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Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill by Reportable Segment

The following table presents the changes in the carrying amount of goodwill by reportable segment:

		Commercial				Government				Parking
($ in thousands)		Services				Solutions				Solutions				Total
Balance at December 31, 2019		$	424,404			$	159,746			$	—			$	584,150
Foreign currency translation adjustment			2,285				—				—				2,285
Balance at December 31, 2020			426,689				159,746				—				586,435
Acquisition of Redflex			—				56,214				—				56,214
Acquisition of T2 Systems			—				—				195,226				195,226
Acquisition of NuPark			—				—				3,160				3,160
Foreign currency translation adjustment			(1,608	)			(560	)			—				(2,168	)
Balance at December 31, 2021		$	425,081			$	215,400			$	198,386			$	838,867

Schedule of Intangible Assets of Respective Period Ends

Intangible assets consist of the following as of the respective period-ends:

Weighted

Weighted

At December 31, 2021

Average

Average

Gross

Remaining

Amortization

Carrying

Accumulated

($ in thousands)

Useful Life

Period

Amount

Amortization

Trademarks

0.5 years

3.7 years

$

36,225

$

31,429

Non-compete agreements

1.0 years

5.0 years

62,555

49,982

Customer relationships

6.5 years

9.3 years

561,767

167,255

Developed technology

2.2 years

5.8 years

202,768

127,350

Gross carrying value of intangible assets

863,315

$

376,016

Less: accumulated amortization

(376,016

)

Intangible assets, net

$

487,299

Weighted

Weighted

At December 31, 2020

Average

Average

Gross

Remaining

Amortization

Carrying

Accumulated

($ in thousands)

Useful Life

Period

Amount

Amortization

Trademarks

0.3 years

3.0 years

$

32,223

$

29,358

Non-compete agreements

2.0 years

5.0 years

62,589

37,412

Customer relationships

5.9 years

8.9 years

367,512

123,784

Developed technology

2.3 years

5.5 years

166,217

95,848

Gross carrying value of intangible assets

628,541

$

286,402

Less: accumulated amortization

(286,402

)

Intangible assets, net

$

342,139

Estimated Amortization Expense in Future Years

Estimated amortization expense in future years is expected to be:

($ in thousands)
2022		$	106,360
2023			77,609
2024			67,117
2025			64,419
2026			57,617
Thereafter			114,177
Total		$	487,299

X

- References

No definition available.

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
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