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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2013
Goodwill and Other Intangible Assets [Abstract] |
Goodwill and Other Intangible Assets | (8) Goodwill and Other Intangible Assets We have goodwill, amortizable intangible assets and intangible assets that do not require amortization, as follows:
|  | September 30, 2013 |  |  | December 31, 2012 |
|  | Gross |  |  | Accumulated Amortization |  |  | Net |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Goodwill(1) |  | $ | 1,060.0 |  |  | $ | - |  |  | $ | 1,060.0 |  |  | $ | 1,041.3 |  |  | $ | - |  |  | $ | 1,041.3 |
Intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Finite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Technology |  | $ | 19.6 |  |  | $ | 19.6 |  |  | $ | - |  |  | $ | 19.6 |  |  | $ | 19.6 |  |  | $ | - |
Franchise agreements |  |  | 18.0 |  |  |  | 17.4 |  |  |  | 0.6 |  |  |  | 18.0 |  |  |  | 16.1 |  |  |  | 1.9 |
Customer relationships |  |  | 347.2 |  |  |  | 188.0 |  |  |  | 159.2 |  |  |  | 339.0 |  |  |  | 165.1 |  |  |  | 173.9 |
Other |  |  | 16.0 |  |  |  | 13.8 |  |  |  | 2.2 |  |  |  | 15.2 |  |  |  | 12.4 |  |  |  | 2.8 |
|  |  | 400.8 |  |  |  | 238.8 |  |  |  | 162.0 |  |  |  | 391.8 |  |  |  | 213.2 |  |  |  | 178.6 |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames(2) |  |  | 54.0 |  |  |  | - |  |  |  | 54.0 |  |  |  | 54.0 |  |  |  | - |  |  |  | 54.0 |
Reacquired franchise rights |  |  | 97.9 |  |  |  | - |  |  |  | 97.9 |  |  |  | 98.0 |  |  |  | - |  |  |  | 98.0 |
|  |  | 151.9 |  |  |  | - |  |  |  | 151.9 |  |  |  | 152.0 |  |  |  | - |  |  |  | 152.0 |
Total intangible assets |  | $ | 552.7 |  |  | $ | 238.8 |  |  | $ | 313.9 |  |  | $ | 543.8 |  |  | $ | 213.2 |  |  | $ | 330.6 |
(1) Balances were net of accumulated impairment loss of $513.4 as of both September 30, 2013 and December 31, 2012. (2) Balances were net of accumulated impairment loss of $139.5 as of both September 30, 2013 and December 31, 2012. Total consolidated amortization expense related to intangible assets for the remainder of 2013 is expected to be $8.6 and in each of the next five years is expected to be as follows: 2014 - $29.0, 2015 - $25.8, 2016 - $22.7, 2017 - $20.2 and 2018 - $17.9. Changes in the carrying value of goodwill by reportable segment and Corporate were as follows:
|  | Americas(1) |  |  | Southern Europe(2) |  |  | Northern Europe |  |  | APME |  |  | Right Management |  |  | Corporate(3) |  |  | Total |
Balance, January 1, 2013 |  | $ | 467.1 |  |  | $ | 103.3 |  |  | $ | 270.7 |  |  | $ | 73.2 |  |  | $ | 62.1 |  |  | $ | 64.9 |  |  | $ | 1,041.3 |
Goodwill acquired |  |  | - |  |  |  | - |  |  |  | 17.3 |  |  |  | 8.0 |  |  |  | - |  |  |  | - |  |  |  | 25.3 |
Currency and other impacts |  |  | (0.7 | ) |  |  | 2.8 |  |  |  | 0.1 |  |  |  | (8.8 | ) |  |  | - |  |  |  | - |  |  |  | (6.6 | )
Balance, September 30, 2013 |  | $ | 466.4 |  |  | $ | 106.1 |  |  | $ | 288.1 |  |  | $ | 72.4 |  |  | $ | 62.1 |  |  | $ | 64.9 |  |  | $ | 1,060.0 |
(1) Balances related to the United States were $448.5 as of both January 1, 2013 and September 30, 2013. (2) Balances related to France were $83.8 and $85.9 as of January 1, 2013 and September 30, 2013, respectively. Balances related to Italy were $5.5 and $5.6 as of January 1, 2013 and September 30, 2013, respectively. (3) The majority of the Corporate balance relates to goodwill attributable from our acquisition of Jefferson Wells ($55.5) which is part of the United States reporting unit. For purposes of monitoring our total assets by segment, we do not allocate the Corporate balance to the respective reportable segments as this is commensurate with how we operate our business. We do, however, include these balances within the appropriate reporting units for our goodwill impairment testing. See table below for the breakout of goodwill balances by reporting unit. Goodwill balances by reporting unit were as follows:
|  | September 30, |  |  | January 1, |
|  | 2013 |  |  | 2013 |
United States |  | $ | 504.0 |  |  | $ | 504.0 |
France |  |  | 85.9 |  |  |  | 83.8 |
Netherlands |  |  | 82.8 |  |  |  | 80.7 |
Right Management |  |  | 62.1 |  |  |  | 62.1 |
Other reporting units |  |  | 325.2 |  |  |  | 310.7 |
Total goodwill |  | $ | 1,060.0 |  |  | $ | 1,041.3 |

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16373-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7658586&loc=d3e16265-109275 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 42, 43, 44, 45, 46, 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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