Equifax Inc. Current report filing

Current report filing

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the amount of goodwill for the twelve months ended December 31, 2012 and 2011, are as follows:

	U.S. Consumer						North America		North America
	Information				Workforce		Personal		Commercial
(In millions)	Solutions		International		Solutions		Solutions		Solutions		Total
Balance, December 31, 2010	$	628.5	$	346.9	$	899.9	$	1.8	$	37.6	$	1,914.7
Acquisitions		10.1		30.9		34.6		-		-		75.6
Adjustments to initial purchase price allocation		(0.2)		(0.1)		0.5		-		-		0.2
Foreign currency translation		-		4.0		-		-		(0.1)		3.9
Businesses sold		-		(33.2)		-		-		-		(33.2)
Balance, December 31, 2011		638.4		348.5		935.0		1.8		37.5		1,961.2
Acquisitions		309.3		12.0		-		-		-		321.3
Adjustments to initial purchase price allocation		-		-		(1.0)		-		-		(1.0)
Foreign currency translation		-		8.8		-		-		0.1		8.9
Balance, December 31, 2012	$	947.7	$	369.3	$	934.0	$	1.8	$	37.6	$	2,290.4

Schedule of Indefinite-Lived Intangible Assets

Indefinite-Lived Intangible Assets. Indefinite-lived intangible assets consist of contractual/territorial rights representing the estimated fair value of rights to operate in certain territories acquired through the purchase of independent credit reporting agencies in the U.S. and Canada. Our contractual/territorial rights are perpetual in nature and, therefore, the useful lives are considered indefinite. Indefinite-lived intangible assets are not amortized. As discussed in Note 1, we are required to test indefinite-lived intangible assets for impairment annually and whenever events or circumstances indicate that there may be an impairment of the asset value. We perform our annual indefinite-lived intangible asset impairment test as of September 30 each year. Our annual impairment tests as of September 30, 2012, 2011 and 2010 resulted in no impairment of our indefinite-lived intangible assets. Changes in the amounts of indefinite-lived intangible assets for the twelve months ended December 31, 2012 and 2011, are as follows:

	Amount
	(In millions)
Balance, December 31, 2010	$	95.6
Foreign currency translation		-
Balance, December 31, 2011		95.6
Acquisitions		158.8
Foreign currency translation		0.1
Balance, December 31, 2012	$	254.5

Purchased Intangible Assets

Purchased Intangible Assets. Purchased intangible assets net, recorded on our Consolidated Balance Sheets at December 31, 2012 and 2011, are as follows:

	December 31, 2012						December 31, 2011
			Accumulated						Accumulated
	Gross		Amortization		Net		Gross		Amortization		Net
	(In millions)
Definite-lived intangible assets:
Purchased data files	$	795.6	$	(229.2)	$	566.4	$	316.2	$	(240.5)	$	75.7
Acquired software and technology		34.4		(13.5)		20.9		68.3		(41.1)		27.2
Customer relationships		522.1		(164.5)		357.6		518.2		(130.3)		387.9
Proprietary database		125.0		(115.9)		9.1		125.0		(95.5)		29.5
Non-compete agreements		19.4		(5.5)		13.9		9.0		(3.1)		5.9
Trade names and other intangible assets		41.5		(21.7)		19.8		40.7		(16.7)		24.0
Total definite-lived intangible assets	$	1,538.0	$	(550.3)	$	987.7	$	1,077.4	$	(527.2)	$	550.2

Estimated Future Amortization Expense

Estimated future amortization expense from continuing operations related to definite-lived purchased intangible assets at December 31, 2012 is as follows:

Years ending December 31,	Amount
	(In millions)
2013	$	103.9
2014		91.6
2015		86.6
2016		81.2
2017		71.4
Thereafter		541.6
	$	976.3

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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