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Business Combinations (Tables) | 3 Months Ended
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Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of recognized identified assets acquired In business combination | The following table summarizes the preliminary estimated fair value of the assets acquired in the L.A. Turbine acquisition at the acquisition date:
Net assets acquired: |
Identifiable intangible assets | $ | 43.7 |
Goodwill (1) | 41.9 |
Other assets (1) | 4.8 |
Property, plant and equipment | 2.6 |
Cash and cash equivalents | 1.4 |
Liabilities | (16.4) |
Net assets acquired | $ | 78.0 |
_______________ (1)As previously reported in our Annual Report on Form 10-K for the year ended December 31, 2021, we reported goodwill and other assets of $42.1 and $4.6, respectively. During the first quarter of 2022, we recorded purchase price adjustments that decreased goodwill by $0.2 and increased other assets by $0.2.
Schedule of identifiable intangible assets acquired | Information regarding preliminary estimated identifiable intangible assets acquired in the L.A. Turbine acquisition is presented below:
| Weighted-average Estimated Useful Life |  | Preliminary Estimated Asset Fair Value
Finite-lived intangible assets acquired: |  |  |
Unpatented technology | 14.5 years |  | $ | 33.4 |
Customer relationships | 14.5 years |  | 1.5 |
Backlog | 2.5 years |  | 0.7 |
Other identifiable intangible assets (1) | 3.4 years |  | 0.2 |
Total finite-lived intangible assets acquired | 14.2 years |  | 35.8 |
Indefinite-lived intangible assets acquired: |  |  |
Trademarks and trade names |  |  | 7.9 |
Total intangible assets acquired |  |  | $ | 43.7 |
_______________ (1)Other identifiable intangible assets is included in “Patents and other” in Note 6, “Goodwill and Intangible Assets.”
Schedule of changes in contingent consideration | The following table represents the changes to our contingent consideration liabilities:
| SES |  | BIG |  | Total
Balance at December 31, 2021 | $ | 19.1 |  |  | $ | 2.1 |  |  | $ | 21.2 |
Decrease in fair value of contingent consideration liabilities | (0.5) |  |  | (0.3) |  |  | (0.8) |
Balance at March 31, 2022 | $ | 18.6 |  |  | $ | 1.8 |  |  | $ | 20.4 |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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