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Goodwill and Other Intangible Assets, Net (Tables)
 3 Months Ended
Mar. 31, 2025
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, 2024

 

$

103,321

 

Foreign currency translation adjustments

 

 

148

 

Balance at March 31, 2025

 

$

103,469

 
Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

March 31, 2025

 

 

December 31, 2024

 

(in thousands)

 

Remaining 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

 

9.2

 

$

5,474

 

 

$

(2,556

)

 

$

2,918

 

 

$

5,475

 

 

$

(2,453

)

 

$

3,022

 

Operating contracts and licenses

 

25.9

 

 

54,148

 

 

 

(5,955

)

 

 

48,193

 

 

 

52,697

 

 

 

(5,505

)

 

 

47,192

 

In-place lease

 

31.5

 

 

13,584

 

 

 

(2,164

)

 

 

11,420

 

 

 

13,588

 

 

 

(2,069

)

 

 

11,519

 

Tradenames

 

3.6

 

 

4,990

 

 

 

(3,078

)

 

 

1,912

 

 

 

4,992

 

 

 

(2,920

)

 

 

2,072

 

Other

 

0.7

 

 

10

 

 

 

(9

)

 

 

1

 

 

 

10

 

 

 

(9

)

 

 

1

 

Total amortized intangible assets

 

 

 

 

78,206

 

 

 

(13,762

)

 

 

64,444

 

 

 

76,762

 

 

 

(12,956

)

 

 

63,806

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

560

 

 

 

—

 

 

 

560

 

 

 

560

 

 

 

—

 

 

 

560

 

Other intangible assets, net

 

 

 

$

78,766

 

 

$

(13,762

)

 

$

65,004

 

 

$

77,322

 

 

$

(12,956

)

 

$

64,366

 
Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization

At March 31, 2025, the estimated future amortization expense related to intangible assets subject to amortization is as follows:

(in thousands)

 

 

 

Year ending December 31,

 

 

 

Remainder of 2025

 

$

2,333

 

2026

 

 

2,987

 

2027

 

 

2,613

 

2028

 

 

2,592

 

2029

 

 

2,481

 

Thereafter

 

 

51,438

 

Total

 

$

64,444