XML 46 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
GOODWILL AND OTHER INTANGIBLES RESULTING FROM BUSINESS ACQUISITIONS (Tables)
12 Months Ended
Dec. 30, 2017
GOODWILL AND OTHER INTANGIBLES RESULTING FROM BUSINESS ACQUISITIONS  
Changes in net carrying amount of goodwill

 

                                                                                                                                                                                                                                                                                                                                                                                        

(In millions)

 

Label and
Graphic
Materials

 

Retail
Branding and
Information
Solutions

 

Industrial and
Healthcare
Materials

 

Total

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Goodwill as of January 2, 2016

 

$

277.9

 

$

408.3

 

$

 

$

686.2

 

Acquisitions (1)

 

 

107.8

 

 

 

 

14.3

 

 

122.1

 

Transfer (2)

 

 

 

 

(53.1

)

 

53.1

 

 

 

Translation adjustments

 

 

(12.4

)

 

(1.3

)

 

(1.0

)

 

(14.7

)

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Goodwill as of December 31, 2016

 

 

373.3

 

 

353.9

 

 

66.4

 

 

793.6

 

2017 Acquisitions (1)

 

 

17.5

 

 

 

 

125.5

 

 

143.0

 

Acquisition adjustments (3)

 

 

4.8

 

 

 

 

.7

 

 

5.5

 

Translation adjustments

 

 

33.9

 

 

1.5

 

 

7.6

 

 

43.0

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Goodwill as of December 30, 2017

 

$

429.5

 

$

355.4

 

$

200.2

 

$

985.1

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

(1)    

Goodwill acquired in 2016 primarily related to the Mactac acquisition. Goodwill acquired in 2017 related to the acquisitions of Hanita, which is included in our Label and Graphic Materials ("LGM") reportable segment, and Finesse Medical and Yongle Tape, which are included in our Industrial and Healthcare Materials ("IHM") reportable segment.

(2)    

In connection with our 2016 change in operating structure, we allocated goodwill associated with our fastener solutions reporting unit from our Retail Branding and Information Solutions ("RBIS") reportable segment to IHM based on the relative fair values of our fastener solutions and RBIS reporting units. Prior to 2016, no reporting units within IHM had allocated goodwill. Refer to Note 1, "Summary of Significant Accounting Policies," for more information.

(3)    

Goodwill purchase price allocation adjustments related to the acquisition of Mactac in August 2016.

 

Summary of the preliminary amounts and weighted useful lives of finite-lived intangible assets

 

                                                                                                                                                                                    

 

 

Amount
(in millions)

 

Weighted-average
amortization
period
(in years)

 

​  

​  

​  

​  

​  

​  

​  

Customer relationships

 

$

71.5

 

 

16

 

Patents and other acquired technology

 

 

34.0

 

 

8

 

Trade names and trademarks

 

 

4.2

 

 

6

 

​  

​  

​  

​  

​  

​  

​  

 

                                                                                                                                                                                    

 

 

Amount
(in millions)

 

Weighted-average
amortization
period
(in years)

 

​  

​  

​  

​  

​  

​  

​  

Customer relationships

 

$

26.1

 

 

15

 

Patents and other acquired technology

 

 

2.5

 

 

4

 

​  

​  

​  

​  

​  

​  

​  

 

Schedule of finite-lived intangible assets

 

                                                                                                                                                                                                                

 

 

2017

 

2016

 

(In millions)

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Customer relationships (1)

 

$

329.2

 

$

226.4

 

$

102.8

 

$

247.1

 

$

209.4

 

$

37.7

 

Patents and other acquired technology (1)

 

 

86.9

 

 

51.3

 

 

35.6

 

 

52.0

 

 

46.7

 

 

5.3

 

Trade names and trademarks (2)

 

 

27.7

 

 

21.0

 

 

6.7

 

 

21.4

 

 

18.2

 

 

3.2

 

Other intangibles

 

 

12.0

 

 

12.0

 

 

 

 

11.7

 

 

11.5

 

 

.2

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Total

 

$

455.8

 

$

310.7

 

$

145.1

 

$

332.2

 

$

285.8

 

$

46.4

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

 

 

 

(1)   

Includes respective finite-lived intangible assets acquired from the 2017 Acquisitions and the Mactac acquisition.

(2)   

Includes respective finite-lived intangible assets acquired from the 2017 Acquisitions.

 

Estimated amortization expense for finite lived intangible assets

 

                                                                                                                                                                                    

(In millions)

 

Estimated
Amortization
Expense

 

​  

​  

​  

​  

2018

 

$

14.7

 

2019

 

 

13.9

 

2020

 

 

12.0

 

2021

 

 

11.8

 

2022

 

 

10.8

 

​  

​  

​  

​