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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2016
GOODWILL AND INTANGIBLE ASSETS |
Schedule of goodwill | Changes in the Company’s goodwill for the years ended December 31, 2016 and 2015 consist of the following (in millions):
|  | Goodwill |
|  | Ocean |  |  |  |  |  |  |
|  | Transportation |  | Logistics |  | Total |
Balance at December 31, 2014 |  | $ | 0.8 |  | $ | 26.6 |  | $ | 27.4 |
Additions - Horizon Acquisition |  |  | 214.2 |  |  | — |  |  | 214.2 |
Balance at December 31, 2015 |  |  | 215.0 |  |  | 26.6 |  |  | 241.6 |
Additions - Horizon Acquisition |  |  | 3.5 |  |  | — |  |  | 3.5 |
Additions - Span Alaska Acquisition |  |  | — |  |  | 78.6 |  |  | 78.6 |
Balance at December 31, 2016 |  | $ | 218.5 |  | $ | 105.2 |  | $ | 323.7 |
Schedule of intangible assets | Intangible assets as of December 31, 2016 include the following (in millions):
|  | Intangible Assets |
|  | Ocean |  |  |  |  |  |  |
|  | Transportation |  | Logistics |  | Total |
Gross Amount at December 31, 2015 |  | $ | 140.6 |  | $ | 10.8 |  | $ | 151.4 |
Additions - Span Alaska Acquisition |  |  | — |  |  | 106.6 |  |  | 106.6 |
Gross Amount at December 31, 2016 |  |  | 140.6 |  |  | 117.4 |  |  | 258.0 |
Accumulated Amortization |  |  | (11.0) |  |  | (10.4) |  |  | (21.4) |
Net Amount at December 31, 2016 |  | $ | 129.6 |  | $ | 107.0 |  | $ | 236.6 |
Additions to Logistics of $106.6 million during the year ended December 31, 2016, includes customer relationships and trade name intangible assets of $79.3 million and $27.3 million, respectively, acquired as part of the Span Alaska Acquisition (see Note 3). The Span Alaska customer relationships intangible assets are being amortized over 20 years. The trade name intangible asset has an indefinite useful life. Intangible assets as of December 31, 2016 consisted of customer relationships and trade name of $209.3 million, and $27.3 million, respectively. Intangible assets as of December 31, 2015 include the following (in millions):
|  | Intangible Assets |
|  | Ocean |  |  |  |  |  |  |
|  | Transportation |  | Logistics |  | Total |
Gross Amount at December 31, 2014 |  | $ | 0.6 |  | $ | 9.8 |  | $ | 10.4 |
Additions - Horizon Acquisition |  |  | 140.0 |  |  | — |  |  | 140.0 |
Additions - Other Acquisitions |  |  | — |  |  | 1.0 |  |  | 1.0 |
Gross Amount at December 31, 2015 |  |  | 140.6 |  |  | 10.8 |  |  | 151.4 |
Accumulated Amortization |  |  | (4.2) |  |  | (8.1) |  |  | (12.3) |
Net Amount at December 31, 2015 |  | $ | 136.4 |  | $ | 2.7 |  | $ | 139.1 |
Schedule of estimated amortization expenses related to intangible assets | As of December 31, 2016, estimated amortization expenses related to intangible assets – customer relationships during the next five years and thereafter are as follows (in millions):
|  | Customer |
Year |  | Relationships |
2017 |  | $ | 11.3 |
2018 |  |  | 11.2 |
2019 |  |  | 11.0 |
2020 |  |  | 11.0 |
2021 |  |  | 10.9 |
Thereafter |  |  | 153.9 |
Total |  | $ | 209.3 |

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