Goodwill and Other Intangible Assets, Net

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets, Net

Goodwill and Other Intangible Assets, Net

Goodwill

Goodwill represents the excess of the purchase consideration of an acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed in certain business combinations. The carrying amount of goodwill during each of 2019 and 2018 was $72.8 million.

The Company did not record any impairment charges related to goodwill during the years ended December 31, 2019 and 2018 and there are no accumulated impairment losses as of December 31, 2019.

Other Intangible Assets, Net

The carrying amount and accumulated amortization of other intangible assets as of December 31, 2019 and 2018 are as follows (in millions):

	December 31, 2019							December 31, 2018
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer relationships	$	48.0	$	(20.0	)	$	28.0	$	48.0	$	(16.2	)	$	31.8
Non-competition agreements	5.0		(4.4		)	0.6		5.0		(4.0		)	1.0
Trade names	3.8		(3.8		)	—		3.8		(3.1		)	0.7
Internally developed and other purchased software	42.0		(23.4		)	18.6		36.0		(18.4		)	17.6
Total other intangible assets	$	98.8	$	(51.6	)	$	47.2	$	92.8	$	(41.7	)	$	51.1

The amortization of intangible assets recorded in the consolidated statements of operations was $10.0 million, $10.0 million and $8.5 million for 2019, 2018 and 2017, respectively. In 2018, the Company reduced the cost and associated accumulated amortization by $2.7 million for fully amortized software.

Estimated future amortization expense for intangible assets is as follows (in millions):

Year ending December 31,
2020	$	9.8
2021	9.1
2022	8.3
2023	5.2
2024	4.1
2025 and thereafter	10.7
Total	$	47.2