XML 41 R29.htm IDEA: XBRL DOCUMENT v3.22.0.1

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in the carrying value of goodwill by reportable segment for the years ended December 31, 2021 and 2020 are as follows:

(in millions)			Audio						Precision Devices						Total
Balance at January 1, 2020			$	878.7					$	31.2					$	909.9
Foreign currency translation			0.1						—						0.1
Balance at December 31, 2020			878.8						31.2						910.0
Acquisition			—						31.3						31.3
Balance at December 31, 2021			$	878.8					$	62.5					$	941.3

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, 2021												December 31, 2020
(in millions)			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Amortized intangible assets:
Trademarks			$	2.0					$	0.6					$	1.0					$	0.4
Patents			—						—						40.8						36.1
Customer relationships			36.4						5.9						12.0						5.2
Developed technology (1)			45.4						13.2						36.5						6.7
Other			2.4						1.2						1.8						0.7
Total			86.2						20.9						92.1						49.1
Unamortized intangible assets:
Trademarks			32.0												32.0
IPR&D (1)			—												3.7
Total			32.0												35.7
Total intangible assets, net			$	97.3											$	78.7

(1) The in-process research and development ("IPR&D") project acquired with the ASIC Design Business was completed during the third quarter of 2021. The IPR&D asset has been reclassified as a definite-lived intangible asset to be amortized on a straight-line basis over an estimated useful life of 9 years.

Schedule of Intangible Assets

The gross carrying value and accumulated amortization for each major class of intangible assets are as follows:

			December 31, 2021												December 31, 2020
(in millions)			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Amortized intangible assets:
Trademarks			$	2.0					$	0.6					$	1.0					$	0.4
Patents			—						—						40.8						36.1
Customer relationships			36.4						5.9						12.0						5.2
Developed technology (1)			45.4						13.2						36.5						6.7
Other			2.4						1.2						1.8						0.7
Total			86.2						20.9						92.1						49.1
Unamortized intangible assets:
Trademarks			32.0												32.0
IPR&D (1)			—												3.7
Total			32.0												35.7
Total intangible assets, net			$	97.3											$	78.7

(1) The in-process research and development ("IPR&D") project acquired with the ASIC Design Business was completed during the third quarter of 2021. The IPR&D asset has been reclassified as a definite-lived intangible asset to be amortized on a straight-line basis over an estimated useful life of 9 years.

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, 2021 and 2020 are as follows:

(in millions)			Audio						Precision Devices						Total
Balance at January 1, 2020			$	878.7					$	31.2					$	909.9
Foreign currency translation			0.1						—						0.1
Balance at December 31, 2020			878.8						31.2						910.0
Acquisition			—						31.3						31.3
Balance at December 31, 2021			$	878.8					$	62.5					$	941.3

The gross carrying value and accumulated amortization for each major class of intangible assets are as follows:

			December 31, 2021												December 31, 2020
(in millions)			Gross Carrying Amount						Accumulated Amortization						Gross Carrying Amount						Accumulated Amortization
Amortized intangible assets:
Trademarks			$	2.0					$	0.6					$	1.0					$	0.4
Patents			—						—						40.8						36.1
Customer relationships			36.4						5.9						12.0						5.2
Developed technology (1)			45.4						13.2						36.5						6.7
Other			2.4						1.2						1.8						0.7
Total			86.2						20.9						92.1						49.1
Unamortized intangible assets:
Trademarks			32.0												32.0
IPR&D (1)			—												3.7
Total			32.0												35.7
Total intangible assets, net			$	97.3											$	78.7

(1) The in-process research and development ("IPR&D") project acquired with the ASIC Design Business was completed during the third quarter of 2021. The IPR&D asset has been reclassified as a definite-lived intangible asset to be amortized on a straight-line basis over an estimated useful life of 9 years.

As of December 31, 2021, the weighted average remaining useful lives for the amortizable intangible assets are: trademarks at 7.4 years, customer relationships at 7.0 years, developed technology at 5.3 years, and other at 5.1 years. Patents had no remaining useful life as of December 31, 2021. The weighted average remaining useful life in total for all amortizable intangible assets was 6.2 years as of December 31, 2021.

Total amortization expense for the years ended December 31, 2021, 2020, and 2019 was $15.9 million, $13.0 million, and $7.0 million, respectively. Amortization expense for the next five years, based on current definite-lived intangible balances, is estimated to be as follows:

(in millions)
2022			$	12.2
2023			11.6
2024			11.6
2025			11.2
2026			5.3

Schedule of Future Amortization Expense

Amortization expense for the next five years, based on current definite-lived intangible balances, is estimated to be as follows:

(in millions)
2022			$	12.2
2023			11.6
2024			11.6
2025			11.2
2026			5.3

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:	dtr-types: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:	dtr-types: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=121556970&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=121556970&loc=d3e13854-109267

+ Details

Name:	us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types: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:	dtr-types: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:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration