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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2017
GOODWILL AND INTANGIBLE ASSETS  
Schedule of goodwill by reportable operating segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Total

    

ArcBest

    

FleetNet

    

 

 

(in thousands)

Balances at December 31, 2016

 

$

108,875

 

$

108,245

 

$

630

 

Purchase accounting adjustments

 

 

106

 

 

106

 

 

 

Balances at September 30, 2017

 

$

108,981

 

$

108,351

 

$

630

 

 

 

 

Schedule of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2017

 

December 31, 2016

 

 

 

Weighted-Average

 

 

 

 

Accumulated

 

Net

 

 

 

 

Accumulated

 

Net

 

 

    

Amortization Period

    

Cost

    

Amortization

    

Value

    

 

Cost

    

Amortization

    

Value

 

 

 

(in years)

 

(in thousands)

 

(in thousands)

 

Finite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

14

 

$

60,431

 

$

18,647

 

$

41,784

 

$

60,431

 

$

15,350

 

$

45,081

 

Driver network

 

 3

 

 

3,200

 

 

3,200

 

 

 —

 

 

3,200

 

 

3,200

 

 

 —

 

Other

 

 9

 

 

1,032

 

 

513

 

 

519

 

 

1,032

 

 

406

 

 

626

 

 

 

13

 

 

64,663

 

 

22,360

 

 

42,303

 

 

64,663

 

 

18,956

 

 

45,707

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

 

N/A

 

 

32,300

 

 

N/A

 

 

32,300

 

 

32,300

 

 

N/A

 

 

32,300

 

Other

 

N/A

 

 

2,500

 

 

N/A

 

 

2,500

 

 

2,500

 

 

N/A

 

 

2,500

 

 

 

 

 

 

34,800

 

 

 

 

 

34,800

 

 

34,800

 

 

 

 

 

34,800

 

Total intangible assets

 

N/A

 

$

99,463

 

$

22,360

 

$

77,103

 

$

99,463

 

$

18,956

 

$

80,507

 

 

Schedule of future amortization for intangible assets and acquired software

The future amortization for intangible assets and acquired software as of September 30, 2017 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

    

    

 

        

Intangible

    

Acquired

 

 

 

Total

 

Assets

 

Software(1)

 

 

 

(in thousands)

 

2017

 

$

1,664

 

$

1,134

 

$

530

 

2018

 

 

6,641

 

 

4,520

 

 

2,121

 

2019

 

 

5,464

 

 

4,482

 

 

982

 

2020

 

 

4,471

 

 

4,454

 

 

17

 

2021

 

 

4,418

 

 

4,412

 

 

 6

 

Thereafter

 

 

23,301

 

 

23,301

 

 

 —

 

Total amortization

 

$

45,959

 

$

42,303

 

$

3,656

 

 


(1)

Acquired software is reported in property, plant and equipment.