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Intangible Assets
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
At September 30, 2022, the Company had $615.0 million of intangible assets in its ATM segment and $46.2 million in its FBS segment. The gross carrying amount and accumulated amortization for intangible assets consisted of the following (in millions):
 September 30, 2022
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Amortized Intangible Assets
Customer relationships$692.9 $142.9 $550.0 
Developed technology70.1 24.2 45.9 
Trade names31.8 3.7 28.1 
Acquired technology21.5 0.7 20.8 
Non-compete agreements2.9 2.7 0.2 
Patents1.9 0.7 1.2 
Total$821.1 $174.9 $646.2 
Unamortized Intangible Assets
Trade names(1)
$15.0 $— $15.0 
(1) During the first quarter of 2022, indefinite-lived trade names and developed technology with net carrying amounts of $4.2 million and $0.5 million were allocated to the disposal group classified as held for sale and subsequently impaired.
 December 31, 2021
 Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Amortized Intangible Assets
Customer relationships
$541.7 $119.2 $422.5 
Developed technology74.6 20.7 53.9 
Trade names18.9 2.7 16.2 
Non-compete agreements2.9 2.5 0.4 
Patents1.5 0.6 0.9 
Total$639.6 $145.7 $493.9 
Unamortized Intangible Assets
Trade names
$20.0 $— $20.0 
Amortization expense of intangible assets was $14.8 million and $11.2 million for the three months ended September 30, 2022 and 2021, respectively, and $37.0 million and $28.4 million for the nine months ended September 30, 2022 and 2021, respectively. Finite-lived intangibles in the ATM segment are expensed using the straight-line amortization method. The estimated average aggregate amortization expense is $60.2 million in each of the next five years.