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Acquisiton (Tables)
 9 Months Ended
Sep. 30, 2015
Business Combinations [Abstract]  
Schedule of Purchase Consideration and Asset Allocation
The total purchase consideration of approximately $123.3 million consists of the following (in millions except per share amounts):
Cash consideration to be paid to Audience shareholders and equity award holders

$
61.6

Fair value of shares of Knowles common stock issued to Audience shareholders and equity award holders
60.2

Fair value of restricted stock units assumed
1.5

Fair value of total consideration
$
123.3


The table below represents the preliminary allocation of the purchase price to the net assets acquired on their estimated fair values as of July 1, 2015 (in millions):
 
 
Goodwill
$
47.7

Cash
26.5

Identified intangible assets
25.9

Inventories
10.4

Property, plant, and equipment
10.7

Other assets
19.5

Total liabilities and accruals
(17.4
)
   Net Assets Acquired
$
123.3
Selected Unaudited Pro-forma Combined Statement of Earnings

Summary Selected Unaudited Pro-forma Combined Statements of Earnings
(in millions except share and per share amounts)
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Revenues
$
294.6

 
$
323.5

 
$
804.1

 
$
951.4

Net loss
(9.0
)
 
(33.4
)
 
(104.3
)
 
(128.5
)
Basic loss per share
(0.10
)
 
(0.38
)
 
(1.19
)
 
(1.46
)
Diluted loss per share
$
(0.10
)
 
$
(0.38
)
 
$
(1.19
)
 
$
(1.46
)