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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Carrying Amount of Goodwill

The following table presents the carrying amount of goodwill (in thousands):

 

 

 

 

 

 

 

 

Hub Group

 

 

Hub

 

Mode

 

Total

 

Balance at January 1, 2015

$

233,424

 

$

29,389

 

$

262,813

 

Other

 

(219

)

-

 

 

(219

)

Balance at December 31, 2015

 

233,205

 

 

29,389

 

 

262,594

 

Other

 

(218

)

-

 

 

(218

)

Balance at December 31, 2016

$

232,987

 

$

29,389

 

$

262,376

 

 

Components of Other Intangible Assets

The components of the “Other intangible assets” are as follows (in thousands):

 

 

 

 

 

 

 

Net

 

 

 

 

Gross

 

Accumulated

 

Carrying

 

 

 

As of December 31, 2016:

Amount

 

Amortization

 

Value

 

Life

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

5,181

 

$

(3,792

)

$

1,389

 

7-15  years

 

 

 

 

 

 

 

 

 

 

 

 

 

Mode

 

 

 

 

 

 

 

 

 

 

 

Agency/customer relationships

$

15,362

 

$

(4,907

)

$

10,455

 

18  years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub Group Total

$

20,543

 

$

(8,699

)

$

11,844

 

 

 

 

 

 

 

 

 

 

 

Net

 

 

 

 

Gross

 

Accumulated

 

Carrying

 

 

 

As of December 31, 2015:

Amount

 

Amortization

 

Value

 

Life

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

5,181

 

$

(3,350

)

$

1,831

 

7-15  years

 

 

 

 

 

 

 

 

 

 

 

 

 

Mode

 

 

 

 

 

 

 

 

 

 

 

Agency/customer relationships

$

15,362

 

$

(4,054

)

$

11,308

 

18  years

 

 

 

 

 

 

 

 

 

 

 

 

 

Hub Group Total

$

20,543

 

$

(7,404

)

$

13,139

 

 

 

 

 

Amortization Expense

Amortization expense for the next five years is as follows (in thousands):

 

 

 

 

 

 

 

 

Hub Group

 

 

Hub

 

Mode

 

Total

 

2017

$

442

 

$

853

 

$

1,295

 

2018

 

395

 

 

853

 

 

1,248

 

2019

 

255

 

 

853

 

 

1,108

 

2020

 

255

 

 

853

 

 

1,108

 

2021

 

42

 

 

853

 

 

895