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INTANGIBLE ASSETS AND GOODWILL Tables
6 Months Ended
Jul. 02, 2011
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Amounts of Intangible Assets
The carrying amounts of the Company’s intangible assets are as follows:
 
(In millions)
 
July 2, 2011
 
January 1, 2011
 
 
Gross Carrying
 
Accumulated
 
Gross Carrying
 
Accumulated
 
 
Amount
 
Amortization
 
Amount
 
Amortization
Amortized intangibles:
 
 
 
 
 
 
 
 
Patents
 
$
8.0


 
$
(5.1
)
 
$
7.9


 
$
(4.8
)
Supply agreements
 
4.4


 
(4.3
)
 
4.4


 
(3.9
)
Technology
 
7.5


 
(2.4
)
 
7.5


 
(2.2
)
Customer relationships
 
83.1


 
(15.4
)
 
70.7


 
(13.1
)
Other
 
1.9


 
(1.4
)
 
1.1


 
(1.1
)
Total
 
$
104.9


 
$
(28.6
)
 
$
91.6


 
$
(25.1
)
Unamortized intangibles:
 
 
 
 


 
 


 
 


Trade names
 
26.5


 


 
22.5


 


Total intangbiles
 
$
131.4


 
$
(28.6
)
 
$
114.1


 
$
(25.1
)
Schedule of Amortization Expense
Amortization expense is projected as follows:
(In millions)
 
2011


 
2012


 
2013


 
2014


 
2015


 
 
$
5.6


 
$
5.6


 
$
5.4


 
$
5.3


 
$
5.3


Schedule of Change in the Carrying Amount of Goodwill by Reporting Segment
The change in the carrying amount of goodwill by reporting segment for the six months ended July 2, 2011, is as follows:
(In millions)
 
Water Systems
 
Fueling Systems
 
Consolidated
Balance as of January 1, 2011
 
$
107.0


 
$
58.2


 
$
165.2


Acquisitions
 
7.3


 


 
7.3


Adjustments to prior year acquisitions
 


 
0.5


 
0.5


Foreign currency translation
 
2.6


 
0.1


 
2.7


Balance as of July 2, 2011
 
$
116.9


 
$
58.8


 
$
175.7