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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The following table represents the activity in goodwill net of accumulated goodwill impairment loss (“goodwill, net”) and accumulated goodwill impairment loss by segment for 2020 (1):
| D&S East |  | D&S West |  | E&C Cryogenics |  | E&C FinFans |  | Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Consoli-dated |  |  |  |  |  |  |
Goodwill, net balance at December 31, 2019 | $ | 117.0 |  |  | $ | 118.6 |  |  | $ | 176.2 |  |  | $ | 399.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 811.4 |  |  |  |  |  |  |  |
Foreign currency translation adjustments and other | 4.5 |  |  | — |  |  | — |  |  | 1.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 5.8 |  |  |  |  |  |  |  |
Purchase price adjustments | — |  |  | — |  |  | — |  |  | 0.4 |  |  | — |  |  |  |  |  |  |  |  | 0.4 |  |  |  |  |  |  |  |
Goodwill, net balance at September 30, 2020 | 121.5 |  |  | 118.6 |  |  | 176.2 |  |  | 401.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 817.6 |  |  |  |  |  |  |  |
Reallocation, D&S East | (121.5) |  |  | — |  |  | — |  |  | — |  |  | 43.3 |  |  | — |  |  | 64.6 |  |  | 13.6 |  |  | — |  |  |  |  |  |  |  |
Reallocation, D&S West | — |  |  | (118.6) |  |  | — |  |  | — |  |  | 43.2 |  |  | — |  |  | 63.6 |  |  | 11.8 |  |  | — |  |  |  |  |  |  |  |
Reallocation, E&C Cryogenics | — |  |  | — |  |  | (176.2) |  |  | — |  |  | — |  |  | 137.0 |  |  | 5.6 |  |  | 33.6 |  |  | — |  |  |  |  |  |  |  |
Reallocation, E&C FinFans | — |  |  | — |  |  | — |  |  | (401.3) |  |  | — |  |  | 295.6 |  |  | — |  |  | 105.7 |  |  | — |  |  |  |  |  |  |  |
Goodwill, net balance at October 1, 2020 | — |  |  | — |  |  | — |  |  | — |  |  | 86.5 |  |  | 432.6 |  |  | 133.8 |  |  | 164.7 |  |  | 817.6 |  |  |  |  |  |  |  |
Foreign currency translation adjustments and other | — |  |  | — |  |  | — |  |  | — |  |  | 6.7 |  |  | 2.6 |  |  | (0.2) |  |  | 0.4 |  |  | 9.5 |  |  |  |  |  |  |  |
Goodwill acquired during the period | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 38.8 |  |  | — |  |  | 38.8 |  |  |  |  |  |  |  |
Goodwill, net balance at December 31, 2020 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 93.2 |  |  | $ | 435.2 |  |  | $ | 172.4 |  |  | $ | 165.1 |  |  | $ | 865.9 |  |  |  |  |  |  |  |
Accumulated goodwill impairment loss at December 31, 2019 | $ | — |  |  | $ | 64.4 |  |  | $ | 40.9 |  |  | $ | 23.7 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 129.0 |  |  |  |  |  |  |  |
Accumulated goodwill impairment loss at September 30, 2020 | — |  |  | 64.4 |  |  | 40.9 |  |  | 23.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 129.0 |  |  |  |  |  |  |  |
Reallocation, D&S West | — |  |  | (64.4) |  |  | — |  |  | — |  |  | 23.5 |  |  | — |  |  | 34.5 |  |  | 6.4 |  |  | — |  |  |  |  |  |  |  |
Reallocation, E&C Cryogenics | — |  |  | — |  |  | (40.9) |  |  | — |  |  | — |  |  | 31.8 |  |  | 1.3 |  |  | 7.8 |  |  | — |  |  |  |  |  |  |  |
Reallocation, E&C FinFans | — |  |  | — |  |  | — |  |  | (23.7) |  |  | — |  |  | 17.5 |  |  | — |  |  | 6.2 |  |  | — |  |  |  |  |  |  |  |
Accumulated goodwill impairment loss at December 31, 2020 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 23.5 |  |  | $ | 49.3 |  |  | $ | 35.8 |  |  | $ | 20.4 |  |  | $ | 129.0 |  |  |  |  |  |  |  |
_______________ (1)The prior segments’ goodwill and accumulated goodwill impairment loss at December 31, 2019 were reassigned to four new reporting units, Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, based on their relative fair values as of October 1, 2020. The following table represents the activity in goodwill, net and accumulated goodwill impairment loss by segment for 2019 (1):
| D&S East |  | D&S West |  | E&C |  | E&C Cryogenics |  | E&C FinFans |  | Consolidated
Goodwill, net balance at December 31, 2018 | $ | 73.6 |  |  | $ | 117.8 |  |  | $ | 295.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 487.2 |
Reallocation, E&C | — |  |  | — |  |  | (295.8) |  |  | 183.5 |  |  | 112.3 |  |  | — |
Foreign currency translation adjustments and other | (0.9) |  |  | — |  |  | — |  |  | (0.6) |  |  | (0.2) |  |  | (1.7) |
Goodwill acquired during the year | — |  |  | — |  |  | — |  |  | — |  |  | 287.5 |  |  | 287.5 |
Purchase price adjustments (2) | 44.3 |  |  | 0.8 |  |  | — |  |  | (6.7) |  |  | — |  |  | 38.4 |
Goodwill, net balance at December 31, 2019 | $ | 117.0 |  |  | $ | 118.6 |  |  | $ | — |  |  | $ | 176.2 |  |  | $ | 399.6 |  |  | $ | 811.4 |
Accumulated goodwill impairment loss at December 31, 2018 | $ | — |  |  | $ | 64.4 |  |  | $ | 64.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 129.0 |
Accumulated goodwill impairment loss at December 31, 2019 | $ | — |  |  | $ | 64.4 |  |  | $ | — |  |  | $ | 40.9 |  |  | $ | 23.7 |  |  | $ | 129.0 |
_______________ (1)The prior E&C segment goodwill and accumulated goodwill impairment loss at December 31, 2018 were reassigned to two reporting units, E&C Cryogenics and E&C FinFans, based on their relative fair values as of July 1, 2019. (2)During 2019, we recorded purchase price adjustments related to previous acquisitions including an increase of $44.3 in D&S East, a decrease of $6.7 in E&C Cryogenics and an increase of $0.8 in D&S West. As discussed in Note 4, “Segment and Geographic Information,” we reorganized our reporting structure such that the composition of our reporting units changed effective October 1, 2020, which was also the goodwill reassignment date. We determined the fair values of each of our prior reporting units as of the goodwill reassignment date to assess whether there was an indication of impairment before and after the reassignment. We performed a goodwill impairment Step 1 test, as defined in Note 2, “Significant Accounting Policies” on each of our previous reporting units prior to the goodwill reassignment and determined that their fair values were in excess of their respective carrying amounts as of October 1, 2020. Furthermore, we performed a goodwill impairment Step 1 test on the new reporting units after the goodwill reassignment and determined that their fair values were in excess of their respective carrying amounts as of October 1, 2020. On September 30, 2020, we allocated a portion of the D&S West reporting unit’s goodwill to the cryobiological products business asset group on a relative fair value basis. Refer to Note 3, “Discontinued Operations” for further information. We determined the fair value of D&S West reporting unit as of the goodwill reassignment date to assess whether there was an indication of impairment before the reassignment. We performed an interim goodwill impairment Step 1 test, as defined in our Note 2, “Significant Accounting Policies” on the D&S West reporting unit prior to the goodwill reassignment and determined that its fair value was substantially in excess of its carrying amount as of September 30, 2020. Furthermore, when a portion of goodwill is allocated to an asset group to be disposed of, we test the goodwill remaining in the portion of the reporting unit to be retained for impairment. We elected to perform an interim goodwill Step 0 Test, as defined in Note 2, “Significant Accounting Policies” on the D&S West reporting unit after the goodwill reassignment. As a result of the Step 0 Test, no impairment of the D&S West reporting unit after the goodwill reassignment was indicated. Intangible Assets We recorded an impairment loss of $16.0 during 2020 relative to our $55.0 trademarks and trade names indefinite-lived intangible asset of our AXC business (“AXC Intangible Asset”) in our Heat Transfer Systems segment. Industry-wide softness in demand for midstream and upstream compression equipment represented impairment indicators requiring us to re-evaluate the fair value of the AXC Intangible Asset. We determined the fair value of the AXC Intangible Asset under the relief-from-royalty method and conducted an impairment test as defined in Note 2, “Significant Accounting Policies.” We determined that the fair value of the AXC Intangible Asset was $39.0 and impaired the AXC Intangible Asset by a value equal to the difference in the carrying amount and calculated fair value. 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):
|  |  | December 31, 2020 |  | December 31, 2019
| Weighted-average Estimated Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Customer relationships | 13 years |  | $ | 302.5 |  |  | $ | (59.9) |  |  | $ | 380.3 |  |  | $ | (115.0) |
Unpatented technology | 13 years |  | 110.4 |  |  | (22.3) |  |  | 90.1 |  |  | (13.0) |
Patents and other | 5 years |  | 8.4 |  |  | (1.8) |  |  | 20.9 |  |  | (9.8) |
Trademarks and trade names | 14 years |  | 3.6 |  |  | (1.4) |  |  | 2.4 |  |  | (1.2) |
Land rights | 50 years |  | 11.1 |  |  | (1.4) |  |  | 11.0 |  |  | (1.2) |
Total finite-lived intangible assets | 13 years |  | $ | 436.0 |  |  | $ | (86.8) |  |  | $ | 504.7 |  |  | $ | (140.2) |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  | $ | 143.9 |  |  | $ | — |  |  | $ | 157.9 |  |  | $ | — |
Total intangible assets |  |  | $ | 579.9 |  |  | $ | (86.8) |  |  | $ | 662.6 |  |  | $ | (140.2) |
_______________ (1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off. Amortization expense for intangible assets subject to amortization was $45.7, $39.8 and $21.9 for the years ended December 31, 2020, 2019 and 2018, respectively. We estimate amortization expense to be recognized during the next five years as follows:
For the Year Ending December 31, |
2021 | $ | 36.7 |
2022 | 34.5 |
2023 | 34.4 |
2024 | 34.0 |
2025 | 33.1 |
See Note 13, “Business Combinations,” for further information related to intangible assets acquired. Government Grants We received certain government grants related to land use rights for capacity expansion in China (“China Government Grants”). China Government Grants are generally recorded in other current liabilities and other long-term liabilities in the consolidated balance sheets and generally recognized into income over the useful life of the associated assets (10 to 50 years). China Government Grants are presented in our consolidated balance sheets as follows:
| December 31,
| 2020 |  | 2019
Current | $ | 0.5 |  |  | $ | 0.5 |
Long-term | 7.3 |  |  | 7.2 |
Total China Government Grants | $ | 7.8 |  |  | $ | 7.7 |
We also received government grants from certain local jurisdictions within the United States, which are recorded in other assets in the consolidated balance sheets and were not significant for the periods presented.

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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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