XML 113 R18.htm IDEA: XBRL DOCUMENT v2.4.1.9
Intangible Assets
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS
INTANGIBLE ASSETS
 
 
December 31,
 
 
2014
 
2013
 
 
(In thousands)
Indefinite lived intangible assets — Trade name
 
$
9,084

 
9,084

Finite lived intangible assets:
 
 
 
 
Customer relationship intangibles
 
97,922

 
95,683

Other intangibles, primarily trade name
 
2,367

 
2,254

Accumulated amortization
 
(42,374
)
 
(35,478
)
 
 
57,915

 
62,459

Foreign currency translation adjustment
 
(380
)
 
863

Total
 
$
66,619

 
72,406


 
The Ryder trade name has been identified as having an indefinite useful life. Customer relationship intangibles are being amortized on a straight-line basis over their estimated useful lives, generally 7-19 years. We recorded amortization expense associated with finite lived intangible assets of approximately $7 million in 2014 and $8 million in both 2013 and 2012. The future amortization expense for each of the five succeeding years related to all intangible assets that are currently recorded in the Consolidated Balance Sheets is estimated to range from $6 - $7 million per year for 2015 - 2019.