Note 13 - Intangible Assets

9 Months Ended

Sep. 30, 2018

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 13. Intangible Assets

Based on the preliminary allocation of the purchase price for Landair, the following amounts have been allocated to identifiable intangible assets along with the respective amortization periods:

(in thousands)	September 30, 2018
	Gross intangible assets		Accumulated amortization			Net intangible assets		Life (months)
Trade name	$	4,400	$	(73	)	$	4,327		180
Non-Compete agreement		1,400		(70	)		1,330		60
Customer relationships		28,200		(588	)		27,612		144
Total	$	34,000	$	(731	)	$	33,269

The above intangible assets have a weighted average life of

145

 months. The expected amortization of these assets for the next

five

successive years is as follows:

	( In thousands )
2018	$	731
2019		2,923
2020		2,923
2021		2,923
2022		2,923
2023		2,783
Thereafter		18,063