GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The change in carrying amount of goodwill is as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Balance, December 31, 2020	$	1,203,972	$	213,982	$	69,233	$	1,487,187
Acquisitions	243		—		—		243
Translation	(1,974)		(1,386)		(510)		(3,870)
Balance March 31, 2021	$	1,202,241	$	212,596	$	68,723	$	1,483,560

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”). We considered whether there were any changes in circumstances indicating that our goodwill might be impaired, including consideration of the impacts of the novel coronavirus

(“COVID-19”) on financial markets and our business operations, and determined the more likely than not criteria had not been met, and therefore a Step One Analysis was not required as of March 31, 2021.

Identifiable intangible assets consisted of the following (in thousands):


	March 31, 2021						December 31, 2020
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Finite-lived intangibles
Customer relationships	$	170,223	$	(72,854)	$	97,369	$	171,684	$	(67,312)	$	104,372
Trademarks	—		—		—		1,875		(937)		938
Total finite-lived intangibles	170,223		(72,854)		97,369		173,559		(68,249)		105,310
Indefinite-lived intangibles
Trademarks	8,600		—		8,600		8,600		—		8,600
Total intangibles	$	178,823	$	(72,854)	$	105,969	$	182,159	$	(68,249)	$	113,910

Amortization expense for other intangible assets is as follows (in thousands):


	Three Months Ended March 31,
		2021		2020
Amortization expense		$	7,086	$	8,376

Finite-lived intangible assets, by reportable segment, as of March 31, 2021, will be amortized over their remaining lives as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Remaining 2021	$	6,132	$	11,687	$	479	$	18,298
2022	8,096		15,582		639		24,317
2023	8,096		12,787		639		21,522
2024	7,944		3,815		639		12,398
2025	7,857		2,500		639		10,996
Thereafter	9,167		406		265		9,838
Total							$	97,369