Location Contracts Acquired

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Location Contracts Acquired

Location Contracts Acquired

Location contract assets acquired in business acquisitions are recorded at acquisition at fair value based on an income approach. Location contracts acquired consisted of the following at March 31, 2021 and December 31, 2020 (in thousands):

	March 31, 2021		December 31, 2020
Cost	$	226,428	$	226,012
Accumulated amortization	(63,933)		(58,278)
Location contracts acquired, net	$	162,495	$	167,734

Amortization expense of location contracts acquired was $5.7 million and $5.1 million, during the three months ended March 31, 2021 and 2020, respectively.