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Intangible Assets, net
3 Months Ended
Mar. 31, 2018
Intangible Assets, net  
Intangible Assets, net

6.  Intangible Assets, net

 

Intangible assets, net consisted of the following:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2018

 

December 31, 2017

 

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

 

$

0.8

 

$

(0.4)

 

$

0.8

 

$

(0.4)

Customer lists/relationships

14.5

 

 

752.6

 

 

(402.4)

 

 

745.0

 

 

(391.3)

Software

10.0

 

 

8.1

 

 

(8.1)

 

 

8.1

 

 

(8.1)

Other

5.7

 

 

7.6

 

 

(6.6)

 

 

6.3

 

 

(5.9)

 

 

 

 

769.1

 

 

(417.5)

 

 

760.2

 

 

(405.7)

Intangible assets not subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

 

763.9

 

 

 

 

757.6

 

 

 

 

 

$

1,533.0

 

$

(417.5)

 

$

1,517.8

 

$

(405.7)

 

Intangible assets recorded in connection with our acquisition of DuBose were $15.7 million as of March 31, 2018 (see Note 3—“Acquisitions”). A total of $6.6 million was allocated to the trade names acquired, which are not subject to amortization.

 

We recognized amortization expense for intangible assets of $11.8 million and $13.4 million for the first quarters of 2018 and 2017, respectively. Foreign currency translation losses related to intangible assets, net, were $0.9 million for the first quarter of 2018.

 

The following is a summary of estimated aggregate amortization expense for the remaining nine months of 2018 and each of the succeeding five years:

 

 

 

 

 

(in millions)

2018 (remaining nine months)

$

35.7

2019

 

47.5

2020

 

47.5

2021

 

43.4

2022

 

35.2

2023

 

29.1