Schneider National, Inc.
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
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Sep 30, 2026 · Filed Oct 30, 2026
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Goodwill and Other Intangible Assets
- GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill represents the excess of the purchase price of acquisitions over the fair value of the identifiable net assets acquired. Our goodwill balance as of September 30, 2026 and December 31, 2025 was $337.4 million and was comprised of $323.2 million and $14.2 million in our Truckload and Logistics segments, respectively.
As of September 30, 2026 and December 31, 2025, our Truckload segment had accumulated goodwill impairment charges of $34.6 million.
The identifiable, finite-lived intangible assets listed below are included in internal-use software and other noncurrent assets on the consolidated balance sheets and relate to the acquisitions of Cowan, MLS, and M&M.
| September 30, 2026 | December 31, 2025 | |||||
|---|---|---|---|---|---|---|
| (in millions) | Gross CarryingAmount | Accumulated Amortization | NetCarryingAmount | Gross CarryingAmount | Accumulated Amortization | NetCarryingAmount |
| Customer relationships | $62.0 | $12.3 | $49.7 | $62.0 | $9.1 | $52.9 |
| Trademarks | 21.4 | 5.3 | 16.1 | 21.4 | 4.1 | 17.3 |
| Non-compete agreements | 5.4 | 3.4 | 2.0 | 5.4 | 2.6 | 2.8 |
| Total intangible assets | $88.8 | $21.0 | $67.8 | $88.8 | $15.8 | $73.0 |
Amortization expense for intangible assets was $1.7 million for the three months ended September 30, 2026 and 2025, respectively, and $5.2 million and $5.4 million for the nine months ended September 30, 2026 and 2025, respectively.
Estimated future amortization expense related to intangible assets is as follows:
| (in millions) | September 30, 2026 |
|---|---|
| Remaining 2026 | $1.8 |
| 2027 | 7.0 |
| 2028 | 6.5 |
| 2029 | 5.9 |
| 2030 | 5.9 |
| 2031 and thereafter | 40.7 |
| Total | $67.8 |
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