GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The change in the carrying amount of goodwill is as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
December 31, 2018 balance	$	1,016,784	$	182,029	$	60,109	$	1,258,922
Acquisitions	—		25,892		7,771		33,663
Foreign currency translation	(1,214)		499		(110)		(825)
December 31, 2019 balance	1,015,570		208,420		67,770		1,291,760
Acquisitions	176,484		780		—		177,264
Foreign currency translation	11,918		4,782		1,463		18,163
December 31, 2020 balance	$	1,203,972	$	213,982	$	69,233	$	1,487,187

Goodwill is tested at least annually for impairment on November 30, or more frequently if events or changes in circumstances indicate that the asset might be impaired. We first perform a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting units is less than their respective carrying value (“Step Zero Analysis”). If the Step Zero Analysis indicates it is more likely than not that the fair value of our reporting units is less than their respective carrying value, an additional impairment assessment is performed (“Step One Analysis”). As part of our Step Zero Analysis, we considered the impacts of the novel coronavirus (“COVID-19”) pandemic on financial markets and our business operations and determined that the more likely than not criteria had not been met, and therefore a Step One Analysis was not required.

No goodwill or intangible asset impairment has been recorded in any previous or current period presented. Identifiable intangible assets consisted of the following at December 31 (in thousands):


	2020						2019
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Finite-lived intangibles
Customer relationships	$	171,684	$	(67,312)	$	104,372	$	237,335	$	(156,879)	$	80,456
Trademarks	1,875		(937)		938		—		—		—

Total finite-lived intangibles	173,559		(68,249)		105,310		237,335		(156,879)		80,456
Indefinite-lived intangibles
Trademarks	8,600		—		8,600		10,475		—		10,475
Total intangibles	$	182,159	$	(68,249)	$	113,910	$	247,810	$	(156,879)	$	90,931

Amortization expense for other intangible assets was (in thousands):


2020	$	36,225
2019	38,410
2018	36,886

Finite-lived intangible assets, by reportable segment, as of December 31, 2020, will be amortized over their remaining lives as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
2021	$	8,096	$	15,761	$	1,607	$	25,464
2022	8,096		15,761		669		24,526
2023	8,096		12,944		669		21,709
2024	8,008		3,918		669		12,595
2025	7,857		2,616		669		11,142
Thereafter	9,167		426		281		9,874
Total							$	105,310