Business Combinations (Tables)

3 Months Ended

Mar. 31, 2020

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 AXC acquisition as of the acquisition date:



	Preliminary Estimated Fair Value
Net assets acquired:
Identifiable intangible assets	$	256.4
Goodwill	287.5
Property, plant and equipment	34.2
Other assets	53.1
Liabilities	(31.5		)
Net assets acquired	$	599.7

Identifiable Intangible Assets Acquired

Information regarding preliminary 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	14.0 years	$	139.1
Unpatented technology	10.0 years	42.1
Backlog ⁽¹⁾	1.0 year	19.2
Other identifiable intangible assets ⁽¹⁾	4.0 years	1.0
Total finite-lived intangible assets acquired	11.0 years	201.4
Indefinite-lived intangible assets:
Trademarks and trade names		55.0
Total identifiable intangible assets acquired		$	256.4

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⁽¹⁾

Backlog and other identifiable intangible assets are 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 2019 fiscal year:



	Three Months Ended
	March 31, 2019
Pro forma sales	$	365.5
Pro forma net income attributable to Chart Industries, Inc.	5.9

Pro forma net income attributable to Chart Industries, Inc. per common share, basic	$	0.17
Pro forma net income attributable to Chart Industries, Inc. per common share, diluted	0.16