XML 43 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 28, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
Changes in the carrying amount of goodwill were as follows (in millions):
 
Goodwill
 
Accumulated Impairment Losses
 
Goodwill, net
Balance at December 28, 2012
$
94.3

 
$
(46.2
)
 
$
48.1

Goodwill acquired year to date (1)
23.4

 
—

 
23.4

Goodwill adjustments (1)
3.1

 
—

 
3.1

Impairment losses
—

 
—

 
—

Balance at June 28, 2013
$
120.8

 
$
(46.2
)
 
$
74.6

____________________
(1)
Goodwill acquired includes $22.6 million due to the MDT acquisition. We recorded goodwill adjustments of $3.1 million for the effect on goodwill of changes to net assets acquired during the measurement period relating to the MDT acquisition.
Goodwill acquired also includes $0.8 million of goodwill related to our acquisition of certain assets of Crowley.
Schedule of purchased intangible assets other than goodwill
The following table presents our purchased intangible assets other than goodwill (in millions):
 
June 28, 2013
 
December 28, 2012
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
Amortizable intangible assets (1):
 
 
 
 
 
 
 
 
 
 
 
Customer relationships (2)
$
28.3

 
$
(12.0
)
 
$
16.3

 
$
19.1

 
$
(10.5
)
 
$
8.6

Trade name/trademarks (2)
4.6

 
(2.1
)
 
2.5

 
3.5

 
(1.6
)
 
1.9

Non-compete agreements (2)
1.8

 
(0.3
)
 
1.5

 
1.8

 
(1.4
)
 
0.4

 
$
34.7

 
$
(14.4
)
 
$
20.3

 
$
24.4

 
$
(13.5
)
 
$
10.9

Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Trade name/trademarks
 
 
 
 
$
5.7

 
 
 
 
 
$
5.7

____________________
(1)
Excludes assets that are fully amortized.
(2)
Includes customer relationships, trade name, and non-compete agreement resulting from the MDT acquisition of $7.8 million, $1.0 million, and $1.4 million, respectively, and customer relationships and trade name resulting from the Crowley acquisition of $1.4 million and $0.1 million, respectively.
Schedule of estimated future amortization of definite-lived intangible assets
The following table provides the estimated future amortization of definite-lived intangible assets at June 28, 2013 (in millions):
Remainder of 2013
$
4.0

2014
4.6

2015
4.1

2016
3.7

2017
1.5

Thereafter
2.4

 
$
20.3