Location contract assets acquired in business acquisitions are recorded at fair value based on an income approach. Location contracts acquired consisted of the following as of June 30, 2026 and December 31, 2025 (in thousands):


	June 30, 2026		December 31, 2025
Cost	$	343,090	$	335,029
Accumulated amortization	(158,899)		(148,623)
Location contracts acquired, net	$	184,191	$	186,406

Amortization expense of location contracts acquired was $5.1 million and $10.3 million for the three and six months ended June 30, 2026, respectively. In comparison, amortization expense of route and customer costs was $5.0 million and $10.1 million for the three and six months ended June 30, 2025, respectively.