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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
The following table provides balances for goodwill by reportable segment as of March 31, 2020 (in millions):
 
Communications
 
Oil and Gas
 
Electrical
Transmission
 
Power Generation and Industrial
 
Total Goodwill
Goodwill, gross
$
541.8

 
$
489.3

 
$
149.9

 
$
152.8

 
$
1,333.8

Accumulated impairment loss

 
(112.7
)
 

 

 
(112.7
)
Goodwill, net
$
541.8

 
$
376.6

 
$
149.9

 
$
152.8

 
$
1,221.1


Rollforward of Other Intangible Assets
The following table provides a reconciliation of changes in other intangible assets, net, for the period indicated (in millions):
 
Other Intangible Assets
 
Non-Amortizing
 
Amortizing
 
 
 
Trade Names
 
Pre-Qualifications
 
Customer Relationships and Backlog
 
Pre-Qualifications
 
Other (a)
 
Total
Other intangible assets, gross, as of December 31, 2019
$
34.5

 
$
72.9

 
$
286.5

 
$

 
$
26.3

 
$
420.2

Accumulated amortization
 
 
 
 
(191.2
)
 

 
(17.5
)
 
(208.7
)
Other intangible assets, net, as of December 31, 2019
$
34.5

 
$
72.9

 
$
95.3

 
$

 
$
8.8

 
$
211.5

Classification changes (b)

 
(69.8
)
 

 
69.8

 

 

Measurement period adjustments (c)

 

 
(0.2
)
 

 

 
(0.2
)
Currency translation adjustments

 
(3.1
)
 

 

 

 
(3.1
)
Amortization expense
 
 
 
 
(5.9
)
 
(1.0
)
 
(0.5
)
 
(7.4
)
Other intangible assets, net, as of March 31, 2020
$
34.5

 
$

 
$
89.2

 
$
68.8

 
$
8.3

 
$
200.8

(a)
Consists principally of trade names and non-compete agreements.
(b)
In connection with its first quarter assessment of goodwill and indefinite-lived intangible assets, management reassessed the indefinite life classification of its two pre-qualification intangible assets. Management determined that, based on changes in the assets’ characteristics, including current and expected changes in the customer mix of the associated reporting units, a finite life classification for these assets was more appropriate. As a result, in the first quarter of 2020, the Company changed the classification of these pre-qualification intangible assets from indefinite-lived to finite-lived and began amortizing them on an accelerated basis. As of March 31, 2020, the estimated remaining weighted average useful life of these assets was approximately 12 years.
(c)
Represents adjustments to preliminary estimates of fair value within the measurement period of up to one year from the date of acquisition.