GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

The change in carrying amount of goodwill is as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Balance, December 31, 2019	$	1,015,570	$	208,420	$	67,770	$	1,291,760
Acquisitions	176,840		507		—		177,347
Translation	2,689		1,096		548		4,333
Balance, September 30, 2020	$	1,195,099	$	210,023	$	68,318	$	1,473,440

Goodwill is tested at least annually for impairment on November 30, or more frequently if events or changes in circumstances indicate that the asset might be impaired. We first perform a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting units is less than their respective carrying value (“Step Zero Analysis”). If the Step Zero Analysis indicates it is more likely than not that the fair value of our reporting units is less than their respective carrying value, an additional impairment assessment is performed (“Step One Analysis”). We considered whether there were any changes in circumstances indicating that our goodwill might be impaired, including consideration of the impacts of the novel coronavirus (“COVID-19”) on financial markets and our business operations, and determined the more likely than not criteria had not been met, and therefore a Step One Analysis was not required as of September 30, 2020.

Identifiable intangible assets consisted of the following (in thousands):


	September 30, 2020						December 31, 2019
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Finite-lived intangibles
Customer relationships	$	294,200	$	(185,934)	$	108,266	$	237,335	$	(156,879)	$	80,456


Indefinite-lived intangibles
Trademarks	10,475		—		10,475		10,475		—		10,475
Total intangibles	$	304,675	$	(185,934)	$	118,741	$	247,810	$	(156,879)	$	90,931

Amortization expense for other intangible assets is as follows (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Amortization expense	$	9,937	$	9,731	$	27,968	$	28,699

Finite-lived intangible assets, by reportable segment, as of September 30, 2020, will be amortized over their remaining lives as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Remaining 2020	$	2,026	$	5,056	$	161	$	7,243
2021	8,105		14,603		638		23,346
2022	8,105		14,603		638		23,346
2023	8,105		11,977		638		20,720
2024	7,984		4,174		638		12,796
Thereafter	17,024		2,891		900		20,815
Total							$	108,266