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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2012
GOODWILL AND INTANGIBLE ASSETS  
Schedule of goodwill by reportable operating segment

 

 

 

 

 

 

Premium Logistics

 

 

 

 

 

Household Goods

 

and Expedited

 

 

 

 

 

Moving Services

 

Freight Services

 

Total   

 

 

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Balance December 31, 2011

 

 

$

3,660

 

 

 

$

 

 

$

3,660

 

Goodwill acquired – Panther

 

 

 

 

 

69,529

 

 

69,529

 

Balance December 31, 2012

 

 

$

3,660

 

 

 

$

69,529

 

 

$

73,189

 

 

Schedule of intangible assets

 

 

 

 

Weighted-Average

 

 

 

Accumulated

 

Net

 

 

 

Amortization Period

 

Cost

 

Amortization

 

Value

 

 

 

(in years)

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

14

 

 

$

43,500

 

 

$

1,683

 

 

$

41,817

 

Driver network

 

3

 

 

3,200

 

 

578

 

 

2,622

 

 

 

13

 

 

46,700

 

 

2,261

 

 

44,439

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

 

N/A

 

 

32,300

 

 

N/A

 

 

32,300

 

Other

 

N/A

 

 

2,822

 

 

N/A

 

 

2,822

 

 

 

 

 

 

35,122

 

 

N/A

 

 

35,122

 

Total intangible assets

 

N/A

 

 

$

81,822

 

 

$

2,261

 

 

$

79,561