GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2022

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, 2021	$	1,196,333	$	210,391	$	78,030	$	1,484,754

Foreign currency translation	3,323		634		(95)		3,862
Balance March 31, 2022	$	1,199,656	$	211,025	$	77,935	$	1,488,616

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”). As part of our Step Zero Analysis, we determined that more likely than not criteria had not been met, and therefore a Step One Analysis was not required as of March 31, 2022.

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


	March 31, 2022						December 31, 2021
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Finite-lived intangibles
Customer relationships	$	171,902	$	(96,491)	$	75,411	$	169,308	$	(88,302)	$	81,006


Indefinite-lived intangibles
Trademarks	8,600		—		8,600		8,600		—		8,600
Total intangibles	$	180,502	$	(96,491)	$	84,011	$	177,908	$	(88,302)	$	89,606

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


	Three Months Ended March 31,
		2022		2021
Amortization expense		$	6,034	$	7,086

Finite-lived intangible assets, by reportable segment, as of March 31, 2022, will be amortized over their remaining lives as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Remaining 2022	$	6,073	$	11,614	$	836	$	18,523
2023	8,096		12,477		1,118		21,691
2024	7,986		3,693		1,118		12,797
2025	7,857		2,372		1,118		11,347
2026	7,857		391		766		9,014
Thereafter	1,310		—		729		2,039
Total							$	75,411