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Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

5. Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill for the nine months ended September 30, 2018 were as follows:  

 

 

 

Business Services

 

 

Marketing Solutions

 

 

Total

 

Net book value as of December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

2,759.8

 

 

$

519.5

 

 

$

3,279.3

 

Accumulated impairment losses

 

 

(2,436.7

)

 

 

(254.1

)

 

 

(2,690.8

)

Total

 

 

323.1

 

 

 

265.4

 

 

 

588.5

 

Disposition

 

 

(32.4

)

 

 

 

 

 

(32.4

)

Foreign exchange

 

 

(1.8

)

 

 

 

 

 

(1.8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net book value as of September 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

 

2,631.7

 

 

 

519.5

 

 

 

3,151.2

 

Accumulated impairment losses

 

 

(2,342.8

)

 

 

(254.1

)

 

 

(2,596.9

)

Total

 

$

288.9

 

 

$

265.4

 

 

$

554.3

 

During the three months ended September 30, 2018 we reduced goodwill by $32.4 million for the disposition of our Print Logistics business. See Note 16, Disposition, for further discussion.

The components of other intangible assets at September 30, 2018 and December 31, 2017 were as follows:

 

 

 

September 30, 2018

 

 

December 31, 2017

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Net Book

 

 

Carrying

 

 

Accumulated

 

 

Net Book

 

 

 

Amount

 

 

Amortization

 

 

Value

 

 

Amount

 

 

Amortization

 

 

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Client relationships

 

$

524.2

 

 

$

(423.2

)

 

$

101.0

 

 

$

534.1

 

 

$

(412.4

)

 

$

121.7

 

Patents

 

 

2.0

 

 

 

(2.0

)

 

 

 

 

 

2.0

 

 

 

(2.0

)

 

 

 

Trademarks, licenses and agreements

 

 

25.7

 

 

 

(25.1

)

 

 

0.6

 

 

 

26.2

 

 

 

(25.2

)

 

 

1.0

 

Trade names

 

 

34.7

 

 

 

(16.1

)

 

 

18.6

 

 

 

36.8

 

 

 

(16.2

)

 

 

20.6

 

Total other intangible assets

 

$

586.6

 

 

$

(466.4

)

 

$

120.2

 

 

$

599.1

 

 

$

(455.8

)

 

$

143.3

 

Amortization expense for other intangible assets was $6.8 million and $20.7 million for the three and nine months ended September 30, 2018, respectively. Amortization expense for other intangible assets was $7.1 million and $21.6 million for the three and nine months ended September 30, 2017, respectively.