Acquisition (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of purchase price allocation of acquired assets and liabilities assumed

The following table presents the assets acquired and liabilities assumed, based on their preliminary estimated fair values and purchase consideration:



	June 6, 2016
Accounts receivable	$	35.5
Inventory	20.9
Prepaid expenses / other assets	0.5
Property, plant and equipment	10.4
Goodwill	6.3
Intangible assets	17.2
Less : Other current liabilities	2.4
Total consideration	$	88.4

Schedule of estimated fair values of intangible assets acquired

The Company determined the estimated fair values of intangible assets acquired with the assistance of independent valuation consultants. Based on the preliminary valuation, intangible assets received include the following:



	Fair Value in Millions		Useful Life in Years
Customer relationships	$	14.1	10 - 12
Trade names	1.0		1 - 2
Non-competition agreements	2.1		5
Total intangible assets	$	17.2