XML 22 R13.htm IDEA: XBRL DOCUMENT

Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangible assets consisted of the following (amounts in thousands):


	At September 30, 2022						At December 31, 2021
	Gross Book Value		Accumulated Amortization		Net Book Value		Gross Book Value		Accumulated Amortization		Net Book Value
Goodwill	$	165,843	$	—	$	165,843	$	165,843	$	—	$	165,843
Shurgard® Trade Name	18,824		—		18,824		18,824		—		18,824
Finite-lived intangible assets, subject to amortization	196,617		(141,473)		55,144		198,180		(79,953)		118,227
Total goodwill and other intangible assets	$	381,284	$	(141,473)	$	239,811	$	382,847	$	(79,953)	$	302,894

Finite-lived intangible assets consist primarily of acquired customers in place. Amortization expense related to intangible assets subject to amortization was $20.0 million and $78.2 million for the three and nine months ended September 30, 2022, respectively, and $23.3 million and $49.0 million for the same periods in 2021. During the nine months ended September 30, 2022, intangibles increased $15.1 million in connection with the acquisition of real estate facilities. (Note 3).

The estimated future amortization expense for our finite-lived intangible assets at September 30, 2022 is as follows (amounts in thousands):


Year	Amount
Remainder of 2022	$	15,830
2023	30,074
Thereafter	9,240
Total	$	55,144