XML 49 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Schedule of Preliminary Fair Value of Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary fair values of the Latchways assets acquired and liabilities assumed at the date of acquisition:
(In millions)
October 21, 2015
Current assets (including cash of $10.6 million)
$
35.7

Property, plant and equipment
9.5

Trade name and acquired technology
14.6

Customer-related intangibles
53.0

Goodwill
98.0

Total assets acquired
210.8

Total liabilities assumed
19.9

Net assets acquired
$
190.9

Schedule of Pro Forma Financial Information
Pro forma financial information (Unaudited)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(In millions, except per share amounts)
2016
2015
 
2016
2015
Net sales
$
296.0

$
297.8

 
$
575.3

$
568.3

Income from continuing operations
29.3

24.2

 
42.0

35.7

Basic earnings per share from continuing operations
0.78

0.65

 
1.12

0.96

Diluted earnings per share from continuing operations
0.77

0.64

 
1.11

0.94