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Business Combinations | 12 Months Ended
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Dec. 30, 2016
Business Combinations [Abstract] |
Business Combinations | BUSINESS COMBINATIONS During fiscal 2016, 2015 and 2014 the Company acquired multiple businesses, all with cash consideration. The Consolidated Statements of Income include the operating results of the businesses from the dates of acquisition. During fiscal 2016, the Company acquired four businesses, all with cash consideration, all in its Engineering and Construction segment. The purchase prices ranged from less than $0.3 million to $14.0 million. The acquisitions were not significant individually or in the aggregate. The largest acquisition was of a company that manages content and software solutions enable Mechanical, Electrical and Plumbing (MEP) contractors and engineers to produce intelligent and constructible models, based in Rocklin, California. In the aggregate, the businesses acquired during fiscal 2016 contributed less than one percent to the Company's total revenue during fiscal 2016. During fiscal 2015, the Company acquired thirteen businesses, all with cash consideration, in its Engineering and Construction, Field Solutions and Mobile Solutions segments. The acquisitions were not significant individually or in the aggregate. The purchase prices ranged from less than $2.0 million to $30.0 million. The largest acquisition was a Norwegian company specializing in BIM software for infrastructure design software solutions across the European region. In the aggregate, the businesses acquired during fiscal 2015 collectively contributed less than one percent to the Company's total revenue during fiscal 2015. During fiscal 2014, the Company acquired thirteen businesses across its Engineering and Construction, Field Solutions, and Mobile Solutions segments. The purchase prices ranged from less than $0.6 million to $83.1 million. The largest acquisition was of a company that provides software solutions to MEP industry and a software provider for real estate and facility management, based in London within the Engineering and Construction segment. In the aggregate, the businesses acquired during fiscal 2014 collectively contributed less than one percent to the Company's total revenue during fiscal 2014. The Company determined the total consideration paid for each of its acquisitions as well as the fair value of the assets acquired and liabilities assumed as of the date of each acquisition. For certain acquisitions completed in fiscal 2016, the fair value of the assets acquired and liabilities assumed are preliminary and may be adjusted as the Company obtains additional information, primarily related to adjustments for the true up of acquired net working capital in accordance with certain purchase agreements, and estimated values of certain net tangible assets and liabilities including tax balances, pending the completion of final studies and analyses. If there are adjustments made for these items the fair value of intangible assets and goodwill could be impacted. Thus the provisional measurements of fair value set forth below are subject to change. Such changes could be significant. The Company expects to finalize the valuation of the net tangible and intangible assets as soon as practicable, but not later than one-year from the acquisition date. The fair value of identifiable assets acquired and liabilities assumed were determined under the acquisition method of accounting for business combinations. The excess of purchase consideration over the fair value of net tangible and identifiable intangible assets acquired was recorded as goodwill. The fair value of intangible assets acquired is generally determined based on a discounted cash flow analysis. Acquisition costs of $6.9 million, $12.0 million and $13.4 million in fiscal 2016, 2015 and 2014, respectively, were expensed as incurred, along with the changes in fair value of the contingent consideration liabilities, and are included in General and administrative expenses in the Consolidated Statements of Income. The following table summarizes the Company’s business combinations completed during fiscal 2016, 2015 and 2014:
(In millions) | Fiscal 2016 |  | Fiscal 2015 |  | Fiscal 2014
Fair value of total purchase consideration | $ | 27.6 |  |  | $ | 176.2 |  |  | $ | 331.8 |
Less fair value of net assets acquired: |  |  |  |  |
Net tangible assets acquired | (1.9 | ) |  | 8.0 |  |  | 41.2 |
Identified intangible assets | 13.6 |  |  | 83.3 |  |  | 155.8 |
Deferred taxes | (1.3 | ) |  | (13.6 | ) |  | (46.8 | )
Goodwill | $ | 17.2 |  |  | $ | 98.5 |  |  | $ | 181.6 |
Intangible Assets The following table presents details of the Company’s total intangible assets:
| At the End of Fiscal 2016 |  | At the End of Fiscal 2015
(In millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Developed product technology | $ | 794.8 |  |  | $ | (620.6 | ) |  | $ | 174.2 |  |  | $ | 802.1 |  |  | $ | (536.0 | ) |  | $ | 266.1 |
Trade names and trademarks | 50.9 |  |  | (42.9 | ) |  | 8.0 |  |  | 52.8 |  |  | (39.8 | ) |  | 13.0 |
Customer relationships | 438.7 |  |  | (294.1 | ) |  | 144.6 |  |  | 448.1 |  |  | (258.0 | ) |  | 190.1 |
Distribution rights and other intellectual properties | 64.3 |  |  | (57.8 | ) |  | 6.5 |  |  | 78.6 |  |  | (60.7 | ) |  | 17.9 |
| $ | 1,348.7 |  |  | $ | (1,015.4 | ) |  | $ | 333.3 |  |  | $ | 1,381.6 |  |  | $ | (894.5 | ) |  | $ | 487.1 |
The weighted-average amortization period is six years for developed product technology, five years for trade names and trademarks, seven years for customer relationships, and eight years for distribution rights and other intellectual properties. The estimated future amortization expense of intangible assets at the end of fiscal 2016 is as follows (in millions):
2017 | $ | 126.1 |
2018 | 98.7 |
2019 | 59.4 |
2020 | 32.1 |
2021 | 11.5 |
Thereafter | 5.5 |
Total | $ | 333.3 |
Goodwill The changes in the carrying amount of goodwill for fiscal 2016 are as follows (in millions):
| Engineering and Construction |  | Field Solutions |  | Mobile Solutions |  | Advanced Devices |  | Total
At the end of fiscal 2015 | $ | 1,140.1 |  |  | $ | 125.7 |  |  | $ | 822.9 |  |  | $ | 17.7 |  |  | $ | 2,106.4 |
Additions due to acquisitions and current year acquisitions' purchase price adjustments | 18.6 |  |  | — |  |  | — |  |  | — |  |  | 18.6 |
Purchase price adjustments - prior years' acquisitions | — |  |  | 0.2 |  |  | 0.1 |  |  | — |  |  | 0.3 |
Foreign currency translation adjustments | (35.1 | ) |  | (1.1 | ) |  | (3.9 | ) |  | 0.2 |  |  | (39.9 | )
Divestitures | (1.2 | ) |  | — |  |  | (6.6 | ) |  | — |  |  | (7.8 | )
At the end of fiscal 2016 | $ | 1,122.4 |  |  | $ | 124.8 |  |  | $ | 812.5 |  |  | $ | 17.9 |  |  | $ | 2,077.6 |
The Company sold the Omega Group assets, Advanced Public Safety (APS) business, and Gatewing business in fiscal 2016. Both Omega Group and APS businesses provided software solutions for public safety agencies and were part of the Company’s Mobile Solutions segment. Gatewing provided lightweight unmanned aerial vehicles for photogrammetry and rapid terrain mapping applications and was part of the Company's Engineering and Construction segment.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1497-128463 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1490-128463 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7008-128479 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1486-128463 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1524-128463 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e7000-128479 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4922-128472 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4934-128472 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4926-128472 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=73530397&loc=SL65897772-128472 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1383-128463 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6996-128479 + Details
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