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Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2021
Business Combinations [Abstract] |
Schedule of Fair Value of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary fair values of the Bristol assets acquired and liabilities assumed at the date of the acquisition:
(In millions) | January 25, 2021
Current assets (including cash of $13.3 million) | $ | 37.1 |
Net investment in sales-type leases, noncurrent | 29.0 |
Property, plant and equipment and other noncurrent assets | 12.0 |
Customer relationships | 4.5 |
Trade name and other intangible assets | 1.4 |
Goodwill | 4.1 |
Total assets acquired | 88.1 |
Total liabilities assumed | (11.8) |
Net assets acquired | $ | 76.3 |
Schedule of Pro Forma Financial Information | Pro forma condensed combined financial information (Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30,
(In millions, except per share amounts) | 2020 | 2021 | 2020
Net sales | $ | 330.5 |  | $ | 651.7 |  | $ | 694.9 |
Net income | $ | 38.9 |  | $ | 61.8 |  | $ | 85.6 |
Basic earnings per share | $ | 1.00 |  | $ | 1.58 |  | $ | 2.20 |
Diluted earnings per share | $ | 0.99 |  | $ | 1.57 |  | $ | 2.18 |

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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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&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://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=121647850&loc=d3e4845-128472 + Details
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