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Goodwill and Other Intangible Assets, Net (Tables)
 9 Months Ended
Sep. 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

 

 

(2,001

)

Balance at September 30, 2024

 

$

121,905

 
Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

 

September 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

 

8.9

 

$

33,162

 

 

$

(29,487

)

 

$

3,675

 

 

$

34,701

 

 

$

(29,950

)

 

$

4,751

 

Operating contracts and licenses

 

32.8

 

 

40,314

 

 

 

(5,535

)

 

 

34,779

 

 

 

40,324

 

 

 

(4,692

)

 

 

35,632

 

In-place lease

 

32.0

 

 

14,450

 

 

 

(2,104

)

 

 

12,346

 

 

 

14,754

 

 

 

(1,842

)

 

 

12,912

 

Tradenames

 

2.9

 

 

4,004

 

 

 

(2,961

)

 

 

1,043

 

 

 

5,667

 

 

 

(4,121

)

 

 

1,546

 

Other

 

1.2

 

 

9

 

 

 

(8

)

 

 

1

 

 

 

787

 

 

 

(200

)

 

 

587

 

Total amortized intangible assets

 

 

 

 

91,939

 

 

 

(40,095

)

 

 

51,844

 

 

 

96,233

 

 

 

(40,805

)

 

 

55,428

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

566

 

 

 

—

 

 

 

566

 

 

 

569

 

 

 

—

 

 

 

569

 

Other intangible assets, net

 

 

 

$

92,505

 

 

$

(40,095

)

 

$

52,410

 

 

$

96,802

 

 

$

(40,805

)

 

$

55,997

 
Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization

At September 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

 

$

801

 

2025

 

 

2,328

 

2026

 

 

2,295

 

2027

 

 

1,898

 

2028

 

 

1,875

 

Thereafter

 

 

42,647

 

Total

 

$

51,844