Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2011

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Other Intangible Assets

The change in carrying amount of goodwill by business segment for the six months ended June 30, 2011 is as follows:



	Harland Clarke		Harland Financial Solutions			Scantron			Licorice Products		Total
Balance as of December 31, 2010	$	779.4	$	452.2		$	295.2		$	43.0	$	1,569.8
2010 acquisitions	—		(1.4		)	(1.1		)	—		(2.5		)
2011 acquisition	—		—			93.1			—		93.1
Effect of exchange rate changes	—		0.6			0.2			1.1		1.9
Balance as of June 30, 2011	$	779.4	$	451.4		$	387.4		$	44.1	$	1,662.3

Useful lives, gross carrying amounts and accumulated amortization for other intangible assets are as follows:



		Gross Carrying Amount				Accumulated Amortization
	Useful Life (in years)	June 30, 2011		December 31, 2010		June 30, 2011		December 31, 2010
Amortized intangible assets:
Customer relationships	3 - 20	$	1,315.0	$	1,243.7	$	399.5	$	350.7
Trademarks and tradenames	2 - 25	157.5		155.0		16.5		12.3
Software and other	2 - 10	92.7		71.9		43.6		37.4
Patents and patents pending	3 - 20	21.5		21.9		6.3		5.7
		1,586.7		1,492.5		465.9		406.1
Indefinite-lived intangible assets:
Product formulations		109.8		109.9		—		—
Tradename		11.0		11.0		—		—
Total other intangible assets		$	1,707.5	$	1,613.4	$	465.9	$	406.1

Amortization expense was $30.1 and $60.1 for the three and six months ended June 30, 2011, respectively, and $27.2 and $54.3 for the three and six months ended June 30, 2010, respectively.

The weighted average amortization period for all amortizable intangible assets recorded in connection with the GlobalScholar acquisition was 5.3 years. The weighted average amortization period for each major class of amortizable intangible assets recorded in connection with the GlobalScholar acquisition was as follows: customer relationships - 5.1 years, trademarks and tradenames - 5.0 years and software - 6.0 years.

Estimated aggregate amortization expense for intangible assets through December 31, 2015 is as follows:



Six months ending December 31, 2011	$	60.7
Year ending December 31, 2012	116.6
Year ending December 31, 2013	108.1
Year ending December 31, 2014	99.0
Year ending December 31, 2015	91.9

- 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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