Business Combinations (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired in Business Combination

The following table summarizes the fair value of the assets acquired in the LAT acquisition at the acquisition date:

Net assets acquired:
Identifiable intangible assets	$	43.7
Goodwill (1)	42.3
Other assets (1)	4.2
Property, plant and equipment	2.6
Cash and cash equivalents	1.4
Liabilities	(16.2)
Net assets acquired	$	78.0

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(1)As previously reported in our Annual Report on Form 10-K for the year ended December 31, 2021, we reported goodwill, other assets and liabilities of $42.1, $4.6 and $16.4, respectively. During the first nine months of 2022, we recorded purchase price adjustments that increased goodwill by $0.2, decreased other assets by $0.4 and decreased liabilities by $0.2.

Schedule of Identifiable Intangible Assets Acquired

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

	Weighted-average Estimated Useful Life	Fair Value
Finite-lived intangible assets acquired:
Unpatented technology	14.5 years	$	33.4
Customer relationships	14.5 years	1.5
Backlog	2.5 years	0.7
Other identifiable intangible assets (1)	3.4 years	0.2
Total finite-lived intangible assets acquired	14.2 years	35.8
Indefinite-lived intangible assets acquired:
Trademarks and trade names		7.9
Total intangible assets acquired		$	43.7

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(1)Other identifiable intangible assets is included in “Patents and other” in Note 6, “Goodwill and Intangible Assets.”

Schedule of Changes in Contingent Consideration

The following table represents the changes to our contingent consideration liabilities:

	SES		BIG		Total
Balance at December 31, 2021	$	19.1	$	2.1	$	21.2
Decrease in fair value of contingent consideration liabilities	(1.7)		(1.0)		(2.7)
Balance at September 30, 2022	$	17.4	$	1.1	$	18.5