Business Combinations (Tables)

3 Months Ended

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