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