Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill

The changes in the carrying amount of the Company’s goodwill by reportable segment for the years ended December 31, 2019, 2018 and 2017 are as follows:

	Warehouse			Third-party managed			Transportation			Total
	(In thousands)
December 31, 2016	$	171,582		$	3,056		$	12,167		$	186,805
Impact of foreign currency translation	972			8			384			1,364
December 31, 2017	172,554			3,064			12,551			188,169
Impact of foreign currency translation	(1,658		)	(174		)	(242		)	(2,074		)
December 31, 2018	170,896			2,890			12,309			186,095
Goodwill acquired	130,919			—			1,452			132,371
Impact of foreign currency translation	9			(8		)	16			17
December 31, 2019	$	301,824		$	2,882		$	13,777		$	318,483

Schedule of Intangible Assets Not Subject to Amortization

Intangible assets subject to amortization as of December 31, 2019 and 2018 are as follows:

	Customer relationships			Above-market leases			In-place lease			Below-market leases			Assembled Workforce			Trade names and trademarks			Total
	(In thousands, except years)
Gross	$	33,788		$	143		$	3,778		$	9,126		$	—		$	—		$	46,835
Additions	266,633			—			—			—			908			1,623			269,164
Accumulated amortization	(38,036		)	(60		)	(1,578		)	(5,794		)	(128		)	(721		)	(46,317		)
Net definite lived intangible assets	$	262,385		$	83		$	2,200		$	3,332		$	780		$	902		269,682
Indefinite lived intangible asset (Trade name)																			15,076
Identifiable intangible assets – net, December 31, 2019																			$	284,758
Weighted-average remaining useful life at December 31, 2019	24.2			3.8			3.8			32.6			2.7			0.8			23.9
Gross	$	33,788		$	143		$	3,778		$	9,126		$	—		$	—		$	46,835
Additions	—			—			—			—			—			—			—
Accumulated amortization	(30,169		)	(38		)	(1,004		)	(5,644		)	—			—			(36,855		)
Net definite lived intangible assets	$	3,619		$	105		$	2,774		$	3,482		$	—		$	—		9,980
Indefinite lived intangible asset (Trade name)																			15,076
Identifiable intangible assets – net, December 31, 2018																			$	25,056
Weighted-average remaining useful life at December 31, 2018	9.1			4.8			4.8			33.2			N/A			N/A			16.3

Schedule of Intangible Assets Subject to Amortization

Intangible assets subject to amortization as of December 31, 2019 and 2018 are as follows:

	Customer relationships			Above-market leases			In-place lease			Below-market leases			Assembled Workforce			Trade names and trademarks			Total
	(In thousands, except years)
Gross	$	33,788		$	143		$	3,778		$	9,126		$	—		$	—		$	46,835
Additions	266,633			—			—			—			908			1,623			269,164
Accumulated amortization	(38,036		)	(60		)	(1,578		)	(5,794		)	(128		)	(721		)	(46,317		)
Net definite lived intangible assets	$	262,385		$	83		$	2,200		$	3,332		$	780		$	902		269,682
Indefinite lived intangible asset (Trade name)																			15,076
Identifiable intangible assets – net, December 31, 2019																			$	284,758
Weighted-average remaining useful life at December 31, 2019	24.2			3.8			3.8			32.6			2.7			0.8			23.9
Gross	$	33,788		$	143		$	3,778		$	9,126		$	—		$	—		$	46,835
Additions	—			—			—			—			—			—			—
Accumulated amortization	(30,169		)	(38		)	(1,004		)	(5,644		)	—			—			(36,855		)
Net definite lived intangible assets	$	3,619		$	105		$	2,774		$	3,482		$	—		$	—		9,980
Indefinite lived intangible asset (Trade name)																			15,076
Identifiable intangible assets – net, December 31, 2018																			$	25,056
Weighted-average remaining useful life at December 31, 2018	9.1			4.8			4.8			33.2			N/A			N/A			16.3

Schedule of Estimated Amortization of Intangible Assets

The following table describes the estimated amortization of intangible assets for the next five years and thereafter. In addition, the table describes the net impact on rent expense due to the amortization of below-market leases for the next five years and thereafter:

	Estimated Amortization of Customer Relationships, In-Place Lease, Assembled Workforce, Trade names  and Trademarks Intangible Assets		Estimated Net Decrease to Lease Revenue Related to Amortization of Above-Market Leases		Estimated Net Increase to Lease Expense Related to Amortization of Below-Market Leases
	(In thousands)
Years Ending December 31:
2020	$	13,110	$	22	$	151
2021	12,119		22		151
2022	11,902		22		151
2023	11,543		17		106
2024	10,976		—		102
Thereafter	206,617		—		2,671
Total	$	266,267	$	83	$	3,332