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Acquisition (Tables)

3 Months Ended

Mar. 31, 2019

CaseStack, Inc. [Member]

Summary of Total Purchase Price Allocated to Net Assets Acquired

The following table summarizes the total purchase price allocated to the net assets acquired (in thousands):

Cash paid	$	248,656
Deferred purchase consideration		3,469
Working capital adjustment		733
Total consideration	$	252,858

Preliminary Allocation of Total Consideration to Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the total consideration to the assets acquired and liabilities assumed as of the date of the acquisition (in thousands):

Accounts receivable trade	$	31,917
Prepaid expenses and other current assets		694
Property and equipment		3,247
Deferred tax assets		6,433
Goodwill		165,943
Other intangibles		75,600
Other assets		120
Total assets acquired	$	283,954
Accounts payable trade	$	24,542
Accrued payroll		2,811
Accrued other		3,743
Total liabilities assumed	$	31,096
Total consideration	$	252,858

Components of Other Intangibles Acquired

The components of “Other intangibles” listed in the above table as of the acquisition date are preliminarily estimated as follows (in thousands):

					Accumulated				Balance at				Estimated Useful
	Amount				Amortization				March 31, 2019				Life
Customer relationships - logistics services	$	65,600			$	2,187			$	63,413			10 years
Customer relationships - transportation services	$	8,700			$	580			$	8,120			5 years
Trade name	$	1,300			$	289			$	1,011			18 months

Amortization Expense

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

		Total
Remainder 2019		$	6,875
2020		$	8,661
2021		$	8,300
2022		$	8,300
2023		$	8,155

CaseStack, Inc. and Hub Group Dedicated [Member]

Unaudited Pro forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations presents the effects of CaseStack as though it had been acquired as of January 1, 2018 (in thousands, except for per share amounts):

	Three Months Ended
	March 31, 2018
Revenue	$	898,019
Income from continuing operations	$	13,315
Earnings per share (1)
Basic	$	0.40
Diluted	$	0.40

(1) Earnings per share is from continuing operations.

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