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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The carrying amounts of goodwill as of June 30, 2024 and December 31, 2023 by reportable segment are as follows (in millions):
| As of June 30, 2024
| KGS |  | US |  | Total
Gross value | $ | 683.6 |  |  | $ | 138.6 |  |  | $ | 822.2 |
Less accumulated impairment | 239.5 |  |  | 13.8 |  |  | 253.3 |
Net | $ | 444.1 |  |  | $ | 124.8 |  |  | $ | 568.9 |
| As of December 31, 2023
| KGS |  | US |  | Total
Gross value | $ | 683.6 |  |  | $ | 138.8 |  |  | 822.4 |
Less accumulated impairment | 239.5 |  |  | 13.8 |  |  | 253.3 |
Net | $ | 444.1 |  |  | $ | 125.0 |  |  | $ | 569.1 |
Schedule of Intangible Assets (Finite-Lived) | The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions):
| As of June 30, 2024 |  | As of December 31, 2023
| Gross Value |  | Accumulated Amortization |  | Net Value |  | Gross Value |  | Accumulated Amortization |  | Net Value
Acquired finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 80.9 |  |  | $ | (64.0) |  |  | $ | 16.9 |  |  | $ | 80.9 |  |  | $ | (62.8) |  |  | $ | 18.1 |
Contracts and backlog | 53.1 |  |  | (41.0) |  |  | 12.1 |  |  | 53.1 |  |  | (38.8) |  |  | 14.3 |
Developed technology and technical know-how | 33.7 |  |  | (28.8) |  |  | 4.9 |  |  | 33.7 |  |  | (28.2) |  |  | 5.5 |
Trade names | 3.8 |  |  | (2.9) |  |  | 0.9 |  |  | 3.8 |  |  | (2.7) |  |  | 1.1 |
In-process research and development | 16.8 |  |  | (0.4) |  |  | 16.4 |  |  | 16.8 |  |  | (0.3) |  |  | 16.5 |
Total finite-lived intangible assets | 188.3 |  |  | (137.1) |  |  | 51.2 |  |  | 188.3 |  |  | (132.8) |  |  | 55.5 |
Indefinite-lived trade names | 6.9 |  |  | — |  |  | 6.9 |  |  | 6.9 |  |  | — |  |  | 6.9 |
Total intangible assets | $ | 195.2 |  |  | $ | (137.1) |  |  | $ | 58.1 |  |  | $ | 195.2 |  |  | $ | (132.8) |  |  | $ | 62.4 |
Schedule of Intangible Assets (Indefinite-Lived) | The following table sets forth information for finite-lived and indefinite-lived intangible assets (in millions):
| As of June 30, 2024 |  | As of December 31, 2023
| Gross Value |  | Accumulated Amortization |  | Net Value |  | Gross Value |  | Accumulated Amortization |  | Net Value
Acquired finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 80.9 |  |  | $ | (64.0) |  |  | $ | 16.9 |  |  | $ | 80.9 |  |  | $ | (62.8) |  |  | $ | 18.1 |
Contracts and backlog | 53.1 |  |  | (41.0) |  |  | 12.1 |  |  | 53.1 |  |  | (38.8) |  |  | 14.3 |
Developed technology and technical know-how | 33.7 |  |  | (28.8) |  |  | 4.9 |  |  | 33.7 |  |  | (28.2) |  |  | 5.5 |
Trade names | 3.8 |  |  | (2.9) |  |  | 0.9 |  |  | 3.8 |  |  | (2.7) |  |  | 1.1 |
In-process research and development | 16.8 |  |  | (0.4) |  |  | 16.4 |  |  | 16.8 |  |  | (0.3) |  |  | 16.5 |
Total finite-lived intangible assets | 188.3 |  |  | (137.1) |  |  | 51.2 |  |  | 188.3 |  |  | (132.8) |  |  | 55.5 |
Indefinite-lived trade names | 6.9 |  |  | — |  |  | 6.9 |  |  | 6.9 |  |  | — |  |  | 6.9 |
Total intangible assets | $ | 195.2 |  |  | $ | (137.1) |  |  | $ | 58.1 |  |  | $ | 195.2 |  |  | $ | (132.8) |  |  | $ | 62.4 |
Schedule of Future Amortization Expense of Acquired Intangibles | The estimated future amortization expense of acquired intangible assets with finite lives as of June 30, 2024 is as follows (in millions):
| Amount
2024 | $ | 4.2 |
2025 | 8.9 |
2026 | 9.1 |
2027 | 7.4 |
2028 | 4.5 |
Thereafter | 17.1 |
Total | $ | 51.2 |

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