XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.23.3

Goodwill and Other Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill and other intangible assets consisted of the following (amounts in thousands):
| At September 30, 2023 |  | At December 31, 2022
| 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 | 981,254 |  |  | (751,630) |  |  | 229,624 |  |  | 758,106 |  |  | (710,256) |  |  | 47,850 |
Total goodwill and other intangible assets | $ | 1,165,921 |  |  | $ | (751,630) |  |  | $ | 414,291 |  |  | $ | 942,773 |  |  | $ | (710,256) |  |  | $ | 232,517 |
Finite-lived intangible assets consist primarily of acquired customers in place. Amortization expense related to intangible assets subject to amortization was $16.0 million and $41.4 million for the three and nine months ended September 30, 2023, respectively, and $20.0 million and $78.2 million for the same periods in 2022. During the nine months ended September 30, 2023, intangibles increased $223.1 million, in connection with the Simply Acquisition (Note 3) and the acquisition of real estate facilities (Note 4). The estimated future amortization expense for our finite-lived intangible assets at September 30, 2023 is as follows (amounts in thousands):
Year |  | Amount
Remainder of 2023 |  | $ | 39,491 |
2024 |  | 108,871 |
2025 |  | 56,693 |
2026 |  | 18,013 |
2027 |  | 2,687 |
Thereafter |  | 3,869 |
Total |  | $ | 229,624 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration