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Business Combinations, Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
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,

 

 

 

2020

 

 

2019

 

Gross carrying value

 

$

37.2

 

 

$

62.4

 

Accumulated impairment loss:

 

 

 

 

 

 

 

 

Beginning balance

 

 

(18.4

)

 

 

(18.4

)

Impairment loss

 

 

 

 

 

(25.2

)

Ending balance

 

 

(18.4

)

 

 

(43.6

)

Net carrying value

 

$

18.8

 

 

$

18.8

 

 

 

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, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

24

 

 

$

36.1

 

 

$

(14.2

)

 

$

21.9

 

Trade name

 

 

10

 

 

 

2.4

 

 

 

(0.6

)

 

 

1.8

 

Non-compete agreement

 

 

5

 

 

 

5.4

 

 

 

(2.4

)

 

 

3.0

 

Total

 

 

 

 

 

$

43.9

 

 

$

(17.2

)

 

$

26.7

 

As of December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

 

24

 

 

$

36.1

 

 

$

(12.7

)

 

$

23.4

 

Trade name

 

 

10

 

 

 

2.4

 

 

 

(0.3

)

 

 

2.1

 

Non-compete agreement

 

 

5

 

 

 

5.4

 

 

 

(1.3

)

 

 

4.1

 

Total

 

 

 

 

 

$

43.9

 

 

$

(14.3

)

 

$

29.6

 

 

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, 2020 (in millions of dollars):

2021

 

$

2.8

 

2022

 

 

2.8

 

2023

 

 

2.6

 

2024

 

 

1.8

 

2025

 

 

1.8

 

Thereafter

 

 

14.9

 

Total

 

$

26.7