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Business Combinations (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Recognized Identified Assets Acquired In Business Combination

The following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed in the VRV acquisition as of the acquisition date:



	June 30, 2019			Adjustments			As Previously Reported December 31, 2018
Net assets acquired:
Identifiable intangible assets	$	66.6		$	—		$	66.6
Property, plant and equipment	70.5			—			70.5
Goodwill	84.9			21.7			63.2
Other net assets	0.4			(17.5		)	17.9
Debt	(4.9		)	—			(4.9		)
Net assets acquired	$	217.5		$	4.2		$	213.3

The following table summarizes the estimated fair values of the assets and liabilities assumed in the AXC acquisition:



Net assets acquired:
Identifiable intangible assets	$	310.0
Property, plant and equipment	34.4
Goodwill	239.3
Other assets	42.5
Liabilities	(34.2		)
Net assets acquired	$	592.0

Identifiable Intangible Assets Acquired

Information regarding identifiable intangible assets acquired in the AXC acquisition is presented below:



	Weighted-average Estimated useful life	Preliminary Estimated Asset Fair Value
Finite-lived intangible assets:
Customer Relationships	12.0 years	$	179.1
Developed Technology	10.0 years	47.0
Backlog	1.0 year	27.3
Non-compete agreements	4.0 years	1.1
Total finite-lived intangible assets acquired	11.0 years	254.5
Indefinite-lived intangible assets:
Trademarks		55.5
Total identifiable intangible assets acquired		$	310.0

Information regarding preliminary identifiable intangible assets acquired in the VRV acquisition is presented below:



	Weighted-average Estimated Useful Life	Preliminary Estimated Asset Fair Value
Finite-lived intangible assets:
Customer relationships	12.0 years	$	28.1
Unpatented technology	12.0 years	15.9
Other identifiable intangible assets ⁽¹⁾	4.0 years	11.8
Trademarks and trade names	14.0 years	10.8
Total finite-lived intangible assets acquired	9.0 years	$	66.6

_______________

⁽¹⁾

Other identifiable intangible assets is included in “Patents and other” in Note 6, “Goodwill and Intangible Assets”.

Pro Forma Information

The following table presents pro forma sales, net income attributable to Chart Industries, Inc., and net income attributable to Chart Industries, Inc. per common share data assuming AXC was acquired at the beginning of the 2018 fiscal year:



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Pro forma sales	$	382.1	$	326.5	$	747.7	$	614.8
Pro forma net income attributable to Chart Industries, Inc.	19.4		8.0		25.2		9.3

Pro forma net income attributable to Chart Industries, Inc. per common share, basic	$	0.54	$	0.23	$	0.71	$	0.27
Pro forma net income attributable to Chart Industries, Inc. per common share, diluted	0.51		0.22		0.66		0.26