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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes changes in the carrying amount of goodwill by segment for the years ended December 31, 2022 and 2021 (in thousands):
TTSWerner LogisticsTotal
Balance as of December 31, 2020$— $— $— 
Goodwill recorded in acquisition of NEHDS— 36,534 36,534 
Goodwill recorded in acquisition of ECM44,710 — 44,710 
Purchase accounting adjustments (1)
(6,626)— (6,626)
Balance as of December 31, 202138,084 36,534 74,618 
Goodwill recorded in acquisition of ReedTMS10,341 42,500 52,841 
Goodwill recorded in acquisition of Baylor5,472 — 5,472 
Purchase accounting adjustments (2)
— (214)(214)
Balance as of December 31, 2022$53,897 $78,820 $132,717 
(1) The purchase accounting adjustments are primarily attributable to post-closing adjustments related to net assets assumed in, and the redeemable noncontrolling interest associated with, the acquisition of ECM.
(2) The purchase accounting adjustments consist of post-closing adjustments related to net assets assumed in the acquisition of NEHDS.
Schedule of Acquired Intangible Assets
Acquired intangible assets consists of the following as of December 31, 2022 and 2021 (in thousands):
December 31,
20222021
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$64,900 $(5,714)$59,186 $40,200 $(1,177)$39,023 
Trade names24,600 (2,284)22,316 17,000 (708)16,292 
Total intangible assets$89,500 $(7,998)$81,502 $57,200 $(1,885)$55,315 
Schedule of Future Amortization Expense of Intangible Assets
As of December 31, 2022, the estimated future amortization expense for intangible assets by year is as follows (in thousands):
Estimated
Amortization
Expense
2023$8,540 
20248,540 
20258,540 
20268,540 
20278,540 
Thereafter (to 2034)38,802 
Total$81,502