Sunbeam 2013 Annual Report Download - page 50
Download and view the complete annual report
Please find page 50 of the 2013 Sunbeam annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.46 Jarden Corporation Annual Report 2013
6. Goodwill and Intangibles
Goodwill activity for 2013 and 2012 is as follows:
December31, 2013
(In millions)
Net Book
Value at
December31,
2012 Additions
Foreign
Exchange
and Other
Adjustments
Gross
Carrying
Amount
Accumulated
Impairment
Charges Net Book
Value
Goodwill
Outdoor Solutions $723.1 $ — $(4.6)$737.0 $(18.5) $718.5
Consumer Solutions 527.1 — (0.8)526.3 — 526.3
Branded Consumables 552.1 802.3 (0.6)1,577.0 (223.2) 1,353.8
Process Solutions 21.7 — — 21.7 — 21.7
$1,824.0 $802.3 $(6.0)$2,862.0 $(241.7) $2,620.3
December 31, 2012
(In millions)
Net Book
Value at
December31,
2011 Additions
Foreign
Exchange
and Other
Adjustments
Gross
Carrying
Amount
Accumulated
Impairment
Charges Net Book
Value
Goodwill
Outdoor Solutions $687.7 $35.9 $(0.5)$741.6 $(18.5)$723.1
Consumer Solutions 492.3 32.4 2.4 527.1 — 527.1
Branded Consumables 515.6 35.6 0.9 775.3 (223.2) 552.1
Process Solutions 21.5 0.2 — 21.7 — 21.7
$1,717.1 $104.1 $2.8$2,065.7 $(241.7)$1,824.0
In the fourth quarter of 2011, the Company’s annual impairment test, in connection with fourth quarter triggering events, resulted in a
$41.9 non-cash charge to reect impairment of goodwill in the Company’s Branded Consumables segment. The impairment charge was
recorded primarily within the United States Playing Cards business and was primarily due to a decrease in the fair value of forecasted
cash ows, reecting lower levels of revenues and margins in the business than originally forecast.
Intangibles activity for 2013 and 2012 is as follows:
(In millions)
Gross Carrying
Amount at
December31,
2012 Additions
Accumulated
Amortization
and Foreign
Exchange
Net Book
Value at
December31,
2013
Amortization
Periods
(years)
Intangibles
Patents $9.3 $ — $(3.7) $5.6 12-30
Manufacturing process and expertise 44.2 12.0 (42.3) 13.9 3-7
Brand names 18.3 5.0 (8.2) 15.1 4-20
Customer relationships and distributor channels 307.8 39.6 (69.7) 277.7 10-35
Trademarks and tradenames 980.9 1,100.0 (0.2) 2,080.7 indenite
$1,360.5 $1,156.6 $(124.1) $2,393.0
(In millions)
Gross Carrying
Amount at
December31,
2011 Additions
Accumulated
Amortization
and Foreign
Exchange
Net Book
Value at
December31,
2012
Amortization
Periods
(years)
Intangibles
Patents $7.5 $1.8 $(2.9)$6.4 12-30
Manufacturing process and expertise 42.1 2.1 (38.5) 5.7 3-7
Brand names 18.3 — (5.9) 12.4 4-20
Customer relationships and distributor channels 253.6 54.2 (54.3) 253.5 10-35
Trademarks and tradenames 922.0 58.9 (2.2) 978.7 indenite
$1,243.5 $117.0 $(103.8)$1,256.7
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2013 (Dollars in millions, except per share data and unless otherwise indicated)