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Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill in the carrying amount of goodwill during 2024. Changes in the carrying amount of goodwill during 2023 were as follows:

 

(dollar amounts in thousands)

 

Mobile Modular

 

 

Adler Tanks (Discontinued)

 

 

Total

 

Balance at December 31, 2022

 

$

106,403

 

 

$

25,902

 

 

$

132,305

 

Goodwill acquired through business combination

 

 

216,821

 

 

 

—

 

 

 

216,821

 

Derecognition of goodwill divested

 

 

—

 

 

 

(25,902

)

 

 

(25,902

)

Balance at December 31, 2023

 

$

323,224

 

 

$

—

 

 

$

323,224

 

 

 

 

 

 

 

 

 

 

 
Summary of Intangible Assets from Continuing Operations

Intangible assets from continuing operations consist of the following:

(dollar amounts in thousands)

 

Estimated
useful life
in years

 

Average remaining life in years

 

Cost

 

Accumulated amortization

 

Net book value

December 31, 2024

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

8 to 11

 

6.9

 

$73,217

 

$(25,010)

 

$48,207

Non-compete agreements

 

5

 

2.8

 

10,556

 

(5,239)

 

5,317

Trade name

 

0.75 to 8

 

4.3

 

2,000

 

(1,363)

 

637

   Total amortizing

 

 

 

 

 

85,773

 

(31,612)

 

54,161

Trade name - non-amortizing

 

Indefinite

 

 

 

171

 

—

 

171

   Total

 

 

 

 

 

$85,944

 

$(31,612)

 

$54,332

 

 

 

 

 

 

 

 

 

 

 

December 31, 2023

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

8 to 11

 

7.8

 

$73,217

 

$(17,003)

 

$56,214

Non-compete agreements

 

5

 

3.7

 

10,556

 

(3,141)

 

7,415

Trade name

 

0.75 to 8

 

5.3

 

2,000

 

(1,212)

 

788

   Total amortizing

 

 

 

 

 

85,773

 

(21,356)

 

64,417

Trade name - non-amortizing

 

Indefinite

 

 

 

171

 

—

 

171

   Total

 

 

 

 

 

$85,944

 

$(21,356)

 

$64,588