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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
The following table represents the changes in goodwill by segment:
 
E&C
 
E&C Cryogenics
 
E&C FinFans
 
D&S West
 
D&S East
 
Consolidated
Balance at December 31, 2018
$
295.8

 
$

 
$

 
$
151.3

 
$
73.6

 
$
520.7

Reallocation (1)
(295.8
)
 
183.5

 
112.3

 

 

 

Foreign currency translation adjustments

 
(1.9
)
 
(0.6
)
 

 
(4.3
)
 
(6.8
)
Goodwill from acquisitions

 

 
240.1

 

 

 
240.1

Purchase price allocation adjustments (2)

 
4.3

 

 
0.8

 
38.9

 
44.0

Balance at September 30, 2019
$

 
$
185.9

 
$
351.8

 
$
152.1

 
$
108.2

 
$
798.0

 
 
 
 
 
 
 
 
 
 
 
 
Accumulated goodwill impairment loss at September 30, 2019 and December 31, 2018 (1)
$

 
$
40.9

 
$
23.7

 
$
82.5

 
$

 
$
147.1


_______________
(1) 
The former E&C segment goodwill and accumulated goodwill impairment loss at December 31, 2018 was reallocated to the two new segments (E&C Cryogenics and E&C FinFans) based on their relative fair values as of July 1, 2019.
(2) 
For the nine months ended September 30, 2019, preliminary purchase price allocations for certain acquisitions were adjusted by $43.2 ($4.3 in E&C Cryogenics and $38.9 in D&S East) for the VRV acquisition and $0.8 for the Skaff acquisition. See Note 10, “Business Combinations”.

Schedule of Finite-Lived Intangible Assets
The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) (1):
 
 
 
September 30, 2019
 
December 31, 2018
 
Weighted-average Estimated Useful Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Gross
Carrying
Amount
 
Accumulated
Amortization
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
 
Customer relationships
13 years
 
$
418.6

 
$
(108.9
)
 
$
254.0

 
$
(92.0
)
Unpatented technology
11 years
 
91.9

 
(9.7
)
 
39.4

 
(5.1
)
Land use rights
50 years
 
11.8

 
(1.4
)
 
12.2

 
(1.3
)
Trademarks and trade names
14 years
 
6.2

 
(1.4
)
 
13.5

 
(1.1
)
Patents and other
4 years
 
23.1

 
(6.0
)
 
14.0

 
(1.5
)
Total finite-lived intangible assets
13 years
 
551.6

 
(127.4
)
 
333.1

 
(101.0
)
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
Trademarks and trade names
 
 
153.6

 

 
98.3

 

Total intangible assets
 
 
$
705.2

 
$
(127.4
)
 
$
431.4

 
$
(101.0
)
_______________
(1)
Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.
Schedule of Indefinite-Lived Intangible Assets
The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) (1):
 
 
 
September 30, 2019
 
December 31, 2018
 
Weighted-average Estimated Useful Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Gross
Carrying
Amount
 
Accumulated
Amortization
Finite-lived intangible assets:
 
 
 
 
 
 
 
 
 
Customer relationships
13 years
 
$
418.6

 
$
(108.9
)
 
$
254.0

 
$
(92.0
)
Unpatented technology
11 years
 
91.9

 
(9.7
)
 
39.4

 
(5.1
)
Land use rights
50 years
 
11.8

 
(1.4
)
 
12.2

 
(1.3
)
Trademarks and trade names
14 years
 
6.2

 
(1.4
)
 
13.5

 
(1.1
)
Patents and other
4 years
 
23.1

 
(6.0
)
 
14.0

 
(1.5
)
Total finite-lived intangible assets
13 years
 
551.6

 
(127.4
)
 
333.1

 
(101.0
)
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
Trademarks and trade names
 
 
153.6

 

 
98.3

 

Total intangible assets
 
 
$
705.2

 
$
(127.4
)
 
$
431.4

 
$
(101.0
)
_______________
(1)
Amounts include the impact of foreign currency translation. Fully amortized amounts are written off.
Schedule of Estimated Future Amortization
We estimate amortization expense to be recognized during the next five years as follows:
For the Year Ending December 31,
 
2019
$
16.1

2020
52.4

2021
37.9

2022
37.8

2023
37.4


Schedule of Government Grants
China Government Grants are presented in our unaudited condensed consolidated balance sheets as follows:
 
September 30,
2019
 
December 31,
2018
Current
$
0.5

 
$
0.5

Long-term
7.2

 
7.7

Total China Government Grants
$
7.7

 
$
8.2