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Acquisitions
9 Months Ended
Sep. 30, 2016
Business Combinations [Abstract]  
Acquisitions
Acquisitions
On December 11, 2013, the Company completed the acquisition of MEI Conlux Holdings (U.S.), Inc. and its affiliate MEI Conlux Holdings (Japan), Inc. (together, “MEI”), a leading provider of payment solutions for unattended transaction systems, serving customers in the transportation, gaming, retail, financial services and vending markets. The purchase price was $804 million for all of the outstanding equity interests of MEI. MEI has been integrated into the Company’s Crane Payment Innovations (“CPI”) business within its Payment & Merchandising Technologies segment.
Acquisition-Related Costs
Acquisition-related costs are expensed as incurred. For the three months ended September 30, 2015, the Company recorded $2.2 million of acquisition integration related charges and a pension curtailment gain of $4.4 million. For the nine months ended September 30, 2016, the Company recorded a $0.4 million restructuring gain. For the nine months ended September 30, 2015, the Company recorded $5.6 million of acquisition integration related charges, $0.2 million of restructuring costs and a $4.4 million pension curtailment gain related to the acquisition. See additional discussion in Note 14.