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Other Intangible Assets, net (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets, Net

The components of other intangible assets, net, at June 30, 2020 and December 31, 2019 were as follows:

 

 

 

 

 

 

 

June 30, 2020 (unaudited)

 

 

December 31, 2019

 

(millions)

 

Weighted

Average

Life (Years)

 

 

Acquired

Intangible

Assets,

Gross

 

 

Accumulated

Amortization

 

 

Acquired

Intangible

Assets,

Net

 

 

Acquired

Intangible

Assets,

Gross

 

 

Accumulated

Amortization

 

 

Acquired

Intangible

Assets,

Net

 

Covenant not to compete

 

 

2.5

 

 

$

2.9

 

 

$

(0.8

)

 

$

2.1

 

 

$

2.9

 

 

$

(0.3

)

 

$

2.6

 

Trade names and trademarks

 

 

3.4

 

 

 

5.6

 

 

 

(1.8

)

 

 

3.8

 

 

 

5.6

 

 

 

(1.2

)

 

 

4.4

 

Proprietary know how

 

 

4.2

 

 

 

6.7

 

 

 

(2.8

)

 

 

3.9

 

 

 

10.4

 

 

 

(2.0

)

 

 

8.4

 

Management contract rights

 

 

8.6

 

 

 

81.0

 

 

 

(40.0

)

 

 

41.0

 

 

 

81.0

 

 

 

(37.4

)

 

 

43.6

 

Customer relationships

 

 

13.4

 

 

 

100.4

 

 

 

(10.5

)

 

 

89.9

 

 

 

100.4

 

 

 

(7.2

)

 

 

93.2

 

Acquired intangible assets, net (1)

 

 

11.1

 

 

$

196.6

 

 

$

(55.9

)

 

$

140.7

 

 

$

200.3

 

 

$

(48.1

)

 

$

152.2

 

 

(1)  Intangible assets have estimated remaining lives between one and fourteen years.

Summary of Amortization of Intangible Assets

The table below shows the amortization expense related to intangible assets for the three and six months ended June 30, 2020 and 2019, respectively, and is included in Depreciation and amortization within the Condensed Consolidated Statements of Income:

 

 

 

Three Months Ended

 

Six Months Ended

 

(millions) (unaudited)

 

June 30, 2020

 

 

June 30, 2019

 

June 30, 2020

 

 

June 30, 2019

 

Amortization expense

 

$

3.9

 

 

$

3.8

 

$

7.8

 

 

$

7.6