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Acquisitions (Tables) (Alexco)
12 Months Ended
Dec. 31, 2013
Alexco
 
Business Acquisition  
Allocation of purchase price
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

Backlog
0.3

Trademark and trade name
0.4

Goodwill
34.1

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

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:
 
Year Ended
 
December 31,
 
2011
 
2010
Net sales (combined)
$
1,301.3

 
$
1,110.7

Net income (combined)
$
25.1

 
$
16.9

Basic earnings per share (combined)
$
1.32

 
$
0.87

Diluted earnings per share (combined)
$
1.32

 
$
0.87

Select financial data relating to acquisition
The following information presents select financial data relating to the Chandler, Arizona (Extrusion) facility, as included within the Company's consolidated operating results for 2013, 2012 and 2011.
 
Year Ended
 
December 31,
 
2013
 
2012
 
2011
Net sales
$
39.5

 
$
44.5

 
$
42.8

Net income before income taxes
$
6.3

 
$
9.0

 
$
10.5