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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The following table summarizes changes in the carrying amount of goodwill by segment for the six months ended June 30, 2023 (in thousands):
TTS
Werner Logistics
Total
Balance as of December 31, 2022
$53,897 $78,820 $132,717 
Purchase accounting adjustments (1)
(7,841)4,228 (3,613)
Balance as of June 30, 2023
$46,056 $83,048 $129,104 
(1) The purchase accounting adjustments consist of post-closing adjustments related to net assets assumed in the acquisition of ReedTMS. For additional information regarding these purchase accounting adjustments, see Note 2.
Schedule of Acquired Intangible Assets
The following table presents acquired intangible assets (in thousands):
June 30, 2023December 31, 2022
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships
$80,200 $(9,979)$70,221 $64,900 $(5,714)$59,186 
Trade names
24,600 (3,309)21,291 24,600 (2,284)22,316 
Total intangible assets
$104,800 $(13,288)$91,512 $89,500 $(7,998)$81,502