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Note 5 - Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 5 — GOODWILL AND INTANGIBLE ASSETS The Company's goodwill relates to the acquisition of its Land Experiences Segment subsidiaries, see Note 9—Acquisitions. The following is a rollforward of the Company’s goodwill:
(In thousands) |  | Land Experiences Segment |
Balance as of December 31, 2021 |  | $ | 42,017 |
Activity |  |  | - |
Balance as of December 31, 2022 |  |  | 42,017 |
Activity |  |  | - |
Balance as of December 31, 2023 |  |  | 42,017 |
Acquisitions (a) |  |  | 16,957 |
Foreign exchange translation |  |  | 57 |
Balance as of December 31, 2024 |  | $ | 59,031 |
| (a) | Increase to goodwill relates to the 2024 acquisition of Thomson Group. For additional information, see Note 9—Acquisition.
The Company’s intangible assets consist of finite lived assets related to the acquisition of its Land Experiences Segment subsidiaries and the value of its cupos operating rights. Total amortization expense for the years ended December 31, 2024, 2023 and 2022, was $2.1 million, $1.8 million and $2.0 million, respectively. The carrying amounts and accumulated amortization of intangibles, net are as follows:
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
(In thousands) |  | Gross Carrying Amount (a) |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Weighted Average Useful Life Remaining (years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Tradenames |  | $ | 14,939 |  |  | $ | (2,911 | ) |  | $ | 12,028 |  |  |  | 12.1 |  |  | $ | 7,069 |  |  | $ | (2,222 | ) |  | $ | 4,847 |
Customer Lists |  |  | 6,907 |  |  |  | (4,517 | ) |  |  | 2,390 |  |  |  | 1.7 |  |  |  | 6,182 |  |  |  | (3,209 | ) |  |  | 2,973 |
Operating rights |  |  | 6,529 |  |  |  | (5,024 | ) |  |  | 1,505 |  |  |  | 17.2 |  |  |  | 6,529 |  |  |  | (4,937 | ) |  |  | 1,592 |
Total intangibles, net |  | $ | 28,375 |  |  | $ | (12,452 | ) |  | $ | 15,923 |  |  |  | 11.0 |  |  | $ | 19,780 |  |  | $ | (10,368 | ) |  | $ | 9,412 |
| (a) | Increase to the gross carrying amounts of intangibles relate to the 2024 acquisition of Thomson Group. For additional information, see Note 9—Acquisition.
Future expected amortization expense related to these intangibles are as follows:
Year |  | Amount |
|  | (In thousands) |
2025 |  | $ | 2,465 |
2026 |  |  | 1,708 |
2027 |  |  | 1,229 |
2028 |  |  | 1,229 |
2029 |  |  | 1,178 |
Thereafter |  |  | 8,114 |
|  | $ | 15,923 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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