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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2018
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:
|  | Total |  | ArcBest |  | FleetNet |
|  | (in thousands)
Balances December 31, 2016 |  | $ | 108,875 |  | $ | 108,245 |  | $ | 630 |
Goodwill divested(1) |  |  | (661) |  |  | (661) |  |  | — |
Purchase accounting adjustments |  |  | 106 |  |  | 106 |  |  | — |
Balances December 31, 2018 and 2017(2) |  | $ | 108,320 |  | $ | 107,690 |  | $ | 630 |
| (1) |  | Goodwill divested due to the sale of certain non-strategic businesses was determined based on the relative fair value of the businesses sold to the total fair value of the reporting unit.
| (2) |  | Goodwill was not adjusted during the year ended December 31, 2018.
Intangible assets consisted of the following as of December 31:
|  |  |  | 2018 |  | 2017 |
|  | 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 |  | $ | 60,431 |  | $ | 24,130 |  | $ | 36,301 |  | $ | 60,431 |  | $ | 19,745 |  | $ | 40,686 |
Other |  | 9 |  |  | 1,032 |  |  | 684 |  |  | 348 |  |  | 1,032 |  |  | 549 |  |  | 483 |
|  | 13 |  |  | 61,463 |  |  | 24,814 |  |  | 36,649 |  |  | 61,463 |  |  | 20,294 |  |  | 41,169 |
Indefinite-lived intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name |  | N/A |  |  | 32,300 |  |  | N/A |  |  | 32,300 |  |  | 32,300 |  |  | N/A |  |  | 32,300 |
Total intangible assets |  | N/A |  | $ | 93,763 |  | $ | 24,814 |  | $ | 68,949 |  | $ | 93,763 |  | $ | 20,294 |  | $ | 73,469 |
The future amortization for intangible assets and software acquired through business acquisitions as of December 31, 2018 were as follows:
|  |  |  |  | Intangible |  | Acquired |
|  | Total |  | Assets |  | Software(1) |
|  | (in thousands) |
2019 |  | $ | 5,463 |  | $ | 4,482 |  | $ | 981 |
2020 |  |  | 4,471 |  |  | 4,454 |  |  | 17 |
2021 |  |  | 4,418 |  |  | 4,412 |  |  | 6 |
2022 |  |  | 4,385 |  |  | 4,385 |  |  | — |
2023 |  |  | 4,287 |  |  | 4,287 |  |  | — |
Thereafter |  |  | 14,629 |  |  | 14,629 |  |  | — |
Total amortization |  | $ | 37,653 |  | $ | 36,649 |  | $ | 1,004 |
| (1) |  | Acquired software is reported in property, plant and equipment.
Annual impairment evaluations of goodwill and indefinite‑lived intangible assets were performed as of October 1, 2018 and 2017, and it was determined that there was no impairment of the recorded balances.

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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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