Acquisition (Tables)

6 Months Ended

May 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 second quarter and first half of fiscal 2013 is presented below:

	Three months ended			Six months ended
	May 31, 2013			May 31, 2013
	(In millions, except per share amounts)
Net sales:
As reported	$	286.6		$	530.3
Pro forma	$	489.0		$	909.9
Net (loss) income:
As reported	($	11.8	)	($	25.8	)
Pro forma	$	1.4		$	13.5
Basic (loss) income per share
As reported	($	0.20	)	($	0.43	)
Pro forma	$	0.02		$	0.22
Diluted (loss) income per share
As reported	($	0.20	)	($	0.43	)
Pro forma	$	0.02		$	0.21