Company: ASGN
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0000890564-25-000008
Chunk: 75

Company: ASGN Inc
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 75
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$19.0$36.3$15.6 Future maturities of operating lease liabilities are as follows (in millions): 2025$22.5 202619.3 202714.0 20289.6 20295.9 Thereafter2.7 Total future minimum lease payments 74.0 Less: imputed interest 7.6 $66.4 

5. Acquisitions

During 2022, the Company increased its investment in IT consulting through the acquisition of two businesses for a total aggregate purchase price of $483.0 million. On July 6, 2022, the Company acquired GlideFast Consulting ("GlideFast") for $350.0 million in cash. GlideFast is part of the Commercial Segment. The preliminary fair value of the identifiable intangible assets related to this acquisition totaled $102.8 million, including a trademark of $30.2 million which has an indefinite life, and the remaining intangible assets have a weighted-average useful life of six years. On October 3, 2022, the Company acquired Iron Vine Security, which is included in the Federal Government Segment.

None of the acquisitions were material individually or in the aggregate; therefore, we did not present any pro forma results for these acquisitions. 

29

6. Goodwill and Identifiable Intangible Assets

The following table summarizes the activity related to the carrying amount of goodwill by reportable segment since December 31, 2022 (in millions).  See Note 14. Segment Reporting for more information on the Company's reportable segments.CommercialFederal GovernmentTotalBalance as of December 31, 2022$1,074.7 $817.2 $1,891.9 Purchase price adjustment— 1.1 1.1 Translation adjustment1.1 — 1.1 Balance as of December 31, 20231,075.8 818.3 1,894.1 Translation adjustment(1.0)— (1.0)Balance as of December 31, 2024$1,074.8 $818.3 $1,893.1 Acquired intangible assets consisted of the following (in millions):  December 31, 2024December 31, 2023 Estimated Useful Life (in years)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying Amount