Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.1
Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

A summary of the Company’s goodwill is as follows:

 

 

U.S.
Operating
Segment

 

 

International
Operating
Segment

 

 

Total

 

Balance at January 1, 2022 (1)

 

$

1,182.9

 

 

$

65.9

 

 

$

1,248.8

 

Foreign currency translation adjustments

 

 

 

 

 

8.1

 

 

 

8.1

 

Balance at March 31, 2022 (1)

 

$

1,182.9

 

 

$

74.0

 

 

$

1,256.9

 

Balances are presented net of accumulated impairment losses of $214.0 for the U.S. operating segment and $43.8 for the international operating segment. See discussion of the qualitative impairment analysis performed by the Company as of March 31, 2022 at Note 13.
Intangible Assets

A summary of the Company’s intangible assets is as follows:

 

 

Balance at
January 1, 2022

 

Amortization

 

Foreign Currency Translation Adjustments

 

Balance at March 31, 2022

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

81.8

 

$

 

$

0.3

 

$

82.1

 

Accumulated amortization

 

 

(71.1

)

 

(0.6

)

 

 

 

(71.7

)

Total net intangible assets with finite lives

 

$

10.7

 

$

(0.6

)

$

0.3

 

$

10.4

 

 

 

 

 

 

 

 

 

 

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300.1

 

 

 

 

0.3

 

 

300.4

 

Total intangible assets, net

 

$

310.8

 

$

(0.6

)

$

0.6

 

$

310.8

 

Estimated Aggregate Future Amortization Expense for Intangible Assets

The estimated aggregate future amortization expense for intangible assets is as follows:

 

 

Estimated

 

 

 

Amortization

 

For the nine months ended December 31, 2022

 

$

2.0

 

For the twelve months ended December 31, 2023

 

 

2.5

 

For the twelve months ended December 31, 2024

 

 

2.5

 

For the twelve months ended December 31, 2025

 

 

1.9

 

For the twelve months ended December 31, 2026

 

 

1.5

 

Thereafter

 

 

 

Total

 

$

10.4