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Acquisitions (Tables)
6 Months Ended
Jun. 28, 2014
Reznor [Member]
 
Business Acquisition [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following is a summary of the preliminary estimates of the fair value of the assets acquired and liabilities assumed (amounts in millions):

 
 
Current assets (1)
$
46.6

Property and equipment, net
20.8

Goodwill
110.6

Intangible assets
117.1

Current liabilities (2)
(19.5
)
Deferred income taxes
(13.0
)
Other long-term liabilities
(0.7
)
Estimated purchase price
$
261.9

 
(1)
Includes cash of approximately $7.0 million, accounts receivable of approximately $17.2 million, inventories of approximately $20.5 million, prepaid and other current assets of approximately $1.0 million, and current deferred taxes of approximately $0.9 million. Inventories include a fair value adjustment to the historical carrying value of approximately $1.8 million, of which approximately $1.5 million increased cost of products sold for the second quarter of 2014.
(2)
Includes accounts payable of approximately $12.3 million and accrued expenses and taxes of approximately $7.2 million.

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
 
$
58.2

 
10.5
Completed Technology
 
20.5

 
7.0
Trademarks
 
38.4

 
20.0
 
 
$
117.1

 
11.3
Business Acquisition, Pro Forma Information
The unaudited pro forma net sales, operating earnings (loss), net loss, basic and diluted loss per share, and depreciation and amortization expense for the Company as a result of the acquisition of Reznor for the periods presented were as follows:

 
 
Year Ended
 
First half of
 
 
Dec. 31, 2013
 
2014
 
2013
 
 
(Dollar amounts in millions)
Net sales
 
$
2,447.1

 
$
1,318.5

 
$
1,221.6

Operating earnings (loss)
 
100.9

 
(7.5
)
 
48.0

Net loss
 
(4.5
)
 
(47.4
)
 
(4.1
)
Basic loss per share
 
(0.29
)
 
(3.05
)
 
(0.27
)
Diluted loss per share
 
(0.29
)
 
(3.05
)
 
(0.27
)
Depreciation & amortization expense
 
111.1

 
53.9

 
55.7

Impairment of long-lived assets and goodwill
 

 
80.4

 

2GIG Technologies, Inc. [Member]
 
Business Acquisition [Line Items]  
Business Acquisition, Pro Forma Information
The unaudited pro forma net sales, operating earnings, net loss, basic and diluted loss per share, and depreciation and amortization expense for the Company as a result of the acquisition of 2GIG for the first quarter of 2013 were as follows (dollar amounts in millions):

Net sales
 
$
551.1

Operating earnings
 
9.0

Net loss
 
(12.7
)
Basic loss per share
 
(0.83
)
Diluted loss per share
 
(0.83
)
Depreciation & amortization expense
 
26.1