XML 25 R11.htm IDEA: XBRL DOCUMENT
v3.24.3

GOODWILL & OTHER INTANGIBLE ASSETS | 9 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL & OTHER INTANGIBLE ASSETS | GOODWILL & OTHER INTANGIBLE ASSETS As further described in Note 19, the Company has established two operating and reportable segments: Transportation Solutions (“TS”) and Parts & Services (“P&S”). These operating and reportable segments have also been determined to be the applicable reporting units for purposes of goodwill assignment and evaluation. As of September 30, 2024, goodwill allocated to the TS and P&S segments was approximately $120.5 million and $67.9 million, respectively. The Company considered whether there were any indicators of impairment during the three and nine months ended September 30, 2024 and concluded there were none. The changes in the carrying amounts of goodwill from December 31, 2022 through the nine-month period ended September 30, 2024 were as follows (in thousands):
| Transportation Solutions |  | Parts & Services |  |  |  | Total
Balance at December 31, 2022 |  |  |  |  |  |  |
Goodwill | $ | 188,759 |  |  | $ | 108,075 |  |  |  |  | $ | 296,834 |
Accumulated impairment losses | (68,257) |  |  | (40,143) |  |  |  |  | (108,400) |
Net balance as of December 31, 2022 | 120,502 |  |  | 67,932 |  |  |  |  | 188,434 |
Effects of foreign currency | (16) |  |  | (9) |  |  |  |  | (25) |
Balance at December 31, 2023 |  |  |  |  |  |  |
Goodwill | 188,743 |  |  | 108,066 |  |  |  |  | 296,809 |
Accumulated impairment losses | (68,257) |  |  | (40,143) |  |  |  |  | (108,400) |
Net balance as of December 31, 2023 | 120,486 |  |  | 67,923 |  |  |  |  | 188,409 |
Effects of foreign currency | (2) |  |  | — |  |  |  |  | (2) |
Balance at March 31, 2024 |  |  |  |  |  |  |
Goodwill | 188,741 |  |  | 108,066 |  |  |  |  | 296,807 |
Accumulated impairment losses | (68,257) |  |  | (40,143) |  |  |  |  | (108,400) |
Net balance as of March 31, 2024 | 120,484 |  |  | 67,923 |  |  |  |  | 188,407 |
Effects of foreign currency | 10 |  |  | 6 |  |  |  |  | 16 |
Balance at June 30, 2024 |  |  |  |  |  |  |
Goodwill | 188,751 |  |  | 108,072 |  |  |  |  | 296,823 |
Accumulated impairment losses | (68,257) |  |  | (40,143) |  |  |  |  | (108,400) |
Net balance as of June 30, 2024 | 120,494 |  |  | 67,929 |  |  |  |  | 188,423 |
Effects of foreign currency | 9 |  |  | 4 |  |  |  |  | 13 |
Balance at September 30, 2024 |  |  |  |  |  |  |
Goodwill | 188,760 |  |  | 108,076 |  |  |  |  | 296,836 |
Accumulated impairment losses | (68,257) |  |  | (40,143) |  |  |  |  | (108,400) |
Net balance as of September 30, 2024 | $ | 120,503 |  |  | $ | 67,933 |  |  |  |  | $ | 188,436 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration