Goodwill and Other Intangible Assets

9 Months Ended

Oct. 01, 2011

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets [Text Block]

5. Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill as of October 1, 2011 and January 1, 2011 by reportable segment are as follows (in thousands):

	Envelopes, Forms and Labels		Commercial Printing			Total
Balance as of January 1, 2011	$	152,866	$	56,295		$	209,161
Acquisitions, net		—		(1,165	)		(1,165	)
Foreign currency translation		—		(234	)		(234	)
Balance as of October 1, 2011	$	152,866	$	54,896		$	207,762

Other intangible assets are as follows (in thousands):

	October 1, 2011					January 1, 2011
	Weighted Average Remaining Amortization Period (Years)	Gross Carrying Amount	Impairment Charge	Accumulated Amortization	Net Carrying Amount	Gross Carrying Amount	Impairment Charge	Accumulated Amortization	Net Carrying Amount
Intangible assets with determinable lives:
Customer relationships	12	$ 181,067	$ (27,234)	$ (55,360)	$ 98,473	$ 179,722	$ (27,234)	$ (48,308)	$ 104,180
Trademarks and trade names	21	26,261	—	(6,903)	19,358	25,261	—	(5,934)	19,327
Patents	8	3,528	—	(2,515)	1,013	3,028	—	(2,292)	736
Non-compete agreements	1	510	—	(421)	89	1,616	—	(1,444)	172
Other	7	600	—	(143)	457	802	—	(293)	509
Subtotal	14	211,966	(27,234)	(65,342)	119,390	210,429	(27,234)	(58,271)	124,924

Intangible assets with indefinite lives:
Trademarks		143,500	(22,000)	—	121,500	143,500	(22,000)	—	121,500
Total		$ 355,466	$ (49,234)	$ (65,342)	$ 240,890	$ 353,929	$ (49,234)	$ (58,271)	$ 246,424

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

		Annual Estimated Expense
2011	$	11,173
2012		10,994
2013		10,710
2014		10,581
2015		9,443

- 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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