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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The changes in the carrying amount of the Company’s goodwill by reportable segment for the years ended December 31, 2024 and 2023 are as follows:

WarehouseTransportationTotal
(In thousands)
December 31, 2022$989,286 $44,351 $1,033,637 
Purchase price allocation adjustments
(4,348)— (4,348)
Goodwill impairment
(236,515)— (236,515)
Impact of foreign currency translation
1,230 — 1,230 
December 31, 2023749,653 44,351 794,004 
Impact of foreign currency translation
(9,962)— (9,962)
December 31, 2024$739,691 $44,351 $784,042 
Refer to Note 2 - Summary of Significant Accounting Policies for additional information regarding the goodwill impairment charges recorded during the year ended December 31, 2023.
Intangible assets, other than goodwill, are as follows as of December 31, 2024 and 2023:

December 31, 2024December 31, 2023
Intangible assetGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
(In thousands)
Customer relationships
$996,419 $(173,032)$823,387 $1,023,107 $(141,078)$882,029 
In-place lease and assembled workforce475 (279)196 4,254 (3,946)308 
Trade name 16,700 (1,623)15,077 16,700 (1,623)15,077 
Total intangible assets, other than goodwill$1,013,594 $(174,934)$838,660 $1,044,061 $(146,647)$897,414 
The change in the gross carrying amount for Customer relationships from December 31, 2023 to December 31, 2024 is due to foreign exchange rate movements and an impairment charge of $12.1 million associated with the anticipated exit of certain warehouse and transportation related operations. The change in the gross carrying amount for In-place lease and assembled workforce from December 31, 2023 to December 31, 2024 is due to the write-off of the fully amortized In-place lease intangibles of $3.8 million.
The Company’s Trade name is an indefinite-lived intangible.
Amortization expense for the years ended December 31, 2024, 2023 and 2022 was $36.4 million, $36.9 million and $35.7 million, respectively.
The estimated amortization for each of the next five years for the Customer relationships and Assembled workforce intangibles on a combined basis is approximately $36.0 million and approximately $643.6 million thereafter, based on foreign exchange rates as of December 31, 2024. The weighted average remaining useful life is 25 years and 1.8 years for Customer relationships and Assembled workforce, respectively, as of December 31, 2024.
Refer to Note 2 - Summary of Significant Accounting Policies for additional information regarding the intangible asset impairment charges recorded during the year ended December 31, 2024.