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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Value of Goodwill by Segment

The changes in the carrying amount of goodwill for the years ended December 31, 2016 and 2015 were as follows:

 

 

 

Variable

Print

 

 

Strategic

Services

 

 

International

 

 

Total

 

Net book value as of January 1, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

$

1,794.6

 

 

$

336.4

 

 

$

1,184.4

 

 

 

3,315.4

 

Accumulated impairment losses

 

(1,022.9

)

 

 

(148.7

)

 

 

(1,044.6

)

 

 

(2,216.2

)

Total

 

771.7

 

 

 

187.7

 

 

 

139.8

 

 

 

1,099.2

 

Acquisitions

 

2.3

 

 

 

7.5

 

 

 

5.4

 

 

 

15.2

 

Foreign exchange and other adjustments

 

(2.4

)

 

 

 

 

 

(8.3

)

 

 

(10.7

)

Impairment charges

 

 

 

 

 

 

 

(18.0

)

 

 

(18.0

)

Net book value as of December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

1,794.5

 

 

 

343.9

 

 

 

1,098.0

 

 

 

3,236.4

 

Accumulated impairment losses

 

(1,022.9

)

 

 

(148.7

)

 

 

(979.1

)

 

 

(2,150.7

)

Total

$

771.6

 

 

$

195.2

 

 

$

118.9

 

 

$

1,085.7

 

Acquisitions

 

21.2

 

 

 

21.3

 

 

 

 

 

 

42.5

 

Foreign exchange and other adjustments

 

7.5

 

 

 

 

 

 

(5.9

)

 

 

1.6

 

Impairment charges

 

(527.8

)

 

 

 

 

 

 

 

 

(527.8

)

Net book value as of December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

1,823.0

 

 

 

365.2

 

 

 

1,017.9

 

 

 

3,206.1

 

Accumulated impairment losses

 

(1,550.5

)

 

 

(148.7

)

 

 

(904.9

)

 

 

(2,604.1

)

Total

$

272.5

 

 

$

216.5

 

 

$

113.0

 

 

$

602.0

 

 

Components of Other Intangible Assets

The components of other intangible assets at December 31, 2016 and 2015 were as follows:

 

 

 

December 31, 2016

 

 

December 31, 2015

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Net Book

 

 

Carrying

 

 

Accumulated

 

 

Net Book

 

 

Amount

 

 

Amortization

 

 

Value

 

 

Amount

 

 

Amortization

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

517.9

 

 

$

(370.7

)

 

$

147.2

 

 

$

586.5

 

 

$

(389.9

)

 

$

196.6

 

Patents

 

2.0

 

 

 

(2.0

)

 

 

 

 

 

98.3

 

 

 

(98.3

)

 

 

 

Trademarks, licenses and agreements

 

26.2

 

 

 

(24.4

)

 

 

1.8

 

 

 

24.5

 

 

 

(23.8

)

 

 

0.7

 

Trade names

 

36.8

 

 

 

(13.9

)

 

 

22.9

 

 

 

35.7

 

 

 

(12.0

)

 

 

23.7

 

Total other intangible assets

$

582.9

 

 

$

(411.0

)

 

$

171.9

 

 

$

745.0

 

 

$

(524.0

)

 

$

221.0

 

  

Schedule of Other Intangible Assets Additions by Component

 

 

 

December 31, 2016

 

 

 

 

December 31, 2015

 

 

Amount

 

 

Weighted

Average

Amortization Period

 

 

 

 

Amount

 

 

Weighted

Average

Amortization Period

 

Customer relationships

$

11.0

 

 

 

10.5

 

 

 

 

$

4.9

 

 

 

9.2

 

Trade names (amortizable)

 

1.4

 

 

 

4.7

 

 

 

 

 

 

 

 

0.0

 

Non-compete agreements

 

1.7

 

 

 

3.3

 

 

 

 

 

0.3

 

 

 

4.3

 

Total additions

$

14.1

 

 

 

 

 

 

 

 

$

5.2

 

 

 

 

 

 

Schedule of Estimated Annual Amortization Expense Related to Other Intangible Assets

The following table outlines the estimated annual amortization expense related to other intangible assets as of December 31, 2016:

 

 

 

Amount

 

2017

$

28.6

 

2018

 

27.8

 

2019

 

24.1

 

2020

 

20.3

 

2021

 

20.0

 

2022 and thereafter

 

51.1

 

Total

$

171.9