| 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, 2026 |
|
|
|
|
|
|
|
|
|
|
Customer relationships |
|
6 to 11 |
|
5.7 |
|
$75,783 |
|
$(37,404) |
|
$38,379 |
Non-compete agreements |
|
5 |
|
1.9 |
|
10,916 |
|
(8,308) |
|
2,608 |
Trade name |
|
0.75 to 8 |
|
2.6 |
|
2,068 |
|
(1,596) |
|
472 |
Total amortizing |
|
|
|
|
|
88,767 |
|
(47,308) |
|
41,459 |
Trade name - non-amortizing |
|
Indefinite |
|
|
|
171 |
|
— |
|
171 |
Total |
|
|
|
|
|
$88,938 |
|
$(47,308) |
|
$41,630 |
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
Customer relationships |
|
6 to 11 |
|
6.1 |
|
$75,734 |
|
$(33,243) |
|
$42,491 |
Non-compete agreements |
|
5 |
|
2.1 |
|
10,806 |
|
(7,351) |
|
3,455 |
Trade name |
|
0.75 to 8 |
|
3.3 |
|
2,000 |
|
(1,512) |
|
488 |
Total amortizing |
|
|
|
|
|
88,540 |
|
(42,106) |
|
46,434 |
Trade name - non-amortizing |
|
Indefinite |
|
|
|
171 |
|
— |
|
171 |
Total |
|
|
|
|
|
$88,711 |
|
$(42,106) |
|
$46,605 |
|
|
|
|
|
|
|
|
|
|
|
|
| Summary of Goodwill |
Goodwill consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(dollar amounts in thousands) |
|
Mobile Modular |
|
|
Portable Storage |
|
|
Enviroplex |
|
|
Total |
|
Balance at December 31, 2025 |
|
$ |
319,574 |
|
|
$ |
11,212 |
|
|
$ |
1,798 |
|
|
$ |
332,584 |
|
Goodwill acquired through business combinations |
|
|
4,764 |
|
|
|
— |
|
|
|
— |
|
|
|
4,764 |
|
Balance at June 30, 2026 |
|
$ |
324,338 |
|
|
$ |
11,212 |
|
|
$ |
1,798 |
|
|
$ |
337,348 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|