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ACQUISITIONS AND OTHER INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2013
Business Combinations [Abstract]  
Schedule of Business Acquisitions, by Acquisition
The following is a summary of the assets acquired and liabilities assumed (amounts in millions):

 
 
Current assets (1)
$
63.9

Property and equipment, net
2.6

Goodwill
65.1

Intangible assets
84.0

Other assets
0.1

Accounts payable and accrued expenses
(20.2
)
Deferred income taxes
(31.3
)
Purchase price
$
164.2

 
(1)
Includes cash of approximately $3.4 million, accounts receivable of approximately $42.6 million, inventories of approximately $14.3 million, prepaid and other current assets of approximately $1.9 million, and current deferred income taxes of approximately $1.7 million. Inventories include a fair value adjustment to the historical carrying value of approximately $3.1 million, which increased cost of products sold for 2013.
Schedule of Finite-Lived Intangible Assets Acquired
The following is a summary of the estimated fair values and weighted average useful lives by intangible asset class (amounts in millions, except for weighted average useful lives):
 
 
 
Fair Value
 
Weighted Average Useful Lives
Customer relationships
 
$
73.1

 
10.0
Completed technology
 
6.1

 
7.0
Trademarks
 
4.8

 
10.0
 
 
$
84.0

 
9.7
Business Acquisition, Pro Forma Information
The unaudited pro forma net sales, operating earnings, net earnings, basic and diluted earnings per share, and depreciation and amortization expense for the Company as a result of the acquisition of 2GIG for the periods presented were as follows:

 
 
Year Ended December 31,
 
 
2013
 
2012
 
 
(Dollar amounts in millions)
Net sales
 
$
2,319.9

 
$
2,247.3

Operating earnings
 
99.5

 
122.9

Net (loss) earnings
 
(1.5
)
 
5.3

Basic (loss) earnings per share
 
(0.10
)
 
0.35

Diluted (loss) earnings per share
 
(0.10
)
 
0.34

Depreciation & amortization expense
 
94.8

 
96.0