Goodwill and Other Intangible Assets - Net

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS - Net

GOODWILL AND OTHER INTANGIBLE ASSETS—Net

Goodwill

The following table presents the changes in the carrying amount of goodwill (in millions):

	Amount
Balance—December 31, 2022	$	128.0
Foreign currency translation adjustments	(0.2)
Balance—March 31, 2023	$	127.8

There were no impairments to goodwill during the three months ended March 31, 2023 or during prior periods.

Other Intangible Assets—Net

The following tables present other intangible assets—net (in millions, except years):

	March 31, 2023
	Weighted-Average Useful Life (in Years)	Gross		Accumulated Amortization		Net
Other intangible assets—net:
Finite-lived intangible assets:
Developed technologies	4.3	$	84.8	$	53.8	$	31.0
Customer relationships	7.1	30.9		15.3		15.6
Trade name	10.0	5.3		0.8		4.5
Backlog	1.0	4.2		4.2		—
Total other intangible assets—net		$	125.2	$	74.1	$	51.1

	December 31, 2022
	Weighted-Average Useful Life (in Years)	Gross		Accumulated Amortization		Net
Other intangible assets—net:
Finite-lived intangible assets:
Developed technologies	4.1	$	85.1	$	50.3	$	34.8
Customer relationships	7.1	31.0		14.4		16.6
Trade name	10.0	5.3		0.7		4.6
Backlog	1.0	4.2		4.2		—
Total other intangible assets—net		$	125.6	$	69.6	$	56.0

Amortization expense was $4.7 million and $6.4 million during the three months ended March 31, 2023 and 2022, respectively.

The following table summarizes estimated future amortization expense of finite-lived intangible assets—net (in millions):

	Amount
Years:
2023 (the remainder of 2023)	$	13.4
2024	13.5
2025	8.8
2026	4.3
2027	3.9
Thereafter	7.2
Total	$	51.1