Goodwill and Intangibles

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles

Goodwill and Intangibles

The following table provides information related to the goodwill and intangible assets as of September 30, 2025 and December 31, 2024 (in millions):

	September 30,		December 31,
	2025		2024
Goodwill	$	40.6	$	39.6
Definite-lived intangibles	23.8		25.4
Indefinite-lived intangibles	0.7		0.7
Balance	$	65.1	$	65.7

The following table summarizes information related to the Company's definite-lived intangible assets as of September 30, 2025 (in millions):

	Amortization Period  (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Useful Life
Client lists	10 yrs	$	26.8	$	7.7	$	19.1	7.7
Trademarks	10 yrs	6.2		1.5		4.7		7.6
Total		$	33.0	$	9.2	$	23.8	7.6

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

In the nine months ended September 30, 2025, the Company recorded $2.3 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	$	0.8
2026	3.1
2027	3.1
2028	3.1
2029	3.1
Thereafter	$	10.6
Total	$	23.8