Goodwill and Other Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019 were as follows (in thousands)

	1/1/2020		Impairment charges [1]			Foreign currency translation		12/31/2020
U.S. Secure Services	$	316,366	$	—		$	—	$	316,366
GEO Care		459,589		(21,146	)		—		438,443
International Services		401		-			40		441
Total Goodwill	$	776,356	$	(21,146	)	$	40	$	755,250

[1] As discussed in Note 1 – Summary of Business Organization, Operations and Significant Policies, the Company performed its annual goodwill impairment testing on the first day of the fourth quarter of 2020. That testing indicated that there was a goodwill impairment in its community based reporting unit, which is included in the Company’s GEO Care reportable segment, and for which a quantitative analysis was performed. After the impairment charge, there is approximately $148.8 million of goodwill remaining in the community based reporting unit at December 31, 2020.

	1/1/2019		Foreign currency translation			12/31/2019
U.S. Secure Services	$	316,366	$	—		$	316,366
GEO Care		459,589		—			459,589
International Services		404		(3	)		401
Total Goodwill	$	776,359	$	(3	)	$	776,356

Schedule of Intangible Assets

Intangible assets consisted of the following as of December 31, 2020 and 2019 (in thousands):

	Weighted		December 31, 2020							December 31, 2019
	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	$	308,398	$	(168,848	)	$	139,550	$	308,432	$	(148,171	)	$	160,261
Technology		7.3		33,700		(30,703	)		2,997		33,700		(29,091	)		4,609
Trade names	Indefinite			45,200		—			45,200		45,200		—			45,200
Total acquired intangible assets			$	387,298	$	(199,551	)	$	187,747	$	387,332	$	(177,262	)	$	210,070

Estimated Amortization Expense for the Remainder

Estimated amortization expense related to the Company’s finite-lived intangible assets for 2021 through 2025 and thereafter is as follows (in thousands):

Fiscal Year	Total Amortization Expense
2021	$	21,189
2022		16,705
2023		13,481
2024		9,748
2025		9,696
Thereafter		71,728
	$	142,547