Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2012

NOTE 4 — GOODWILL AND DEFINITE LIVED INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for the years ended December 31, 2012 and 2011, by operating segment, were as follows ($ in millions):


	Environmental Solutions		Fire Rescue			Safety & Security			Total
December 31, 2010	$	120.4	$	33.9		$	118.2		$	272.5
Translation adjustments		-		(0.7	)		(1.2	)		(1.9	)

December 31, 2011		120.4		33.2			117.0			270.6
Translation adjustments		-		0.6			1.1			1.7

December 31, 2012	$	120.4	$	33.8		$	118.1		$	272.3

The following table provides the gross carrying value and accumulated amortization for each major class of intangible assets ($ in millions):


	Weighted Average Useful Life (Years)
			December 31, 2012							December 31, 2011
			Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Amortizable intangible assets:
Developed software		5	$	6.0	$	(5.4	)	$	0.6	$	6.0	$	(4.4	)	$	1.6
Patents		10		0.6		(0.5	)		0.1		0.6		(0.4	)		0.2

Total		5.5	$	6.6	$	(5.9	)	$	0.7	$	6.6	$	(4.8	)	$	1.8

Amortization expense for the years ended December 31, 2012, 2011 and 2010 totaled $1.0 million, $1.3 million and $1.3 million, respectively. The Company estimates that the aggregate amortization expenses will be $0.2 million in 2013, $0.2 million in 2014, $0.2 million in 2015, $0.1 million in 2016, and $0.0 million thereafter. Actual amounts of amortization may differ from estimated amounts due to additional intangible asset acquisitions, changes in foreign currency rates, impairment of intangible assets and other events.

The Company determined that the trade name assets associated with the FSTech Group with a carrying value of $7.9 million were impaired, and recorded an impairment charge of $0.6 million in the second quarter of 2012. The Company’s calculation of fair value of trade name assets was based on an income approach using discounted cash flow projections. The trade name assets were sold to 3M Company as part of the sale of the FSTech Group.

- 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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