Goodwill and Intangibles (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets, Goodwill and Other Assets

The following table provides information related to the goodwill and intangible assets as of June 30, 2024 and December 31, 2023 (in millions):

	June 30,		December 31,
	2024		2023
Goodwill	$	39.6	$	40.0
Definite-lived intangibles	27.0		28.6
Indefinite-lived intangibles	0.7		0.7
Balance	$	67.3	$	69.3

Schedule of Finite-Lived Intangible Assets

The following table summarizes information related to the Company's definite-lived intangible assets as of June 30, 2024 (in millions):

	Amortization Period  (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Useful Life
Client lists	10 yrs	$	26.1	$	4.6	$	21.5	8.8
Trademarks	10 yrs	6.2		0.7		5.5		8.9
Total		$	32.3	$	5.3	$	27.0	8.8

The following table summarizes information related to the Company's definite-lived intangible assets as of December 31, 2023 (in millions):

	Amortization Period  (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Useful Life
Client lists	10 yrs	$	26.1	$	3.3	$	22.8	9.3
Trademarks	10 yrs	6.2		0.4		5.8		9.4
Total		$	32.3	$	3.7	$	28.6	9.3

Schedule of Future Amortization Expense of Intangible Assets

In the second quarter of 2024, the Company recorded $0.8 million of intangible amortization expense related to the prior year's Indoff acquisition. For the six months ended June 30, 2024, the Company recorded $1.6 million of intangible amortization expense, of which $1.5 million related to the prior year's acquisition of Indoff. The estimated amortization for future years ending December 31 is as follows (in millions):

2024 remainder	$	1.6
2025	3.0
2026	3.0
2027	3.0
2028	3.0
Thereafter	$	13.4
Total	$	27.0