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GOODWILL AND INTANGIBLES (Tables)

9 Months Ended

Sep. 30, 2021

GOODWILL AND INTANGIBLES

Schedule of goodwill

Goodwill by segment as of September 30, 2021 and December 31, 2020 consisted of the following:

​

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

​

​

Schedule of intangible assets

​

​	​	​	​	​	​	​	​
​	​	September 30,		​	December 31,		​
(In millions)		2021			2020		​
Customer Relationships:	​	​	​	​	​	​	​
Ocean Transportation	​	$	140.6	​	$	140.6	​
Logistics	​	​	90.1	​	​	90.1	​
Total	​	​	230.7	​	​	230.7	​
Less: Accumulated Amortization	​	​	(74.2)	​	​	(66.0)	​
Total Customer Relationships, net	​	​	156.5	​	​	164.7	​
Trade name – Logistics	​	​	27.3	​	​	27.3	​
Total Intangible Assets, net	​	$	183.8	​	$	192.0	​

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- References

No definition available.

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
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