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Acquisition Acquisition (Tables)
 12 Months Ended
Dec. 31, 2015
Business Combinations [Abstract]  
Schedule of Purchase Consideration and Asset Allocation
The total purchase consideration of approximately $123.3 million consists of the following (in millions except per share amounts):
Cash consideration paid to Audience shareholders and equity award holders

$
61.6

Fair value of shares of Knowles common stock issued to Audience shareholders and equity award holders
60.2

Fair value of restricted stock units assumed
1.5

Fair value of total consideration
$
123.3


The table below represents the preliminary allocation of the purchase price to the net assets acquired on their estimated fair values as of July 1, 2015 (in millions):
Goodwill
$
47.8

Cash
26.5

Identified intangible assets
25.8

Inventories
10.3

Property, plant, and equipment
10.7

Other assets
19.5

Total liabilities and accruals
(17.3
)
Fair value of total consideration
$
123.3
Selected Unaudited Pro-forma Combined Statement of Earnings

 
 
Years Ended December 31,
 
 
2015
 
2014
 
2013
Revenues
 
$
1,114.6

 
$
1,254.6

 
$
1,374.9

Net (loss) earnings
 
(287.7
)
 
(169.7
)
 
89.7

Basic (loss) earnings per share
 
(3.20
)
 
(1.93
)
 
1.02

Diluted (loss) earnings per share
 
$
(3.20
)
 
$
(1.93
)
 
$
1.02