XML 52 R61.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions - Purchase Price Allocation (Details) (USD $)
12 Months Ended 2 Months Ended 10 Months Ended 12 Months Ended 3 Months Ended 10 Months Ended 3 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Feb. 23, 2012
Business Acquisition, Arminak & Associates [Member]
Dec. 31, 2012
Business Acquisition, Arminak & Associates [Member]
Dec. 31, 2013
Business Acquisition, Arminak & Associates [Member]
Mar. 31, 2012
Business Acquisition, Arminak & Associates [Member]
Trademarks and Trade Names [Member]
Mar. 31, 2012
Business Acquisition, Arminak & Associates [Member]
Customer Relationships [Member]
Dec. 31, 2012
Business Acquisition, Arminak & Associates [Member]
Customer Relationships [Member]
Mar. 31, 2012
Business Acquisition, Arminak & Associates [Member]
Technology and Other [Member]
Dec. 31, 2012
Business Acquisition, Arminak & Associates [Member]
Technology and Other [Member]
Dec. 31, 2013
Series of Individually Immaterial Business Acquisitions [Member]
Dec. 31, 2012
Series of Individually Immaterial Business Acquisitions [Member]
Dec. 31, 2013
Series of Individually Immaterial Business Acquisitions [Member]
Trademarks and Trade Names [Member]
Dec. 31, 2013
Series of Individually Immaterial Business Acquisitions [Member]
Customer Relationships [Member]
Dec. 31, 2013
Series of Individually Immaterial Business Acquisitions [Member]
Technology and Other [Member]
Consideration                                
Payments to Acquire Businesses, Net of Cash Acquired $ 105,790,000 $ 89,880,000 $ 31,390,000                 $ 105,790,000        
Initial cash paid net of working capital adjustment       59,200,000                        
Business Acquisition, Deferred Purchase Price and Contingent Consideration       8,490,000 [1]               12,370,000 [2] 14,400,000      
Business Combination, Consideration Transferred       67,690,000               118,160,000        
Recognized amounts of identifiable assets acquired and liabilities assumed                                
Business Combination, Acquired Receivables, Fair Value       8,760,000               12,420,000        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory       4,200,000               27,350,000        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles       48,400,000 [3]               41,140,000 [4]        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Prepaid Expenses and Other Assets                       17,480,000        
Other assets       2,450,000                        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment                       20,930,000        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Financial Liabilities       (4,270,000)               (12,510,000)        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Income Taxes                       (8,900,000)        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Long-term Liabilities       (1,610,000)               (18,580,000)        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net       57,930,000               79,330,000        
Redeemable noncontrolling interest       (25,630,000)                        
Goodwill 309,660,000 270,940,000 215,360,000 35,390,000 [5]               38,830,000 [6]        
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net       67,690,000               118,160,000        
Contingent Consideration Arrangements                                
Business Acquisition, Deferred Purchase Price                       9,800,000        
Business Acquisition, Contingent Consideration                       2,600,000        
Contingent consideration low value       8,000,000   3,100,000                    
Contingent consideration high value       9,000,000   4,100,000                    
Contingent consideration paid         4,900,000 0                    
Acquired Intangible Assets Other than Goodwill                                
Acquired Finite-lived Intangible Asset, Amount               33,000,000   7,500,000         27,600,000 1,500,000
Acquired Indefinite-lived Intangible Asset, Amount             $ 7,900,000             $ 12,100,000    
Finite-Lived Intangible Assets, Useful Life                 10 years   8 years       10 years 4 years
[1] The contingent consideration represented the Company's best estimate, based on its review, at the time of purchase, of the underlying potential obligations estimated at a range of $8 million to $9 million, of certain Seller tax-related liabilities for which the Company has indemnified the Sellers as part of the purchase agreement. During 2012, the Company paid $4.9 million of additional purchase price related to the contingent consideration. No additional amounts were paid during 2013. The remaining liability range of $3.1 million to $4.1 million continues to represent the Company's best estimate of the remaining potential obligation at December 31, 2013.
[2] Deferred/contingent consideration includes approximately $9.8 million of both short-term and long-term deferred purchase price, based on set amounts and fixed payment schedules per the purchase agreement, and an additional $2.6 million of contingent consideration to be paid based on a multiple of future earnings, as defined.
[3] Consists of $33.0 million of customer relationships with an estimated 10 year useful life, $7.9 million of trademarks/trade names with an indefinite useful life and $7.5 million of technology and other intangible assets with an estimated eight year useful life.
[4] Consists of approximately $27.6 million of customer relationships with an estimated weighted average useful life of 10 years, $1.5 million of technology and other intangible assets with an estimated weighted average useful life of four years and $12.1 million of trademark/trade names with an indefinite useful life.
[5] All of the goodwill was assigned to the Company's Packaging reportable segment and is expected to be deductible for tax purposes.
[6] Goodwill includes approximately $2.9 million of bargain purchase gain resulting from the acquisition of the towing technology and business assets of AL-KO, which is included in other income (expense), net in the accompanying consolidated statement of income for the year ended December 31, 2013.