XML 34 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Intangible Assets, Net
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET
INTANGIBLE ASSETS, NET
 
 
December 31,
 
 
2018
 
2017
 
 
(In thousands)
Indefinite lived intangible assets — Trade name
 
$
8,731

 
8,731

Finite lived intangible assets:
 
 
 
 
Customer relationship intangibles
 
115,574

 
91,523

Other intangibles, primarily trade name
 
2,367

 
2,367

Accumulated amortization
 
(65,048
)
 
(57,420
)
 
 
52,893

 
36,470

Foreign currency translation adjustment
 
(2,549
)
 
(2,271
)
Total
 
$
59,075

 
42,930


 
The Ryder trade name has been identified as having an indefinite useful life. Customer relationship intangibles are being amortized on a straight-line basis over their estimated useful lives, generally 7-19 years. We recognized amortization expense associated with finite lived intangible assets of approximately $8 million in 2018 and $6 million in both 2017 and 2016. The future amortization expense for each of the five succeeding years related to all intangible assets that are currently reported in the Consolidated Balance Sheets is estimated to range from $6 - $8 million per year for 2019 - 2023.