Goodwill and Other Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021 and 2020 were as follows (in thousands)

	1/1/2021		Foreign currency translation			12/31/2021
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		441		(25	)		416
Total Goodwill	$	755,250	$	(25	)	$	755,225

	1/1/2020		Impairment charges [1]			Foreign currency translation		12/31/2020
U.S. Secure Services	$	316,366	$	—		$	—	$	316,366
Electronic Monitoring and Supervision Services		289,570		—			—		289,570
Reentry Services		170,019		(21,146	)		—		148,873
International Services		401		-			40		441
Total Goodwill	$	776,356	$	(21,146	)	$	40	$	755,250

[1] The Company recorded an impairment charge in its Reentry Services reporting unit for the year ended December 31, 2020.

Schedule of Intangible Assets

Intangible assets consisted of the following as of December 31, 2021 and 2020 (in thousands):

	Weighted		December 31, 2021							December 31, 2020
	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	$	308,369	$	(189,163	)	$	119,206	$	308,398	$	(168,848	)	$	139,550
Technology		7.3		33,700		(31,982	)		1,718		33,700		(30,703	)		2,997
Trade names	Indefinite			45,200		—			45,200		45,200		—			45,200
Total acquired intangible assets			$	387,269	$	(221,145	)	$	166,124	$	387,298	$	(199,551	)	$	187,747

Estimated Amortization Expense for the Remainder

Estimated amortization expense related to the Company’s finite-lived intangible assets for 2022 through 2026 and thereafter is as follows (in thousands):

Fiscal Year	Total Amortization Expense
2022	$	16,307
2023		13,484
2024		9,751
2025		9,263
2026		7,170
Thereafter		64,949
	$	120,924