Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by Operating Segment
Changes in the carrying amount of goodwill by segment for the three months ended March 31, 2023 were as follows (in thousands):
  Aviation Fleet Federal and Defense Total
Balance as of December 31, 2022 $ 154,072  $ 63,190  $ 31,575  $ 248,837 
Acquisitions 4,743  —  —  4,743 
Balance as of March 31, 2023 $ 158,815  $ 63,190  $ 31,575  $ 253,580 
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
  Gross carrying value Accumulated amortization Net carrying value
March 31, 2023
Contract and customer-related $ 210,091  $ (120,953) $ 89,138 
Trade names 8,670  (7,744) 926 
Total $ 218,761  $ (128,697) $ 90,064 
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 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of March 31, 2023, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year Ending
Remainder of 2023 $ 9,976 
2024 10,819 
2025 9,775 
2026 8,950 
2027 7,204 
Thereafter 43,340 
Total $ 90,064