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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value of Assets and Liabilities
The following tables summarize the Company’s assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2016:
 
Fair Value Measurement at Reporting Date Using
(in millions)
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
31.5

 
$
—

 
$
—

 
$
31.5

Liabilities:
 
 
 
 
 
 
 
Contingent consideration
—

 
—

 
5.1

 
5.1
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table provides a roll-forward of the fair value of recurring Level 3 fair value measurements for the three and nine months ended September 30, 2016:
(in millions)
Three Months Ended September 30, 2016
 
Nine Months Ended September 30, 2016
Contingent consideration liability, at beginning of period
$
5.0

 
$
—

Issuance of contingent consideration in connection with acquisitions
—

 
4.9

Settlements of contingent consideration liabilities
—

 
—

Foreign currency translation
(0.1
)
 
—

Total losses (gains) included in earnings (a)
0.2

 
0.2

Contingent consideration liability, at end of period
$
5.1

 
$
5.1

(a)
Changes in the fair value of contingent consideration liabilities are included as a component of Acquisition and integration related expenses within the Condensed Consolidated Statements of Operations.