XML 59 R13.htm IDEA: XBRL DOCUMENT

Intangible Assets, net

9 Months Ended

Sep. 30, 2019

Note 5. Intangible Assets, net

Intangible assets, net consisted of the following:


		September 30, 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	$	(0.5)	$	0.8	$	(0.4)
Customer lists/relationships	15.0		708.7		(426.4)		707.3		(393.4)
Software	10.0		8.1		(8.1)		8.1		(8.1)
Other	7.3		1.1		(0.9)		1.0		(0.9)
			718.7		(435.9)		717.2		(402.8)
Intangible assets not subject to amortization:
Trade names			757.9		—		757.6		—
		$	1,476.6	$	(435.9)	$	1,474.8	$	(402.8)

Amortization expense for intangible assets was $32.3 million and $35.1 million for the nine months ended September 30, 2019 and 2018, respectively. Foreign currency translation gains related to intangible assets, net, were $1.0 million for the nine months ended September 30, 2019 compared to $1.5 million of foreign currency translation losses for the nine months ended September 30, 2018.

During the three months and nine months ended September 30, 2018, we recognized impairment losses of $16.5 million and $16.7 million on our trade name and customer relationship intangible assets, respectively, related to one of our energy businesses. See Note 12—“Impairment and Restructuring Charges” for further discussion of our impairment losses.

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


	(in millions)
2019 (remaining three months)	$	10.8
2020		43.1
2021		41.4
2022		36.7
2023		30.7
2024		27.2