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Business Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2014
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The consideration paid for DelStar and the final fair values of the assets acquired and liabilities assumed as of the December 12, 2013 acquisition date are as follows ($ in millions):
| Fair value as of December 12, 2013
Cash and cash equivalents | $ | 1.6 |
Accounts receivable | 17.3 |
Inventory | 21.2 |
Income taxes receivable | 5.7 |
Deferred income tax benefits | 1.5 |
Other current assets | 0.8 |
Property, plant and equipment | 41.5 |
Other noncurrent assets | 0.7 |
Identifiable intangible assets | 80.9 |
Total Assets | 171.2 |
Accounts payable | 4.8 |
Accrued expenses | 6.7 |
Deferred income tax liabilities | 40.4 |
Other liabilities | 0.7 |
Net assets acquired | 118.6 |
Goodwill | 115.1 |
Cash paid | $ | 233.7 |
The cash paid for these acquisitions and the preliminary fair values of the assets acquired and liabilities assumed as of the December 19, 2014 and December 31, 2014 acquisition dates for Pronamic assets and SNN assets, respectively, are as follows ($ in millions):
| Preliminary Fair Value as Acquisition Date
Accounts receivable | $ | 3.5 |
Inventory | 3.2 |
Other current assets | 0.2 |
Property, plant and equipment | 9.3 |
Identifiable intangible assets | 11.6 |
Total Assets | 27.8 |
Accounts payable | 1.4 |
Accrued expenses | 1.4 |
Net assets acquired | 25.0 |
Goodwill | 5.0 |
Cash paid | $ | 30.0 |
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The following table shows the preliminary fair values assigned to intangible assets ($ in millions):
| Preliminary Fair Value as of December 31, 2014 |  | Weighted-Average Amortization Period (Years)
Amortizable intangible assets: |  |  |
Customer relationships | $ | 6.1 |  |  | 15
Developed Technology | 2.1 |  |  | 20
Patents | 1.5 |  |  | 17
Customer contracts | 1.9 |  |  | 6
Total | $ | 11.6 |  |  | 15
The following table shows the fair values assigned to intangible assets ($ in millions):
| Fair Value as of December 12, 2013 |  | Weighted-Average Amortization Period (Years)
Amortizable intangible assets: |  |  |
Customer relationships | $ | 45.3 |  |  | 23
Developed Technology | 13.8 |  |  | 12.8
Indefinite-lived intangible assets: |  |  |
Trade names | 21.8 |  |  | Indefinite
Total | $ | 80.9 |  |  | 21
Business Acquisition, Pro Forma Information | The amounts of the combined acquisitions' Net Sales and Income from Continuing Operations included in the Company's Consolidated Statements of Income for the year ended December 31, 2014, and the unaudited pro forma Net Sales and Income from Continuing Operations of the combined entity had the acquisition date been January 1, 2013, including the proforma 2013 and actual 2014 results of DelStar, are as follows ($ in millions):
|  | Net Sales |  | (Loss) Income from Continuing Operations
Actual from December 19, 2014 - December 31, 2014 |  | 0.2 |  |  | (0.4 | )
2014 Supplemental Pro Forma from January 1, 2014 - December 31, 2014 |  | 823.6 |  |  | 92.4 |
2013 Supplemental Pro Forma from January 1, 2013 - December 31, 2013 |  | 904.3 |  |  | 86.4 |

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- 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
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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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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