GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

GOODWILL AND INTANGIBLE ASSETS

Schedule of goodwill by reportable operating segment

	Total		ArcBest		FleetNet
	(in thousands)
Balances at December 31, 2019 and 2020	$	88,320	$	87,690	$	630
Goodwill acquired(1)		213,969		213,969		—
Goodwill divested(2)		(1,952)		(1,952)		—
Balances at December 31, 2021	$	300,337	$	299,707	$	630
Accumulated impairment at December 31, 2021	$	(20,000)	$	(20,000)	$	—

(1) Goodwill acquired relates to the acquisition of MoLo (see Note D).

(2) Goodwill divested due to the sale of the labor services portion of the ArcBest segment’s moving business in second quarter 2021 was determined based on the relative fair value of the business sold to the total fair value of the reporting unit.

Schedule of intangible assets

		2021						2020
	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	12	$	100,321	$	35,072	$	65,249	$	52,721	$	30,477	$	22,244
Other	8		30,335		1,304		29,031		980		543		437
	11		130,656		36,376		94,280		53,701		31,020		22,681
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	$	162,956	$	36,376	$	126,580	$	86,001	$	31,020	$	54,981

Schedule of future amortization for intangible assets

	Amortization of
	Intangible Assets
	(in thousands)
2022	$	12,920
2023		12,826
2024		12,793
2025		12,778
2026		8,671
Thereafter		34,292
Total amortization	$	94,280