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v3.25.1

Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in the Company's Goodwill Balances | Changes in the Company's goodwill balances from January 1, 2025 to March 31, 2025 are as follows (in thousands):
|  | January 1, 2025 |  |  | Foreign Currency Translation |  |  | March 31, 2025 |
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 |  |  | 1,192 |  |  |  | 3 |  |  |  | 1,195 |
Total Goodwill |  | $ | 756,001 |  |  | $ | 3 |  |  | $ | 756,004 |
Schedule of Intangible Assets | The Company's intangible assets include facility management contracts and trade names and technology, as follows (in thousands):
|  | March 31, 2025 |  |  | December 31, 2024 |
|  | 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 |  |  | $ | 223,767 |  |  | $ | (144,702 | ) |  | $ | 79,065 |  |  | $ | 223,790 |  |  | $ | (142,414 | ) |  | $ | 81,376 |
Trade names |  | Indefinite |  |  |  | 45,200 |  |  |  | — |  |  |  | 45,200 |  |  |  | 45,200 |  |  |  | — |  |  |  | 45,200 |
Total acquired intangible assets |  |  |  |  | $ | 268,967 |  |  | $ | (144,702 | ) |  | $ | 124,265 |  |  | $ | 268,990 |  |  | $ | (142,414 | ) |  | $ | 126,576 |
Estimated Amortization Expense for the Remainder | Estimated amortization expense related to the Company's finite-lived intangible assets for the remainder of 2025 through 2029 and thereafter is as follows (in thousands):
Fiscal Year |  | Total Amortization Expense |
Remainder of 2025 |  | $ | 6,901 |
2026 |  |  | 7,162 |
2027 |  |  | 6,912 |
2028 |  |  | 6,854 |
2029 |  |  | 6,854 |
Thereafter |  |  | 44,382 |
|  | $ | 79,065 |

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