Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

The following table details amounts related to our goodwill and intangible assets as of March 31, 2025 and December 31, 2024:

		March 31, 2025				December 31, 2024
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangible assets
Customer relationships	2-20 years	$	197.4	$	167.4	$	194.7	$	163.9
Developed technology	10-20 years		109.4		86.5		114.8		85.9
Software	5-7 years		19.7		8.7		19.7		7.8
Trademarks and brand names	3-20 years		23.6		4.6		23.6		4.3
Non-compete agreements	3-5 years		12.6		6.3		15.9		5.6
Other	Various		6.9		1.2		9.0		0.5
Total		$	369.6	$	274.7	$	377.7	$	268.0
Non-amortizing intangible assets
Trademarks and brand names	Indefinite		345.4				345.3
Total intangible assets		$	715.0			$	723.0
Goodwill	Indefinite	$	210.0			$	203.2

The net increase in goodwill as of March 31, 2025 compared to December 31, 2024 was due to changes in the purchase price allocation of Zahner.

	Three Months Ended
	March 31,
	2025		2024
Amortization expense	$	6.7	$	4.1