Acquisitions

6 Months Ended

Jun. 30, 2016

Business Combinations [Abstract]

Acquisitions

Acquisitions

On December 11, 2013, the Company completed the acquisition of MEI Conlux Holdings (U.S.), Inc. and its affiliate MEI Conlux Holdings (Japan), Inc. (together, "MEI"), a leading provider of payment solutions for unattended transaction systems, serving customers in the transportation, gaming, retail, financial services and vending markets. The purchase price was $804 million for all of the outstanding equity interests of MEI. MEI has been integrated into the Company's Crane Payment Innovations ("CPI") business within its Payment & Merchandising Technologies segment.

Acquisition-Related Costs

Acquisition-related costs are expensed as incurred. For the three months ended June 30, 2015, the Company recorded $1.8 million of acquisition integration related charges. For the six months ended June 30, 2015, the Company recorded $3.4 million of acquisition integration related charges and $0.2 million of restructuring costs. See additional discussion in Note 14.