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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Fair Value as of the Measurement Date
The fair value as of the measurement date, net book value as of the end of the year and related impairment charge for assets measured at fair value on a nonrecurring basis subsequent to initial recognition during the years ended December 31, 2019, 2018 and 2017 were as follows:
 
Year Ended December 31, 2019
 
Impairment Charge
 
Fair Value Measurement (Level 3)
 
Net Book Value
Long-lived assets
$
30,613

 
$
10,794

 
$
10,794

Goodwill
167,561

 
97,265

 
97,265

Other intangible assets
9,535

 

 

Total
$
207,709

 
$
108,059

 
$
108,059

 
 
 
 
 
 
 
Year Ended December 31, 2018
 
Impairment Charge
 
Fair Value Measurement (Level 3)
 
Net Book Value
Long-lived assets
$
1,582

 
$
2,271

 
$
2,271

Total
$
1,582

 
$
2,271

 
$
2,271

 
 
 
 
 
 
 
Year Ended December 31, 2017
 
Impairment Charge
 
Fair Value Measurement (Level 3)
 
Net Book Value
Goodwill
$
4,402

 
$
264,826

 
$
264,826

Total
$
4,402

 
$
264,826

 
$
264,826

Sensitivity analysis of reporting units' fair value
table below shows the estimated fair value impacts related to a 50-basis point increase or decrease in the discount and long-term growth rates used in the valuation as of December 31, 2019.
 
Approximate Percent Change in Estimated Fair Value
 
+/- 50 bps Discount Rate
 
+/- 50bps Growth Rate
Domestic and International Logistics reporting unit
(1.7%) / 3.4%
 
1.7% / (0.9%)
Rollforward of goodwill by reportable segment
The following is a roll forward of the Company's accumulated goodwill impairment charges as of December 31, 2019 by segment (in thousands):
 
Ascent TM
 
Ascent OD
 
LTL
 
TL
 
Total
Balance as of December 31, 2016
$
42,631

 
$

 
$
197,312

 
$
132,408

 
$
372,351

Impairment charges in 2017
4,402

 

 

 

 
4,402

Impairment charges in 2018

 

 

 

 

Impairment charges in 2019
74,635

 

 

 
92,926

 
167,561

Balance as of December 31, 2019
$
121,668

 
$

 
$
197,312

 
$
225,334

 
$
544,314


The following is a roll forward of the Company's goodwill, net of impairment, from December 31, 2016 to December 31, 2019 (in thousands):
 
Ascent TM
 
Ascent OD
 
LTL
 
TL
 
Total
Goodwill balance as of December 31, 2016
$
219,145

 
$

 
$

 
$
93,396

 
$
312,541

Adjustments to goodwill for purchase accounting

 

 

 
(470
)
 
(470
)
Adjustment to goodwill for sale of Unitrans
(42,843
)
 

 

 

 
(42,843
)
Goodwill impairment charges
(4,402
)
 

 

 

 
(4,402
)
Goodwill balance as of December 31, 2017
$
171,900

 
$

 
$

 
$
92,926

 
$
264,826

Goodwill balance as of December 31, 2018
$
171,900

 
$

 
$

 
$
92,926

 
$
264,826

Goodwill impairment charges
(74,635
)
 

 

 
(92,926
)
 
(167,561
)
Goodwill balance as of December 31, 2019
$
97,265

 
$

 
$

 
$

 
$
97,265

Intangible assets
 
2019
 
2018
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Value
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Value
Ascent TM
$
27,152

 
$
(19,534
)
 
$
7,618

 
$
27,152

 
$
(17,248
)
 
$
9,904

Ascent OD
31,547

 
(13,710
)
 
17,837

 
31,547

 
(11,139
)
 
20,408

LTL
800

 
(800
)
 

 
2,498

 
(1,925
)
 
573

TL
4,508

 
(3,980
)
 
528

 
23,461

 
(11,820
)
 
11,641

Total intangible assets
$
64,007

 
$
(38,024
)
 
$
25,983

 
$
84,658

 
$
(42,132
)
 
$
42,526

Estimated amortization expense
Estimated amortization expense for each of the next five years based on intangible assets as of December 31, 2019 is as follows (in thousands): 
Year Ending:
 
 
2020
 
$
4,706

2021
 
4,561

2022
 
4,229

2023
 
4,061

2024
 
3,444

Thereafter
 
4,982

Total
 
$
25,983