XML 81 R41.htm IDEA: XBRL DOCUMENT v3.24.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Activity
Changes in the carrying amount of goodwill were as follows:
(in thousands)ModularStorageTotal
Balance at December 31, 2021$521,049 $492,552 $1,013,601 
Effects of movements in foreign exchange rates(2,172)— (2,172)
Balance at December 31, 2022518,877 492,552 1,011,429 
Additions from acquisitions61,111 103,391 164,502 
Effects of movements in foreign exchange rates704 — 704 
Balance at December 31, 2023$580,692 $595,943 $1,176,635 
Schedule of Finite Lived Intangible Assets
Intangible assets other than goodwill at December 31, consisted of the following:
December 31, 2023
(in thousands)Weighted average remaining life (in years)Gross carrying amountAccumulated amortizationNet book value
Intangible assets subject to amortization:
Customer Relationships4.5$214,408 $(84,324)$130,084 
Technology2.51,500 (875)625 
Indefinite-lived intangible assets:
Trade name – Mobile Mini164,000 — 164,000 
Trade name – WillScot125,000 — 125,000 
Total intangible assets other than goodwill$504,908 $(85,199)$419,709 
December 31, 2022
(in thousands)Weighted average remaining life (in years)Gross carrying amountAccumulated amortizationNet book value
Intangible assets subject to amortization:
Customer Relationships5.5$188,000 $(58,750)$129,250 
Technology3.51,500 (625)875 
Indefinite-lived intangible assets:
Trade name - Mobile Mini 164,000 — 164,000 
Trade name - WillScot125,000 — 125,000 
Total intangible assets other than goodwill$478,500 $(59,375)$419,125 
Schedule of Indefinite Lived Intangible Assets
Intangible assets other than goodwill at December 31, consisted of the following:
December 31, 2023
(in thousands)Weighted average remaining life (in years)Gross carrying amountAccumulated amortizationNet book value
Intangible assets subject to amortization:
Customer Relationships4.5$214,408 $(84,324)$130,084 
Technology2.51,500 (875)625 
Indefinite-lived intangible assets:
Trade name – Mobile Mini164,000 — 164,000 
Trade name – WillScot125,000 — 125,000 
Total intangible assets other than goodwill$504,908 $(85,199)$419,709 
December 31, 2022
(in thousands)Weighted average remaining life (in years)Gross carrying amountAccumulated amortizationNet book value
Intangible assets subject to amortization:
Customer Relationships5.5$188,000 $(58,750)$129,250 
Technology3.51,500 (625)875 
Indefinite-lived intangible assets:
Trade name - Mobile Mini 164,000 — 164,000 
Trade name - WillScot125,000 — 125,000 
Total intangible assets other than goodwill$478,500 $(59,375)$419,125 
Schedule of Finite-Lived Intangible Assets Amortization Expense As of December 31, 2023, the expected future amortization expense for intangible assets is as follows:
(in thousands)Amortization Expense
2024$29,122 
202529,122 
202628,997 
202728,684 
202814,784 
Total$130,709