Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2013

Goodwill and Other Intangible Assets [Abstract]

Intangible Assets and Goodwill

 

We have goodwill, amortizable intangible assets and intangible assets that do not require amortization, as follows:

	June 30, 2013						December 31, 2012
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Goodwill(1)	$	1,043.3	$	-	$	1,043.3	$	1,041.3	$	-	$	1,041.3
Intangible assets:
Finite-lived:
Technology	$	19.6	$	19.6	$	-	$	19.6	$	19.6	$	-
Franchise agreements		18.0		17.0		1.0		18.0		16.1		1.9
Customer relationships		341.4		179.9		161.5		339.0		165.1		173.9
Other		15.6		12.9		2.7		15.2		12.4		2.8
		394.6		229.4		165.2		391.8		213.2		178.6
Indefinite-lived:
Tradenames(2)		54.0		-		54.0		54.0		-		54.0
Reacquired franchise rights		97.8		-		97.8		98.0		-		98.0
		151.8		-		151.8		152.0		-		152.0
Total intangible assets	$	546.4	$	229.4	$	317.0	$	543.8	$	213.2	$	330.6

(1) Balances were net of accumulated impairment loss of $513.4 as of both June 30, 2013 and December 31, 2012.

(2) Balances were net of accumulated impairment loss of $139.5 as of both June 30, 2013 and December 31, 2012.

Goodwill

 

Changes in the carrying value of goodwill by reportable segment and Corporate were as follows:

	Americas(1)			Southern Europe(2)			Northern Europe			APME			Right Management		Corporate(3)		Total
Balance, January 1, 2013	$	467.1		$	103.3		$	270.7		$	73.2		$	62.1	$	64.9	$	1,041.3
Goodwill acquired		-			-			17.2			8.0			-		-		25.2
Currency and other impacts		(1.0	)		(1.2	)		(13.4	)		(7.6	)		-		-		(23.2	)
Balance, June 30, 2013	$	466.1		$	102.1		$	274.5		$	73.6		$	62.1	$	64.9	$	1,043.3

(1) Balances related to the United States were $448.5 as of both January 1, 2013 and June 30, 2013.

(2) Balances related to France were $83.8 and $82.7 as of January 1, 2013 and June 30, 2013, respectively. Balances related to Italy were $5.5 and $5.4 as of January 1, 2013 and June 30, 2013, respectively.

(3) The majority of the Corporate balance relates to goodwill attributable from our acquisition of Jefferson Wells ($55.5) which is part of the United States reporting unit. For purposes of monitoring our total assets by segment, we do not allocate the Corporate balance to the respective reportable segments as this is commensurate with how we operate our business. We do, however, include these balances within the appropriate reporting units for our goodwill impairment testing. See table below for the breakout of goodwill balances by reporting unit.

Goodwill Balances by Reporting Unit

 

Goodwill balances by reporting unit were as follows:

	June 30,		January 1,
	2013		2013
United States	$	504.0	$	504.0
France		82.7		83.8
Netherlands (Vitae)		79.6		80.7
Right Management		62.1		62.1
Other reporting units		314.9		310.7
Total goodwill	$	1,043.3	$	1,041.3