XML 44 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Goodwill by Segment
The following table presents the changes in goodwill by segment during the six months ended June 30, 2016:
 
Consumer
 
Professional
 
Other
 
Total
Balance at January 1, 2016
$
210.1

 
$
240.7

 
$
18.9

 
$
469.7

Goodwill acquired (a)
8.6

 

 

 
8.6

Foreign currency translation adjustment

 
0.2

 
(1.8
)
 
(1.6
)
Balance at June 30, 2016
$
218.7

 
$
240.9

 
$
17.1

 
$
476.7

(a) On May 31, 2016, the Company completed the Cutex International Acquisition. See Note 2, "Business Combinations," to the Unaudited Consolidated Financial Statements in this Form 10-Q for details related to the Cutex International Acquisition.
Summary of Finite-Lived Intangible Assets
The following tables present details of the Company's total intangible assets:

 
June 30, 2016
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Finite-lived intangible assets:
 
 
 
 
 
Trademarks and Licenses
$
147.2

 
$
(42.3
)
 
$
104.9

Customer relationships
132.5

 
(24.4
)
 
108.1

Patents and Internally-Developed IP
17.9

 
(5.2
)
 
12.7

Distribution rights
3.1

 
(0.9
)
 
2.2

Total finite-lived intangible assets
$
300.7

 
$
(72.8
)
 
$
227.9

 
 
 
 
 
 
Indefinite-lived intangible assets:
 
 
 
 
 
Trade Names
$
101.0

 
$

 
$
101.0

Total indefinite-lived intangible assets
$
101.0

 
$

 
$
101.0

 
 
 
 
 
 
Total intangible assets
$
401.7

 
$
(72.8
)
 
$
328.9

 
 
 
 
 
 
 
December 31, 2015
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Finite-lived intangible assets:
 
 
 
 
 
Trademarks and Licenses
$
145.0

 
$
(36.0
)
 
$
109.0

Customer relationships
118.8

 
(20.5
)
 
98.3

Patents and Internally-Developed IP
16.8

 
(4.0
)
 
12.8

Distribution rights
3.5

 
(0.6
)
 
2.9

Total finite-lived intangible assets
$
284.1

 
$
(61.1
)
 
$
223.0

 
 
 
 
 
 
Indefinite-lived intangible assets:
 
 
 
 
 
Trade Names
$
95.0

 
$

 
$
95.0

Total indefinite-lived intangible assets
$
95.0

 
$

 
$
95.0

 
 
 
 
 
 
Total intangible assets
$
379.1

 
$
(61.1
)
 
$
318.0

Summary of Indefinite-Lived Intangible Assets
The following tables present details of the Company's total intangible assets:

 
June 30, 2016
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Finite-lived intangible assets:
 
 
 
 
 
Trademarks and Licenses
$
147.2

 
$
(42.3
)
 
$
104.9

Customer relationships
132.5

 
(24.4
)
 
108.1

Patents and Internally-Developed IP
17.9

 
(5.2
)
 
12.7

Distribution rights
3.1

 
(0.9
)
 
2.2

Total finite-lived intangible assets
$
300.7

 
$
(72.8
)
 
$
227.9

 
 
 
 
 
 
Indefinite-lived intangible assets:
 
 
 
 
 
Trade Names
$
101.0

 
$

 
$
101.0

Total indefinite-lived intangible assets
$
101.0

 
$

 
$
101.0

 
 
 
 
 
 
Total intangible assets
$
401.7

 
$
(72.8
)
 
$
328.9

 
 
 
 
 
 
 
December 31, 2015
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Finite-lived intangible assets:
 
 
 
 
 
Trademarks and Licenses
$
145.0

 
$
(36.0
)
 
$
109.0

Customer relationships
118.8

 
(20.5
)
 
98.3

Patents and Internally-Developed IP
16.8

 
(4.0
)
 
12.8

Distribution rights
3.5

 
(0.6
)
 
2.9

Total finite-lived intangible assets
$
284.1

 
$
(61.1
)
 
$
223.0

 
 
 
 
 
 
Indefinite-lived intangible assets:
 
 
 
 
 
Trade Names
$
95.0

 
$

 
$
95.0

Total indefinite-lived intangible assets
$
95.0

 
$

 
$
95.0

 
 
 
 
 
 
Total intangible assets
$
379.1

 
$
(61.1
)
 
$
318.0

Estimated Future Amortization Expense
The following table reflects the estimated future amortization expense, a portion of which is subject to exchange rate fluctuations, for the Company's finite-lived intangible assets as of June 30, 2016:
 
Estimated Amortization Expense
2016
$
11.5

2017
23.6

2018
22.7

2019
20.1

2020
19.5

Thereafter
130.5

Total
$
227.9