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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2024
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 goodwill balance of $304.8 million at both March 31, 2024 and December 31, 2023, primarily relates to the Asset-Light segment acquisitions of MoLo and Panther. ​ Intangible assets consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | March 31, 2024 | ​ | December 31, 2023 |
​ | ​ | 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 | ​ | $ | 53,463 | ​ | $ | 46,116 | ​ | $ | 99,579 | ​ | $ | 51,357 | ​ | $ | 48,222 | ​
Other | ​ | 8 | ​ | ​ | 30,158 | ​ | ​ | 10,634 | ​ | ​ | 19,524 | ​ | ​ | 30,151 | ​ | ​ | 9,523 | ​ | ​ | 20,628 | ​
​ |  | 11 | ​ |  | 129,737 | ​ |  | 64,097 | ​ |  | 65,640 | ​ | ​ | 129,730 | ​ |  | 60,880 | ​ |  | 68,850 | ​
Indefinite-lived intangible asset | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trade name |  | N/A | ​ |  | 32,300 | ​ |  | N/A | ​ |  | 32,300 | ​ | ​ | 32,300 | ​ |  | N/A | ​ |  | 32,300 | ​
​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total intangible assets |  | N/A | ​ | $ | 162,037 | ​ | $ | 64,097 | ​ | $ | 97,940 | ​ | $ | 162,030 | ​ | $ | 60,880 | ​ | $ | 101,150 | ​
​ ​ As of March 31, 2024, the future amortization for intangible assets acquired through business acquisitions were as follows: ​
​ | ​ | ​ | ​ | ​
​ |  | Amortization of |
​ | ​ | Intangible Assets |
​ | ​ | (in thousands) | ​
Remainder of 2024 | ​ | $ | 9,598 | ​
2025 | ​ |  | 12,798 | ​
2026 | ​ |  | 8,691 | ​
2027 | ​ |  | 7,266 | ​
2028 | ​ | ​ | 7,266 | ​
Thereafter | ​ | ​ | 20,021 | ​
Total amortization | ​ | $ | 65,640 | ​
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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