Business Combinations and Goodwill (Tables)

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes recognized amounts of identifiable assets acquired and liabilities assumed at the acquisition date (in millions of dollars):

Accounts receivable	$	2.7
Inventory	3.4
Property, plant and equipment	4.1
Identifiable intangible assets with definite lives	9.1
Goodwill	24.6
Accounts payable and other current liabilities	(0.6		)
Consideration paid, net of cash received	$	43.3

Schedule of Goodwill

Goodwill. The following table presents the changes to goodwill during the nine months ended September 30, 2018 (in millions of dollars):

	December 31, 2017			Increases to Goodwill1		September 30, 2018
Goodwill	$	37.2		$	24.6	$	61.8
Accumulated impairment loss	(18.4		)	—		(18.4		)
Carrying value	$	18.8		$	24.6	$	43.4

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¹ 

The goodwill of $24.6 million arising from the acquisition of IMT after allocating the consideration paid, net of cash received, to all other identifiable assets is expected to be deductible for income tax purposes over the next 15 years.