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Intangible Assets, net
6 Months Ended
Jun. 30, 2017
Intangible Assets, net  
Intangible Assets, net

5.  Intangible Assets, net

 

Intangible assets, net consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2017

 

December 31, 2016

 

Weighted Average

 

Gross

 

 

 

 

Gross

 

 

 

 

Amortizable

 

Carrying

 

Accumulated

 

Carrying

 

Accumulated

 

Life in Years

    

Amount

  

Amortization

  

Amount

  

Amortization

 

 

 

(in millions)

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

Covenants not to compete

4.8

 

$

1.1

 

$

(0.7)

 

$

1.1

 

$

(0.6)

Customer lists/relationships

14.6

 

 

739.0

 

 

(366.5)

 

 

736.7

 

 

(338.9)

Software

10.0

 

 

8.1

 

 

(8.1)

 

 

8.1

 

 

(8.1)

Other

5.3

 

 

6.5

 

 

(5.8)

 

 

6.3

 

 

(5.5)

 

 

 

 

754.7

 

 

(381.1)

 

 

752.2

 

 

(353.1)

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

 

753.1

 

 

 

 

752.2

 

 

 

 

 

$

1,507.8

 

$

(381.1)

 

$

1,504.4

 

$

(353.1)

 

We recognized amortization expense for intangible assets of $26.7 million and $27.1 million for the six months ended June 30, 2017 and 2016, respectively. Foreign currency translation gains related to intangible assets, net, were $2.1 million during the six months ended June 30, 2017.

 

The following is a summary of estimated aggregate amortization expense for the remaining six months of 2017 and each of the succeeding five years:

 

 

 

 

 

 

(in millions)

2017 (remaining six months)

$

23.7

2018

 

46.2

2019

 

46.0

2020

 

46.0

2021

 

42.1

2022

 

33.9