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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table presents goodwill by segment (in thousands):
| TTS |  | Werner Logistics |  | Total
Balance as of December 31, 2022 | $ | 53,897 |  |  | $ | 78,820 |  |  | $ | 132,717 |
Purchase accounting adjustments (1) | (7,841) |  |  | 4,228 |  |  | (3,613) |
Balance as of December 31, 2023 | $ | 46,056 |  |  | $ | 83,048 |  |  | $ | 129,104 |
Balance as of December 31, 2024 | $ | 46,056 |  |  | $ | 83,048 |  |  | $ | 129,104 |
(1) The purchase accounting adjustments consist of post-closing adjustments related to net assets assumed in the acquisition of ReedTMS.
Schedule of Acquired Intangible Assets | The following table presents acquired intangible assets (in thousands):
| December 31,
| 2024 |  | 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Customer relationships | $ | 80,200 |  |  | $ | (22,009) |  |  | $ | 58,191 |  |  | $ | 80,200 |  |  | $ | (13,989) |  |  | $ | 66,211 |
Trade names | 24,600 |  |  | (6,384) |  |  | 18,216 |  |  | 24,600 |  |  | (4,334) |  |  | 20,266 |
Total intangible assets | $ | 104,800 |  |  | $ | (28,393) |  |  | $ | 76,407 |  |  | $ | 104,800 |  |  | $ | (18,323) |  |  | $ | 86,477 |
Schedule of Future Amortization Expense of Intangible Assets | As of December 31, 2024, the estimated future amortization expense for intangible assets by year is as follows (in thousands):
2025 | $ | 10,070 |
2026 | 10,070 |
2027 | 10,070 |
2028 | 10,070 |
2029 | 10,070 |
Thereafter (to 2034) | 26,057 |
Total | $ | 76,407 |

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