XML 53 R31.htm IDEA: XBRL DOCUMENT v2.4.0.8
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2013
Summary of Significant Accounting Policies  
Estimated useful lives of property, plant and equipment

Depreciation and amortization are calculated on a straight-line basis over the estimated useful lives of the assets as follows:

  Buildings   25-40 years
  Machinery and equipment   3-10 years
  Computer equipment and software   3-5 years
  Furniture and fixtures   3-10 years
  Leasehold improvements   Lesser of 15 years or the remaining lease term
Schedule of finite estimated useful lives

Intangible assets with a finite useful life are amortized on a straight-line basis over their estimated useful lives as follows:

  Existing technology and related patents   3-10 years
  Customer and distributor relationships   5-12 years
  Trade names   5-10 years
Stock-based compensation expense

The Company recorded stock-based compensation expense for the years ended December 31, 2013, 2012 and 2011, as follows (in millions):

 
   2013   2012   2011  

Stock options

   $ 5.3   $ 6.5   $ 6.6  

Restricted stock

     1.3     1.3     1.3  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total stock-based compensation

   $ 6.6   $ 7.8   $ 7.9  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
Assumptions regarding volatility, expected term, dividend yield and risk-free interest rate

Assumptions regarding volatility, expected term, dividend yield and risk-free interest rate are required for the Black-Scholes model and are presented in the table below:

 
   2013   2012   2011  

Risk-free interest rate

     1.07%-2.45%     0.91%-1.78%     1.24%-3.12%  

Expected life

     6.5 years     6.5 years     6.5 years  

Volatility

     54.9%     55.9%     57.2%  

Expected dividend yield

     —     —     —  
Summary of the computation of basic and diluted weighted average shares outstanding and net income per common share

The following table sets forth the computation of basic and diluted weighted average shares outstanding for the years ended December 31, (in millions, except per share data):

 
   2013   2012   2011  

Net income attributable to Bruker Corporation

   $ 80.1   $ 77.5   $ 92.3  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Weighted average shares outstanding:

                    

Weighted average shares outstanding-basic

     166.5     166.0     165.4  

Effect of dilutive securities:

                    

Stock options and restricted stock

     2.0     1.4     1.5  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Weighted average shares outstanding-diluted

     168.5     167.4     166.9  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Net income per common share attributable to Bruker Corporation shareholders:

                    

Basic

   $ 0.48   $ 0.47   $ 0.56  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Diluted

   $ 0.48   $ 0.46   $ 0.55  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​