Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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Intangible Assets
6 Months Ended
Jun. 30, 2017
Intangible Assets
5. Intangible Assets

Intangible assets consisted of the following:

 

     June 30, 2017      December 31, 2016  
     Gross
Cost
     Accumulated
Amortization
    Net Carrying
Amount
     Gross
Cost
     Accumulated
Amortization
    Net Carrying
Amount
 

Customer relationships and product supply agreements

   $ 35.2      $ (9.8   $ 25.4      $ 35.0      $ (7.9   $ 27.1  

Trademarks/Trade Names

     17.6        (4.0     13.6        17.6        (3.4     14.2  

Technology

     2.0        (0.6     1.4        2.0        (0.6     1.4  

Non-compete agreement

     1.4        (0.9     0.5        1.4        (0.7     0.7  

Customer contracts and backlog

     3.3        (3.2     0.1        3.3        (3.1     0.2  

Other

     0.6        (0.4     0.2        0.6        (0.4     0.2  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

Intangible assets, net

   $ 60.1      $ (18.9   $ 41.2      $ 59.9      $ (16.1   $ 43.8  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

   

 

 

 

 

Amortization expense related to intangible assets, which was recorded in “Amortization and depreciation” on the unaudited Condensed Consolidated Statements of Operations, was $1.4 million and $1.3 million for the three months ended June 30, 2017 and 2016, respectively, and $2.8 million and $2.4 million for the six months ended June 30, 2017 and 2016, respectively.