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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2023
Schedule of Amortization Expense | Amortization expense for the next five years is expected to be as follows (in thousands):
| Total |
Year 1 | $ | 34,448 |
Year 2 |  | 33,345 |
Year 3 |  | 30,645 |
Year 4 |  | 30,287 |
Year 5 |  | 27,385 |
Forward Air Final Mile Acquisition [Member] |
Schedule of Total Purchase Price Allocated to Net 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):
| December 20, 2023 |
Accounts receivable trade | $ | 28,574 |
Prepaid expenses and other current assets |  | 2,305 |
Property and equipment |  | 3,241 |
Right-of-use assets - operating leases |  | 15,003 |
Other intangibles |  | 134,456 |
Goodwill |  | 103,922 |
Other assets |  | 173 |
Total assets acquired | $ | 287,674 |
Accounts payable trade | $ | 155 |
Accounts payable other |  | 2,177 |
Accrued payroll |  | 1,271 |
Accrued other |  | 8,132 |
Lease liability - operating leases short-term |  | 6,145 |
Other long term liabilities |  | 19 |
Lease liability - operating leases long-term |  | 8,857 |
Total liabilities assumed | $ | 26,756 |
Total consideration | $ | 260,918 |
Cash paid, net | $ | 260,918 |
Schedule of Components of Other Intangibles Acquired | The components of “Other intangibles” listed in the above table as of the acquisition date are preliminarily estimated based on prior final mile acquisitions as follows (in thousands):
|  |  |  | Accumulated |  |  | Balance at |  |  | Estimated Useful
| Amount |  |  | Amortization |  |  | December 31, 2023 |  |  | Life
Customer relationships | $ | 127,733 |  |  | $ | 355 |  |  | $ | 127,378 |  |  | 15 years
Developed technology | $ | 6,723 |  |  | $ | 70 |  |  | $ | 6,653 |  |  | 4 years
Schedule of Amortization Expense | Amortization expense related to FAFM for the next five years is as follows (in thousands):
|  | Total |
2024 |  | $ | 10,196 |
2025 |  |  | 10,196 |
2026 |  |  | 10,196 |
2027 |  |  | 10,126 |
2028 |  |  | 8,516 |
Choptank Transport, LLC Member |
Schedule of Unaudited Pro forma Consolidated Results of Operations | The following unaudited pro forma consolidated results of operations present the effects of FAFM as though it had been acquired as of January 1, 2022 (in thousands, except for per share amounts):
| Twelve Months Ended |  |  | Twelve Months Ended |
| December 31, 2023 |  |  | December 31, 2022 |
Revenue | $ | 4,476,469 |  |  | $ | 5,634,259 |
Net income | $ | 192,371 |  |  | $ | 381,895 |
Earnings per share |  |  |  |  |
Basic | $ | 3.04 |  |  | $ | 5.75 |
Diluted | $ | 3.01 |  |  | $ | 5.69 |

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