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Other Assets
3 Months Ended
Mar. 28, 2013
Other Assets [Abstract]  
Other Assets

7. Other Assets

       

Other assets are summarized as follows:

   March 28, December 31,
   2013 2012
Intangible assets      
Patents  $3.0 $ 2.0
Favorable leasehold interests   9.8  9.7
Customer relationships   26.3  28.1
 Total intangible assets   39.1  39.8
Less: Accumulated amortization - patents   (2.0)  (1.2)
 Accumulated amortization - favorable leasehold interest   (4.9)  (4.8)
 Accumulated amortization - customer relationships   (23.0)  (23.7)
Intangible assets, net   9.2  10.1
Deferred financing      
Deferred financing costs  76.3  76.4
Less: Accumulated amortization - deferred financing costs  (51.1)  (49.6)
Deferred financing costs, net  25.2  26.8
Other       
Goodwill - Europe  2.8  3.0
Equity in net assets of affiliates   1.4  5.1
Customer supply agreement (1)  39.4   39.9
Other   5.4  6.1
 Total  $ 83.4 $ 91.0
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  • Under an agreement with our customer Airbus, certain payments accounted for as consideration given by the Company to Airbus are being amortized as a reduction to net revenues.

 

The Company recognized $1.1 and $1.0 of amortization expense of intangibles for the three months ended March 28, 2013 and March 29, 2012, respectively.