XML 29 R15.htm IDEA: XBRL DOCUMENT
v3.22.4

Intangible Assets, net | 12 Months Ended
--- | ---
Dec. 31, 2022
Intangible Assets, net |
Intangible Assets, net | Note 7. Intangible Assets, net ​ Intangible assets, net, consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | December 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 | ​ | $ | 713.6 | ​ | $ | (479.3) | ​ | $ | 713.0 | ​ | $ | (435.1)
Backlog of orders | 7.9 | ​ | ​ | 22.3 | ​ | ​ | (3.1) | ​ | ​ | 15.8 | ​ | ​ | (0.2)
Other | 9.1 | ​ | ​ | 9.9 | ​ | ​ | (9.5) | ​ | ​ | 9.9 | ​ | ​ | (9.4)
​ | ​ | ​ | ​ | 745.8 | ​ | ​ | (491.9) | ​ | ​ | 738.7 | ​ | ​ | (444.7)
Intangible assets not subject to amortization: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade names | ​ | ​ | ​ | 765.7 | ​ | ​ | — | ​ | ​ | 783.7 | ​ | ​ | —
​ | ​ | ​ | $ | 1,511.5 | ​ | $ | (491.9) | ​ | $ | 1,522.4 | ​ | $ | (444.7)
​ Certain 2021 amounts have been reclassified for consistency with the current period presentation. ​ In 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 by $16.9 million, increased the backlog of orders intangible asset by $8.0 million and increased customer lists/relationships intangible assets by $2.7 million. See Note 2—“Acquisitions” for further discussion of intangible assets recorded in the purchase price allocations for our 2021 acquisitions. ​ During 2021, we recognized impairment losses of $4.7 million on our trade name intangible assets and a total of $98.5 million of impairment losses in 2020, comprised of $67.8 million on our trade name intangible assets and $30.7 million on our customer relationship intangible assets. See Note 19—“Impairment and Restructuring Charges” for further discussion of our impairment losses. ​ Amortization expense for intangible assets amounted to $48.1 million, $38.7 million and $39.6 million in 2022, 2021 and 2020, respectively. Foreign currency translation losses were $4.0 million in 2022 compared to gains of $0.3 million in 2021. ​ The following is a summary of estimated aggregate amortization expense for each of the next five years: ​
​ | ​ | ​
​ | (in millions)
2023 | $ | 43.6
2024 | ​ | 40.1
2025 | ​ | 35.9
2026 | ​ | 26.4
2027 | ​ | 25.8
​

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IntangibleAssetsNetExcludingGoodwillAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration