Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets

Goodwill

The changes in the Company's goodwill consisted of the following:



	IT Services and Hardware					Entertainment and Communications				Total Company
	December 31, 2017			December 31, 2016		December 31, 2017		December 31, 2016		December 31, 2017			December 31, 2016
(dollars in millions)
Goodwill, beginning balance	$	2.4		$	2.4	$	11.9	$	11.9	$	14.3		$	14.3
Activity during the year
Acquisitions	137.0			—		—		—		137.0			—
Currency translations	(0.3		)	—		—		—		(0.3		)	—
Goodwill, ending balance	$	139.1		$	2.4	$	11.9	$	11.9	$	151.0		$	14.3

During 2017, goodwill increased by $4.6 million and $132.4 million for the IT Services and Hardware segment related to the acquisitions of SunTel and OnX, respectively. For further information related to these acquisitions see Note 3.

No impairment losses were recognized in goodwill for the years ended December 31, 2017 or 2016.

Intangible Assets

The Company’s intangible assets consisted of the following:



	December 31, 2017					December 31, 2016
	Gross Carrying		Accumulated			Gross Carrying		Accumulated
(dollars in millions)	Amount		Amortization			Amount		Amortization
Customer relationships	$	116.0	$	(8.9	)	$	7.0	$	(7.0	)
Trade names	15.9		(0.4		)	—		—
Technology	9.9		(0.2		)	—		—
Total	$	141.8	$	(9.5	)	$	7.0	$	(7.0	)

The intangible assets were established in connection with completed acquisitions. They are amortized over their useful lives based on a number of assumptions including the estimated period of economic benefit and utilization. The weighted-average amortization period for intangible assets acquired in 2017 is 14 years.

The amortization expense for intangible assets was $2.5 million and $0.2 million in 2017 and 2016, respectively. No impairment losses were recognized on intangible assets for the years ended December 31, 2017 and 2016.

The estimated useful lives for each intangible asset class are as follows:



Customer relationships	8	to	15	years
Trade names			10	years
Technology			10	years

The annual estimated amortization expense for future years is as follows:



(dollars in millions)
2018	$	10.0
2019	10.0
2020	10.0
2021	10.0
2022	10.0
Thereafter	82.3
Total	$	132.3

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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