Schedule of Goodwill |
Changes in the carrying amount of goodwill during the nine months ended September 30, 2021 are summarized as follows:
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Expedited Freight |
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Intermodal |
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Consolidated |
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Balance as of December 31, 2020 |
$ |
165,268 |
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$ |
79,714 |
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$ |
244,982 |
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Acquisitions |
3,545 |
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|
6,249 |
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|
9,794 |
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Balance as of September 30, 2021 |
$ |
168,813 |
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$ |
85,963 |
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$ |
254,776 |
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Schedule of Other Intangible Assets |
Changes in the carrying amount of acquired intangible assets during the nine months ended September 30, 2021 are summarized as follows:
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Gross Carrying Amount |
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Customer Relationships1
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Non-Compete Agreements |
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Trade Names |
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Total |
Balance as of December 31, 2020 |
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$ |
228,416 |
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$ |
8,125 |
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$ |
1,500 |
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$ |
238,041 |
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Acquisitions |
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7,640 |
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|
150 |
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— |
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|
7,790 |
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Balance as of September 30, 2021 |
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$ |
236,056 |
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$ |
8,275 |
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$ |
1,500 |
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$ |
245,831 |
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Accumulated Amortization |
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Customer Relationships1
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Non-Compete Agreements |
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Trade Names |
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Total |
Balance as of December 31, 2020 |
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$ |
85,930 |
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$ |
5,579 |
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$ |
1,500 |
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$ |
93,009 |
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Amortization expense |
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9,652 |
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|
974 |
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— |
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|
10,626 |
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Balance as of September 30, 2021 |
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$ |
95,582 |
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$ |
6,553 |
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$ |
1,500 |
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$ |
103,635 |
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1 Carrying value as of September 30, 2021 and December 31, 2020 is inclusive of $16,501 of accumulated impairment.
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