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Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Intangible Assets

The following table details amounts related to our goodwill and intangible assets as of March 31, 2022 and December 31, 2021.

 

 

 

 

 

March 31, 2022

 

 

December 31, 2021

 

 

 

Estimated
Useful Life

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

Amortizing intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

1-20 years

 

$

189.4

 

 

$

141.2

 

 

$

196.7

 

 

$

144.8

 

Developed technology

 

13-19 years

 

 

93.0

 

 

 

82.8

 

 

 

92.9

 

 

 

82.6

 

Software

 

7 years

 

 

9.1

 

 

 

1.6

 

 

 

9.1

 

 

 

1.3

 

Trademarks and brand names

 

5-10 years

 

 

4.0

 

 

 

2.2

 

 

 

4.0

 

 

 

2.0

 

Non-compete agreements

 

3-5 years

 

 

5.6

 

 

 

1.7

 

 

 

5.6

 

 

 

1.4

 

Other

 

Various

 

 

0.4

 

 

 

0.1

 

 

 

0.4

 

 

 

0.1

 

Total

 

 

 

$

301.5

 

 

$

229.6

 

 

$

308.7

 

 

$

232.2

 

Non-amortizing intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and brand names

 

Indefinite

 

 

345.0

 

 

 

 

 

 

344.9

 

 

 

 

Total intangible assets

 

 

 

$

646.5

 

 

 

 

 

$

653.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

Indefinite

 

$

167.1

 

 

 

 

 

$

167.0

 

 

 

 

 

 

The increase in goodwill since December 31, 2021 resulted from foreign exchange movements.

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2022

 

 

2021

 

Amortization expense

 

$

4.8

 

 

$

10.2