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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets  
Goodwill and Intangible Assets

9.    Goodwill and Intangible Assets

 

The following table sets forth the changes in the carrying amount of goodwill for the three months ended March 31, 2019 (dollars in millions):

 

 

 

 

 

Balance at December 31, 2018

    

$

275.7

Current period additions

 

 

2.3

Foreign currency effect

 

 

(2.7)

Balance at March 31, 2019

 

$

275.3

 

The following is a summary of intangible assets, excluding goodwill (dollars in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2019

 

December 31, 2018

 

 

Gross

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

Carrying

 

Accumulated

 

Net Carrying

 

Carrying

 

Accumulated

 

Net Carrying

 

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Existing technology and related patents

 

$

277.6

 

$

(164.8)

 

$

112.8

 

$

272.6

 

$

(160.5)

 

$

112.1

Customer relationships

 

 

116.2

 

 

(20.8)

 

 

95.4

 

 

112.0

 

 

(18.1)

 

 

93.9

Non compete contracts

 

 

1.8

 

 

(1.8)

 

 

 —

 

 

1.8

 

 

(1.8)

 

 

 —

Trade names

 

 

11.9

 

 

(1.9)

 

 

10.0

 

 

11.6

 

 

(1.6)

 

 

10.0

Other

 

 

5.5

 

 

(4.4)

 

 

1.1

 

 

5.1

 

 

(2.4)

 

 

2.7

Intangible assets

 

$

413.0

 

$

(193.7)

 

$

219.3

 

$

403.1

 

$

(184.4)

 

$

218.7

 

For the three months ended March 31, 2019 and 2018, the Company recorded amortization expense of $10.1 million and $6.8 million, respectively, related to intangible assets subject to amortization.