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Goodwill
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. The changes in the carrying amounts of goodwill were as follows:

Balance at December 31, 2023
$402.2 
Acquisitions(1)
40.9 
Effect of foreign currency translation(0.3)
Balance at December 31, 2024
$442.8 
(1) The Company completed two acquisitions of private companies during the year ended December 31, 2024.
Goodwill amounts are not amortized, but tested for impairment on an annual basis. There was no impairment of goodwill as of December 31, 2024, 2023 and 2022.