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Note 13 - Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
13. | Goodwill and Other Intangible Assets
Total goodwill was $100.5 million, $105.4 million, and $96.3 million at December 31, 2021, 2020, and 2019 respectively. All goodwill is assigned to our FMS business segment. No impairment losses have been recorded for goodwill as of December 31, 2021. Our intangible assets consist of those arising from previous business acquisitions and our purchased local distribution center (LDC) network access, both within our FMS segment. Identifiable intangible assets consist of the following (in millions):
|  |  |  |  |  |  |  |  |  | Weighted Average |
|  | December 31, |  |  | Amortization |
|  | 2021 |  |  | 2020 |  |  | Period |
Finite-lived intangibles: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships |  | $ | 129.9 |  |  | $ | 131.7 |  |  |  | 11.1 |
Non-competition agreements |  |  | 7.3 |  |  |  | 7.9 |  |  |  | 6.7 |
Trade names |  |  | 4.2 |  |  |  | 3.8 |  |  |  | 2.1 |
LDC Network |  |  | 10.5 |  |  |  | 10.5 |  |  |  | 10.0 |
Total finite-lived intangibles |  |  | 151.9 |  |  |  | 153.9 |  |  |  |  |
Less accumulated amortization |  |  | (61.3 | ) |  |  | (47.1 | ) |  |  |  |
Total identifiable intangible assets, net |  | $ | 90.6 |  |  | $ | 106.8 |  |  |  |  |
Our finite-lived intangible assets have no assigned residual values. During the years ending December 31, 2021, 2020, and 2019, intangible asset amortization expense was $14.3 million, $13.8 million and $12.4 million, respectively. Estimated amortization expense for our finite-lived intangible assets is expected to be approximately $13.5 million for 2022 and 2023, $13.2 for 2024, and $13.1 million for 2025 and 2026. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, impairment or accelerated amortization of intangible assets, and other events.

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- Definition The entire disclosure for goodwill and 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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