Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Operating Segment
Changes in the carrying amount of goodwill by segment for the nine months ended September 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 (1,238) —  (1,238)
Balance as of September 30, 2024 $ 327,446  $ 63,190  $ 390,636 
Schedule of Intangible Assets
Intangible assets consisted of the following (in thousands):
Cost
Accumulated Amortization
Net Intangible Assets
September 30, 2024
Contract and customer-related $ 230,690  $ (70,110) $ 160,580 
Trade names 8,670  (8,670) — 
Total $ 239,360  $ (78,780) $ 160,580 
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 September 30, 2024, the estimated future annual amortization expense related to intangible assets is as follows (in thousands):
Year Ending Amount
Remainder of 2024 $ 4,809 
2025 19,235 
2026 19,111 
2027 17,365 
2028 16,531 
Thereafter 83,529 
Total $ 160,580