XML 34 R20.htm IDEA: XBRL DOCUMENT
v3.22.4

Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets At December 31, 2022, the Company had $652.5 million of intangible assets in the ATM segment and $57.8 million in the FBS segment. At December 31, 2021, all of our intangible assets were in the ATM segment. The gross carrying amount and accumulated amortization for intangible assets consisted of the following (in millions):
| December 31, 2022
| Gross Carrying Amount |  | Accumulated Amortization |  |  |  |  |  | Net Carrying Amount
Amortized Intangible Assets |  |  |  |  |  |  |  |  |
Customer relationships | $ | 754.8 |  |  | $ | 159.4 |  |  |  |  |  |  | $ | 595.4 |
Developed technology | 71.2 |  |  | 26.5 |  |  |  |  |  |  | 44.7 |
Trade names | 35.8 |  |  | 4.4 |  |  |  |  |  |  | 31.4 |
Acquired technology | 23.5 |  |  | 1.6 |  |  |  |  |  |  | 21.9 |
Non-compete agreements | 2.9 |  |  | 2.7 |  |  |  |  |  |  | 0.2 |
Patents | 1.9 |  |  | 0.7 |  |  |  |  |  |  | 1.2 |
Total | $ | 890.1 |  |  | $ | 195.3 |  |  |  |  |  |  | $ | 694.8 |
Unamortized Intangible Assets
Trade names(1) | $ | 15.5 |  |  | $ | — |  |  |  |  |  |  | $ | 15.5 |
(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 technology | 74.6 |  |  | 20.7 |  |  |  |  |  |  | 53.9 |
Trade names | 18.9 |  |  | 2.7 |  |  |  |  |  |  | 16.2 |
Non-compete agreements | 2.9 |  |  | 2.5 |  |  |  |  |  |  | 0.4 |
Patents | 1.5 |  |  | 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 $53.4 million, $39.7 million and $24.6 million for the years ended December 31, 2022, 2021 and 2020, respectively. Finite-lived intangibles in the ATM segment are expensed using the straight-line amortization method. The following table shows the estimated aggregate amortization expense as of December 31, 2022 (in millions):
2023 | $ | 63.5 |
2024 | 63.2 |
2025 | 62.4 |
2026 | 62.4 |
2027 | 62.4 |

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 The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration