Acquisitions (Tables)

6 Months Ended

Jun. 30, 2018

Business Combinations [Abstract]

Summary of consideration transferred

Summary of assets acquired and liabilities assumed

The fair value recorded for the assets acquired and liabilities assumed for Altek is as follows:

	Preliminary Valuation
(In millions)	May 29, 2018
Cash and cash equivalents	$	1.7
Net working capital	(1.5		)
Property, plant and equipment	3.3
Intangible assets	52.5
Goodwill	20.9
Net deferred tax liabilities	(8.5		)
Other liabilities	(0.3		)
Total identifiable net assets of Altek	$	68.2

Summary of intangible assets and amortization periods

The following table details the preliminary valuation of identifiable intangible assets and amortization periods for the Altek

	Amortization Period	Preliminary Valuation
(Dollars in millions)		May 29, 2018
Customer related	14.2 years	$	11.5
Technology related	10.3 years	36.5
Trade names	15.0 years	4.5
Total identifiable intangible assets of Altek		$	52.5