XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.24.3

Goodwill and Intangibles (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets, Goodwill and Other Assets | The following table provides information related to the goodwill and intangible assets as of September 30, 2024 and December 31, 2023 (in millions):
| September 30, |  | December 31,
| 2024 |  | 2023
Goodwill | $ | 39.6 |  |  | $ | 40.0 |
Definite-lived intangibles | 26.2 |  |  | 28.6 |
Indefinite-lived intangibles | 0.7 |  |  | 0.7 |
Balance | $ | 66.5 |  |  | $ | 69.3 |
Schedule of Finite-Lived Intangible Assets | The following table summarizes information related to the Company's definite-lived intangible assets as of September 30, 2024 (in millions):
| Amortization Period (Years) | Gross Carrying Amount | Accumulated Amortization | Net Book Value | Weighted Average Useful Life
Client lists | 10 yrs | $ | 26.1 |  | $ | 5.2 |  | $ | 20.9 |  | 8.6
Trademarks | 10 yrs | 6.2 |  | 0.9 |  | 5.3 |  | 8.6
Total |  | $ | 32.3 |  | $ | 6.1 |  | $ | 26.2 |  | 8.6
The following table summarizes information related to the Company's definite-lived intangible assets as of December 31, 2023 (in millions):
| Amortization Period (Years) | Gross Carrying Amount | Accumulated Amortization | Net Book Value | Weighted Average Useful Life
Client lists | 10 yrs | $ | 26.1 |  | $ | 3.3 |  | $ | 22.8 |  | 9.3
Trademarks | 10 yrs | 6.2 |  | 0.4 |  | 5.8 |  | 9.4
Total |  | $ | 32.3 |  | $ | 3.7 |  | $ | 28.6 |  | 9.3
Schedule of Future Amortization Expense of Intangible Assets | In the third quarter of 2024, the Company recorded $0.8 million of intangible amortization expense related to the May 2023 Indoff acquisition. For the nine months ended September 30, 2024, the Company recorded $2.4 million of intangible amortization expense, of which $2.3 million related to the prior year's acquisition of Indoff. The estimated amortization for future years ending December 31 is as follows (in millions):
2024 remainder | $ | 0.8 |
2025 | 3.0 |
2026 | 3.0 |
2027 | 3.0 |
2028 | 3.0 |
Thereafter | $ | 13.4 |
Total | $ | 26.2 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration