Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Preliminary Purchase Price Allocation

The purchase price allocation for PTS was as follows (in millions):



	As of January 30, 2015
Current Assets	$	22.5
Trade Receivables	67.2
Inventories	108.8
Property, Plant and Equipment	184.4
Intangible Assets	648.2
Goodwill	564.3
Total Assets Acquired	1,595.4
Accounts Payable	57.2
Current Liabilities Assumed	32.3
Long-Term Liabilities Assumed	97.0
Net Assets Acquired	$	1,408.9

Components of Intangible Assets Included as Part of Acquisition

The components of Intangible Assets included as part of the PTS acquisition was as follows (in millions):



	Weighted Average Amortization Period (Years)	Gross Value
Amortizable Intangible Assets
Customer Relationships	17.0	$	462.8
Technology	14.5	63.5
Intangible Assets Subject to Amortization	16.7	526.3
Non-Amortizable Intangible Assets
Trade Names	-	121.9
Intangible Assets		$	648.2

Schedule of Pro Forma Financial Information

The pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of the operating results that would have been achieved had the acquisition been completed as of the date indicated or the results that may be obtained in the future (in millions, except per share amounts):



	Fiscal 2015		Fiscal 2014
Pro Forma Net Sales	$	3,558.3	$	3,864.4
Pro Forma Net Income Attributable to the Company	174.8		63.1

Basic Earnings Per Share as Reported	$	3.21	$	0.69
Pro Forma Basic Earnings Per Share	3.91		1.40

Diluted Earnings Per Share as Reported	$	3.18	$	0.69
Pro Forma Diluted Earnings Per Share	3.88		1.39

Benshaw [Member]

Business Acquisition [Line Items]

Schedule of Preliminary Purchase Price Allocation

The purchase price allocation for Benshaw was as follows (in millions):



	As of June 30, 2014
Current Assets	$	0.5
Trade Receivables	10.4
Inventories	22.4
Property, Plant and Equipment	4.5
Intangible Assets, Subject to Amortization	14.6
Goodwill	4.7
Total Assets Acquired	57.1
Accounts Payable	3.7
Current Liabilities Assumed	2.2
Long-Term Liabilities Assumed	0.2
Net Assets Acquired	$	51.0

Hy-Bon [Member]

Business Acquisition [Line Items]

Schedule of Preliminary Purchase Price Allocation

The purchase price allocation for Hy-Bon was as follows (in millions):



	As of February 7, 2014
Current Assets	$	1.7
Trade Receivables	11.5
Inventories	14.3
Property, Plant and Equipment	8.1
Intangible Assets, Subject to Amortization	13.4
Goodwill	40.6
Other Assets	0.1
Total Assets Acquired	89.7
Accounts Payable	5.5
Current Liabilities Assumed	5.1
Long-Term Liabilities Assumed	1.1
Net Assets Acquired	$	78.0

Benshaw, Hy-Bon, Cemp and RAM [Member]

Business Acquisition [Line Items]

Schedule of Pro Forma Financial Information

The pro forma financial information is presented for illustrative purposes only and is not necessarily indicative of the operating results that would have been achieved had the acquisitions been completed as of the date indicated or the results that may be obtained in the future (in millions, except per share amounts):



	Fiscal 2014
Pro Forma Net Sales	$	3,291.2
Pro Forma Net Income Attributable to the Company	28.8

Basic Earnings Per Share as Reported	$	0.69
Pro Forma Basic Earnings Per Share	0.64

Diluted Earnings Per Share as Reported	$	0.69
Pro Forma Diluted Earnings Per Share	0.64