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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2021
Business Acquisition [Line Items]  
Schedule of Business Acquisitions

The following table summarizes aggregate audited as reported information and aggregate unaudited pro forma information assuming the acquisitions of Arktura, Moz and Turf had occurred on January 1, 2018. The unaudited pro forma results include the depreciation and amortization associated with the acquired assets, compensation expense related to cash payments and equity awards granted to employees of the acquired companies and adjustments to net sales for the purchase accounting effects of recording deferred revenue at fair value. The unaudited pro forma results do not include any expected benefits of the acquisitions, adjustments to as reported changes in the fair value of the contingent consideration or adjustments to the effective tax rate. Accordingly, the unaudited pro forma results are not necessarily indicative of either future results of operations or results that might have been achieved had the acquisitions been consummated as of January 1, 2018.

 

 

 

2020

 

 

2019

 

Net sales from continuing operations, pro forma (unaudited)

 

$

1,009.0

 

 

$

1,099.2

 

Net sales from continuing operations, as reported

 

 

936.9

 

 

 

1,038.1

 

Net (loss) earnings from continuing operations, pro forma (unaudited)

 

 

(69.2

)

 

 

239.3

 

Net (loss) earnings from continuing operations, as reported

 

 

(84.1

)

 

 

242.3

 

Arktura [Member]  
Business Acquisition [Line Items]  
Schedule of Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives The following table summarizes the fair values of identifiable intangible assets acquired, and their estimated useful lives:

 

 

 

Fair Value at Acquisition Date

 

 

Estimated Useful Life

Tradenames

 

$

12.1

 

 

Indefinite

Software

 

 

9.1

 

 

7 years

Backlog

 

 

5.5

 

 

1 year

Customer relationships

 

 

3.6

 

 

1 year

Non-compete agreements

 

 

2.1

 

 

5 years

Patents

 

 

0.6

 

 

13-19 years

Total identifiable intangible assets

 

$

33.0

 

 

 

 

The weighted average amortization period for acquired intangible assets as of the date of acquisition was 4.3 years. Goodwill from the Arktura acquisition relates to many factors, including the technical competencies and capabilities of the acquired workforce in the fields of architecture, design, materials science, technology and software, and our strategic intent to integrate and leverage those competencies and capabilities to advance and expand our portfolio of solutions and offerings. All of the acquired goodwill is deductible for tax purposes.

Arktura Moz And Turf [Member]  
Business Acquisition [Line Items]  
Schedule Of Net Sales And Pre Tax Net Income Loss Of Acquired Companies Included In Consolidated Statements of Operations and Comprehensive Income

The following table presents the net sales and net (loss) earnings from continuing operations before income taxes of Arktura, Moz and Turf included in our Consolidated Statements of Operations and Comprehensive Income since the acquisition dates:

 

 

 

2021

 

 

2020

 

Net sales

 

$

82.2

 

 

$

18.2

 

Net (loss) earnings from continuing operations before income taxes

 

 

(9.6

)

 

 

0.4