Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2023
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, 2023 were as follows (in thousands):
  Aviation Fleet Total
Balance as of December 31, 2022 $ 154,072  $ 63,190  $ 217,262 
Acquisitions 4,761  —  4,761 
Balance as of June 30, 2023 $ 158,833  $ 63,190  $ 222,023 
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
  Gross carrying value Accumulated amortization Net carrying value
June 30, 2023
Contract and customer-related $ 202,940  $ (120,760) $ 82,180 
Trade names 8,670  (8,032) 638 
Total $ 211,610  $ (128,792) $ 82,818 
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 June 30, 2023, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year Ending
Remainder of 2023 $ 5,114 
2024 9,136 
2025 9,074 
2026 8,950 
2027 7,204 
Thereafter 43,340 
Total $ 82,818