Location Contracts Acquired

3 Months Ended

Mar. 31, 2024

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 as of March 31, 2024 and December 31, 2023 (in thousands):

	March 31, 2024		December 31, 2023
Cost	$	287,958	$	286,728
Accumulated amortization	(114,752)		(110,417)
Location contracts acquired, net	$	173,206	$	176,311

Amortization expense of location contracts acquired was $4.3 million for both the three months ended March 31, 2024 and 2023.