Intangible assets originated from the Company’s reorganization and application of fresh start accounting as of the date the Company emerged from bankruptcy, September 30, 2014. The intangible asset related to the LEU segment backlog is amortized as the backlog, existing at emergence, is reduced, as a result of deliveries to customers. The intangible asset related to customer relationships is amortized using the straight-line method over the estimated average useful life of 15 years. Amortization expense is presented below gross profit on the Condensed Consolidated Statements of Operations and Comprehensive Income. Intangible asset balances are as follows (in millions):


	March 31, 2026						December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Amount		Gross Carrying Amount		Accumulated Amortization		Net Amount
Backlog	$	54.6	$	51.3	$	3.3	$	54.6	$	50.6	$	4.0
Customer relationships	68.9		52.8		16.1		68.9		51.7		17.2
Total	$	123.5	$	104.1	$	19.4	$	123.5	$	102.3	$	21.2