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Business Combinations (Tables)
 9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
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:
 
September 30, 2019
 
Adjustments
 
As Previously Reported
December 31, 2018
Net assets acquired:
 
 
 
 
 
Identifiable intangible assets
$
41.2

 
$
(25.4
)
 
$
66.6

Property, plant and equipment
67.5

 
(3.0
)
 
70.5

Goodwill
106.4

 
43.2

 
63.2

Other net assets
7.3

 
(10.6
)
 
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:
 
September 30, 2019
 
Adjustments
 
As Previously Disclosed June 30, 2019
Net assets acquired:
 
 
 
 
 
Identifiable intangible assets
$
304.4

 
$
(5.6
)
 
$
310.0

Property, plant and equipment
33.3

 
(1.1
)
 
34.4

Goodwill
240.1

 
0.8

 
239.3

Other assets
53.1

 
10.6

 
42.5

Liabilities
(31.2
)
 
3.0

 
(34.2
)
Net assets acquired
$
599.7

 
$
7.7

 
$
592.0
Identifiable Intangible Assets Acquired
Information regarding identifiable intangible assets acquired in the AXC acquisition is presented below:
 
Weighted-average Estimated Useful Life
 
September 30, 2019
 
Adjustments
 
As Previously Disclosed June 30, 2019
Finite-lived intangible assets:
 
 
 
 
 
 
 
Customer relationships
12.0 years
 
$
180.7

 
$
1.6

 
$
179.1

Developed technology
10.0 years
 
46.7

 
(0.3
)
 
47.0

Backlog
1.0 year
 
19.8

 
(7.5
)
 
27.3

Non-compete agreements
4.0 years
 
1.4

 
0.3

 
1.1

Total finite-lived intangible assets acquired
11.0 years
 
248.6

 
(5.9
)
 
254.5

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
Trademarks
 
 
55.8

 
0.3

 
55.5

Total identifiable intangible assets acquired
 
 
$
304.4

 
$
(5.6
)
 
$
310.0


Information regarding preliminary identifiable intangible assets acquired in the VRV acquisition is presented below:
 
Weighted-average Estimated Useful Life
 
September 30, 2019
 
Adjustments
 
As Previously Reported
December 31, 2018
Finite-lived intangible assets:
 
 
 
 
 
 
 
Customer relationships
12.0 years
 
$
14.5

 
$
(13.6
)
 
$
28.1

Unpatented technology
12.0 years
 
22.2

 
6.3

 
15.9

Other identifiable intangible assets (1)
4.0 years
 
0.5

 
(11.3
)
 
11.8

Trademarks and trade names
14.0 years
 
4.0

 
(6.8
)
 
10.8

Total finite-lived intangible assets acquired
9.0 years
 
$
41.2

 
$
(25.4
)
 
$
66.6

_______________
(1) 
Other identifiable intangible assets is included in “Patents and other” in Note 7, “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 September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Pro forma sales
$
357.8

 
$
324.3

 
$
1,105.5

 
$
939.1

Pro forma net income attributable to Chart Industries, Inc.
18.7

 
24.9

 
44.8

 
34.7

 
 
 
 
 
 
 
 
Pro forma net income attributable to Chart Industries, Inc. per common share, basic
$
0.52

 
$
0.71

 
$
1.35

 
$
0.99

Pro forma net income attributable to Chart Industries, Inc. per common share, diluted
0.51

 
0.67

 
1.28

 
0.96