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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2023
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 June 30, 2023 and December 31, 2022.

 

 

 

 

June 30, 2023

 

 

December 31, 2022

 

 

 

Estimated
Useful Life

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

 

Gross
Carrying
Amount

 

 

Accumulated Amortization

 

Amortizing intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

6-20 years

 

$

182.1

 

 

$

146.9

 

 

$

182.1

 

 

$

142.0

 

Developed technology

 

13-20 years

 

 

98.9

 

 

 

83.8

 

 

 

93.8

 

 

 

83.3

 

Software

 

5-7 years

 

 

15.6

 

 

 

3.4

 

 

 

9.1

 

 

 

2.6

 

Trademarks and brand names

 

3-10 years

 

 

4.1

 

 

 

3.0

 

 

 

4.0

 

 

 

2.6

 

Non-compete agreements

 

3-5 years

 

 

5.8

 

 

 

3.2

 

 

 

5.8

 

 

 

2.6

 

Other

 

Various

 

 

1.1

 

 

 

0.2

 

 

 

1.1

 

 

 

0.1

 

Total

 

 

 

$

307.6

 

 

$

240.5

 

 

$

295.9

 

 

$

233.2

 

Non-amortizing intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and brand names

 

Indefinite

 

 

345.2

 

 

 

 

 

 

345.0

 

 

 

 

Total intangible assets

 

 

 

$

652.8

 

 

 

 

 

$

640.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

Indefinite

 

$

167.4

 

 

 

 

 

$

167.3

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

2023

 

 

2022

 

Amortization expense

 

$

7.1

 

 

$

9.1