Annual report pursuant to Section 13 and 15(d)

Acquisitions Summary of the net cash consideration paid and the goodwill and intangible assets assets acquired (Tables)

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Acquisitions Summary of the net cash consideration paid and the goodwill and intangible assets assets acquired (Tables)
 12 Months Ended
Dec. 31, 2015
Summary of the net cash consideration paid and the goodwill and intangible assets assets acquired [Abstract]  
Summary of the net cash consideration paid and the goodwill and intangible assets assets acquired [Table Text Block]
The following table is a summary of the net cash consideration paid and the goodwill and intangible assets assets acquired during the years ended December 31, 2015 and 2014:

(in millions)
 
 
 
 
 
Fair Value of Identifiable Intangible Assets Acquired
 
 
Year
 
Net Cash Consideration Paid
 
Goodwill (A)
 
Total
 
Intangible Asset
 
Useful Life
2015 (B)
 
$29.7
 
$3.5
 
$13.4
 
Trade names
 
$6.5
 
Indefinite
 
 
 
 
 
 
 
 
Customer relationships
 
6.1
 
7 years
 
 
 
 
 
 
 
 
Patents and proprietary technology
 
0.8
 
5 years
2014 (C)
 
41.5
 
8.8
 
13.9
 
Trade names
 
3.7
 
Indefinite
 
 
 
 
 
 
 
 
Customer relationships
 
8.1
 
7-14 years
 
 
 
 
 
 
 
 
Patents and proprietary technology
 
2.1
 
5 years

(A) The goodwill recorded for the acquisitions of SCIFIT and Whale is not deductible for tax purposes, but is deductible for Bell.
(B) Due to the recent timing of certain acquisitions, these amounts are preliminary and are subject to change within the measurement period as the Company finalizes its fair value estimates.
(C) The net cash consideration paid to acquire Whale included payments at close of $10.0 million to retire acquiree debt.