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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill 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) | — |  |  | — |  |  | 34.5 |  |  | — |  |  | 34.5 |
Foreign currency translation adjustments and other | (3.4) |  |  | (1.9) |  |  | 0.1 |  |  | — |  |  | (5.2) |
Purchase price adjustments (2) | — |  |  | — |  |  | 0.9 |  |  | — |  |  | 0.9 |
Balance at June 30, 2021 | $ | 89.8 |  |  | $ | 433.3 |  |  | $ | 207.9 |  |  | $ | 165.1 |  |  | $ | 896.1 |
_______________ (1)For further information regarding goodwill acquired and the purchase price adjustments during the period refer to Note 11, “Business Combinations.” (2)During the first six months of 2021, we recorded purchase price adjustments that decreased goodwill by $0.9 in Specialty Products related to the Blue-In-Green, LLC acquisition. Amounts included in accumulated goodwill impairment loss at both June 30, 2021 and December 31, 2020 were $129.0 ($23.5 - Cryo Tank Solutions, $49.3 - Heat Transfer Systems, $35.8 - Specialty Products, $20.4 - Repair, Service & Leasing). 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):
|  |  | June 30, 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 |  | $ | 311.6 |  |  | $ | (71.2) |  |  | $ | 302.5 |  |  | $ | (59.9) |
Unpatented technology | 12 years |  | 115.5 |  |  | (26.9) |  |  | 110.4 |  |  | (22.3) |
Patents and other | 6 years |  | 5.0 |  |  | (0.2) |  |  | 8.4 |  |  | (1.8) |
Trademarks and trade names | 13 years |  | 3.5 |  |  | (1.7) |  |  | 3.6 |  |  | (1.4) |
Land use rights | 50 years |  | 11.2 |  |  | (1.5) |  |  | 11.1 |  |  | (1.4) |
Total finite-lived intangible assets | 14 years |  | 446.8 |  |  | (101.5) |  |  | 436.0 |  |  | (86.8) |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  | 145.7 |  |  | — |  |  | 143.9 |  |  | — |
Total intangible assets |  |  | $ | 592.5 |  |  | $ | (101.5) |  |  | $ | 579.9 |  |  | $ | (86.8) |
_______________ (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 $9.6 and $14.0 for the three months ended June 30, 2021 and 2020, respectively, and $18.4 and $28.0 for the six months ended June 30, 2021 and 2020, respectively. We estimate amortization expense to be recognized during the next five years as follows:
For the Year Ending December 31, |
2021 | $ | 37.2 |
2022 | 36.1 |
2023 | 35.6 |
2024 | 35.2 |
2025 | 34.3 |
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 unaudited condensed 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 unaudited condensed consolidated balance sheets as follows:
| June 30, 2021 |  | December 31, 2020
Current | $ | 0.5 |  |  | $ | 0.5 |
Long-term | 7.3 |  |  | 7.3 |
Total China Government Grants | $ | 7.8 |  |  | $ | 7.8 |

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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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