Goodwill and Other Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Company's Goodwill Balances

Changes in the Company’s goodwill balances recognized during the years ended December 31, 2022 and 2021 were as follows (in thousands):

	1/1/2022		Foreign currency translation			12/31/2022
U.S. Secure Services	$	316,366	$	—		$	316,366
Electronic Monitoring and Supervision Services		289,570		—			289,570
Reentry Services		148,873		—			148,873
International Services		416		(26	)		390
Total Goodwill	$	755,225	$	(26	)	$	755,199

	1/1/2021		Foreign currency translation			12/31/2021
U.S. Secure Services	$	316,366	$	—		$	316,366
Electronic Monitoring and Supervision Services		289,570		—			289,570
Reentry Services		148,873		—			148,873
International Services		441		(25	)		416
Total Goodwill	$	755,250	$	(25	)	$	755,225

Schedule of Intangible Assets

Intangible assets consisted of the following as of December 31, 2022 and 2021 (in thousands):

	Weighted		December 31, 2022							December 31, 2021
	Average Useful Life (years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Facility management contracts		16.3	$	308,350	$	(206,367	)	$	101,983	$	308,369	$	(189,163	)	$	119,206
Technology		7.3		33,700		(33,195	)		505		33,700		(31,982	)		1,718
Trade names	Indefinite			45,200		—			45,200		45,200		—			45,200
Total acquired intangible assets			$	387,250	$	(239,562	)	$	147,688	$	387,269	$	(221,145	)	$	166,124

Estimated Amortization Expense for the Remainder

Estimated amortization expense related to the Company’s finite-lived intangible assets for 2023 through 2027 and thereafter is as follows (in thousands):

Fiscal Year	Total Amortization Expense
2023	$	11,766
2024		9,314
2025		9,263
2026		7,170
2027		6,628
Thereafter		58,347
	$	102,488