Acquisitions (Tables) - Norcraft Companies, Inc [Member]

3 Months Ended

Mar. 31, 2016

Preliminary Allocation of Purchase Price to Fair Value of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase price to the fair value of assets acquired and liabilities assumed as of the date of the acquisition.


(In millions)
Accounts receivable	$	31.0
Inventories		28.7
Property, plant and equipment		45.7
Goodwill		304.9
Identifiable intangible assets		360.0
Other assets		9.3

Total assets		779.6
Deferred tax liabilities		101.3
Other liabilities and accruals		29.7

Net assets acquired ^(a)	$	648.6

^(a)

Net assets exclude $15.5 million of cash transferred to the Company as the result of the Norcraft acquisition.

Proforma Consolidated Financial Information

The unaudited pro forma financial information does not necessarily represent the results that would have occurred had the acquisition occurred on January 1, 2014. In addition, the unaudited pro forma information should not be deemed to be indicative of future results.


(In millions, except per share amounts)	Three Months Ended March 31, 2015
Net sales	$	1,045.2
Income from continuing operations		44.8

Basic earnings per common share	$	0.28
Diluted earnings per common share	$	0.27