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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 7. Goodwill and Intangible Assets Goodwill The following table sets forth the changes in the carrying amount of goodwill (in millions):
Balance at December 31, 2022 |  | $ | 457.6 |
Current period additions/adjustments |  |  | 105.0 |
Foreign currency effect |  |  | (1.5 | )
Balance at September 30, 2023 |  | $ | 561.1 |
Intangible Assets The following is a summary of intangible assets (in millions):
|  | September 30, 2023 |  |  | December 31, 2022 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Existing technology and related patents |  | $ | 381.7 |  |  | $ | (235.5 | ) |  | $ | 146.2 |  |  | $ | 354.7 |  |  | $ | (219.0 | ) |  | $ | 135.7 |
Customer relationships |  |  | 212.6 |  |  |  | (85.8 | ) |  |  | 126.8 |  |  |  | 192.3 |  |  |  | (72.1 | ) |  |  | 120.2 |
Trade names |  |  | 27.4 |  |  |  | (9.0 | ) |  |  | 18.4 |  |  |  | 22.3 |  |  |  | (7.4 | ) |  |  | 14.9 |
Other |  |  | 2.0 |  |  |  | (1.5 | ) |  |  | 0.5 |  |  |  | 1.0 |  |  |  | (0.9 | ) |  |  | 0.1 |
Intangible assets |  | $ | 623.7 |  |  | $ | (331.8 | ) |  | $ | 291.9 |  |  | $ | 570.3 |  |  | $ | (299.4 | ) |  | $ | 270.9 |
For the three months ended September 30, 2023, and 2022, the Company recorded amortization expense of $11.5 million and $8.9 million, respectively, related to intangible assets subject to amortization. For the nine months ended September 30, 2023, and 2022, the Company recorded amortization expense of $33.4 million and $27.5 million, respectively, related to intangible assets subject to amortization. On a quarterly basis, the Company reviews its goodwill and intangible assets to determine if there have been any triggering events that could indicate an impairment. In connection with certain restructuring activities in the third quarter of 2023, the Company performed impairment assessments of its long-lived assets comparing the carrying values to the sum of their undiscounted future cash flows. The Company also performed an impairment test of the goodwill related to the Software Reporting Unit. Based on the results of these analyses, the Company determined there were no impairments to its long-lived assets, including its intangibles assets and goodwill. There were no events noted for the nine months ended September 30, 2022 that could indicate an impairment of goodwill and intangible assets.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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