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Goodwill, Long-Lived and Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Balances by Operating Segment

The following table shows our goodwill balances by operating segment that are aggregated into one reportable segment:

 

 

 

North America

 

 

Europe

 

 

Total

 

Balance at December 31, 2020

 

$

338.8

 

 

$

119.6

 

 

$

458.4

 

Currency translation

 

 

-

 

 

 

(3.5

)

 

 

(3.5

)

Balance at June 30, 2021

 

$

338.8

 

 

$

116.1

 

 

$

454.9

 

Schedule of Indefinite-Lived Intangible Assets

The following tables summarize our identifiable intangible assets, net with definite and indefinite useful lives:

 

 

 

June 30, 2021

 

 

December 31, 2020

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

Customer/distributor relationships

 

$

205.7

 

 

$

(28.7

)

 

$

177.0

 

 

$

209.2

 

 

$

(22.2

)

 

$

187.0

 

Patented/unpatented technology

 

 

169.7

 

 

 

(31.5

)

 

 

138.2

 

 

 

169.2

 

 

 

(23.7

)

 

 

145.5

 

Intellectual property

 

 

0.5

 

 

 

(0.1

)

 

 

0.4

 

 

 

0.4

 

 

 

-

 

 

 

0.4

 

In-process research and development

 

 

1.6

 

 

 

-

 

 

 

1.6

 

 

 

1.6

 

 

 

-

 

 

 

1.6

 

Total definite-lived intangible assets

 

 

377.5

 

 

 

(60.3

)

 

 

317.2

 

 

 

380.4

 

 

 

(45.9

)

 

 

334.5

 

Trademarks/tradenames with indefinite lives

 

 

106.1

 

 

 

-

 

 

 

106.1

 

 

 

106.1

 

 

 

-

 

 

 

106.1

 

Identifiable intangible assets, net

 

$

483.6

 

 

$

(60.3

)

 

$

423.3

 

 

$

486.5

 

 

$

(45.9

)

 

$

440.6

 

Finite-lived Intangible Assets Amortization Expense

The following table shows the remaining estimated amortization expense for our definite-lived intangible assets at June 30, 2021:

 

Year

 

Amount

 

2021

 

$

14.7

 

2022

 

 

29.3

 

2023

 

 

29.3

 

2024

 

 

29.3

 

2025

 

 

28.7

 

Thereafter

 

 

184.3

 

 

 

$

315.6

 

Schedule of Finite-Lived Intangible Assets

The following table shows the remaining weighted-average useful life of our definite lived intangible assets as of June 30, 2021:

 

 

 

Remaining Weighted-Average Useful Life

 

 

June 30, 2021

 

December 31, 2020

Customer/distributor relationships

 

13 years

 

13 years

Patented/unpatented technology

 

9 years

 

10 years

Intellectual property

 

7 years

 

6 years

Total identifiable assets, net with definite lives

 

11 years

 

12 years