XML 32 R21.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 12 - Goodwill and Other Assets | 3 Months Ended
--- | ---
Mar. 31, 2023
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
Note 12. | Goodwill and Other Assets
AAT's results have been included in the consolidated financial statements since the date of acquisition, February 2022, within our Expedited reportable segment. The Landair Holdings, Inc. ("Landair") trade name has a residual value of $0.5 million. Amortization expense of $1.1 million and $0.6 million for the three months ended March 31, 2023 and 2022, respectively, was included in depreciation and amortization in the condensed consolidated statements of operations. A summary of other intangible assets as of March 31, 2023 and December 31, 2022 is as follows:
(in thousands) |  | March 31, 2023 |
|  | Gross intangible assets |  |  | Accumulated amortization |  |  | Net intangible assets |  |  | Remaining life (months) |
Trade name: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dedicated |  | $ | 2,402 |  |  | $ | (2,130 | ) |  | $ | 272 |  |  |  |  |
Managed Freight |  |  | 999 |  |  |  | (885 | ) |  |  | 114 |  |  |  |  |
Warehousing |  |  | 999 |  |  |  | (885 | ) |  |  | 114 |  |  |  |  |
Total trade name |  |  | 4,400 |  |  |  | (3,900 | ) |  |  | 500 |  |  |  | - |
Customer relationships: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dedicated |  |  | 14,072 |  |  |  | (5,570 | ) |  |  | 8,502 |  |  |  |  |
Managed Freight |  |  | 1,692 |  |  |  | (670 | ) |  |  | 1,022 |  |  |  |  |
Warehousing |  |  | 12,436 |  |  |  | (4,923 | ) |  |  | 7,513 |  |  |  |  |
Total customer relationships: |  |  | 28,200 |  |  |  | (11,163 | ) |  |  | 17,037 |  |  |  | 87 |
Credentialing: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expedited |  |  | 32,000 |  |  |  | (2,488 | ) |  |  | 29,512 |  |  |  | 166 |
Total credentialing |  |  | 32,000 |  |  |  | (2,488 | ) |  |  | 29,512 |  |  |  |  |
Total other intangible assets |  | $ | 64,600 |  |  | $ | (17,551 | ) |  | $ | 47,049 |  |  |  | 136 |
(in thousands) |  | December 31, 2022 |
|  | Gross intangible assets |  |  | Accumulated amortization |  |  | Net intangible assets |  |  | Remaining life (months) |
Trade name: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dedicated |  | $ | 2,402 |  |  | $ | (2,130 | ) |  | $ | 272 |  |  |  |  |
Managed Freight |  |  | 999 |  |  |  | (885 | ) |  |  | 114 |  |  |  |  |
Warehousing |  |  | 999 |  |  |  | (885 | ) |  |  | 114 |  |  |  |  |
Total trade name |  |  | 4,400 |  |  |  | (3,900 | ) |  |  | 500 |  |  |  | - |
Customer relationships: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dedicated |  |  | 14,072 |  |  |  | (5,277 | ) |  |  | 8,795 |  |  |  |  |
Managed Freight |  |  | 1,692 |  |  |  | (635 | ) |  |  | 1,057 |  |  |  |  |
Warehousing |  |  | 12,436 |  |  |  | (4,663 | ) |  |  | 7,773 |  |  |  |  |
Total customer relationships: |  |  | 28,200 |  |  |  | (10,575 | ) |  |  | 17,625 |  |  |  | 90 |
Credentialing: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expedited |  |  | 32,000 |  |  |  | (1,956 | ) |  |  | 30,044 |  |  |  | 169 |
Total credentialing |  |  | 32,000 |  |  |  | (1,956 | ) |  |  | 30,044 |  |  |  |  |
Total other intangible assets |  | $ | 64,600 |  |  | $ | (16,431 | ) |  | $ | 48,169 |  |  |  | 138 |
The expected amortization of these assets for the next five successive years is as follows:
|  | (in thousands) |
2023 (1) |  |  | 3,363 |
2024 |  |  | 4,483 |
2025 |  |  | 4,483 |
2026 |  |  | 4,483 |
2027 |  |  | 4,483 |
Thereafter |  |  | 25,254 |
(1) Excludes the three months ended March 31, 2023. There were no changes to the carrying amount of goodwill since December 31, 2022.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration