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Acquisitions (Tables)
9 Months Ended
Sep. 30, 2011
Alexco [Member]
 
Business Acquisition [Line Items] 
Summary of estimated fair value and recognized amounts of assets and liabilities assumed
The following table summarizes recognized amounts of identifiable assets acquired and liabilities assumed at the effective date of the acquisition:
Allocation of purchase price:
 
Cash
$
4.9

Accounts receivable, net
3.6

Inventory
6.6

Property, plant and equipment
4.5

Definite-lived intangible assets:
 
Customer relationships
34.7

Order backlog
0.3

Trademark and trade name
0.4

Goodwill
34.1

Accounts payable and other current liabilities
(1.0
)
Total consideration paid
$
88.1

Business acquisition, pro forma information
The following pro forma data does not purport to be indicative of the results of future operations or of the results that would have actually occurred had the acquisition taken place at the beginning of 2010:
 
Quarter Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
Net sales (combined)1
$
322.3

 
$
271.9

 
$
983.7

 
$
837.6

Net income (combined)1
$
4.4

 
$
6.8

 
$
20.2

 
$
18.4

Basic earnings per share (combined)1
$
0.23

 
$
0.36

 
$
1.06

 
$
0.94

Diluted earnings per share (combined)1
$
0.23

 
$
0.36

 
$
1.06

 
$
0.94

______________________
1 
The combined results for the quarter and nine months ended September 30, 2011 are as presented in the Statement of Consolidated Income for such periods, reflecting the January 1, 2011 effective date of the Alexco acquisition (see Note 1).
Select financial data (Net sales and net income before income taxes)
The following information presents select financial data relating to the Chandler, Arizona (Extrusion) facility, as included within the Company’s consolidated operating results for each period presented:
 
Quarter Ended
 
Nine Months Ended
 
September 30, 2011
 
September 30, 2011
Net sales
$
11.2

 
$
32.3

Net income before income taxes
$
2.8

 
$
8.2

Nichols [Member]
 
Business Acquisition [Line Items] 
Summary of estimated fair value and recognized amounts of assets and liabilities assumed
The following table summarizes recognized amounts of identifiable assets acquired and liabilities assumed at the acquisition date:
Allocation of purchase price:
 
Inventory
$
3.9

Other current assets
2.3

Property, plant and equipment
4.2

Definite lived intangible assets
4.3

Goodwill
3.1

Accounts payable and other current liabilities
(2.1
)
Total consideration paid
$
15.7