XML 37 R18.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Intangible Assets, Net
 12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
 
 
December 31,
 
 
2019
 
2018
 
 
(In thousands)
Indefinite lived intangible assets — Trade name
 
$
8,731

 
$
8,731

Finite lived intangible assets:
 
 
 
 
Customer relationship intangibles
 
113,150

 
113,025

Other intangibles, primarily trade name
 
2,367

 
2,367

Accumulated amortization
 
(73,343
)
 
(65,048
)
Total
 
$
50,905

 
$
59,075


 
The Ryder trade name has been identified as having an indefinite useful life. Customer relationship intangibles are being amortized on a straight-line basis over their estimated useful lives, generally 7-19 years. We recognized amortization expense associated with finite lived intangible assets in 2019, 2018 and 2017 of $8 million, $8 million and $6 million, respectively. The future amortization expense for each of the five succeeding years related to all intangible assets that are currently reported in the Consolidated Balance Sheets is estimated to range from $6 - $8 million per year for 2020 - 2024.