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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2014
GOODWILL AND INTANGIBLE ASSETS  
Schedule of goodwill by reportable operating segment

 

 

Goodwill represents the excess of cost over the fair value of net identifiable tangible and intangible assets acquired. Goodwill by reportable operating segment consisted of the following:

 

 

 

Total

 

ABF Moving

 

Panther

 

FleetNet

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Balance December 31, 2012

 

$

73,189 

 

$

3,660 

 

$

69,529 

 

$

 

Purchase accounting adjustments

 

1,567 

 

 

1,567 

 

 

Goodwill acquired

 

1,692 

 

1,692 

 

 

 

Balances December 31, 2013

 

$

76,448 

 

$

5,352 

 

$

71,096 

 

$

 

Goodwill acquired

 

630 

 

 

 

630 

 

Balances December 31, 2014

 

$

77,078 

 

$

5,352 

 

$

71,096 

 

$

630 

 

 

Schedule of intangible assets

 

 

 

 

 

 

2014

 

2013

 

 

 

Weighted Average

 

 

 

Accumulated

 

Net

 

 

 

Accumulated

 

Net

 

 

 

Amortization Period

 

Cost

 

Amortization

 

Value

 

Cost

 

Amortization

 

Value

 

 

 

(in years)

 

(in thousands)

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

14 

 

$

44,242 

 

$

7,971 

 

$

36,271 

 

$

43,500 

 

$

4,790 

 

$

38,710 

 

Driver network

 

 

3,200 

 

2,711 

 

489 

 

3,200 

 

1,645 

 

1,555 

 

Other

 

 

1,032 

 

105 

 

927 

 

 

 

 

 

 

13 

 

48,474 

 

10,787 

 

37,687 

 

46,700 

 

6,435 

 

40,265 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

 

N/A

 

32,300 

 

N/A

 

32,300 

 

32,300 

 

N/A

 

32,300 

 

Other

 

N/A

 

2,822 

 

N/A

 

2,822 

 

2,822 

 

N/A

 

2,822 

 

 

 

 

 

35,122 

 

 

 

35,122 

 

35,122 

 

 

 

35,122 

 

Total intangible assets

 

N/A

 

$

83,596 

 

$

10,787 

 

$

72,809 

 

$

81,822 

 

$

6,435 

 

$

75,387