Annual report [Section 13 and 15(d), not S-K Item 405]

INTANGIBLES

v3.25.0.1
INTANGIBLES
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLES INTANGIBLES
The Company’s intangible assets are reflected on the consolidated balance sheet in other long-term assets and are primarily related to SAR customer contracts under UK operations (including both intangible assets for UKSAR and the Falkland Islands customer contracts) and PBH maintenance agreements. Amortization expense of SAR customer contracts is included in depreciation and amortization expense on the consolidated statements of operations. Amortization expense of PBH intangible assets is included in operating expense on the consolidated statement of operations.
Intangible assets by type for the periods reflected below were as follows (in thousands):
SAR customer
 contracts		 PBH Total
Gross Carrying Amount
December 31, 2022 $ 62,871  $ 84,280  $ 147,151 
Translation 1,974  1,710  3,684 
December 31, 2023 $ 64,845  $ 85,990  $ 150,835 
Translation (303) (57) (360)
December 31, 2024 $ 64,542  $ 85,933  $ 150,475 
  Accumulated Amortization
December 31, 2022 $ (25,935) $ (55,401) $ (81,336)
Amortization expense (11,036) (10,020) (21,056)
December 31, 2023 $ (36,971) $ (65,421) $ (102,392)
Amortization expense (9,259) (9,882) (19,141)
December 31, 2024 $ (46,230) $ (75,303) $ (121,533)
Weighted average remaining contractual life, in years 2.2 12.1 5.9
Future amortization expense of intangible assets for periods ended December 31, is as follows (in thousands): 
SAR customer
 contracts		 PBH Total
2025 $ 8,727  $ 8,734  $ 17,461 
2026 8,612  259  8,871 
2027 779  259  1,038 
2028 194  259  453 
2029 —  239  239 
Thereafter —  880  880 
$ 18,312  $ 10,630  $ 28,942