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Acquisitions (Tables)
6 Months Ended
Jun. 30, 2015
Acquisitions  
Schedule of unaudited combined pro forma financial information

 

 

 

Pro Forma

 

Pro Forma

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

(in millions)

 

2015

 

2014

 

2015

 

2014

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

984.6 

 

$

926.5 

 

$

1,755.1 

 

$

1,644.6 

 

Income from continuing operations

 

102.0 

 

81.8 

 

148.2 

 

117.1 

 

 

Finishing Brands  
Acquisitions  
Summary of consideration transferred and the allocation of the consideration to acquired assets and assumed liabilities

 

 

 

Preliminary
Allocation

 

 

 

As of

 

(in millions)

 

4/1/2015

 

Total cash consideration transferred and payable

 

$

610.6

 

 

 

 

 

 

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

12.2

 

Receivables

 

57.3

 

Inventories

 

40.9

 

Prepaid expenses and other current assets

 

6.4

 

Property, plant, and equipment

 

41.0

 

Definite-lived intangible assets

 

216.0

 

Indefinite-lived intangible assets

 

125.0

 

Deferred income tax assets

 

1.9

 

Other non-current assets

 

3.8

 

Line of credit

 

(1.4

)

Accounts payable

 

(16.3

)

Income tax payable

 

(1.9

)

Accrued expenses

 

(15.6

)

Deferred income tax liabilities

 

(28.8

)

Other non-current liabilities

 

(5.6

)

 

 

 

 

 

 

 

 

Total identifiable net assets

 

434.9

 

 

 

 

 

 

 

 

 

Goodwill

 

$

175.7

 

 

 

 

 

 

 

LHi Technology  
Acquisitions  
Summary of consideration transferred and the allocation of the consideration to acquired assets and assumed liabilities

 

 

 

Preliminary
Allocation

 

Measurement
Period
Adjustments

 

Preliminary
Allocation

 

 

 

As of

 

Six Months Ended

 

As of

 

(in millions)

 

10/1/2014

 

6/30/2015

 

6/30/2015

 

Total cash consideration transferred

 

$

200.7

 

$

 

$

200.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recognized amounts of identifiable assets acquired and liabilities assumed:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

6.7

 

$

 

$

6.7

 

Receivables

 

26.9

 

 

26.9

 

Inventories

 

17.1

 

 

17.1

 

Prepaid expenses and other current assets

 

2.9

 

 

2.9

 

Property, plant, and equipment

 

4.5

 

 

4.5

 

Definite-lived intangible assets

 

74.5

 

 

74.5

 

Indefinite-lived intangible assets

 

6.0

 

 

6.0

 

Other non-current assets

 

8.8

 

 

8.8

 

Accounts payable

 

(16.9

)

 

(16.9

)

Income tax payable

 

(0.3

)

 

(0.3

)

Accrued expenses

 

(4.9

)

(0.3

)

(5.2

)

Net deferred tax liabilities

 

(16.2

)

 

(16.2

)

Other non-current liabilities

 

(20.1

)

 

(20.1

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total identifiable net assets

 

89.0

 

(0.3

)

88.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

111.7

 

$

0.3

 

$

112.0