Goodwill and Other Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Company's Goodwill Balances

Changes in the Company’s goodwill balances recognized during the years ended December 31, 2023 and 2022 were as follows (in thousands):

	1/1/2023		Foreign currency translation		12/31/2023
U.S. Secure Services	$	316,366	$	—	$	316,366
Electronic Monitoring and Supervision Services		289,570		—		289,570
Reentry Services		148,873		—		148,873
International Services		390		-		390
Total Goodwill	$	755,199	$	—	$	755,199

	1/1/2022		Foreign currency translation			12/31/2022
U.S. Secure Services	$	316,366	$	—		$	316,366
Electronic Monitoring and Supervision Services		289,570		—			289,570
Reentry Services		148,873		—			148,873
International Services		416		(26	)		390
Total Goodwill	$	755,225	$	(26	)	$	755,199

Schedule of Intangible Assets

Intangible assets consisted of the following as of December 31, 2023 and 2022 (in thousands):

	Weighted		December 31, 2023							December 31, 2022
	Average Useful Life (years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Facility management contracts		16.3	$	223,781	$	(133,095	)	$	90,686	$	308,350	$	(206,367	)	$	101,983
Technology		7.3		33,700		(33,700	)		—		33,700		(33,195	)		505
Trade names	Indefinite			45,200		—			45,200		45,200		—			45,200
Total acquired intangible assets			$	302,681	$	(166,795	)	$	135,886	$	387,250	$	(239,562	)	$	147,688

Estimated Amortization Expense for the Remainder

Estimated amortization expense related to the Company’s finite-lived intangible assets for 2024 through 2028 and thereafter is as follows (in thousands):

Fiscal Year	Total Amortization Expense
2024	$	9,305
2025		9,263
2026		7,166
2027		6,860
2028		6,854
Thereafter		51,238
	$	90,686