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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017 and 2016 were as follows:

 

 

Variable

Print

 

 

Strategic

Services

 

 

International

 

 

Total

 

Net book value as of January 1, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

Foreign exchange and other adjustments

 

 

 

 

 

 

 

7.8

 

 

 

7.8

 

Impairment charges

 

 

 

 

(21.3

)

 

 

 

 

 

(21.3

)

Net book value as of December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

1,823.9

 

 

 

365.2

 

 

 

1,090.2

 

 

 

3,279.3

 

Accumulated impairment losses

 

(1,551.4

)

 

 

(170.0

)

 

 

(969.4

)

 

 

(2,690.8

)

Total

$

272.5

 

 

$

195.2

 

 

$

120.8

 

 

$

588.5

 

 

Components of Other Intangible Assets

The components of other intangible assets at December 31, 2017 and 2016 were as follows:

 

 

December 31, 2017

 

 

December 31, 2016

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Book Value

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Book Value

 

Client relationships

$

534.1

 

 

$

(412.4

)

 

$

121.7

 

 

$

517.9

 

 

$

(370.7

)

 

$

147.2

 

Patents

 

2.0

 

 

 

(2.0

)

 

 

 

 

 

2.0

 

 

 

(2.0

)

 

 

 

Trademarks, licenses and agreements

 

26.2

 

 

 

(25.2

)

 

 

1.0

 

 

 

26.2

 

 

 

(24.4

)

 

 

1.8

 

Trade names

 

36.8

 

 

 

(16.2

)

 

 

20.6

 

 

 

36.8

 

 

 

(13.9

)

 

 

22.9

 

Total other intangible assets

$

599.1

 

 

$

(455.8

)

 

$

143.3

 

 

$

582.9

 

 

$

(411.0

)

 

$

171.9

 

 

Schedule of Other Intangible Assets Additions by Component

 

 

December 31, 2016

 

 

Amount

 

 

Weighted

Average

Amortization Period

 

Client relationships

$

11.0

 

 

 

10.5

 

Trade names (amortizable)

 

1.4

 

 

 

4.7

 

Non-compete agreements

 

1.7

 

 

 

3.3

 

Total additions

$

14.1

 

 

 

 

 

 

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, 2017:  

 

 

Amount

 

2018

$

27.8

 

2019

 

24.1

 

2020

 

20.3

 

2021

 

20.0

 

2022

 

19.3

 

2023 and thereafter

 

31.8

 

Total

$

143.3