Business Combination (Tables)

9 Months Ended

Jun. 30, 2016

Schedule of Business Acquisitions, by Acquisition

The estimated purchase consideration for the Business Combination was as follows:



Cash	$	424.9
Less: cash acquired	(64.3		)
Equity⁽¹⁾	276.7
Founder Shares transferred to Selling Equityholders⁽¹⁾	30.2
Contingent consideration - Fair value of Deferred Cash Consideration	49.6
Contingent consideration - Fair value of TRA	94.9
Total purchase consideration⁽²⁾	$	812.0

⁽¹⁾ See Note 11.

⁽²⁾ In addition to the total purchase consideration above, the Company assumed the outstanding indebtedness of the Predecessor, including related accrued interest through the Closing Date, totaling $774.3 million. The proceeds of the New Credit Facilities were used to repay such indebtedness and accrued interest immediately following the consummation of the Business Combination.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the Company’s preliminary allocation of the purchase consideration to assets acquired and liabilities assumed at the acquisition date:



	Preliminary Purchase Consideration Allocation

Accounts receivable	$	470.0
Inventory	328.5
Other current assets	24.5
Property, plant and equipment	339.5
Customer-related intangible	197.0
Trade name	20.5
Other non-current assets	3.3
Deferred tax assets	1.2
Goodwill	695.6
Total assets acquired	2,080.1

Short-term borrowings and current portion of capital leases	40.6
Accounts payable	338.0
Other current liabilities	52.7
Long-term portion of capital leases	23.0
Long-term debt	767.3
Deferred tax liability	41.3
Other non-current liabilities	5.2
Total liabilities assumed	1,268.1

Net assets acquired	$	812.0

Schedule of unaudited consolidated pro forma financial information

The consolidated pro forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the Business Combination been completed on October 1, 2014.



	Three Months Ended June 30, 2016		Nine Months Ended June 30, 2016		Three Months Ended June 30, 2015		Nine Months Ended June 30, 2015
Sales and operating revenues	$	864.5	$	2,554.4	$	988.8	$	3,019.3
Operating income (loss)	21.4		54.8		24.6		(28.1		)
Net income (loss) from continuing operations	6.6		14.9		13.8		(35.7		)
Net income (loss)	6.6		15.0		13.8		(36.4		)
Basic and diluted net income (loss) per share	0.09		0.19		0.18		(0.47		)