XML 59 R43.htm IDEA: XBRL DOCUMENT v3.20.4
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

The changes in the carrying amount of goodwill and accumulated impairment losses were as follows:

 

 

 

2020

 

 

2019

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Impairment

Loss

 

 

Net

 

 

Gross

Carrying

Amount

 

 

Accumulated

Impairment

Loss

 

 

Net

 

Beginning balance at January 1

 

$

1,202.8

 

 

$

(144.3

)

 

$

1,058.5

 

 

$

731.3

 

 

$

(144.3

)

 

$

587.0

 

Acquired goodwill (1)

 

 

 

 

 

 

 

 

 

 

 

474.0

 

 

 

 

 

 

474.0

 

Impairment of goodwill (2)

 

 

 

 

 

(1.1

)

 

 

(1.1

)

 

 

 

 

 

 

 

 

 

Foreign currency translation

 

 

9.0

 

 

 

 

 

 

9.0

 

 

 

(2.5

)

 

 

 

 

 

(2.5

)

Ending balance at December 31

 

$

1,211.8

 

 

$

(145.4

)

 

$

1,066.4

 

 

$

1,202.8

 

 

$

(144.3

)

 

$

1,058.5

 

 

(1)

During the twelve months ended December 31, 2019, the Company recorded $474.0 of goodwill related to the ESI Merger.

(2)

During the twelve months ended December 31, 2020, the Company recorded $1.1 of goodwill impairment charges related to the pending closure of a facility in Europe.

Acquired Intangible Assets

Intangible Assets

Components of the Company’s acquired intangible assets are comprised of the following:

 

As of December 31, 2020

 

Gross

 

 

Accumulated Impairment

Charges

 

 

Accumulated

Amortization

 

 

Foreign

Currency

Translation

 

 

Net

 

Completed technology

 

$

446.4

 

 

$

(0.1

)

 

$

(209.8

)

 

$

(0.1

)

 

$

236.4

 

Customer relationships

 

 

308.2

 

 

 

(1.4

)

 

 

(104.8

)

 

 

1.7

 

 

 

203.7

 

Patents, trademarks, trade names and other

 

 

120.9

 

 

 

 

 

 

(48.6

)

 

 

(0.2

)

 

 

72.1

 

 

 

$

875.5

 

 

$

(1.5

)

 

$

(363.2

)

 

$

1.4

 

 

$

512.2

 

 

As of December 31, 2019

 

Gross

 

 

Accumulated Impairment

Charges

 

 

Accumulated

Amortization

 

 

Foreign

Currency

Translation

 

 

Net

 

Completed technology(1)

 

$

446.4

 

 

$

(0.1

)

 

$

(178.3

)

 

$

(0.2

)

 

$

267.8

 

Customer relationships(1)

 

 

308.2

 

 

 

(1.4

)

 

 

(84.2

)

 

 

(1.4

)

 

 

221.2

 

Patents, trademarks, trade names and other(1)

 

 

120.9

 

 

 

 

 

 

(45.5

)

 

 

0.2

 

 

 

75.6

 

 

 

$

875.5

 

 

$

(1.5

)

 

$

(308.0

)

 

$

(1.4

)

 

$

564.6

 

 

(1)

During the twelve months ended December 31, 2019, the Company recorded $316.2 of separately identified intangible assets related to the ESI Merger, of which $274.0 was completed technology, $25.4 was customer relationships and $16.8 was trademarks, trade names and backlog.

Estimated Net Amortization Expense Aggregate net amortization expense related to acquired intangible assets for future years is:

Year

 

Amount

 

2021

 

$

48.2

 

2022

 

 

45.6

 

2023

 

 

45.2

 

2024

 

 

44.3

 

2025

 

 

43.3

 

Thereafter

 

$

229.7