Goodwill And Other Intangible Assets, Net

6. Goodwill and Other Intangible Assets, Net

Goodwill and other intangible assets, net are summarized as follows (in millions):


Goodwill:
April 29, 2011	$	760.3
Additions		143.7
Adjustments		1.2

January 27, 2012	$	905.2


	January 27, 2012							April 29, 2011
	Gross Carrying Amount		Accumulated Amortization			Other Intangible Assets, Net		Gross Carrying Amount		Accumulated Amortization			Other Intangible Assets, Net
Other Intangible Assets, Net:
Developed technology	$	282.1	$	(65.0	)	$	217.1	$	66.1	$	(23.2	)	$	42.9
Customer contracts/relationships		59.5		(26.5	)		33.0		12.0		(4.6	)		7.4
Trademarks and trade names		14.7		(8.7	)		6.0		7.7		(5.5	)		2.2
Covenants not to compete		2.2		(0.8	)		1.4		0.6		(0.1	)		0.5

Total other intangible assets	$	358.5	$	(101.0	)	$	257.5	$	86.4	$	(33.4	)	$	53.0

Amortization expense for other intangible assets is summarized below (in millions):


	Three Months Ended				Nine Months Ended
	January 27, 2012		January 28, 2011		January 27, 2012		January 28, 2011		Statements of Operations Classifications
Developed technology	$	14.0	$	2.5	$	41.9	$	10.2	Cost of product revenues
Customer contracts/relationships		6.4		0.6		21.8		2.2	Sales and marketing
Trademarks and trade names		1.0		0.3		3.3		0.9	Sales and marketing
Covenants not to compete		0.2		0.0		0.6		0.0	Sales and marketing/Research and development

	$	21.6	$	3.4	$	67.6	$	13.3

As of January 27, 2012, future amortization expense related to identifiable intangible assets is as follows (in millions):


Fiscal Year	Amount
Remainder of 2012	$	21.4
2013		84.2
2014		52.0
2015		50.7
2016		46.9
2017		2.3

Total	$	257.5

- 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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