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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2023
GOODWILL AND INTANGIBLE ASSETS  
Schedule of intangible assets

March 31, 2023

December 31, 2022(1)

 

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

 

12

$

99,579

$

45,040

$

54,539

$

99,579

$

42,933

$

56,646

Other

8

29,998

6,215

23,783

29,914

5,127

24,787

 

11

 

129,577

 

51,255

 

78,322

129,493

 

48,060

 

81,433

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

$

161,877

$

51,255

$

110,622

$

161,793

$

48,060

$

113,733

(1)The December 31, 2022 balances reflect the reclassification of intangibles of FleetNet to discontinued operations.

Schedule of future amortization for intangible assets

    

Amortization of

    

Intangible Assets

 

(in thousands)

Remainder of 2023

$

9,586

2024

 

12,778

2025

 

12,778

2026

 

8,671

2027

7,247

Thereafter

27,262

Total amortization

$

78,322