Goodwill and Other Intangible Assets, Net

12 Months Ended

Dec. 31, 2020

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 2020 and 2019 was $72.8 million.

The Company did not record any impairment charges related to goodwill during the years ended December 31, 2020 and 2019 and there are no accumulated impairment losses as of December 31, 2020.

Other Intangible Assets, Net

The carrying amount and accumulated amortization of other intangible assets as of December 31, 2020 and 2019 are as follows (in millions):

	December 31, 2020						December 31, 2019
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Amount		Amount		Amortization		Amount
Customer relationships	$	48.0	$	(23.9)	$	24.1	$	48.0	$	(20.0)	$	28.0
Non-competition agreements	5.0		(4.8)		0.2		5.0		(4.4)		0.6
Trade names	3.8		(3.8)		—		3.8		(3.8)		—
Internally developed and other purchased software	45.3		(28.9)		16.4		42.0		(23.4)		18.6
Total other intangible assets	$	102.1	$	(61.4)	$	40.7	$	98.8	$	(51.6)	$	47.2

The amortization of intangible assets recorded in the consolidated statements of operations was $9.7 million for 2020 and $10.0 million for both 2019 and 2018.

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

Year ending December 31,
2021	$	9.8
2022	8.9
2023	5.9
2024	4.6
2025	4.2
2026 and thereafter	7.3
Total	$	40.7