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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure | GOODWILL AND INTANGIBLE ASSETS The following table summarizes changes in the carrying amount of goodwill by segment for the year ended December 31, 2021 (in thousands):
| TTS |  | Werner Logistics |  | Total
Balance as of December 31, 2020 | $ | — |  |  | $ | — |  |  | $ | — |
Goodwill recorded in acquisition of ECM | 44,710 |  |  | — |  |  | 44,710 |
Goodwill recorded in acquisition of NEHDS | — |  |  | 36,534 |  |  | 36,534 |
Purchase accounting adjustments (1) | (6,626) |  |  | — |  |  | (6,626) |
Balance as of December 31, 2021 | $ | 38,084 |  |  | $ | 36,534 |  |  | $ | 74,618 |
(1) The purchase accounting adjustments are primarily attributable to post-closing adjustments related to assets assumed in, and the redeemable noncontrolling interest associated with, the acquisition of ECM. Acquired intangible assets consists of the following as of December 31, 2021 (in thousands):
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 40,200 |  |  | $ | (1,177) |  |  | $ | 39,023 |
Trade names | 17,000 |  |  | (708) |  |  | 16,292 |
Total intangible assets | $ | 57,200 |  |  | $ | (1,885) |  |  | $ | 55,315 |
No acquired intangible assets were recorded on the consolidated balance sheet as of December 31, 2020. Amortization expense on intangible assets was $1.9 million for the year ended December 31, 2021. As of December 31, 2021, the estimated future amortization expense for intangible assets by year is as follows (in thousands):
| Estimated Amortization Expense
2022 | $ | 5,437 |
2023 | 5,437 |
2024 | 5,437 |
2025 | 5,437 |
2026 | 5,437 |
Thereafter (to 2033) | 28,130 |
Total | $ | 55,315 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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