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Location Contracts Acquired
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Location Contracts Acquired Location Contracts Acquired
Location contract assets acquired in business acquisitions are recorded at fair value based on an income approach. Location contracts acquired consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands):
September 30,
2025
December 31,
2024
Cost$331,195 $330,903 
Accumulated amortization(143,554)(128,285)
Location contracts acquired, net$187,641 $202,618 
Amortization expense of location contracts acquired was $5.1 million and $15.2 million for the three and nine months ended September 30, 2025, respectively. In comparison, amortization expense for location contracts acquired was $4.6 million and $13.3 million for the three and nine months ended September 30, 2024, respectively.