XML 61 R30.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Business Combinations, Discontinued Operations and Related Transactions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Schedule of Condensed Income Statement and Balance Sheet | Selected financial data for the operations of the disposed furniture Components business is presented below:
| Years ended December 31, |
| 2011 |  |  | 2012 |
| (In millions) |
Income statement: |  |  |  |  |  |  |
Net sales | $ | 59.0 |  |  | $ | 60.7 |
Operating income | $ | 9.1 |  |  | $ | 7.4 |
Income from discontinued operations: |  |  |  |  |  |  |
Income before taxes | $ | 9.1 |  |  | $ | 7.2 |
Income tax expense |  | 5.0 |  |  |  | 3.5 |
Income from discontinued operations, net of tax |  | 4.1 |  |  |  | 3.7 |
Gain on sale of discontinued operations: |  |  |  |  |  |  |
Gain on sale |  | — |  |  |  | 23.7 |
Income tax expense |  | — |  |  |  | 1.9 |
Gain on sale discontinued operations, net of tax |  | — |  |  |  | 21.8 |
Total discontinued operations, net of tax |  | 4.1 |  |  |  | 25.5 |
Noncontrolling interest in income from discontinued operations |  | 1.1 |  |  |  | 1.0 |
Noncontrolling interest in gain on sale of discontinued operations |  | — |  |  |  | 6.1 |
Total noncontrolling interest in discontinued operations |  | 1.1 |  |  |  | 7.1 |
Total discontinued operations, net of tax and noncontrolling interest | $ | 3.0 |  |  | $ | 18.4 |
Recognition Based on Preliminary Analysis of Provisional Amounts | Based on our preliminary analysis of the provisional amounts of the transaction at December 31, 2013 we recognized the following:
| (In millions) |
Consideration: |  |  |
Cash | $ | 5.3 |
Promissory note payable |  | 19.1 |
Deferred payment, obligation ($11.1 million face value) |  | 8.2 |
Total fair value of consideration |  | 32.6 |
Fair value of existing equity interest in BMI and Landwell |  | 43.4 |
Bargain purchase gain recognized |  | 28.0 |
Preliminary total | $ | 104.0 |
Preliminary allocation of purchase price to identifiable assets acquired and liabilities assumed: |  |  |
Cash | $ | 27.4 |
Land held for development: |  |  |
Current |  | 14.3 |
Noncurrent |  | 158.1 |
Other current assets |  | 9.4 |
Property, plant and equipment |  | 29.0 |
Other noncurrent assets |  | 8.5 |
Long-term debt |  | (14.3 | )
Other liabilities |  | (66.9 | )
Total net identifiable assets |  | 165.5 |
Noncontrolling interest in BMI and Landwell |  | (61.5 | )
Preliminary total | $ | 104.0 |

X
- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
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://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=6910749&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration