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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The changes in the carrying amount of the Company’s goodwill by reportable segment for the years ended December 31, 2023, 2022 are as follows (in thousands):
WarehouseTransportationThird-party managedTotal
(In thousands)
December 31, 2021$1,040,115 $29,654 $3,211 $1,072,980 
Goodwill acquired
3,076 — — 3,076 
Purchase price allocation adjustments(5,048)— — (5,048)
Derecognition of Goodwill upon deconsolidation of entity(6,653)— — (6,653)
Goodwill Impairment— — (3,211)(3,211)
Impact of foreign currency translation
(27,507)— — (27,507)
Other adjustments(14,697)14,697 — — 
December 31, 2022$989,286 $44,351 $— $1,033,637 
Purchase price allocation adjustments
(4,348)— — (4,348)
Goodwill Impairment(236,515)— — (236,515)
Impact of foreign currency translation
1,230 — — 1,230 
December 31, 2023$749,653 $44,351 $— $794,004 
Refer to Note 2-Summary of Significant Accounting Policies for additional information regarding the goodwill impairment charges recorded during 2023 and 2022.
Intangible assets, other than goodwill, are as follow as of December 31, 2023 and 2022 (in thousands):
As of
December 31, 2023December 31, 2022
Intangible assetGross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Customer relationship$1,023,107 $(141,077)$882,030 $1,013,258 $(103,615)$909,643 
In-place lease and assembled workforce$4,254 $(3,946)$308 $4,825 $(4,322)$503 
Trade name $16,700 $(1,623)$15,077 $16,700 $(1,623)$15,077 
Total intangible assets, other than goodwill$1,044,061 $(146,646)$897,415 $1,034,783 $(109,560)$925,223 
The change in gross carrying amount for customer relationship assets from December 31, 2022 to 2023 is due to a increase in foreign exchange rate movement of $9.8 million. The change in accumulated amortization for intangible assets from December 31, 2022 to 2023 is due to amortization expense of $36.9 million.
The estimated amortization for each of the next five years is approximately $37.0 million, and approximately $697.4 million thereafter. The weighted average remaining useful life as of December 31, 2023 for our customer relationships is 26 years and for our assembled workforce is 2.8 years. There is no remaining net carrying amount
related to In-place lease as of December 31, 2023. Additionally, we have an indefinite-lived Trade name asset with a carrying value of $15.1 million as of December 31, 2023 and 2022, respectively.