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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill by segment | The following table represents the changes in goodwill by segment:
| Cryo Tank Solutions |  | Heat Transfer Systems |  | Specialty Products |  | Repair, Service & Leasing |  | Consolidated |  |  |  |  |  |  |  |
Balance at December 31, 2020 | $ | 93.2 |  |  | $ | 435.2 |  |  | $ | 172.4 |  |  | $ | 165.1 |  |  | $ | 865.9 |  |  |  |  |  |  |  |  |
Goodwill acquired during the period (1) | — |  |  | — |  |  | 52.1 |  |  | — |  |  | 52.1 |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (4.8) |  |  | (2.6) |  |  | — |  |  | — |  |  | (7.4) |  |  |  |  |  |  |  |  |
Purchase price adjustment (1) | — |  |  | — |  |  | 0.7 |  |  | — |  |  | 0.7 |  |  |  |  |  |  |  |  |
Balance at March 31, 2021 | $ | 88.4 |  |  | $ | 432.6 |  |  | $ | 225.2 |  |  | $ | 165.1 |  |  | $ | 911.3 |  |  |  |  |  |  |  |  |
_______________ (1)During the first quarter of 2021, we recorded a purchase price adjustment that increased goodwill by $0.7 in Specialty Products related to the Cryogenic Gas Technologies, Inc. acquisition. For further information regarding goodwill acquired and the purchase price adjustment during the period refer to Note 11, “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):
|  |  | March 31, 2021 |  | December 31, 2020
| Weighted-average Estimated Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Customer relationships | 13 years |  | $ | 300.2 |  |  | $ | (65.0) |  |  | $ | 302.5 |  |  | $ | (59.9) |
Unpatented technology | 12 years |  | 110.8 |  |  | (24.2) |  |  | 110.4 |  |  | (22.3) |
Patents and other | 6 years |  | 5.6 |  |  | (0.4) |  |  | 8.4 |  |  | (1.8) |
Trademarks and trade names | 11 years |  | 3.3 |  |  | (1.6) |  |  | 3.6 |  |  | (1.4) |
Land use rights | 50 years |  | 11.0 |  |  | (1.4) |  |  | 11.1 |  |  | (1.4) |
Total finite-lived intangible assets | 13 years |  | 430.9 |  |  | (92.6) |  |  | 436.0 |  |  | (86.8) |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  | 143.1 |  |  | — |  |  | 143.9 |  |  | — |
Total intangible assets |  |  | $ | 574.0 |  |  | $ | (92.6) |  |  | $ | 579.9 |  |  | $ | (86.8) |
_______________ (1)Amounts include the impact of foreign currency translation. Fully amortized or impaired 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):
|  |  | March 31, 2021 |  | December 31, 2020
| Weighted-average Estimated Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |
Customer relationships | 13 years |  | $ | 300.2 |  |  | $ | (65.0) |  |  | $ | 302.5 |  |  | $ | (59.9) |
Unpatented technology | 12 years |  | 110.8 |  |  | (24.2) |  |  | 110.4 |  |  | (22.3) |
Patents and other | 6 years |  | 5.6 |  |  | (0.4) |  |  | 8.4 |  |  | (1.8) |
Trademarks and trade names | 11 years |  | 3.3 |  |  | (1.6) |  |  | 3.6 |  |  | (1.4) |
Land use rights | 50 years |  | 11.0 |  |  | (1.4) |  |  | 11.1 |  |  | (1.4) |
Total finite-lived intangible assets | 13 years |  | 430.9 |  |  | (92.6) |  |  | 436.0 |  |  | (86.8) |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  | 143.1 |  |  | — |  |  | 143.9 |  |  | — |
Total intangible assets |  |  | $ | 574.0 |  |  | $ | (92.6) |  |  | $ | 579.9 |  |  | $ | (86.8) |
_______________ (1)Amounts include the impact of foreign currency translation. Fully amortized or impaired 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, |
2021 | $ | 35.7 |
2022 | 34.6 |
2023 | 34.4 |
2024 | 34.1 |
2025 | 33.2 |
Schedule of government grants | China Government Grants are presented in our unaudited condensed consolidated balance sheets as follows:
| March 31, 2021 |  | December 31, 2020
Current | $ | 0.5 |  |  | $ | 0.5 |
Long-term | 7.1 |  |  | 7.3 |
Total China Government Grants | $ | 7.6 |  |  | $ | 7.8 |

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