Goodwill (Tables)

9 Months Ended

Sep. 30, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

The following table summarizes the goodwill movement year on year:


(in millions)	Nine Months Ended September 30
	2013			2012

At January 1:
Gross cost ⁽¹⁾	$	384.2		$	375.5
Accumulated impairment losses		(235.2	)		(234.0	)

Net book amount		149.0			141.5


Exchange effect		(0.1	)		(0.1	)
Acquisitions		17.0			0.0
Adjustments to purchase price allocation		0.4			0.0
Impairment losses		(1.0	)		(0.9	)


At September 30:
Gross cost ⁽¹⁾		401.5			375.4
Accumulated impairment losses		(236.2	)		(234.9	)

Net book amount	$	165.3		$	140.5

⁽¹⁾	Gross cost for 2013 and 2012 is net of $298.5 million of historical accumulated amortization.

Schedule of Consolidated Income Statement Included Revenue and Earnings

Included in the consolidated income statement of the Company since the acquisition date, are the following revenue and earnings for Chemsil and Chemtec combined:


(in millions)	Chemsil & Chemtec
Net sales	$	3.1
Net income	$	0.2

Schedule of Pro forma Financial Information

For illustrative purposes only pro forma information of the enlarged group is provided below but is not necessarily indicative of what the financial position or results of operations would have been had the Chemsil and Chemtec acquisitions been completed as of January 1, 2012. In addition, the unaudited pro forma financial information is not indicative of, nor does it purport to project, the future financial position of operating results of the enlarged group.


(in millions, except per share data)	2013		2012
Net sales	$	604.7	$	604.6
Net income	$	50.2	$	59.0
Earnings per share – basic	$	2.13	$	2.55
– diluted	$	2.08	$	2.47

Purchase Price and Fair Values of Assets Acquired and Liabilities Assumed

The purchase price allocation is not yet complete as we are in the process of finalising the valuation of the assets acquired. Final determination of the fair values may result in adjustments to the amounts presented below:


(in millions)	Chemsil & Chemtec
Other intangible assets	$	33.7
Goodwill		17.0
Other net assets		6.7

Purchase price, net of cash acquired	$	57.4