XML 25 R12.htm IDEA: XBRL DOCUMENT
v3.3.1.900

GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2015
GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETS | NOTE D – GOODWILL AND INTANGIBLE ASSETS 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:
|  |  |  |  |  |  |  | ABF |  | ABF |  |  |  |
|  | Total |  | Panther |  | Moving |  | Logistics |  | FleetNet |
|  | (in thousands) |
Balances December 31, 2013 |  | $ | 76,448 |  | $ | 71,096 |  | $ | 5,352 |  | $ | — |  | $ | — |
Goodwill acquired(1) |  |  | 630 |  |  | — |  |  | — |  |  | — |  |  | 630 |
Balances December 31, 2014 |  | $ | 77,078 |  | $ | 71,096 |  | $ | 5,352 |  | $ | — |  | $ | 630 |
Goodwill acquired(2) |  |  | 19,387 |  |  | — |  |  | — |  |  | 19,387 |  |  | — |
Balances December 31, 2015 |  | $ | 96,465 |  | $ | 71,096 |  | $ | 5,352 |  | $ | 19,387 |  | $ | 630 |
| (1) |  | Goodwill of $0.6 million related to the April 30, 2014 FleetNet acquisition is expected to be fully deductible for tax purposes.
| (2) |  | Goodwill of $4.2 million and $15.2 million related to the January 2, 2015 acquisition of Smart Lines and the December 1, 2015 acquisition of Bear, respectively, is expected to be fully deductible for tax purposes. The fair value assessment of assets and liabilities acquired with Bear was based on preliminary information as of December 31, 2015.
Intangible assets consisted of the following as of December 31:
|  |  |  | 2015 |  | 2014 |
|  | 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(1) |  | 13 |  | $ | 52,221 |  | $ | 11,331 |  | $ | 40,890 |  | $ | 44,242 |  | $ | 7,971 |  | $ | 36,271 |
Driver network |  | 3 |  |  | 3,200 |  |  | 3,200 |  |  | — |  |  | 3,200 |  |  | 2,711 |  |  | 489 |
Other |  | 8 |  |  | 1,032 |  |  | 257 |  |  | 775 |  |  | 1,032 |  |  | 105 |  |  | 927 |
|  | 13 |  |  | 56,453 |  |  | 14,788 |  |  | 41,665 |  |  | 48,474 |  |  | 10,787 |  |  | 37,687 |
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 |  | $ | 91,575 |  | $ | 14,788 |  | $ | 76,787 |  | $ | 83,596 |  | $ | 10,787 |  | $ | 72,809 |
| (1) |  | Customer relationships include $7.3 million related to the December 1, 2015 acquisition of Bear. The fair value assessment of assets and liabilities acquired with Bear was based on preliminary information as of December 31, 2015.
Amortization expense on intangible assets totaled $4.0 million, $4.4 million, and $4.2 million for the year ended December 31, 2015, 2014, and 2013 respectively. As of December 31, 2015, amortization expense on intangible assets (excluding acquired software which is reported within property, plant and equipment) is anticipated to range between $4.0 million and $4.2 million per year for the years ended December 31, 2016 through 2020. Acquired software (reported in property, plant and equipment) is being amortized on a straight‑line basis over seven years, which resulted in $4.5 million of amortization expense in 2015 and 2014 and is expected to result in $4.5 million of annual amortization expense for the years ended December 31, 2016 through 2018 and $2.1 million for the year ended December 31, 2019. Annual impairment evaluations of goodwill and indefinite‑lived intangible assets were performed as of October 1, 2015 and 2014, and it was determined that there was no impairment of the recorded balances.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration