XML 23 R12.htm IDEA: XBRL DOCUMENT v3.25.2
GOODWILL & OTHER INTANGIBLE ASSETS
 6 Months Ended
Jun. 30, 2025
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 June 30, 2025, goodwill allocated to the TS and P&S segments was approximately $120.5 million and $76.1 million, respectively.
The changes in the carrying amounts of goodwill from December 31, 2023 through the six-month period ended June 30, 2025 were as follows (in thousands):
Transportation SolutionsParts & ServicesTotal
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, 2023120,486 67,923 188,409 
Effects of foreign currency20 12 32 
Balance at December 31, 2024
Goodwill188,763 108,078 296,841 
Accumulated impairment losses(68,257)(40,143)(108,400)
Net balance as of December 31, 2024120,506 67,935 188,441 
Acquisition of Trailerhawk AI, LLC— 8,220 8,220 
Effects of foreign currency— 1 1 
Balance at March 31, 2025
Goodwill188,763 116,299 305,062 
Accumulated impairment losses(68,257)(40,143)(108,400)
Net balance as of March 31, 2025120,506 76,156 196,662 
Effects of foreign currency(2)(10)(12)
Balance at June 30, 2025
Goodwill188,761 116,289 305,050 
Accumulated impairment losses(68,257)(40,143)(108,400)
Net balance as of June 30, 2025$120,504 $76,146 $196,650