Business Combinations (Tables)

3 Months Ended

Mar. 31, 2014

Recognition Based on Preliminary Analysis of Provisional Amounts

Based on our preliminary analysis of the provisional amounts of the transaction at December 31, 2013 we recognized the following:

	Amount
	(In millions)
Consideration:
Cash	$	5.3
Promissory note payable		19.1
Deferred payment, obligation ($11.1 million face value)		8.2
Total fair value of consideration		32.6
Fair value of existing equity interest in BMI and LandWell		43.4
Bargain purchase gain recognized		28.0
Preliminary total	$	104.0
Preliminary allocation of purchase price to identifiable assets acquired and liabilities assumed:
Cash	$	27.4
Land held for development:
Current		14.3
Noncurrent		158.1
Other current assets		9.4
Property, plant and equipment		29.0
Other noncurrent assets		8.5
Long-term debt		(14.3	)
Other liabilities		(66.9	)
Total net identifiable assets		165.5
Noncontrolling interest in BMI and LandWell		(61.5	)
Preliminary total	$	104.0