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Goodwill and Other Intangible Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the Company's Goodwill Balances | Changes in the Company’s goodwill balances recognized during the years ended December 31, 2023 and 2022 were as follows (in thousands):
|  | 1/1/2023 |  |  | Foreign currency translation |  |  | 12/31/2023 |
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 |  |  |  | - |  |  |  | 390 |
Total Goodwill |  | $ | 755,199 |  |  | $ | — |  |  | $ | 755,199 |
|  | 1/1/2022 |  |  | Foreign currency translation |  |  | 12/31/2022 |
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 |  |  | 416 |  |  |  | (26 | ) |  |  | 390 |
Total Goodwill |  | $ | 755,225 |  |  | $ | (26 | ) |  | $ | 755,199 |
Schedule of Intangible Assets | Intangible assets consisted of the following as of December 31, 2023 and 2022 (in thousands):
|  | Weighted |  |  | December 31, 2023 |  |  | December 31, 2022 |
|  | 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 |  |  | $ | 223,781 |  |  | $ | (133,095 | ) |  | $ | 90,686 |  |  | $ | 308,350 |  |  | $ | (206,367 | ) |  | $ | 101,983 |
Technology |  |  | 7.3 |  |  |  | 33,700 |  |  |  | (33,700 | ) |  |  | — |  |  |  | 33,700 |  |  |  | (33,195 | ) |  |  | 505 |
Trade names |  | Indefinite |  |  |  | 45,200 |  |  |  | — |  |  |  | 45,200 |  |  |  | 45,200 |  |  |  | — |  |  |  | 45,200 |
Total acquired intangible assets |  |  |  |  | $ | 302,681 |  |  | $ | (166,795 | ) |  | $ | 135,886 |  |  | $ | 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 2024 through 2028 and thereafter is as follows (in thousands):
Fiscal Year |  | Total Amortization Expense |
2024 |  | $ | 9,305 |
2025 |  |  | 9,263 |
2026 |  |  | 7,166 |
2027 |  |  | 6,860 |
2028 |  |  | 6,854 |
Thereafter |  |  | 51,238 |
|  | $ | 90,686 |

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