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Acquisitions and Goodwill (Tables) | 6 Months Ended
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Jun. 30, 2019
Goodwill [Line Items] |
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block] | The weighted average assumptions used in the Monte Carlo simulation are summarized in the following table:
| FSA Earn-out
Risk-free rate | 2.4%
Revenue discount rate | 8.5%
Revenue volatility | 9.0%
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The following table presents the allocation of the FSA purchase price to the assets acquired and liabilities assumed based on their estimated fair values and resulting residual goodwill (in thousands):
| FSA
| April 21, 2019
Tangible assets: |
Cash | $ | 202 |
Other receivables | 1,491 |
Property and equipment | 40 |
Total tangible assets | 1,733 |
Intangible assets: |
Non-compete agreements | 900 |
Customer relationships | 17,100 |
Goodwill | 19,281 |
Total intangible assets | 37,281 |
Total assets acquired | 39,014 |
Liabilities assumed: |
Current liabilities | 7,664 |
Other liabilities | 4,350 |
Total liabilities assumed | 12,014 |
Net assets acquired | $ | 27,000 |
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block] | The acquired definite-lived intangible assets have the following useful lives:
| FSA Useful Lives
Non-compete agreements | 5 years
Customer relationships | 15 years
Schedule of Goodwill [Table Text Block] | The following is a summary of the Company's goodwill as of June 30, 2019. Approximately $139,229 of goodwill is deductible for tax purposes.
| Beginning balance, December 31, 2018 |  | FSA Acquisition |  | Ending balance, June 30, 2019
Expedited LTL |  |  |  |  |
Goodwill | $ | 97,593 |  |  | $ | 19,281 |  |  | $ | 116,874 |
Accumulated Impairment | — |  |  | — |  |  | — |
Intermodal |  |  |  |  |
Goodwill | 76,615 |  |  | — |  |  | 76,615 |
Accumulated Impairment | — |  |  | — |  |  | — |
TLS |  |  |  |  |
Goodwill | 45,164 |  |  | — |  |  | 45,164 |
Accumulated Impairment | (25,686 | ) |  | — |  |  | (25,686 | )
Pool Distribution |  |  |  |  |
Goodwill | 12,359 |  |  | — |  |  | 12,359 |
Accumulated Impairment | (6,953 | ) |  | — |  |  | (6,953 | )
Total | $ | 199,092 |  |  | $ | 19,281 |  |  | $ | 218,373 |

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- Definition Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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