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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
The following table represents the changes in goodwill by segment:
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
Balance at December 31, 2021$84.9 $433.6 $300.9 $175.2 $994.6 
Goodwill acquired during the period (1)
— — 15.3 3.8 19.1 
Foreign currency translation adjustments and other(13.8)(7.5)(0.1)(0.7)(22.1)
Purchase price adjustments (2)
— — (14.3)— (14.3)
Balance at September 30, 2022$71.1 $426.1 $301.8 $178.3 $977.3 
Accumulated goodwill impairment loss at December 31, 2021$23.5 $49.3 $35.8 $20.4 $129.0 
Impairment loss— — — — — 
Accumulated goodwill impairment loss at September 30, 2022$23.5 $49.3 $35.8 $20.4 $129.0 
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(1)Goodwill acquired during the period was $19.1. Goodwill acquired during the period for the Fronti and AdEdge India acquisitions of $14.2 and $1.1, respectively, was allocated to our Specialty Products segment. Goodwill acquired during the period for our CSC acquisition of $3.8 was allocated to our Repair, Service & Leasing segment.
(2)During the first nine months of 2022, we recorded purchase price adjustments that decreased goodwill by $14.3 in our Specialty Products segment related to the Earthly Labs, Inc., L.A. Turbine and AdEdge acquisitions. For further information regarding goodwill acquired and the purchase price adjustments during the period refer to Note 10, “Business Combinations.”
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):
 September 30, 2022December 31, 2021
 Weighted-average Estimated Useful LifeGross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships13 years$307.6 $(97.4)$312.1 $(82.2)
Unpatented technology13 years197.5 (41.2)184.6 (30.1)
Patents and other6 years6.7 (1.8)7.9 (2.3)
Trademarks and trade names15 years2.8 (1.8)3.5 (1.8)
Land use rights50 years10.2 (1.6)11.4 (1.6)
Total finite-lived intangible assets14 years524.8 (143.8)519.5 (118.0)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
154.5 — 154.6 — 
Total intangible assets$679.3 $(143.8)$674.1 $(118.0)
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(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 September 30, 2022 and December 31, 2021.
Schedule of Indefinite-Lived Intangible Aassets
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):
 September 30, 2022December 31, 2021
 Weighted-average Estimated Useful LifeGross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships13 years$307.6 $(97.4)$312.1 $(82.2)
Unpatented technology13 years197.5 (41.2)184.6 (30.1)
Patents and other6 years6.7 (1.8)7.9 (2.3)
Trademarks and trade names15 years2.8 (1.8)3.5 (1.8)
Land use rights50 years10.2 (1.6)11.4 (1.6)
Total finite-lived intangible assets14 years524.8 (143.8)519.5 (118.0)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
154.5 — 154.6 — 
Total intangible assets$679.3 $(143.8)$674.1 $(118.0)
_______________
(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 September 30, 2022 and December 31, 2021.
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$43.2 
202342.9 
202441.7 
202540.8 
202640.2 
Schedule of Government Grants
China Government Grants are presented in our unaudited condensed consolidated balance sheets as follows:
September 30,
2022
December 31,
2021
Current$0.5 $0.5 
Long-term6.1 7.0 
Total China Government Grants$6.6 $7.5