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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2018
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired In Business Combination | The following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the Hudson acquisition:
Net assets acquired: |
Goodwill | $ | 238.3 |
Identifiable intangible assets | 211.0 |
Accounts receivable | 34.6 |
Property, plant and equipment | 29.4 |
Inventories | 26.5 |
Other current assets | 8.1 |
Unbilled contract revenue | 4.9 |
Other assets | 2.9 |
Prepaid expenses | 0.9 |
Deferred tax liabilities | (87.6 | )
Accounts payable | (21.2 | )
Customer advances and billings in excess of contract revenue | (17.4 | )
Accrued salaries, wages and benefits | (4.4 | )
Other current liabilities | (3.8 | )
Other long-term liabilities | (1.9 | )
Current portion of warranty reserve | (0.8 | )
Net assets acquired | $ | 419.5 |
Identifiable Intangible Assets Acquired | Information regarding identifiable intangible assets acquired in the Hudson acquisition is presented below:
| Weighted-average Estimated Useful Life |  | Preliminary Estimated Asset Fair Value
Finite-lived intangible assets: |  |  |
Customer relationships | 13 years |  | $ | 122.1 |
Unpatented technology | 10 years |  | 18.3 |
Customer backlog | 2 years |  | 1.3 |
Total finite-lived intangible assets acquired | 12 years |  | 141.7 |
Indefinite-lived intangible assets: |  |  |
Trademarks and trade names |  |  | 69.3 |
Total identifiable intangible assets acquired |  |  | $ | 211.0 |
Pro Forma Disclosures | The following table presents pro forma sales, net income attributable to the Company, and net income attributable to the Company per common share data assuming Hudson was acquired before the beginning of the 2017 fiscal year, and assuming effective tax rates of 35%:
| Three Months Ended June 30, 2017 |  | Six Months Ended June 30, 2017
Pro forma sales | $ | 289.8 |  |  | $ | 541.7 |
Pro forma net income attributable to Chart Industries, Inc. | 4.1 |  |  | 1.4 |
Pro forma net income attributable to Chart Industries, Inc. per common share, basic | $ | 0.14 |  |  | $ | 0.05 |
Pro forma net income attributable to Chart Industries, Inc. per common share, diluted | $ | 0.14 |  |  | $ | 0.05 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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