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Business Combinations, Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Business Combinations Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The following table presents the changes in the carrying value of our goodwill (in millions of dollars):

 

 

 

As of December 31,

 

 

 

2022

 

 

2021

 

Gross carrying value:

 

 

 

 

 

 

Beginning balance

 

$

57.7

 

 

$

37.2

 

Warrick acquisition

 

 

 

 

 

20.5

 

Warrick impairment

 

 

(20.5

)

 

 

 

Ending balance

 

 

37.2

 

 

 

57.7

 

Accumulated impairment loss

 

 

(18.4

)

 

 

(18.4

)

Net carrying value

 

$

18.8

 

 

$

39.3

 

Schedule of Gross Carrying Amount and Accumulated Amortization By Major Intangible Asset Class The following table presents the gross carrying amount and accumulated amortization by major intangible asset class (in millions of dollars, except amortization periods):

 

 

 

Weighted-
Average
Amortization
Period
(in years)

 

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Intangible
Assets, Net

 

As of December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

19

 

 

$

68.1

 

 

$

(21.9

)

 

$

46.2

 

Trade name

 

 

10

 

 

 

2.4

 

 

 

(1.0

)

 

 

1.4

 

Non-compete agreement

 

 

5

 

 

 

5.4

 

 

 

(4.6

)

 

 

0.8

 

Favorable lease contracts

 

 

120

 

 

 

7.0

 

 

 

(0.1

)

 

 

6.9

 

Total

 

 

 

 

$

82.9

 

 

$

(27.6

)

 

$

55.3

 

As of December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

19

 

 

$

68.1

 

 

$

(17.8

)

 

$

50.3

 

Trade name

 

 

10

 

 

 

2.4

 

 

 

(0.8

)

 

 

1.6

 

Non-compete agreement

 

 

5

 

 

 

5.4

 

 

 

(3.5

)

 

 

1.9

 

Favorable commodity contracts

 

 

2

 

 

 

11.0

 

 

 

(4.1

)

 

 

6.9

 

Favorable lease contracts

 

 

120

 

 

 

7.0

 

 

 

 

 

 

7.0

 

Total

 

 

 

 

$

93.9

 

 

$

(26.2

)

 

$

67.7

 

Schedule of Expected Amortization of Intangible Assets The following table presents the expected amortization of intangible assets for each of the next five calendar years and thereafter as of December 31, 2022 (in millions of dollars):

 

2023

 

$

5.3

 

2024

 

 

4.5

 

2025

 

 

4.5

 

2026

 

 

4.5

 

2027

 

 

4.5

 

Thereafter

 

 

32.0

 

Total

 

$

55.3