Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

9. Goodwill and Other Intangible Assets

The Company performs its annual goodwill and indefinite lived assets impairment testing during the fourth quarter, or more frequently if events or changes in circumstances indicate that the asset might be impaired. There have been no impairment indicators since the fourth quarter of 2020; therefore, no impairment review has occurred as of June 30, 2021.

The changes in the carrying amount of goodwill as of June 30, 2021 and December 31, 2020 are summarized as follows:

	Americas		MEAP			Consolidated
Balance as of January 1, 2020	$	166.5	$	66.0		$	232.5
Foreign currency impact		—		2.6			2.6
Balance as of December 31, 2020		166.5		68.6			235.1
Foreign currency impact		—		(0.3	)		(0.3	)
Balance as of June 30, 2021	$	166.5	$	68.3		$	234.8

The gross carrying amount, accumulated amortization and net book value of the Company’s intangible assets other than goodwill as of June 30, 2021 and December 31, 2020 are summarized as follows:

	June 30, 2021							December 31, 2020
	Gross Carrying Amount		Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Amortization			Net Book Value
Definite lived intangible assets:
Customer relationships	$	9.8	$	(8.6	)	$	1.2	$	9.9	$	(8.6	)	$	1.3
Patents		30.5		(29.7	)		0.8		31.0		(30.3	)		0.7
Total		40.3		(38.3	)		2.0		40.9		(38.9	)		2.0
Indefinite lived intangible assets:
Trademarks and tradenames		98.2		—			98.2		100.0		—			100.0
Distribution network		19.1		—			19.1		19.6		—			19.6
Total		117.3		—			117.3		119.6		—			119.6
Total other intangible assets	$	157.6	$	(38.3	)	$	119.3	$	160.5	$	(38.9	)	$	121.6

Other intangible assets with definite lives are amortized over their estimated useful lives. Amortization expense for the three months ended June 30, 2021 and 2020 was $0.1 million. Amortization expense for the six months ended June 30, 2021 and 2020 was $0.2 million.

Definite lived intangible assets and long-lived assets are subject to impairment testing whenever events or circumstances indicate that the carrying value of the assets may not be recoverable. The Company determined there was not a triggering event as of June 30, 2021.