XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.21.1

Business Combinations, Goodwill and Intangible Assets (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2021
Business Combinations And Goodwill Disclosure [Abstract] |
Schedule of Preliminary Purchase Consideration | The preliminary purchase consideration to allocate was determined as follows (in millions of dollars):
Contract purchase price |  | $ | 670.0 |
Preliminary working capital adjustment |  |  | 31.0 |
Initial outstanding indebtedness – Other postretirement benefits liabilities |  |  | (83.5 | )
Cash paid at acquisition close on March 31, 2021 |  |  | 617.5 |
Estimate of post-close adjustments |  |  | (12.7 | )
Total preliminary purchase consideration to allocate |  | $ | 604.8 |
Summary of Preliminary Fair Value of Assets Acquired and Liabilities Assumed at Acquisition Date | The following table summarizes the preliminary fair values of assets acquired and liabilities assumed at the acquisition date (in millions of dollars):
Trade receivables |  | $ | 162.4 |
Other receivables |  |  | 6.2 |
Inventories, including step up |  |  | 209.0 |
Property, plant and equipment |  |  | 385.4 |
Operating lease assets |  |  | 12.3 |
Intangible assets |  |  | 56.5 |
Goodwill |  |  | 27.4 |
Accounts payable |  |  | (143.0 | )
Accrued salaries, wages and related expenses |  |  | (5.9 | )
Other accrued liabilities |  |  | (11.5 | )
Long-term portion of operating lease liabilities |  |  | (8.7 | )
Pension and other postretirement benefits |  |  | (83.7 | )
Long-term liabilities |  |  | (1.6 | )
Preliminary allocated purchase consideration |  | $ | 604.8 |
Components of Acquired Intangible Assets and Estimated Useful Lives | Intangible Assets. The following table presents the components of acquired intangible assets and their estimated useful lives as of the date of acquisition (in millions of dollars):
|  | Useful Life (in years) |  |  | Fair Value |
Favorable lease contract |  |  | 120 |  |  | $ | 7.0 |
Favorable commodity contracts |  |  | 2 |  |  |  | 11.0 |
Customer relationships |  |  | 12 |  |  |  | 38.5 |
Total |  |  |  |  |  | $ | 56.5 |
Schedule of Goodwill | The following table presents the changes to goodwill during the quarter ended March 31, 2021 (in millions of dollars):
|  | Gross Carrying Value |  |  | Accumulated Impairment Loss |  |  | Net Carrying Value |
Balance as of December 31, 2020 |  | $ | 37.2 |  |  | $ | (18.4 | ) |  | $ | 18.8 |
Warrick Rolling Mill acquisition |  |  | 27.4 |  |  |  | — |  |  |  | 27.4 |
Balance as of March 31, 2021 |  | $ | 64.6 |  |  | $ | (18.4 | ) |  | $ | 46.2 |
Unaudited Proforma Information of Consolidated Results of Operations | The unaudited pro forma information presented below is for informational purposes only and is not necessarily indicative of our consolidated results of operations of the consolidated business had the acquisition occurred at the beginning of fiscal year 2020 or of the results of our future operations of the consolidated business.
|  | Quarter Ended March 31, |
|  | 2021 |  |  | 2020 |
Net sales |  | $ | 635.9 |  |  | $ | 636.1 |
Net income |  | $ | 9.9 |  |  | $ | 3.5 |

X
- Definition Business combinations and goodwill disclosure. + References No definition available. + Details
Name: | kalu_BusinessCombinationsAndGoodwillDisclosureAbstract
Namespace Prefix: | kalu_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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/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
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfAcquiredFiniteLivedIntangibleAssetsByMajorClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration