Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

6.Goodwill and Intangible Assets

Goodwill

The following table sets forth the changes in the carrying amount of goodwill (in millions):

	Total
Balance at December 31, 2021	$	339.5
Current period additions/adjustments		74.7
Foreign currency effect		(18.0	)
Balance at June 30, 2022	$	396.2

Intangible Assets

The following is a summary of intangible assets (in millions):

	June 30, 2022							December 31, 2021
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Existing technology and related patents	$	324.8	$	(210.2	)	$	114.6	$	310.4	$	(206.8	)	$	103.6
Customer relationships		169.4		(63.3	)		106.1		156.1		(58.2	)		97.9
Trade names		18.4		(6.4	)		12.0		15.5		(5.8	)		9.7
Other		2.3		(1.5	)		0.8		1.8		(1.2	)		0.6
Intangible assets	$	514.9	$	(281.4	)	$	233.5	$	483.8	$	(272.0	)	$	211.8

For the three months ended June 30, 2022 and 2021, the Company recorded amortization expense of $9.4 million and $9.1 million, respectively, related to intangible assets subject to amortization. For the six months ended June 30, 2022 and 2021, the Company recorded amortization expense of $18.6 million and $18.0 million, respectively, related to intangible assets subject to amortization.

On a quarterly basis, the Company reviews its intangible assets to determine if there have been any events that could indicate an impairment. There were no events noted for the six months ended June 30, 2022 or 2021.