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INTANGIBLE ASSETS AND GOODWILL (Tables)
3 Months Ended
Mar. 31, 2012
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)
 
March 31, 2012
 
December 31, 2011
 
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Amortized intangibles:
 
 

 
 

 
 

 
 

Patents
 
$
7.8

 
$
(5.4
)
 
$
7.8

 
$
(5.4
)
Supply agreements
 
4.4

 
(4.4
)
 
4.4

 
(4.4
)
Technology
 
7.5

 
(2.9
)
 
7.5

 
(2.7
)
Customer relationships
 
110.0

 
(18.4
)
 
78.7

 
(17.1
)
Software
 
1.0

 
(0.1
)
 
1.2

 

Other
 
1.2

 
(1.1
)
 
1.2

 
(1.1
)
Total
 
$
131.9

 
$
(32.3
)
 
$
100.8

 
$
(30.7
)
Unamortized intangibles:
 
 
 
 
 
 
 
 
Trade names
 
40.1

 

 
24.4

 

Total intangibles
 
$
172.0

 
$
(32.3
)
 
$
125.2

 
$
(30.7
)
Schedule of Amortization Expense
Amortization expense is projected as follows:

(In millions)
 
2012
 
2013
 
2014
 
2015
 
2016
 
 
$
6.9

 
$
7.1

 
$
7.1

 
$
7.1

 
$
7.1

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 first quarter ended March 31, 2012, is as follows:

(In millions)
 
Water Systems
 
Fueling Systems
 
Consolidated
Balance as of December 31, 2011
 
$
109.9

 
$
58.9

 
$
168.8

Acquisitions
 
25.0

 

 
25.0

Adjustments to prior year acquisitions
 

 

 

Foreign currency translation
 
1.4

 
0.1

 
1.5

Balance as of March 31, 2012
 
$
136.3

 
$
59.0

 
$
195.3