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Business Combinations (Tables)
3 Months Ended
Mar. 31, 2017
Business Combinations  
Summary of the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed

 

 

 

 

 

 

 

 

 

 

March 31,

 

 

    

2017

    

2016

    

Accounts receivable

 

$

6.9

 

$

 —

 

Inventory

 

 

109.5

 

 

0.1

 

Other current assets

 

 

2.5

 

 

 —

 

Property and equipment

 

 

13.2

 

 

0.1

 

Indefinite-lived intangibles

 

 

263.0

 

 

4.6

 

Other non-current assets

 

 

0.1

 

 

 —

 

Current liabilities

 

 

(22.0)

 

 

(4.4)

 

Non-current liabilities

 

 

(2.8)

 

 

 —

 

Total consideration

 

 

370.4

 

 

0.4

 

Consideration transferred through common stock issuance

 

 

(32.4)

 

 

 —

 

Contingent consideration

 

 

(20.0)

 

 

 —

 

Seller financed/assumed debt

 

 

(3.8)

 

 

 —

 

Total cash used in acquisitions

 

$

314.2

 

$

0.4

 

 

Summary of unaudited consolidated pro forma results of operations

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

2017

    

2016

    

Revenues

    

$

5,150.5

 

$

5,246.9

 

Income from continuing operations

 

 

84.3

 

 

85.2

 

Net income

 

 

83.8

 

 

85.2

 

Income from continuing operations per diluted common share

 

$

0.98

 

$

0.97

 

Net income per diluted common share

 

$

0.98

 

$

0.96