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v3.22.1

Intangible Assets, net | 3 Months Ended
--- | ---
Mar. 31, 2022
Intangible Assets, net |
Intangible Assets, net | Note 5. Intangible Assets, net ​ Intangible assets, net consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | March 31, 2022 | ​ | December 31, 2021
​ | Weighted Average | ​ | Gross | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​
​ | Amortizable | ​ | Carrying | ​ | Accumulated | ​ | Carrying | ​ | Accumulated
​ | Life in Years |  | Amount |  | Amortization |  | Amount |  | Amortization
​ | ​ | ​ | (in millions)
Intangible assets subject to amortization: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer lists/relationships | 14.2 | ​ | $ | 715.9 | ​ | $ | (446.2) | ​ | $ | 713.0 | ​ | $ | (435.1)
Backlog of orders | 7.9 | ​ | ​ | 24.2 | ​ | ​ | (1.0) | ​ | ​ | 15.8 | ​ | ​ | (0.2)
Other | 9.2 | ​ | ​ | 10.0 | ​ | ​ | (9.6) | ​ | ​ | 9.9 | ​ | ​ | (9.4)
​ | ​ | ​ | ​ | 750.1 | ​ | ​ | (456.8) | ​ | ​ | 738.7 | ​ | ​ | (444.7)
Intangible assets not subject to amortization: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade names | ​ | ​ | ​ | 766.6 | ​ | ​ | — | ​ | ​ | 783.7 | ​ | ​ | —
​ | ​ | ​ | $ | 1,516.7 | ​ | $ | (456.8) | ​ | $ | 1,522.4 | ​ | $ | (444.7)
​ Certain amounts in prior periods have been reclassified to conform with current period presentation. ​ Amortization expense for intangible assets was $12.2 million and $9.2 million for the quarters ended March 31, 2022 and 2021, respectively. Foreign currency translation gains related to intangible assets, net, were $0.4 million and $0.1 million for the quarters ended March 31, 2022 and 2021, respectively. ​ During the first quarter of 2022, we recorded purchase price adjustments relating to our 2021 acquisitions based on the finalization of intangible asset valuations that decreased trade name intangible assets for $16.9 million, increased the Backlog of orders intangible asset for $8.0 million and increased customer lists/relationships intangible assets for $2.7 million. ​ The following is a summary of estimated future amortization expense for the remaining nine months of 2022 and each of the succeeding five years: ​
​ | ​ | ​
​ | (in millions)
2022 (remaining nine months) | $ | 36.1
2023 | ​ | 44.0
2024 | ​ | 40.5
2025 | ​ | 36.3
2026 | ​ | 26.8
2027 | ​ | 26.1
​

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- Definition The entire disclosure for all or part of the information related to 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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