(1)	Goodwill acquired relates to the acquisition of MoLo (see Note D).

(2)	Goodwill divested due to the sale of the labor services portion of the ArcBest segment’s moving business in second quarter 2021 was determined based on the relative fair value of the business sold to the total fair value of the reporting unit.

(3)	As noted in Note D, purchase accounting adjustments related to the MoLo acquisition represent adjustments to the acquired balance of working capital, and goodwill related to the November 1, 2021 acquisition of MoLo.

The Company performs the annual impairment evaluation of the goodwill balance of its reporting units, each October 1. As of October 1, 2022, the Company’s assessment of qualitative factors, including performance of the reporting units compared to prior periods, macroeconomic factors, industry considerations, and the Company’s market capitalization, led to a conclusion that goodwill was not impaired. As of October 1, 2022 and 2021, the annual impairment evaluation determined there was no impairment of the goodwill balance.

Intangible assets consisted of the following as of December 31:


		2022						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	$	43,627	$	56,694	$	100,321	$	35,072	$	65,249
Other	8		30,471		5,669		24,802		30,335		1,304		29,031
	11		130,792		49,296		81,496		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	$	163,092	$	49,296	$	113,796	$	162,956	$	36,376	$	126,580

The annual impairment evaluation of indefinite-lived intangible assets was performed as of October 1, 2022 and 2021, and it was determined that there was no impairment of the recorded balances.

As of December 31, 2022, the future amortization for intangible assets acquired through business acquisitions were as follows:


	Amortization of
	Intangible Assets
	(in thousands)
2023	$	12,826
2024		12,793
2025		12,778
2026		8,671
2027		7,247
Thereafter		27,181
Total amortization	$	81,496