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Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of the Goodwill Balances by Component and Segment

The changes in the carrying amount of goodwill are as follows:

 

(in thousands)

 

Pursuit

 

Balance at December 31, 2020

 

$

99,847

 

Business acquisition

 

 

11,776

 

Foreign currency translation adjustments

 

 

80

 

Balance at September 30, 2021

 

$

111,703

 

Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

 

September 30, 2021

 

 

December 31, 2020

 

(in thousands)

 

Useful Life
(Years)

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

 

Gross
Carrying
Value

 

 

Accumulated
Amortization

 

 

Net
Carrying
Value

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer contracts and relationships

 

6.1

 

$

37,698

 

 

$

(28,398

)

 

$

9,300

 

 

$

38,214

 

 

$

(26,288

)

 

$

11,926

 

Operating contracts and licenses

 

36.0

 

 

41,391

 

 

 

(3,160

)

 

 

38,231

 

 

 

42,012

 

 

 

(2,405

)

 

 

39,607

 

In-place lease

 

13.2

 

 

15,413

 

 

 

(980

)

 

 

14,433

 

 

 

15,347

 

 

 

(656

)

 

 

14,691

 

Tradenames

 

4.6

 

 

5,607

 

 

 

(2,631

)

 

 

2,976

 

 

 

5,940

 

 

 

(2,435

)

 

 

3,505

 

Non-compete agreements

 

0.3

 

 

773

 

 

 

(734

)

 

 

39

 

 

 

770

 

 

 

(616

)

 

 

154

 

Other

 

6.4

 

 

822

 

 

 

(130

)

 

 

692

 

 

 

818

 

 

 

(102

)

 

 

716

 

Total amortized intangible assets

 

 

 

 

101,704

 

 

 

(36,033

)

 

 

65,671

 

 

 

103,101

 

 

 

(32,502

)

 

 

70,599

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

573

 

 

 

 

 

 

573

 

 

 

573

 

 

 

 

 

 

573

 

Other intangible assets

 

 

 

$

102,277

 

 

$

(36,033

)

 

$

66,244

 

 

$

103,674

 

 

$

(32,502

)

 

$

71,172

 

 

Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization

At September 30, 2021, the estimated future amortization expense related to intangible assets subject to amortization is as follows:

 

(in thousands)

 

 

 

Year ending December 31,

 

 

 

Remainder of 2021

 

$

1,353

 

2022

 

 

5,109

 

2023

 

 

4,451

 

2024

 

 

3,495

 

2025

 

 

2,200

 

Thereafter

 

 

49,063

 

Total

 

$

65,671