The Company has recorded goodwill as a result of its various business combinations. Goodwill is recorded as the difference, if any, between the aggregate consideration paid for an acquisition and the fair value of the tangible assets and intangible assets acquired net of liabilities assumed, including noncontrolling interests. Changes in the Company's goodwill balances from January 1, 2026 to September 30, 2026 are as follows (in thousands):


	January 1, 2026		Foreign Currency Translation		September 30, 2026
U.S. Secure Services	$	316,366	$	—	$	316,366
Electronic Monitoring and Supervision Services		289,570		—		289,570
Reentry Services		148,873		—		148,873
International Services		1,219		16		1,235
Total Goodwill	$	756,028	$	16	$	756,044

The Company has also recorded other finite and indefinite-lived intangible assets as a result of its various business combinations. The Company's intangible assets include facility management contracts and trade names and technology, as follows (in thousands):


	September 30, 2026									December 31, 2025
	Weighted Average Useful Life (years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Facility management contracts		17.3	$	223,777	$	(157,105	)	$	66,672	$	223,798	$	(151,666	)	$	72,132
Trade names	Indefinite			45,200		—			45,200		45,200		—			45,200
Total acquired intangible assets			$	268,977	$	(157,105	)	$	111,872	$	268,998	$	(151,666	)	$	117,332

Amortization expense was $1.8 million and $2.3 million for the three months ended September 30, 2026 and 2025, respectively. Amortization expense was $5.5 million and $6.9 million for the nine months ended September 30, 2026 and 2025, respectively. The Company records the costs associated with renewal and extension of facility management contracts as expenses in the period they are incurred. As of September 30, 2026, the weighted average period before the next contract renewal or extension for the acquired facility management contracts was approximately 1.2 years.

Estimated amortization expense related to the Company's finite-lived intangible assets for the remainder of 2026 through 2030 and thereafter is as follows (in thousands):


Fiscal Year	Total Amortization Expense
Remainder of 2026	$	1,805
2027		6,853
2028		6,853
2029		6,852
2030		6,853
Thereafter		37,456
	$	66,672