ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2014

Business Acquisition [Line Items]

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As ofDecember 31, 2014, the estimated future intangible asset amortization expense aggregated approximately $642.6 million as follows:

Year Ended December 31,	Annual Amortization Expense
	(Dollar amounts in millions)
2015	$	59.7
2016	56.0
2017	55.7
2018	55.4
2019	55.4
2020 and thereafter	360.4

Reznor [Member]

Business Acquisition [Line Items]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following is a summary of the accounting for the fair value of the assets acquired and liabilities assumed (dollar amounts in millions):

Current assets (1)	$	47.3
Property and equipment	17.0
Goodwill	103.7
Intangible assets	124.3
Other assets	0.4
Current liabilities (2)	(18.8		)
Deferred income taxes	(9.7		)
Other long-term liabilities	(1.6		)
	$	262.6

(1) Includes cash of approximately $7.0 million, accounts receivable of approximately $17.5 million, inventories of approximately $20.5 million, prepaid and other current assets of approximately $1.4 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, which increased cost of products sold for 2014.

(2) Includes accounts payable of approximately $12.3 million and accrued expenses and taxes of approximately $6.5 million.

The Company has determined that all of the intangible assets are subject to amortization and that they will have no residual value at the end of the amortization periods. The following is a summary of the estimated fair values and weighted average useful lives by intangible asset class (dollar amounts in millions):

	Fair Value		Weighted Average Useful Lives
Customer relationships	$	64.2	11.1
Completed Technology	20.4		5.0
Trademarks	39.7		20.0
	$	124.3	12.9

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated future intangible asset amortization expense related to these acquired intangible assets is expected to aggregate approximately $116.2 million as follows:

Year Ended December 31,	Annual Amortization Expense
	(Dollar amounts in millions)
2015	$	12.1
2016	12.1
2017	12.1
2018	12.1
2019	9.4
2020 and thereafter	58.4

Schedule of 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 Reznor for the periods presented were as follows:

	Year Ended
	2014			2013
	(Dollar amounts in millions, except per share data)
Net sales	$	2,598.2		$	2,447.1
Operating earnings	55.7			98.8
Net loss	(37.6		)	(6.0		)
Basic loss per share	(2.40		)	(0.39		)
Diluted loss per share	(2.40		)	(0.39		)
Depreciation & amortization expense	108.9			112.8

2GIG [Member]

Business Acquisition [Line Items]

Schedule of 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 2013 were as follows (dollar amounts in millions):

Net sales	$	2,319.9
Operating earnings	99.5
Net loss	(1.5		)
Basic loss per share	(0.10		)
Diluted loss per share	(0.10		)
Depreciation & amortization expense	94.8