Note 11 - Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill

nd Other Intangible Assets

As discussed in Note

10,

Acquisitions, in

third

quarter

2017,

we recorded goodwill of approximately

$56

million and definite-lived intangible assets of approximately

$60

million in connection with the SLD acquisition. All goodwill was assigned to our Dedicated Contract Services® business segment. There has been

change in the carrying amount or impairment losses recorded for goodwill as of

September 30, 2017.

Identifiable intangible assets consist of the following (in millions):

	September 30, 201 7			Weighted Average Amortization Period
Definite-lived intangibles:
Non-competition agreements	$	0.2			5
Customer relationships		60.0			8
Total definite-lived intangibles		60.2
Less accumulated amortization		(1.5	)
Total iden tifiable intangible assets, net	$	58.7

September 30, 2017,

accumulated amortization consists of

$1.5

million. Our definite-lived intangible assets have

assigned residual values.

Intangible asset amortization expense was

$1.5

million for the

three

and

nine

months ended

September 30, 2017.

Estimated amortization expense for our definite-lived intangible assets is expected to be approximately

$7.5

million annually. Actual amounts of amortization expense

may

differ from estimated amounts due to additional intangible asset acquisitions, impairment or accelerated amortization of intangible assets, and other events.

- 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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