Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

The following table presents amounts related to our goodwill and intangible assets as of September 30, 2025 and December 31, 2024:

		September 30, 2025				December 31, 2024
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizing intangible assets
Customer relationships	5-20 years	$	192.9	$	169.1	$	194.7	$	163.9
Developed technology	10-20 years		110.0		87.4		114.8		85.9
Trademarks and brand names	3-20 years		23.6		5.4		23.6		4.3
Software	5-7 years		19.7		10.3		19.7		7.8
Non-compete agreements	3-5 years		12.6		7.6		15.9		5.6
Other	Various		7.1		2.1		9.0		0.5
Total		$	365.9	$	281.9	$	377.7	$	268.0
Non-amortizing intangible assets
Trademarks and brand names	Indefinite		345.6				345.3
Total intangible assets		$	711.5			$	723.0
Goodwill	Indefinite	$	214.4			$	203.2

The increase in goodwill as of September 30, 2025 compared to December 31, 2024 was due to changes in the purchase price allocation for Zahner, and the acquisition of Geometrik, net of foreign exchange movements.

The following table presents the amortization expense related to our intangible assets for the three and nine months ended September 30, 2025 and 2024:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
Amortization expense	$	6.1	$	5.2	$	19.3	$	14.6