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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes changes in the carrying amount of goodwill by segment for the years ended December 31, 2023 and 2022 (in thousands):
TTSWerner LogisticsTotal
Balance as of December 31, 2021$38,084 $36,534 $74,618 
Goodwill recorded in acquisition of ReedTMS10,341 42,500 52,841 
Goodwill recorded in acquisition of Baylor5,472 — 5,472 
Purchase accounting adjustments (1)
— (214)(214)
Balance as of December 31, 202253,897 78,820 132,717 
Purchase accounting adjustments (1)
(7,841)$4,228 (3,613)
Balance as of December 31, 2023$46,056 $83,048 $129,104 
(1) The purchase accounting adjustments consist of post-closing adjustments related to net assets assumed in the acquisitions of NEHDS and ReedTMS for the years ended December 31, 2022 and 2023, respectively. For additional information regarding the ReedTMS purchase accounting adjustments, see Note 2 – Business Acquisitions.
Schedule of Acquired Intangible Assets
The following table presents acquired intangible assets (in thousands):
December 31,
20232022
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Customer relationships$80,200 $(13,989)$66,211 $64,900 $(5,714)$59,186 
Trade names24,600 (4,334)20,266 24,600 (2,284)22,316 
Total intangible assets$104,800 $(18,323)$86,477 $89,500 $(7,998)$81,502 
Schedule of Future Amortization Expense of Intangible Assets
As of December 31, 2023, the estimated future amortization expense for intangible assets by year is as follows (in thousands):
2024$10,070 
202510,070 
202610,070 
202710,070 
202810,070 
Thereafter (to 2034)36,127 
Total$86,477