Business Combinations (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Recognized Identified Assets Acquired In Business Combination

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the Hudson acquisition:



Net assets acquired:
Goodwill	$	238.3
Identifiable intangible assets	211.0
Accounts receivable	34.6
Property, plant and equipment	29.4
Inventories	26.5
Other current assets	8.1
Unbilled contract revenue	4.9
Other assets	2.9
Prepaid expenses	0.9
Deferred tax liabilities	(87.6		)
Accounts payable	(21.2		)
Customer advances and billings in excess of contract revenue	(17.4		)
Accrued salaries, wages and benefits	(4.4		)
Other current liabilities	(3.8		)
Other long-term liabilities	(1.9		)
Current portion of warranty reserve	(0.8		)
Net assets acquired	$	419.5

Identifiable Intangible Assets Acquired

Information regarding identifiable intangible assets acquired in the Hudson acquisition is presented below:



	Weighted-average Estimated Useful Life	Preliminary Estimated Asset Fair Value
Finite-lived intangible assets:
Customer relationships	13 years	$	122.1
Unpatented technology	10 years	18.3
Customer backlog	2 years	1.3
Total finite-lived intangible assets acquired	12 years	141.7
Indefinite-lived intangible assets:
Trademarks and trade names		69.3
Total identifiable intangible assets acquired		$	211.0

Pro Forma Disclosures

The following table presents pro forma sales, net income attributable to the Company, and net income attributable to the Company per common share data assuming Hudson was acquired before the beginning of the 2017 fiscal year, and assuming effective tax rates of 35%:



	Three Months Ended June 30, 2017		Six Months Ended June 30, 2017
Pro forma sales	$	289.8	$	541.7
Pro forma net income attributable to Chart Industries, Inc.	4.1		1.4

Pro forma net income attributable to Chart Industries, Inc. per common share, basic	$	0.14	$	0.05
Pro forma net income attributable to Chart Industries, Inc. per common share, diluted	$	0.14	$	0.05