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GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2018
GOODWILL AND INTANGIBLE ASSETS  
Schedule of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2018

 

December 31, 2017

 

 

 

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

 

14

 

$

60,431

 

$

21,938

 

$

38,493

 

$

60,431

 

$

19,745

 

$

40,686

 

Driver network

 

 3

 

 

3,200

 

 

3,200

 

 

 —

 

 

3,200

 

 

3,200

 

 

 —

 

Other

 

 9

 

 

1,032

 

 

619

 

 

413

 

 

1,032

 

 

549

 

 

483

 

 

 

13

 

 

64,663

 

 

25,757

 

 

38,906

 

 

64,663

 

 

23,494

 

 

41,169

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

 

N/A

 

 

32,300

 

 

N/A

 

 

32,300

 

 

32,300

 

 

N/A

 

 

32,300

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

N/A

 

$

96,963

 

$

25,757

 

$

71,206

 

$

96,963

 

$

23,494

 

$

73,469

 

 

Schedule of future amortization for intangible assets and acquired software

The future amortization for intangible assets and acquired software as of June 30, 2018 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

    

    

 

    

Intangible

    

Acquired

 

 

 

Total

 

Assets

 

Software(1)

 

 

 

(in thousands)

 

2018

 

$

3,318

 

$

2,257

 

$

1,061

 

2019

 

 

5,463

 

 

4,482

 

 

981

 

2020

 

 

4,471

 

 

4,454

 

 

17

 

2021

 

 

4,418

 

 

4,412

 

 

 6

 

2022

 

 

4,385

 

 

4,385

 

 

 —

 

Thereafter

 

 

18,916

 

 

18,916

 

 

 —

 

Total amortization

 

$

40,971

 

$

38,906

 

$

2,065

 


(1)

Acquired software is reported in property, plant and equipment.