Quarterly report pursuant to Section 13 or 15(d)

TDX GROUP ACQUISITION (Tables)

v2.4.0.8
TDX GROUP ACQUISITION (Tables)
3 Months Ended
Mar. 31, 2014
Business Combinations [Abstract]  
Estimated Value of Net Assets Acquired and Liabilities Assumed at Acquisition Dates
Estimates for these items have been included in the purchase price allocations and will be finalized prior to the one year anniversary date of the acquisition.
 
 
 
March 31,
 
 
 
2014
 
 
 
(In millions)
 
Current assets
 
$
12.6
 
Property and equipment
 
 
3.6
 
Identifiable intangible assets (1)
 
 
111.9
 
Goodwill (2)
 
 
230.7
 
Total assets acquired
 
 
358.8
 
Total liabilities assumed
 
 
(36.0)
 
Net assets acquired
 
$
322.8
 
 
 
(1)
   Identifiable intangible assets are further disaggregated in the table below.
 
 
(2)
    None of the goodwill resulting from the 2014 TDX Group acquisition is tax deductible.
Acquired Intangible Assets Fair Value and Weighted-Average Useful Life
Intangible asset category
 
Fair value
Weighted-
average
remaining
useful life
 
 
 
(in millions)
 
 
(in years)
 
Customer relationships
 
$
69.5
 
 
10.0
 
Technology
 
 
18.7
 
 
5.0
 
Non-compete agreements
 
 
12.6
 
 
2.4
 
Trade names
 
 
11.1
 
 
10.0
 
Total acquired intangibles
 
$
111.9