Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Goodwill (Tables)

v3.7.0.1
Acquisitions and Goodwill (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill [Line Items]  
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