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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill by Operating Segment | Changes in goodwill for the years ended December 31, 2023 and 2022 by operating segment were as follows (in thousands):
| Fleet |  | Aviation |  | Total
Balance as of December 31, 2021 | $ | 63,190 |  |  | $ | 154,072 |  |  | $ | 217,262 |
Balance as of December 31, 2022 | $ | 63,190 |  |  | $ | 154,072 |  |  | $ | 217,262 |
Goodwill acquired | — |  |  | 134,519 |  |  | 134,519 |
Balance as of December 31, 2023 | $ | 63,190 |  |  | $ | 288,591 |  |  | $ | 351,781 |
Intangible Assets | Intangible assets consisted of the following (in thousands):
| Cost |  | Accumulated Amortization |  | Net Intangible Assets
December 31, 2023 |  |  |  |  |
Contract and customer-related | $ | 241,090 |  |  | $ | (127,022) |  |  | $ | 114,068 |
Trade names | 8,670 |  |  | (8,608) |  |  | 62 |
Total | $ | 249,760 |  |  | $ | (135,630) |  |  | $ | 114,130 |
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 |
Future Amortization of Intangible Assets | The estimated future annual amortization expense related to intangible assets are as follows (in thousands):
Year Ending December 31, |
2024 | $ | 13,313 |
2025 | 13,278 |
2026 | 13,154 |
2027 | 11,407 |
2028 | 10,574 |
Thereafter | 52,404 |
Total | $ | 114,130 |

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