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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Balances of Goodwill by Reporting Unit The goodwill balances by reportable segment were as follows:

 

 

Gross book
value at
December 31,
2021

 

 

Accumulated
impairment
charges at
December 31,
2021

 

 

Net book
value at
December 31,
2021

 

 

Foreign
exchange and
other
adjustments

 

 

Net book
 value at
September 30,
2022

 

Capital Markets - Software Solutions

 

$

103.7

 

 

$

 

 

$

103.7

 

 

$

(0.2

)

 

$

103.5

 

Capital Markets - Compliance and Communications Management

 

 

253.1

 

 

 

 

 

 

253.1

 

 

 

(0.6

)

 

 

252.5

 

Investment Companies - Software Solutions

 

 

53.2

 

 

 

 

 

 

53.2

 

 

 

(0.2

)

 

 

53.0

 

Investment Companies - Compliance and Communications Management

 

 

40.6

 

 

 

(40.6

)

 

 

 

 

 

 

 

 

 

Total

 

$

450.6

 

 

$

(40.6

)

 

$

410.0

 

 

$

(1.0

)

 

$

409.0

 

Components of Other Intangible Assets The components of other intangible assets at September 30, 2022 and December 31, 2021 were as follows:

 

 

September 30, 2022

 

 

December 31, 2021

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

Customer relationships (useful life of 15 years)

 

$

10.4

 

 

$

(2.6

)

 

$

7.8

 

 

$

10.4

 

 

$

(2.1

)

 

$

8.3

 

Trade names (useful life of 5 years)

 

 

1.0

 

 

 

(0.8

)

 

 

0.2

 

 

 

1.0

 

 

 

(0.6

)

 

 

0.4

 

Total other intangible assets (a)

 

$

11.4

 

 

$

(3.4

)

 

$

8.0

 

 

$

11.4

 

 

$

(2.7

)

 

$

8.7

 

__________

The weighted-average remaining useful life of the unamortized intangible assets as of September 30, 2022 is approximately eleven years.
Schedule of Estimated Annual Amortization Expense Related to Other Intangible Assets

The following table outlines the estimated annual amortization expense related to other intangible assets:

 

For the year ending December 31,

 

Amount

 

2022 (excluding the nine months ended September 30, 2022)

 

$

0.2

 

2023

 

 

0.9

 

2024

 

 

0.7

 

2025

 

 

0.7

 

2026

 

 

0.7

 

2027 and thereafter

 

 

4.8

 

Total

 

$

8.0