Company: ASGN
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000890564-25-000008
Chunk: 76

Company: ASGN Inc
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 76
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Accumulated AmortizationNet Carrying AmountSubject to amortization:     Customer and contractual relationships7 - 13$405.3 $245.0 $160.3 $496.0 $282.0 $214.0 Non-compete agreements2 - 721.4 14.7 6.7 29.3 18.2 11.1   426.7 259.7 167.0 525.3 300.2 225.1 Not subject to amortization:     Trademarks272.8 — 272.8 272.8 — 272.8  $699.5 $259.7 $439.8 $798.1 $300.2 $497.9 The Company removed gross and accumulated amortization balances related to intangible assets that are fully amortized as of  December 31, 2024 and 2023.Estimated future amortization expense is as follows (in millions):2025$50.8 202643.8 202733.4 202817.9 202913.1 Thereafter8.0 $167.0 

7. Property and Equipment

Net property and equipment consisted of the following (in millions):December 31, 20242023Computer hardware and software$198.2 $180.5 Furniture, fixtures and equipment36.0 29.6 Leasehold improvements25.8 27.0 Work-in-progress13.3 6.5  273.3 243.6 Accumulated depreciation(190.7)(162.2)$82.6 $81.4 

30

The Company has capitalized costs related to its various technology initiatives. At December 31, 2024, the net book value of computer software was $49.0 million, which included work-in-progress of $12.7 million. At December 31, 2023, the net book value of computer software was $44.5 million, which included work-in-progress of $4.7 million.The following table summarizes the presentation of depreciation expense within the accompanying consolidated statements of operations and comprehensive income (in millions). Year Ended December 31, 202420232022SG&A expenses$30.5 $26.5 $25.3 Costs of services2.0 1.