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Acquisition (Tables) | 9 Months Ended
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Sep. 30, 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 | $ | 249,389 |
Deferred purchase consideration |  | 3,469 |
Total consideration | $ | 252,858 |
Preliminary Allocation of Total Consideration to Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the total consideration to the assets and liabilities assumed as of the date of the acquisition (in thousands):
Accounts receivable trade | $ | 31,896 |
Prepaid expenses and other current assets |  | 694 |
Property and equipment |  | 3,247 |
Deferred tax assets |  | 6,433 |
Goodwill |  | 166,070 |
Other intangibles |  | 75,600 |
Other assets |  | 120 |
Total assets acquired | $ | 284,060 |
Accounts payable trade | $ | 24,542 |
Accrued payroll |  | 2,811 |
Accrued other |  | 3,849 |
Total liabilities assumed | $ | 31,202 |
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 |  |  | September 30, 2019 |  |  | Life
Customer relationships - logistics services | $ | 65,600 |  |  | $ | 5,467 |  |  | $ | 60,133 |  |  | 10 years
Customer relationships - transportation services | $ | 8,700 |  |  | $ | 1,450 |  |  | $ | 7,250 |  |  | 5 years
Trade name | $ | 1,300 |  |  | $ | 722 |  |  | $ | 578 |  |  | 18 months
Amortization Expense | Amortization expense related to CaseStack for the next five years is as follows (in thousands):
|  | Total |
Remainder 2019 |  | $ | 2,292 |
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 |  |  | Nine Months Ended |
| September 30, 2018 |  |  | September 30, 2018 |
Revenue | $ | 996,848 |  |  | $ | 2,850,047 |
Income from continuing operations | $ | 27,788 |  |  | $ | 59,874 |
Earnings per share (1) |  |  |  |  |  |  |
Basic | $ | 0.83 |  |  | $ | 1.79 |
Diluted | $ | 0.83 |  |  | $ | 1.78 |
| (1) | Earnings per share is from continuing operations.

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