XML 27 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill was allocated to each segment based on their relative fair value at November 30, 2016, due to the reorganization of our reporting structure. After that date, we allocate goodwill to reporting units based on the reporting unit expected to benefit from the business combination. The change in the carrying amount of goodwill is as follows (in thousands):
 
 
NAST
 
Global Forwarding
 
Robinson Fresh
 
All Other and Corporate
 
Total
December 31, 2016 balance
 
$
907,230

 
$
159,050

 
$
139,558

 
$
26,958

 
$
1,232,796

Acquisitions
 
3,673

 
24,918

 

 

 
28,591

Foreign currency translation
 
10,583

 
1,905

 
1,627

 
314

 
14,429

December 31, 2017 balance
 
921,486

 
185,873

 
141,185

 
27,272

 
1,275,816

Acquisitions
 
(40
)
 
33

 

 

 
(7
)
Foreign currency translation
 
(11,038
)
 
(3,877
)
 
(1,653
)
 
(319
)
 
(16,887
)
December 31, 2018 balance
 
$
910,408

 
$
182,029

 
$
139,532

 
$
26,953

 
$
1,258,922



Goodwill is tested at least annually for impairment on November 30, or more frequently if events or changes in circumstances indicate that the asset might be impaired. We first perform a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting units is less than their respective carrying value (“Step Zero Analysis”). If the Step Zero Analysis indicates it is more likely than not that the fair value of our reporting units is less than their respective carrying value, an additional impairment assessment is performed (“Step One Analysis”). Based on our Step Zero Analysis, we determined that the more likely than not criteria had not been met, and therefore a Step 1 Analysis was not required.

No goodwill or intangible asset impairment has been recorded in any period presented.
Identifiable intangible assets consisted of the following at December 31 (in thousands): 
 
2018
 
2017
 
Cost
 
Accumulated Amortization
 
Net
 
Cost
 
Accumulated Amortization
 
Net
Finite-lived intangibles
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
$
254,293

 
$
(156,006
)
 
$
98,287

 
$
263,093

 
$
(122,103
)
 
$
140,990

Non-competition agreements
300

 
(240
)
 
60

 
300

 
(180
)
 
120

Total finite-lived intangibles
254,593

 
(156,246
)
 
98,347

 
263,393

 
(122,283
)
 
141,110

Indefinite-lived intangibles
 
 
 
 
 
 
 
 
 
 
 
Trademarks
10,475

 

 
10,475

 
10,475

 

 
10,475

Total intangibles
$
265,068

 
$
(156,246
)
 
$
108,822

 
$
273,868

 
$
(122,283
)
 
$
151,585



Amortization expense for other intangible assets was (in thousands): 
2018
$
36,886

2017
36,273

2016
27,053


Finite-lived intangible assets, by reportable segment, as of December 31, 2018, will be amortized over their remaining lives as follows (in thousands):
 
NAST
 
Global Forwarding
 
Robinson Fresh
 
All Other and Corporate
 
Total
2019
$
7,800

 
$
28,413

 
$

 
$

 
$
36,213

2020
240

 
25,710

 

 

 
25,950

2021
240

 
12,188

 

 

 
12,428

2022
240

 
12,188

 

 

 
12,428

2023
240

 
9,595

 

 

 
9,835

Thereafter
219

 
1,274

 

 

 
1,493

Total

 
 
 
 
 
 
 
$
98,347