Rendering

Component: (Network and Table)
Network
2302302 - Disclosure - Summary of Significant Accounting Policies (Tables)
(http://www.hologic.com/role/SummaryOfSignificantAccountingPoliciesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Accounting Policies [Abstract]Period [Axis]
2015-09-27 - 2016-09-24
Accounting Policies [Abstract]
 
Summary of Marketable Securities
The following reconciles cost basis to fair market value.
 
 
Cost
 
Gross Unrealized
Gains
 
Gross Unrealized
Losses
 
Other Than Temporary Impairment
 
Fair Value
As of September 24, 2016
 
$
2.4

 
$

 
$
(0.3
)
 
$
(1.1
)
 
$
1.0

As of September 26, 2015
 
$
16.1

 
$
7.2

 
$
(0.3
)
 
$
(7.8
)
 
$
15.2

As of September 27, 2014
 
$
15.5

 
$
10.2

 
$
(1.3
)
 
$

 
$
24.4

 
 
Supplemental Cash Flow Statement Information
Supplemental Cash Flow Statement Information
 
 
 
Years ended
September 24, 2016
 
September 26, 2015
 
September 27, 2014
Cash paid during the period for income taxes
 
$
184.8

 
$
168.7

 
$
231.8

Cash paid during the period for interest
 
$
104.0

 
$
143.0

 
$
155.7

 
 
Schedule of Inventories
Inventories consisted of the following:
 
 
 
September 24, 2016
 
September 26, 2015
Raw materials
 
$
96.4

 
$
98.3

Work-in-process
 
51.7

 
58.7

Finished goods
 
126.6

 
126.1

 
 
$
274.7

 
$
283.1

 
 
Schedule of Property, Plant and Equipment
Property, plant and equipment consisted of the following:
 
 
September 24, 2016
 
September 26, 2015
Equipment and software
 
$
381.9

 
$
365.9

Equipment under customer usage agreements
 
334.6

 
305.7

Buildings and improvements
 
186.1

 
182.1

Leasehold improvements
 
65.6

 
59.2

Land
 
51.9

 
51.4

Furniture and fixtures
 
18.4

 
17.3

 
 
1,038.5

 
981.6

Less - accumulated depreciation and amortization
 
(578.3
)
 
(524.5
)
 
 
$
460.2

 
$
457.1

Property, plant and equipment are depreciated over the following estimated useful lives:
Asset Classification
  
Estimated Useful Life
Building and improvements
  
35–40 years
Equipment and software
  
3–10 years
Equipment under customer usage agreements
  
3–8 years
Furniture and fixtures
  
5–7 years
Leasehold improvements
  
Shorter of the Original Term of Lease
or Estimated Useful Life
 
 
Schedule of Intangible Assets
Intangible assets consisted of the following:
 
  
 
September 24, 2016
 
September 26, 2015
Description
 
Gross
Carrying
Value
 
Accumulated
Amortization
 
Gross
Carrying
Value
 
Accumulated
Amortization
Developed technology
 
$
3,983.7

 
$
1,991.6

 
$
3,979.1

 
$
1,698.5

In-process research and development
 
3.7

 

 
3.7

 

Customer relationships and contracts
 
1,098.9

 
546.2

 
1,101.1

 
467.5

Trade names
 
236.2

 
141.6

 
236.4

 
131.5

Business licenses
 
2.4

 
2.1

 
2.5

 
2.1

 
 
$
5,324.9


$
2,681.5


$
5,322.8


$
2,299.6

 
 
Schedule of Estimated Amortization Expense
The estimated amortization expense at September 24, 2016 for each of the five succeeding fiscal years was as follows:
 
Fiscal 2017
$
365.8

Fiscal 2018
$
355.0

Fiscal 2019
$
343.1

Fiscal 2020
$
331.4

Fiscal 2021
$
312.0

 
 
Rollforward of Goodwill Activity by Reportable Segment
A rollforward of goodwill activity by reportable segment from September 26, 2015 to September 24, 2016 is as follows:
 
 
Diagnostics
 
Breast Health
 
GYN Surgical
 
Skeletal Health
 
Total
Balance at September 26, 2015
$
1,152.3

 
$
631.8

 
$
1,016.0

 
$
8.1

 
$
2,808.2

Tax adjustments
(1.3
)
 

 

 

 
(1.3
)
Foreign currency and other
(2.8
)
 

 
(1.0
)
 

 
(3.8
)
Balance at September 24, 2016
$
1,148.2


$
631.8


$
1,015.0


$
8.1

 
$
2,803.1

 
 
Schedule of Other Assets
Other assets consisted of the following:
 
 
 
September 24, 2016
 
September 26, 2015
Other Assets
 
 
 
 
Life insurance contracts
 
$
36.0

 
$
27.5

Manufacturing access fees
 
9.6

 
11.6

Derivative assets
 
0.4

 
6.2

Mutual funds
 

 
5.6

Marketable securities
 
1.0

 
15.2

Cost-method equity investments
 
3.5

 
4.2

Deferred tax assets
 
9.3

 

Other
 
23.9

 
17.9

 
 
$
83.7

 
$
88.2

 
 
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
The following tables summarize the components and changes in accumulated balances of other comprehensive income for the periods presented:
 
Year Ended September 24, 2016
 
Year Ended September 26, 2015
 
Foreign Currency Translation
 
Marketable Securities
 
Pension Plans
 
Hedged Interest Rate Caps
 
Total
 
Foreign Currency Translation
 
Marketable Securities
 
Pension Plans
 
Hedged Interest Rate Caps
 
Total
Beginning Balance
$
(15.7
)
 
$
6.9

 
$
(1.8
)
 
$
(3.9
)
 
$
(14.5
)
 
$
(4.7
)
 
$
8.9

 
$
(1.6
)
 
$

 
$
2.6

Other comprehensive loss before reclassifications
(10.4
)
 
(1.1
)
 
(0.7
)
 
(3.4
)
 
(15.6
)
 
(20.6
)
 
(9.8
)
 
(0.2
)
 
(3.9
)
 
(34.5
)
(Gains) charges reclassified to statement of income

 
(6.1
)
 

 
3.9

 
(2.2
)
 
9.6

 
7.8

 

 

 
17.4

Ending Balance
$
(26.1
)
 
$
(0.3
)
 
$
(2.5
)
 
$
(3.4
)
 
$
(32.3
)
 
$
(15.7
)
 
$
6.9

 
$
(1.8
)
 
$
(3.9
)
 
$
(14.5
)
 
 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The table below presents the fair value of the Company's derivative financial instruments as well as their classification on the balance sheet as of September 24, 2016:
 
Balance Sheet Location
 
September 24, 2016
 
September 26, 2015

Assets:
 
 
 
 
 
Derivative instruments designated as a cash flow hedge:
 
 
 
 
 
Interest rate cap agreements
Prepaid expenses and other current assets
 
$
1.0

 
$
0.7

Interest rate cap agreements
Other Assets
 
0.4

 
6.2

 
 
 
$
1.4

 
$
6.9

 
 
 
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
 
 
Forward foreign currency contracts
Prepaid expenses and other current assets
 
$
0.2

 
$

 
 
 
 
 
 
Liabilities:
 
 
 
 
 
Derivatives not designated as hedging instruments:
 
 
 
 
 
Forward foreign currency contracts
Accrued expenses
 
$
1.3

 
$

 
 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]
The following table presents the unrealized loss recognized in AOCI related to the interest rate caps for the following reporting periods:
 
Year Ended
September 24, 2016
 
Year Ended
September 26, 2015
Amount of loss recognized in other comprehensive income, net of taxes:
 
 
 
Interest rate cap agreements
$
(3.4
)
 
$
(3.9
)
 
 
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
The following table presents the adjustment to fair value (realized and unrealized) recorded within the Consolidated Statements of Income for derivative instruments for which the Company did not elect hedge accounting:
Derivatives not classified as hedging instruments
 
 
Location of Gain (Loss) Recognized in Income
 
 
Year Ended
September 24, 2016
 
 
Forward foreign currency contracts
 
$
0.4

 
Other income (expense), net
 
 
Accounts Receivable Reserve Activity
Accounts receivable reserve activity for fiscal 2016, 2015 and 2014 was as follows:
 
 
 
Balance at
Beginning
of Period
 
Charged to
Costs and
Expenses
 
Write-
offs and
Payments
 
Balance at
End of
Period
Period Ended:
 
 
 
 
 
 
 
 
September 24, 2016
 
$
11.1

 
$
2.0

 
$
(0.4
)
 
$
12.7

September 26, 2015
 
$
12.0

 
$
1.6

 
$
(2.5
)
 
$
11.1

September 27, 2014
 
$
8.8

 
$
4.4

 
$
(1.2
)
 
$
12.0

 
 
Schedule of Reconciliation of Basic and Diluted Share Amounts
A reconciliation of basic and diluted share amounts for fiscal 2016, 2015, and 2014 was as follows:
 
 
September 24, 2016
 
September 26, 2015
 
September 27, 2014
Basic weighted average common shares outstanding
 
280,213

 
280,566

 
275,499

Weighted average common stock equivalents from assumed exercise of stock options and restricted stock units
 
2,631

 
2,898

 
2,368

Incremental shares from Convertible Notes premium
 
3,312

 
6,073

 
493

Diluted weighted average common shares outstanding
 
286,156

 
289,537

 
278,360

Weighted-average anti-dilutive shares related to:
 
 
 
 
 
 
Outstanding stock options
 
1,029

 
1,502

 
5,033

Restricted stock units
 
62

 
49

 
20

 
 
Schedule of Product Warranty Activity
Product warranty activity for fiscal 2016 and 2015 was as follows:
 
 
 
Balance at
Beginning of
Period
 
Provisions
 
Settlements/
Adjustments
 
Balance at End
of Period
Period ended:
 
 
 
 
 
 
 
 
September 24, 2016
 
$
5.4

 
$
7.1

 
$
(7.5
)
 
$
5.0

September 26, 2015
 
$
6.3

 
$
6.1

 
$
(7.0
)
 
$
5.4