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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2015
Business Combinations [Abstract]  
Schedule of business acquisition
The following table presents the components and allocation of the purchase price and the weighted average life of acquired amortizable intangible assets for the Acquisitions in the aggregate (in millions, except as indicated):
 
Six Months Ended
June 30, 2015
Components of purchase price:
 
Cash paid, net of cash acquired
$
44.6

Estimated fair value of contingent consideration
13.4

Deferred purchase price, net of (settlements)
(2.4
)
Purchase price
$
55.6

Allocation of purchase price:
 
Net tangible assets
$
5.5

Identifiable intangible assets
16.9

Goodwill
33.2

Purchase price
$
55.6

 
 
Weighted average life of acquired amortizable intangible assets
9.7 years

Schedule of unaudited supplemental pro forma financial information
The following table presents unaudited supplemental pro forma financial information as if the Acquisitions, excluding the disposed business, had occurred as of January 1, 2014 (in millions, except per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Net sales
$
1,082.5

 
$
1,122.2

 
$
2,116.6

 
$
2,202.1

Net income
18.4

 
17.8

 
90.3

 
36.3

Earnings per share:
 
 
 
 
 
 
 
Basic
0.14

 
52.00

 
0.69

 
113.00

Diluted
0.14

 
52.00

 
0.68

 
113.00

These results do not purport to be indicative of our results of operations which actually would have resulted had the Acquisitions, excluding the disposed business, occurred on January 1, 2014, or of our future results of operations.