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Goodwill and Intangible Assets
9 Months Ended
Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

NOTE 11. GOODWILL AND INTANGIBLE ASSETS 

The following table details amounts related to our goodwill and intangible assets as of September 30, 2020 and December 31, 2019. 

 

 

 

 

 

September 30, 2020

 

 

December 31, 2019

 

 

 

Estimated

Useful Life

 

Gross

Carrying

Amount

 

 

Accumulated Amortization

 

 

Gross

Carrying

Amount

 

 

Accumulated Amortization

 

Amortizing intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

2-20 years

 

$

198.1

 

 

$

124.8

 

 

$

188.9

 

 

$

114.9

 

Developed technology

 

15 - 19 years

 

 

91.4

 

 

 

76.4

 

 

 

85.0

 

 

 

72.1

 

Trademarks and brand names

 

5-10 years

 

 

3.9

 

 

 

1.1

 

 

 

3.9

 

 

 

0.6

 

Non-compete agreements

 

5 years

 

 

3.5

 

 

 

0.2

 

 

 

0.2

 

 

 

-

 

Other

 

Various

 

 

1.5

 

 

 

0.5

 

 

 

0.1

 

 

 

0.1

 

Total

 

 

 

$

298.4

 

 

$

203.0

 

 

$

278.1

 

 

$

187.7

 

Non-amortizing intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and brand names

 

Indefinite

 

 

332.8

 

 

 

 

 

 

 

321.5

 

 

 

 

 

Total intangible assets

 

 

 

$

631.2

 

 

 

 

 

 

$

599.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

Indefinite

 

$

108.2

 

 

 

 

 

 

$

53.0

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

2020

 

 

2019

 

Amortization expense

 

$

15.4

 

 

$

14.7

 

 

The increase in goodwill and other intangible assets as of September 30, 2020 resulted from the acquisitions of Moz and Turf. See Note 4 to the Condensed Consolidated Financial Statements for additional details.