Note 7 - Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

7. Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the six months ended June 30, 2022 were as follows:

				Accumulated
				Impairment
	Goodwill			Losses			Total
Balance as of December 31, 2021	$	233.9		$	(40.8	)	$	193.1
Foreign currency fluctuations		(16.7	)		3.9			(12.8	)
Balance as of June 30, 2022	$	217.2		$	(36.9	)	$	180.3

The balances of acquired intangible assets, excluding goodwill, were as follows:

	Customer Lists			Trade Names			Technology			Total
Balance as of June 30, 2022
Original cost	$	144.4		$	28.0		$	16.0		$	188.4
Accumulated amortization		(80.4	)		(14.2	)		(10.7	)		(105.3	)
Carrying value	$	64.0		$	13.8		$	5.3		$	83.1
Weighted average original life (in years)		15			10			11
Balance as of December 31, 2021
Original cost	$	155.4		$	30.3		$	17.0		$	202.7
Accumulated amortization		(80.0	)		(13.9	)		(10.8	)		(104.7	)
Carrying value	$	75.4		$	16.4		$	6.2		$	98.0
Weighted average original life (in years)		15			11			11

Amortization expense on intangible assets for the three and six months ended June 30, 2022 was $3.9 million and $8.4 million, respectively. Amortization expense on intangible assets for the three and six months ended June 30, 2021 was $5.0 million and $10.3 million, respectively.

Estimated aggregate amortization expense based on the current carrying value of amortizable intangible assets for each of the five succeeding years and thereafter is as follows:

Remaining 2022	$	7.7
2023		14.3
2024		12.9
2025		11.6
2026		10.3
Thereafter		26.3
Total	$	83.1