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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2022
GOODWILL AND INTANGIBLE ASSETS |
Schedule of goodwill | Goodwill by segment consists of the following as of December 31, 2022 and 2021:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Ocean | ​ | ​ | ​ | ​ | ​ | ​
(In millions) |  | Transportation |  | Logistics |  | Total
Goodwill | ​ | $ | 222.6 | ​ | $ | 105.2 | ​ | $ | 327.8
​
Schedule of intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2022 |  | ​ | As of December 31, 2021 |
​ | ​ | Gross | ​ | Accumulated | ​ | ​ | ​ |  | ​ | Gross | ​ | Accumulated | ​ | ​ | ​ |
(In millions) |  | Amount |  | Amortization |  | Net Book Value |  |  | Amount |  | Amortization |  | Net Book Value |
Ocean Transportation - Customer relationships | ​ | $ | 140.6 | ​ | $ | 51.2 | ​ | $ | 89.4 | ​ | ​ | $ | 140.6 | ​ | $ | 44.6 | ​ | $ | 96.0 | ​
Logistics: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer relationships | ​ | ​ | 95.3 | ​ | ​ | 37.1 | ​ | ​ | 58.2 | ​ | ​ | ​ | 90.1 | ​ | ​ | 32.3 | ​ | ​ | 57.8 | ​
Trade name | ​ |  | 27.3 | ​ | ​ | — | ​ | ​ | 27.3 | ​ | ​ |  | 27.3 | ​ | ​ | — | ​ | ​ | 27.3 | ​
Total Logistics | ​ |  | 122.6 | ​ | ​ | 37.1 | ​ | ​ | 85.5 | ​ | ​ |  | 117.4 | ​ | ​ | 32.3 | ​ | ​ | 85.1 | ​
Total | ​ | $ | 263.2 | ​ | $ | 88.3 | ​ | $ | 174.9 | ​ | ​ | $ | 258.0 | ​ | $ | 76.9 | ​ | $ | 181.1 | ​
​
Schedule of intangible asset related amortization expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31, |
(In millions) |  | 2022 |  | 2021 |  | 2020 |
Amortization expense | ​ | $ | 11.4 | ​ | $ | 10.9 | ​ | $ | 10.9 | ​
​
Schedule of estimated amortization expenses related to intangible assets | As of December 31, 2022, estimated amortization expense related to customer relationship intangible assets during the next five years and thereafter are as follows:
​ | ​ | ​ | ​ | ​
​ | ​ | Customer | ​
Year (in millions) | ​ | Relationships |
2023 | ​ | $ | 12.4 | ​
2024 | ​ |  | 12.4 | ​
2025 | ​ |  | 11.5 | ​
2026 | ​ |  | 10.7 | ​
2027 | ​ |  | 10.7 | ​
Thereafter | ​ |  | 89.9 | ​
Total | ​ | $ | 147.6 | ​

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