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Other Intangible Assets, net
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets, net
Other Intangible Assets, net
The following presents a summary of other intangible assets:
 
 
 
December 31,
 
 
 
2018
 
2017
(millions)
Weighted
Average
Life
(Years)
 
Acquired
Intangible
Assets,
Gross (1)
 
Accumulated
Amortization
 
Acquired
Intangible
Assets,
Net
 
Acquired
Intangible
Assets,
Gross (1)
 
Accumulated
Amortization
 
Acquired
Intangible
Assets,
Net
Covenant not to compete
4.9
 
$
1.6

 
$

 
$
1.6

 
$
0.9

 
$
(0.9
)
 
$

Trade names and trademarks
4.9
 
6.3

 
(0.7
)
 
5.6

 
9.8

 
(9.7
)
 
0.1

Proprietary know how
5.7
 
11.0

 
(0.8
)
 
10.2

 
34.6

 
(34.5
)
 
0.1

Management contract rights
10.0
 
81.0

 
(32.2
)
 
48.8

 
81.0

 
(27.1
)
 
53.9

Customer relationships
14.9
 
100.4

 
(0.6
)
 
99.8

 

 

 

Acquired intangible assets, net (2)
12.5
 
$
200.3

 
$
(34.3
)
 
$
166.0

 
$
126.3

 
$
(72.2
)
 
$
54.1


(1) Excludes the original cost and accumulated amortization on fully amortized intangible assets.
(2) Intangible assets have estimated remaining lives between a half year and 16 years.
The table below shows the amortization expense related to intangible assets for the years ended December 31, 2018, 2017 and 2016, and is included in Depreciation and amortization within the Consolidated Statements of Income.
 
Year Ended December 31,
(millions)
2018
 
2017
 
2016
Amortization expense
$
6.1

 
$
7.2

 
$
14.6


The expected future amortization of intangible assets as of December 31, 2018 is as follows:
(millions)
Intangible asset
amortization
2019
$
15.1

2020
15.1

2021
15.1

2022
15.0

2023
14.9

2024 and thereafter
90.8

Total
$
166.0