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AQUISITIONS AND DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
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