Goodwill and Intangibles

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The following table provides information related to the goodwill and intangible assets as of June 30, 2025 and December 31, 2024 (in millions):


	June 30,		December 31,
	2025		2024
Goodwill	$	40.6	$	39.6
Definite-lived intangibles	24.6		25.4
Indefinite-lived intangibles	0.7		0.7
Balance	$	65.9	$	65.7

The following table summarizes information related to the Company's definite-lived intangible assets as of June 30, 2025 (in millions):


	Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Useful Life
Client lists	10 yrs	$	26.8	$	7.1	$	19.7	7.9
Trademarks	10 yrs	6.2		1.3		4.9		7.9
Total		$	33.0	$	8.4	$	24.6	7.9

The following table summarizes information related to the Company's definite-lived intangible assets as of December 31, 2024 (in millions):


	Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Useful Life
Client lists	10 yrs	$	26.1	$	5.9	$	20.2	8.4
Trademarks	10 yrs	6.2		1.0		5.2		8.4
Total		$	32.3	$	6.9	$	25.4	8.4

In the six months ended June 30, 2025, the Company recorded $1.5 million of intangible amortization expense, primarily related to the May 2023 acquisition of Indoff. The estimated amortization for future years ending December 31 is as follows (in millions):


2025 remainder	$	1.6
2026	3.1
2027	3.1
2028	3.1
2029	3.1
Thereafter	$	10.6
Total	$	24.6