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Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2018
Business Combinations [Abstract]  
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)
 
June 30
2018
 
Measurement Period Adjustments (a)
 
September 30
2018
Cash and cash equivalents
 
$
1.7

 
$
—

 
$
1.7

Net working capital
 
(1.5
)
 
0.2

 
(1.3
)
Property, plant and equipment
 
3.3

 
—

 
3.3

Intangible assets
 
52.5

 
0.2

 
52.7

Goodwill
 
20.9

 
5.8

 
26.7

Net deferred tax liabilities
 
(8.5
)
 
—

 
(8.5
)
Other liabilities
 
(0.3
)
 
—

 
(0.3
)
Total identifiable net assets of Altek
 
$
68.1

 
$
6.2

 
$
74.3

(a) The measurement period adjustments did not have a material impact on the Company's previously reported operating results.
Summary of intangible assets and amortization periods The following table details the preliminary valuation of identifiable intangible assets and amortization periods for Altek:
 
 
Amortization Period
 
Preliminary Valuation
(Dollars in millions)
 
 
June 30
2018
 
Measurement Period Adjustments (a)
 
September 30
2018
Customer related
 
14.2 years
 
$
11.5

 
$
0.1

 
$
11.6

Technology related
 
10.3 years
 
36.5

 
0.1

 
36.6

Trade names
 
15.0 years
 
4.5

 
—

 
4.5

Total identifiable intangible assets of Altek
 
 
 
$
52.5

 
$
0.2

 
$
52.7

(a) The measurement period adjustments did not have a material impact on the Company's previously reported operating results.
Summary of changes in fair value of contingent consideration The following table reflects the changes in the fair value of contingent consideration:
(In thousands)
 
Contingent Consideration
Balance, June 30, 2018
 
$
10,097

Measurement period adjustment (b)
 
6,177

Fair value adjustment (c)
 
412

Foreign currency translation (c)
 
(298
)
Balance, September 30, 2018
 
$
16,388

(b) Measurement period adjustment was recorded to goodwill on the Condensed Consolidated Balance Sheet.
(c) These amounts are recorded in the caption Other (income) expenses, net on the Condensed Consolidated Statements of Operations.