GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2020

GOODWILL AND INTANGIBLE ASSETS

Schedule of goodwill by reportable operating segment

	Total		ArcBest		FleetNet
	(in thousands)
Balances at December 31, 2018	$	108,320	$	107,690	$	630
Goodwill impairment(1)		(20,000)		(20,000)		—
Balances at December 31, 2019 and 2020(2)	$	88,320	$	87,690	$	630
Accumulated impairment at December 31, 2019 and 2020	$	(20,000)	$	(20,000)	$	—

(1) Goodwill impairment charge related to the ArcBest segment further described within this Note.

(2) Goodwill was not adjusted during the year ended December 31, 2020.

Schedule of intangible assets

Intangible assets consisted of the following as of December 31:

		2020						2019
	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	$	52,721	$	30,477	$	22,244	$	52,721	$	26,667	$	26,054
Other	13		980		543		437		1,294		816		478
	14		53,701		31,020		22,681		54,015		27,483		26,532
Indefinite-lived intangible assets
Trade name	N/A		32,300		N/A		32,300		32,300		N/A		32,300
Total intangible assets	N/A	$	86,001	$	31,020	$	54,981	$	86,315	$	27,483	$	58,832

Schedule of future amortization for intangible assets

	Amortization of
	Intangible Assets
	(in thousands)
2021	$	3,838
2022		3,815
2023		3,722
2024		3,689
2025		3,674
Thereafter		3,943
Total amortization	$	22,681