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Goodwill (Tables) | 12 Months Ended
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Dec. 31, 2014
Summary of Goodwill | The following table analyzes goodwill for 2014 and 2013.
(in millions) |  | Fuel Specialties |  |  | Performance Chemicals |  |  | Octane Additives |  |  | Total |
At January 1, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross cost (1) |  | $ | 117.6 |  |  | $ | 30.1 |  |  | $ | 236.5 |  |  | $ | 384.2 |
Accumulated impairment losses |  |  | 0.0 |  |  |  | 0.0 |  |  |  | (235.2 | ) |  |  | (235.2 | )
Net book amount |  |  | 117.6 |  |  |  | 30.1 |  |  |  | 1.3 |  |  |  | 149.0 |
Exchange effect |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |
Acquisitions |  |  | 22.9 |  |  |  | 16.7 |  |  |  | 0.0 |  |  |  | 39.6 |
Adjustments to purchase price allocation |  |  | 0.6 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.6 |
Impairment losses |  |  | 0.0 |  |  |  | 0.0 |  |  |  | (1.3 | ) |  |  | (1.3 | )
At December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross cost (1) |  |  | 141.1 |  |  |  | 46.8 |  |  |  | 236.5 |  |  |  | 424.4 |
Accumulated impairment losses |  |  | 0.0 |  |  |  | 0.0 |  |  |  | (236.5 | ) |  |  | (236.5 | )
Net book amount |  |  | 141.1 |  |  |  | 46.8 |  |  |  | 0.0 |  |  |  | 187.9 |
Exchange effect |  |  | (0.3 | ) |  |  | (0.1 | ) |  |  | 0.0 |  |  |  | (0.4 | )
Acquisitions |  |  | 88.1 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 88.1 |
Adjustments to purchase price allocation |  |  | 0.5 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.5 |
Impairment losses |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |  |  |  | 0.0 |
At December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross cost (1) |  |  | 229.4 |  |  |  | 46.7 |  |  |  | 236.5 |  |  |  | 512.6 |
Accumulated impairment losses |  |  | 0.0 |  |  |  | 0.0 |  |  |  | (236.5 | ) |  |  | (236.5 | )
Net book amount |  | $ | 229.4 |  |  | $ | 46.7 |  |  | $ | 0.0 |  |  | $ | 276.1 |
(1) | Gross cost is net of $8.7 million, $0.3 million and $289.5 million of historical accumulated amortization in respect of the Fuel Specialties, Performance Chemicals and Octane Additives reporting segments, respectively.
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 all the Company’s acquisitions including Independence been completed as of January 1, 2013. 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) |  | 2014 |  |  | 2013 |
Net sales |  | $ | 1,046.2 |  |  | $ | 991.2 |
Net income |  | $ | 77.0 |  |  | $ | 72.3 |
Earnings per share – basic |  | $ | 3.16 |  |  | $ | 3.06 |
– diluted |  | $ | 3.10 |  |  | $ | 2.99 |
Independence Acquisition [Member] |
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 Independence, including an accretion charge of $2.4 million:
(in millions) |  | Independence |
Net sales |  | $ | 35.0 |
Net income |  | $ | 0.2 |
Purchase Price and Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the calculations of the total purchase price and the estimated allocation of the purchase price to the assets acquired and liabilities assumed for Independence. 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) |  | Independence |
Goodwill |  | $ | 88.1 |
Other intangible assets |  |  | 63.8 |
Fixed assets |  |  | 18.6 |
Other net assets acquired |  |  | 21.3 |
Purchase price, net of cash acquired |  | $ | 191.8 |

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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=39739317&loc=d3e4845-128472 + Details
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