XML 59 R35.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisitions Acquisitions (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed After preliminary working capital adjustments, the Company paid an aggregate purchase price of $430.3 million, which was comprised of the following:
 
 
June 1, 2017 (As Initially Reported)
 
Measurement Period Adjustments
 
June 1, 2017
(As Adjusted)
Accounts and notes receivable—trade
 
$
23.3

 
$

 
$
23.3

Inventories
 
24.9

 
(0.2
)
 
24.7

Prepaid expenses and other current assets
 
0.2

 

 
0.2

Property, plant and equipment
 
23.0

 
0.1

 
23.1

Identifiable intangibles
 
254.2

 
4.9

 
259.1

Accounts payable
 
(22.4
)
 
0.2

 
(22.2
)
Other accrued liabilities
 
(5.1
)
 
0.4

 
(4.7
)
Net assets acquired before goodwill on acquisition
 
$
298.1

 
$
5.4

 
$
303.5

Goodwill on acquisition
 
132.6

 
(5.8
)
 
126.8

Net assets acquired
 
$
430.7

 
$
(0.4
)
 
$
430.3

Business Acquisition, Pro Forma Information The following supplemental pro forma information represents the results of operations as if the Company had acquired Industrial Wood on January 1, 2016:
 
 
For the years ended
 (in millions, except per share data)
 
December 31, 2017
 
December 31, 2016
Net sales
 
$
4,454.2

 
$
4,293.1

Net income
 
$
55.0

 
$
45.9

Net income attributable to controlling interests
 
$
44.0

 
$
40.1

Net income per share (Basic)
 
$
0.18

 
$
0.17

Net income per share (Diluted)
 
$
0.18

 
$
0.16