v3.26.1
Goodwill and Other Intangible Assets, Net
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Other Intangible Assets, Net

NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS, NET

The changes in the goodwill carrying amount during the six months ended June 30, 2026, included:

 

(in thousands)

 

 

Balance as of December 31, 2025

$

150,414

 

Foreign currency translation adjustments(1)

 

1,087

 

Goodwill reported in current assets held for sale

 

(24,389

)

Balance as of June 30, 2026

$

127,112

 

(1)
Includes foreign currency translation adjustments included in unrealized foreign currency translation adjustments on the Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six months ended June 30, 2026, associated with the Company’s foreign subsidiary goodwill balances, including the goodwill balances of the Flyover Attractions.

Other intangible assets as of June 30, 2026, December 31, 2025, and June 30, 2025, consisted of the following:

 

 

 

 

June 30, 2026

 

 

December 31, 2025

 

 

June 30, 2025

 

(in thousands)

 

Remaining Useful Life
(Years)

 

Gross Carrying
Value

 

 

Accumulated
Amortization

 

 

Gross Carrying
Value

 

 

Accumulated
Amortization

 

 

Gross Carrying
Value

 

 

Accumulated
Amortization

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating contracts and licenses

 

25.2

 

$

55,667

 

 

$

(8,416

)

 

$

56,890

 

 

$

(7,864

)

 

$

58,292

 

 

$

(7,138

)

In-place lease

 

30.3

 

 

13,776

 

 

 

(2,662

)

 

 

14,243

 

 

 

(2,558

)

 

 

14,362

 

 

 

(2,392

)

Customer contracts and relationships

 

4.1

 

 

7,920

 

 

 

(3,189

)

 

 

7,859

 

 

 

(3,044

)

 

 

5,683

 

 

 

(2,777

)

Tradenames and other

 

3.3

 

 

1,511

 

 

 

(559

)

 

 

5,179

 

 

 

(3,721

)

 

 

5,211

 

 

 

(3,418

)

Total amortized intangible assets

 

 

 

 

78,874

 

 

 

(14,826

)

 

 

84,171

 

 

 

(17,187

)

 

 

83,548

 

 

 

(15,725

)

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradenames

 

 

 

 

5,447

 

 

 

 

 

 

5,000

 

 

 

 

 

 

 

 

 

 

Business licenses

 

 

 

 

3,663

 

 

 

 

 

 

3,665

 

 

 

 

 

 

3,592

 

 

 

 

Other intangible assets

 

 

 

$

87,984

 

 

$

(14,826

)

 

$

92,836

 

 

$

(17,187

)

 

$

87,140

 

 

$

(15,725

)

 

Intangible asset amortization expense (excluding amortization expense of ROU assets) was $0.7 million and $1.4 million during the three and six months ended June 30, 2026, respectively. Intangible asset amortization expense (excluding amortization expense of ROU assets) was $0.8 million and $1.5 million during the three and six months ended June 30, 2025, respectively.

As of June 30, 2026, the estimated future definite-lived intangible asset amortization expense includes:

(in thousands)

 

 

 

Year ending December 31,

 

 

 

Remainder of 2026

 

$

1,428

 

2027

 

 

2,772

 

2028

 

 

2,750

 

2029

 

 

2,640

 

2030

 

 

2,428

 

Thereafter

 

 

52,030

 

Total

 

$

64,048