INTANGIBLE ASSETS AND GOODWILL (Tables)

9 Months Ended

Sep. 30, 2019

INTANGIBLE ASSETS AND GOODWILL

Schedule of intangible assets and amortization expense

The following tables summarizes intangible assets and amortization expense as of and for the period ended September 30, 2019:

	September 30, 2019
	Amortization
	period	Gross		Accumulated		Net intangible
	(years)	Amount		Amortization		assets
	(in thousands)
Trade name	indefinite	$	5,000	$	—	$	5,000
Non-compete agreement	2		140		54		86
Customer relationships	10		12,900		1,193		11,707
Total intangible assets		$	18,040	$	1,247	$	16,793

Schedule of changes in carrying amount of goodwill by reportable segment

Changes in carrying amount of goodwill by reportable segment is as follows:

	Trucking		USAT Logistics
	(in thousands)
Balance at December 31, 2018	$	4,926	$	—
Working capital adjustment		305		—
Balance at September 30, 2019	$	5,231	$	—

Schedule of expected remaining amortization

	(in thousands)
2019 (remaining)	$	315
2020		1,346
2021		1,288
2022		1,288
2023		1,288
2024		1,288
Thereafter		4,980
Total	$	11,793