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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill Changes in the carrying amount of goodwill by segment for the three months ended March 31, 2023 were as follows (in thousands):
|  | Aviation |  | Fleet |  | Federal and Defense |  | Total
Balance as of December 31, 2022 |  | $ | 154,072 |  |  | $ | 63,190 |  |  | $ | 31,575 |  |  | $ | 248,837 |
Acquisitions |  | 4,743 |  |  | — |  |  | — |  |  | 4,743 |
Balance as of March 31, 2023 |  | $ | 158,815 |  |  | $ | 63,190 |  |  | $ | 31,575 |  |  | $ | 253,580 |
Goodwill increased during the three months ended March 31, 2023 in connection with the acquisition during the period as discussed in Note (2) "Acquisitions." Intangible Assets Intangible assets consisted of the following (in thousands):
|  | Gross carrying value |  | Accumulated amortization |  | Net carrying value
March 31, 2023 |  |  |  |  |  |
Contract and customer-related |  | $ | 210,091 |  |  | $ | (120,953) |  |  | $ | 89,138 |
Trade names |  | 8,670 |  |  | (7,744) |  |  | 926 |
Total |  | $ | 218,761 |  |  | $ | (128,697) |  |  | $ | 90,064 |
December 31, 2022 |  |  |  |  |  |
Contract and customer-related |  | $ | 206,291 |  |  | $ | (116,881) |  |  | $ | 89,410 |
Trade names |  | 8,670 |  |  | (7,456) |  |  | 1,214 |
Total |  | $ | 214,961 |  |  | $ | (124,337) |  |  | $ | 90,624 |
The gross carrying amount of contract and customer-related intangibles increased during the three months ended March 31, 2023 in connection with the acquisition during the period as discussed in Note (2) "Acquisitions." As of March 31, 2023, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year Ending |  |
Remainder of 2023 |  | $ | 9,976 |
2024 |  | 10,819 |
2025 |  | 9,775 |
2026 |  | 8,950 |
2027 |  | 7,204 |
Thereafter |  | 43,340 |
Total |  | $ | 90,064 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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