GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 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	(7,319)		(2,907)		(1,673)		(11,899)
Balance, June 30, 2022	$	1,189,014	$	207,484	$	76,357	$	1,472,855

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 June 30, 2022.

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


	June 30, 2022						December 31, 2021
	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Finite-lived intangibles
Customer relationships	$	163,580	$	(96,391)	$	67,189	$	169,308	$	(88,302)	$	81,006


Indefinite-lived intangibles
Trademarks	8,600		—		8,600		8,600		—		8,600
Total intangibles	$	172,180	$	(96,391)	$	75,789	$	177,908	$	(88,302)	$	89,606

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


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Amortization expense	$	5,957	$	6,200	$	11,991	$	13,286

Finite-lived intangible assets, by reportable segment, as of June 30, 2022, will be amortized over their remaining lives as follows (in thousands):


	NAST		Global Forwarding		All Other and Corporate		Total
Remaining 2022	$	4,048	$	7,107	$	529	$	11,684
2023	8,096		11,685		1,058		20,839
2024	7,990		3,521		1,058		12,569
2025	7,857		2,606		1,058		11,521
2026	7,857		—		723		8,580
Thereafter	1,310		—		686		1,996
Total							$	67,189