Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

5. Goodwill and Intangible Assets

Goodwill

The changes in the Company's goodwill consisted of the following:

(dollars in millions)	IT Services and Hardware		Entertainment and Communications		Total Company
Goodwill, balance as of December 31, 2018	$	146.0	$	11.0	$	157.0
Activity during the year:
Adjustments to prior year acquisitions		—		1.4		1.4
Currency translations		1.7		—		1.7
Goodwill, balance as of June 30, 2019	$	147.7	$	12.4	$	160.1

No impairment losses were recognized in goodwill for the three and six months ended June 30, 2019 and 2018.

Intangible Assets

The Company’s intangible assets consisted of the following:

	June 30, 2019							December 31, 2018
	Gross Carrying		Accumulated			Net		Gross Carrying		Accumulated			Net
(dollars in millions)	Amount (a)		Amortization			Amount		Amount (a)		Amortization			Amount
Customer relationships	$	140.5	$	(23.1	)	$	117.4	$	139.4	$	(17.8	)	$	121.6
Trade names		41.2		(4.4	)		36.8		40.7		(2.8	)		37.9
Technology		9.9		(1.7	)		8.2		9.9		(1.3	)		8.6
Total	$	191.6	$	(29.2	)	$	162.4	$	190.0	$	(21.9	)	$	168.1

(a)	Change in gross carrying amounts is due to foreign currency translation on certain intangible assets.

Amortization expense for intangible assets was $3.7 million and $7.3 million for the three and six months ended June 30, 2019, respectively. Amortization expense for intangible assets was $2.3 million and $4.9 million for the three and six months ended June 30, 2018, respectively. No impairment losses were recognized for the three and six months ended June 30, 2019 and 2018.

The estimated useful lives for each intangible asset class are as follows:

Customer relationships		8 to 15 years
Trade names		10 to 15 years
Technology		10 years

The annual estimated amortization expense for future years is as follows:

(dollars in millions)
Six months ended December 31, 2019	$	7.4
2020		14.5
2021		14.2
2022		13.9
2023		13.6
Thereafter		98.8
Total	$	162.4