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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Goodwill by Segment
The following table represents the activity in goodwill net of accumulated goodwill impairment loss (“goodwill, net”) and accumulated goodwill impairment loss by segment for 2020 (1):
D&S EastD&S WestE&C CryogenicsE&C FinFansCryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsoli-dated
Goodwill, net balance at December 31, 2019$117.0 $118.6 $176.2 $399.6 $— $— $— $— $811.4 
Foreign currency translation adjustments and other4.5 — — 1.3 — — — — 5.8 
Purchase price adjustments— — — 0.4 — 0.4 
Goodwill, net balance at September 30, 2020121.5 118.6 176.2 401.3 — — — — 817.6 
Reallocation, D&S East(121.5)— — — 43.3 — 64.6 13.6 — 
Reallocation, D&S West— (118.6)— — 43.2 — 63.6 11.8 — 
Reallocation, E&C Cryogenics— — (176.2)— — 137.0 5.6 33.6 — 
Reallocation, E&C FinFans— — — (401.3)— 295.6 — 105.7 — 
Goodwill, net balance at October 1, 2020— — — — 86.5 432.6 133.8 164.7 817.6 
Foreign currency translation adjustments and other— — — — 6.7 2.6 (0.2)0.4 9.5 
Goodwill acquired during the period— — — — — — 38.8 — 38.8 
Goodwill, net balance at December 31, 2020$— $— $— $— $93.2 $435.2 $172.4 $165.1 $865.9 
Accumulated goodwill impairment loss at December 31, 2019$— $64.4 $40.9 $23.7 $— $— $— $— $129.0 
Accumulated goodwill impairment loss at September 30, 2020— 64.4 40.9 23.7 — — — — 129.0 
Reallocation, D&S West— (64.4)— — 23.5 — 34.5 6.4 — 
Reallocation, E&C Cryogenics— — (40.9)— — 31.8 1.3 7.8 — 
Reallocation, E&C FinFans— — — (23.7)— 17.5 — 6.2 — 
Accumulated goodwill impairment loss at December 31, 2020$— $— $— $— $23.5 $49.3 $35.8 $20.4 $129.0 
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(1)The prior segments’ goodwill and accumulated goodwill impairment loss at December 31, 2019 were reassigned to four new reporting units, Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, based on their relative fair values as of October 1, 2020.
The following table represents the activity in goodwill, net and accumulated goodwill impairment loss by segment for 2019 (1):
D&S EastD&S WestE&CE&C CryogenicsE&C FinFansConsolidated
Goodwill, net balance at December 31, 2018$73.6 $117.8 $295.8 $— $— $487.2 
Reallocation, E&C— — (295.8)183.5 112.3 — 
Foreign currency translation adjustments and other(0.9)— — (0.6)(0.2)(1.7)
Goodwill acquired during the year— — — — 287.5 287.5 
Purchase price adjustments (2)
44.3 0.8 — (6.7)— 38.4 
Goodwill, net balance at December 31, 2019$117.0 $118.6 $— $176.2 $399.6 $811.4 
Accumulated goodwill impairment loss at December 31, 2018$— $64.4 $64.6 $— $— $129.0 
Accumulated goodwill impairment loss at December 31, 2019$— $64.4 $— $40.9 $23.7 $129.0 
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(1)The prior E&C segment goodwill and accumulated goodwill impairment loss at December 31, 2018 were reassigned to two reporting units, E&C Cryogenics and E&C FinFans, based on their relative fair values as of July 1, 2019.
(2)During 2019, we recorded purchase price adjustments related to previous acquisitions including an increase of $44.3 in D&S East, a decrease of $6.7 in E&C Cryogenics and an increase of $0.8 in D&S West.
Schedule of Indefinite-Lived Intangible Assets, Excluding Goodwill
The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) (1):
  
December 31, 2020December 31, 2019
 Weighted-average Estimated Useful LifeGross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships13 years$302.5 $(59.9)$380.3 $(115.0)
Unpatented technology13 years110.4 (22.3)90.1 (13.0)
Patents and other5 years8.4 (1.8)20.9 (9.8)
Trademarks and trade names14 years3.6 (1.4)2.4 (1.2)
Land rights50 years11.1 (1.4)11.0 (1.2)
Total finite-lived intangible assets13 years$436.0 $(86.8)$504.7 $(140.2)
Indefinite-lived intangible assets:
Trademarks and trade names$143.9 $— $157.9 $— 
Total intangible assets$579.9 $(86.8)$662.6 $(140.2)
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(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
Schedule of Finite-Lived Intangible Assets
The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) (1):
  
December 31, 2020December 31, 2019
 Weighted-average Estimated Useful LifeGross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships13 years$302.5 $(59.9)$380.3 $(115.0)
Unpatented technology13 years110.4 (22.3)90.1 (13.0)
Patents and other5 years8.4 (1.8)20.9 (9.8)
Trademarks and trade names14 years3.6 (1.4)2.4 (1.2)
Land rights50 years11.1 (1.4)11.0 (1.2)
Total finite-lived intangible assets13 years$436.0 $(86.8)$504.7 $(140.2)
Indefinite-lived intangible assets:
Trademarks and trade names$143.9 $— $157.9 $— 
Total intangible assets$579.9 $(86.8)$662.6 $(140.2)
_______________
(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
Future Amortization Expense We estimate amortization expense to be recognized during the next five years as follows:
For the Year Ending December 31,
2021$36.7 
202234.5 
202334.4 
202434.0 
202533.1 
Schedule of Government Grants
China Government Grants are presented in our consolidated balance sheets as follows:
December 31,
20202019
Current $0.5 $0.5 
Long-term7.3 7.2 
Total China Government Grants$7.8 $7.7