Intangible Assets

12 Months Ended

Dec. 31, 2021

Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure

Goodwill and Other Intangible Assets

Our intangible assets include goodwill, in-place leases, non-competition agreements, trademarks and trade names, customer relationships, franchise agreements and other intangible assets. These intangible assets are recorded in Goodwill and Other intangible assets, net on the Consolidated Balance Sheets.

Goodwill

The change in the carrying amount of goodwill is as follows (in thousands):

	December 31, 2019		Acquisitions		Other(1)		December 31, 2020		Acquisitions		Other(1)		December 31, 2021
Goodwill	$	—	$	428,128	$	705	$	428,833	$	36,738	$	29,782	$	495,353

(1) The measurement periods for the valuation of assets acquired and liabilities assumed end as soon as information on the facts and circumstances that existed as of the acquisition dates becomes available but do not exceed 12 months. Adjustments in purchase price allocations may require a change in the amounts allocated to goodwill during the periods in which the adjustments are determined. These purchase accounting adjustments are presented under Other in the table above.

The entire goodwill balance was allocated to the Marina segment as of December 31, 2021 and 2020.

Goodwill impairment - we performed qualitative and quantitative assessments in accordance with ASC 350-20, "Goodwill and Other." We determined that the fair value of the Marina reporting unit exceeded its carrying value as of December 31, 2021. As a result, there was no impairment of goodwill during the year ended December 31, 2021. We did not record any impairment of goodwill during the year ended December 31, 2020.

Other intangible assets, net

The gross carrying amounts and accumulated amortization of our intangible assets are as follows (in thousands):

		December 31, 2021				December 31, 2020
Other Intangible Asset	Useful Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
In-place leases	2 months - 13 years	$	162,611	$	(120,787)	$	145,531	$	(92,327)
Non-competition agreements	5 years	10,000		(2,000)		10,000		—
Trademarks and trade names	3 - 5 years	5,800		(888)		2,500		—
Customer relationships	6 - 15 years	122,378		(12,310)		108,000		(2,371)
Franchise agreements and other intangible assets	5.5 - 20 years	31,054		(5,770)		23,355		(3,578)
Total finite-lived assets		$	331,843	$	(141,755)	$	289,386	$	(98,276)
Indefinite-lived assets - Trademarks and trade names	N/A	114,190		—		114,000		—
Indefinite-lived assets - Other	N/A	2,477		—		501		—
Total indefinite-lived assets		$	116,667	$	—	$	114,501	$	—
Total		$	448,510	$	(141,755)	$	403,887	$	(98,276)

Amortization expenses related to our Other intangible assets are as follows (in thousands):

	Year Ended
Intangible Asset Amortization Expense	December 31, 2021		December 31, 2020		December 31, 2019
In-place leases	$	28,502	$	18,186	$	14,912
Non-competition agreements	2,000		—		—
Trademarks and trade names	888		—		—
Customer relationships	9,939		2,371		—
Franchise agreements and other intangible assets	2,167		822		818
Total	$	43,496	$	21,379	$	15,730

We anticipate amortization expense for Other intangible assets to be as follows for the next five years (in thousands):

	2022		2023		2024		2025		2026
In-place leases	$	14,460	$	9,535	$	6,663	$	5,815	$	3,093
Non-competition agreements	2,000		2,000		2,000		2,000		—
Trademarks and trade names	1,493		1,493		660		660		605
Customer relationships	13,238		13,238		13,238		13,238		13,238
Franchise agreements and other intangible assets	2,513		2,484		2,420		2,397		2,159
Total	$	33,704	$	28,750	$	24,981	$	24,110	$	19,095