v3.26.1
Intangible Assets
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets Intangible Assets
Identifiable intangible assets consist of the following.
GrossAccumulated
Amortization		Net Book
Value
As of June 30, 2026:
Customer relationships$81.7 $(18.0)$63.7 
Trademarks8.0 (2.9)5.1 
Covenant not to compete0.5 (0.1)0.4 
Software & patents0.1 (0.1)— 
Total identifiable intangibles$90.3 $(21.1)$69.2 
As of December 31, 2025:
Customer relationships$66.0 $(12.5)$53.5 
Trademarks8.0 (2.1)5.9 
Covenant not to compete0.5 (0.1)0.4 
Software & patents0.1 (0.1)— 
Total identifiable intangibles$74.6 $(14.8)$59.8 
In connection with the Genco Acquisition, the Company recognized a customer relationship intangible asset of $15.7 million at fair value. This intangible is amortized over an estimated useful life of five years based on the expected pattern of future cash flows associated with the asset. See Note 4. “Genco Acquisition” for additional information.
Amortization expense on intangible assets was $3.5 million and $2.9 million for the three months ended June 30, 2026 and 2025, respectively, and $6.3 million for each of the six months ended June 30, 2026 and 2025.

As of June 30, 2026, estimated annual amortization expense is as follows:
Year Ending December 31,Estimated Amortization Expense
2026 (remainder of)$7.1 
202715.4 
202815.0 
20299.3 
20306.3 
Thereafter16.1 
Total estimated amortization expense$69.2