Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill and Other Intangible Assets (Tables)

v3.25.0.1
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Operating Segment
Changes in the carrying amount of goodwill by operating segment for the years ended December 31, 2024 and 2023 were as follows (in thousands):
  Fleet
Aviation
 Total
Balance as of December 31, 2022 $ 63,190  $ 154,072  $ 217,262 
Goodwill acquired —  134,519  134,519 
Balance as of December 31, 2023 $ 63,190  $ 288,591  $ 351,781 
Goodwill acquired —  140,804  140,804 
Measurement period adjustments —  (1,132) (1,132)
Balance as of December 31, 2024 $ 63,190  $ 428,263  $ 491,453 
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
  Cost Accumulated Amortization Net Intangible Assets
December 31, 2024
Contract and customer-related $ 272,590  $ (75,309) $ 197,281 
Trade names 8,670  (8,670) — 
Total $ 281,260  $ (83,979) $ 197,281 
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
The estimated future annual amortization expense related to intangible assets are as follows (in thousands):
Year Ending December 31,
2025 $ 24,520 
2026 24,349 
2027 22,602 
2028 21,768 
2029 21,706 
Thereafter 82,336 
Total $ 197,281