XML 35 R23.htm IDEA: XBRL DOCUMENT v3.22.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

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

 

(dollars in millions)

 

IT Services and

Hardware

 

 

Network

 

 

Total Company

 

Goodwill, balance as of December 31, 2021

 

$

157.4

 

 

$

488.9

 

 

$

646.3

 

Activity during the year:

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to prior year Merger

 

 

(0.4

)

 

 

0.8

 

 

 

0.4

 

Acquisition of Agile

 

 

 

 

 

40.9

 

 

 

40.9

 

Currency translations

 

 

(0.5

)

 

 

 

 

 

(0.5

)

Goodwill, balance as of June 30, 2022

 

$

156.5

 

 

$

530.6

 

 

$

687.1

 

Schedule of Intangible Assets

The Company’s intangible assets consisted of the following:

 

 

 

June 30, 2022

 

 

December 31, 2021

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Net

 

 

Gross Carrying

 

 

Accumulated

 

 

Net

 

(dollars in millions)

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Intangible assets subject to amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      Customer relationships

 

$

863.1

 

 

$

(88.0

)

 

$

775.1

 

 

$

850.0

 

 

$

(36.2

)

 

$

813.8

 

      Trade names

 

 

110.3

 

 

 

(12.7

)

 

 

97.6

 

 

 

108.0

 

 

 

(5.0

)

 

 

103.0

 

      Technology

 

 

6.0

 

 

 

(0.6

)

 

 

5.4

 

 

 

5.0

 

 

 

(0.2

)

 

 

4.8

 

  Total

 

 

979.4

 

 

 

(101.3

)

 

 

878.1

 

 

 

963.0

 

 

 

(41.4

)

 

 

921.6

 

Intangible assets not subject to amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

      FCC licenses and spectrum usage rights

 

 

6.8

 

 

 

 

 

 

6.8

 

 

 

6.7

 

 

 

 

 

 

6.7

 

Total intangible assets

 

$

986.2

 

 

$

(101.3

)

 

$

884.9

 

 

$

969.7

 

 

$

(41.4

)

 

$

928.3

 

 

 

Schedule of Estimated Useful Lives for Finite-lived Intangible Assets

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

 

Customer relationships

 

15 years

Trade names

 

3 to 10 years

Technology

 

7 years

Schedule of Estimated Amortization Expense

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

 

(dollars in millions)

 

 

 

 

Six months ended December 31, 2022

 

$

61.8

 

2023

 

 

115.5

 

2024

 

 

106.2

 

2025

 

 

93.9

 

2026

 

 

86.3

 

Thereafter

 

 

414.4

 

Total

 

$

878.1