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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2018
GOODWILL AND INTANGIBLE ASSETS  
Schedule of changes in carrying amount of goodwill

The summary of changes in goodwill follows for the six months ended June 30, 2018 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

    

Flatbed

    

Specialized

    

Total

Goodwill balance at December 31, 2017

 

$

105,866

 

$

196,836

 

$

302,702

Goodwill acquired and adjustments to previously recorded goodwill

 

 

(23,955)

 

 

(14,178)

 

 

(38,133)

Foreign currency translation adjustment

 

 

 —

 

 

(544)

 

 

(544)

Goodwill balance at June 30, 2018

 

$

81,911

 

$

182,114

 

$

264,025

 

Schedule of intangible assets

 

Intangible assets consisted of the following at June 30, 2018 and December 31, 2017 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2018

 

As of December 31, 2017

 

    

Intangible

    

Accumulated

    

Intangible

    

Intangible

    

Accumulated

    

Intangible

 

 

Assets

 

Amortization

 

Assets, net

 

Assets

 

Amortization

 

Assets, net

Non-competition agreements

 

$

31,290

 

$

(9,316)

 

$

21,974

 

$

12,230

 

$

(5,765)

 

$

6,465

Customer relationships

 

 

117,226

 

 

(28,489)

 

 

88,737

 

 

69,090

 

 

(23,921)

 

 

45,169

Trade names

 

 

76,050

 

 

 —

 

 

76,050

 

 

41,180

 

 

 —

 

 

41,180

Foreign currency translation adjustment

 

 

96

 

 

 —

 

 

96

 

 

306

 

 

 —

 

 

306

Total intangible assets

 

$

224,662

 

$

(37,805)

 

$

186,857

 

$

122,806

 

$

(29,686)

 

$

93,120