XML 21 R9.htm IDEA: XBRL DOCUMENT
v3.21.1

GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended
--- | ---
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The change in carrying amount of goodwill is as follows (in thousands):
| NAST |  | Global Forwarding |  | All Other and Corporate |  | Total
Balance, December 31, 2020 | $ | 1,203,972 |  |  | $ | 213,982 |  |  | $ | 69,233 |  |  | $ | 1,487,187 |
Acquisitions | 243 |  |  | — |  |  | — |  |  | 243 |
Translation | (1,974) |  |  | (1,386) |  |  | (510) |  |  | (3,870) |
Balance March 31, 2021 | $ | 1,202,241 |  |  | $ | 212,596 |  |  | $ | 68,723 |  |  | $ | 1,483,560 |
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”). We considered whether there were any changes in circumstances indicating that our goodwill might be impaired, including consideration of the impacts of the novel coronavirus (“COVID-19”) on financial markets and our business operations, and determined the more likely than not criteria had not been met, and therefore a Step One Analysis was not required as of March 31, 2021. Identifiable intangible assets consisted of the following (in thousands):
| March 31, 2021 |  | December 31, 2020
| Cost |  | Accumulated Amortization |  | Net |  | Cost |  | Accumulated Amortization |  | Net
Finite-lived intangibles |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 170,223 |  |  | $ | (72,854) |  |  | $ | 97,369 |  |  | $ | 171,684 |  |  | $ | (67,312) |  |  | $ | 104,372 |
Trademarks | — |  |  | — |  |  | — |  |  | 1,875 |  |  | (937) |  |  | 938 |
Total finite-lived intangibles | 170,223 |  |  | (72,854) |  |  | 97,369 |  |  | 173,559 |  |  | (68,249) |  |  | 105,310 |
Indefinite-lived intangibles |  |  |  |  |  |  |  |  |  |  |
Trademarks | 8,600 |  |  | — |  |  | 8,600 |  |  | 8,600 |  |  | — |  |  | 8,600 |
Total intangibles | $ | 178,823 |  |  | $ | (72,854) |  |  | $ | 105,969 |  |  | $ | 182,159 |  |  | $ | (68,249) |  |  | $ | 113,910 |
Amortization expense for other intangible assets is as follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2021 |  | 2020
Amortization expense |  |  |  |  | $ | 7,086 |  |  | $ | 8,376 |
Finite-lived intangible assets, by reportable segment, as of March 31, 2021, will be amortized over their remaining lives as follows (in thousands):
| NAST |  | Global Forwarding |  | All Other and Corporate |  | Total
Remaining 2021 | $ | 6,132 |  |  | $ | 11,687 |  |  | $ | 479 |  |  | $ | 18,298 |
2022 | 8,096 |  |  | 15,582 |  |  | 639 |  |  | 24,317 |
2023 | 8,096 |  |  | 12,787 |  |  | 639 |  |  | 21,522 |
2024 | 7,944 |  |  | 3,815 |  |  | 639 |  |  | 12,398 |
2025 | 7,857 |  |  | 2,500 |  |  | 639 |  |  | 10,996 |
Thereafter | 9,167 |  |  | 406 |  |  | 265 |  |  | 9,838 |
Total |  |  |  |  |  |  | $ | 97,369 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration