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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2011
Goodwill and Other Intangible Assets  
Changes in goodwill by reportable segment

 

 

(in millions)

 

Crane

 

Foodservice

 

Total

 

Gross and net balance as of January 1, 2010

 

$

289.7

 

$

1,435.0

 

$

1,724.7

 

Acquisition of ASI

 

 

5.0

 

5.0

 

Deferred tax adjustment

 

 

5.8

 

5.8

 

Restructuring reserve adjustment

 

 

(2.7

)

(2.7

)

Foreign currency impact

 

(10.7

)

(0.1

)

(10.8

)

Gross balance as of December 31, 2010

 

$

279.0

 

$

1,443.0

 

$

1,722.0

 

Asset impairments

 

 

(548.8

)

(548.8

)

Net balance as of December 31, 2010

 

$

279.0

 

$

894.2

 

$

1,173.2

 

 

 

 

 

 

 

 

 

Restructuring reserve adjustment

 

$

 

$

(2.6

)

$

(2.6

)

Foreign currency impact

 

9.0

 

0.2

 

9.2

 

Gross balance as of March 31, 2011

 

$

288.0

 

$

1,440.6

 

$

1,728.6

 

Restructuring reserve adjustment

 

$

 

$

 

$

 

Foreign currency impact

 

1.2

 

0.1

 

1.3

 

Gross balance as of June 30, 2011

 

$

289.2

 

$

1,440.7

 

$

1,729.9

 

Asset impairments

 

 

(548.8

)

(548.8

)

Net balance as of June 30, 2011

 

$

289.2

 

$

891.9

 

$

1,181.1

Gross carrying amount and accumulated amortization of the company's intangible assets other than goodwill

 

 

 

 

June 30, 2011

 

December 31, 2010

 

(in millions)

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Book
Value

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Book
Value

 

Trademarks and tradenames

 

$

324.8

 

$

 

$

324.8

 

$

317.0

 

$

 

$

317.0

 

Customer relationships

 

439.2

 

(63.0

)

376.2

 

439.2

 

(51.8

)

387.4

 

Patents

 

34.8

 

(23.2

)

11.6

 

33.3

 

(20.9

)

12.4

 

Engineering drawings

 

11.7

 

(7.3

)

4.4

 

11.2

 

(6.7

)

4.5

 

Distribution network

 

21.5

 

 

21.5

 

20.6

 

 

20.6

 

Other intangibles

 

187.0

 

(39.4

)

147.6

 

183.9

 

(32.3

)

151.6

 

Total

 

$

1,019.0

 

$

(132.9

)

$

886.1

 

$

1,005.2

 

$

(111.7

)

$

893.5