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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 9. Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill are as follows:
(in thousands) |  |  |
Balance at December 31, 2022 |  | $ | 121,429 |
Foreign currency translation adjustments |  |  | 2,429 |
Other(1) |  |  | 41 |
Balance at June 30, 2023 |  | $ | 123,899 |
(1) Represents a purchase accounting measurement period adjustment related to the Glacier Raft Company acquisition. Refer to Note 4 – Acquisition and Disposition for additional information. Goodwill is tested for impairment at the reporting unit level on an annual basis as of October 31, and between annual tests if an event occurs or circumstances change that would more-likely-than-not reduce the fair value of a reporting unit below its carrying value. We use a discounted expected future cash flow methodology (income approach) to estimate the fair value of our reporting units for purposes of goodwill impairment testing. Other intangible assets consisted of the following:
|  |  |  | June 30, 2023 |  |  | December 31, 2022 |
(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 |  | 7.6 |  | $ | 34,701 |  |  | $ | (28,798 | ) |  | $ | 5,903 |  |  | $ | 37,194 |  |  | $ | (30,109 | ) |  | $ | 7,085 |
Operating contracts and licenses |  | 33.8 |  |  | 40,285 |  |  |  | (4,145 | ) |  |  | 36,140 |  |  |  | 38,993 |  |  |  | (3,504 | ) |  |  | 35,489 |
In-place lease |  | 33.3 |  |  | 14,755 |  |  |  | (1,618 | ) |  |  | 13,137 |  |  |  | 14,420 |  |  |  | (1,404 | ) |  |  | 13,016 |
Tradenames |  | 3.6 |  |  | 5,667 |  |  |  | (3,760 | ) |  |  | 1,907 |  |  |  | 5,546 |  |  |  | (3,324 | ) |  |  | 2,222 |
Other |  | 4.7 |  |  | 787 |  |  |  | (186 | ) |  |  | 601 |  |  |  | 770 |  |  |  | (163 | ) |  |  | 607 |
Total amortized intangible assets |  |  |  |  | 96,195 |  |  |  | (38,507 | ) |  |  | 57,688 |  |  |  | 96,923 |  |  |  | (38,504 | ) |  |  | 58,419 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Business licenses |  |  |  |  | 569 |  |  |  | — |  |  |  | 569 |  |  |  | 566 |  |  |  | — |  |  |  | 566 |
Other intangible assets, net |  |  |  | $ | 96,764 |  |  | $ | (38,507 | ) |  | $ | 58,257 |  |  | $ | 97,489 |  |  | $ | (38,504 | ) |  | $ | 58,985 |
Intangible asset amortization expense (excluding amortization expense of ROU assets) was $1.2 million during the three months ended June 30, 2023 and $2.3 million during the six months ended June 30, 2023. Intangible asset amortization expense was $1.4 million during the three months ended June 30, 2022 and $2.6 million during the six months ended June 30, 2022. At June 30, 2023, the estimated future amortization expense related to intangible assets subject to amortization is as follows:
(in thousands) |  |  |
Year ending December 31, |  |  |
Remainder of 2023 |  | $ | 2,276 |
2024 |  |  | 3,679 |
2025 |  |  | 2,378 |
2026 |  |  | 2,344 |
2027 |  |  | 1,938 |
Thereafter |  |  | 45,073 |
Total |  | $ | 57,688 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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