Goodwill and Intangibles (Tables)

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

The following table provides information related to the goodwill and intangible assets as of March 31, 2025 and December 31, 2024 (in millions):

	March 31,		December 31,
	2025		2024
Goodwill	$	39.6	$	39.6
Definite-lived intangibles	24.6		25.4
Indefinite-lived intangibles	0.7		0.7
Balance	$	64.9	$	65.7

Schedule of Definite-Lived Intangible Assets

The following table summarizes information related to the Company's definite-lived intangible assets as of March 31, 2025 (in millions):

	Amortization Period  (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Useful Life
Client lists	10 yrs	$	26.1	$	6.5	$	19.6	8.1
Trademarks	10 yrs	6.2		1.2		5.0		8.1
Total		$	32.3	$	7.7	$	24.6	8.1

The following table summarizes information related to the Company's definite-lived intangible assets as of December 31, 2024 (in millions):

	Amortization Period  (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Useful Life
Client lists	10 yrs	$	26.1	$	5.9	$	20.2	8.4
Trademarks	10 yrs	6.2		1.0		5.2		8.4
Total		$	32.3	$	6.9	$	25.4	8.4

Schedule of Estimated Amortization for Future Years

In the first quarter of 2025, the Company recorded $0.8 million of intangible amortization expense, primarily related to the May 2023 acquisition of Indoff. The estimated amortization for future years ending December 31 is as follows (in millions):

2025 remainder	$	2.2
2026	3.0
2027	3.0
2028	3.0
2029	3.0
Thereafter	$	10.4
Total	$	24.6