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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2017
Goodwill And Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in the carrying amount of our goodwill are as follows (dollars in millions):
|  | Goodwill |
Balance at January 1, 2017 |  | $ | 737.9 |
Acquisitions (a)(b) |  |  | (6.8 | )
Balance at June 30, 2017 |  | $ | 731.1 |
(a) | During the six months ended June 30, 2017, the Company recorded a $5.7 million opening balance sheet adjustment to decrease the goodwill balance for the Company’s November 2016 acquisition of Columbus Container, Inc.
(b) | During the quarter ended March 31, 2017, the Company received $1.1 million from the seller related to a working capital adjustment. This adjustment was recorded as a decrease to the goodwill balance for the Company's August 2016 acquisition of TimBar Corporation.
Components of Intangible Assets | The weighted average remaining useful life, gross carrying amount, and accumulated amortization of our intangible assets were as follows (dollars in millions):
|  | June 30, 2017 |  |  | December 31, 2016 |
|  | Weighted Average Remaining Useful Life (in Years) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Weighted Average Remaining Useful Life (in Years) |  | Gross Carrying Amount |  |  | Accumulated Amortization |
Customer relationships |  | 12.7 |  | $ | 429.4 |  |  | $ | 93.9 |  |  | 13.1 |  | $ | 424.5 |  |  | $ | 79.8 |
Trademarks and trade names |  | 10.5 |  |  | 28.8 |  |  |  | 10.6 |  |  | 10.5 |  |  | 27.7 |  |  |  | 8.1 |
Other |  | 4.1 |  |  | 4.2 |  |  |  | 1.7 |  |  | 4.3 |  |  | 4.2 |  |  |  | 1.4 |
Total intangible assets (excluding goodwill) |  | 12.5 |  | $ | 462.4 |  |  | $ | 106.2 |  |  | 12.9 |  | $ | 456.4 |  |  | $ | 89.3 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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