v3.25.4
Intangible Assets and Goodwill (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill

The following tables present certain information regarding our intangible assets. Amortizable intangible assets are being amortized on a straight-line basis over their estimated useful lives of eighteen months to thirteen years with no estimated residual values, which materially approximates the expected pattern of use.

 

    December 31, 2025     December 31, 2024  
    (in millions)  
Trademarks   $ 21.8     $ 21.1  
Customer relationships     31.3       28.9  
Intellectual property licenses     7.4       6.1  
Intangible assets, gross     60.5       56.1  
Less: accumulated amortization     (46.5 )     (40.0 )
Intangible assets, net   $ 14.0     $ 16.1  
Schedule of Estimated Intangible Assets Amortization Expense

The estimated intangible asset amortization expense for the years ending December 31 is as follows:

 

Year ending December 31, (in millions)        
2026     $ 3.0  
2027       2.7  
2028       1.6  
2029       1.2  
2030       1.0  
Thereafter       4.5  
Total     $ 14.0  
Schedule of Goodwill

Goodwill is summarized as follows:

 

    December 31, 2025     December 31, 2024  
    (in millions)  
Balance at beginning of period, gross   $ 78.3     $ 79.3  
Accumulated goodwill impairment losses, recognized year ended December 31, 2020     (20.5 )     (20.5 )
Balance at beginning of period, net     57.8       58.8  
Foreign currency translation adjustments     4.3       (1.0 ) 
Ending balance, net   $ 62.1     $ 57.8