Depreciation and Amortization

9 Months Ended

Sep. 30, 2024

Property, Plant and Equipment [Abstract]

Amounts charged to expense in the Company’s unaudited Condensed Consolidated Statements of Operations for depreciation and amortization were as follows:


	Amortization						Depreciation
	Residual Commission Buyouts		Other Intangible Assets		Capitalized Customer Acquisition Costs		Equipment Under Lease		Property, Plant and Equipment		Total
Three Months Ended September 30, 2024
Depreciation and amortization expense	$	21.8	$	13.0	$	—	$	14.1	$	2.7	$	51.6
Cost of sales	—		18.5		6.6		—		0.6		25.7
Total depreciation and amortization (a)	$	21.8	$	31.5	$	6.6	$	14.1	$	3.3	$	77.3

Three Months Ended September 30, 2023
Depreciation and amortization expense	$	23.0	$	5.6	$	—	$	9.3	$	2.1	$	40.0
Cost of sales	—		10.0		4.9		—		0.2		15.1
Total depreciation and amortization (b)	$	23.0	$	15.6	$	4.9	$	9.3	$	2.3	$	55.1

Nine Months Ended September 30, 2024
Depreciation and amortization expense	$	65.3	$	31.0	$	—	$	39.0	$	7.8	$	143.1
Cost of sales	—		50.8		18.4		—		0.8		70.0
Total depreciation and amortization (c)	$	65.3	$	81.8	$	18.4	$	39.0	$	8.6	$	213.1

Nine Months Ended September 30, 2023
Depreciation and amortization expense	$	65.3	$	16.3	$	—	$	24.7	$	4.9	$	111.2
Cost of sales	—		27.5		13.4		—		0.6		41.5
Total depreciation and amortization (d)	$	65.3	$	43.8	$	13.4	$	24.7	$	5.5	$	152.7

(a) Total amortization of $59.9 million consisted of amortization of acquired intangibles of $43.5 million and amortization of non-acquired intangibles of $16.4 million.

(b) Total amortization of $43.5 million consisted of amortization of acquired intangibles of $32.1 million and amortization of non-acquired intangibles of $11.4 million.

(c) Total amortization of $165.5 million consisted of amortization of acquired intangibles of $120.3 million and amortization of non-acquired intangibles of $45.2 million.

(d) Total amortization of $122.5 million consisted of amortization of acquired intangibles of $91.8 million and amortization of non-acquired intangibles of $30.7 million.

As of September 30, 2024, the estimated amortization expense for each of the five succeeding years and thereafter is as follows:


	Residual Commission Buyouts		Other Intangible Assets		Capitalized Customer Acquisition Costs		Total Amortization
2024 (remaining three months)	$	21.8	$	32.8	$	6.8	$	61.4
2025	85.6		120.6		24.0		230.2
2026	51.5		102.0		18.0		171.5
2027	3.1		78.1		11.5		92.7
2028	2.0		58.1		3.0		63.1
Thereafter	3.3		280.5		—		283.8
Total	$	167.3	$	672.1	$	63.3	$	902.7