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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
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, 2021

 

$

112,078

 

Business acquisition

 

 

16,787

 

Foreign currency translation adjustments

 

 

(1,988

)

Balance at June 30, 2022

 

$

126,877

 

Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

 

June 30, 2022

 

 

December 31, 2021

 

(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

 

7.2

 

$

37,485

 

 

$

(28,764

)

 

$

8,721

 

 

$

36,848

 

 

$

(28,372

)

 

$

8,476

 

Operating contracts and licenses

 

34.6

 

 

41,444

 

 

 

(3,113

)

 

 

38,331

 

 

 

40,927

 

 

 

(2,660

)

 

 

38,267

 

In-place lease

 

34.3

 

 

15,183

 

 

 

(1,280

)

 

 

13,903

 

 

 

15,464

 

 

 

(1,084

)

 

 

14,380

 

Tradenames

 

4.3

 

 

5,823

 

 

 

(3,128

)

 

 

2,695

 

 

 

5,626

 

 

 

(2,819

)

 

 

2,807

 

Other

 

5.7

 

 

810

 

 

 

(154

)

 

 

656

 

 

 

824

 

 

 

(139

)

 

 

685

 

Total amortized intangible assets

 

 

 

 

100,745

 

 

 

(36,439

)

 

 

64,306

 

 

 

99,689

 

 

 

(35,074

)

 

 

64,615

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

572

 

 

 

 

 

 

572

 

 

 

574

 

 

 

 

 

 

574

 

Other intangible assets, net

 

 

 

$

101,317

 

 

$

(36,439

)

 

$

64,878

 

 

$

100,263

 

 

$

(35,074

)

 

$

65,189

 

Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization

At June 30, 2022, the estimated future amortization expense related to intangible assets subject to amortization is as follows:

 

(in thousands)

 

 

 

Year ending December 31,

 

 

 

Remainder of 2022

 

$

2,686

 

2023

 

 

4,710

 

2024

 

 

3,746

 

2025

 

 

2,439

 

2026

 

 

2,404

 

Thereafter

 

 

48,321

 

Total

 

$

64,306