XML 42 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2014
Goodwill

The changes in the carrying amount of goodwill by segment for the six months ended June 30, 2014 were as follows:

 

 

Publishing and

 

 

 

 

 

 

Strategic

 

 

 

 

 

 

 

 

 

 

Retail Services

 

 

Variable Print

 

 

Services

 

 

International

 

 

Total

 

Net book value as of December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

$

688.0

 

 

$

1,638.6

 

 

$

1,005.4

 

 

$

1,275.9

 

 

$

4,607.9

 

Accumulated impairment losses

 

(669.9

)

 

 

(1,105.2

)

 

 

(243.5

)

 

 

(1,153.0

)

 

 

(3,171.6

)

Total

 

18.1

 

 

 

533.4

 

 

 

761.9

 

 

 

122.9

 

 

 

1,436.3

 

Acquisitions

 

 

 

 

276.2

 

 

 

3.5

 

 

 

20.5

 

 

 

300.2

 

Foreign exchange and other adjustments

 

 

 

 

0.6

 

 

 

0.2

 

 

 

(0.7

)

 

 

0.1

 

Net book value at June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

688.0

 

 

 

1,915.4

 

 

 

1,009.8

 

 

 

1,309.0

 

 

 

4,922.2

 

Accumulated impairment losses

 

(669.9

)

 

 

(1,105.2

)

 

 

(244.2

)

 

 

(1,166.3

)

 

 

(3,185.6

)

Total

$

18.1

 

 

$

810.2

 

 

$

765.6

 

 

$

142.7

 

 

$

1,736.6

 

 

Components of Other Intangible Assets

The components of other intangible assets at June 30, 2014 and December 31, 2013 were as follows:

 

 

June 30, 2014

 

 

December 31, 2013

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Net Book

 

 

Carrying

 

 

Accumulated

 

 

Net Book

 

 

Amount

 

 

Amortization

 

 

Value

 

 

Amount

 

 

Amortization

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

909.2

 

 

$

(486.7

)

 

$

422.5

 

 

$

728.8

 

 

$

(448.5

)

 

$

280.3

 

Patents

 

98.3

 

 

 

(98.3

)

 

 

 

 

 

98.3

 

 

 

(98.3

)

 

 

 

Trademarks, licenses and agreements

 

31.6

 

 

 

(29.2

)

 

 

2.4

 

 

 

31.4

 

 

 

(28.2

)

 

 

3.2

 

Trade names

 

44.0

 

 

 

(14.4

)

 

 

29.6

 

 

 

27.1

 

 

 

(12.8

)

 

 

14.3

 

Total amortizable other intangible assets

 

1,083.1

 

 

 

(628.6

)

 

 

454.5

 

 

 

885.6

 

 

 

(587.8

)

 

 

297.8

 

Indefinite-lived trade names

 

26.9

 

 

 

 

 

 

26.9

 

 

 

18.1

 

 

 

 

 

 

18.1

 

Total other intangible assets

$

1,110.0

 

 

$

(628.6

)

 

$

481.4

 

 

$

903.7

 

 

$

(587.8

)

 

$

315.9

 

 

Additions to Intangible Assets

 

 

 

June 30, 2014

 

 

 

 

 

 

Weighted Average

 

 

Amount

 

 

Amortization Period

 

Customer relationships

$

178.1

 

 

 

9.7

 

Trade names (amortizable)

 

17.8

 

 

 

10.0

 

Trade names (indefinite-lived)

 

8.7

 

 

n/a

 

Non-compete agreements

 

0.3

 

 

 

3.0

 

Total additions

$

204.9

 

 

 

 

 

 

 

 

Estimated Annual Amortization Expense Related to Intangible Assets

The following table outlines the estimated annual amortization expense related to other intangible assets as of June 30, 2014:

 

For the year ending December 31,

Amount

 

2014

$

79.0

 

2015

 

78.2

 

2016

 

59.5

 

2017

 

53.1

 

2018

 

47.9

 

2019 and thereafter

 

175.6

 

Total

$

493.3