Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the nine months ended September 30, 2022 were as follows:

	Goodwill		Accumulated Impairment Losses		Total
Balance as of December 31, 2021	$	233.9	$	(40.8)	$	193.1
Foreign currency fluctuations	(32.0)		7.5		(24.5)
Balance as of September 30, 2022	$	201.9	$	(33.3)	$	168.6

The balances of acquired intangible assets, excluding goodwill, were as follows:

	Customer Lists		Trade Names		Technology		Total
Balance as of September 30, 2022
Original cost	$	134.5	$	26.1	$	15.3	$	175.9
Accumulated amortization	(77.6)		(13.8)		(10.5)		(101.9)
Carrying value	$	56.9	$	12.3	$	4.8	$	74.0
Weighted average original life (in years)	15		10		11
Balance as of December 31, 2021
Original cost	$	155.4	$	30.3	$	17.0	$	202.7
Accumulated amortization	(80.0)		(13.9)		(10.8)		(104.7)
Carrying value	$	75.4	$	16.4	$	6.2	$	98.0
Weighted average original life (in years)	15		11		11

Amortization expense on intangible assets for the three and nine months ended September 30, 2022 was $3.7 million and $12.1 million, respectively. Amortization expense on intangible assets for the three and nine months ended September 30, 2021 was $4.8 million and $15.1 million, respectively.

Estimated aggregate amortization expense based on the current carrying value of amortizable intangible assets for each of the five succeeding years and thereafter is as follows:

Remaining 2022	$	3.6
2023	13.3
2024	12.0
2025	10.8
2026	9.7
Thereafter	24.6
Total	$	74.0