Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill by Operating Segment

Changes in the carrying amount of goodwill by segment for the nine months ended September 30, 2023 were as follows (in thousands):

	Aviation		Fleet		Total
Balance as of December 31, 2022	$	154,072	$	63,190	$	217,262
Acquisitions	128,464		—		128,464
Balance as of September 30, 2023	$	282,536	$	63,190	$	345,726

Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

	Gross carrying value		Accumulated amortization		Net carrying value
September 30, 2023
Contract and customer-related	$	242,190	$	(123,675)	$	118,515
Trade names	8,670		(8,320)		350
Total	$	250,860	$	(131,995)	$	118,865
December 31, 2022
Contract and customer-related	$	199,140	$	(113,796)	$	85,344
Trade names	8,670		(7,456)		1,214
Total	$	207,810	$	(121,252)	$	86,558

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of September 30, 2023, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):

Year Ending	Amount
Remainder of 2023	$	3,654
2024	13,450
2025	13,388
2026	13,264
2027	11,517
Thereafter	63,592
Total	$	118,865