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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2023
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, 2022 | $ | 1,188,076 |  |  | $ | 206,189 |  |  | $ | 76,548 |  |  | $ | 1,470,813 |
Foreign currency translation | (1,853) |  |  | 224 |  |  | 223 |  |  | (1,406) |
Balance, June 30, 2023 | $ | 1,186,223 |  |  | $ | 206,413 |  |  | $ | 76,771 |  |  | $ | 1,469,407 |
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 determined that more likely than not criteria had not been met, and therefore a Step One Analysis was not required as of June 30, 2023. Identifiable intangible assets consisted of the following (in thousands):
| June 30, 2023 |  | December 31, 2022
| Cost |  | Accumulated Amortization |  | Net |  | Cost |  | Accumulated Amortization |  | Net
Finite-lived intangibles |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 161,078 |  |  | $ | (117,087) |  |  | $ | 43,991 |  |  | $ | 162,358 |  |  | $ | (106,932) |  |  | $ | 55,426 |
Indefinite-lived intangibles |  |  |  |  |  |  |  |  |  |  |
Trademarks | 8,600 |  |  | — |  |  | 8,600 |  |  | 8,600 |  |  | — |  |  | 8,600 |
Total intangibles | $ | 169,678 |  |  | $ | (117,087) |  |  | $ | 52,591 |  |  | $ | 170,958 |  |  | $ | (106,932) |  |  | $ | 64,026 |
Amortization expense for other intangible assets is as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Amortization expense | $ | 5,773 |  |  | $ | 5,957 |  |  | $ | 11,588 |  |  | $ | 11,991 |
Finite-lived intangible assets, by reportable segment, as of June 30, 2023, will be amortized over their remaining lives as follows (in thousands):
| NAST |  | Global Forwarding |  | All Other and Corporate |  | Total
Remainder of 2023 | $ | 4,042 |  |  | $ | 4,482 |  |  | $ | 547 |  |  | $ | 9,071 |
2024 | 8,008 |  |  | 3,552 |  |  | 1,094 |  |  | 12,654 |
2025 | 7,857 |  |  | 2,314 |  |  | 1,094 |  |  | 11,265 |
2026 | 7,857 |  |  | 377 |  |  | 748 |  |  | 8,982 |
2027 | 1,310 |  |  | — |  |  | 501 |  |  | 1,811 |
Thereafter | — |  |  | — |  |  | 208 |  |  | 208 |
Total |  |  |  |  |  |  | $ | 43,991 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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