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Note 7 - Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2022
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
7. | Goodwill and Intangible Assets
The changes in the carrying amount of goodwill for the three months ended March 31, 2022 were as follows:
|  |  |  |  |  | Accumulated |  |  |  |  |
|  |  |  |  |  | Impairment |  |  |  |  |
|  | Goodwill |  |  | Losses |  |  | Total |
Balance as of December 31, 2021 |  | $ | 233.9 |  |  | $ | (40.8 | ) |  | $ | 193.1 |
Foreign currency fluctuations |  |  | (4.3 | ) |  |  | 1.2 |  |  |  | (3.1 | )
Balance as of March 31, 2022 |  | $ | 229.6 |  |  | $ | (39.6 | ) |  | $ | 190.0 |
The balances of acquired intangible assets, excluding goodwill, were as follows:
|  | Customer Lists |  |  | Trade Names |  |  | Technology |  |  | Total |
Balance as of March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Original cost |  | $ | 152.2 |  |  | $ | 29.6 |  |  | $ | 16.8 |  |  | $ | 198.6 |
Accumulated amortization |  |  | (81.7 | ) |  |  | (14.3 | ) |  |  | (11.0 | ) |  |  | (107.0 | )
Carrying value |  | $ | 70.5 |  |  | $ | 15.3 |  |  | $ | 5.8 |  |  | $ | 91.6 |
Weighted average original life (in years) |  |  | 15 |  |  |  | 10 |  |  |  | 11 |  |  |  |  |
Balance as of December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Original cost |  | $ | 155.4 |  |  | $ | 30.3 |  |  | $ | 17.0 |  |  | $ | 202.7 |
Accumulated amortization |  |  | (80.0 | ) |  |  | (13.9 | ) |  |  | (10.8 | ) |  |  | (104.7 | )
Carrying value |  | $ | 75.4 |  |  | $ | 16.4 |  |  | $ | 6.2 |  |  | $ | 98.0 |
Weighted average original life (in years) |  |  | 15 |  |  |  | 11 |  |  |  | 11 |  |  |  |  |
Amortization expense on intangible assets for the three months ended March 31, 2022 and 2021 was $4.5 million and $5.3 million, respectively. Estimated aggregate amortization expense based on the current carrying value of amortizable intangible assets for each of the five succeeding years and thereafter is as follows:
Remaining 2022 |  | $ | 12.2 |
2023 |  |  | 15.0 |
2024 |  |  | 13.6 |
2025 |  |  | 12.2 |
2026 |  |  | 10.9 |
Thereafter |  |  | 27.7 |
Total |  | $ | 91.6 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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