Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets [Text Block]

Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill as of March 31, 2012 and December 31, 2011 by reportable segment are as follows (in thousands):



	Print and Envelope		Label and Packaging		Total
Balance as of December 31, 2011	$	78,857	$	111,965	$	190,822
Acquisitions, net	598		—		598
Foreign currency translation	397		—		397
Balance as of March 31, 2012	$	79,852	$	111,965	$	191,817

Other intangible assets are as follows (in thousands):



		March 31, 2012										December 31, 2011
	Weighted Average Remaining Amortization Period (Years)	Gross Carrying Amount		Accumulated Impairment Charges			Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Impairment Charges			Accumulated Amortization			Net Carrying Amount
Intangible assets with determinable lives:
Customer relationships	11	$	166,800	$	(27,234	)	$	(57,172	)	$	82,394	$	166,652	$	(27,234	)	$	(54,911	)	$	84,507
Trademarks and trade names	23	23,494		—			(5,889		)	17,605		23,481		—			(5,620		)	17,861
Patents	8	3,528		—			(2,666		)	862		3,528		—			(2,583		)	945
Non-compete agreements	1	510		—			(458		)	52		510		—			(439		)	71
Other	6	600		—			(178		)	422		600		—			(161		)	439
Subtotal	13	194,932		(27,234		)	(66,363		)	101,335		194,771		(27,234		)	(63,714		)	103,823

Intangible assets with indefinite lives:
Trademarks		141,740		(22,000		)	—			119,740		141,740		(22,000		)	—			119,740
Total		$	336,672	$	(49,234	)	$	(66,363	)	$	221,075	$	336,511	$	(49,234	)	$	(63,714	)	$	223,563

Annual amortization expense of intangible assets for the next five years is estimated to be as follows (in thousands):



	Annual Estimated Expense
2012	$	10,217
2013	9,956
2014	9,743
2015	9,548
2016	7,623

- 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.

+ References+ Details