Intangible Assets, net

3 Months Ended

Mar. 31, 2019

Note 5. Intangible Assets, net

Intangible assets, net consisted of the following:


		March 31, 2019				December 31, 2018
	Weighted Average	Gross				Gross
	Amortizable	Carrying		Accumulated		Carrying		Accumulated
	Life in Years	Amount		Amortization		Amount		Amortization
		(in millions)
Intangible assets subject to amortization:
Covenants not to compete	4.8	$	0.8	$	(0.4)	$	0.8	$	(0.4)
Customer lists/relationships	15.0		708.6		(404.9)		707.3		(393.4)
Software	10.0		8.1		(8.1)		8.1		(8.1)
Other	7.5		1.1		(0.9)		1.0		(0.9)
			718.6		(414.3)		717.2		(402.8)
Intangible assets not subject to amortization:
Trade names			758.1		—		757.6		—
		$	1,476.7	$	(414.3)	$	1,474.8	$	(402.8)

Intangible assets amortization expense was $10.8 million and $11.8 million for the first quarters of 2019 and 2018, respectively. Foreign currency translation gains related to intangible assets, net, were $1.2 million in the first quarter of 2019 compared to $0.9 million of foreign currency translation losses in the first quarter of 2018.

The following is a summary of estimated future amortization expense for the remaining nine months of 2019 and each of the succeeding five years:


	(in millions)
2019 (remaining nine months)	$	32.3
2020		43.1
2021		41.4
2022		36.7
2023		30.7
2024		27.2