Location Contracts Acquired

6 Months Ended

Jun. 30, 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 June 30, 2024 and December 31, 2023 (in thousands):

	June 30, 2024		December 31, 2023
Cost	$	300,520	$	286,728
Accumulated amortization	(119,170)		(110,417)
Location contracts acquired, net	$	181,350	$	176,311

Amortization expense of location contracts acquired was $4.4 million and $8.7 million for the three and six months ended June 30, 2024, respectively. In comparison, location contracts acquired was $4.2 million and $8.5 million for the three and six months ended June 30, 2023, respectively.