XML 32 R22.htm IDEA: XBRL DOCUMENT

GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2021

GOODWILL AND INTANGIBLE ASSETS

Schedule of goodwill by reportable operating segment


		Total			ArcBest			FleetNet

		(in thousands)
Balances at December 31, 2020		$	88,320		$	87,690		$	630
Goodwill divested⁽¹⁾			(1,952)			(1,952)			—
Balances at June 30, 2021		$	86,368		$	85,738		$	630

(1)	Goodwill divested due to the sale of the labor services portion of the ArcBest segment’s moving business was determined based on the relative fair value of the business sold to the total fair value of the reporting unit.

Schedule of intangible assets


				June 30, 2021									December 31, 2020
		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		$	52,721		$	32,380		$	20,341		$	52,721		$	30,477		$	22,244
Other		13			1,010			567			443			980			543			437
		14			53,731			32,947			20,784			53,701			31,020			22,681
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		$	86,031		$	32,947		$	53,084		$	86,001		$	31,020		$	54,981

Schedule of future amortization for intangible assets


		Amortization of
		Intangible Assets
		(in thousands)
Remainder of 2021		$	1,911
2022			3,815
2023			3,722
2024			3,689
2025			3,674
Thereafter			3,973
Total amortization		$	20,784