Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021, 2020 and 2019 are as follows:

	Warehouse		Third-party managed		Transportation		Unallocated Acquisitions		Total
	(In thousands)
December 31, 2018	$	170,896	$	2,890	$	12,309	—		$	186,095
Goodwill acquired	130,919		—		1,452		—
Impact of foreign currency translation	9		(8)		16		—		17
December 31, 2019	301,824		2,882		13,777		—		318,483
Goodwill acquired	116,275		—		8,546		346,673		471,494
Purchase price allocation adjustments	1,115		—		—		—		1,115
Impact of foreign currency translation	2,513		379		351		—		3,243
December 31, 2020	421,727		3,261		22,674		346,673		794,335
Goodwill acquired	92,849		—		700		—		93,549
Purchase price allocation adjustments	541,872		—		6,746		(346,673)		201,945
Impact of foreign currency translation	(16,333)		(50)		(466)		—		(16,849)
December 31, 2021	$	1,040,115	$	3,211	$	29,654	$	—	$	1,072,980

Schedule of Intangible Assets Not Subject to Amortization

Intangible assets subject to amortization as of December 31, 2021 and 2020 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 - January 1, 2021	$	830,198	$	143	$	3,778	$	9,126	$	1,047	$	1,623	$	845,915
Additions	301,427		—		—		—		—		—		301,427
Purchase Price Allocation Adjustments	(69,973)		—		—		—		—		—		(69,973)
Foreign currency translation	(9,501)		—		—		—		—		—		(9,501)
Reclassification to Operating lease right-of-use asset	—		(47)		—		(3,079)		—		—		(3,126)
Accumulated amortization	(87,565)		(96)		(2,726)		(6,047)		(795)		(1,623)		(98,852)
Net definite lived intangible assets	$	964,586	$	—	$	1,052	$	—	$	252	$	—	965,890
Indefinite lived intangible asset (Trade name)													15,076
Identifiable intangible assets – net, December 31, 2021													$	980,966
Weighted-average remaining useful life at December 31, 2021	28.0		N/A		1.8		N/A		1.1		N/A		28.0
Gross - January 1, 2020	$	300,421	$	143	$	3,778	$	9,126	$	908	$	1,623	$	315,999
Additions	528,518		—		—		—		139		—		528,657
Foreign currency translation	1,260		—		—		—		—		—		1,260
Accumulated amortization	(53,321)		(81)		(2,152)		(5,945)		(447)		(1,623)		(63,569)
Net definite lived intangible assets	$	776,878	$	62	$	1,626	$	3,181	$	600	$	—	782,347
Indefinite lived intangible asset (Trade name)													15,076
Identifiable intangible assets – net, December 31, 2020													$	797,423
Weighted-average remaining useful life at December 31, 2020	24.3		2.8		2.8		32.2		1.9		N/A		24.3

Schedule of Intangible Assets Subject to Amortization

Intangible assets subject to amortization as of December 31, 2021 and 2020 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 - January 1, 2021	$	830,198	$	143	$	3,778	$	9,126	$	1,047	$	1,623	$	845,915
Additions	301,427		—		—		—		—		—		301,427
Purchase Price Allocation Adjustments	(69,973)		—		—		—		—		—		(69,973)
Foreign currency translation	(9,501)		—		—		—		—		—		(9,501)
Reclassification to Operating lease right-of-use asset	—		(47)		—		(3,079)		—		—		(3,126)
Accumulated amortization	(87,565)		(96)		(2,726)		(6,047)		(795)		(1,623)		(98,852)
Net definite lived intangible assets	$	964,586	$	—	$	1,052	$	—	$	252	$	—	965,890
Indefinite lived intangible asset (Trade name)													15,076
Identifiable intangible assets – net, December 31, 2021													$	980,966
Weighted-average remaining useful life at December 31, 2021	28.0		N/A		1.8		N/A		1.1		N/A		28.0
Gross - January 1, 2020	$	300,421	$	143	$	3,778	$	9,126	$	908	$	1,623	$	315,999
Additions	528,518		—		—		—		139		—		528,657
Foreign currency translation	1,260		—		—		—		—		—		1,260
Accumulated amortization	(53,321)		(81)		(2,152)		(5,945)		(447)		(1,623)		(63,569)
Net definite lived intangible assets	$	776,878	$	62	$	1,626	$	3,181	$	600	$	—	782,347
Indefinite lived intangible asset (Trade name)													15,076
Identifiable intangible assets – net, December 31, 2020													$	797,423
Weighted-average remaining useful life at December 31, 2020	24.3		2.8		2.8		32.2		1.9		N/A		24.3

Schedule of Estimated Amortization of Intangible Assets

The following table describes the estimated amortization of definite-lived intangible assets for the next five years.

	Estimated Amortization of Intangible Assets
	(In thousands)
Years Ending December 31:
2022	$	38,572
2023	38,387
2024	37,820
2025	37,732
2026	36,711
Total	$	189,222