Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Details of Goodwill

Details of aggregate goodwill of the Company are as follows:

(In millions)	Products			Services		Total
Balance at December 31, 2021	$	196.5		$	73.5	$	270.0
Adjustments		(1.5	)		—		(1.5	)
Divestiture of subsidiaries		(19.7	)		—		(19.7	)
Balance at September 30, 2022	$	175.3		$	73.5	$	248.8

Purchased Intangible Assets

Details of intangible assets were as follows:

		As of September 30, 2022							As of December 31, 2021
		Gross							Gross
	Useful Life	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
(Dollars in millions)	(in years)	Amount		Amortization			Value		Amount		Amortization			Value
Customer relationships	6 - 10	$	172.0	$	(77.8	)	$	94.2	$	188.4	$	(66.9	)	$	121.5
Tradenames	4 - 6*		32.5		(19.8	)		12.7		36.8		(17.5	)		19.3
Intellectual property/know-how	7 - 15		37.7		(14.9	)		22.8		49.4		(13.1	)		36.3
Recipes	20		73.2		(14.9	)		58.3		73.2		(12.2	)		61.0
Standard operating procedures	20		8.6		(1.8	)		6.8		8.6		(1.4	)		7.2
Backlog	1		3.1		(3.1	)		—		4.3		(3.9	)		0.4
Total		$	327.1	$	(132.3	)	$	194.8	$	360.7	$	(115.0	)	$	245.7

* The Company concluded that the asset life of UCT tradename of $9.0 million is indefinite and is therefore not amortized but is reviewed for impairment at least annually and whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable.

Future Estimated Amortization Expense

As of September 30, 2022, future estimated amortization expense is expected to be as follows:

	Amortization
(In millions)	Expense
2022 (remaining in year)	$	6.9
2023		22.5
2024		21.9
2025		19.9
2026		19.0
Thereafter		95.6
Total	$	185.8