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Intangible Assets, Net
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
The Company had $593.6 million and $37.7 million of intangible assets in the ATM segment and FBS segment, respectively, as of December 31, 2023 and $652.5 million and $57.8 million in the ATM segment and FBS segment, respectively, as of December 31, 2022. The gross carrying amount and accumulated amortization for intangible assets consisted of the following (in millions):

December 31, 2023

Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Amortized Intangible Assets
Customer relationships$743.8 $209.4 $534.4 
Developed technology71.8 34.1 37.7 
Trade names32.7 6.4 26.3 
Acquired technology20.8 4.5 16.3 
Non-compete agreements2.9 2.8 0.1 
Patents1.9 0.9 1.0 
   Total(1)(2)
$873.9 $258.1 $615.8 
Unamortized Intangible Assets
Trade names
$15.5 $— $15.5 
(1) Includes a decrease of $26.0 million related to measurement period adjustments for the Merger
recognized during the year ended December 31, 2023.
(2) Includes $0.7 million intangible asset impairment for the year ended 2023.


December 31, 2022

Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Amortized Intangible Assets
Customer relationships$754.8 $159.4 $595.4 
Developed technology71.2 26.5 44.7 
Trade Names
35.8 4.4 31.4 
Acquired Technology
23.5 1.6 21.9 
Non-compete agreements2.9 2.7 0.2 
Patents1.9 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.

Amortization expense of intangible assets was $61.0 million, $53.4 million, and $39.7 million for the years ended December 31, 2023, 2022 and 2021, 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, 2023 (in millions):

2024
$61.6 
2025$60.8 
2026$60.7 
2027$60.7 
2028$56.1