Goodwill and Intangibles, Net

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

8. Goodwill and Intangibles, Net

Goodwill

The carrying amounts of goodwill by segment were as follows (in millions):


	Infrastructure		Spectrum		Total



Balance as of December 31, 2024	$	105.3	$	21.4	$	126.7





Balance as of March 31, 2025	$	105.3	$	21.4	$	126.7

Indefinite-lived Intangible Assets

The carrying amounts of indefinite-lived intangible assets were as follows (in millions):


	March 31, 2025		December 31, 2024

FCC licenses	$	107.7	$	107.7

Total	$	107.7	$	107.7

Definite Lived Intangible Assets

The gross carrying amounts and accumulated amortization of definite lived intangible assets by major intangible asset class were as follows (in millions):


	Weighted-Average Original Useful Life	March 31, 2025
		Gross Carrying Amount		Accumulated Amortization			Net
Trade names	15 years	$	25.1		$	(11.4)	$	13.7
Customer relationships and contracts	11 years	87.4			(50.4)		37.0
Channel sharing arrangements	35 years	12.6			(2.3)		10.3
Other	10 years	3.7			(2.0)		1.7
Total		$	128.8		$	(66.1)	$	62.7


	Weighted-Average Original Useful Life	December 31, 2024
		Gross Carrying Amount		Accumulated Amortization			Net
Trade names	15 years	$	25.1		$	(11.0)	$	14.1
Customer relationships and contracts	11 years	87.4			(49.1)		38.3
Channel sharing arrangements	35 years	12.6			(2.2)		10.4
Other	10 years	3.9			(2.0)		1.9
Total		$	129.0		$	(64.3)	$	64.7

Amortization expense for definite lived intangible assets was $2.0 million and $1.9 million for the three months ended March 31, 2025 and 2024, respectively. Amortization expense is included in Depreciation and amortization in the Condensed Consolidated Statements of Operations.