Acquisitions |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Acquisitions | Acquisitions During the six months ended June 30, 2026, the Company completed 28 acquisitions of outdoor advertising assets for a total cash purchase price of $101,935. Each of these asset acquisitions was accounted for under the acquisition method of accounting, and, accordingly, the accompanying condensed consolidated financial statements include the results of operations of each acquired entity from the date of acquisition. The acquisition purchase price has been allocated to assets and liabilities assumed based on preliminary fair market value estimates at the dates of acquisition. The following is a summary of the allocation of the purchase price in the above transactions.
Total acquired intangible assets for the six months ended June 30, 2026 were $79,999. The acquired intangible assets have a weighted average useful life of approximately 14.2 years. The intangible assets include customer lists and contracts of $7,979 (7 year weighted average useful life) and site locations of $71,269 (15 year weighted average useful life). The aggregate amortization expense related to the 2026 acquisitions for the six months ended June 30, 2026 was $2,163.
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