Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill were as follows:

(dollar amounts in thousands)	Mobile Modular			Adler Tanks (Discontinued)			Total
Balance at December 31, 2021	$	106,491		$	25,902		$	132,393
Changes to Design Space purchase accounting		(88	)		—			(88	)
Balance at December 31, 2022		106,403			25,902			132,305
Goodwill acquired through business combination		218,951			—			218,951
Changes to Vesta Modular purchase accounting		(1,583	)		—			(1,583	)
Derecognition of goodwill divested		—			(25,902	)		(25,902	)
Balance at September 30, 2023	$	323,771		$	—		$	323,771

Summary of Intangible Assets

Intangible assets consist of the following:

(dollar amounts in thousands)	Estimated useful life in years	Average remaining life in years	Cost	Accumulated amortization	Net book value
September 30, 2023
Customer relationships	8 to 11	8.0	$73,217	$(14,765)	$58,452
Non-compete agreements	5	4.0	10,556	(2,613)	7,943
Trade name	0.75 to 8	5.0	2,000	(1,086)	914
Total amortizing			85,773	(18,464)	67,309
Trade name - non-amortizing	Indefinite		171	—	171
Total			$85,944	$(18,464)	$67,480
December 31, 2022
Customer relationships	8 to 11	6.3	$50,284	$(18,098)	$32,186
Non-compete agreements	5	3.2	3,296	(1,159)	2,137
Customer backlog	—	—	1,900	(1,900)	—
Trade name	8	6.3	1,200	(263)	937
Total amortizing			56,680	(21,420)	35,260
Trade name - non-amortizing	Indefinite		5,871	—	5,871
Total			$62,551	$(21,420)	$41,131