XML 45 R29.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Acquisition Acquisition (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
Business Combinations [Abstract] |
Schedule of Purchase Consideration and Asset Allocation | The total purchase consideration of approximately $123.3 million consists of the following (in millions except per share amounts):
Cash consideration paid to Audience shareholders and equity award holders | $ | 61.6 |
Fair value of shares of Knowles common stock issued to Audience shareholders and equity award holders | 60.2 |
Fair value of restricted stock units assumed | 1.5 |
Fair value of total consideration | $ | 123.3 |
The table below represents the preliminary allocation of the purchase price to the net assets acquired on their estimated fair values as of July 1, 2015 (in millions):
Goodwill | $ | 47.8 |
Cash | 26.5 |
Identified intangible assets | 25.8 |
Inventories | 10.3 |
Property, plant, and equipment | 10.7 |
Other assets | 19.5 |
Total liabilities and accruals | (17.3 | )
Fair value of total consideration | $ | 123.3 |
Selected Unaudited Pro-forma Combined Statement of Earnings |
|  | Years Ended December 31,
|  | 2015 |  | 2014 |  | 2013
Revenues |  | $ | 1,114.6 |  |  | $ | 1,254.6 |  |  | $ | 1,374.9 |
Net (loss) earnings |  | (287.7 | ) |  | (169.7 | ) |  | 89.7 |
Basic (loss) earnings per share |  | (3.20 | ) |  | (1.93 | ) |  | 1.02 |
Diluted (loss) earnings per share |  | $ | (3.20 | ) |  | $ | (1.93 | ) |  | $ | 1.02 |

X
- 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=25497992&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration