XML 42 R29.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | The changes in the carrying value of goodwill by reportable segment for the years ended December 31, 2018 and 2017 are as follows:
(in millions) | Audio |  | Precision Devices |  | Total
Balance at January 1, 2017 | $ | 846.6 |  |  | $ | 25.0 |  |  | $ | 871.6 |
Foreign currency translation | 13.3 |  |  | — |  |  | 13.3 |
Balance at December 31, 2017 | 859.9 |  |  | 25.0 |  |  | 884.9 |
Acquisition | — |  |  | 3.0 |  |  | 3.0 |
Balance at December 31, 2018 | $ | 859.9 |  |  | $ | 28.0 |  |  | $ | 887.9 |
Schedule of Finite-Lived Intangible Assets | The gross carrying value and accumulated amortization for each major class of intangible assets are as follows:
| December 31, 2018 |  | December 31, 2017
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortized intangible assets: |  |  |  |  |  |  |
Trademarks | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 0.3 |  |  | $ | 0.2 |
Patents | 40.8 |  |  | 26.9 |  |  | 40.8 |  |  | 22.2 |
Customer relationships | 10.6 |  |  | 2.0 |  |  | 3.3 |  |  | 0.7 |
Unpatented technologies | 4.4 |  |  | 2.7 |  |  | 2.4 |  |  | 2.2 |
Other | 0.2 |  |  | — |  |  | — |  |  | — |
Total | 56.5 |  |  | 31.8 |  |  | 46.8 |  |  | 25.3 |
Unamortized intangible assets: |  |  |  |  |  |  |
Trademarks | 32.0 |  |  |  |  | 32.0 |  |  |
Total intangible assets, net | $ | 56.7 |  |  |  |  | $ | 53.5 |  |  |
Schedule of Intangible Assets | The gross carrying value and accumulated amortization for each major class of intangible assets are as follows:
| December 31, 2018 |  | December 31, 2017
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortized intangible assets: |  |  |  |  |  |  |
Trademarks | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 0.3 |  |  | $ | 0.2 |
Patents | 40.8 |  |  | 26.9 |  |  | 40.8 |  |  | 22.2 |
Customer relationships | 10.6 |  |  | 2.0 |  |  | 3.3 |  |  | 0.7 |
Unpatented technologies | 4.4 |  |  | 2.7 |  |  | 2.4 |  |  | 2.2 |
Other | 0.2 |  |  | — |  |  | — |  |  | — |
Total | 56.5 |  |  | 31.8 |  |  | 46.8 |  |  | 25.3 |
Unamortized intangible assets: |  |  |  |  |  |  |
Trademarks | 32.0 |  |  |  |  | 32.0 |  |  |
Total intangible assets, net | $ | 56.7 |  |  |  |  | $ | 53.5 |  |  |
Goodwill and Other Intangible Assets | 7. Goodwill and Other Intangible Assets The changes in the carrying value of goodwill by reportable segment for the years ended December 31, 2018 and 2017 are as follows:
(in millions) | Audio |  | Precision Devices |  | Total
Balance at January 1, 2017 | $ | 846.6 |  |  | $ | 25.0 |  |  | $ | 871.6 |
Foreign currency translation | 13.3 |  |  | — |  |  | 13.3 |
Balance at December 31, 2017 | 859.9 |  |  | 25.0 |  |  | 884.9 |
Acquisition | — |  |  | 3.0 |  |  | 3.0 |
Balance at December 31, 2018 | $ | 859.9 |  |  | $ | 28.0 |  |  | $ | 887.9 |
The gross carrying value and accumulated amortization for each major class of intangible assets are as follows:
| December 31, 2018 |  | December 31, 2017
(in millions) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortized intangible assets: |  |  |  |  |  |  |
Trademarks | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 0.3 |  |  | $ | 0.2 |
Patents | 40.8 |  |  | 26.9 |  |  | 40.8 |  |  | 22.2 |
Customer relationships | 10.6 |  |  | 2.0 |  |  | 3.3 |  |  | 0.7 |
Unpatented technologies | 4.4 |  |  | 2.7 |  |  | 2.4 |  |  | 2.2 |
Other | 0.2 |  |  | — |  |  | — |  |  | — |
Total | 56.5 |  |  | 31.8 |  |  | 46.8 |  |  | 25.3 |
Unamortized intangible assets: |  |  |  |  |  |  |
Trademarks | 32.0 |  |  |  |  | 32.0 |  |  |
Total intangible assets, net | $ | 56.7 |  |  |  |  | $ | 53.5 |  |  |
Total amortization expense for the years ended December 31, 2018, 2017, and 2016 was $6.5 million, $7.3 million, and $18.2 million, respectively. Amortization expense is primarily recorded in Selling and administrative expenses in the Consolidated Statements of Earnings. Amortization expense for the next five years, based on current intangible balances, is estimated to be as follows:
(in millions) |
2019 | $ | 6.4 |
2020 | 6.4 |
2021 | 6.3 |
2022 | 1.1 |
2023 | 1.0 |
Schedule of Future Amortization Expense | Amortization expense for the next five years, based on current intangible balances, is estimated to be as follows:
(in millions) |
2019 | $ | 6.4 |
2020 | 6.4 |
2021 | 6.3 |
2022 | 1.1 |
2023 | 1.0 |

X
- References No definition available. + 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 goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -Subparagraph (b),(d) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleOfIndefiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration