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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2020
GOODWILL AND INTANGIBLE ASSETS  
Schedule of changes in carrying amount of goodwill

The summary of changes in goodwill follows for the three months ended March 31, 2020 (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

    

Flatbed

    

Specialized

    

Total

Goodwill balance at December 31, 2019

 

$

59.3

 

$

80.6

 

$

139.9

Foreign currency translation adjustment

 

 

 —

 

 

(0.8)

 

 

(0.8)

Goodwill balance at March 31, 2020

 

$

59.3

 

$

79.8

 

$

139.1

 

Schedule of intangible assets

Intangible assets consisted of the following as of March 31, 2020 and December 31, 2019 (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of March 31, 2020

 

As of December 31, 2019

 

    

Intangible

    

Accumulated

    

Intangible

    

Intangible

    

Accumulated

    

Intangible

 

 

Assets

 

Amortization

 

Assets, net

 

Assets

 

Amortization

 

Assets, net

Non-competition agreements

 

$

21.7

 

$

(18.8)

 

$

2.9

 

$

21.7

 

$

(18.4)

 

$

3.3

Customer relationships

 

 

88.9

 

 

(43.6)

 

 

45.3

 

 

88.9

 

 

(42.2)

 

 

46.7

Trade names

 

 

52.9

 

 

 —

 

 

52.9

 

 

59.1

 

 

 —

 

 

59.1

Foreign currency translation adjustment

 

 

(0.3)

 

 

 —

 

 

(0.3)

 

 

 —

 

 

 —

 

 

 —

Total intangible assets

 

$

163.2

 

$

(62.4)

 

$

100.8

 

$

169.7

 

$

(60.6)

 

$

109.1

 

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)

 

$

0.9

 

$

4.5

2021

 

 

1.0

 

 

5.9

2022

 

 

0.9

 

 

5.9

2023

 

 

0.1

 

 

5.9

2024

 

 

 —

 

 

4.5

Thereafter

 

 

 —

 

 

18.6

Total

 

$

2.9

 

$

45.3

Nine months ending December 31, 2020