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v3.23.1

Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the Company's Goodwill Balances | Changes in the Company's goodwill balances from January 1, 2023 to March 31, 2023 are as follows (in thousands):
|  | January 1, 2023 |  |  | Foreign Currency Translation |  |  | March 31, 2023 |
U.S. Secure Services |  | $ | 316,366 |  |  | $ | — |  |  | $ | 316,366 |
Electronic Monitoring and Supervision Services |  |  | 289,570 |  |  |  | — |  |  |  | 289,570 |
Reentry Services |  |  | 148,873 |  |  |  | — |  |  |  | 148,873 |
International Services |  |  | 390 |  |  |  | (7 | ) |  |  | 383 |
Total Goodwill |  | $ | 755,199 |  |  | $ | (7 | ) |  | $ | 755,192 |
Schedule of Intangible Assets | The Company's intangible assets include facility management contracts, covenants not to compete, trade names and technology, as follows (in thousands):
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | Weighted Average Useful Life (years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Facility management contracts |  |  | 16.3 |  |  | $ | 308,338 |  |  | $ | (209,497 | ) |  | $ | 98,841 |  |  | $ | 308,350 |  |  | $ | (206,367 | ) |  | $ | 101,983 |
Technology |  |  | 7.3 |  |  |  | 33,700 |  |  |  | (33,498 | ) |  |  | 202 |  |  |  | 33,700 |  |  |  | (33,195 | ) |  |  | 505 |
Trade names |  | Indefinite |  |  |  | 45,200 |  |  |  | — |  |  |  | 45,200 |  |  |  | 45,200 |  |  |  | — |  |  |  | 45,200 |
Total acquired intangible assets |  |  |  |  | $ | 387,238 |  |  | $ | (242,995 | ) |  | $ | 144,243 |  |  | $ | 387,250 |  |  | $ | (239,562 | ) |  | $ | 147,688 |
Estimated Amortization Expense for the Remainder | Estimated amortization expense related to the Company's finite-lived intangible assets for the remainder of 2023 through 2027 and thereafter is as follows (in thousands):
Fiscal Year |  | Total Amortization Expense |
Remainder of 2023 |  | $ | 8,776 |
2024 |  |  | 9,314 |
2025 |  |  | 9,263 |
2026 |  |  | 7,170 |
2027 |  |  | 6,878 |
Thereafter |  |  | 57,642 |
|  | $ | 99,043 |

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