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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of the Goodwill Balances by Component and Segment

The changes in the carrying amount of goodwill are as follows:

 

(in thousands)

 

Pursuit

 

Balance at December 31, 2020

 

$

99,847

 

Business acquisition

 

 

11,776

 

Foreign currency translation adjustments

 

 

1,324

 

Balance at March 31, 2021

 

$

112,947

 

Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

 

March 31, 2021

 

 

December 31, 2020

 

(in thousands)

 

Useful Life

(Years)

 

Gross Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Carrying Value

 

 

Gross Carrying

Value

 

 

Accumulated

Amortization

 

 

Net Carrying Value

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts and relationships

 

6.3

 

$

37,821

 

 

$

(26,676

)

 

$

11,145

 

 

$

38,214

 

 

$

(26,288

)

 

$

11,926

 

Operating contracts and licenses

 

36.4

 

 

42,402

 

 

 

(2,469

)

 

 

39,933

 

 

 

42,012

 

 

 

(2,405

)

 

 

39,607

 

In-place lease

 

13.1

 

 

15,558

 

 

 

(778

)

 

 

14,780

 

 

 

15,347

 

 

 

(656

)

 

 

14,691

 

Tradenames

 

5.0

 

 

5,659

 

 

 

(2,294

)

 

 

3,365

 

 

 

5,940

 

 

 

(2,435

)

 

 

3,505

 

Non-compete agreements

 

0.8

 

 

780

 

 

 

(663

)

 

 

117

 

 

 

770

 

 

 

(616

)

 

 

154

 

Other

 

6.9

 

 

829

 

 

 

(113

)

 

 

716

 

 

 

818

 

 

 

(102

)

 

 

716

 

Total amortized intangible assets

 

 

 

 

103,049

 

 

 

(32,993

)

 

 

70,056

 

 

 

103,101

 

 

 

(32,502

)

 

 

70,599

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

575

 

 

 

 

 

 

575

 

 

 

573

 

 

 

 

 

 

573

 

Other intangible assets

 

 

 

$

103,624

 

 

$

(32,993

)

 

$

70,631

 

 

$

103,674

 

 

$

(32,502

)

 

$

71,172

 

Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization At March 31, 2021, the estimated future amortization expense related to intangible assets subject to amortization is as follows:

 

(in thousands)

 

 

 

 

Year ending December 31,

 

 

 

 

Remainder of 2021

 

$

4,039

 

2022

 

 

5,164

 

2023

 

 

4,500

 

2024

 

 

3,539

 

2025

 

 

2,244

 

Thereafter

 

 

50,570

 

Total

 

$

70,056