Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The Company performed its annual goodwill impairment test and determined that no impairment existed for the years ended December 31, 2017 and 2016.

The following summarizes the Company's goodwill (in millions):



	Year Ended December 31,
	2017			2016
Balance at the beginning and end of the period:
Goodwill	$	765.9		$	765.9
Accumulated impairment losses	(674.9		)	(674.9		)
	$	91.0		$	91.0

Intangible Assets

The Company performed its annual impairment test of indefinite-lived intangible assets and determined that no impairment existed for the years ended December 31, 2017 and 2016. The Company also reviewed its finite-lived intangible assets for impairment and determined that certain assets were impaired during the year ended December 31, 2017 as further discussed in Note 6, "Impairment." There were no impairment charges for the year ended December 31, 2016.

Intangible assets, net, consisted of the following major classes (in millions):



	December 31, 2017
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value
Finite-lived intangible assets:
Customer-related	$	14.8	$	(9.4	)	$	5.4
Internally developed software^(a)	19.3		(6.8		)	12.5
Total	34.1		(16.2		)	17.9
Indefinite-lived intangible assets:
Trade name	266.0		—			266.0
Total intangible assets, net	$	300.1	$	(16.2	)	$	283.9


(a)	Includes capitalized costs of $5.4 million yet to be placed into service.



	December 31, 2016
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value
Finite-lived intangible assets:
Customer-related	$	14.8	$	(7.7	)	$	7.1
Other^(a)	34.8		(4.0		)	30.8
Total	49.6		(11.7		)	37.9
Indefinite-lived intangible assets:
Trade name	266.0		—			266.0
Total intangible assets, net	$	315.6	$	(11.7	)	$	303.9


(a)	Other amortizable intangible assets primarily consisted of internally developed software of which $26.0 million had yet to be placed into service, most of which was impaired during 2017.

Amortization of intangible assets for the years ended December 31, 2017, 2016 and 2015 was approximately $4.7 million, $5.1 million and $37.6 million, respectively. Based on the amortizable assets in-service as of December 31, 2017, the Company expects amortization expense to be approximately $4.1 million in 2018, $3.2 million in 2019, $2.9 million in 2020, $2.0 million in 2021 and $0.3 million in 2022.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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