Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2023 and 2022:

		December 31, 2023				December 31, 2022
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangible assets
Customer relationships	2-20 years	$	183.6	$	152.1	$	182.1	$	142.0
Developed technology	13-20 years		101.4		84.4		93.8		83.3
Software	5-7 years		15.6		4.6		9.1		2.6
Trademarks and brand names	3-20 years		6.2		3.4		4.0		2.6
Non-compete agreements	3-5 years		6.1		3.8		5.8		2.6
Other	Various		2.8		0.2		1.1		0.1
Total		$	315.7	$	248.5	$	295.9	$	233.2
Non-amortizing intangible assets
Trademarks and brand names	Indefinite		345.2				345.0
Total intangible assets		$	660.9			$	640.9
Goodwill	Indefinite	$	175.5			$	167.3

The increase in goodwill as of December 31, 2023 compared to December 31, 2022 resulted from the acquisitions of Insolcorp and BOK, in addition to foreign exchange movements.

	2023		2022		2021
Amortization expense	$	15.3	$	16.3	$	33.8

Schedule of Expected Annual Amortization Expense

The expected annual amortization expense for the years 2024 through 2028 are as follows:

2024	$	16.2
2025		15.2
2026		11.2
2027		5.0
2028		2.9