Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by Operating Segment
Changes in the carrying amount of goodwill by segment for the nine months ended September 30, 2023 were as follows (in thousands):
Aviation Fleet Total
Balance as of December 31, 2022 $ 154,072  $ 63,190  $ 217,262 
Acquisitions 128,464  —  128,464 
Balance as of September 30, 2023 $ 282,536  $ 63,190  $ 345,726 
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
Gross carrying value Accumulated amortization Net carrying value
September 30, 2023
Contract and customer-related $ 242,190  $ (123,675) $ 118,515 
Trade names 8,670  (8,320) 350 
Total $ 250,860  $ (131,995) $ 118,865 
December 31, 2022      
Contract and customer-related $ 199,140  $ (113,796) $ 85,344 
Trade names 8,670  (7,456) 1,214 
Total $ 207,810  $ (121,252) $ 86,558 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of September 30, 2023, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year Ending Amount
Remainder of 2023 $ 3,654 
2024 13,450 
2025 13,388 
2026 13,264 
2027 11,517 
Thereafter 63,592 
Total $ 118,865