GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2014

5.GOODWILL AND INTANGIBLE ASSETS

Changes in the Company’s goodwill for the years ended December 31, 2014 and 2013 consist of the following (in millions):

	Goodwill
			Ocean
	Logistics		Transportation		Total
Balance at December 31, 2012	$	26.6	$	0.4	$	27.0
Additions	—		0.4		0.4
Balance at December 31, 2013	26.6		0.8		27.4
Additions	—		—		—
Balance at December 31, 2014	$	26.6	$	0.8	$	27.4

Goodwill related to the Company’s Ocean Transportation segment increased by $0.4 million in 2013 related to the Company’s acquisition of Matson’s South Pacific service. There was no accumulated impairment related to goodwill as of December 31, 2014 and 2013.

Intangible assets as of December 31, 2014 and 2013 include the following (in millions):

	As of December 31, 2014
	Gross		Accumulated			Net Book
Intangible Assets	Cost		Amortization			Value
Customer lists and other	$	10.4	$	(7.9	)	$	2.5
Tradenames	3.9		(3.9		)	—
Total intangible assets	$	14.3	$	(11.8	)	$	2.5

	As of December 31, 2013
	Gross		Accumulated			Net Book
Intangible Assets	Cost		Amortization			Value
Customer lists and other	$	10.4	$	(6.8	)	$	3.6
Tradenames	3.9		(3.7		)	0.2
Total intangible assets	$	14.3	$	(10.5	)	$	3.8

Aggregate intangible asset amortization was $1.3 million, $0.8 million, and $0.7 million for 2014, 2013, and 2012, respectively. Estimated amortization expenses related to intangible assets over the next five years are as follows (in millions):

	Estimated
Year	Amortization
2015	$	0.5
2016	0.5
2017	0.4
2018	0.3
2019	0.3
Thereafter	0.5
Total	$	2.5

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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