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Acquisitions (Tables)
9 Months Ended
Jul. 31, 2014
Business Combinations [Abstract]  
Final Purchase Price and Related Allocations
The following table summarizes the allocation of consideration transferred to acquire Air Serv, HHA, Alpha, Calvert-Jones, Blackjack, and BEST and the amounts of identified assets acquired and liabilities assumed at the acquisition dates. For the Alpha acquisition, the purchase price allocation is subject to a working capital adjustment and other items, within the measurement period, not to exceed one year from the acquisition date.
(in millions)
Air Serv
 
HHA
 
Alpha
 
Calvert-Jones
 
Blackjack
 
BEST
Purchase price:
 
 
 
 
 
 
 
 
 
 
 
Cash consideration
$
162.9

 
$
33.7

 
$
12.3

 
$
6.1

 
$
5.2

 
$
2.9

Fair value of contingent consideration liability

 

 

 

 

 
1.6

Holdback liability

 

 

 

 

 
0.4

Total consideration
$
162.9

 
$
33.7

 
$
12.3

 
$
6.1

 
$
5.2

 
$
4.9

 
 
 
 
 
 
 
 
 
 
 
 
Allocated to:
 
 
 
 
 
 
 
 
 
 
 
Trade accounts receivable (1)
$
52.7

 
$
3.2

 
$
3.4

 
$
1.4

 
$
4.6

 
$
1.2

Other current and noncurrent assets
16.2

 
2.2

 
1.4

 
0.3

 
0.2

 

Property, plant and equipment
16.7

 
0.1

 
0.5

 
0.1

 
0.3

 
0.6

Other intangible assets (2)
44.6

 
15.0

 
3.3

 
2.6

 
0.9

 
1.4

Goodwill (3)
88.8

 
23.8

 
6.8

 
4.0

 
1.8

 
1.9

Total assets acquired
219.0

 
44.3

 
15.4

 
8.4

 
7.8

 
5.1

Liabilities assumed
(56.1
)
 
(10.6
)
 
(3.1
)
 
(2.3
)
 
(2.6
)
 
(0.2
)
Net assets acquired
$
162.9

 
$
33.7

 
$
12.3

 
$
6.1

 
$
5.2

 
$
4.9


(1) Represents fair value of trade accounts receivable, which for each of the Air Serv and BEST acquisitions includes a $0.4 million adjustment to gross contractual amounts that are expected to be uncollectible. The fair values of trade accounts receivable acquired in the HHA, Alpha, Calvert-Jones, and Blackjack acquisitions approximate their respective contractual amounts.
(2) The following table summarizes the weighted-average useful lives in years of the acquired other intangible assets, consisting primarily of customer contracts and relationships, for each respective acquisition:
Air Serv
 
HHA
 
Alpha
 
Calvert-Jones
 
Blackjack
 
BEST
14
 
13
 
9
 
12
 
11
 
9

(3) The total amount of goodwill that is deductible for tax purposes is $25.4 million.
Weighted-Average Useful Lives of Acquired Other Intangible Assets
The following table summarizes the weighted-average useful lives in years of the acquired other intangible assets, consisting primarily of customer contracts and relationships, for each respective acquisition:
Air Serv
 
HHA
 
Alpha
 
Calvert-Jones
 
Blackjack
 
BEST
14
 
13
 
9
 
12
 
11
 
9