Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill were as follows:

(dollar amounts in thousands)	Mobile Modular			Adler Tanks (Discontinued)			Total
Balance at December 31, 2021	$	106,491		$	25,902		$	132,393
Changes to Design Space purchase accounting		(88	)		—			(88	)
Balance at December 31, 2022		106,403			25,902			132,305
Goodwill acquired through business combination		218,951			—			218,951
Derecognition of goodwill divested		—			(25,902	)		(25,902	)
Balance at June 30, 2023	$	325,354		$	—		$	325,354

Summary of Intangible Assets

Intangible assets consist of the following:

(dollar amounts in thousands)	Estimated useful life in years	Average remaining life in years	Cost	Accumulated amortization	Net book value
June 30, 2023
Customer relationships	8 to 11	7.4	$68,678	$(12,852)	$55,826
Non-compete agreements	5	4.0	10,477	(2,085)	8,392
Trade name	0.75 to 8	4.2	2,000	(782)	1,218
Total amortizing			81,155	(15,719)	65,436
Trade name - non-amortizing	Indefinite		171	—	171
Total			$81,326	$(15,719)	$65,607
December 31, 2022
Customer relationships	8 to 11	6.3	$50,284	$(18,098)	$32,186
Non-compete agreements	5	3.2	3,296	(1,159)	2,137
Customer backlog	—	—	1,900	(1,900)	—
Trade name	8	6.3	1,200	(263)	937
Total amortizing			56,680	(21,420)	35,260
Trade name - non-amortizing	Indefinite		5,871	—	5,871
Total			$62,551	$(21,420)	$41,131