XML 64 R42.htm IDEA: XBRL DOCUMENT v3.22.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of 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 2021:
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
Goodwill, net balance at December 31, 2020$93.2 $435.2 $172.4 $165.1 $865.9 
Goodwill acquired during the period (1) (2)
— 2.9 127.1 10.1 140.1 
Foreign currency translation adjustments and other(8.3)(4.5)— — (12.8)
Purchase price adjustments (3)
— — 1.4 — 1.4 
Goodwill, net balance at December 31, 2021$84.9 $433.6 $300.9 $175.2 $994.6 
Accumulated goodwill impairment loss at December 31, 2020$23.5 $49.3 $35.8 $20.4 $129.0 
Accumulated goodwill impairment loss at December 31, 2021$23.5 $49.3 $35.8 $20.4 $129.0 
_______________
(1)For further information regarding goodwill acquired and the purchase price adjustments during the period refer to Note 13, “Business Combinations.”
(2)Goodwill acquired during the period for the L.A. Turbine acquisition of $42.1 was allocated to certain reporting units as follows: $29.1 - Specialty Products, $10.1 - Repair, Service & Leasing and $2.9 - Heat Transfer Systems. Goodwill acquired during the period for the Cryogenic Gas Technologies, Inc., AdEdge Holdings, LLC acquisitions and Earthly Labs Inc. was $34.9, $15.9 and $47.2, respectively and is included in the Specialty Products segment.
(3)During the year ended December 31, 2021, we recorded purchase price adjustments that increased goodwill by $1.4 in Specialty Products related to the BlueInGreen, LLC acquisition.
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 & LeasingConsolidated
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 
_______________
(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.
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, 2021December 31, 2020
 Weighted-average Estimated Useful LifeGross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships13 years$312.1 $(82.2)$302.5 $(59.9)
Unpatented technology13 years184.6 (30.1)110.4 (22.3)
Patents and other5 years7.9 (2.3)8.4 (1.8)
Trademarks and trade names14 years3.5 (1.8)3.6 (1.4)
Land use rights50 years11.4 (1.6)11.1 (1.4)
Total finite-lived intangible assets14 years$519.5 $(118.0)$436.0 $(86.8)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
$154.6 $— $143.9 $— 
Total intangible assets$674.1 $(118.0)$579.9 $(86.8)
_______________
(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
(2)Accumulated indefinite-lived intangible assets impairment loss was $16.0 at both December 31, 2021 and 2020.
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, 2021December 31, 2020
 Weighted-average Estimated Useful LifeGross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships13 years$312.1 $(82.2)$302.5 $(59.9)
Unpatented technology13 years184.6 (30.1)110.4 (22.3)
Patents and other5 years7.9 (2.3)8.4 (1.8)
Trademarks and trade names14 years3.5 (1.8)3.6 (1.4)
Land use rights50 years11.4 (1.6)11.1 (1.4)
Total finite-lived intangible assets14 years$519.5 $(118.0)$436.0 $(86.8)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
$154.6 $— $143.9 $— 
Total intangible assets$674.1 $(118.0)$579.9 $(86.8)
_______________
(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
(2)Accumulated indefinite-lived intangible assets impairment loss was $16.0 at both December 31, 2021 and 2020.
Schedule of Estimated Future Amortization We estimate amortization expense to be recognized during the next five years as follows:
For the Year Ending December 31,
2022$41.8 
202341.3 
202440.0 
202539.0 
202638.3 
Schedule of Government Grants
China Government Grants are presented in our consolidated balance sheets as follows:
December 31,
20212020
Current $0.5 $0.5 
Long-term7.0 7.3 
Total China Government Grants$7.5 $7.8