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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill

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

 

 

BSI BioSpin

 

 

BSI CALID

 

 

BSI Nano

 

 

BEST

 

 

Total

 

Balance at December 31, 2020

 

$

30.8

 

 

$

61.3

 

 

$

228.0

 

 

$

0.3

 

 

$

320.4

 

Current period additions/adjustments

 

 

12.8

 

 

 

0.6

 

 

 

16.6

 

 

 

 

 

 

30.0

 

Foreign currency impact

 

 

(1.2

)

 

 

(4.0

)

 

 

(5.7

)

 

 

 

 

 

(10.9

)

Balance at December 31, 2021

 

 

42.4

 

 

 

57.9

 

 

 

238.9

 

 

 

0.3

 

 

 

339.5

 

Current period additions/adjustments

 

 

18.6

 

 

 

55.3

 

 

 

58.0

 

 

 

 

 

 

131.9

 

Foreign currency impact

 

 

(3.2

)

 

 

(5.8

)

 

 

(4.8

)

 

 

 

 

 

(13.8

)

Balance at December 31, 2022

 

 

57.8

 

 

 

107.4

 

 

 

292.1

 

 

 

0.3

 

 

 

457.6

 

Current period additions/adjustments

 

 

25.8

 

 

 

83.8

 

 

 

(0.5

)

 

 

 

 

 

109.1

 

Foreign currency impact

 

 

2.9

 

 

 

10.3

 

 

 

2.7

 

 

 

 

 

 

15.9

 

Balance at December 31, 2023

 

$

86.5

 

 

$

201.5

 

 

$

294.3

 

 

$

0.3

 

 

$

582.6

 

Summary of intangible assets

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

 

 

2023

 

 

2022

 

 

 

Gross

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

Net

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Existing technology and related patents

 

$

428.3

 

 

$

(250.4

)

 

$

177.9

 

 

$

354.7

 

 

$

(219.0

)

 

$

135.7

 

Customer relationships

 

 

227.4

 

 

 

(93.5

)

 

 

133.9

 

 

 

192.3

 

 

 

(72.1

)

 

 

120.2

 

Trade names

 

 

28.4

 

 

 

(10.1

)

 

 

18.3

 

 

 

22.3

 

 

 

(7.4

)

 

 

14.9

 

Other

 

 

2.2

 

 

 

(1.8

)

 

 

0.4

 

 

 

1.0

 

 

 

(0.9

)

 

 

0.1

 

Intangible assets

 

$

686.3

 

 

$

(355.8

)

 

$

330.5

 

 

$

570.3

 

 

$

(299.4

)

 

$

270.9

 

Schedule of estimated future amortization expense related to amortizable intangible assets

The estimated future amortization expense related to amortizable intangible assets is as follows (in millions):

 

 2024

 

$

46.9

 

 2025

 

 

46.4

 

 2026

 

 

43.7

 

 2027

 

 

36.6

 

 2028

 

 

35.9

 

2029

 

 

31.6

 

Thereafter

 

 

86.4

 

Total

 

$

327.5