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Business Combination (Tables)
 6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Components of the preliminary purchase price allocation
The components of the final purchase price allocation are as follows:
(in millions)
 
 
Accounts receivable
$
185.0

 
Inventory
75.1

 
Prepaid expenses and other current assets
23.4

 
Accounts payable
(77.9
)
 
Accrued expenses
(140.0
)
 
Property, plant and equipment
242.1

 
Other assets
32.6

 
Identifiable intangible assets:
 

 
Indefinite-lived trade names
521.2

 
Contractual retailer/distributer relationships
91.1

 
Developed technology, including patents
87.1

 
Customer databases
3.9

 
Optimum™ trade name
2.3

 
Deferred income taxes, net
(231.2
)
 
Sealy 8.0% Notes
(96.2
)
 
Redeemable non-controlling interest
(11.3
)
 
Other liabilities
(77.5
)
 
Goodwill
543.2

 
Net consideration transferred
$
1,172.9

 
Business acquisition, pro forma information
The following unaudited pro forma information presents the combined financial results for the Company and Sealy as if the Sealy Acquisition had been completed at the beginning of the Company’s prior year, January 1, 2013. Prior to the Sealy Acquisition, Sealy used a 52-53 week fiscal year ending on the closest Sunday to November 30, but no later than December 2. The pro forma information set forth below for the three months ended June 30, 2013 includes Sealy’s pro forma information for the quarterly periods April 1, 2013 through June 30, 2013. The pro forma financial information set forth below for the six months ended June 30, 2013 includes Sealy’s pro forma information for the combined six month period from December 3, 2012 through March 3, 2013 and April 1, 2013 through June 30, 2013.

(in millions, except earnings per common share)
Six Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
Net sales
$
1,416.9

 
$
1,343.6

Net income
$
25.2

 
$
19.1

Earnings per common share – Diluted
$
0.41

 
$
0.31