Forward Air Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Goodwill (Tables)

Acquisitions and Goodwill (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Purchase Price Allocation [Table Text Block]

The following table presents the allocations of the Triumph and Ace purchase prices to the assets acquired and liabilities assumed based on their estimated fair values and resulting residual goodwill (in thousands):



	Triumph & Ace
	2016
Tangible assets:
Property and equipment	$	1,294
Total tangible assets	1,294
Intangible assets:
Non-compete agreements	139
Customer relationships	5,335
Goodwill	6,282
Total intangible assets	11,756
Total assets acquired	13,050

Liabilities assumed:
Other liabilities	1,250
Total liabilities assumed	1,250
Net assets acquired	$	11,800

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

The acquired definite-live intangible assets have the following useful lives:



	Useful Lives
	Triumph & Ace
Customer relationships	15 years
Non-compete agreements	5 years

Business Acquisition, Pro Forma Information [Table Text Block]

Schedule of Goodwill [Table Text Block]

As of March 31, 2017, the carrying values of goodwill for each segment summarized in the table below. There were no changes in the carrying amount of goodwill during the three months ended March 31, 2017. Approximately $105,531 of goodwill is deductible for tax purposes.



	Expedited LTL				TLS					Pool Distribution					Intermodal				Total
			Accumulated				Accumulated					Accumulated					Accumulated
	Goodwill		Impairment		Goodwill		Impairment			Goodwill		Impairment			Goodwill		Impairment		Net
Ending balance, March 31, 2017	$	97,593	$	—	$	45,164	$	(25,686	)	$	12,359	$	(6,953	)	$	62,198	$	—	$	184,675