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AQUISITIONS AND DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following is a summary of the recorded preliminary fair values of the assets acquired and liabilities assumed for Cues as of June 7, 2018:
Assets acquired:
 
 
Current assets, including cash and equivalents of $20.6
 
$
72.8

Property, plant and equipment
 
7.4

Goodwill
 
46.6

Intangible assets
 
79.5

Other assets
 
2.7

Total assets acquired
 
209.0

 
 
 
Current liabilities assumed
 
8.4

Non-current liabilities assumed
 
13.8

 
 
 
Net assets acquired
 
$
186.8
Business Acquisition, Pro Forma Information
The following unaudited pro forma information presents our results of operations for the three and six months ended June 30, 2018 and July 1, 2017, respectively, as if the acquisition of Cues had taken place on January 1, 2017. The unaudited pro forma financial information is not intended to represent or be indicative of our consolidated results of operations that would have been reported had the acquisition been completed as of the date presented, and should not be taken as representative of our future consolidated results of operations. The pro forma results include estimates and assumptions that management believes are reasonable; however, these results do not include any anticipated cost savings or expenses of the planned integration of Cues. These pro forma results of operations have been prepared for comparative purposes only and include additional interest expense on the borrowings required to finance the acquisition, additional depreciation and amortization expense associated with fair value adjustments to the acquired property, plant and equipment and intangible assets, the removal of charges associated with the excess fair value (over historical cost) of inventory acquired and subsequently sold, the removal of professional fees incurred in connection with the transaction, and the related income tax effects.
 
Three months ended
 
Six months ended
 
June 30,
2018
 
July 1,
2017
 
June 30,
2018
 
July 1,
2017
Revenues
$
395.9

 
$
370.9

 
$
765.2

 
$
732.3

Income (loss) from continuing operations
23.6

 
(7.4
)
 
36.3

 
4.3

Net income (loss)
26.9

 
(8.1
)
 
39.6

 
10.7

 
 
 
 
 
 
 
 
Income (loss) from continuing operations per share of common stock:
 
 
 
 
 
 
 
Basic
$
0.55

 
$
(0.17
)
 
$
0.85

 
$
0.10

Diluted
$
0.53

 
$
(0.17
)
 
$
0.81

 
$
0.10

 
 
 
 
 
 
 
 
Net income (loss) per share of common stock:
 
 
 
 
 
 
 
Basic
$
0.63

 
$
(0.19
)
 
$
0.92

 
$
0.25

Diluted
$
0.60

 
$
(0.19
)
 
$
0.89

 
$
0.25
Schedule of disposal groups, including discontinued operations, income statement, balance sheet and additional disclosures
For the three and six months ended June 30, 2018, the table below presents a reconciliation of discontinued operations activity to the related amounts in the condensed consolidated statements of operations:
 
Three months ended
 
Six months ended
 
June 30,
2018
 
July 1,
2017
 
June 30,
2018
 
July 1,
2017
Balcke Dürr
 
 
 
 
 
 
 
Income (loss) from discontinued operations
$
6.3

 
$
(0.5
)
 
$
6.3

 
$
(2.6
)
Income tax (provision) benefit
(2.5
)
 
0.1

 
(2.5
)
 
9.4

Income (loss) from discontinued operations, net
3.8

 
(0.4
)
 
3.8

 
6.8

 
 
 
 
 
 
 
 
All other
 
 
 
 
 
 
 
Loss from discontinued operations
(0.7
)
 
(0.4
)
 
(0.7
)
 
(0.9
)
Income tax benefit
0.2

 
0.1

 
0.2

 
0.5

Loss from discontinued operations, net
(0.5
)
 
(0.3
)
 
(0.5
)
 
(0.4
)
 
 
 
 
 
 
 
 
Total
 
 
 
 
 
 
 
Income (loss) from discontinued operations
5.6

 
(0.9
)
 
5.6

 
(3.5
)
Income tax (provision) benefit
(2.3
)
 
0.2

 
(2.3
)
 
9.9

Income (loss) from discontinued operations, net
$
3.3

 
$
(0.7
)
 
$
3.3

 
$
6.4