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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2015
GOODWILL AND INTANGIBLE ASSETS  
Schedule of goodwill by reportable operating segment

 

 

 

 

 

 

 

 

ABF

 

ABF

 

 

 

 

 

 

 

Total

 

Panther

 

Moving

 

Logistics

 

FleetNet

 

Other

 

 

 

(in thousands)

 

Balances December 31, 2014

 

$

77,078 

 

$

71,096 

 

$

5,352 

 

$

 

$

630 

 

$

 

Goodwill acquired(1)

 

3,618 

 

 

 

2,914 

 

 

704 

 

Balances March 31, 2015

 

$

80,696 

 

$

71,096 

 

$

5,352 

 

$

2,914 

 

$

630 

 

$

704 

 

 

(1)

Goodwill related to the acquisition of Smart Lines Transportation Group, LLC is expected to be fully deductible for tax purposes. The fair value assessment of assets and liabilities acquired with this business was based on preliminary information as of March 31, 2015.

 

Schedule of intangible assets

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

March 31, 2015

 

December 31, 2014

 

 

 

Amortization

 

 

 

Accumulated

 

Net

 

 

 

Accumulated

 

Net

 

 

 

Period

 

Cost

 

Amortization

 

Value

 

Cost

 

Amortization

 

Value

 

 

 

(in years)

 

(in thousands)

 

(in thousands)

 

Finite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

14 

 

$

45,442 

 

$

8,813 

 

$

36,629 

 

$

44,242 

 

$

7,971 

 

$

36,271 

 

Driver network

 

 

3,200 

 

2,978 

 

222 

 

3,200 

 

2,711 

 

489 

 

Other

 

 

1,032 

 

143 

 

889 

 

1,032 

 

105 

 

927 

 

 

 

13 

 

49,674 

 

11,934 

 

37,740 

 

48,474 

 

10,787 

 

37,687 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

 

N/A

 

32,300 

 

N/A

 

32,300 

 

32,300 

 

N/A

 

32,300 

 

Other

 

N/A

 

2,822 

 

N/A

 

2,822 

 

2,822 

 

N/A

 

2,822 

 

 

 

 

 

35,122 

 

 

 

35,122 

 

35,122 

 

 

 

35,122 

 

Total intangible assets

 

N/A

 

$

84,796 

 

$

11,934 

 

$

72,862 

 

$

83,596 

 

$

10,787 

 

$

72,809