XML 12 R17.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Goodwill and Other Intangible Assets | 3 Months Ended
--- | ---
Mar. 31, 2015
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | Note 10—Goodwill and Other Intangible Assets The changes in the carrying amount of Goodwill, net for the three months ended March 31, 2015 were as follows:
|  | Construction |  | Interconnect |  | Brake and |  | FoodService |  |  |
(in millions) |  | Materials |  | Technologies |  | Friction |  | Products |  | Total |
Gross balance at January 1, 2015 |  | $ | 123.3 |  | $ | 554.3 |  | $ | 226.6 |  | $ | 60.3 |  | $ | 964.5 |
Currency translation |  | (5.0 | ) | — |  | — |  | — |  | (5.0 | )
Net balance at March 31, 2015 |  | $ | 118.3 |  | $ | 554.3 |  | $ | 226.6 |  | $ | 60.3 |  | $ | 959.5 |
The Company’s Other intangible assets, net at March 31, 2015, were as follows:
|  | Acquired |  | Accumulated |  | Net Book |
(in millions) |  | Cost |  | Amortization |  | Value |
Assets subject to amortization: |  |  |  |  |  |  |
Patents and intellectual property |  | $ | 143.3 |  | $ | (39.9 | ) | $ | 103.4 |
Customer relationships |  | 490.2 |  | (128.7 | ) | 361.5 |
Other |  | 20.6 |  | (12.4 | ) | 8.2 |
Assets not subject to amortization: |  |  |  |  |  |  |
Trade names |  | 120.7 |  | — |  | 120.7 |
Other intangible assets, net |  | $ | 774.8 |  | $ | (181.0 | ) | $ | 593.8 |
The Company’s Other intangible assets, net at December 31, 2014, were as follows:
|  | Acquired |  | Accumulated |  | Net Book |
(in millions) |  | Cost |  | Amortization |  | Value |
Assets subject to amortization: |  |  |  |  |  |  |
Patents and intellectual property |  | $ | 146.6 |  | $ | (37.8 | ) | $ | 108.8 |
Customer relationships |  | 494.6 |  | (122.3 | ) | 372.3 |
Other |  | 20.6 |  | (12.1 | ) | 8.5 |
Assets not subject to amortization: |  |  |  |  |  |  |
Trade names |  | 122.1 |  | — |  | 122.1 |
Other intangible assets, net |  | $ | 783.9 |  | $ | (172.2 | ) | $ | 611.7 |
Estimated amortization expense for the remainder of 2015 and the next four years is as follows: $30.9 million remaining in 2015, $40.5 million in 2016, $39.7 million in 2017, $39.7 million in 2018, and $39.6 million in 2019. The net carrying values of the Company’s Other intangible assets by reportable segment were as follows:
|  | March 31, |  | December 31, |
(in millions) |  | 2015 |  | 2014 |
Carlisle Construction Materials |  | $ | 64.2 |  | $ | 72.3 |
Carlisle Interconnect Technologies |  | 378.9 |  | 386.6 |
Carlisle Brake & Friction |  | 121.9 |  | 123.5 |
Carlisle FoodService Products |  | 28.8 |  | 29.3 |
Total |  | $ | 593.8 |  | $ | 611.7 |

X
- Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration