XML 53 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Acquisitions (Details)
SFr in Millions, $ in Millions
3 Months Ended 4 Months Ended 9 Months Ended
Jun. 10, 2016
USD ($)
Feb. 19, 2016
CHF (SFr)
Feb. 19, 2016
USD ($)
Apr. 01, 2015
USD ($)
Sep. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Feb. 19, 2016
USD ($)
Dec. 31, 2015
USD ($)
Oct. 31, 2014
USD ($)
Acquisitions                          
Aggregate cash purchase price, net of cash acquired                 $ 103.1 $ 598.9      
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Goodwill         $ 1,046.5     $ 1,046.5 1,046.5     $ 1,134.4  
Micro-Coax                          
Acquisitions                          
Percentage of ownership interest acquired 100.00%                        
Aggregate cash purchase price, net of cash acquired $ 94.8                        
Cash acquired in business combination 1.5                        
Payment of working capital settlement 0.2                        
Total consideration transferred               96.3          
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Cash and cash equivalents         1.5     1.5 1.5        
Receivables         6.3     6.3 6.3        
Inventories         8.6     8.6 8.6        
Prepaid expenses and other current assets         0.3     0.3 0.3        
Property, plant and equipment         16.0     16.0 16.0        
Definite-lived intangible assets         26.2     26.2 26.2        
Indefinite-lived intangible assets         0.9     0.9 0.9        
Other long-term assets         1.0     1.0 1.0        
Accounts payable         (1.7)     (1.7) (1.7)        
Accrued expenses         (2.5)     (2.5) (2.5)        
Total identifiable net assets         56.6     56.6 56.6        
Goodwill         39.7     39.7 39.7        
Micro-Coax | Preliminary Allocation                          
Acquisitions                          
Total consideration transferred 97.3                        
Goodwill deductible for tax purpose         39.7     39.7 39.7        
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Cash and cash equivalents 1.5                        
Receivables 6.3                        
Inventories 8.6                        
Prepaid expenses and other current assets 0.4                        
Property, plant and equipment 30.0                        
Definite-lived intangible assets 31.5                        
Indefinite-lived intangible assets 2.0                        
Other long-term assets 1.0                        
Accounts payable (1.7)                        
Accrued expenses (2.4)                        
Total identifiable net assets 77.2                        
Goodwill $ 20.1                        
Micro-Coax | Preliminary Allocation | Trade names                          
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Indefinite-lived intangible assets         $ 0.9     0.9 0.9        
Micro-Coax | Preliminary Allocation | Customer relationships                          
Acquisitions                          
Useful life of finite lived intangible assets         12 years                
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Definite-lived intangible assets         $ 15.0     15.0 15.0        
Micro-Coax | Preliminary Allocation | Acquired Technology                          
Acquisitions                          
Useful life of finite lived intangible assets         7 years                
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Definite-lived intangible assets         $ 10.6     10.6 10.6        
Micro-Coax | Preliminary Allocation | Non-compete agreement                          
Acquisitions                          
Useful life of finite lived intangible assets         3 years                
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Definite-lived intangible assets         $ 0.6     0.6 0.6        
Micro-Coax | Adjustment                          
Acquisitions                          
Total consideration transferred               (1.0)          
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Prepaid expenses and other current assets         (0.1)     (0.1) (0.1)        
Property, plant and equipment         (14.0)     (14.0) (14.0)        
Definite-lived intangible assets         (5.3)     (5.3) (5.3)        
Indefinite-lived intangible assets         (1.1)     (1.1) (1.1)        
Accrued expenses         (0.1)     (0.1) (0.1)        
Total identifiable net assets         (20.6)     (20.6) (20.6)        
Goodwill         19.6     19.6 19.6        
Finishing Brands                          
Acquisitions                          
Percentage of ownership interest acquired       100.00%                  
Aggregate cash purchase price, net of cash acquired       $ 598.9                  
Cash acquired in business combination       12.2                  
Total consideration transferred           $ 611.1              
Business combination gross receivables       60.0                  
Receivables not expected to be collected       1.5                  
Goodwill deductible for tax purpose       132.9                  
Deferred tax liability related to intangible assets       28.2                  
Business Acquisition, Pro Forma Information [Abstract]                          
Net sales             $ 973.1     2,728.2      
Income from continuing operations             $ 103.6     $ 250.5      
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Cash and cash equivalents           12.2              
Receivables           58.5              
Inventories           43.1              
Prepaid expenses and other current assets           6.2              
Property, plant and equipment           40.8              
Definite-lived intangible assets           216.0              
Indefinite-lived intangible assets           125.0              
Deferred income tax assets           0.7              
Other long-term assets           3.5              
Line of credit           (1.4)              
Accounts payable           (16.3)              
Income tax payable           (2.0)              
Accrued expenses           (15.6)              
Deferred income tax liabilities           (28.2)              
Other long-term liabilities           (6.3)              
Total identifiable net assets           436.2              
Goodwill           174.9              
Finishing Brands | Other long-term assets                          
Acquisitions                          
Indemnification asset       3.0                  
Finishing Brands | Trade names                          
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Indefinite-lived intangible assets       $ 125.0                  
Finishing Brands | Customer relationships                          
Acquisitions                          
Useful life of finite lived intangible assets       15 years                  
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Definite-lived intangible assets       $ 186.0                  
Finishing Brands | Acquired Technology                          
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Definite-lived intangible assets       $ 30.0                  
Finishing Brands | Acquired Technology | Minimum                          
Acquisitions                          
Useful life of finite lived intangible assets       5 years                  
Finishing Brands | Acquired Technology | Maximum                          
Acquisitions                          
Useful life of finite lived intangible assets       8 years                  
Finishing Brands | Preliminary Allocation                          
Acquisitions                          
Total consideration transferred       $ 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 long-term 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 long-term liabilities       (5.6)                  
Total identifiable net assets       434.9                  
Goodwill       $ 175.7                  
Finishing Brands | Adjustment                          
Acquisitions                          
Total consideration transferred           0.5              
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Receivables           1.2              
Inventories           2.2              
Prepaid expenses and other current assets           (0.2)              
Property, plant and equipment           (0.2)              
Deferred income tax assets           (1.2)              
Other long-term assets           (0.3)              
Income tax payable           (0.1)              
Deferred income tax liabilities           0.6              
Other long-term liabilities           (0.7)              
Total identifiable net assets           1.3              
Goodwill           $ (0.8)              
MS                          
Acquisitions                          
Percentage of ownership interest acquired   100.00%                 100.00%    
Total consideration transferred   SFr 12.3 $ 12.4                    
Contingent consideration   SFr 4.3                 $ 4.3    
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Definite-lived intangible assets                     9.8    
Indefinite-lived intangible assets                     4.2    
Deferred income tax liabilities                     (2.7)    
Goodwill                     2.7    
MS | Customer relationships                          
Acquisitions                          
Useful life of finite lived intangible assets   10 years 10 years                    
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Definite-lived intangible assets                     1.4    
MS | Acquired Technology                          
Acquisitions                          
Useful life of finite lived intangible assets   7 years 7 years                    
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Definite-lived intangible assets                     $ 8.4    
LHi Technology                          
Acquisitions                          
Indemnification asset                         $ 8.7
LHi Technology | Adjustment                          
Acquisitions                          
Contingent consideration         (2.6)     (2.6) (2.6)        
Indemnification asset         (2.6)     (2.6) (2.6)        
Carlisle Fluid Technologies                          
Recognized amounts of identifiable assets acquired and liabilities assumed:                          
Goodwill         $ 174.7     $ 174.7 $ 174.7     $ 173.4