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Other Intangible Assets
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
OTHER INTANGIBLE ASSETS

NOTE 8 — OTHER INTANGIBLE ASSETS

The gross carrying amount of other intangible assets and accumulated amortization as of September 30, 2022 and December 31, 2021 were as follows (amounts in millions):

 

 

September 30, 2022

 

 

 

Weighted Average Remaining Life (in years)

 

 

Gross carrying
amount

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

Customer relationships

 

 

8.0

 

 

$

37.9

 

 

$

(8.7

)

 

$

29.2

 

Tradenames

 

 

3.9

 

 

 

5.0

 

 

 

(1.8

)

 

 

3.2

 

Non-compete agreements

 

 

2.6

 

 

 

0.7

 

 

 

(0.4

)

 

 

0.3

 

Internal use software

 

 

2.4

 

 

 

0.5

 

 

 

(0.2

)

 

 

0.3

 

Total

 

 

7.5

 

 

$

44.1

 

 

$

(11.1

)

 

$

33.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

 

Weighted Average Remaining Life (in years)

 

 

Gross carrying
amount

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

Customer relationships

 

 

9.0

 

 

$

44.8

 

 

$

(5.9

)

 

$

38.9

 

Tradenames

 

 

4.3

 

 

 

4.5

 

 

 

(0.9

)

 

 

3.6

 

Non-compete agreements

 

 

3.3

 

 

 

0.7

 

 

 

(0.2

)

 

 

0.5

 

Internal use software

 

 

3.2

 

 

 

0.5

 

 

 

(0.1

)

 

 

0.4

 

Total

 

 

8.5

 

 

$

50.5

 

 

$

(7.1

)

 

$

43.4

 

Amortization of other intangible assets was $1.0 million and $0.8 million for the three months ended September 30, 2022 and 2021, respectively, and $4.0 million and $2.3 million for the nine months ended September 30, 2022 and 2021, respectively.