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GOODWILL AND INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Mar. 31, 2022
GOODWILL AND INTANGIBLE ASSETS |
Schedule of goodwill by reportable operating segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Total |  | ArcBest |  | FleetNet |
​ | ​ | (in thousands)
Balances at December 31, 2021 |  | $ | 300,337 | ​ | $ | 299,707 | ​ | $ | 630 | ​
Purchase accounting adjustments(1) | ​ | ​ | (1,329) | ​ | ​ | (1,329) | ​ | ​ | — | ​
Balances at March 31, 2022 |  | $ | 299,008 |  | $ | 298,378 |  | $ | 630 |
(1) | Purchase accounting adjustments related to the MoLo acquisition represent adjustments to the acquired balance of working capital. As noted in Note C, goodwill related to the November 1, 2021 acquisition of MoLo is based on preliminary information as of March 31, 2022.
Schedule of intangible assets | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | March 31, 2022 | ​ | December 31, 2021 |
​ | ​ | 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 |  | 12 | ​ | $ | 100,321 | ​ | $ | 37,212 | ​ | $ | 63,109 | ​ | $ | 100,321 | ​ | $ | 35,072 | ​ | $ | 65,249 | ​
Other | ​ | 8 | ​ | ​ | 30,350 | ​ | ​ | 2,396 | ​ | ​ | 27,954 | ​ | ​ | 30,335 | ​ | ​ | 1,304 | ​ | ​ | 29,031 | ​
​ |  | 11 | ​ |  | 130,671 | ​ |  | 39,608 | ​ |  | 91,063 | ​ | ​ | 130,656 | ​ |  | 36,376 | ​ |  | 94,280 | ​
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 | ​ | $ | 162,971 | ​ | $ | 39,608 | ​ | $ | 123,363 | ​ | $ | 162,956 | ​ | $ | 36,376 | ​ | $ | 126,580 | ​
Schedule of future amortization for intangible assets | ​
​ | ​ | ​ | ​ | ​
​ |  | Amortization of |
​ | ​ | Intangible Assets |
​ | ​ | (in thousands) | ​
Remainder of 2022 | ​ | $ | 9,688 | ​
2023 | ​ |  | 12,826 | ​
2024 | ​ |  | 12,793 | ​
2025 | ​ |  | 12,778 | ​
2026 | ​ | ​ | 8,671 | ​
Thereafter | ​ | ​ | 34,307 | ​
Total amortization | ​ | $ | 91,063 | ​

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- Definition Tabular disclosure of intangibles assets, excluding goodwill, in total and by major class, including the gross carrying amount and accumulated amortization, if applicable. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. + References No definition available. + Details
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