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Fair Value Measurements (Tables) | 12 Months Ended
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Dec. 31, 2016
Fair Value Disclosures [Abstract] |
Fair Value Of Assets And Liabilities Measured On Recurring Basis | The following table summarizes the Company's financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2016 and December 31, 2015 (in millions):
|  |  |  | Fair Value Measurements as of December 31, 2016
Description |  | Balance as of December 31, 2016 |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |
Cash, cash equivalents: |  |  |  |  |  |  |  |
Demand and time deposits |  | $ | 67.2 |  |  | $ | 67.2 |  |  | — |  |  | — |
Money market funds |  | $ | 30.3 |  |  | $ | 30.3 |  |  | — |  |  | — |
Liabilities: |  |  |  |  |  |  |  |
Contingent consideration |  | $ | 4.5 |  |  | — |  |  | — |  |  | $ | 4.5 |
During the year ended December 31, 2016, the contingent consideration for the AXSEM acquisition was reduced from $5.0 million to $4.5 million due to the revision of the Company’s expectations of the Earn-out achievement.
|  |  |  | Fair Value Measurements as of December 31, 2015
Description |  | Balance as of December 31, 2015 |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |
Cash, cash equivalents: |  |  |  |  |  |  |  |
Demand and time deposits |  | $ | 9.5 |  |  | $ | 9.5 |  |  | — |  |  | — |
Money market funds |  | $ | 33.2 |  |  | $ | 33.2 |  |  | — |  |  | — |
Liabilities: |  |  |  |  |  |  |  |
Designated cash flow hedges |  | $ | 0.2 |  |  | — |  |  | $ | 0.2 |  |  | — |
Foreign currency exchange contracts |  | $ | 0.1 |  |  | — |  |  | $ | 0.1 |  |  | — |
Contingent consideration |  | $ | 5.0 |  |  | — |  |  | — |  |  | $ | 5.0 |
Fair Value, by Balance Sheet Grouping | The carrying amounts and fair values of the Company’s long-term borrowings (excluding capital lease obligations, real estate mortgages and equipment financing) at December 31, 2016 and December 31, 2015 are as follows (in millions):
| December 31, 2016 |  | December 31, 2015
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Long-term debt, including current portion |  |  |  |  |  |  |
Convertible Notes (1) | $ | 953.6 |  |  | $ | 1,160.9 |  |  | $ | 925.0 |  |  | $ | 1,041.9 |
Long-term debt (1) | $ | 2,616.3 |  |  | $ | 2,731.5 |  |  | $ | 386.9 |  |  | $ | 386.6 |
_______________________ (1) Carrying amount shown is net of debt discounts and debt issuance costs. See Note 8: ''Long-Term Debt'' for additional information.
Fair Value Measurements, Nonrecurring | The following table shows the adjustments to fair value of certain of the Company's non-financial assets that had an impact on the Company's results of operations during the years ended December 31, 2016, December 31, 2015 and December 31, 2014 (in millions):
|  | Year Ended
|  | December 31, 2016 |  | December 31, 2015 |  | December 31, 2014
Nonrecurring fair value measurements |  |  |  |  |  |
Impairment of property, plant and equipment held for use or disposal (Level 3) |  | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 6.0 |
Goodwill impairment (Level 3) |  | — |  |  | — |  |  | 8.7 |
IPRD (Level 3) |  | 2.2 |  |  | 3.8 |  |  | 0.9 |
|  | $ | 2.7 |  |  | $ | 4.0 |  |  | $ | 15.6 |

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13476-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13467-108611 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13433-108611 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
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