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

 

 

5,059

 

Measurement period adjustments

 

 

(85

)

Balance at June 30, 2025

 

$

108,295

 
Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

June 30, 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

 

8.9

 

$

5,683

 

 

$

(2,777

)

 

$

2,906

 

 

$

5,475

 

 

$

(2,453

)

 

$

3,022

 

Operating contracts and licenses

 

26.0

 

 

58,292

 

 

 

(7,138

)

 

 

51,154

 

 

 

52,697

 

 

 

(5,505

)

 

 

47,192

 

In-place lease

 

31.3

 

 

14,362

 

 

 

(2,392

)

 

 

11,970

 

 

 

13,588

 

 

 

(2,069

)

 

 

11,519

 

Tradenames

 

3.4

 

 

5,202

 

 

 

(3,409

)

 

 

1,793

 

 

 

4,992

 

 

 

(2,920

)

 

 

2,072

 

Other

 

0.4

 

 

9

 

 

 

(9

)

 

 

—

 

 

 

10

 

 

 

(9

)

 

 

1

 

Total amortized intangible assets

 

 

 

 

83,548

 

 

 

(15,725

)

 

 

67,823

 

 

 

76,762

 

 

 

(12,956

)

 

 

63,806

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

3,592

 

 

 

—

 

 

 

3,592

 

 

 

560

 

 

 

—

 

 

 

560

 

Other intangible assets, net

 

 

 

$

87,140

 

 

$

(15,725

)

 

$

71,415

 

 

$

77,322

 

 

$

(12,956

)

 

$

64,366

 
Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization

At June 30, 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

 

$

1,620

 

2026

 

 

3,143

 

2027

 

 

2,748

 

2028

 

 

2,725

 

2029

 

 

2,610

 

Thereafter

 

 

54,977

 

Total

 

$

67,823