XML 50 R40.htm IDEA: XBRL DOCUMENT v3.22.4
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Sep. 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

 

 

(9,449

)

Balance at September 30, 2022

 

$

119,416

 

Summary of Other Intangible Assets

Other intangible assets consisted of the following:

 

 

 

 

 

September 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

 

$

36,879

 

 

$

(29,120

)

 

$

7,759

 

 

$

36,848

 

 

$

(28,372

)

 

$

8,476

 

Operating contracts and licenses

 

34.4

 

 

38,285

 

 

 

(3,250

)

 

 

35,035

 

 

 

40,927

 

 

 

(2,660

)

 

 

38,267

 

In-place lease

 

34.0

 

 

14,133

 

 

 

(1,283

)

 

 

12,850

 

 

 

15,464

 

 

 

(1,084

)

 

 

14,380

 

Tradenames

 

4.2

 

 

5,441

 

 

 

(3,085

)

 

 

2,356

 

 

 

5,626

 

 

 

(2,819

)

 

 

2,807

 

Other

 

5.4

 

 

754

 

 

 

(151

)

 

 

603

 

 

 

824

 

 

 

(139

)

 

 

685

 

Total amortized intangible assets

 

 

 

 

95,492

 

 

 

(36,889

)

 

 

58,603

 

 

 

99,689

 

 

 

(35,074

)

 

 

64,615

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

564

 

 

 

 

 

 

564

 

 

 

574

 

 

 

 

 

 

574

 

Other intangible assets, net

 

 

 

$

96,056

 

 

$

(36,889

)

 

$

59,167

 

 

$

100,263

 

 

$

(35,074

)

 

$

65,189

 

 

Estimated Future Amortization Expense Related to Intangible Assets Subject to Amortization

At September 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

 

$

1,177

 

2023

 

 

4,515

 

2024

 

 

3,576

 

2025

 

 

2,281

 

2026

 

 

2,248

 

Thereafter

 

 

44,806

 

Total

 

$

58,603