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AQUISITIONS AND DISCONTINUED OPERATIONS (Tables) | 6 Months Ended
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Jun. 29, 2019
Discontinued Operations and Disposal Groups [Abstract] |
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 |  | 47.8 |
Intangible assets |  | 79.5 |
Other assets |  | 2.3 |
Total assets acquired |  | 207.4 |
Current liabilities assumed |  | 7.8 |
Non-current liabilities assumed |  | 14.6 |
Net assets acquired |  | $ | 185.0 |
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 as if the acquisition of Cues had taken place on January 1, 2018. 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 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 |  | June 30, 2018
Revenues | $ | 395.9 |  |  | $ | 765.2 |
Income from continuing operations | 23.6 |  |  | 36.3 |
Net income | 26.9 |  |  | 39.6 |
Income from continuing operations per share of common stock: |  |  |
Basic | $ | 0.55 |  |  | $ | 0.85 |
Diluted | $ | 0.53 |  |  | $ | 0.81 |
Net income per share of common stock: |  |  |
Basic | $ | 0.63 |  |  | $ | 0.92 |
Diluted | $ | 0.60 |  |  | $ | 0.89 |
Reconciliation of Discontinued Operations Activity | Summarized below are the components of discontinued operations for the three and six months ended June 29, 2019 and June 30, 2018:
| Three months ended |  | Six months ended
| June 29, 2019 |  | June 30, 2018 |  | June 29, 2019 |  | June 30, 2018
Balcke Dürr |  |  |  |  |  |  |
Income from discontinued operations | $ | — |  |  | $ | 6.3 |  |  | $ | — |  |  | $ | 6.3 |
Income tax provision | — |  |  | (2.5 | ) |  | — |  |  | (2.5 | )
Income from discontinued operations, net | — |  |  | 3.8 |  |  | — |  |  | 3.8 |
All other |  |  |  |  |  |  |
Loss from discontinued operations | (0.2 | ) |  | (0.7 | ) |  | (0.2 | ) |  | (0.7 | )
Income tax (provision) benefit | — |  |  | 0.2 |  |  | (1.4 | ) |  | 0.2 |
Loss from discontinued operations, net | (0.2 | ) |  | (0.5 | ) |  | (1.6 | ) |  | (0.5 | )
Total |  |  |  |  |  |  |
Income (loss) from discontinued operations | (0.2 | ) |  | 5.6 |  |  | (0.2 | ) |  | 5.6 |
Income tax provision | — |  |  | (2.3 | ) |  | (1.4 | ) |  | (2.3 | )
Income (loss) from discontinued operations, net | $ | (0.2 | ) |  | $ | 3.3 |  |  | $ | (1.6 | ) |  | $ | 3.3 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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