Goodwill and Intangibles

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

The following table provides information related to the goodwill and intangible assets as of March 31, 2026 and December 31, 2025 (in millions):


	March 31,		December 31,
	2026		2025
Goodwill	$	40.6	$	40.6
Definite-lived intangibles	22.2		23.0
Indefinite-lived intangibles	0.7		0.7
Balance	$	63.5	$	64.3

The following table summarizes information related to the Company's definite-lived intangible assets as of March 31, 2026 (in millions):


	Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Useful Life
Client lists	10 yrs	$	26.8	$	9.0	$	17.8	7.2
Trademarks	10 yrs	6.2		1.8		4.4		7.1
Total		$	33.0	$	10.8	$	22.2	7.1

The following table summarizes information related to the Company's definite-lived intangible assets as of December 31, 2025 (in millions):


	Amortization Period (Years)	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Weighted Average Useful Life
Client lists	10 yrs	$	26.8	$	8.4	$	18.4	7.4
Trademarks	10 yrs	6.2		1.6		4.6		7.4
Total		$	33.0	$	10.0	$	23.0	7.4

In the first quarter of 2026, the Company recorded $0.8 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):


2026 remainder	$	2.3
2027	3.1
2028	3.1
2029	3.1
2030	3.1
Thereafter	$	7.5
Total	$	22.2