Goodwill and Other Intangible Assets

3 Months Ended

Apr. 30, 2011

Goodwill And Other Intangible Assets [Abstract]

NOTE 6. Goodwill and Other Intangible Assets

Goodwill. The changes in the carrying amount of goodwill by reportable segment for the three months ended April 30, 2011 are as follows:


			Contract
			Logistics
	Freight		and
	Forwarding		Distribution		Total

Balance at February 1, 2011	$	174,287	$	249,687	$	423,974
Foreign currency translation		8,826		5,810		14,636

Balance at April 30, 2011	$	183,113	$	255,497	$	438,610

In accordance with ASC 350, Intangibles — Goodwill and Other, the Company reviews goodwill and other intangible assets for impairment annually at the end of the second quarter of each fiscal year, or more often if events or circumstances indicate that impairment may have occurred. In addition to the testing above, management considers whether certain impairment indicators are present in assessing whether the carrying value of goodwill and other intangible assets may be impaired. No impairment was recognized during the three months ended April 30, 2011 and the year ended January 31, 2011. The Company’s accumulated goodwill impairment charge since its adoption of ASC 350 was $100,494 at April 30, 2011 and January 31, 2011.

Other Intangible Assets. Amortizable intangible assets at April 30, 2011 and January 31, 2011 relate primarily to the estimated fair values of customer relationships acquired with respect to certain acquisitions and software applications internally-developed by the Company for internal use. The carrying values of amortizable intangible assets at April 30, 2011 and January 31, 2011 were as follows:


	Gross					Net		Weighted
	carrying		Accumulated			carrying		average/life
	Value		amortization			value		years
As of April 30, 2011:
Customer relationships	$	113,329	$	(54,170	)	$	59,159		9.5
Internally-developed software		39,531		(2,263	)		37,268		4.7
Non-compete agreements		898		(712	)		186		4.7
Other		5,295		(3,920	)		1,375		3.8

Total	$	159,053	$	(61,065	)	$	97,988


As of January 31, 2011:
Customer relationships	$	106,530	$	(48,330	)	$	58,200		9.5
Internally-developed software		32,146		(1,404	)		30,742		4.6
Non-compete agreements		3,348		(3,119	)		229		3.0
Other		5,031		(3,518	)		1,513		3.8

Total	$	147,055	$	(56,371	)	$	90,684

Amortization expense totaled $3,455 and $3,344 for the three months ended April 30, 2011 and 2010, respectively. The following table shows the expected amortization expense for these intangible assets for the current fiscal year and each of the next four fiscal years ending January 31:


2012	$	16,854
2013		20,759
2014		18,693
2015		15,476
2016		12,911

In addition to the amortizable intangible assets, the Company also had $924 and $920 of intangible assets not subject to amortization at April 30, 2011 and January 31, 2011, respectively, related primarily to acquired trade names.

- Definition

Discloses the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain or loss on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. This element may be used as a single block of text to include the entire intangible asset disclosure including data and tables.

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