v3.26.1
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Changes in Carrying Amount of Goodwill by Reportable Segment

The following table presents the changes in the carrying amount of goodwill by reportable segment:

 

 

 

Commercial

 

 

Government

 

 

Parking

 

 

 

 

($ in thousands)

 

Services

 

 

Solutions

 

 

Solutions

 

 

Total

 

Balance at December 31, 2025

 

$

425,231

 

 

$

214,313

 

 

$

102,066

 

 

$

741,610

 

Goodwill impairment

 

 

 

 

 

 

 

 

(64,037

)

 

 

(64,037

)

Foreign currency translation adjustment

 

 

(1,170

)

 

 

423

 

 

 

 

 

 

(747

)

Balance at June 30, 2026

 

$

424,061

 

 

$

214,736

 

 

$

38,029

 

 

$

676,826

 

 

Schedule of Intangible Assets of Respective Period Ends

Intangible assets consist of the following as of the respective period-ends:

 

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

Gross

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Accumulated

 

($ in thousands)

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amortization

 

Trademarks

 

$

4,235

 

 

$

2,726

 

 

$

4,822

 

 

$

2,484

 

Patent

 

 

500

 

 

 

267

 

 

 

500

 

 

 

217

 

Customer relationships

 

 

523,333

 

 

 

438,747

 

 

 

559,256

 

 

 

412,488

 

Developed technology

 

 

36,303

 

 

 

23,946

 

 

 

40,656

 

 

 

21,404

 

Gross carrying value of intangible assets

 

 

564,371

 

 

$

465,686

 

 

 

605,234

 

 

$

436,593

 

Less: accumulated amortization

 

 

(465,686

)

 

 

 

 

 

(436,593

)

 

 

 

Intangible assets, net

 

$

98,685

 

 

 

 

 

$

168,641

 

 

 

 

 

Estimated Amortization Expense in Future Years

Estimated amortization expense in future years is expected to be:

 

($ in thousands)

 

 

 

Remainder of 2026

 

$

22,865

 

2027

 

 

21,165

 

2028

 

 

15,164

 

2029

 

 

14,202

 

2030

 

 

13,536

 

Thereafter

 

 

11,753

 

Total

 

$

98,685