GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

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		—		10,754		10,997
Foreign currency translation	(7,894)		(2,668)		(1,423)		(11,985)
Balance September 30, 2021	$	1,196,321	$	211,314	$	78,564	$	1,486,199

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 ongoing impacts of the COVID-19

pandemic 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 September 30, 2021.

Identifiable intangible assets consisted of the following (in thousands):


	September 30, 2021						December 31, 2020
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Finite-lived intangibles
Customer relationships	$	169,540	$	(82,115)	$	87,425	$	171,684	$	(67,312)	$	104,372
Trademarks	—		—		—		1,875		(937)		938
Total finite-lived intangibles	169,540		(82,115)		87,425		173,559		(68,249)		105,310
Indefinite-lived intangibles
Trademarks	8,600		—		8,600		8,600		—		8,600
Total intangibles	$	178,140	$	(82,115)	$	96,025	$	182,159	$	(68,249)	$	113,910

Amortization expense for other intangible assets is as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Amortization expense	$	6,130	$	9,937	$	19,416	$	27,968

Finite-lived intangible assets, by reportable segment, as of September 30, 2021, will be amortized over their remaining lives as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Remaining 2021	$	2,024	$	3,738	$	293	$	6,055
2022	8,096		14,953		1,171		24,220
2023	8,096		12,304		1,171		21,571
2024	7,991		3,778		1,171		12,940
2025	7,857		2,479		1,171		11,507
Thereafter	9,168		403		1,561		11,132
Total							$	87,425