Acquisition (Tables)

9 Months Ended

Aug. 31, 2014

Business Combinations [Abstract]

Components of Purchase Price

The components of the purchase price to UTC are as follows (in millions):

Purchase Price	$	495.0
Advance payments on contracts adjustment	(55.7		)
Capital expenditures adjustment	(28.3		)
Cash payment to UTC	$	411.0

Summary of Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in millions):

Current assets	$	105.0
Property, plant and equipment, net	203.8
Other non-current assets	4.2
Total tangible assets acquired	313.0
Intangible assets acquired	128.3
Deferred income taxes	12.9
Total assets acquired	454.2
Liabilities assumed, current	(105.5		)
Liabilities assumed, non-current	(7.2		)
Total identifiable net assets acquired	341.5
Goodwill (Cash payment less total identifiable net assets acquired)	$	69.5

Summary of Pro Forma Information Related to Results of Operations

The pro forma information for the third quarter and first nine months of fiscal 2013 is presented below:

	Three months ended		Nine months ended
	August 31, 2013		August 31, 2013
	(In millions, except per share amounts)
Net sales:
As reported	$	367.5	$	897.8
Pro forma	$	367.5	$	1,277.4
Net income:
As reported	$	197.4	$	171.6
Pro forma	$	13.2	$	26.7
Basic income per share
As reported	$	3.25	$	2.83
Pro forma	$	0.22	$	0.44
Diluted income per share
As reported	$	2.39	$	2.13
Pro forma	$	0.18	$	0.39