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Location Contracts Acquired
3 Months Ended
Mar. 31, 2023
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, 2023 and December 31, 2022 (in thousands):
March 31,
2023
December 31,
2022
Cost$282,653 $282,653 
Accumulated amortization(97,570)(93,310)
Location contracts acquired, net$185,083 $189,343 
Amortization expense of location contracts acquired was $4.3 million and $3.3 million for the three months ended March 31, 2023, and 2022, respectively.