Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Changes in the carrying amount of goodwill during the nine months ended September 30, 2023 are summarized as follows:
Expedited Freight Intermodal Consolidated
Balance as of December 31, 2022 $ 169,288  $ 136,896  $ 306,184 
Acquisition 50,443  136  50,579 
Balance as of September 30, 2023 $ 219,731  $ 137,032  $ 356,763 
Schedule of Other Intangible Assets
Changes in the carrying amount of acquired intangible assets during the nine months ended September 30, 2023 are summarized as follows:

Gross Carrying Amount
Customer Relationships1
Non-Compete Agreements Trade Names Total
Balance as of December 31, 2022 $ 267,870  $ 8,756  $ 1,500  $ 278,126 
Acquisition 4,513  873  —  5,386 
Balance as of September 30, 2023 $ 272,383  $ 9,629  $ 1,500  $ 283,512 

Accumulated Amortization
Customer Relationships1
Non-Compete Agreements Trade Names Total
Balance as of December 31, 2022 $ 114,380  $ 7,445  $ 1,500  $ 123,325 
Amortization expense 12,980  497  —  13,477 
Balance as of September 30, 2023 $ 127,360  $ 7,942  $ 1,500  $ 136,802 
1 Carrying value as of September 30, 2023 and December 31, 2022 is inclusive of $16,501 of accumulated impairment.