Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE 8 — INTANGIBLE ASSETS

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

	December 31, 2020							December 31, 2019
	Gross carrying amount		Accumulated amortization			Net carrying amount		Gross carrying amount		Accumulated amortization			Net carrying amount
Customer relationships	$	25.9	$	(3.1	)	$	22.8	$	5.4	$	(2.8	)	$	2.6
Non-compete agreements		0.8		(0.1	)		0.7		0.4		(0.3	)		0.1
Tradenames		1.6		(0.4	)		1.2		0.7		(0.4	)		0.3
Favorable Market Rent		1.7		(0.1	)		1.6		—		—			—
Total	$	30.0	$	(3.7	)	$	26.3	$	6.5	$	(3.5	)	$	3.0

Amortization of intangible assets was $2.3 million and $0.3 million for the years ended December 31, 2020 and 2019, respectively.

The Company reviewed its finite-lived intangible assets for impairment and determined that none of the assets were impaired during the years ended December 31, 2020 and 2019.

As of December 31, 2020, estimated amortization expense for other intangible assets for each of the next five years and thereafter was as follows (amounts in millions):

Years ending December 31,	Amount
2021	$	3.1
2022		3.1
2023		3.1
2024		3.1
2025		2.8
Thereafter	11.1
Total	$	26.3