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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2021
Business Acquisition [Line Items]  
Schedule of Business Acquisitions

The following table summarizes aggregate unaudited pro forma information assuming the acquisitions of Arktura, Moz and Turf had occurred on January 1, 2020. 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. In addition, the unaudited pro forma results do not include any expected benefits of the acquisitions or adjustments to as reported changes in the fair value of the contingent consideration.  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, 2020.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net sales from continuing operations, pro forma

 

$

280.0

 

 

$

221.5

 

 

$

532.6

 

 

$

485.2

 

Net sales from continuing operations, as reported

 

 

280.0

 

 

 

203.2

 

 

 

531.9

 

 

 

451.9

 

Net earnings (loss) from continuing operations before income taxes, pro forma

 

 

79.6

 

 

 

56.1

 

 

 

135.4

 

 

 

(252.5

)

Net earnings (loss) from continuing operations before income taxes, as reported

 

 

74.3

 

 

 

60.9

 

 

 

124.0

 

 

 

(239.2

)

 

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