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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Carrying Amount of Goodwill

The following table presents the carrying amount of goodwill (in thousands):

 

 

 

 

 

 

 

 

Hub Group

 

 

Hub

 

Mode

 

Total

 

Balance at January 1, 2013

$

233,862

 

$

29,389

 

$

263,251

 

Other

 

(219

)

-

 

 

(219

)

Balance at December 31, 2013

 

233,643

 

 

29,389

 

 

263,032

 

Other

 

(219

)

-

 

 

(219

)

Balance at December 31, 2014

$

233,424

 

$

29,389

 

$

262,813

 

 
Components of Other Intangible Assets

The components of the “Other intangible assets” are as follows (in thousands):

 

 

 

 

 

 

 

 

Accumulated

 

Net

 

 

 

 

Gross

 

Accumulated

 

Impairment

 

Carrying

 

 

 

As of December 31, 2014:

Amount

 

Amortization

 

Loss

 

Value

 

 

Life

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

5,181

 

$

(2,909

)

$

-

 

$

2,272

 

 

7-15  years

Trade name

 

2,904

 

 

-

 

 

(2,904

)

 

-

 

 

Indefinite

Relationships with owner operators

 

1,179

 

 

(1,179

)

 

-

 

 

-

 

 

2-6 years

Information technology

 

500

 

 

(500

)

 

-

 

 

-

 

 

6 years

Backlog/open orders

 

20

 

 

(20

)

 

-

 

 

-

 

 

1 month

Hub Total

$

9,784

 

$

(4,608

)

$

(2,904

)

$

2,272

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mode

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agency/customer relationships

$

15,362

 

$

(3,200

)

$

-

 

$

12,162

 

 

18  years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub Group Total

$

25,146

 

$

(7,808

)

$

(2,904

)

$

14,434

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

Net

 

 

 

 

Gross

 

Accumulated

 

Impairment

 

Carrying

 

 

 

As of December 31, 2013:

Amount

 

Amortization

 

Loss

 

Value

 

 

Life

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

5,181

 

$

(2,467

)

$

-

 

$

2,714

 

 

7-15  years

Trade name

 

2,904

 

 

-

 

 

(2,904

)

 

-

 

 

Indefinite

Relationships with owner operators

 

1,179

 

 

(1,179

)

 

-

 

 

-

 

 

2-6 years

Information technology

 

500

 

 

(500

)

 

-

 

 

-

 

 

6 years

Backlog/open orders

 

20

 

 

(20

)

 

-

 

 

-

 

 

1 month

Hub Total

$

9,784

 

$

(4,166

)

$

(2,904

)

$

2,714

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mode

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agency/customer relationships

$

15,362

 

$

(2,347

)

$

-

 

$

13,015

 

 

18  years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub Group Total

$

25,146

 

$

(6,513

)

$

(2,904

)

$

15,729

 

 

 

 
Components of Other Intangible Assets

The components of the “Other intangible assets” are as follows (in thousands):

 

 

 

 

 

 

 

 

Accumulated

 

Net

 

 

 

 

Gross

 

Accumulated

 

Impairment

 

Carrying

 

 

 

As of December 31, 2014:

Amount

 

Amortization

 

Loss

 

Value

 

 

Life

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

5,181

 

$

(2,909

)

$

-

 

$

2,272

 

 

7-15  years

Trade name

 

2,904

 

 

-

 

 

(2,904

)

 

-

 

 

Indefinite

Relationships with owner operators

 

1,179

 

 

(1,179

)

 

-

 

 

-

 

 

2-6 years

Information technology

 

500

 

 

(500

)

 

-

 

 

-

 

 

6 years

Backlog/open orders

 

20

 

 

(20

)

 

-

 

 

-

 

 

1 month

Hub Total

$

9,784

 

$

(4,608

)

$

(2,904

)

$

2,272

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mode

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agency/customer relationships

$

15,362

 

$

(3,200

)

$

-

 

$

12,162

 

 

18  years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub Group Total

$

25,146

 

$

(7,808

)

$

(2,904

)

$

14,434

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated

 

Net

 

 

 

 

Gross

 

Accumulated

 

Impairment

 

Carrying

 

 

 

As of December 31, 2013:

Amount

 

Amortization

 

Loss

 

Value

 

 

Life

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

5,181

 

$

(2,467

)

$

-

 

$

2,714

 

 

7-15  years

Trade name

 

2,904

 

 

-

 

 

(2,904

)

 

-

 

 

Indefinite

Relationships with owner operators

 

1,179

 

 

(1,179

)

 

-

 

 

-

 

 

2-6 years

Information technology

 

500

 

 

(500

)

 

-

 

 

-

 

 

6 years

Backlog/open orders

 

20

 

 

(20

)

 

-

 

 

-

 

 

1 month

Hub Total

$

9,784

 

$

(4,166

)

$

(2,904

)

$

2,714

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mode

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Agency/customer relationships

$

15,362

 

$

(2,347

)

$

-

 

$

13,015

 

 

18  years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub Group Total

$

25,146

 

$

(6,513

)

$

(2,904

)

$

15,729

 

 

 

 
Amortization Expense

Amortization expense for the next five years is as follows (in thousands):

 

 

 

 

 

 

 

 

Hub Group

 

 

Hub

 

Mode

 

Total

 

2015

$

442

 

$

853

 

$

1,295

 

2016

 

442

 

 

853

 

 

1,295

 

2017

 

442

 

 

853

 

 

1,295

 

2018

 

395

 

 

853

 

 

1,248

 

2019

 

255

 

 

853

 

 

1,108