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Acquisitions and Divestitures (Tables)
6 Months Ended
Jun. 30, 2013
Business Combinations [Abstract]  
Acquisition and divestiture activity
The Company's acquisition and divestiture activity is summarized below:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2013
 
2012
 
2013
 
2012
 
(in millions)
Acquisition:
 
 
 
 
 
 
 
Purchase price
$
29.6

 
$
2.0

 
$
83.4

 
$
2.0

Net cash paid
$
28.1

 
$

 
$
37.2

 
$

Goodwill recorded
$
7.0

 
$
0.8

 
$
9.5

 
$
0.8

 
 
 
 
 
 
 
 
Divestiture:
 
 
 
 
 
 
 
Proceeds
$

 
$
2.1

 
$
35.6

 
$
2.1

Gain recognized
$
0.1

 
$
1.5

 
$
12.5

 
$
1.5

Goodwill charged off
$

 
$
0.1

 
$
4.8

 
$
0.1

Assets and liabilities classified as held for sale and discontinued operations and condensed results of operations for the ready-mix concrete operations
Further, assets and liabilities related to the discontinued operations have been classified as Assets/Liabilities Held for Sale and Discontinued Operations in the accompanying consolidated balance sheets as follows:
 
June 30,
2013
 
December 31,
2012
 
(in millions)
Assets of Ready-Mix Concrete Operations:
 
 
 
Inventories
$

 
$
4.5

Property, plant, and equipment, net

 
16.9

Goodwill

 
6.3

Other

 
0.2

 
$

 
$
27.9

Liabilities of Ready-Mix Concrete Operations:
 
 
 
Debt
$

 
$
3.7

 
$

 
$
3.7


Condensed results of operations for the ready-mix concrete operations for the three and six months ended June 30, 2013 and 2012 are as follows:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2013
 
2012
 
2013
 
2012
 
(in millions)
Revenues
$

 
$
32.8

 
$
31.6

 
$
61.9

 
 
 
 
 
 
 
 
Income (loss) from discontinued operations before income taxes
$
(1.6
)
 
$
2.3

 
$
(2.3
)
 
$
2.1

Income tax expense (benefit)
(0.5
)
 
0.9

 
(0.8
)
 
0.8

Net income (loss) from discontinued operations
$
(1.1
)
 
$
1.4

 
$
(1.5
)
 
$
1.3