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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill Changes in the carrying amount of goodwill during the three months ended March 31, 2024 are summarized as follows:
| Expedited Freight |  | Intermodal |  | Omni Logistics |  | Consolidated
Balance as of December 31, 2023 | $ | 141,720 |  |  | $ | 136,986 |  |  | $ | — |  |  | $ | 278,706 |
Acquisition | — |  |  | — |  |  | 1,100,474 |  |  | 1,100,474 |
Balance as of March 31, 2024 | $ | 141,720 |  |  | $ | 136,986 |  |  | $ | 1,100,474 |  |  | $ | 1,379,180 |
The Company’s accumulated goodwill impairment is $25,686 related to impairment charges the Company recorded during 2016 pertaining to its Truckload Services reporting unit. The Truckload Services reporting unit operates within the Expedited Freight reportable segment. 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. There have been no indicators of impairment during the three months ended March 31, 2024. Other Intangible Assets Changes in the carrying amount of acquired intangible assets during the three months ended March 31, 2024 are summarized as follows:
|  | Gross Carrying Amount
|  | Customer Relationships 1 |  | Non-Compete Agreements |  | Trade Names |  | Total
Balance as of December 31, 2023 |  | $ | 253,914 |  |  | $ | 6,407 |  |  | $ | 1,500 |  |  | $ | 261,821 |
Acquisition |  | 1,062,729 |  |  | 42,509 |  |  | 42,510 |  |  | 1,147,748 |
Balance as of March 31, 2024 |  | $ | 1,316,643 |  |  | $ | 48,916 |  |  | $ | 44,010 |  |  | $ | 1,409,569 |
|  | Accumulated Amortization
|  | Customer Relationships 1 |  | Non-Compete Agreements |  | Trade Names |  | Total
Balance as of December 31, 2023 |  | $ | 118,993 |  |  | $ | 6,539 |  |  | $ | 1,500 |  |  | $ | 127,032 |
Amortization expense |  | 15,243 |  |  | 1,449 |  |  | 1,417 |  |  | 18,109 |
Balance as of March 31, 2024 |  | $ | 134,236 |  |  | $ | 7,988 |  |  | $ | 2,917 |  |  | $ | 145,141 |
1 Carrying value as of March 31, 2024 and December 31, 2023 is inclusive o f $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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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