Note 3. Business Combinations On January 30, 2012, the Company acquired 100% of the outstanding stock of UFC Aerospace Corp. ( UFC ), a provider of complex supply chain management and inventory logistics solutions, for a net purchase price of approximately $404.7 in cash. The transaction was accounted for as a purchase under FASB ASC 805, Business Combinations ( ASC 805 ). The assets purchased and liabilities assumed for this acquisition have been reflected in the accompanying condensed consolidated balance sheet as of June 30, 2012 and the results of operations for this acquisition are included in the accompanying condensed consolidated statement of earnings and comprehensive income from the date of acquisition. In June 2012, the Company entered into an agreement to acquire Interturbine Aviation Logistics GmbH, Interturbine Logistics Solutions and Interturbine Technologies GmbH (collectively Interturbine), a provider of material management logistical services to global airlines and maintenance, repair and overhaul ( MRO ) providers, in a ¬200 million all cash transaction. Interturbine supplies fasteners, cables and wires, electronic components, electrical and electromechanical materials, tools, hot bonding equipment and ground equipment to its primary customer base of airlines and MRO providers globally. The Company received approval from the regulators earlier than anticipated and, as a result, this transaction has now closed. The Company has not yet completed the evaluation and allocation of the purchase price for the UFC acquisition as management s assessment of the valuation of certain assets and liabilities is not yet complete. The Company does not believe that the final allocation will materially modify the preliminary purchase price allocation. The following table summarizes the preliminary estimates of fair values of assets acquired and liabilities assumed in accordance with ASC 805, which are currently recorded based on management s estimates as follows: Accounts receivable-trade $ 26.6 Inventories 66.5