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Intangible Assets
6 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

NOTE 8 — INTANGIBLE ASSETS

The gross carrying amount of intangible assets and accumulated amortization as of June 30, 2021 and December 31, 2020 were as follows (amounts in millions):

 

 

June 30, 2021

 

 

December 31, 2020

 

 

 

Gross carrying

amount

 

 

Accumulated

amortization

 

 

Net carrying

amount

 

 

Gross carrying

amount

 

 

Accumulated

amortization

 

 

Net carrying

amount

 

Customer relationships

 

$

28.1

 

 

$

(4.4

)

 

$

23.7

 

 

$

25.9

 

 

$

(3.1

)

 

$

22.8

 

Tradenames

 

 

1.7

 

 

 

(0.5

)

 

 

1.2

 

 

 

1.6

 

 

 

(0.4

)

 

 

1.2

 

Non-compete agreements

 

 

0.8

 

 

 

(0.2

)

 

 

0.6

 

 

 

0.8

 

 

 

(0.1

)

 

 

0.7

 

Favorable market rent

 

 

1.7

 

 

 

(0.2

)

 

 

1.5

 

 

 

1.7

 

 

 

(0.1

)

 

 

1.6

 

Total

 

$

32.3

 

 

$

(5.3

)

 

$

27.0

 

 

$

30.0

 

 

$

(3.7

)

 

$

26.3

 

 

Amortization of intangible assets were $0.8 million and $1.5 million for the three and six months ended June 30, 2021, and $0.6 million and $0.7 million for the three and six months ended June 30, 2020, respectively. The amortization of favorable market rent is recorded to rent expense.