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GOODWILL AND INTANGIBLES ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

GOODWILL AND INTANGIBLES ASSETS

Schedule of goodwill

Goodwill by segment as of December 31, 2020 and 2019 consists of the following:

​	​	​	​	​	​	​	​	​	​
​	​	Ocean		​	​	​	​	​	​
(In millions)		Transportation			Logistics			Total
Goodwill	​	$	222.6	​	$	105.2	​	$	327.8

Schedule of intangible assets

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​

​

As of December 31, 2020

​

As of December 31, 2019

​

​

Gross

​

Accumulated

​

​

​

​

Gross

​

Accumulated

​

​

​

(In millions)

Amount

Amortization

Net Book Value

Amount

Amortization

Net Book Value

Ocean Transportation - Customer relationships

​

$

140.6

​

$

37.9

​

$

102.7

​

​

$

140.6

​

$

31.2

​

$

109.4

​

Logistics:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Customer relationships

​

​

90.1

​

​

28.1

​

​

62.0

​

​

​

90.1

​

​

23.9

​

​

66.2

​

Trade name

​

27.3

​

​

—

​

​

27.3

​

​

27.3

​

​

—

​

​

27.3

​

Total Logistics

​

117.4

​

​

28.1

​

​

89.3

​

​

117.4

​

​

23.9

​

​

93.5

​

Total

​

$

258.0

​

$

66.0

​

$

192.0

​

​

$

258.0

​

$

55.1

​

$

202.9

​

Schedule of intangible asset related amortization expense

​

​	​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
(In millions)		2020			2019			2018
Amortization expense	​	$	10.9	​	$	11.1	​	$	11.2	​

Schedule of estimated amortization expenses related to intangible assets

As of December 31, 2020, estimated amortization expense related to customer relationship intangible assets during the next five years and thereafter is as follows:

​	​	​	​	​
​	​	Customer		​
Year (in millions)	​	Relationships
2021	​	$	10.9	​
2022	​		10.7	​
2023	​		10.7	​
2024	​		10.7	​
2025	​		10.7	​
Thereafter	​		111.0	​
Total	​	$	164.7	​

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+ References

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-Topic 350
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