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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2016
Business Combinations [Abstract] |
Schedule of Preliminary Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair values of the Latchways assets acquired and liabilities assumed at the date of acquisition:
(In millions) | October 21, 2015
Current assets (including cash of $10.6 million) | $ | 35.7 |
Property, plant and equipment | 9.5 |
Trade name and acquired technology | 14.6 |
Customer-related intangibles | 53.0 |
Goodwill | 98.0 |
Total assets acquired | 210.8 |
Total liabilities assumed | 19.9 |
Net assets acquired | $ | 190.9 |
Schedule of Pro Forma Financial Information | Pro forma financial information (Unaudited)
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions, except per share amounts) | 2016 | 2015 |  | 2016 | 2015
Net sales | $ | 296.0 |  | $ | 297.8 |  |  | $ | 575.3 |  | $ | 568.3 |
Income from continuing operations | 29.3 |  | 24.2 |  |  | 42.0 |  | 35.7 |
Basic earnings per share from continuing operations | 0.78 |  | 0.65 |  |  | 1.12 |  | 0.96 |
Diluted earnings per share from continuing operations | 0.77 |  | 0.64 |  |  | 1.11 |  | 0.94 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + 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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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