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Business Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2017
Conwed Plastics LLC [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The consideration paid for Conwed and the final fair values of the assets acquired and liabilities assumed as of the January 20, 2017 acquisition date were as follows ($ in millions):
| 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 | 8.2 |
Deferred tax liabilities | 0.9 |
Net assets acquired | 197.4 |
Goodwill | 106.2 |
Total consideration | $ | 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):
| 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
January 21, 2017 - December 31, 2017 |  | $ | 141.3 |  |  | $ | 11.9 |
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
2017 Supplemental Pro Forma from January 1, 2017 - December 31, 2017 |  | $ | 989.8 |  |  | $ | 31.1 |
2016 Supplemental Pro Forma from January 1, 2016 - December 31, 2016 |  | 984.1 |  |  | 90.6 |
Argotec [Member] |
Business Acquisition [Line Items] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The consideration paid for Argotec and the fair values of the assets acquired and liabilities assumed as of the October 28, 2015 acquisition date were as follows ($ in millions):
| Fair Value as of October 28, 2015
Cash and cash equivalents | $ | 2.7 |
Accounts receivable | 16.1 |
Inventory | 16.3 |
Other current assets | 0.1 |
Property, plant and equipment | 15.9 |
Other noncurrent assets | 0.9 |
Identifiable intangible assets | 130.5 |
Total assets | 182.5 |
Accounts payable | 4.6 |
Accrued expenses | 4.5 |
Net assets acquired | 173.4 |
Goodwill | 109.3 |
Cash paid | $ | 282.7 |
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):
| Fair Value as of October 28, 2015 |  | Weighted-Average Amortization Period (Years)
Amortizable intangible assets: |  |  |
Customer relationships | $ | 115.9 |  |  | 15
Non-competition agreements | 1.7 |  |  | 4
Indefinite-lived intangible assets: |  |  |
Trade names | 12.9 |  |  | Indefinite
Total | $ | 130.5 |  |  |
Actual and Pro Forma Net Sales and Income from Continuing Operations | The amounts of the acquisition's Net Sales and Income from Continuing Operations included in the Company's Consolidated Statements of Income for the year ended December 31, 2015, and the unaudited pro forma Net Sales and Income from Continuing Operations of the combined entity had the acquisition date been January 1, 2015 are as follows ($ in millions):
|  | Net Sales |  | Income from Continuing Operations
Actual from October 28, 2015 - December 31, 2015 |  | $ | 22.3 |  |  | $ | 0.9 |
2015 Supplemental Pro Forma from January 1, 2015 - December 31, 2015 |  | 859.7 |  |  | 90.2 |

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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=79982066&loc=d3e1392-128463 + 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=84161108&loc=d3e4845-128472 + Details
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