Acquisitions, License Agreements and Other Investments Tables

3 Months Ended

Mar. 30, 2018

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following amounts represent the preliminary allocations of the fair value of the identifiable assets acquired and liabilities assumed for the Sucampo Acquisition, including preliminary goodwill, intangible assets and the related deferred tax balances. The Company expects to complete its valuation analysis and finalize deferred tax balances as of the acquisition date no later than twelve months from the date of the acquisition. The changes in the purchase price allocation and preliminary goodwill based on the final valuation may include, but are not limited to, finalization of working capital settlements, the impact of U.S. state tax rates in determining the deferred tax balances and changes in assumptions utilized in the preliminary valuation report.




Cash and cash equivalents	$	149.6
Accounts receivable	35.7
Inventory	153.2
Intangible assets	919.5
Goodwill	242.8
Other assets, current and non-current	24.8
Total assets acquired	1,525.6
Current liabilities	107.9
Deferred tax liabilities, net (non-current)	170.1
Total debt	366.3
Other noncurrent liabilities	33.7
Total liabilities assumed	678.0
Net assets acquired	$	847.6

Business Combination, Reconciliation of Total Consideration [Table Text Block]

The following is a reconciliation of the total consideration to net assets acquired:




Total consideration, net of cash	$	698.0
Plus: cash assumed in acquisition	149.6
Total consideration/net assets acquired	$	847.6

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

Intangible assets acquired consist of the following:



	Amount		Amortization Period	Discount Rate
Completed technology - Amitiza	$	634.0	9 years	14.0%
Completed technology - Rescula	11.0		8 years	14.0%
In-process research and development - VTS 270	274.5		Non-Amortizable	15.0%

Business Combination, Earnings by Acquiree Allocation [Table Text Block]

Financial Results - The amount of net sales and loss included in the Company's results for the periods presented were as follows:



	Three Months Ended
	March 30, 2018			March 31, 2017
Net sales	$	24.2		$	—
Operating loss	(30.7		)	—