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Acquisitions, Discontinued Operations, and Other Dispositions (Tables)
 12 Months Ended
Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following is a summary of the recorded 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
 
$
70.4

Property, plant and equipment
 
7.4

Goodwill
 
48.6

Intangible assets
 
79.5

Other assets
 
2.3

Total assets acquired
 
208.2

 
 
 
Current liabilities assumed
 
7.8

Non-current liabilities assumed
 
15.4

 
 
 
Net assets acquired
 
$
185.0
Business Acquisition, Pro Forma Information
The following unaudited pro forma information presents our consolidated results of operations for the years ended December 31, 2018 and 2017 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 and other one-time costs incurred in connection with the transaction, and the related income tax effects.
 
 
Years ended December 31,
 
 
2018
 
2017
Revenues
 
$
1,572.7

 
$
1,511.4

Income from continuing operations
 
87.1

 
87.4

Net income
 
90.1

 
92.7

 
 
 
 
 
Income from continuing operations per share of common stock:
 
 
 
 
Basic
 
$
2.02

 
$
2.06

Diluted
 
$
1.95

 
$
1.99

 
 
 
 
 
Net income per share of common stock:
 
 
 
 
Basic
 
$
2.09

 
$
2.19

Diluted
 
$
2.02

 
$
2.11
Schedule of major classes of assets and liabilities, excluding intercompany balances, of businesses reported as discontinued operations
For the years ended December 31, 2018, 2017 and 2016, results of operations from our businesses reported as discontinued operations were as follows:
 
Year ended December 31,
 
2018
 
2017
 
2016
Balcke Dürr
 
 
 
 
 
Income (loss) from discontinued operations
$
6.3

 
$
(2.6
)
 
$
(107.0
)
Income tax (provision) benefit
(2.5
)
 
9.4

 
11.8

Income (loss) from discontinued operations, net
3.8

 
6.8

 
(95.2
)
 
 
 
 
 
 
 
 
 
 
 
 
All other
 
 
 
 
 
Loss from discontinued operations
(1.2
)
 
(4.0
)
 
(3.7
)
Income tax benefit
0.4

 
2.5

 
1.0

Loss from discontinued operations, net
(0.8
)
 
(1.5
)
 
(2.7
)
 
 
 
 
 
 
Total
 
 
 
 
 
Income (loss) from discontinued operations
5.1

 
(6.6
)
 
(110.7
)
Income tax (provision) benefit
(2.1
)
 
11.9

 
12.8

Income (loss) from discontinued operations, net
$
3.0

 
$
5.3

 
$
(97.9
)
Balcke Durr  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Schedule of major classes of assets and liabilities, excluding intercompany balances, of businesses reported as discontinued operations
Major classes of line items constituting pre-tax loss and after-tax loss of Balcke Dürr for the year ended December 31, 2016 are shown below:
 
 
Revenues
$
153.4

Costs and expenses:
 
Costs of products sold
144.2

Selling, general and administrative
31.4

Special charges (credits), net
(1.3
)
Other expense, net
(0.2
)
Loss before taxes
(21.1
)
Income tax benefit
4.5

Loss from discontinued operations
$
(16.6
)



The following table presents selected financial information for Balcke Dürr that is included within discontinued operations in the consolidated statement of cash flows for the year ended December 31, 2016:
 
 
Non-cash items included in income (loss) from discontinued operations, net of tax
 
Depreciation and amortization
$
2.0

Capital expenditures
0.7