Annual report pursuant to Section 13 and 15(d)

Acquisitions (Tables)

v3.24.0.1
Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Purchase Price Allocation
Assets acquired and liabilities assumed as of the acquisition date are presented in the following table:
Edgmon Land Air
May 31, 2022 January 31, 2023
Tangible assets:
Accounts receivable $ 4,963  $ — 
Property and equipment 613  738 
Total tangible assets 5,576  738 
Intangible assets:
Customer relationships 13,051  35,200 
Non-compete agreements 172  — 
Goodwill 22,195  20,629 
Total intangible assets 35,418  55,829 
Total assets acquired 40,994  56,567 
Liabilities assumed:
Current liabilities 1  — 
Total liabilities assumed 1  — 
Net assets acquired $ 40,993  $ 56,567 
Schedule of Weighted-Average Useful Life of Acquired Intangible Assets The acquired intangible assets have a weighted-average useful life as follows:
Intangible Assets Weighted-Average Useful Life
Customer relationships 14 years
Non-compete agreements 5 years
Trade names 4 years
The estimated useful life of acquired intangible assets as of the acquisition date are summarized in the following table:
Estimated Useful Lives
Edgmon Land Air
Customer relationships 9 years 15 years
Non-compete agreements 5 years —