Location Contracts Acquired

6 Months Ended

Jun. 30, 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 June 30, 2021 and December 31, 2020 (in thousands):

	June 30, 2021		December 31, 2020
Cost	$	227,670	$	226,012
Accumulated amortization	(69,619)		(58,278)
Location contracts acquired, net	$	158,051	$	167,734

Amortization expense of location contracts acquired was $5.7 million and $11.3 million, for the three and six months ended June 30, 2021 , respectively. In comparison, amortization expense of route and customer acquisition costs was $5.1 million and $10.2 million for the three and six months ended June 30, 2020, respectively.