Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill

Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in a business combination. Goodwill is assigned to specific reporting units and is tested annually for impairment as of October 31 or more frequently if events or changes in circumstances indicate that it is more likely than not that the fair value of a reporting unit is below its carrying value.

No indicators of impairment were identified in any of the Company's reporting units during the three months ended March 31, 2021.

The accumulated goodwill impairment losses and the carrying value of goodwill at March 31, 2021, and December 31, 2020, were as follows:

	United States Print and Related Services		International		Total
Goodwill	$	881.3	$	30.0	$	911.3
Accumulated goodwill impairment loss	(778.3)		(30.0)		(808.3)
Goodwill, net of accumulated goodwill impairment loss	$	103.0	$	—	$	103.0

Other Intangible Assets

The components of finite-lived intangible assets at March 31, 2021, and December 31, 2020, were as follows:

	March 31, 2021							December 31, 2020
	Weighted Average Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value
Trademarks, patents, licenses and agreements	6	$	68.7	$	(46.0)	$	22.7	6	$	69.6	$	(44.3)	25.3
Capitalized software	5	17.5		(12.3)		5.2		5	17.3		(11.7)		5.6
Acquired Technology	5	3.6		(0.7)		2.9		5	3.0		(0.5)		2.5
Customer relationships	6	561.1		(496.0)		65.1		6	561.9		(491.0)		70.9
Total		$	650.9	$	(555.0)	$	95.9		$	651.8	$	(547.5)	$	104.3

The gross carrying amount and accumulated amortization within other intangible assets—net in the condensed consolidated balance sheets at March 31, 2021, and December 31, 2020, differs from the value originally recorded at acquisition due to impairment charges recorded in prior years and the effects of currency fluctuations since the purchase date.

Other intangible assets are evaluated for potential impairment whenever events or circumstances indicate that the carrying value may not be recoverable. There were no impairment charges recorded on finite-lived intangible assets for the three months ended March 31, 2021 and 2020.

Amortization expense for other intangible assets was $9.1 million and $9.9 million for the three months ended March 31, 2021 and 2020, respectively. The estimated future amortization expense related to other intangible assets as of March 31, 2021, was as follows:

	Amortization Expense
Remainder of 2021	$	22.6
2022	29.9
2023	25.7
2024	14.9
2025	2.5
2026	0.3
Total	$	95.9