SAIA INC Goodwill & Intangibles Disclosure
5. Goodwill and Other Intangible Assets
There was no change to the carrying amount of goodwill of $12.1 million for fiscal years ending December 31, 2025, 2024 and 2023.
The gross amounts and accumulated amortization of identifiable intangible assets are as follows (in thousands):
|
|
December 31, 2025 |
|
|
December 31, 2024 |
|
||||||||||
|
|
Gross Amount |
|
|
Accumulated Amortization |
|
|
Gross Amount |
|
|
Accumulated Amortization |
|
||||
Amortizable intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Customer relationships (useful life of 6-15 years) |
|
$ |
14,400 |
|
|
$ |
11,324 |
|
|
$ |
19,000 |
|
|
$ |
15,171 |
|
Trademarks (useful life of 15 years) |
|
|
1,500 |
|
|
|
1,092 |
|
|
|
1,500 |
|
|
|
992 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total |
|
$ |
15,900 |
|
|
$ |
12,416 |
|
|
$ |
20,500 |
|
|
$ |
16,163 |
|
Amortization expense for intangible assets was $0.9 million for 2025, 2024 and 2023. Estimated amortization expense for the next five years is as follows (in thousands):
|
|
|
|
|
|
|
|
Amount |
|
|
2026 |
|
|
|
|
|
|
|
$ |
853 |
|
2027 |
|
|
|
|
|
|
|
|
853 |
|
2028 |
|
|
|
|
|
|
|
|
853 |
|
2029 |
|
|
|
|
|
|
|
|
853 |
|
2030 |
|
|
|
|
|
|
|
|
71 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 24, 2025 | |
| 2023 | Feb 23, 2024 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.