XML 39 R29.htm IDEA: XBRL DOCUMENT v3.22.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill by segment
The following table represents the changes in goodwill by segment:
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
Balance at December 31, 2021$84.9 $433.6 $300.9 $175.2 $994.6 
Foreign currency translation adjustments and other(2.0)(1.0)— — (3.0)
Purchase price adjustments (1)
— — (0.3)— (0.3)
Balance at March 31, 2022$82.9 $432.6 $300.6 $175.2 $991.3 
Accumulated goodwill impairment loss at December 31, 2021$23.5 $49.3 $35.8 $20.4 $129.0 
Impairment loss— — — — — 
Accumulated goodwill impairment loss at March 31, 2022$23.5 $49.3 $35.8 $20.4 $129.0 
_______________
(1)During the first quarter of 2022, we recorded a purchase price adjustment that decreased goodwill by $0.3 in Specialty Products related to the Earthly Labs, Inc., L.A. Turbine and AdEdge acquisitions. For further information regarding goodwill acquired and the purchase price adjustments during the period refer to 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):
 March 31, 2022December 31, 2021
 Weighted-average Estimated Useful LifeGross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships13 years$311.1 $(87.8)$312.1 $(82.2)
Unpatented technology13 years184.1 (33.4)184.6 (30.1)
Patents and other6 years6.0 (0.9)7.9 (2.3)
Trademarks and trade names14 years2.9 (1.7)3.5 (1.8)
Land use rights50 years11.4 (1.7)11.4 (1.6)
Total finite-lived intangible assets14 years515.5 (125.5)519.5 (118.0)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
154.7 — 154.6 — 
Total intangible assets$670.2 $(125.5)$674.1 $(118.0)
_______________
(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
(2)Accumulated indefinite-lived intangible assets impairment loss was $16.0 at both March 31, 2022 and December 31, 2021.
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, 2022December 31, 2021
 Weighted-average Estimated Useful LifeGross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships13 years$311.1 $(87.8)$312.1 $(82.2)
Unpatented technology13 years184.1 (33.4)184.6 (30.1)
Patents and other6 years6.0 (0.9)7.9 (2.3)
Trademarks and trade names14 years2.9 (1.7)3.5 (1.8)
Land use rights50 years11.4 (1.7)11.4 (1.6)
Total finite-lived intangible assets14 years515.5 (125.5)519.5 (118.0)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
154.7 — 154.6 — 
Total intangible assets$670.2 $(125.5)$674.1 $(118.0)
_______________
(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
(2)Accumulated indefinite-lived intangible assets impairment loss was $16.0 at both March 31, 2022 and December 31, 2021.
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,
2022$37.2 
202339.6 
202438.6 
202537.7 
202637.1 
Schedule of government grants
China Government Grants are presented in our unaudited condensed consolidated balance sheets as follows:
March 31,
2022
December 31,
2021
Current$0.5 $0.5 
Long-term7.0 7.0 
Total China Government Grants$7.5 $7.5