 Less: Amount representing interest (1.1 ) Present value of net minimum lease payments 8.5 Less: Current portion (5.4 ) Long-term portion of finance lease obligations $ 3.1

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	6 Months Ended
	Mar. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Total Equity-Based Compensation Expense	Information regarding the total equity-based compensation expense, for the periods indicated is as follows: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 Total equity-based compensation expense recognized $ 4.9 $ 5.6 $ 13.1 $ 11.5

Segments (Tables)

Segments (Tables)	6 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Summary of Certain Financial Data For Each of Segments	The following is a summary of certain financial data for each of the segments: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 Maintenance Services $ 416.2 $ 473.3 $ 835.1 $ 865.8 Development Services 143.6 124.0 296.4 258.4 Eliminations (0.7 ) (0.7 ) (1.7 ) (1.5 ) Net service revenues $ 559.1 $ 596.6 $ 1,129.8 $ 1,122.7 Maintenance Services $ 41.2 $ 65.0 $ 88.9 $ 113.7 Development Services 13.7 11.0 32.8 28.1 Corporate (16.0 ) (14.9 ) (31.2 ) (30.6 ) Adjusted EBITDA (1) $ 38.9 $ 61.1 $ 90.5 $ 111.2 Maintenance Services $ 14.3 $ 18.9 $ 26.1 $ 30.0 Development Services 5.9 3.5 7.9 6.7 Corporate 0.4 2.9 1.1 5.9 Capital expenditures $ 20.6 $ 25.3 $ 35.1 $ 42.6 (1) Presented below is a reconciliation of Net (loss) to Adjusted EBITDA: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 Net (loss) $ (20.5 ) $ (3.6 ) $ (33.1 ) $ (12.4 ) Interest expense 17.1 18.9 34.5 36.1 Income tax (benefit) (6.7 ) (1.3 ) (11.6 ) (4.5 ) Depreciation expense 19.3 21.7 39.5 41.0 Amortization expense 13.6 13.8 27.1 28.9 Establish public company financial reporting compliance (a) — 1.3 0.9 1.7 Business transformation and integration costs (b) 8.9 4.7 17.3 8.9 Offering-related expenses (c) 1.2 — 1.5 — Equity-based compensation (d) 4.9 5.6 13.3 11.5 COVID-19 related expenses (e) 1.1 — 1.1 — Adjusted EBITDA $ 38.9 $ 61.1 $ 90.5 $ 111.2 (a) Represents costs incurred to establish public company financial reporting compliance, including costs to comply with the requirements of Sarbanes-Oxley and the accelerated adoption of the revenue recognition standard (ASC 606 – Revenue from Contracts with Customers (b) Business transformation and integration costs consist of (i) severance and related costs; (ii) rebranding of vehicle fleet; (iii) business integration costs and (iv) information technology infrastructure, transformation costs, and other. (c) Represents expenses incurred for IPO related litigation and subsequent registration statements. No related expenses were incurred during the three months or six months ended March 31, 2019. (d) Represents equity-based compensation expense and related taxes recognized for equity incentive plans outstanding, including $1.9 and $3.9 million of equity based compensation expense related to the IPO in the three and six months ended March 31, 2020, respectively. (e) Represents expenses related to the Company’s response to the COVID-19 pandemic, primarily for purchases of additional supplies.

Earnings (Loss) Per Share of _2

Earnings (Loss) Per Share of Common Stock (Tables)	6 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator for Basic and Diluted Earnings (loss) Per Share Calculation	Set forth below is a reconciliation of the numerator and denominator for basic and diluted earnings (loss) per share calculation for the periods indicated: Three Months Ended March 31, Six Months Ended March 31, 2020 2019 2020 2019 Numerator: Net (loss) available to common stockholders $ (20.5 ) $ (3.6 ) $ (33.1 ) $ (12.4 ) Denominator: Weighted average number of common shares outstanding – basic and diluted 103,651,000 102,785,000 103,478,000 102,643,000 Basic and diluted (loss) per share $ (0.20 ) $ (0.04 ) $ (0.32 ) $ (0.12 ) Other Information: Weighted average number of anti-dilutive options and restricted stock 8,453,000 4,845,000 8,030,000 5,102,000

Business and Basis of Present_3

Business and Basis of Presentation - Additional Information (Details)	6 Months Ended
	Mar. 31, 2020segment
Accounting Policies [Abstract]
Number of reportable segments	2

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements - Additional Informaiton (Details) - USD ($) $ in Millions	Oct. 01, 2019	Sep. 30, 2019
New Accounting Pronouncement Early Adoption [Line Items]
Right-of-use asset and lease liability classified as deferred rent obligations and exit/disposal liabilities, and prepaid rent		$ 5.7
Accounting Standards Update 2016-02
New Accounting Pronouncement Early Adoption [Line Items]
Lease liability	$ 76.3
Right-of-use asset	$ 70.6

Revenue - Additional Informatio

Revenue - Additional Information (Details) $ in Millions	6 Months Ended
	Mar. 31, 2020USD ($)
Disaggregation Of Revenue [Line Items]
Revenue, remaining performance obligations, amount	$ 364.1
Contract with customer billed revenue	80.2
Contract with customer unbilled revenue additions	$ 53.9
Revenue, practical expedient, financing component	true
Minimum | Maintenance Services
Disaggregation Of Revenue [Line Items]
Recurring annual contract period	1 year
Maximum | Maintenance Services
Disaggregation Of Revenue [Line Items]
Recurring annual contract period	3 years

Revenue - Schedule of Reportabl

Revenue - Schedule of Reportable Segment Revenues, Disaggregated by Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Disaggregation Of Revenue [Line Items]
Net service revenues	$ 559.1	$ 596.6	$ 1,129.8	$ 1,122.7
Operating Segments | Landscape Maintenance
Disaggregation Of Revenue [Line Items]
Net service revenues	313.7	281.8	677	626.1
Operating Segments | Snow Removal
Disaggregation Of Revenue [Line Items]
Net service revenues	102.5	191.5	158.1	239.7
Operating Segments | Maintenance Services
Disaggregation Of Revenue [Line Items]
Net service revenues	416.2	473.3	835.1	865.8
Operating Segments | Development Services
Disaggregation Of Revenue [Line Items]
Net service revenues	143.6	124	296.4	258.4
Eliminations
Disaggregation Of Revenue [Line Items]
Net service revenues	$ (0.7)	$ (0.7)	$ (1.7)	$ (1.5)

Revenue - Additional Informat_2

Revenue - Additional Information (Details 1)	Mar. 31, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-04-01
Disaggregation Of Revenue [Line Items]
Remaining performance obligations, percentage	56.00%
Remaining performance obligations, expected satisfaction period	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-04-01
Disaggregation Of Revenue [Line Items]
Remaining performance obligations, percentage	44.00%
Remaining performance obligations, expected satisfaction period	12 months

Revenue - Schedule of Changes i

Revenue - Schedule of Changes in Deferred Revenue (Details) $ in Millions	6 Months Ended
	Mar. 31, 2020USD ($)
Revenue From Contract With Customer [Abstract]
Balance, October 1, 2019	$ 49.1
Recognition of revenue	(446.9)
Deferral of revenue	483.9
Balance, March 31, 2020	$ 86.1

Accounts Receivable - Additiona

Accounts Receivable - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Receivables [Abstract]
Accounts receivable	$ 334	$ 333.7
Allowance for doubtful accounts	6	5
Amounts of retention on incomplete project	$ 43.9	$ 43.2

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Inventory Disclosure [Abstract]
Finished products	$ 5.3	$ 6.8
Semi-finished products	12.6	11
Raw materials and supplies	12.1	8.7
Inventories	$ 30	$ 26.5

Property and Equipment, net - S

Property and Equipment, net - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2020	Sep. 30, 2019
Property Plant And Equipment [Line Items]
Property and equipment	$ 631.7	$ 602
Less: Accumulated depreciation	353.4	329.6
Property and equipment, net	278.3	272.4
Land
Property Plant And Equipment [Line Items]
Property and equipment	54.5	54.1
Building and Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment	42.2	40.1
Operating Equipment
Property Plant And Equipment [Line Items]
Property and equipment	204.3	199.8
Transportation Vehicles
Property Plant And Equipment [Line Items]
Property and equipment	259.1	236.5
Office Equipment and Software
Property Plant And Equipment [Line Items]
Property and equipment	62.4	63.3
Construction in Progress
Property Plant And Equipment [Line Items]
Property and equipment	$ 9.2	$ 8.2
Minimum | Building and Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	2 years
Minimum | Operating Equipment
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	2 years
Minimum | Transportation Vehicles
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	3 years
Minimum | Office Equipment and Software
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	3 years
Maximum | Building and Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	40 years
Maximum | Operating Equipment
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	7 years
Maximum | Transportation Vehicles
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	7 years
Maximum | Office Equipment and Software
Property Plant And Equipment [Line Items]
Property and equipment, Useful Life	10 years

Property and Equipment, net - A

Property and Equipment, net - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Property Plant And Equipment [Abstract]
Depreciation expense related to property and equipment	$ 19.3	$ 21.7	$ 39.5	$ 41

Intangible Assets, Goodwill a_3

Intangible Assets, Goodwill and Acquisitions - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020USD ($)Company	Mar. 31, 2019USD ($)	Mar. 31, 2020USD ($)Company	Mar. 31, 2019USD ($)
Finite Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 13.6	$ 13.8	$ 27.1	$ 28.9
Acquisition of operations, Percentage	100.00%		100.00%
Number of unrelated maintenance services companies acquired | Company	5		5
Consideration paid, net of cash acquired			$ 87.1	$ 49.3
Customer Relationships and Non-compete Agreements
Finite Lived Intangible Assets [Line Items]
Identifiable assets acquired related to intangible assets	$ 17.3		$ 17.3

Intangible Assets, Goodwill a_4

Intangible Assets, Goodwill and Acquisitions - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	6 Months Ended
	Mar. 31, 2020	Sep. 30, 2019
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 664.4	$ 647.1
Accumulated Amortization	(422.7)	(395.6)
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	656.9	639.6
Accumulated Amortization	$ (420)	(393.3)
Customer Relationships | Minimum
Finite Lived Intangible Assets [Line Items]
Useful Life	6 years
Customer Relationships | Maximum
Finite Lived Intangible Assets [Line Items]
Useful Life	21 years
Trademarks
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 4.8	4.8
Accumulated Amortization	$ (1.8)	(1.7)
Trademarks | Minimum
Finite Lived Intangible Assets [Line Items]
Useful Life	4 years
Trademarks | Maximum
Finite Lived Intangible Assets [Line Items]
Useful Life	12 years
Noncompete Agreements
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2.7	2.7
Accumulated Amortization	$ (0.9)	$ (0.6)
Noncompete Agreements | Minimum
Finite Lived Intangible Assets [Line Items]
Useful Life	5 years

Intangible Assets, Goodwill a_5

Intangible Assets, Goodwill and Acquisitions - Summary of Goodwill (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Mar. 31, 2020	Sep. 30, 2019
Goodwill [Line Items]
Beginning balance	$ 1,810.4	$ 1,766.8
Acquisitions	68.5	43.6
Ending balance	1,878.9	1,810.4
Maintenance Services
Goodwill [Line Items]
Beginning balance	1,616	1,572.4
Acquisitions	68.5	43.6
Ending balance	1,684.5	1,616
Development Services
Goodwill [Line Items]
Beginning balance	194.4	194.4
Ending balance	$ 194.4	$ 194.4

Long-Term Debt - Schedule of Lo

Long-Term Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Debt Instrument [Line Items]
Financing costs, net	$ (15.5)	$ (17.1)
Total debt, net	1,231.2	1,144.6
Less: Current portion of long-term debt	10.4	10.4
Long-term debt, net	1,220.8	1,134.2
Series B Term Loan
Debt Instrument [Line Items]
Debt instruments net of original issue discount	1,016.7	1,021.7
Revolving Credit Facility
Debt Instrument [Line Items]
Debt instruments net of original issue discount	60
Receivables Financing Agreement
Debt Instrument [Line Items]
Debt instruments net of original issue discount	$ 170	$ 140

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Details) - USD ($)	Feb. 21, 2019	Aug. 15, 2018	Apr. 28, 2017	Dec. 18, 2013	Mar. 31, 2020	Mar. 31, 2019	Sep. 30, 2019
Debt Instrument [Line Items]
Debt repayments					$ 5,200,000	$ 7,800,000
Debt borrowings during the period					70,000,000	10,000,000
Debt voluntary repayment					10,000,000	10,000,000
Level 2 Inputs
Debt Instrument [Line Items]
Long-term debt, fair value					1,132,800,000		$ 1,166,600,000
Receivables Financing Agreement | Wholly-owned Subsidiary
Debt Instrument [Line Items]
Credit agreement, maximum borrowing capacity	$ 200,000,000		$ 175,000,000
Debt instrument, maturity date	Feb. 20, 2022		Apr. 27, 2020
Debt borrowings during the period					80,000,000	85,000,000
Debt voluntary repayment					50,000,000	$ 75,000,000
Credit Agreement | First Lien Credit Facility Term Loans
Debt Instrument [Line Items]
Credit agreement date				Dec. 18, 2013
Debt instrument, term				7 years
Credit agreement, maximum borrowing capacity				$ 1,460,000,000
Credit Agreement | First Lien Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, term				5 years
Credit agreement, maximum borrowing capacity				$ 210,000,000
Amended Credit Agreement | First Lien Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, term		5 years
Credit agreement, maximum borrowing capacity		$ 260,000,000
Amended Credit Agreement | Series B Term Loan
Debt Instrument [Line Items]
Debt instrument, term		7 years
Credit agreement, maximum borrowing capacity		$ 1,037,000,000
Debt instrument, original discount		$ 2,800,000
Debt instrument, basis spread on variable rate		2.50%
Debt repayments					5,200,000
Revolving Credit Facility | First Lien Revolving Credit Facility
Debt Instrument [Line Items]
Credit agreement, maximum borrowing capacity					210,000,000
Line of credit facility, amount outstanding balance					60,000,000		$ 0
Revolving Credit Facility | First Lien Revolving Credit Facility
Debt Instrument [Line Items]
Credit agreement, maximum borrowing capacity		$ 260,000,000
Debt repayments					10,000,000
Debt instrument, maturity date		Aug. 15, 2023
Debt borrowings during the period					$ 70,000,000
Revolving Credit Facility | First Lien Revolving Credit Facility | LIBOR | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.00%
Revolving Credit Facility | First Lien Revolving Credit Facility | LIBOR | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.50%

Long-Term Debt - Scheduled Matu

Long-Term Debt - Scheduled Maturities of Long-Term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Debt Disclosure [Abstract]
2021	$ 10.4
2022	180.4
2023	10.4
2024	70.4
2025 and thereafter	977.2
Total long-term debt	1,248.8
Less: Current maturities	10.4	$ 10.4
Less: Original issue discount	2.1
Less: Financing costs	15.5
Long-term debt, net	$ 1,220.8	$ 1,134.2

Fair Value Measurements and D_3

Fair Value Measurements and Derivatives Instruments - Additional Information (Details)	6 Months Ended
	Mar. 31, 2020USD ($)Fuel	Sep. 30, 2019USD ($)
Interest Rate Contracts
Derivative [Line Items]
Notional amount	$ 980,000,000	$ 1,000,000,000
Interest Rate Swaps
Derivative [Line Items]
Net deferred losses on interest rate swap net of taxes expected to be recognized over the next 12 months	12,900,000
Fuel Swap Contracts
Derivative [Line Items]
Notional amount	11,000,000
Net deferred losses on interest rate swap net of taxes expected to be recognized over the next 12 months	$ 3,800,000
Number of outstanding fuel contracts | Fuel	4
Maximum
Derivative [Line Items]
Percentage of participants compensation deferred	70.00%

Fair Value Measurements and D_4

Fair Value Measurements and Derivatives Instruments - Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Recurring - USD ($) $ in Millions	Mar. 31, 2020	Sep. 30, 2019
Carrying Value | Other Assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	$ 9.3	$ 11.1
Carrying Value | Accrued Expenses and Other Current Liabilities | Interest Rate Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	14.3	6.3
Carrying Value | Accrued Expenses and Other Current Liabilities | Fuel hedges
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	4.3
Carrying Value | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	32.5	28.3
Carrying Value | Other Liabilities | Interest Rate Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities		10.9
Investment Held by Rabbi Trust | Carrying Value | Other Assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	9.3	11.1
Investment Held by Rabbi Trust | Carrying Value | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	9.3	11.1
Investment Held by Rabbi Trust | Carrying Value | Other Liabilities | Interest Rate Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	3.7
Investment Held by Rabbi Trust | Carrying Value | Other Liabilities | Fuel hedges
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	0.9
Level 1 | Other Assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	9.3	11.1
Level 1 | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	9.3	11.1
Level 1 | Investment Held by Rabbi Trust | Other Assets
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total assets	9.3	11.1
Level 1 | Investment Held by Rabbi Trust | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	9.3	11.1
Level 2 Inputs | Accrued Expenses and Other Current Liabilities | Interest Rate Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	14.3	6.3
Level 2 Inputs | Accrued Expenses and Other Current Liabilities | Fuel hedges
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	4.3
Level 2 Inputs | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	23.2	17.2
Level 2 Inputs | Other Liabilities | Interest Rate Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities		$ 10.9
Level 2 Inputs | Investment Held by Rabbi Trust | Other Liabilities | Interest Rate Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	3.7
Level 2 Inputs | Investment Held by Rabbi Trust | Other Liabilities | Fuel hedges
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total liabilities	$ 0.9

Fair Value Measurements and D_5

Fair Value Measurements and Derivatives Instruments - Summary of Effects on Consolidated Financial Statements of Designated As Cash Flow Hedges (Details) - Cash Flow Hedges - Designated - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Interest Rate Swaps
Derivative Instruments Gain Loss [Line Items]
(Loss) income recognized in Other comprehensive income (loss)	$ (8.1)	$ (1.9)	$ (7.9)	$ (6.1)
Interest Rate Swaps | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Net (loss) income reclassified from Accumulated other comprehensive loss into Interest expense	(3.8)	(2.6)	(6.8)	(3.4)
Fuel Swap Contracts
Derivative Instruments Gain Loss [Line Items]
(Loss) income recognized in Other comprehensive income (loss)	(5.5)	$ 0.9	(5.5)	$ 0.9
Fuel Swap Contracts | Interest Expense
Derivative Instruments Gain Loss [Line Items]
Net (loss) income reclassified from Accumulated other comprehensive loss into Interest expense	$ (0.1)		$ 0.2

Income Taxes- Summary of Income

Income Taxes- Summary of Income Tax Benefit and Effective Income Tax Rate (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
(Loss) before income taxes	$ (27.2)	$ (4.9)	$ (44.7)	$ (16.9)
Income tax (benefit)	$ (6.7)	$ (1.3)	$ (11.6)	$ (4.5)
Effective income tax rate	24.60%	26.50%	26.00%	26.60%

Leases - Additional Information

Leases - Additional Information (Details)	6 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Remaining lease terms	13 years
Lease renewal option term	one or more exercisable renewal periods and specified increases in lease payments upon exercise of the renewal options.

Leases - Summary of Lease-Relat

Leases - Summary of Lease-Related Assets and Liabilities (Details) $ in Millions	Mar. 31, 2020USD ($)
Operating leases:
Right-of-use asset	$ 66.7
Current portion of lease liabilities	21.4
Lease liabilities	50.6
Total operating lease liabilities	72
Finance leases:
Right-of-use asset	12.9
Current portion of lease liabilities	6.6
Lease liabilities	1.1
Total finance lease liabilities	$ 7.7

Leases - Summary of Weighted-av

Leases - Summary of Weighted-average Remaining Lease Terms and Incremental Borrowing Rates (Details)	Mar. 31, 2020
Operating leases:
Weighted-average remaining lease term (years)	5 years 4 months 24 days
Weighted-average incremental borrowing rate	3.10%
Finance leases:
Weighted-average remaining lease term (years)	1 year 9 months 18 days
Weighted-average incremental borrowing rate	3.20%

Leases - Summary of Components

Leases - Summary of Components of Lease Cost for Operating and Finance Leases (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2020
Leases [Abstract]
Operating lease cost	$ 7.1	$ 14.4
Finance lease cost:
Amortization of right-of-use asset	1.3	2.4
Interest on lease liabilities		0.1
Total finance lease cost	1.3	2.5
Short-term lease cost	7.7	14
Variable lease costs not included in lease liability	0.6	0.8
Sublease income	(0.1)	(0.3)
Total lease cost	$ 16.6	$ 31.4

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Mar. 31, 2020	Mar. 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ (6.4)	$ (13)
Operating cash flows from finance leases		(0.1)
Repayments of finance lease obligations	(1.7)	(3.2)	$ (2.8)
Non-cash items:
New finance leases	$ 3.2	$ 3.2

Leases - Summary of Maturities

Leases - Summary of Maturities of Operating and Finance Lease Liabilities (Details) $ in Millions	Mar. 31, 2020USD ($)
Operating Lease Liability, Payment Due [Abstract]
2020	$ 18.6
2021	20.7
2022	15.4
2023	10.3
2024	7.2
Thereafter	16.6
Total	88.8
Total net lease payments	88.8
Less: Amounts representing interest	(16.8)
Total operating lease liabilities	72
Less: Current portion of lease liabilities	(21.4)
Non-current lease liabilities	50.6
Finance Lease Liability, Payment Due [Abstract]
2020	5.1
2021	2.6
2022	0.8
2023	0.1
Total	8.6
Total net lease payments	8.6
Less: Amounts representing interest	(0.9)
Total finance lease liabilities	7.7
Less: Current portion of lease liabilities	(6.6)
Non-current lease liabilities	$ 1.1

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Non-cancelable operating Lease Payments (Details) $ in Millions	Sep. 30, 2019USD ($)
Leases [Abstract]
2020	$ 21.7
2021	17
2022	13.2
2023	10.3
2024 and thereafter	22.8
Total	$ 85

Leases - Summary of Future Mi_2

Leases - Summary of Future Minimum Lease Payments Under Capital Lease Obligations (Details) $ in Millions	Sep. 30, 2019USD ($)
Future minimum lease payments:
2020	$ 5.6
2021	3.2
2022	0.7
2023	0.2
Total	9.7
Less: Executory costs	(0.1)
Net minimum lease payments	9.6
Less: Amount representing interest	(1.1)
Present value of net minimum lease payments	8.5
Less: Current portion	(5.4)
Long-term portion of finance lease obligations	$ 3.1

Equity-Based Compensation - Add

Equity-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	Nov. 22, 2019	Nov. 14, 2019	Dec. 31, 2019	Mar. 31, 2020	Oct. 22, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options issued to holders of units, weighted average exercise price	$ 16.89
Stock options weighted average grant date fair value	$ 8.06
Non-cash equity-based compensation expense over the requisite service period	$ 6.6
Unamortized value of outstanding stock-based compensation				$ 45
Unamortized value of outstanding stock-based compensation, weighted average remaining life				2 years 1 month 6 days
ESPP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock shares available for sale					1,100,000
Common stock shares issued		172,000
Nonforfeitable Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issued shares of common stock	194,000
Weighted average exercise price	$ 16.89
Vesting period	2 years
Vesting terms				first anniversary of the grant date
Non-cash equity-based compensation expense over the requisite service period			$ 3.3
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Issued shares of common stock	454,000
Weighted average exercise price	$ 16.89
Vesting period	4 years
Non-cash equity-based compensation expense over the requisite service period	$ 6.8
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	4 years
Stock options issued to holders of units	953,000

Equity-Based Compensation - Sch

Equity-Based Compensation - Schedule of Total Equity-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Total equity-based compensation expense recognized	$ 4.9	$ 5.6	$ 13.1	$ 11.5

Commitment and Contingencies -

Commitment and Contingencies - Additional Information (Details) $ in Millions	1 Months Ended
	Apr. 30, 2019Complaint	Mar. 31, 2020USD ($)	Sep. 30, 2019USD ($)
Commitments And Contingencies [Line Items]
Reserve for unpaid and incurred but not reported claims, amount		$ 133.4	$ 124.5
Reserve for unpaid and incurred but not reported claims, classified in current liabilities		45.6	37.4
Reserve for unpaid and incurred but not reported claims, classified in non-current liabilities		87.8	87.1
Claims recoverable from third party insurance carriers		38.7	32.1
Number of purported class action complaints | Complaint	2
Other Current Assets
Commitments And Contingencies [Line Items]
Claims recoverable from third party insurance carriers		8.1	6.1
Other Assets
Commitments And Contingencies [Line Items]
Claims recoverable from third party insurance carriers		$ 30.6	$ 26

Segments - Additional Informati

Segments - Additional Information (Details)	6 Months Ended
	Mar. 31, 2020segment
Segment Reporting [Abstract]
Number of operating segments	2

Segments - Summary of Certain F

Segments - Summary of Certain Financial Data For Each of Segments (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Net service revenues		$ 559.1	$ 596.6	$ 1,129.8	$ 1,122.7
Adjusted EBITDA	[1]	38.9	61.1	90.5	111.2
Capital expenditures		20.6	25.3	35.1	42.6
Net (loss)		(20.5)	(3.6)	(33.1)	(12.4)
Interest expense		17.1	18.9	34.5	36.1
Income tax (benefit)		(6.7)	(1.3)	(11.6)	(4.5)
Depreciation expense		19.3	21.7	39.5	41
Amortization expense		13.6	13.8	27.1	28.9
Establish public company financial reporting compliance	[2]		1.3	0.9	1.7
Business transformation and integration costs	[3]	8.9	4.7	17.3	8.9
Offering-related expenses	[4]	1.2		1.5
Equity-based compensation	[5]	4.9	5.6	13.3	11.5
COVID-19 related expenses	[6]	1.1		1.1
Corporate
Segment Reporting Information [Line Items]
Adjusted EBITDA	[1]	(16)	(14.9)	(31.2)	(30.6)
Capital expenditures		0.4	2.9	1.1	5.9
Operating Segments | Maintenance Services
Segment Reporting Information [Line Items]
Net service revenues		416.2	473.3	835.1	865.8
Adjusted EBITDA	[1]	41.2	65	88.9	113.7
Capital expenditures		14.3	18.9	26.1	30
Operating Segments | Development Services
Segment Reporting Information [Line Items]
Net service revenues		143.6	124	296.4	258.4
Adjusted EBITDA	[1]	13.7	11	32.8	28.1
Capital expenditures		5.9	3.5	7.9	6.7
Eliminations
Segment Reporting Information [Line Items]
Net service revenues		$ (0.7)	$ (0.7)	$ (1.7)	$ (1.5)
[1]	Presented below is a reconciliation of Net (loss) to Adjusted EBITDA:
[2]	Represents costs incurred to establish public company financial reporting compliance, including costs to comply with the requirements of Sarbanes-Oxley and the accelerated adoption of the revenue recognition standard (ASC 606 – Revenue from Contracts with Customers) and other miscellaneous costs.
[3]	Business transformation and integration costs consist of (i) severance and related costs; (ii) rebranding of vehicle fleet; (iii) business integration costs and (iv) information technology infrastructure, transformation costs, and other.
[4]	Represents expenses incurred for IPO related litigation and subsequent registration statements. No related expenses were incurred during the three months or six months ended March 31, 2019.
[5]	Represents equity-based compensation expense and related taxes recognized for equity incentive plans outstanding, including $1.9 and $3.9 million of equity based compensation expense related to the IPO in the three and six months ended March 31, 2020, respectively. Represents expenses related to the Company’s response to the COVID-19 pandemic, primarily for purchases of additional supplies.
[6]	Represents expenses related to the Company’s response to the COVID-19 pandemic, primarily for purchases of additional supplies.

Segments - Summary of Certain_2

Segments - Summary of Certain Financial Data For Each of Segments ( Paranthetical) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Equity-based compensation expense	$ 4.9	$ 5.6	$ 13.1	$ 11.5
IPO
Segment Reporting Information [Line Items]
Equity-based compensation expense	$ 1.9		$ 3.9

Earnings (Loss) Per Share of _3

Earnings (Loss) Per Share of Common Stock - Reconciliation of Numerator and Denominator for Basic and Diluted Earnings (loss) Per Share Calculation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net (loss)	$ (20.5)	$ (3.6)	$ (33.1)	$ (12.4)
Weighted average number of common shares outstanding – basic and diluted	103,651,000	102,785,000	103,478,000	102,643,000
Basic and diluted (loss) per share	$ (0.20)	$ (0.04)	$ (0.32)	$ (0.12)
Weighted average number of anti-dilutive options and restricted stock	8,453,000	4,845,000	8,030,000	5,102,000