Goodwill and Other Intangible Assets

9 Months Ended

Sep. 27, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill as of September 27, 2014, by reportable segment are as follows (in thousands):



	Envelope		Print		Label and Packaging			Total
Balance as of December 28, 2013	$	23,433	$	45,576	$	117,427		$	186,436
Foreign currency translation	—		62		(227		)	(165		)
Balance as of September 27, 2014	$	23,433	$	45,638	$	117,200		$	186,271

Other intangible assets are as follows (in thousands):



		September 27, 2014										December 28, 2013
	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 definite lives:
Customer relationships	8	$	144,873	$	(27,234	)	$	(60,155	)	$	57,484	$	144,898	$	(27,234	)	$	(53,682	)	$	63,982
Trademarks and trade names	22	77,760		(55,367		)	(9,220		)	13,173		77,754		(55,367		)	(6,734		)	15,653
Leasehold interest	19	4,430		—			(235		)	4,195		3,780		—			(55		)	3,725
Patents	11	3,528		—			(3,150		)	378		3,528		—			(3,039		)	489
Non-compete agreements		140		—			(140		)	—		140		—			(140		)	—
Subtotal	11	230,731		(82,601		)	(72,900		)	75,230		230,100		(82,601		)	(63,650		)	83,849

Intangible assets with indefinite lives:
Trademarks		84,900		—			—			84,900		84,900		—			—			84,900
Total		$	315,631	$	(82,601	)	$	(72,900	)	$	160,130	$	315,000	$	(82,601	)	$	(63,650	)	$	168,749

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



	Annual Estimated Expense
Remainder of 2014	$	2,436
2015	9,743
2016	7,977
2017	7,300
2018	7,159
2019	6,920
Thereafter	33,695
Total	$	75,230

Asset Impairments

There were no goodwill or intangible asset impairments recorded in the three and nine months ended September 27, 2014, and September 28, 2013.

- 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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