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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill by Operating Segment | Changes in the carrying amount of goodwill by segment for the nine months ended September 30, 2023 were as follows (in thousands):
|  | Aviation |  | Fleet |  | Total
Balance as of December 31, 2022 |  | $ | 154,072 |  |  | $ | 63,190 |  |  | $ | 217,262 |
Acquisitions |  | 128,464 |  |  | — |  |  | 128,464 |
Balance as of September 30, 2023 |  | $ | 282,536 |  |  | $ | 63,190 |  |  | $ | 345,726 |
Schedule of Intangible Assets | Intangible assets consisted of the following (in thousands):
|  | Gross carrying value |  | Accumulated amortization |  | Net carrying value
September 30, 2023 |  |  |  |  |  |
Contract and customer-related |  | $ | 242,190 |  |  | $ | (123,675) |  |  | $ | 118,515 |
Trade names |  | 8,670 |  |  | (8,320) |  |  | 350 |
Total |  | $ | 250,860 |  |  | $ | (131,995) |  |  | $ | 118,865 |
December 31, 2022 |  |  |  |  |  |
Contract and customer-related |  | $ | 199,140 |  |  | $ | (113,796) |  |  | $ | 85,344 |
Trade names |  | 8,670 |  |  | (7,456) |  |  | 1,214 |
Total |  | $ | 207,810 |  |  | $ | (121,252) |  |  | $ | 86,558 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | As of September 30, 2023, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year Ending |  | Amount
Remainder of 2023 |  | $ | 3,654 |
2024 |  | 13,450 |
2025 |  | 13,388 |
2026 |  | 13,264 |
2027 |  | 11,517 |
Thereafter |  | 63,592 |
Total |  | $ | 118,865 |

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