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GOODWILL AND INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2016
GOODWILL AND INTANGIBLE ASSETS  
Schedule of goodwill by reportable operating segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ABF

 

 

 

 

ABF

 

 

    

Total

    

Panther

    

Logistics

    

FleetNet

    

Moving

    

 

 

(in thousands)

Balances at December 31, 2015

 

$

96,465

 

$

71,096

 

$

19,387

 

$

630

 

$

5,352

 

Goodwill acquired(1)

 

 

13,584

 

 

 —

 

 

13,584

 

 

 —

 

 

 —

 

Purchase accounting adjustments

 

 

438

 

 

 

 

438

 

 

 

 

 

Balances September 30, 2016

 

$

110,487

 

$

71,096

 

$

33,409

 

$

630

 

$

5,352

 

 


(1)

Goodwill related to the September 2, 2016 acquisition of LDS is based on preliminary information as of September 30, 2016.

 

 

Schedule of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2016

 

December 31, 2015

 

 

 

Weighted-Average

 

 

 

 

Accumulated

 

Net

 

 

 

 

Accumulated

 

Net

 

 

    

Amortization Period

    

Cost

    

Amortization

    

Value

    

 

Cost

    

Amortization

    

Value

 

 

 

(in years)

 

(in thousands)

 

(in thousands)

 

Finite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships(1)

 

14

 

$

60,021

 

$

14,248

 

$

45,773

 

$

52,221

 

$

11,331

 

$

40,890

 

Driver network

 

3

 

 

3,200

 

 

3,200

 

 

 —

 

 

3,200

 

 

3,200

 

 

 —

 

Other

 

6

 

 

1,572

 

 

399

 

 

1,173

 

 

1,032

 

 

257

 

 

775

 

 

 

13

 

 

64,793

 

 

17,847

 

 

46,946

 

 

56,453

 

 

14,788

 

 

41,665

 

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

 

$

99,915

 

$

17,847

 

$

82,068

 

$

91,575

 

$

14,788

 

$

76,787

 

 


(1)

Customer relationships of $7.3 million related to the September 2, 2016 acquisition of LDS is based on preliminary information as of September 30, 2016.