XML 28 R17.htm IDEA: XBRL DOCUMENT v3.22.1
Intangibles
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles Intangibles
Intangible assets other than goodwill at the respective balance sheet dates consisted of the following:
March 31, 2022
(in thousands)Weighted average remaining life (in years)Gross carrying amountAccumulated amortizationNet book value
Intangible assets subject to amortization:
Mobile Mini customer relationships
6.4$209,000 $(45,277)$163,723 
Technology 4.31,500 (438)1,062 
Indefinite-lived intangible assets:
Trade name - Mobile Mini164,000 — 164,000 
Trade name - WillScot125,000 — 125,000 
Total intangible assets other than goodwill$499,500 $(45,715)$453,785 
December 31, 2021
(in thousands)Weighted average remaining life (in years)Gross carrying amountAccumulated amortizationNet book value
Intangible assets subject to amortization:
Mobile Mini customer relationships
6.6$209,000 $(38,447)$170,553 
Technology4.51,500 (375)1,125 
Indefinite-lived intangible assets:
Trade name - Mobile Mini164,000 — 164,000 
Trade name - WillScot125,000 — 125,000 
Total intangible assets other than goodwill$499,500 $(38,822)$460,678 
Amortization expense related to intangible assets was $6.6 million and $7.0 million for the three months ended March 31, 2022 and 2021, respectively.
Based on the carrying value at March 31, 2022, future amortization of intangible assets is expected to be as follows for the years ended December 31:
(in thousands)
2022 (remaining)$19,812 
202326,416 
202426,416 
202526,416 
202625,432 
Thereafter40,293 
Total$164,785