| Schedule of Changes in the Carrying Amount of Goodwill |
Changes in the carrying amount of goodwill by reportable segment were as follows: | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Franchise | | Corporate-owned Clubs | | Equipment | | Amount | Goodwill at December 31, 2025 | $ | 16,938 | | | $ | 602,846 | | | $ | 92,666 | | | $ | 712,450 | | Acquisitions | — | | | — | | | — | | | — | | | Sale of corporate-owned clubs | — | | | — | | | — | | | — | | Foreign currency translation | — | | | (119) | | | — | | | (119) | | Goodwill at June 30, 2026 | $ | 16,938 | | | $ | 602,727 | | | $ | 92,666 | | | $ | 712,331 | |
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| Schedule of Intangible Assets |
A summary of intangible assets is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | (in thousands) | Gross
carrying
amount | | Accumulated
amortization | | Net carrying
Amount | | Gross
carrying
amount | | Accumulated
amortization | | Net carrying
Amount | | Finite-lived intangible assets: | | | | | | | | | | | | | Customer relationships | $ | 199,043 | | | $ | (187,651) | | | $ | 11,392 | | | $ | 199,043 | | | $ | (186,199) | | | $ | 12,844 | | | Reacquired franchise rights | 274,708 | | | (162,134) | | | 112,574 | | | 274,708 | | | (147,547) | | | 127,161 | | | Total finite-lived intangible assets | 473,751 | | | (349,785) | | | 123,966 | | | 473,751 | | | (333,746) | | | 140,005 | | | Indefinite-lived intangible assets: | | | | | | | | | | | | | Trade and brand names | 146,404 | | | — | | | 146,404 | | | 146,404 | | | — | | | 146,404 | | | Total intangible assets | $ | 620,155 | | | $ | (349,785) | | | $ | 270,370 | | | $ | 620,155 | | | $ | (333,746) | | | $ | 286,409 | |
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| Schedule of Amortization Expense |
The anticipated amortization expense related to intangible assets to be recognized in future periods as of June 30, 2026 is as follows: | | | | | | (in thousands) | Amount | | Remainder of 2026 | $ | 16,040 | | | 2027 | 27,956 | | | 2028 | 27,300 | | | 2029 | 23,675 | | | 2030 | 17,920 | | | Thereafter | 11,075 | | | Total | $ | 123,966 | |
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