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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill
The changes in the carrying amount of the Company’s goodwill by reportable segment for the years ended December 31, 2018, 2017 and 2016 are as follows:
 
Warehouse
Third-party managed
Transportation
Total
 
(In thousands)
December 31, 2015
$
171,498

$
3,179

$
12,248

$
186,925

Impact of foreign currency translation
196

(123
)
(57
)
16

Write-offs
(112
)

(24
)
(136
)
December 31, 2016
171,582

3,056

12,167

186,805

Impact of foreign currency translation
972

8

384

1,364

December 31, 2017
172,554

3,064

12,551

188,169

Impact of foreign currency translation
(1,658
)
(174
)
(242
)
(2,074
)
December 31, 2018
$
170,896

$
2,890

$
12,309

$
186,095

Schedule of Intangible Assets Not Subject to Amortization
Intangible assets subject to amortization as of December 31, 2018 and 2017 are as follows:
 
Customer relationships
Above-market leases
In-place lease
Below-market leases
Total
 
(In thousands, except years)
 
Gross
$
33,788

$
143

$
3,778

$
9,126

$
46,835

Additions





Accumulated amortization
(30,169
)
(38
)
(1,004
)
(5,644
)
(36,855
)
Net definite lived intangible assets
$
3,619

$
105

$
2,774

$
3,482

9,980

Indefinite lived intangible asset (Trade name)
 
 
15,076

 Identifiable intangible assets – net, December 31, 2018
 
$
25,056

Weighted-average remaining useful life at December 31, 2018
9.1

4.8

4.8

33.2

 
 
 
 
 
 
 
Gross
$
33,788

$

$

$
9,126

$
42,914

Additions

143

3,778


3,921

Accumulated amortization
(29,328
)
(16
)
(430
)
(5,492
)
(35,266
)
Net definite lived intangible assets
$
4,460

$
127

$
3,348

$
3,634

11,569

Indefinite lived intangible asset (Trade name)
 
 
15,076

 Identifiable intangible assets – net, December 31, 2017
 
$
26,645

Weighted-average remaining useful life at December 31, 2017
10.0

5.8

5.8

33.8

 
Schedule of Intangible Assets Subject to Amortization
Intangible assets subject to amortization as of December 31, 2018 and 2017 are as follows:
 
Customer relationships
Above-market leases
In-place lease
Below-market leases
Total
 
(In thousands, except years)
 
Gross
$
33,788

$
143

$
3,778

$
9,126

$
46,835

Additions





Accumulated amortization
(30,169
)
(38
)
(1,004
)
(5,644
)
(36,855
)
Net definite lived intangible assets
$
3,619

$
105

$
2,774

$
3,482

9,980

Indefinite lived intangible asset (Trade name)
 
 
15,076

 Identifiable intangible assets – net, December 31, 2018
 
$
25,056

Weighted-average remaining useful life at December 31, 2018
9.1

4.8

4.8

33.2

 
 
 
 
 
 
 
Gross
$
33,788

$

$

$
9,126

$
42,914

Additions

143

3,778


3,921

Accumulated amortization
(29,328
)
(16
)
(430
)
(5,492
)
(35,266
)
Net definite lived intangible assets
$
4,460

$
127

$
3,348

$
3,634

11,569

Indefinite lived intangible asset (Trade name)
 
 
15,076

 Identifiable intangible assets – net, December 31, 2017
 
$
26,645

Weighted-average remaining useful life at December 31, 2017
10.0

5.8

5.8

33.8

 
Schedule of Estimated Amortization of Intangible Assets
The following table describes the estimated amortization of intangible assets for the next five years and thereafter. In addition, the table describes the net impact on rent expense due to the amortization of below-market leases for the next five years and thereafter:
 
Estimated Amortization of Customer Relationships and In-Place Lease Intangible Assets
Estimated Net Decrease to Lease Revenue Related to Amortization of Above-Market Leases
Estimated Net Increase to Lease Expense Related to Amortization of Below-Market Leases
 
(In thousands)
Years Ending December 31:
 
 
 
2019
$
1,329

$
22

$
151

2020
1,240

22

151

2021
1,151

22

151

2022
1,062

22

151

2023
878

17

106

Thereafter
733


2,772

Total
$
6,393

$
105

$
3,482