Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangible Assets

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Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill

Changes in the carrying amount of goodwill during the three months ended March 31, 2021 are summarized as follows (in thousands):
Expedited Freight Intermodal Consolidated
Balance as of December 31, 2020 $ 165,268  $ 79,714  $ 244,982 
Acquisition —  5,754  5,754 
Balance as of March 31, 2021 $ 165,268  $ 85,468  $ 250,736 

Goodwill is tested for impairment on an annual basis and more often if indications of impairment exist. The Company conducts its annual impairment analyses as of June 30 each year. Based on the current macroeconomic conditions, the Company assessed its goodwill and other intangible assets for indications of impairment as of March 31, 2021 and concluded there were no indicators of impairment during the three months ended March 31, 2021.

Other Intangible Assets

Changes in the carrying amount of acquired intangible assets during the three months ended March 31, 2021 are summarized as follows (in thousands):

Gross Carrying Amount
Customer Relationships1
Non-Compete Agreements Trade Names Total
Balance as of December 31, 2020 $ 228,416  $ 8,125  $ 1,500  $ 238,041 
Acquisition 6,060  18  —  6,078 
Balance as of March 31, 2021 $ 234,476  $ 8,143  $ 1,500  $ 244,119 

Accumulated Amortization
Customer Relationships1
Non-Compete Agreements Trade Names Total
Balance as of December 31, 2020 $ 85,930  $ 5,579  $ 1,500  $ 93,009 
Amortization expense 3,104  338  —  3,442 
Balance as of March 31, 2021 $ 89,034  $ 5,917  $ 1,500  $ 96,451 
1 Carrying value as of March 31, 2021 and December 31, 2020 is inclusive of $16,501 of accumulated impairment.