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GOODWILL AND OTHER ACQUIRED INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2014
Activity in Goodwill
Six Months Ended June 30, 2014
MISMAConsolidated
Gross goodwillAccumulated impairment chargeNet goodwillGross goodwillAccumulated impairment chargeNet goodwillGross goodwillAccumulated impairment chargeNet goodwill
Balance at beginning of year$ 11.4$ -$ 11.4$ 666.0$ (12.2)$ 653.8$ 677.4$ (12.2)$ 665.2
Additions/adjustments 294.6 - 294.6 (5.3) - (5.3) 289.3 - 289.3
Foreign currency translation adjustments 0.2 - 0.2 0.5 - 0.5 0.7 - 0.7
Ending balance$ 306.2$ -$ 306.2$ 661.2$ (12.2)$ 649.0$ 967.4$ (12.2)$ 955.2
Year ended December 31, 2013
MISMAConsolidated
Gross goodwillAccumulated impairment chargeNet goodwillGross goodwillAccumulated impairment chargeNet goodwillGross goodwillAccumulated impairment chargeNet goodwill
Balance at beginning of year$ 11.5$ -$ 11.5$ 637.8$ (12.2)$ 625.6$ 649.3$ (12.2)$ 637.1
Additions - - - 34.5 - 34.5 34.5 - 34.5
Foreign currency translation adjustments (0.1) - (0.1) (6.3) - (6.3) (6.4) - (6.4)
Ending balance$ 11.4$ -$ 11.4$ 666.0$ (12.2)$ 653.8$ 677.4$ (12.2)$ 665.2
Acquired Intangible Assets and Related Amortization
June 30,December 31,
20142013
Customer relationships$ 272.0$ 237.4
Accumulated amortization (93.5) (86.6)
Net customer relationships 178.5 150.8
Trade secrets 31.0 31.1
Accumulated amortization (19.7) (18.5)
Net trade secrets 11.3 12.6
Software 72.5 71.0
Accumulated amortization (42.7) (38.8)
Net software 29.8 32.2
Trade names 81.3 31.3
Accumulated amortization (12.5) (11.7)
Net trade names 68.8 19.6
Other 42.9 26.1
Accumulated amortization (20.8) (19.7)
Net other 22.1 6.4
Total acquired intangible assets, net$ 310.5$ 221.6
Amortization Expense Relating to Acquired Intangible Assets
Three Months EndedSix Months Ended
June 30,June 30,
2014201320142013
Amortization expense$ 6.3$ 6.9$ 13.6$ 14.0
Estimated Future Amortization Expense for Acquired Intangible Assets Subject to Amortization
Year Ending December 31,
2014 (after June 30,)$ 12.3
2015 24.2
2016 23.5
2017 19.9
2018 15.1
Thereafter 114.1