Business Acquisitions (Tables) - Conwed Plastics LLC [Member]

9 Months Ended

Sep. 30, 2017

Schedule of Recognized Identifiable Assets Acquired and Liabilities Assumed

The consideration paid for Conwed and the preliminary fair values of the assets acquired and liabilities assumed as of the January 20, 2017 acquisition date were as follows ($ in millions):



	Preliminary Fair Value as of January 20, 2017
Cash and cash equivalents	$	3.3
Accounts receivable	15.4
Inventory	20.6
Other current assets	1.1
Property, plant and equipment	31.7
Identifiable intangible assets	134.4
Total assets	206.5

Accounts payable and accrued expenses	8.2
Deferred tax liabilities	0.9

Net identifiable assets acquired	197.4

Goodwill	106.2

Fair value of consideration transferred	$	303.6

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table shows the fair values assigned to intangible assets ($ in millions):



	Preliminary Fair Value as of January 20, 2017		Weighted-Average Amortization Period (Years)
Amortizable intangible assets:
Customer relationships	$	108.0	15.0
Developed technology	18.1		17.2
Non-competition agreements	1.2		7.2
Total amortizable intangible assets	127.3
Indefinite-lived intangible assets:
Trade names	7.1		Indefinite
Total	$	134.4

Actual and Pro Forma Net Sales and Income from Continuing Operations

The amounts of Net sales and Income from continuing operations of Conwed included in the Company's consolidated income statement from the acquisition date are as follows ($ in millions):



	Net Sales		Income from Continuing Operations
July 1, 2017 - September 30, 2017	$	40.7	$	4.7
January 20, 2017 - September 30, 2017	106.2		7.9

The amounts of the unaudited pro forma Net sales and Income from continuing operations of the combined entity had the acquisition date been January 1, 2016 are as follows ($ in millions):



	Net Sales		Income from Continuing Operations
2016 Supplemental Pro Forma from July 1, 2016 - September 30, 2016	$	248.1	$	20.7
2016 Supplemental Pro Forma from January 1, 2016 - September 30, 2016	751.0		71.0
2017 Supplemental Pro Forma from January 1, 2017 - September 30, 2017	$	754.1	$	58.4