Goodwill and Intangible Assets (Tables)
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12 Months Ended |
Dec. 31, 2024 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill Activity |
Changes in the carrying amount of goodwill were as follows: | | | | | | | (in thousands) | Total | | Balance at December 31, 2022 | $ | 1,011,429 | | | Additions from acquisitions | 164,502 | | | Effects of movements in foreign exchange rates | 704 | | | Balance at December 31, 2023 | 1,176,635 | | | Additions from acquisitions | 26,948 | | | Effects of movements in foreign exchange rates | (2,230) | | | Balance at December 31, 2024 | $ | 1,201,353 | |
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| Schedule of Finite Lived Intangible Assets |
Intangible assets other than goodwill at December 31, consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | (in thousands) | Weighted average remaining life (in years) | | Gross carrying amount | | Impairment Loss | | Accumulated amortization | | Net book value | | Intangible assets subject to amortization: | | | | | | | | | | | Customer relationships | 3.5 | | $ | 215,408 | | | $ | — | | | $ | (113,415) | | | $ | 101,993 | | | Technology | 1.5 | | 1,500 | | | — | | | (1,125) | | | 375 | | | Trade names | 2.7 | | 165,500 | | | (132,540) | | | (9,164) | | | 23,796 | | | Indefinite-lived intangible assets: | | | | | | | | | | | Trade name – WillScot | | | 125,000 | | | — | | | — | | | 125,000 | | | Total intangible assets other than goodwill | | | $ | 507,408 | | | $ | (132,540) | | | $ | (123,704) | | | $ | 251,164 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | (in thousands) | Weighted average remaining life (in years) | | Gross carrying amount | | Accumulated amortization | | Net book value | | Intangible assets subject to amortization: | | | | | | | | | Customer relationships | 4.5 | | $ | 214,408 | | | $ | (84,324) | | | $ | 130,084 | | | Technology | 2.5 | | 1,500 | | | (875) | | | 625 | | | Indefinite-lived intangible assets: | | | | | | | | | Trade name - Mobile Mini | | | 164,000 | | | — | | | 164,000 | | | Trade name - WillScot | | | 125,000 | | | — | | | 125,000 | | | Total intangible assets other than goodwill | | | $ | 504,908 | | | $ | (85,199) | | | $ | 419,709 | |
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| Schedule of Indefinite Lived Intangible Assets |
Intangible assets other than goodwill at December 31, consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | (in thousands) | Weighted average remaining life (in years) | | Gross carrying amount | | Impairment Loss | | Accumulated amortization | | Net book value | | Intangible assets subject to amortization: | | | | | | | | | | | Customer relationships | 3.5 | | $ | 215,408 | | | $ | — | | | $ | (113,415) | | | $ | 101,993 | | | Technology | 1.5 | | 1,500 | | | — | | | (1,125) | | | 375 | | | Trade names | 2.7 | | 165,500 | | | (132,540) | | | (9,164) | | | 23,796 | | | Indefinite-lived intangible assets: | | | | | | | | | | | Trade name – WillScot | | | 125,000 | | | — | | | — | | | 125,000 | | | Total intangible assets other than goodwill | | | $ | 507,408 | | | $ | (132,540) | | | $ | (123,704) | | | $ | 251,164 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | (in thousands) | Weighted average remaining life (in years) | | Gross carrying amount | | Accumulated amortization | | Net book value | | Intangible assets subject to amortization: | | | | | | | | | Customer relationships | 4.5 | | $ | 214,408 | | | $ | (84,324) | | | $ | 130,084 | | | Technology | 2.5 | | 1,500 | | | (875) | | | 625 | | | Indefinite-lived intangible assets: | | | | | | | | | Trade name - Mobile Mini | | | 164,000 | | | — | | | 164,000 | | | Trade name - WillScot | | | 125,000 | | | — | | | 125,000 | | | Total intangible assets other than goodwill | | | $ | 504,908 | | | $ | (85,199) | | | $ | 419,709 | |
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| Schedule of Finite-Lived Intangible Assets Amortization Expense |
As of December 31, 2024, the expected future amortization expense for intangible assets is as follows: | | | | | | | (in thousands) | Amortization Expense | | 2025 | $ | 43,438 | | | 2026 | 37,093 | | | 2027 | 30,463 | | | 2028 | 14,920 | | | 2029 | 250 | | | | | Total | $ | 126,164 | |
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