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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 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 $0.6 million of goodwill related to FleetNet to discontinued operations. The remaining goodwill balance of $304.8 million at both September 30, 2023 and December 31, 2022, primarily relates to the Asset-Light segment acquisitions of MoLo and Panther. ​ Intangible assets consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | September 30, 2023 | ​ | December 31, 2022 |
​ | ​ | 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 | ​ | $ | 49,251 | ​ | $ | 50,328 | ​ | $ | 99,579 | ​ | $ | 42,933 | ​ | $ | 56,646 | ​
Other | ​ | 8 | ​ | ​ | 30,092 | ​ | ​ | 8,432 | ​ | ​ | 21,660 | ​ | ​ | 29,914 | ​ | ​ | 5,127 | ​ | ​ | 24,787 | ​
​ |  | 11 | ​ |  | 129,671 | ​ |  | 57,683 | ​ |  | 71,988 | ​ | ​ | 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 | ​ | $ | 161,971 | ​ | $ | 57,683 | ​ | $ | 104,288 | ​ | $ | 161,793 | ​ | $ | 48,060 | ​ | $ | 113,733 | ​
​ ​ ​ As of September 30, 2023, the future amortization of intangible assets was as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | Amortization of |
​ | ​ | Intangible Assets |
​ | ​ | (in thousands) | ​
Remainder of 2023 | ​ | $ | 3,197 | ​
2024 | ​ |  | 12,790 | ​
2025 | ​ |  | 12,790 | ​
2026 | ​ |  | 8,683 | ​
2027 | ​ | ​ | 7,259 | ​
Thereafter | ​ | ​ | 27,269 | ​
Total amortization | ​ | $ | 71,988 | ​
​

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