XML 34 R23.htm IDEA: XBRL DOCUMENT v3.3.0.814
BUSINESS COMBINATION (Details)
$ / shares in Units, $ in Millions
May. 29, 2015
USD ($)
item
$ / shares
Sep. 30, 2015
USD ($)
Dec. 31, 2014
USD ($)
Assets acquired and liabilities assumed      
Multi-employer withdrawal liabilities   $ (56.9)  
Goodwill   248.3 $ 27.4
Horizon      
Business acquisition      
Number of Jones Act qualified containerships operated in Alaska | item 4    
Business Combination, Ownership Percentage 100.00%    
Price of Warrant (in dollars per share) | $ / shares $ 0.72    
Number of ship acquired | item 7    
Assets acquired and liabilities assumed      
Cash and cash equivalent $ 0.8    
Accounts receivable 31.7    
Other current assets 7.2    
Deferred tax assets, net 38.9    
Property and equipment 170.4    
Intangibles - Customer relationships 140.0    
Other long-term assets 4.1    
Accounts payable (22.8)    
Accruals and other current liabilities (32.1)    
Multi-employer withdrawal liabilities (60.6)    
Capital lease obligations (1.6)    
Horizon's debt and warrants (467.5)    
Total identifiable assets less liabilities (191.5)    
Total cash paid for common shares (29.4)    
Goodwill $ 220.9 220.9  
Horizon | Customer relationships      
Assets acquired and liabilities assumed      
Intangibles - Customer relationships   $ 140.0  
Expected useful lives 21 years    
Horizon | Pasha | Horizon Hawaii Operations      
Business acquisition      
Pasha transaction proceeds $ 141.5    
Horizon | As previously Reported      
Total cash consideration      
Common shares 29.4    
Warrants 37.1    
Horizon's debt (including accrued interest and breakage fees) 428.9    
Total 495.4    
Assets acquired and liabilities assumed      
Cash and cash equivalent 0.8    
Accounts receivable 31.7    
Other current assets 7.1    
Deferred tax assets, net 38.9    
Property and equipment 171.0    
Intangibles - Customer relationships 140.0    
Other long-term assets 5.0    
Accounts payable (23.2)    
Accruals and other current liabilities (32.1)    
Multi-employer withdrawal liabilities (60.6)    
Capital lease obligations (1.4)    
Horizon's debt and warrants (467.5)    
Total identifiable assets less liabilities (190.3)    
Total cash paid for common shares (29.4)    
Goodwill 219.7    
Horizon | Adjustments      
Assets acquired and liabilities assumed      
Other current assets 0.1    
Property and equipment (0.6)    
Other long-term assets (0.9)    
Accounts payable 0.4    
Capital lease obligations (0.2)    
Total identifiable assets less liabilities (1.2)    
Goodwill $ 1.2