Goodwill and Other Intangible Assets

3 Months Ended

Apr. 01, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill as of April 1, 2017, by reportable segment are as follows (in thousands):



	Envelope		Print		Label		Total
Balance as of December 31, 2016	$	23,433	$	42,499	$	109,277	$	175,209
Foreign currency translation	—		230		—		230
Balance as of April 1, 2017	$	23,433	$	42,729	$	109,277	$	175,439

Other intangible assets are as follows (in thousands):



		April 1, 2017										December 31, 2016
	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	6	$	114,389	$	(27,234	)	$	(61,268	)	$	25,887	$	114,287	$	(27,234	)	$	(60,014	)	$	27,039
Trademarks and trade names	22	64,545		(46,493		)	(9,274		)	8,778		64,533		(46,493		)	(9,138		)	8,902
Leasehold interest	16	4,430		—			(799		)	3,631		4,430		—			(743		)	3,687
Patents	9	3,528		—			(3,234		)	294		3,528		—			(3,225		)	303
Subtotal	11	186,892		(73,727		)	(74,575		)	38,590		186,778		(73,727		)	(73,120		)	39,931

Intangible assets with indefinite lives:
Trade names		84,900		—			—			84,900		84,900		—			—			84,900
Total		$	271,792	$	(73,727	)	$	(74,575	)	$	123,490	$	271,678	$	(73,727	)	$	(73,120	)	$	124,831

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



	Annual Estimated Expense
Remainder of 2017	$	3,915
2018	5,003
2019	4,885
2020	4,885
2021	4,731
2022	4,250
Thereafter	10,921
Total	$	38,590

Asset Impairments

There were no goodwill or intangible asset impairments recorded in the three months ended April 1, 2017, or April 2, 2016, respectively.

- 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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