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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2019
GOODWILL AND INTANGIBLE ASSETS  
Schedule of changes in carrying amount of goodwill

The summary of changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018 are as follows (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

    

Flatbed

    

Specialized

    

Total

Goodwill balance at January 1, 2018

 

$

105.9

 

 

196.8

 

$

302.7

Impairment

 

 

 —

 

 

(11.1)

 

 

(11.1)

Goodwill acquired and adjustments to previously recorded goodwill (net)

 

 

(4.4)

 

 

(27.7)

 

 

(32.1)

Foreign currency translation adjustment

 

 

 —

 

 

(1.1)

 

 

(1.1)

Goodwill balance at December 31, 2018

 

 

101.5

 

 

156.9

 

 

258.4

Impairment

 

 

(42.2)

 

 

(76.6)

 

 

(118.8)

Adjustments to previously recorded goodwill (net)

 

 

 —

 

 

(0.3)

 

 

(0.3)

Foreign currency translation adjustment

 

 

 —

 

 

0.6

 

 

0.6

Goodwill balance at December 31, 2019

 

$

59.3

 

$

80.6

 

$

139.9

 

Schedule of intangible assets

Intangible assets consisted of the following at December 31, 2019 and 2018 (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2019

 

As of December 31, 2018

 

 

Intangible

 

Accumulated

 

Intangible

 

Intangible

 

Accumulated

 

Intangible

 

    

Assets

    

Amortization

    

Assets, net

    

Assets

    

Amortization

    

Assets, net

Non-competition agreements

 

$

21.7

 

$

(18.4)

 

$

3.3

 

$

33.8

 

$

(12.8)

 

$

21.0

Customer relationships

 

 

88.9

 

 

(42.2)

 

 

46.7

 

 

130.9

 

 

(33.5)

 

 

97.4

Trade names

 

 

59.1

 

 

 —

 

 

59.1

 

 

90.6

 

 

 —

 

 

90.6

Foreign currency translation adjustment

 

 

 —

 

 

 —

 

 

 —

 

 

(0.2)

 

 

 —

 

 

(0.2)

Total intangible assets

 

$

169.7

 

$

(60.6)

 

$

109.1

 

$

255.1

 

$

(46.3)

 

$

208.8

 

Schedule of future estimated amortization expense

Future estimated amortization expense is as follows (in millions):

 

 

 

 

 

 

 

 

    

Non-competition

    

Customer

Year ending December 31, 

 

Agreements

 

Relationships

2020

 

$

1.3

 

$

5.9

2021

 

 

1.0

 

 

5.9

2022

 

 

0.9

 

 

5.9

2023

 

 

0.1

 

 

5.9

2024

 

 

 —

 

 

4.5

Thereafter

 

 

 —

 

 

18.6

Total

 

$

3.3

 

$

46.7