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Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2024
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)

 

 

 

Balance at December 31, 2023

 

$

123,906

 

Foreign currency translation adjustments

 

 

(3,222

)

Balance at June 30, 2024

 

$

120,684

 
Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

 

June 30, 2024

 

 

December 31, 2023

 

(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

 

8.6

 

$

33,118

 

 

$

(29,063

)

 

$

4,055

 

 

$

34,701

 

 

$

(29,950

)

 

$

4,751

 

Operating contracts and licenses

 

32.9

 

 

39,454

 

 

 

(5,132

)

 

 

34,322

 

 

 

40,324

 

 

 

(4,692

)

 

 

35,632

 

In-place lease

 

32.3

 

 

14,287

 

 

 

(1,990

)

 

 

12,297

 

 

 

14,754

 

 

 

(1,842

)

 

 

12,912

 

Tradenames

 

3

 

 

5,498

 

 

 

(4,263

)

 

 

1,235

 

 

 

5,667

 

 

 

(4,121

)

 

 

1,546

 

Other

 

3.7

 

 

762

 

 

 

(212

)

 

 

550

 

 

 

787

 

 

 

(200

)

 

 

587

 

Total amortized intangible assets

 

 

 

 

93,119

 

 

 

(40,660

)

 

 

52,459

 

 

 

96,233

 

 

 

(40,805

)

 

 

55,428

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

565

 

 

 

—

 

 

 

565

 

 

 

569

 

 

 

—

 

 

 

569

 

Other intangible assets, net

 

 

 

$

93,684

 

 

$

(40,660

)

 

$

53,024

 

 

$

96,802

 

 

$

(40,805

)

 

$

55,997

 
Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization

At June 30, 2024, the estimated future amortization expense related to intangible assets subject to amortization is as follows:

 

(in thousands)

 

 

 

Year ending December 31,

 

 

 

Remainder of 2024

 

$

1,788

 

2025

 

 

2,339

 

2026

 

 

2,305

 

2027

 

 

1,912

 

2028

 

 

1,882

 

Thereafter

 

 

42,233

 

Total

 

$

52,459