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Intangible Assets, Net | 3 Months Ended
--- | ---
Mar. 31, 2024
Intangible Assets, Net |
Intangible Assets, Net | Note 5. Intangible Assets, Net ​ Intangible assets, net consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | March 31, 2024 | ​ | December 31, 2023
​ | 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 | 14.0 | ​ | $ | 721.4 | ​ | $ | (529.8) | ​ | $ | 716.0 | ​ | $ | (520.5)
Backlog of orders | 7.9 | ​ | ​ | 22.3 | ​ | ​ | (6.6) | ​ | ​ | 22.9 | ​ | ​ | (6.0)
Other | 9.4 | ​ | ​ | 10.1 | ​ | ​ | (9.5) | ​ | ​ | 10.0 | ​ | ​ | (9.5)
​ | ​ | ​ | ​ | 753.8 | ​ | ​ | (545.9) | ​ | ​ | 748.9 | ​ | ​ | (536.0)
Intangible assets not subject to amortization: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade names | ​ | ​ | ​ | 778.2 | ​ | ​ | — | ​ | ​ | 768.2 | ​ | ​ | —
​ | ​ | ​ | $ | 1,532.0 | ​ | $ | (545.9) | ​ | $ | 1,517.1 | ​ | $ | (536.0)
​ In connection with our acquisition of Cooksey Steel in the first quarter of 2024, we recorded $14.1 million of intangible assets, including $8.0 million allocated to the trade name acquired, which is not subject to amortization. ​ Amortization expense for intangible assets was $10.3 million and $11.8 million for the first quarters of 2024 and 2023, respectively. Foreign currency translation losses related to Intangible assets, net were $1.0 million in the first quarter of 2024 compared to foreign currency translation gains of $0.2 million in the first quarter of 2023. ​ The following is a summary of estimated future amortization expense: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | (in millions)
2024 (remaining nine months) | ​ | ​ | ​ | $ | 30.6
2025 | ​ | ​ | ​ | ​ | 36.7
2026 | ​ | ​ | ​ | ​ | 27.3
2027 | ​ | ​ | ​ | ​ | 26.6
2028 | ​ | ​ | ​ | ​ | 25.1
Thereafter | ​ | ​ | ​ | ​ | 61.6
​ | ​ | ​ | ​ | $ | 207.9
​

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- 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 -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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