XML 54 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Other Intangible Assets, net (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in the carrying amount of goodwill The changes in the carrying amount of goodwill, net by segment follows:
(in millions)
 
CCM
 
CIT
 
CFT
 
CBF (1)
 
Total
Net balance as of December 31, 2016
 
$
117.5

 
$
639.1

 
$
167.9

    
$
96.4

 
$
1,020.9

Goodwill acquired during year (2)
 
420.2

 

 

 

 
420.2

Measurement period adjustments
 

 
0.3

 

 

 
0.3

Currency translation and other
 
6.6

 
0.9

 
3.1

 
0.1

 
10.7

Net balance as of December 31, 2017
 
$
544.3

 
$
640.3

 
$
171.0

 
$
96.5

 
$
1,452.1

Goodwill acquired during year (2), (3)
 
2.8

 
2.7

 

 

 
5.5

Measurement period adjustments
 
(12.0
)
 

 

 

 
(12.0
)
Currency translation and other
 
(2.3
)
 
0.1

 
(1.5
)
 
(0.1
)
 
(3.8
)
Net balance as of December 31, 2018
 
$
532.8

 
$
643.1

 
$
169.5

 
$
96.4

 
$
1,441.8

(1) 
CBF goodwill balance as of December 31, 2016, is presented net of accumulated impairment losses of $130.0 million recorded in 2016. No other segments have incurred impairment losses.
(2) 
See Note 3 for further information on goodwill resulting from recent acquisitions.
(3) 
During 2018, Carlisle acquired three businesses for an aggregate purchase price of $20.1 million.
Summary of other intangible assets, net Other Intangible Assets, net
 
 
December 31, 2018
 
December 31, 2017
(in millions)
 
Acquired Cost
 
Accumulated Amortization
 
Net Book Value
 
Acquired Cost
 
Accumulated Amortization
 
Net Book Value
Assets subject to amortization:
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 
$
843.8

 
$
(287.7
)
 
$
556.1

 
$
844.8

 
$
(230.8
)
 
$
614.0

Technology and intellectual property
 
268.8

 
(129.3
)
 
139.5

 
272.0

 
(95.6
)
 
176.4

Trade names and other
 
45.4

 
(16.4
)
 
29.0

 
40.1

 
(9.6
)
 
30.5

Assets not subject to amortization:
 
 

 
 

 
 

 
 

 
 

 
 

Trade names
 
243.1

 

 
243.1

 
244.1

 

 
244.1

Other intangible assets, net
 
$
1,401.1

 
$
(433.4
)
 
$
967.7

 
$
1,401.0

 
$
(336.0
)
 
$
1,065.0

Schedule of intangible assets subject to amortization The remaining weighted-average amortization period of intangible assets subject to amortization as of December 31, 2018, follows (in years):
Customer relationships
 
10.0
Technology and intellectual property
 
6.4
Trade names and other
 
8.5
Total assets subject to amortization
 
9.2
Schedule of estimated future amortization expense Intangible assets subject to amortization as of December 31, 2018, will be amortized as follows:
(in millions)
 
2019
 
2020
 
2021
 
2022
 
2023
 
Thereafter
Estimated future amortization expense
 
$
98.2

 
$
95.0

 
$
87.4

 
$
73.4

 
$
68.0

 
$
302.6

Summary of the net book values of other intangible assets, net by reportable segment The net carrying values of the Company’s other intangible assets, net by reportable segment follows:
(in millions)
 
December 31, 2018
 
December 31, 2017
Carlisle Construction Materials
 
$
285.3

 
$
325.1

Carlisle Interconnect Technologies
 
313.4

 
344.5

Carlisle Fluid Technologies
 
280.9

 
302.5

Carlisle Brake & Friction
 
86.6

 
92.9

Corporate
 
1.5

 

Total
 
$
967.7

 
$
1,065.0