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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
The following table provides balances for goodwill by reportable segment as of September 30, 2018 (in millions):
 
Communications
 
Oil and Gas
 
Electrical
Transmission
 
Power Generation and Industrial
 
Total Goodwill
Goodwill, gross
$
467.8

 
$
462.5

 
$
149.9

 
$
142.4

 
$
1,222.6

Accumulated impairment loss

 
(72.8
)
 

 

 
(72.8
)
Goodwill, net
$
467.8

 
$
389.7

 
$
149.9

 
$
142.4

 
$
1,149.8

Rollforward of Other Intangible Assets
The following table provides a reconciliation of changes in other intangible assets, net, for the period indicated (in millions):
 
Other Intangible Assets
 
Non-Amortizing
 
Amortizing
 
 
 
Trade Names
 
Pre-Qualifications
 
Customer Relationships and Backlog
 
Other (a)
 
Total
Other intangible assets, gross, as of December 31, 2017
$
34.5

 
$
77.6

 
$
223.0

 
$
21.8

 
$
356.9

Accumulated amortization
 
 
 
 
(152.4
)
 
(13.4
)
 
(165.8
)
Other intangible assets, net, as of December 31, 2017
$
34.5

 
$
77.6

 
$
70.6

 
$
8.4

 
$
191.1

Additions from new business combinations

 

 
2.9

 
0.3

 
3.2

Measurement period adjustments (b)

 

 
0.4

 
(0.7
)
 
(0.3
)
Amortization expense
 
 
 
 
(14.4
)
 
(1.0
)
 
(15.4
)
Currency translation adjustments

 
(1.2
)
 
(0.1
)
 
(0.1
)
 
(1.4
)
Other intangible assets, net, as of September 30, 2018
$
34.5

 
$
76.4

 
$
59.4

 
$
6.9

 
$
177.2

(a)
Consists principally of trade names and non-compete agreements.
(b)
Represents adjustments to preliminary estimates of fair value for the Company’s recent acquisitions.
Schedule of Consideration Paid and Net Assets Acquired, Business Combinations
The following table summarizes the fair values of consideration paid and net assets acquired as of the respective dates of acquisition, as adjusted (in millions):
Acquisition consideration:
2017
Cash
$
120.4

Fair value of contingent consideration (earn-out liability)
98.5

Total consideration transferred
$
218.9

Identifiable assets acquired and liabilities assumed:
 
Current assets, primarily composed of accounts receivable and $2.8 million of cash acquired
$
43.8

Property and equipment and other long-term assets
57.2

Amortizing intangible assets
28.1

Current liabilities, including current portion of capital lease obligations and long-term debt
(29.5
)
Long-term debt, including capital lease obligations
(9.9
)
Deferred income taxes and other long-term liabilities
(12.0
)
Total identifiable net assets
$
77.7

Goodwill
$
141.2

Total net assets acquired, including goodwill
$
218.9