Quarterly report pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.10.0.1
Acquisition (Tables)
6 Months Ended
Jun. 30, 2018
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
 
 
As of
(in millions)
 
June 30, 2018
Purchase price to allocate
 
$
41.6

 
 
 
Fair value of assets acquired and liabilities assumed:
 
 
Accounts receivable
 
$
16.9

Inventories
 
30.6

Prepaid expenses and other current assets
 
0.3

Property, plant and equipment
 
5.7

Intangible assets
 
1.7

Other noncurrent assets
 
0.1

Accounts payable
 
(8.1
)
Accrued liabilities
 
(4.0
)
Capital lease liability
 
(1.7
)
Total fair value of assets acquired and liabilities assumed
 
$
41.5

 
 
 
Goodwill
 
$
0.1

Business Acquisition, Pro Forma Information
The following unaudited pro forma results of operations reflect the November 1, 2017 Alumet acquisition as if it had occurred on January 1, 2017. The pro forma information is not necessarily indicative of the results that actually would have occurred, nor does it indicate future operating results.
(in millions, except per share data)
Three Months Ended June 30, 2017
 
Six Months Ended June 30, 2017
Net sales:
 
 
 
As reported
$
374.8

 
$
794.3

Pro forma
409.4

 
861.0

Net income attributable to Global Brass and Copper Holdings, Inc.:
 
 
 
As reported
$
15.7

 
$
33.2

Pro forma
17.0

 
35.4

Net income attributable to Global Brass and Copper Holdings, Inc. per common share - Basic:
 
 
 
As reported
$
0.72

 
$
1.54

Pro forma
$
0.78

 
$
1.64

Net income attributable to Global Brass and Copper Holdings, Inc. per common share - Diluted:
 
 
 
As reported
$
0.71

 
$
1.50

Pro forma
$
0.77

 
$
1.60