Forward Air Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Acquisitions - Allocations of Purchase Price (Details)

Acquisitions - Allocations of Purchase Price (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Nov. 30, 2021	May 31, 2021	May 30, 2021	Feb. 28, 2021	Dec. 31, 2020	Oct. 11, 2020	Jan. 31, 2020	Jan. 12, 2020	Dec. 31, 2019	Jul. 31, 2019	Jul. 14, 2019	Apr. 21, 2019
Intangible assets:
Goodwill	$ 266,752					$ 244,982				$ 215,699
FSA
Tangible assets:
Cash													$ 202
Accounts receivable													0
Other receivables													1,491
Prepaid expenses and other current assets													0
Property and equipment													40
Other assets													0
Operating lease right-of-use assets													3,209
Total tangible assets													4,942
Intangible assets:
Goodwill													19,963
Total intangible assets													38,763
Total assets acquired													43,705
Liabilities assumed:
Current liabilities													8,466
Other liabilities													5,030
Finance lease obligations													0
Operating lease liabilities													3,209
Total liabilities assumed													16,705
Net assets acquired													27,000
O.S.T.
Tangible assets:
Cash												$ 0
Accounts receivable												0
Other receivables												0
Prepaid expenses and other current assets												0
Property and equipment												10,371
Other assets												0
Operating lease right-of-use assets												1,672
Total tangible assets												12,043
Intangible assets:
Goodwill												2,050
Total intangible assets												8,600
Total assets acquired												20,643
Liabilities assumed:
Current liabilities												0
Other liabilities												0
Finance lease obligations												6,971
Operating lease liabilities												1,672
Total liabilities assumed												8,643
Net assets acquired											$ 12,000	12,000
Linn Star
Tangible assets:
Cash									$ 1,308
Accounts receivable									0
Other receivables									0
Prepaid expenses and other current assets									1,182
Property and equipment									605
Other assets									0
Operating lease right-of-use assets									10,011
Total tangible assets									13,106
Intangible assets:
Goodwill									25,234
Total intangible assets									55,484
Total assets acquired									68,590
Liabilities assumed:
Current liabilities									1,340
Other liabilities									0
Finance lease obligations									0
Operating lease liabilities									10,011
Total liabilities assumed									11,351
Net assets acquired								$ 55,931	57,239
CLW
Tangible assets:
Cash							$ 0
Accounts receivable							0
Other receivables							0
Prepaid expenses and other current assets							0
Property and equipment							0
Other assets							0
Operating lease right-of-use assets							811
Total tangible assets							811
Intangible assets:
Goodwill							3,000
Total intangible assets							5,500
Total assets acquired							6,311
Liabilities assumed:
Current liabilities							0
Other liabilities							0
Finance lease obligations							0
Operating lease liabilities							811
Total liabilities assumed							811
Net assets acquired							5,500
Proficient Transport
Tangible assets:
Cash					$ 0
Accounts receivable					4,171
Other receivables					0
Prepaid expenses and other current assets					0
Property and equipment					140
Other assets					24
Operating lease right-of-use assets					0
Total tangible assets					4,335
Intangible assets:
Goodwill					6,249
Total intangible assets					12,327
Total assets acquired					16,662
Liabilities assumed:
Current liabilities					323
Other liabilities					0
Finance lease obligations					0
Operating lease liabilities					0
Total liabilities assumed					323
Net assets acquired					16,339
J&P
Tangible assets:
Cash				$ 0
Accounts receivable				1,940
Other receivables				0
Prepaid expenses and other current assets				32
Property and equipment				1,567
Other assets				3
Operating lease right-of-use assets				1,355
Total tangible assets				4,897
Intangible assets:
Goodwill				4,020
Total intangible assets				4,760
Total assets acquired				9,657
Liabilities assumed:
Current liabilities				632
Other liabilities				0
Finance lease obligations				0
Operating lease liabilities				1,355
Total liabilities assumed				1,987
Net assets acquired			$ 7,670	7,670
BarOle
Tangible assets:
Cash		$ 0
Accounts receivable		2,481
Other receivables		0
Prepaid expenses and other current assets		0
Property and equipment		5,351
Other assets		0
Operating lease right-of-use assets		0
Total tangible assets		7,832
Intangible assets:
Goodwill		10,677
Total intangible assets		27,872
Total assets acquired		35,704
Liabilities assumed:
Current liabilities		268
Other liabilities		0
Finance lease obligations		0
Operating lease liabilities		0
Total liabilities assumed		268
Net assets acquired		35,436
Customer relationships \| FSA
Intangible assets:
Intangible assets													17,900
Customer relationships \| O.S.T.
Intangible assets:
Intangible assets												5,700
Customer relationships \| Linn Star
Intangible assets:
Intangible assets									29,800
Customer relationships \| CLW
Intangible assets:
Intangible assets							1,500
Customer relationships \| Proficient Transport
Intangible assets:
Intangible assets					6,060
Customer relationships \| J&P
Intangible assets:
Intangible assets				620
Customer relationships \| BarOle
Intangible assets:
Intangible assets		16,282
Non-compete agreements \| FSA
Intangible assets:
Intangible assets													$ 900
Non-compete agreements \| O.S.T.
Intangible assets:
Intangible assets												$ 850
Non-compete agreements \| Linn Star
Intangible assets:
Intangible assets									$ 450
Non-compete agreements \| CLW
Intangible assets:
Intangible assets							$ 1,000
Non-compete agreements \| Proficient Transport
Intangible assets:
Intangible assets					$ 18
Non-compete agreements \| J&P
Intangible assets:
Intangible assets				$ 120
Non-compete agreements \| BarOle
Intangible assets:
Intangible assets		$ 913