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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill Changes in the carrying amount of goodwill during the three months ended March 31, 2021 are summarized as follows (in thousands):
| Expedited Freight |  | Intermodal |  | Consolidated
Balance as of December 31, 2020 | $ | 165,268 |  |  | $ | 79,714 |  |  | $ | 244,982 |
Acquisition | — |  |  | 5,754 |  |  | 5,754 |
Balance as of March 31, 2021 | $ | 165,268 |  |  | $ | 85,468 |  |  | $ | 250,736 |
Goodwill is tested for impairment on an annual basis and more often if indications of impairment exist. The Company conducts its annual impairment analyses as of June 30 each year. Based on the current macroeconomic conditions, the Company assessed its goodwill and other intangible assets for indications of impairment as of March 31, 2021 and concluded there were no indicators of impairment during the three months ended March 31, 2021. Other Intangible Assets Changes in the carrying amount of acquired intangible assets during the three months ended March 31, 2021 are summarized as follows (in thousands):
|  | Gross Carrying Amount
|  | Customer Relationships 1 |  | Non-Compete Agreements |  | Trade Names |  | Total
Balance as of December 31, 2020 |  | $ | 228,416 |  |  | $ | 8,125 |  |  | $ | 1,500 |  |  | $ | 238,041 |
Acquisition |  | 6,060 |  |  | 18 |  |  | — |  |  | 6,078 |
Balance as of March 31, 2021 |  | $ | 234,476 |  |  | $ | 8,143 |  |  | $ | 1,500 |  |  | $ | 244,119 |
|  | Accumulated Amortization
|  | Customer Relationships 1 |  | Non-Compete Agreements |  | Trade Names |  | Total
Balance as of December 31, 2020 |  | $ | 85,930 |  |  | $ | 5,579 |  |  | $ | 1,500 |  |  | $ | 93,009 |
Amortization expense |  | 3,104 |  |  | 338 |  |  | — |  |  | 3,442 |
Balance as of March 31, 2021 |  | $ | 89,034 |  |  | $ | 5,917 |  |  | $ | 1,500 |  |  | $ | 96,451 |
1 Carrying value as of March 31, 2021 and December 31, 2020 is inclusive of $16,501 of accumulated impairment.

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