| Goodwill by Operating Segment |
Changes in goodwill for the nine months ended September 30, 2021 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Fleet |
|
Federal and Defense |
|
Aviation |
|
Total |
| Balance as of December 31, 2020 |
|
$ |
63,190 |
|
|
$ |
30,883 |
|
|
$ |
144,053 |
|
|
$ |
238,126 |
|
| Increase from acquisitions |
|
— |
|
|
— |
|
|
2,700 |
|
|
2,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of September 30, 2021 |
|
$ |
63,190 |
|
|
$ |
30,883 |
|
|
$ |
146,753 |
|
|
$ |
240,826 |
|
|
| Schedule of Intangible Assets |
Intangible assets, net comprised the following (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Cost |
|
Accumulated Amortization |
|
Accumulated
Impairment Loss |
|
Net Intangible Assets |
| September 30, 2021 |
|
|
|
|
|
|
|
|
| Contract and customer-related |
|
$ |
240,452 |
|
|
$ |
(123,019) |
|
|
$ |
(3,814) |
|
|
$ |
113,619 |
|
| Acquired technologies |
|
12,400 |
|
|
(11,633) |
|
|
— |
|
|
767 |
|
| Trade names |
|
18,770 |
|
|
(16,115) |
|
|
— |
|
|
2,655 |
|
| Total |
|
$ |
271,622 |
|
|
$ |
(150,767) |
|
|
$ |
(3,814) |
|
|
$ |
117,041 |
|
|
|
|
|
|
|
|
|
|
| December 31, 2020 |
|
|
|
|
|
|
|
|
| Contract and customer-related |
|
$ |
213,194 |
|
|
$ |
(110,917) |
|
|
$ |
(3,814) |
|
|
$ |
98,463 |
|
| Acquired technologies |
|
12,400 |
|
|
(10,787) |
|
|
— |
|
|
1,613 |
|
| Trade names |
|
18,770 |
|
|
(15,251) |
|
|
— |
|
|
3,519 |
|
| Total |
|
$ |
244,364 |
|
|
$ |
(136,955) |
|
|
$ |
(3,814) |
|
|
$ |
103,595 |
|
|