Asco Acquisition (Details)
$ in Millions

12 Months Ended

Dec. 31, 2018

USD ($)

Business Combinations [Abstract]

Asco Acquisition - SG&A Expenses

$ 16.4

Asco Acquisition

27.  Asco Acquisition

On May 1, 2018, the Company and its wholly-owned subsidiary Spirit Belgium entered into the Purchase Agreement pursuant to which Spirit Belgium will purchase all of the issued and outstanding equity of Asco, a leading supplier of high lift wing structures, mechanical assemblies and major functional components to major OEMs and Tier I suppliers in the global commercial aerospace and military markets, for the translated amount of $650.0 in cash, subject to certain customary closing adjustments, including foreign currency adjustments. The definitive agreement is subject to customary closing conditions, including regulatory approvals and customer consents.

One of the closing conditions is receipt of clearance from the European Commission (the “Commission”). During the scope of the Commission’s Phase 1 review, the Commission identified issues that it requires to be addressed regarding the transaction. Consequently, on October 26, 2018, the Company withdrew its notification of the transaction from the Commission in order to address those issues. After several months of addressing the issues, the Company refiled its application with the Commission and the Commission is proceeding with a Phase 1 review of the transaction. There can be no assurances that the Company will receive the clearance of the Commission.

Acquisition-related expenses were $16.4 for the twelve months ended December 31, 2018 and are included in selling, general and administrative costs on the condensed and consolidated statements of operations.

ASCO - purchase price

$ 650.0