GOODWILL & OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

As further described in Note 19, the Company has established two operating and reportable segments: Transportation Solutions (“TS”) and Parts & Services (“P&S”). These operating and reportable segments have also been determined to be the applicable reporting units for purposes of goodwill assignment and evaluation. As of June 30, 2023, goodwill allocated to the TS and P&S segments was approximately $120.5 million and $67.9 million, respectively. The Company considered whether there were any indicators of impairment during the three and six months ended June 30, 2023 and concluded there were none.

The changes in the carrying amounts of goodwill from December 31, 2021 through the six-month period ended June 30, 2023 were as follows (in thousands):


	Transportation Solutions		Parts & Services		Total




















Balance at December 31, 2021
Goodwill	$	188,764	$	108,079	$	296,843
Accumulated impairment losses	(68,257)		(40,143)		(108,400)
Net balance as of December 31, 2021	120,507		67,936		188,443


Effects of foreign currency	(5)		(4)		(9)
Balance at December 31, 2022
Goodwill	188,759		108,075		296,834
Accumulated impairment losses	(68,257)		(40,143)		(108,400)
Net balance as of December 31, 2022	120,502		67,932		188,434
Effects of foreign currency	(8)		(4)		(12)
Balance at March 31, 2023
Goodwill	188,751		108,071		296,822
Accumulated impairment losses	(68,257)		(40,143)		(108,400)
Net balance as of March 31, 2023	120,494		67,928		188,422
Effects of foreign currency	(7)		(4)		(11)
Balance at June 30, 2023
Goodwill	188,744		108,067		296,811
Accumulated impairment losses	(68,257)		(40,143)		(108,400)
Net balance as of June 30, 2023	$	120,487	$	67,924	$	188,411