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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2023
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. The December 31, 2022 balance has been adjusted to reclassify the goodwill portion related to FleetNet of $0.6 million to discontinued operations. The remaining goodwill balance of $304.8 million at both March 31, 2023 and December 31, 2022, primarily relates to the Asset-Light segment acquisitions of MoLo and Panther. ​ Intangible assets consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | March 31, 2023 | ​ | December 31, 2022(1) |
​ | ​ | 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 | ​ | $ | 99,579 | ​ | $ | 45,040 | ​ | $ | 54,539 | ​ | $ | 99,579 | ​ | $ | 42,933 | ​ | $ | 56,646 | ​
Other | ​ | 8 | ​ | ​ | 29,998 | ​ | ​ | 6,215 | ​ | ​ | 23,783 | ​ | ​ | 29,914 | ​ | ​ | 5,127 | ​ | ​ | 24,787 | ​
​ |  | 11 | ​ |  | 129,577 | ​ |  | 51,255 | ​ |  | 78,322 | ​ | ​ | 129,493 | ​ |  | 48,060 | ​ |  | 81,433 | ​
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 | ​ | $ | 161,877 | ​ | $ | 51,255 | ​ | $ | 110,622 | ​ | $ | 161,793 | ​ | $ | 48,060 | ​ | $ | 113,733 | ​
(1) | The December 31, 2022 balances reflect the reclassification of intangibles of FleetNet to discontinued operations.
​ ​ The future amortization for intangible assets as of March 31, 2023, was as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | Amortization of |
​ | ​ | Intangible Assets |
​ | ​ | (in thousands) | ​
Remainder of 2023 | ​ | $ | 9,586 | ​
2024 | ​ |  | 12,778 | ​
2025 | ​ |  | 12,778 | ​
2026 | ​ |  | 8,671 | ​
2027 | ​ | ​ | 7,247 | ​
Thereafter | ​ | ​ | 27,262 | ​
Total amortization | ​ | $ | 78,322 | ​
​

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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