Acquisition (Tables)

12 Months Ended

Dec. 31, 2017

Amortization Expense

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

					Hub Group
	Hub		Mode		Total
2018	$	4,795	$	853	$	5,648
2019		4,655		853		5,508
2020		4,655		853		5,508
2021		4,442		853		5,295
2022		4,400		853		5,253

Estenson Logistics, LLC [Member]

Summary of Total Purchase Price Allocated to Net Assets Acquired

The following table summarizes the total purchase price allocated to the net assets acquired (in thousands):

Cash paid	$	165,945
Consideration payable		1,366
Contingent consideration, fair value		4,703
Total consideration		172,014
Equipment debt assumed		112,677
Total base purchase price	$	284,691

Preliminary Allocation of Total Consideration to Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the total consideration to the assets acquired and liabilities assumed as of the date of the acquisition (in thousands):

	July 1, 2017
Cash and cash equivalents	$	12
Accounts receivable trade		26,830
Accounts receivable other		165
Prepaid expenses and other current assets		1,500
Property and equipment		128,477
Other intangibles		66,400
Goodwill		86,504
Other assets		64
Total assets acquired	$	309,952
Accounts payable trade	$	4,542
Accrued payroll		5,661
Accrued other		15,058
Equipment debt		112,677
Total liabilities assumed	$	137,938
Total consideration	$	172,014

Components of Other Intangibles Acquired

The components of “Other intangibles” listed in the above table as of the acquisition date are preliminarily estimated as follows (in thousands):

			Accumulated		Balance at		Estimated Useful
	Amount		Amortization		December 31, 2017		Life
Customer relationships	$	66,000	$	2,200	$	63,800	15 years
Trade name	$	400	$	400	$	0	3 months

Amortization Expense

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

2018	$4,400
2019	4,400
2020	4,400
2021	4,400
2022	4,400

Unaudited Pro forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations for 2017 and 2016 assume that the acquisition of Estenson was completed as of January 1, 2016 (in thousands, except for per share amounts):

	Twelve Months		Twelve Months
	Ended		Ended
	December 31, 2017		December 31, 2016
Revenue	$	4,148,918	$	3,784,604
Net income	$	139,300	$	81,984
Earnings per share
Basic	$	4.19	$	2.42
Diluted	$	4.18	$	2.41