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Note 12 - Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | 12. Goodwill and Intangible Assets: We completed the required annual impairment test as of June 30, 2020, 2019 and 2018, which resulted in no impairment of goodwill. Based on the results of our impairment assessment as of June 30, 2020, we determined that the fair value of our reporting units exceeded their respective carrying value. There were no goodwill impairment indicators after the date of the last annual impairment test. The following is a summary of the change in goodwill from December 31, 2018 through December 31, 2020, both in total and as allocated to our operating segments:
|  | Insurance |  |  | Energy and specialized markets |  |  | Financial services |  |  | Total |
Goodwill at December 31, 2018 |  | $ | 833.8 |  |  | $ | 2,054.7 |  |  | $ | 473.0 |  |  | $ | 3,361.5 |
Acquisitions |  |  | 161.0 |  |  |  | 288.5 |  |  |  | 4.0 |  |  |  | 453.5 |
Businesses held for sale and disposition |  |  | (7.9 | ) |  |  | — |  |  |  | (0.7 | ) |  |  | (8.6 | )
Purchase accounting reclassifications |  |  | (1.4 | ) |  |  | — |  |  |  | (0.1 | ) |  |  | (1.5 | )
Foreign currency translation adjustment |  |  | 13.3 |  |  |  | 46.3 |  |  |  | (0.2 | ) |  |  | 59.4 |
Goodwill at December 31, 2019 |  |  | 998.8 |  |  |  | 2,389.5 |  |  |  | 476.0 |  |  |  | 3,864.3 |
Acquisitions |  |  | 171.7 |  |  |  | — |  |  |  | — |  |  |  | 171.7 |
Purchase accounting reclassifications |  |  | 2.1 |  |  |  | (6.0 | ) |  |  | (0.2 | ) |  |  | (4.1 | )
Current period adjustment (1) |  |  | 21.4 |  |  |  | (19.5 | ) |  |  | — |  |  |  | 1.9 |
Foreign currency translation adjustment |  |  | 14.6 |  |  |  | 59.6 |  |  |  | 0.1 |  |  |  | 74.3 |
Goodwill at December 31, 2020 |  | $ | 1,208.6 |  |  | $ | 2,423.6 |  |  | $ | 475.9 |  |  | $ | 4,108.1 |
____________ (1) Of which $19.5 million relates to a segment reclassification, refer to Note 19. Segment Reporting Our intangible assets and related accumulated amortization consisted of the following:
|  | Weighted |  |  |  |  |  |  |  |  |  |  |  |
|  | Average |  |  |  |  |  |  |  |  |  |  |  |
|  | Useful Life |  |  |  |  |  | Accumulated |  |  |  |  |
|  | (in years) |  | Cost |  |  | Amortization |  |  | Net |
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Technology-based |  | 7 |  | $ | 559.6 |  |  |  | (349.5 | ) |  | $ | 210.1 |
Marketing-related |  | 16 |  |  | 275.2 |  |  |  | (113.4 | ) |  | $ | 161.8 |
Contract-based |  | 6 |  |  | 5.0 |  |  |  | (5.0 | ) |  | $ | — |
Customer-related |  | 13 |  |  | 1,004.3 |  |  |  | (354.2 | ) |  | $ | 650.1 |
Database-based |  | 19 |  |  | 501.0 |  |  |  | (138.2 | ) |  | $ | 362.8 |
Total intangible assets |  |  |  | $ | 2,345.1 |  |  | $ | (960.3 | ) |  | $ | 1,384.8 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Technology-based |  | 7 |  | $ | 519.2 |  |  | $ | (291.9 | ) |  | $ | 227.3 |
Marketing-related |  | 16 |  |  | 265.3 |  |  |  | (94.3 | ) |  |  | 171.0 |
Contract-based |  | 6 |  |  | 5.0 |  |  |  | (5.0 | ) |  |  | — |
Customer-related |  | 13 |  |  | 901.2 |  |  |  | (278.0 | ) |  |  | 623.2 |
Database-based |  | 19 |  |  | 484.6 |  |  |  | (107.2 | ) |  |  | 377.4 |
Total intangible assets |  |  |  | $ | 2,175.3 |  |  | $ | (776.4 | ) |  | $ | 1,398.9 |
Amortization expense related to intangible assets for the years ended December 31, 2020, 2019 and 2018, was $165.9 million, $138.0 million, and $130.8 million, respectively. Estimated amortization expense in future periods through 2025 and thereafter for intangible assets subject to amortization is as follows:
Years Ending |  | Amount |
2021 |  | $ | 169.9 |
2022 |  |  | 156.9 |
2023 |  |  | 144.3 |
2024 |  |  | 139.4 |
2025 |  |  | 114.7 |
2026 and thereafter |  |  | 659.6 |
Total |  | $ | 1,384.8 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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