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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2013
GOODWILL AND INTANGIBLE ASSETS  
Schedule of goodwill by reportable operating segment

 

 

 

Premium Logistics

 

 

 

 

 

Household Goods

 

and Expedited

 

 

 

 

 

Moving Services

 

Freight Services

 

Total

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Balance December 31, 2012

 

$

3,660

 

$

69,529

 

$

73,189

 

Purchase accounting adjustments

 

 

1,567

 

1,567

 

Goodwill acquired

 

1,692

 

 

1,692

 

Balance June 30, 2013

 

$

5,352

 

$

71,096

 

$

76,448

 

Schedule of intangible assets

Intangible assets consisted of the following as of June 30, 2013:

 

 

 

Weighted Average

 

 

 

Accumulated

 

Net

 

 

 

Amortization Period

 

Cost

 

Amortization

 

Value

 

 

 

(in years)

 

 

 

(in thousands)

 

 

 

Finite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

14

 

 

$

43,500

 

$

3,237

 

$

40,263

 

Driver network

 

3

 

 

3,200

 

1,111

 

2,089

 

 

 

13

 

 

46,700

 

4,348

 

42,352

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

Trade name

 

N/A

 

 

32,300

 

N/A

 

32,300

 

Other

 

N/A

 

 

2,822

 

N/A

 

2,822

 

 

 

 

 

 

35,122

 

 

 

35,122

 

Total intangible assets

 

N/A

 

 

$

81,822

 

$

4,348

 

$

77,474