Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

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Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by Operating Segment
Changes in the carrying amount of goodwill by segment for the six months ended June 30, 2024 were as follows (in thousands):
Aviation Fleet Total
Balance as of December 31, 2023 $ 288,591  $ 63,190  $ 351,781 
Acquisitions 40,093  —  40,093 
Measurement period adjustment (1,739) —  (1,739)
Balance as of June 30, 2024 $ 326,945  $ 63,190  $ 390,135 
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
Cost
Accumulated Amortization
Net Intangible Assets
June 30, 2024
Contract and customer-related $ 230,690  $ (65,301) $ 165,389 
Trade names 8,670  (8,670) — 
Total $ 239,360  $ (73,971) $ 165,389 
December 31, 2023      
Contract and customer-related $ 241,090  $ (127,022) $ 114,068 
Trade names 8,670  (8,608) 62 
Total $ 249,760  $ (135,630) $ 114,130 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of June 30, 2024, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year Ending Amount
Remainder of 2024 $ 9,618 
2025 19,235 
2026 19,111 
2027 17,365 
2028 16,531 
Thereafter 83,529 
Total $ 165,389