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Business Acquisitions, Goodwill and Acquired Intangible Assets (Tables)
 12 Months Ended
Jan. 03, 2016
Business Combinations [Abstract]  
Purchase Price Goodwill Acquired and Intangible Assets Acquired for the Acquisitions
The following tables show the purchase price (net of cash acquired), goodwill acquired and intangible assets acquired for the acquisitions made in 2015 and 2014 (in millions):
 
 
2015
Name
 
Acquisition Date
 
Cash Paid (a)
 
Goodwill Acquired
 
Acquired Intangible Assets
Bowtech
 
February 2, 2015
 
$
18.9

 
$
7.0

 
$
4.3

ICM
 
June 5, 2015
 
21.8

 
19.2

 
5.8

Purchase of remaining interest of Optech
 
April 29, 2015
 
22.0

 
—

 
—

Other investments
 
 
 
4.0

 
1.4

 
0.9

 
 
 
 
$
66.7

 
$
27.6

 
$
11.0

(a) net of any cash acquired.
 
 
 
 
 
 
 
 
 
 
2014
Name
 
Acquisition Date
 
Cash Paid (a)
 
Goodwill
 Acquired
 
Acquired
Intangible
 Assets
Photon
 
March 30, 2014
 
$
2.9

 
$
1.4

 
$
1.5

Atlas
 
August 17, 2014
 
5.2

 
3.6

 
0.8

Bolt
 
November 18, 2014
 
171.0

 
128.8

 
41.5

Oceanscience
 
October 22, 2014
 
14.7

 
9.0

 
4.4

Other investments
 
 
 
2.0

 
—

 
—

 
 
 
 
$
195.8

 
$
142.8

 
$
48.2

(a) net of any cash acquired.
 
 
 
 
 
 
 
 

Estimated fair values allocated to the assets acquired and liabilities assumed (in millions):
 
2015
 
2014
Current assets, excluding cash acquired
 
$
8.5

 
$
34.0

Property, plant and equipment
 
9.8

 
8.7

Goodwill
 
27.6

 
142.8

Other acquired intangible assets
 
11.0

 
48.2

Other long-term assets
 
1.9

 
5.3

Total assets acquired
 
58.8

 
239.0

Current liabilities
 
(5.1
)
 
(26.0
)
Long-term liabilities
 
(9.0
)
 
(17.2
)
Total liabilities assumed
 
(14.1
)
 
(43.2
)
Noncontrolling interests (a)
 
22.0

 
—

Cash paid, net of cash acquired
 
$
66.7


$
195.8

(a) relates to the purchase of the remaining interest in Optech.
Estimated Fair Values of the Assets Acquired and Liabilities
Estimated fair values allocated to the assets acquired and liabilities assumed (in millions):
 
2015
 
2014
Current assets, excluding cash acquired
 
$
8.5

 
$
34.0

Property, plant and equipment
 
9.8

 
8.7

Goodwill
 
27.6

 
142.8

Other acquired intangible assets
 
11.0

 
48.2

Other long-term assets
 
1.9

 
5.3

Total assets acquired
 
58.8

 
239.0

Current liabilities
 
(5.1
)
 
(26.0
)
Long-term liabilities
 
(9.0
)
 
(17.2
)
Total liabilities assumed
 
(14.1
)
 
(43.2
)
Noncontrolling interests (a)
 
22.0

 
—

Cash paid, net of cash acquired
 
$
66.7


$
195.8

(a) relates to the purchase of the remaining interest in Optech.
Acquired Intangible Assets
The following table is a summary at the acquisition date of the acquired intangible assets and weighted average useful life in years for the acquisitions made in 2015 and 2014 (dollars in millions):
 
 
2015
 
2014
Intangibles subject to amortization:
 
Intangible Assets
 
Weighted average useful life in years
 
Intangible Assets
 
Weighted average useful life in years
Proprietary technology
 
$
5.7

 
9.9
 
$
18.4

 
11.0
Customer list/relationships
 
3.0

 
8.3
 
21.4

 
11.3
Backlog
 
—

 
n/a
 
0.8

 
0.3
Total intangibles subject to amortization
 
8.7

 
9.4
 
40.6

 
11.0
 
 
 
 
 
 
 
 
 
Intangibles not subject to amortization:
 
 
 
 
 
 
 
 
Trademarks
 
2.3

 
n/a
 
7.6

 
n/a
Total intangibles not subject to amortization
 
2.3

 
n/a
 
7.6

 
n/a
Total acquired intangible assets
 
$
11.0

 
n/a
 
$
48.2

 
n/a
 
 
 
 
 
 
 
 
 
Goodwill
 
$
27.6

 
n/a
 
$
142.8

 
n/a
Summary of Changes in the Carrying Value of Goodwill

Goodwill (in millions):
 
Instrumentation
 
Digital Imaging
 
Aerospace and Defense Electronics
 
Engineered Systems
 
Total
Balance at December 29, 2013
 
$
549.5

 
$
318.5

 
$
145.6

 
$
24.2

 
$
1,037.8

Current year acquisitions
 
142.8

 
—

 
—

 
—

 
142.8

Foreign currency changes
 
(12.2
)
 
(16.3
)
 
(1.1
)
 
(0.4
)
 
(30.0
)
Balance at December 28, 2014
 
680.1

 
$
302.2

 
$
144.5

 
$
23.8

 
$
1,150.6

Current and prior year acquisitions (a)
 
11.8

 
19.2

 
—

 
—

 
31.0

Foreign currency changes
 
(11.1
)
 
(28.9
)
 
(1.0
)
 
(0.4
)
 
(41.4
)
Balance at January 3, 2016
 
$
680.8

 
$
292.5

 
$
143.5

 
$
23.4

 
$
1,140.2


(a) Includes $3.4 million related to the completion of the Bolt purchase price allocation in 2015.
Summary of Carrying Value of Other Acquired Intangible Assets
 
  
2015
 
2014
  
  
Gross carrying amount
 
Accumulated amortization
 
Net carrying amount
 
Gross carrying amount
 
Accumulated amortization
 
Net carrying amount
Other acquired intangible assets (in millions):
  
 
 
 
 
 
 
 
 
 
 
 
Proprietary technology
  
$
198.6

 
$
114.2

 
$
84.4

 
$
202.8

 
$
99.7

 
$
103.1

Customer list/relationships
  
114.3

 
58.8

 
55.5

 
117.6

 
51.0

 
66.6

Patents
  
0.7

 
0.6

 
0.1

 
0.7

 
0.6

 
0.1

Non-compete agreements
  
0.9

 
0.9

 
—

 
0.9

 
0.9

 
—

Trademarks
  
3.4

 
2.1

 
1.3

 
3.4

 
1.9

 
1.5

Backlog
  
12.5

 
12.5

 
—

 
13.2

 
12.7

 
0.5

Other acquired intangible assets subject to amortization
  
330.4

 
189.1

 
141.3

 
338.6

 
166.8

 
171.8

Other acquired intangible assets not subject to amortization
  
 
 
 
 
 
 
 
 
 
 
 
Trademarks
  
102.0

 
—

 
102.0

 
105.8

 
—

 
105.8

Total other acquired intangible assets:
  
$
432.4

 
$
189.1

 
$
243.3

 
$
444.4

 
$
166.8

 
$
277.6
Estimated Remaining Useful Lives by Asset Category
The estimated remaining useful lives by asset category as of January 3, 2016, are as follows: 
Intangibles subject to amortization
  
Weighted average remaining useful life in years
Proprietary technology
  
4.9
Customer list/relationships
  
5.4
Patents
  
5.3
Trademarks
  
8.0
Total intangibles subject to amortization
  
5.1