Acquisition (Tables)

6 Months Ended

Jun. 30, 2019

CaseStack, Inc. [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	$	249,389
Deferred purchase consideration		3,469
Total consideration	$	252,858

Allocation of Total Consideration to Assets Acquired and Liabilities Assumed

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

Accounts receivable trade	$	31,896
Prepaid expenses and other current assets		694
Property and equipment		3,247
Deferred tax assets		6,433
Goodwill		166,070
Other intangibles		75,600
Other assets		120
Total assets acquired	$	284,060
Accounts payable trade	$	24,542
Accrued payroll		2,811
Accrued other		3,849
Total liabilities assumed	$	31,202
Total consideration	$	252,858

Components of Other Intangibles Acquired

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

			Accumulated		Balance at		Estimated Useful
	Amount		Amortization		June 30, 2019		Life
Customer relationships - logistics services	$	65,600	$	3,827	$	61,773	10 years
Customer relationships - transportation services	$	8,700	$	1,015	$	7,685	5 years
Trade name	$	1,300	$	506	$	794	18 months

Amortization Expense

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

	Total
Remainder 2019	$	4,584
2020	$	8,661
2021	$	8,300
2022	$	8,300
2023	$	8,155

CaseStack, Inc. and Hub Group Dedicated [Member]

Unaudited Pro forma Consolidated Results of Operations

The following unaudited pro forma consolidated results of operations presents the effects of CaseStack as though it had been acquired as of January 1, 2018 (in thousands, except for per share amounts):

	Three Months Ended		Six Months Ended
	June 30, 2018		June 30, 2018
Revenue	$	955,180	$	1,853,199
Income from continuing operations	$	18,771	$	32,086
Earnings per share (1)
Basic	$	0.56	$	0.96
Diluted	$	0.56	$	0.96

(1) Earnings per share is from continuing operations.