Quarterly report pursuant to Section 13 or 15(d)

Acquisitions Schedule of assets acquired, liabilities assumed and cash consideration paid (Tables)

v3.4.0.3
Acquisitions Schedule of assets acquired, liabilities assumed and cash consideration paid (Tables)
3 Months Ended
Apr. 02, 2016
Table Text Block Supplement [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table is a summary of the assets acquired, liabilities assumed and net cash consideration paid for the Cybex acquisition during 2016:
(in millions)
Fair Value (B)
 
Useful Life
Accounts and notes receivable
$
25.9

 
 
Inventory
13.5

 
 
Goodwill (A)
81.9

 
 
Trade names
38.6

 
Indefinite
Customer relationships
41.8

 
16 years
Patents and proprietary technology
3.1

 
5 years
Property and equipment
39.8

 
 
Other assets
6.0

 
 
Total assets acquired
250.6

 

Total liabilities assumed
55.6

 
 
Net cash consideration paid
$
195.0

 
 

(A) The goodwill recorded for the acquisition of Cybex is not deductible for tax purposes.
(B) Due to the recent timing of this acquisition, these amounts are preliminary and are subject to change within the measurement period as the Company finalizes its fair value estimates.