GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
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12 Months Ended |
Dec. 31, 2022 |
Goodwill and Intangible Assets Disclosure [Abstract] |
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Schedule of Goodwill |
The change in the carrying amount of goodwill is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | NAST | | Global Forwarding | | All Other and Corporate | | Total | December 31, 2020 balance | $ | 1,203,972 | | | $ | 213,982 | | | $ | 69,233 | | | $ | 1,487,187 | | Acquisitions | 243 | | | — | | | 10,754 | | | 10,997 | | Foreign currency translation | (7,882) | | | (3,591) | | | (1,957) | | | (13,430) | | December 31, 2021 balance | 1,196,333 | | | 210,391 | | | 78,030 | | | 1,484,754 | | Foreign currency translation | (8,257) | | | (4,202) | | | (1,482) | | | (13,941) | | December 31, 2022 balance | $ | 1,188,076 | | | $ | 206,189 | | | $ | 76,548 | | | $ | 1,470,813 | |
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Schedule of Intangible Assets |
Identifiable intangible assets consisted of the following as of December 31 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2022 | | 2021 | | Cost | | Accumulated Amortization | | Net | | Cost | | Accumulated Amortization | | Net | Finite-lived intangibles | | | | | | | | | | | | Customer relationships | $ | 162,358 | | | $ | (106,932) | | | $ | 55,426 | | | $ | 169,308 | | | $ | (88,302) | | | $ | 81,006 | | | | | | | | | | | | | | | | | | | | | | | | | | Total finite-lived intangibles | 162,358 | | | (106,932) | | | 55,426 | | | 169,308 | | | (88,302) | | | 81,006 | | Indefinite-lived intangibles | | | | | | | | | | | | Trademarks | 8,600 | | | — | | | 8,600 | | | 8,600 | | | — | | | 8,600 | | Total intangibles | $ | 170,958 | | | $ | (106,932) | | | $ | 64,026 | | | $ | 177,908 | | | $ | (88,302) | | | $ | 89,606 | |
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Schedule of Amortization Expense |
Amortization expense for other intangible assets was (in thousands): | | | | | | 2022 | $ | 23,445 | | 2021 | 25,494 | | 2020 | 36,225 | |
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Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
Finite-lived intangible assets, by reportable segment, as of December 31, 2022, will be amortized over their remaining lives as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | NAST | | Global Forwarding | | All Other and Corporate | | Total | 2023 | $ | 8,084 | | | $ | 11,529 | | | $ | 1,072 | | | $ | 20,685 | | 2024 | 8,008 | | | 3,493 | | | 1,072 | | | 12,573 | | 2025 | 7,857 | | | 2,272 | | | 1,072 | | | 11,201 | | 2026 | 7,857 | | | 369 | | | 735 | | | 8,961 | | 2027 | 1,310 | | | — | | | 491 | | | 1,801 | | Thereafter | — | | | — | | | 205 | | | 205 | | Total | | | | | | | $ | 55,426 | |
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