v3.26.3
Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Changes in the Company's Goodwill Balances 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

 

 

 
Schedule of Intangible Assets 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

 
Estimated Amortization Expense for the Remainder

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