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GOODWILL AND INTANGIBLE ASSETS, NET (Tables) | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of changes in goodwill by business segment | An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
| AWP |  | MP |  | Total
Balance at December 31, 2019, gross | $ | 139.3 |  |  | $ | 192.4 |  |  | $ | 331.7 |
Accumulated impairment | (38.6) |  |  | (23.2) |  |  | (61.8) |
Balance at December 31, 2019, net | 100.7 |  |  | 169.2 |  |  | 269.9 |
Foreign exchange effect and other | 1.3 |  |  | 4.2 |  |  | 5.5 |
Balance at December 31, 2020, gross | 140.6 |  |  | 196.6 |  |  | 337.2 |
Accumulated impairment | (38.6) |  |  | (23.2) |  |  | (61.8) |
Balance at December 31, 2020, net | 102.0 |  |  | 173.4 |  |  | 275.4 |
Acquisitions | — |  |  | 7.3 |  |  | 7.3 |
Foreign exchange effect and other | (0.9) |  |  | (1.7) |  |  | (2.6) |
Balance at December 31, 2021, gross | 139.7 |  |  | 202.2 |  |  | 341.9 |
Accumulated impairment | (38.6) |  |  | (23.2) |  |  | (61.8) |
Balance at December 31, 2021, net | $ | 101.1 |  |  | $ | 179.0 |  |  | $ | 280.1 |
Schedule of intangible assets by class | Intangible assets, net were comprised of the following (in millions):
|  |  | December 31, 2021 |  | December 31, 2020
| Weighted Average Life (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Definite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Technology | 7 |  | $ | 9.8 |  |  | $ | (9.7) |  |  | $ | 0.1 |  |  | $ | 10.1 |  |  | $ | (9.6) |  |  | $ | 0.5 |
Customer Relationships | 19 |  | 31.9 |  |  | (25.4) |  |  | 6.5 |  |  | 26.1 |  |  | (24.1) |  |  | 2.0 |
Land Use Rights | 80 |  | 4.4 |  |  | (0.8) |  |  | 3.6 |  |  | 4.4 |  |  | (0.7) |  |  | 3.7 |
Other | 8 |  | 26.3 |  |  | (23.1) |  |  | 3.2 |  |  | 25.5 |  |  | (23.4) |  |  | 2.1 |
Total definite-lived intangible assets |  |  | $ | 72.4 |  |  | $ | (59.0) |  |  | $ | 13.4 |  |  | $ | 66.1 |  |  | $ | (57.8) |  |  | $ | 8.3 |
In connection with the MDS acquisition, the Company recognized customer relationships of $6.3 million with an estimated useful life of 7 years and trademarks of $1.3 million with an estimated useful life of 10 years during the year. See Note D – “Acquisitions and Discontinued Operations” for additional information regarding the MDS acquisition.
Finite-lived Intangible Assets Amortization Expense |
| For the Year Ended December 31,
(in millions) | 2021 |  | 2020 |  | 2019
Aggregate Amortization Expense | $ | 2.2 |  |  | $ | 1.8 |  |  | $ | 1.8 |
Schedule of intangible assets amortization expense | Estimated aggregate intangible asset amortization expense for each of the next five years is as follows (in millions):
2022 |  | $ | 2.3 |
2023 |  | 1.7 |
2024 |  | 1.5 |
2025 |  | 1.4 |
2026 |  | 1.3 |

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