Acquisitions and Dispositions (Tables)

9 Months Ended

Sep. 30, 2014

Business Acquisition [Line Items]

Components of loss from discontinued operations

The components of our loss from discontinued operations for the three and nine months ended September 30, 2013 are presented below:

	Three Months Ended   September 30, 2013			Nine Months Ended   September 30, 2013
Revenue:
Services	$	—		$	1.8
Operating expenses:
Cost of services (1)	0.1			3.0
Selling, general and administrative	—			1.0
Depreciation and amortization	—			0.5
Loss from discontinued operations	(0.1		)	(2.7		)
Other expense	—			—
Gain on sale of assets	—			0.8
Income tax benefits	—			0.3
Net loss from discontinued operations	$	(0.1	)	$	(1.6	)

(1) Exclusive of depreciation and amortization.

WMS Acquisition

Business Acquisition [Line Items]

Allocation of the purchase price to the estimated fair values of assets acquired and liabilities assumed

	At October 18, 2013
Current assets	$	503.9
Long-term notes receivable	76.2
Property, plant and equipment, net	465.8
Goodwill	381.8
Intangible assets	325.0
Intellectual property	201.2
Other long-term assets	7.8
Total assets	1,961.7
Current liabilities	(158.9		)
Deferred income taxes	(166.6		)
Long-term liabilities	(150.3		)
Total liabilities	(475.8		)
Total equity purchase price	$	1,485.9

Unaudited pro forma financial information

The unaudited pro forma financial information does not reflect (1) any anticipated synergies (or costs to achieve anticipated synergies) or (2) the impact of non-recurring items directly related to the WMS acquisition.

	Three Months Ended   September 30, 2013		Nine Months Ended   September 30, 2013
Revenue from Consolidated Statements of Operations and Comprehensive (Loss) Income	$	234.4	$	689.0
Add: WMS revenue not reflected in Consolidated Statements of Operations and Comprehensive (Loss) Income	166.4		547.1
Unaudited pro forma revenue	$	400.8	$	1,236.1

	Three Months Ended   September 30, 2013			Nine Months Ended   September 30, 2013
Net loss from continuing operations from Consolidated Statements of Operations and Comprehensive (Loss) Income	$	(0.4	)	$	(25.1	)
Add: WMS net loss from continuing operations not reflected in Consolidated Statements of Operations and Comprehensive (Loss) Income plus pro forma adjustments (1), (2), (3) and (4) below	(25.4		)	(45.0		)
Unaudited pro forma net loss from continuing operations	$	(25.8	)	$	(70.1	)

Unaudited pro forma amounts reflect the following adjustments:

(1) An adjustment to reflect additional D&A of $8.4 million and $28.9 million for the three and nine months ended September 30, 2013, respectively, that would have been incurred assuming the fair value adjustments to intangible assets and property and equipment had been applied on January 1, 2012.

(2) An adjustment to reverse acquisition-related fees and expenses of $3.5 million and $20.5 million for the three and nine months ended September 30, 2013, respectively.

(3) An adjustment to reflect additional interest expense of $20.4 million and $61.0 million for the three and nine months ended September 30, 2013, respectively, that would have been incurred assuming our new credit facilities were in place as of January 1, 2012.

(4) An adjustment of $0.5 million and $3.0 million to reverse the U.S. tax benefit and expense of WMS for the three and nine months ended September 30, 2013, respectively, under the assumption that the U.S. taxable income of WMS would have been offset by U.S. tax attributes of the Company.