Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2016

Business Acquisition [Line Items]

Fair Values, Valuation Techniques and Related Unobservable Inputs of Level Three

The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements for the years ended December 31, 2016, 2015 and 2014:

	Fair Value		Valuation Technique	Unobservable Input	Range
2016
Customer relationships	$	4.6	Excess earnings	Attrition rate		5.0%
				Discount Rate		13.0%
2015
Customer relationships	$	—	Excess earnings	Attrition rate		2.7%
2014
Customer relationships	$	—	Excess Earnings	Discount rate	12.0 - 18.0%
				Attrition Rate	6.6% - 12.0%

Precision Dialogue Holdings, LLC

Business Acquisition [Line Items]

Schedule of Final Purchase Price Allocation for Acquisitions

Based on the valuation, the final purchase price allocation for the Precision Dialogue acquisition was as follows:

Accounts receivable	$	11.5
Inventories		0.4
Prepaid expenses and other current assets		0.8
Property, plant and equipment		6.9
Other intangible assets		14.1
Other noncurrent assets		1.2
Goodwill		42.5
Accounts payable and accrued liabilities		(11.4	)
Deferred taxes-net		(6.8	)
Total purchase price-net of cash acquired		59.2
Less: debt assumed		11.1
Net cash paid	$	48.1

Fair Values, Valuation Techniques and Related Unobservable Inputs of Level Three

The fair values of other intangible assets, technology and goodwill associated with the Precision Dialogue acquisition were determined to be Level 3 under the fair value hierarchy.  The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements:

	Fair Value		Valuation Technique	Unobservable Input	Range
Customer relationships	$	11.0	Excess earnings	Discount rate Attrition rate	16.0% 7.0% - 8.0%
Trade names		1.4	Relief-from-royalty method	Discount rate Royalty rate (pre-tax)	16.0% 0.75% - 1.25%
Technology	0.6		Relief-from-royalty method	Discount rate Royalty rate (pre-tax)        Obsolescence factor	16.0% 15.0%                             0.0% - 40.0%
Non-compete agreements		1.7	With or without method	Discount rate		16.0%

Four Insignificant Acquisitions

Business Acquisition [Line Items]

Schedule of Final Purchase Price Allocation for Acquisitions

Based on the valuations, the final purchase price allocations for the 2015 acquisitions were as follows:

Accounts receivable	$	3.4
Inventories		0.2
Prepaid expenses and other current assets		0.6
Property, plant and equipment		5.7
Other intangible assets		5.2
Other noncurrent assets		0.2
Goodwill		15.2
Accounts payable and accrued liabilities		(5.6	)
Other noncurrent liabilities		(4.7	)
Total purchase price-net of cash acquired		20.2
Less: debt assumed		3.7
Less: settlement of accounts receivable for acquisition of a business		8.6
Less: value of common stock issued		1.0
Net cash paid	$	6.9

Fair Values, Valuation Techniques and Related Unobservable Inputs of Level Three

The fair values of other intangible assets and goodwill associated with these acquisitions were determined to be Level 3 under the fair value hierarchy.  The following table presents the fair value, valuation techniques and related unobservable inputs for these Level 3 measurements:

	Fair Value		Valuation Technique	Unobservable Input	Range
Customer relationships	$	4.9	Excess earnings	Discount rate Attrition rate	15.0% - 17.0% 5.0% - 10.0%
Non-compete agreements		0.3	Excess earnings	Discount rate		17.0%

Consolidated Graphics, Inc

Business Acquisition [Line Items]

Schedule of Final Purchase Price Allocation for Acquisitions

Based on the valuations, the final purchase price allocation for this acquisition as well as the purchase price allocation for an insignificant acquisition were as follows:

Accounts receivable	$	171.3
Inventories		65.9
Prepaid expenses and other current assets		15.4
Property, plant and equipment		297.0
Other intangible assets		179.3
Other noncurrent assets		10.4
Goodwill		296.6
Accounts payable and accrued liabilities		(159.5	)
Other noncurrent liabilities		(41.5	)
Deferred taxes-net		(116.6	)
Total purchase price-net of cash acquired		718.3
Less: debt assumed		118.4
Less: value of common stock issued		300.7
Net cash paid	$	299.2

Fair Values, Valuation Techniques and Related Unobservable Inputs of Level Three

The fair values of other intangible assets and goodwill associated with the acquisition of Consolidated Graphics were determined to be Level 3 under the fair value hierarchy. The following table presents the fair values, valuation techniques and related unobservable inputs for these Level 3 measurements:

	Fair Value	Valuation Technique	Unobservable Input	Range
Customer relationships	$    161.6	Excess earnings	Discount rate Attrition rate	17.0% - 19.0% 5.0% - 15.0%
Trade names	17.7	Relief-from-royalty method	Discount rate Royalty rate (pre-tax)	19.0% 0.5%