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Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Acquisitions

Summary of purchase price allocation

The following table summarizes the purchase price allocation:

​	​	​	​
(In millions)		Allocated Fair Value
Inventories	​	$	1.6
Property and equipment(1)	​	​	—
Intangible assets	​	​	53.5
Goodwill	​	​	31.1
Purchase price	​	$	86.2

​

(1)  The purchase price included less than $0.1 million of property and equipment.

Schedule of allocation of purchase price

​

The following table reflects the allocation of purchase price to the acquired intangible assets and related estimated useful lives: 

​	​	​	​	​	​
​	​	​		​	​
(In millions)		Allocated Fair Value		​	Estimated Useful Life
Customer relationships	​	$	31.0	​	13 years
Developed technology	​	​	13.0	​	11 years
Tradenames	​		9.5	​	Indefinite
Total intangible assets	​	$	53.5	​	​

X

- Definition

Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a asset acquisition agreement.

+ References

No definition available.

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- References

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X

- Definition

Tabular disclosure of asset acquisition.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 50
-Section 15
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=6911878&loc=d3e8732-128492

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