Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.4
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by Operating Segment
Changes in goodwill for the years ended December 31, 2022 and 2021 by operating segment were as follows (in thousands):
  Fleet Federal and Defense
Aviation (1)
Total
Balance as of December 31, 2020 $ 63,190  $ 30,883  $ 144,053  $ 238,126 
Goodwill acquired —  608  10,019  10,627 
Balance as of December 31, 2021 $ 63,190  $ 31,491  $ 154,072  $ 248,753 
Adjustments to goodwill —  84  —  84 
Balance as of December 31, 2022 $ 63,190  $ 31,575  $ 154,072  $ 248,837 
(1) As of December 2022 and 2021, the Aviation segment accumulated goodwill impairment loss was $30.9 million.
Intangible Assets
Intangible assets consisted of the following (in thousands):
  Cost Accumulated Amortization Net Intangible Assets
December 31, 2022
Contract and customer-related $ 206,291  $ (116,881) $ 89,410 
Trade names 8,670  (7,456) 1,214 
Total $ 214,961  $ (124,337) $ 90,624 
December 31, 2021      
Contract and customer-related $ 221,796  $ (116,385) $ 105,411 
Acquired technologies 12,400  (11,915) 485 
Trade names 8,670  (6,303) 2,367 
Total $ 242,866  $ (134,603) $ 108,263 
Future Amortization of Intangible Assets
The estimated future annual amortization expense related to intangible assets are as follows (in thousands):
Year Ending December 31,
2023 $ 13,639 
2024 10,059 
2025 9,015 
2026 8,190 
2027 6,444 
Thereafter 43,277 
Total $ 90,624