Business Acquisitions, Goodwill and Acquired Intangible Assets (Tables)

12 Months Ended

Jan. 01, 2017

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 2016 and 2015 (in millions):



	2016
Acquisition	Acquisition Date	Cash Paid (a)		Goodwill Acquired		Acquired Intangible Assets
Frontline	April 6, 2016	$	13.7	$	11.3	$	2.3
Quantum Data	April 15, 2016	17.3		10.7		5.4
CARIS	May 3, 2016	26.2		22.2		3.6
IN USA	November 2, 2016	10.2		6.3		3.0
Hanson Research	December 6, 2016	25.0		13.5		8.4
Other Investments		1.0		—		—
		$	93.4	$	64.0	$	22.7
(a) net of any cash acquired.



	2015
Acquisition	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.

Estimated Fair Values of the Assets Acquired and Liabilities Assumed



Fair values allocated to the assets acquired and liabilities assumed (in millions):	2016			2015
Current assets, excluding cash acquired	$	11.9		$	8.5
Property, plant and equipment	3.9			9.8
Goodwill	64.0			27.6
Acquired intangible assets	22.7			11.0
Other long-term assets	1.2			1.9
Total assets acquired	103.7			58.8
Current liabilities	(9.9		)	(5.1		)
Long-term liabilities	(0.4		)	(9.0		)
Total liabilities assumed	(10.3		)	(14.1		)
Noncontrolling interests (a)	—			22.0
Cash paid, net of cash acquired	$	93.4		$	66.7
(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 2016 and 2015 (dollars in millions):



	2016			2015
Intangibles subject to amortization:	Intangible Assets		Weighted average useful life in years	Intangible Assets		Weighted average useful life in years
Proprietary technology	$	10.4	9.4	$	5.7	9.9
Customer list/relationships	8.9		13.2	3.0		8.3
Backlog	0.3		0.3	—		n/a
Trademarks	0.5		3.0	—		—
Total intangibles subject to amortization	20.1		10.8	8.7		9.4

Intangibles not subject to amortization:
Trademarks	2.6		n/a	2.3		n/a

Total acquired intangible assets	$	22.7	n/a	$	11.0	n/a

Goodwill	$	64.0	n/a	$	27.6	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 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
Current year acquisitions	41.8			22.2			—			—			64.0
Foreign currency changes	(9.3		)	2.7			(4.1		)	—			(10.7		)
Balance at January 1, 2017	$	713.3		$	317.4		$	139.4		$	23.4		$	1,193.5

(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



	2016						2015
	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
Other acquired intangible assets (in millions):
Proprietary technology	$	207.2	$	130.1	$	77.1	$	198.6	$	114.2	$	84.4
Customer list/relationships	121.9		68.3		53.6		114.3		58.8		55.5
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	3.8		2.4		1.4		3.4		2.1		1.3
Backlog	12.7		12.6		0.1		12.5		12.5		—
Other acquired intangible assets subject to amortization	347.2		214.9		132.3		330.4		189.1		141.3
Other acquired intangible assets not subject to amortization:
Trademarks	102.3		—		102.3		102.0		—		102.0
Total other acquired intangible assets	$	449.5	$	214.9	$	234.6	$	432.4	$	189.1	$	243.3

Estimated Remaining Useful Lives by Asset Category

The estimated remaining useful lives by asset category as of January 1, 2017, are as follows:



Intangibles subject to amortization		Weighted average remaining useful life in years
Proprietary technology		4.6
Customer list/relationships		5.3
Patents		4.3
Backlog		0.3
Trademarks		4.9
Total intangibles subject to amortization		4.8