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Acquisitions - MRL Acquisition (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
USD ($)
Sep. 30, 2019
USD ($)
Business Acquisition [Line Items]    
Goodwill   $ 18.5
MRL    
Business Acquisition [Line Items]    
Purchase price, inclusive of preliminary closing adjustments $ 49.8 49.8 [1]
Contingent consideration 7.9 [2] 7.9 [2]
Total consideration   57.7
Cash 0.2 0.2
Accounts receivable 3.2 3.2
Inventories 12.9 12.9
Prepaid expenses and other current assets 0.3 0.3
Properties and equipment 6.4 6.4
Operating lease right-of-use assets 4.6 4.6
Other long-term assets 0.1 0.1
Customer relationships 17.7 [3] 17.7 [3]
Trade names 9.0 [4] 9.0 [4]
Other intangible assets 1.4 1.4
Operating lease liabilities (4.6) (4.6)
Accounts payable (3.7) (3.7)
Accrued liabilities (1.0) (1.0)
Customer deposits (5.9) (5.9)
Deferred tax liabilities (1.4) (1.4)
Net assets acquired $ 39.2 39.2
Goodwill   $ 18.5 [5]
Customer relationships | MRL    
Business Acquisition [Line Items]    
Finite-lived intangible asset, useful life 12 years  
[1]
The initial purchase price was funded with borrowings under the Company’s revolving credit facility.
[2] estimated fair value of the contingent earn-out payment as of the acquisition date, which is included as a component of Other long-term liabilities on the Condensed Consolidated Balance Sheet. See Note 14 – Fair Value Measurements for discussion of the methodology used to determine the fair value of the contingent earn-out payment.
[3]
Represents the preliminary fair value assigned to customer relationships, which are considered to be definite-lived intangible assets, with a preliminary estimated useful life of approximately 12 years.
[4]
Represents the preliminary fair value assigned to trade names, which are considered to be indefinite-lived intangible assets.
[5]
Goodwill, the majority of which is tax-deductible, has been allocated to the Environmental Solutions Group on the basis that the synergies identified will primarily benefit this segment.