Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets (Tables)

v3.22.2.2
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 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

 

 

 

 

 

0.4

 

 

 

0.4

 

Balance at September 30, 2022 (1)

 

$

1,182.9

 

 

$

66.3

 

 

$

1,249.2

 

(1)
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 September 30, 2022 at Note 12.
Intangible Assets

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

 

 

Balance at
January 1, 2022

 

Amortization

 

Foreign Currency Translation Adjustments

 

Other (1)

 

Balance at September 30, 2022

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

$

81.8

 

$

 

$

0.1

 

$

(0.2

)

$

81.7

 

Accumulated amortization

 

 

(71.1

)

 

(1.8

)

 

 

 

0.2

 

 

(72.7

)

Total net intangible assets with finite lives

 

$

10.7

 

$

(1.8

)

$

0.1

 

$

 

$

9.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

Tradename and other

 

 

300.1

 

 

 

 

 

 

 

 

300.1

 

Total intangible assets, net

 

$

310.8

 

$

(1.8

)

$

0.1

 

$

 

$

309.1

 

(1)
Amounts represent the write-off of non-compete agreements that expired during the nine months ended September 30, 2022.
Estimated Aggregate Future Amortization Expense for Intangible Assets

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

 

 

Estimated

 

 

 

Amortization

 

For the three months ended December 31, 2022

 

$

0.6

 

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

 

$

9.0