Acquisitions (Tables)

3 Months Ended

Mar. 31, 2019

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:

	Final Valuation
(In millions)	June 30 2018			Measurement Period Adjustments (a)		March 31 2019
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			1.6		22.5
Net deferred tax liabilities	(8.5		)	—		(8.5		)
Other liabilities	(0.3		)	—		(0.3		)
Total identifiable net assets of Altek	$	68.1		$	2.0	$	70.1

(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, December 31, 2018	$	8,420
Fair value adjustment (b)	369
Foreign currency translation	186
Balance, March 31, 2019	$	8,975

(b) These amounts are recorded in the caption Other expenses, net on the Condensed Consolidated Statements of Operations.