XML 19 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Indefinite-Lived Intangibles
 9 Months Ended
Sep. 29, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Indefinite-Lived Intangibles
GOODWILL AND INDEFINITE-LIVED INTANGIBLES
The changes in the carrying amount of goodwill and indefinite-lived intangibles are as follows:
(In millions)
Goodwill
 
Indefinite-lived
intangibles
 
Total
Balance at December 31, 2016
$
424.3

 
$
678.5

 
$
1,102.8

Sale of a business
—

 
(5.4
)
 
(5.4
)
Foreign currency translation effects
5.6

 
—

 
5.6

Balance at September 30, 2017
$
429.9

 
$
673.1

 
$
1,103.0

 
 
 
 
 
 
Balance at December 30, 2017
$
429.8

 
$
604.5

 
$
1,034.3

Foreign currency translation effects
(2.3
)
 
—

 
(2.3
)
Balance at September 29, 2018
$
427.5

 
$
604.5

 
$
1,032.0


In the fourth quarter of 2017, as a result of its annual impairment testing, the Company recognized a $68.6 million impairment charge for the Sperry® trade name. If the operating results for Sperry® were to decline in future periods compared to current projections, the Company may need to record an additional non-cash impairment charge. The carrying value of the Company’s Sperry® trade name indefinite-lived intangible asset was $518.2 million as of September 29, 2018.
In the third quarter of 2017, the Company sold certain intangible assets related to its Sebago® brand. See Note 17 for additional information.