Page 26 - 2019 Annual Report
P. 26

NOTES TO FINANCIAL STATEMENTS (continued)

           Note C: Goodwill and Other Intangible Assets
           The following table shows the changes in goodwill by reportable segment and in total:

                                                                 Mid‐
                                                               America      Southeast      West
            December 31                                         Group          Group          Group          Total
            (in millions)                                                            2019
            Balance at beginning of period                     $   431.9     $   144.2     $   1,823.0     $   2,399.1
            Measurement period adjustments                           (1.0 )       (0.6 )         —           (1.6 )
            Goodwill allocated to assets held for sale                —           (0.2 )         —           (0.2 )
            Divestitures                                              —            —            (0.5 )       (0.5 )
            Balance at end of period                           $   430.9     $   143.4     $   1,822.5     $   2,396.8

                                                                                     2018
            Balance at beginning of period                     $   281.4     $    50.3     $   1,828.6     $   2,160.3
            Acquisitions                                           150.5          94.8           —          245.3
            Goodwill allocated to assets held for sale                —            —            (5.6 )       (5.6 )
            Divestitures                                              —           (0.9 )         —           (0.9 )
            Balance at end of period                           $   431.9     $   144.2     $   1,823.0     $   2,399.1

           Intangible assets subject to amortization consist of the following:

                                                                         Gross       Accumulated        Net
            December 31                                                 Amount          Amortization         Balance
            (in millions)                                                                2019
            Noncompetition agreements                                  $       6.3     $      (6.2 )   $      0.1
            Customer relationships                                            65.6           (30.4 )         35.2
            Operating permits                                                459.0           (42.3 )        416.7
            Use rights and other                                              16.7           (12.1 )          4.6
            Trade names                                                       12.8           (10.9 )          1.9
            Total                                                      $     560.4     $    (101.9 )   $    458.5

                                                                                         2018
            Noncompetition agreements                                  $       6.3     $      (6.2 )   $      0.1
            Customer relationships                                            65.6           (25.6 )         40.0
            Operating permits                                                459.0           (36.1 )        422.9
            Use rights and other                                              16.7           (11.2 )          5.5
            Trade names                                                       12.8            (9.7 )          3.1
            Total                                                      $     560.4     $     (88.8 )   $    471.6

























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