Acquisitions and Dispositions (Tables)

12 Months Ended

Dec. 31, 2017

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 and 2015:

	Fair Value		Valuation Technique	Unobservable Input	Range
2016
Client relationships	$	4.6	Excess earnings	Attrition rate	5.0%
				Discount rate	13.0%
2015
Client relationships	$	—	Excess Earnings	Discount rate	2.7%

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
Client 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%