XML 48 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
Goodwill and Long-Lived Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Purchased Intangible Assets Resulting from Acquisitions

Our purchased intangible assets resulting from acquisitions are as follows (in thousands, except for weighted average useful life):

 

          December 31, 2017     December 31, 2016  
    Weighted
average
useful life
(years)
    Gross
carrying
amount
    Accumulated
amortization
    Weighted
remaining
average
useful life
(years)
    Net carrying
amount
    Gross carrying
amount
    Accumulated
amortization
    Net carrying
amount
 

Goodwill

    —       $ 403,278     $ —         —       $ 403,278     $ 359,841     $ —       $ 359,841  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Customer relationships and other

    4.6     $ 95,862     $ (45,862     3.6     $ 50,000     $ 88,557     $ (49,527   $ 39,030  

Existing technology

    4.1       196,693       (149,300     2.9       47,393       173,543       (122,654     50,889  

Trademarks and trade names

    4.9       72,048       (46,822     5.5       25,226       67,701       (38,300     29,401  

IPR&D

    —         389       —         —         389       3,677       —         3,677  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Amortizable intangible assets

    4.4     $ 364,992     $ (241,984     3.8     $ 123,008     $ 333,478     $ (210,481   $ 122,997  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 
Schedule of Future Amortization Expense

As of December 31, 2017, future estimated amortization expense for each of the next five years and thereafter related to the amortization of identified intangible assets is as follows (in thousands):

 

For the years ended December 31,

   Future
amortization
expense
 

2018

   $ 43,652  

2019

     35,770  

2020

     19,331  

2021

     7,253  

2022

     5,003  

Thereafter

     11,999  
  

 

 

 
   $ 123,008  
  

 

 

 
Schedule of Goodwill Rollforward

The goodwill rollforward for the years ended December 31, 2017 and 2016 is as follows (in thousands):

 

     Industrial
Inkjet
    Productivity
Software
    Fiery     Total  

Ending Balance, December 31, 2015

   $ 142,183     $ 133,128     $ 63,482     $ 338,793  
  

 

 

   

 

 

   

 

 

   

 

 

 

Additions (Rialco and Optitex acquisitions)

   $ 1,426     $ 28,147     $ —       $ 29,573  

Opening balance sheet adjustments

     (171     (663     —         (834

Foreign currency adjustments

     (2,370     (5,137     (184     (7,691
  

 

 

   

 

 

   

 

 

   

 

 

 

Ending Balance, December 31, 2016

   $ 141,068     $ 155,475     $ 63,298     $ 359,841  
  

 

 

   

 

 

   

 

 

   

 

 

 

Additions (FFPS, Generation Digital, CRC, and Escada acquisitions)

   $ —       $ 11,632     $ 9,602     $ 21,234  

Opening balance sheet adjustments

     —         10       679       689  

Foreign currency adjustments

     13,305       7,527       682       21,514  
  

 

 

   

 

 

   

 

 

   

 

 

 

Ending Balance, December 31, 2017

   $ 154,373     $ 174,644     $ 74,261     $ 403,278  
  

 

 

   

 

 

   

 

 

   

 

 

 

Accumulated Impairment as of December 31, 2017, recognized in 2008

   $ 103,991     $ —       $ —       $ 103,991