C. H. ROBINSON WORLDWIDE, INC., 10-K filed on 2/23/2022
Annual Report
v3.22.0.1
Cover - USD ($)
 12 Months Ended
Dec. 31, 2021
Feb. 16, 2022
Jun. 30, 2021
Cover [Abstract]      
Document Type 10-K    
Document Annual Report true    
Document Period End Date Dec. 31, 2021    
Current Fiscal Year End Date --12-31    
Document Transition Report false    
Entity File Number 000-23189    
Entity Registrant Name C.H. ROBINSON WORLDWIDE, INC.    
Entity Central Index Key 0001043277    
Document Fiscal Year Focus 2021    
Document Fiscal Period Focus FY    
Amendment Flag false    
Entity Incorporation, State or Country Code DE    
Entity Tax Identification Number 41-1883630    
Entity Address, Address Line One 14701 Charlson Road    
Entity Address, City or Town Eden Prairie    
Entity Address, State or Province MN    
Entity Address, Postal Zip Code 55347    
City Area Code 952    
Local Phone Number 937-8500    
Title of 12(b) Security Common Stock, par value $0.10 per share    
Trading Symbol CHRW    
Security Exchange Name NASDAQ    
Entity Well-known Seasoned Issuer Yes    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Large Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
ICFR Auditor Attestation Flag true    
Entity Shell Company false    
Entity Public Float     $ 12,367,912,086
Entity Common Stock, Shares Outstanding   128,798,559  
Documents Incorporated by Reference Portions of the Registrant’s Proxy Statement relating to its 2022 Annual Meeting of Stockholders (the “Proxy Statement”) are incorporated by reference in Part III.    
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Audit Information
 12 Months Ended
Dec. 31, 2021
Audit Information [Abstract]  
Auditor Name Deloitte & Touche LLP
Auditor Firm ID 34
Auditor Location Minneapolis, Minnesota
v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 257,413 $ 243,796
Receivables, net of allowance for credit loss of $41,542 and $38,113 3,963,487 2,449,577
Contract assets, net of allowance for credit loss 453,660 197,176
Prepaid expenses and other 129,593 51,152
Total current assets 4,804,153 2,941,701
Property and equipment 442,112 478,982
Accumulated depreciation and amortization (302,281) (300,033)
Net property and equipment 139,831 178,949
Goodwill 1,484,754 1,487,187
Other intangible assets, net of accumulated amortization of $88,302 and $68,249 89,606 113,910
Right-of-use lease assets 292,559 319,785
Deferred tax assets 124,900 18,640
Other assets 92,309 84,086
Total assets 7,028,112 5,144,258
Current liabilities:    
Accounts payable 1,813,473 1,195,099
Outstanding checks 105,828 88,265
Accrued expenses:    
Compensation 201,421 138,460
Transportation expense 342,778 153,574
Income taxes 100,265 43,700
Other accrued liabilities 171,266 154,460
Current lease liabilities 66,311 66,174
Current portion of debt 525,000 0
Total current liabilities 3,326,342 1,839,732
Long-term debt 1,393,649 1,093,301
Noncurrent lease liabilities 241,369 268,572
Noncurrent income taxes payable 28,390 26,015
Deferred tax liabilities 16,113 22,182
Other long-term liabilities 315 14,523
Total liabilities 5,006,178 3,264,325
Commitments and contingencies
Stockholders’ investment:    
Preferred stock, $0.10 par value, 20,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.10 par value, 480,000 shares authorized; 179,206 and 179,232 shares issued, 129,186 and 134,298 outstanding 12,919 13,430
Additional paid-in capital 673,628 566,022
Retained earnings 4,936,861 4,372,833
Accumulated other comprehensive loss (61,134) (45,998)
Treasury stock at cost (50,020 and 44,934 shares) (3,540,340) (3,026,354)
Total stockholders’ investment 2,021,934 1,879,933
Total liabilities and stockholders’ investment $ 7,028,112 $ 5,144,258
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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Statement of Financial Position [Abstract]    
Receivables, allowance for doubtful accounts $ 41,542 $ 38,113
Other intangible assets, accumulated amortization $ 88,302 $ 68,249
Preferred stock, par value (in dollars per share) $ 0.10 $ 0.10
Preferred stock, authorized (in shares) 20,000,000 20,000,000
Preferred stock, issued (in shares) 0 0
Preferred stock, outstanding (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.10 $ 0.10
Common stock, authorized (in shares) 480,000,000 480,000,000
Common stock, issued (in shares) 179,206,000 179,232,000
Common stock, outstanding (in shares) 129,186,000 134,298,000
Treasury stock (in shares) 50,020,000 44,934,000
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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Total revenues $ 23,102,138 $ 16,207,106 $ 15,309,508
Costs and expenses:      
Personnel expenses 1,543,610 1,242,867 1,298,528
Other selling, general, and administrative expenses 526,371 496,122 497,806
Total costs and expenses 22,020,030 15,533,838 14,519,532
Income from operations 1,082,108 673,268 789,976
Interest and other expenses (59,817) (44,937) (47,719)
Income before provision for income taxes 1,022,291 628,331 742,257
Provision for income taxes 178,046 121,910 165,289
Net income 844,245 506,421 576,968
Other comprehensive (loss) income (15,136) 30,151 (4,214)
Comprehensive income $ 829,109 $ 536,572 $ 572,754
Basic net income per share (in dollars per share) $ 6.37 $ 3.74 $ 4.21
Diluted net income per share (in dollars per share) $ 6.31 $ 3.72 $ 4.19
Basic weighted average shares outstanding (in shares) 132,482 135,532 136,955
Dilutive effect of outstanding stock awards (in shares) 1,352 641 780
Diluted weighted average shares outstanding (in shares) 133,834 136,173 137,735
Transportation      
Revenues:      
Total revenues $ 22,046,574 $ 15,147,562 $ 14,322,295
Costs and expenses:      
Purchased services and products 18,994,574 12,834,608 11,839,433
Sourcing      
Revenues:      
Total revenues 1,055,564 1,059,544 987,213
Costs and expenses:      
Purchased services and products $ 955,475 $ 960,241 $ 883,765
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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' INVESTMENT - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning Balance $ 1,879,933 $ 1,670,730 $ 1,595,087
Net income 844,245 506,421 576,968
Foreign currency adjustments (15,136) 30,151 (4,214)
Dividends declared (280,217) (278,422) (277,727)
Stock issued for employee benefit plans 43,949 89,803 47,977
Issuance of restricted stock, net of forfeitures 0    
Issuance of restricted stock   0 0
Stock-based compensation expense 129,977 43,995 39,083
Repurchase of common stock (580,817) (182,745) (306,444)
Ending Balance $ 2,021,934 $ 1,879,933 $ 1,670,730
Common Stock      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning Balance (in shares) 134,298 134,895 137,284
Beginning Balance $ 13,430 $ 13,490 $ 13,728
Stock issued for employee benefit plans (in shares) 1,068 1,754 1,017
Stock issued for employee benefit plans $ 107 $ 175 $ 102
Issuance of restricted stock, net of forfeitures $ (3)    
Issuance of restricted stock, net of forfeitures (26)    
Issuance of restricted stock (in shares)   192 28
Issuance of restricted stock   $ 19 $ 3
Stock-based compensation expense (in shares) 0 0 0
Stock-based compensation expense $ 0 $ 0 $ 0
Repurchase of common stock (in shares) (6,154) (2,543) (3,434)
Repurchase of common stock $ (615) $ (254) $ (343)
Ending Balance (in shares) 129,186 134,298 134,895
Ending Balance $ 12,919 $ 13,430 $ 13,490
Additional Paid-in Capital      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning Balance 566,022 546,646 521,486
Stock issued for employee benefit plans (22,374) (24,600) (13,920)
Issuance of restricted stock, net of forfeitures 3    
Issuance of restricted stock   (19) (3)
Stock-based compensation expense 129,977 43,995 39,083
Ending Balance 673,628 566,022 546,646
Retained Earnings      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning Balance 4,372,833 4,144,834 3,845,593
Net income 844,245 506,421 576,968
Dividends declared (280,217) (278,422) (277,727)
Ending Balance 4,936,861 4,372,833 4,144,834
Accumulated Other Comprehensive Loss      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning Balance (45,998) (76,149) (71,935)
Foreign currency adjustments (15,136) 30,151 (4,214)
Ending Balance (61,134) (45,998) (76,149)
Treasury Stock      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning Balance (3,026,354) (2,958,091) (2,713,785)
Stock issued for employee benefit plans 66,216 114,228 61,795
Stock-based compensation expense 0 0 0
Repurchase of common stock (580,202) (182,491) (306,101)
Ending Balance $ (3,540,340) $ (3,026,354) $ (2,958,091)
v3.22.0.1
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' INVESTMENT (Parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]      
Dividends declared per share (in dollars per share) $ 2.08 $ 2.04 $ 2.01
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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net income $ 844,245 $ 506,421 $ 576,968
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 91,259 101,727 100,449
Provision for credit losses 10,649 17,281 5,853
Stock-based compensation 129,977 43,995 39,083
Deferred income taxes (110,188) (32,984) (2,407)
Excess tax benefit on stock-based compensation (13,101) (17,581) (8,492)
Other operating activities 1,915 15,096 (3,830)
Changes in operating elements, net of effects of acquisitions:      
Receivables (1,547,545) (452,145) 208,312
Contract assets (257,728) (65,454) 26,761
Prepaid expenses and other (43,819) 27,237 (29,871)
Accounts payable and outstanding checks 660,028 180,272 (17,968)
Accrued compensation 63,912 22,547 (40,757)
Accrued transportation expense 189,204 52,380 (18,626)
Accrued income taxes 72,665 51,916 (12,636)
Other accrued liabilities 1,607 26,503 8,937
Other assets and liabilities 1,875 21,980 3,643
Net cash provided by operating activities 94,955 499,191 835,419
INVESTING ACTIVITIES      
Purchases of property and equipment (34,197) (23,133) (36,290)
Purchases and development of software (36,725) (30,876) (34,175)
Acquisitions, net of cash acquired (14,750) (223,230) (59,200)
Other investing activities 0 5,525 16,636
Net cash used for investing activities (85,672) (271,714) (113,029)
FINANCING ACTIVITIES      
Proceeds from stock issued for employee benefit plans 70,669 107,657 63,092
Stock tendered for payment of withholding taxes (26,720) (17,854) (15,115)
Repurchase of common stock (581,756) (177,514) (309,444)
Cash dividends (277,321) (209,956) (277,786)
Proceeds from long-term borrowings 300,000 0 1,298,000
Payments on long-term borrowings (2,048) 0 (1,505,000)
Proceeds from short-term borrowings 3,728,000 1,436,600 185,000
Payments on short-term borrowings (3,203,251) (1,579,600) (90,000)
Net cash provided by (used for) financing activities 7,573 (440,667) (651,253)
Effect of exchange rates on cash and cash equivalents (3,239) 9,128 (1,894)
Net change in cash and cash equivalents 13,617 (204,062) 69,243
Cash and cash equivalents, beginning of year 243,796 447,858 378,615
Cash and cash equivalents, end of year 257,413 243,796 447,858
Supplemental cash flow disclosures      
Cash paid for income taxes 227,427 93,070 219,029
Cash paid for interest 51,367 47,518 50,854
Accrued share repurchases held in other accrued liabilities $ 4,293 $ 5,231 $ 0
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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
BASIS OF PRESENTATION. C.H. Robinson Worldwide, Inc., and our subsidiaries (“the company,” “we,” “us,” or “our”) are a global provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Oceania, and South America. The consolidated financial statements include the accounts of C.H. Robinson Worldwide, Inc., and our majority owned and controlled subsidiaries. Our minority interests in subsidiaries are not significant. All intercompany transactions and balances have been eliminated in the consolidated financial statements.
USE OF ESTIMATES. The preparation of financial statements, in conformity with accounting principles generally accepted in the United States, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates have been prepared on the basis of the most current and best information available, and our actual results could differ materially from those estimates.
REVENUE RECOGNITION. At contract inception, we assess the goods and services promised in our contracts with customers and identify our performance obligations to provide distinct goods and services to our customers. We have determined that the following distinct goods and services represent our primary performance obligations.
Transportation and Logistics Services - As a global logistics provider, our primary performance obligation under our customer contracts is to utilize our relationships with a wide variety of transportation companies to efficiently and cost-effectively transport our customers’ freight. Revenue is recognized for these performance obligations as they are satisfied over the contract term, which generally represents the transit period. The transit period can vary based upon the method of transport, generally a number of days for over the road, rail, and air transportation, or several weeks in the case of an ocean shipment. Determining the transit period and how much of it has been completed as of the reporting date may require management to make judgments that affect the timing of revenue recognized. When the customers’ freight reaches its intended destination our performance obligation is complete. Pricing for our services is generally a fixed amount and is typically due within 30 days upon completion of our performance obligation, but can vary based on the nature of the service provided and certain other factors.
We also provide certain value-added logistics services, such as customs brokerage, fee-based managed services, warehousing services, small parcel, and supply chain consulting and optimization services. These services may include one or more performance obligations, which are generally satisfied over the service period as we perform our obligations. The service period may be a very short duration, in the case of customs brokerage and small parcel, or it may be longer in the case of warehousing, managed services, and supply chain consulting and optimization services. Pricing for our services is established in the customer contract and is dependent upon the specific needs of the customer but may be agreed upon at a fixed fee per transaction, labor hour, or service period. Payment is typically due within 30 days upon completion of our performance obligation, but can vary based on the nature of the service provided and certain other factors.
Sourcing Services - We contract with grocery retailers, restaurants, foodservice distributors, and produce wholesalers to provide sourcing services under the trade name Robinson Fresh® (“Robinson Fresh”). Our primary service obligation under these contracts is the buying, selling, and/or marketing of produce including fresh fruits, vegetables, and other value-added perishable items. Revenue is recognized when our performance obligations under these contracts is satisfied at a point in time, generally when the produce is received by our customer. Pricing under these contracts is generally a fixed amount and is typically due within 20 to 30 days upon completion of our performance obligation, but can vary based on the nature of the service provided and certain other factors.
In many cases, as additional performance obligations, we contract to arrange logistics and transportation of the products we buy, sell, and/or market. These performance obligations are satisfied over the contract term consistent with our other transportation and logistics services. The contract period is typically less than one year. Pricing for our services is generally a fixed amount and is typically due within 30 days upon completion of our performance obligation, but can vary based on the nature of the service provided and certain other factors.
Total revenues represent the total dollar value of revenue recognized from contracts with customers for the goods and services we provide. Substantially all of our revenue is attributable to contracts with our customers. Our adjusted gross profits are our total revenues less purchased transportation and related services, including contracted motor carrier, rail, ocean, air, and other costs, and the purchase price and services related to the products we source. Most transactions in our transportation and sourcing businesses are recorded at the gross amount we charge our customers for the service we provide and goods we sell. In
these transactions, we are primarily responsible for fulfilling the promise to provide the specified good or service to our customer and we have discretion in establishing the price for the specified good or service. Additionally, in our sourcing business, in some cases we take inventory risk before the specified good has been transferred to our customer. Customs brokerage, managed services, freight forwarding, and sourcing managed procurement transactions are recorded at the net amount we charge our customers for the service we provide because many of the factors stated above are not present.
CONTRACT ASSETS. Contract assets represent amounts for which we have the right to consideration for the services we have provided while a shipment is still in-transit but for which we have not yet completed our performance obligation or have not yet invoiced our customer. Upon completion of our performance obligations, which can vary in duration based upon the method of transport, and billing our customer these amounts become classified within accounts receivable and are then typically due within 30 days.
ACCRUED TRANSPORTATION EXPENSE. Accrued transportation expense represents amounts we owe to vendors, primarily transportation providers, for the services they have provided while a shipment is still in-transit as of the reporting date.
ALLOWANCE FOR CREDIT LOSSES. Accounts receivable and contract assets are reduced by an allowance for expected credit losses. We determine our allowance for expected credit losses by evaluating two approaches that consider our past credit loss experience, our customers' credit ratings, and other customer-specific and macroeconomic factors. The first approach is pooling our customers by credit rating and applying an expected loss ratio based upon credit rating and number of days the receivable has been outstanding, (i.e., aging approach). The second approach is to compute an expected loss ratio for each credit rating pool based upon our historical write-off experience and apply it to our accounts receivable, (i.e., loss ratio approach). These two approaches are evaluated in consideration of other known information and customer specific and macroeconomic factors, including the price of diesel fuel, for purposes of determining the expected credit loss allowance.
FOREIGN CURRENCY. Most balance sheet accounts of foreign subsidiaries are remeasured and translated at the current exchange rate as of the end of the year. Translation adjustments are recorded in other comprehensive (loss) income. Statement of operations items are translated at the average exchange rate during the year.    
CASH AND CASH EQUIVALENTS. Cash and cash equivalents consist primarily of bank deposits and highly liquid investments with an original maturity of three months or less from the time of purchase. Cash and cash equivalents held outside the United States totaled $217.1 million and $230.9 million as of December 31, 2021 and 2020. The majority of our cash and cash equivalents balance is denominated in U.S. dollars although these balances are frequently held in locations where the U.S. dollar is not the functional currency.
PREPAID EXPENSES AND OTHER. Prepaid expenses and other include such items as software maintenance contracts, insurance premiums, other prepaid operating expenses, and inventories, consisting primarily of produce and related products held for resale.
RIGHT-OF-USE LEASE ASSETS. Right-of-use lease assets are recognized upon lease commencement and represent our right to use an underlying asset for the lease term.
LEASE LIABILITIES. Lease liabilities are recognized at commencement date and represent our obligation to make the lease payments arising from a lease, measured on a discounted basis.
PROPERTY AND EQUIPMENT. Property and equipment are recorded at cost. Maintenance and repair expenditures are charged to expense as incurred. Depreciation is computed using the straight-line method over the estimated lives of the assets. Amortization of leasehold improvements is computed over the shorter of the lease term or the estimated useful lives of the improvements.
We recognized the following depreciation expense (in thousands): 
2021$39,790 
202042,890 
201945,016 
A summary of our property and equipment as of December 31, is as follows (in thousands): 
20212020
Furniture, fixtures, and equipment$292,224 $286,277 
Buildings (1)
60,059 93,538 
Corporate aircraft (1)
— 11,461 
Leasehold improvements70,630 67,037 
Land11,014 19,816 
Construction in progress8,185 853 
Less: accumulated depreciation and amortization(302,281)(300,033)
Net property and equipment$139,831 $178,949 
________________________________ 
(1) Our corporate aircraft and an office building in Kansas City, Missouri, have been reclassified as held-for-sale assets as of December 31, 2021. Held-for-sale assets of $35.0 million are expected to sell in the first half of 2022 and are included within Prepaid expenses and other current assets in our Consolidated Balance Sheet as of December 31, 2021. The estimated fair value of the assets that are held for sale is $64.0 million.
GOODWILL. Goodwill represents the excess of the cost of acquired businesses over the net of the fair value of identifiable tangible assets and identifiable intangible assets purchased and liabilities assumed. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis (November 30 for us) and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. See Note 2, Goodwill and Other Intangible Assets.
OTHER INTANGIBLE ASSETS. Other intangible assets include definite-lived customer lists, trademarks, non-competition agreements, and indefinite-lived trademarks. The definite-lived intangible assets are being amortized using the straight-line method over their estimated lives. Definite-lived intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The indefinite-lived trademarks are not amortized. Indefinite-lived intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, or annually, at a minimum. See Note 2, Goodwill and Other Intangible Assets.
OTHER ASSETS. Other assets consist primarily of purchased and internally developed software. We amortize software using the straight-line method over three years. We recognized the following amortization expense of purchased and internally developed software (in thousands): 
2021$25,975 
202022,612 
201917,023 
A summary of our purchased and internally developed software as of December 31, is as follows (in thousands): 
20212020
Purchased software$30,312 $29,029 
Internally developed software153,983 127,476 
Less accumulated amortization(114,183)(96,891)
Net software$70,112 $59,614 
INCOME TAXES. Income taxes are accounted for using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities using enacted rates.
Annual tax provisions include amounts considered sufficient to pay assessments that may result from examination of prior year tax returns; however, the amount ultimately paid upon resolution of issues raised may differ from the amounts accrued.
The financial statement benefits of an uncertain income tax position are recognized when more likely than not, based on the technical merits, the position will be sustained upon examination. Unrecognized tax benefits are, more likely than not, owed to a taxing authority, and the amount of the contingency can be reasonably estimated. Uncertain income tax positions are included in “Accrued income taxes” or “Noncurrent income taxes payable” in the consolidated balance sheets.
COMPREHENSIVE INCOME (LOSS). Comprehensive income (loss) consists primarily of foreign currency translation adjustments. It is presented on our consolidated statements of operations and comprehensive income.
STOCK-BASED COMPENSATION. We issue stock awards, including stock options, performance shares, and restricted stock units, to key employees and outside directors. In general, the awards vest over three to five years, either based on the company’s earnings or adjusted gross profit growth or the passage of time. The related compensation expense for each award is recognized over the appropriate vesting period. The fair value of each share-based payment award is established on the date of grant. For grants of shares and restricted stock units, the fair value is established based on the market price on the date of the grant, discounted for post-vesting holding restrictions. The discounts on outstanding grants vary from 12 percent to 24 percent and are calculated using the Black-Scholes option pricing model-protective put method. Changes in expected volatility and risk-free interest rates are the primary reason for changes in the discount.
For grants of options, we use the Black-Scholes option pricing model to estimate the fair value of share-based payment awards. The determination of the fair value of share-based awards is affected by our stock price and a number of assumptions, including expected volatility, expected term, risk-free interest rate, and dividend yield.
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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The change in the carrying amount of goodwill is as follows (in thousands):
NASTGlobal ForwardingAll Other and CorporateTotal
December 31, 2019 balance
$1,015,570 $208,420 $67,770 $1,291,760 
Acquisitions176,484 780 — 177,264 
Foreign currency translation11,918 4,782 1,463 18,163 
December 31, 2020 balance
1,203,972 213,982 69,233 1,487,187 
Acquisitions243 — 10,754 10,997 
Foreign currency translation(7,882)(3,591)(1,957)(13,430)
December 31, 2021 balance
$1,196,333 $210,391 $78,030 $1,484,754 

Goodwill is tested at least annually for impairment on November 30, or more frequently if events or changes in circumstances indicate that the asset might be impaired. We first perform a qualitative assessment to determine whether it is more likely than not that the fair value of our reporting units is less than their respective carrying value (“Step Zero Analysis”). If the Step Zero Analysis indicates it is more likely than not that the fair value of our reporting units is less than their respective carrying value, an additional impairment assessment is performed (“Step One Analysis”). As part of our Step Zero Analysis, we determined that the more likely than not criteria had not been met, and therefore a Step One Analysis was not required.
No goodwill or intangible asset impairment has been recorded in any previous or current period presented. Identifiable intangible assets consisted of the following at December 31 (in thousands): 
20212020
CostAccumulated AmortizationNetCostAccumulated AmortizationNet
Finite-lived intangibles
Customer relationships$169,308 $(88,302)$81,006 $171,684 $(67,312)$104,372 
Trademarks— — — 1,875 (937)938 
Total finite-lived intangibles169,308 (88,302)81,006 173,559 (68,249)105,310 
Indefinite-lived intangibles
Trademarks8,600 — 8,600 8,600 — 8,600 
Total intangibles$177,908 $(88,302)$89,606 $182,159 $(68,249)$113,910 

Amortization expense for other intangible assets was (in thousands): 
2021$25,494 
202036,225 
201938,410 

Finite-lived intangible assets, by reportable segment, as of December 31, 2021, will be amortized over their remaining lives as follows (in thousands):
NASTGlobal ForwardingAll Other and CorporateTotal
2022$8,096 $14,954 $1,137 $24,187 
20238,096 12,285 1,137 21,518 
20247,986 3,702 1,137 12,825 
20257,857 2,409 1,137 11,403 
20267,857 391 777 9,025 
Thereafter1,310 — 738 2,048 
Total$81,006 
v3.22.0.1
FAIR VALUE MEASUREMENT
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT FAIR VALUE MEASUREMENT
Accounting guidance on fair value measurements for certain financial assets and liabilities requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories:
•Level 1-Quoted market prices in active markets for identical assets or liabilities.
•Level 2-Observable market-based inputs or unobservable inputs that are corroborated by market data.
•Level 3-Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets.
A financial asset or liability’s classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement.
We had no Level 3 assets or liabilities as of and during the periods ended December 31, 2021, or December 31, 2020. There were no transfers between levels during the period.
v3.22.0.1
FINANCING ARRANGEMENTS
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
FINANCING ARRANGEMENTS FINANCING ARRANGEMENTS
The components of our short-term and long-term debt and the associated interest rates were as follows (dollars in thousands):
Average interest rate as ofCarrying value as of
December 31, 2021December 31, 2020MaturityDecember 31, 2021December 31, 2020
Revolving credit facility1.23 %— %October 2023$525,000 $— 
Senior Notes, Series A3.97 %3.97 %August 2023175,000 175,000 
Senior Notes, Series B4.26 %4.26 %August 2028150,000 150,000 
Senior Notes, Series C4.60 %4.60 %August 2033175,000 175,000 
Receivables securitization facility (1)
0.73 %— %November 2023299,481 — 
Senior Notes (1)
4.20 %4.20 %April 2028594,168 593,301 
Total debt1,918,649 1,093,301 
Less: Current maturities and short-term borrowing(525,000)— 
Long-term debt$1,393,649 $1,093,301 
________________________________ 
(1) Net of unamortized discounts and issuance costs.
SENIOR UNSECURED REVOLVING CREDIT FACILITY
We have a senior unsecured revolving credit facility (the “Credit Agreement”) with a total availability of $1 billion and a maturity date of October 24, 2023. Borrowings under the Credit Agreement generally bear interest at a variable rate determined by a pricing schedule or the base rate (which is the highest of (a) the administrative agent's prime rate, (b) the federal funds rate plus 0.50 percent, or (c) the sum of one-month LIBOR plus a specified margin). As of December 31, 2021, the variable rate equaled LIBOR plus 1.13 percent. In addition, there is a commitment fee on the average daily undrawn stated amount under each letter of credit issued under the facility ranging from 0.075 percent to 0.200 percent. The recorded amount of borrowings outstanding approximates fair value because of the short maturity period of the debt; therefore, we consider these borrowings to be a Level 2 financial liability.
The Credit Agreement contains various restrictions and covenants that require us to maintain certain financial ratios, including a maximum leverage ratio of 3.50 to 1.00. The Credit Agreement also contains customary events of default. If an event of default under the Credit Agreement occurs and is continuing, then the administrative agent may declare any outstanding obligations under the Credit Agreement to be immediately due and payable. In addition, if we become the subject of voluntary or involuntary proceedings under any bankruptcy, insolvency, or similar law, then any outstanding obligations under the Credit Agreement will automatically become immediately due and payable. On November 19, 2021, we amended the Credit Agreement to among other things, facilitate the terms of the Receivables Securitization Facility and include provisions for benchmark replacements to LIBOR.
NOTE PURCHASE AGREEMENT
On August 23, 2013, we entered into a Note Purchase Agreement with certain institutional investors (the “Purchasers”). On August 27, 2013, the Purchasers purchased an aggregate principal amount of $500 million of our Senior Notes, Series A, Senior Notes Series B, and Senior Notes Series C, collectively (the “Notes”). Interest on the Notes is payable semi-annually in arrears. The fair value of the Notes approximated $543.5 million at December 31, 2021. We estimate the fair value of the Notes primarily using an expected present value technique, which is based on observable market inputs using interest rates currently available to companies of similar credit standing for similar terms and remaining maturities, and considering our own risk. If the Notes were recorded at fair value, they would be classified as Level 2.
The Note Purchase Agreement contains various restrictions and covenants that require us to maintain certain financial ratios, including a maximum leverage ratio of 3.00 to 1.00, a minimum interest coverage ratio of 2.00 to 1.00, and a maximum consolidated priority debt to consolidated total asset ratio of 15 percent.
The Note Purchase Agreement provides for customary events of default. The occurrence of an event of default would permit certain Purchasers to declare certain Notes then outstanding to be immediately due and payable. Under the terms of the Note Purchase Agreement, the Notes are redeemable, in whole or in part, at 100 percent of the principal amount being redeemed together with a “make-whole amount” (as defined in the Note Purchase Agreement), and accrued and unpaid interest with respect to each Note. The obligations of the company under the Note Purchase Agreement and the Notes are guaranteed by C.H. Robinson Company, a Delaware corporation and a wholly-owned subsidiary of the company, and by C.H. Robinson
Company, Inc., a Minnesota corporation and an indirect wholly-owned subsidiary of the company. On November 19, 2021, we amended the Note Purchase Agreement to among other things, facilitate the terms of the Receivables Securitization Facility.
U.S. TRADE ACCOUNTS RECEIVABLE SECURITIZATION
On November 19, 2021, we entered into a receivables purchase agreement and related transaction documents with Bank of America, N.A. and Wells Fargo Bank, N.A. to provide a receivables securitization facility (the “Receivables Securitization Facility”). The Receivables Securitization Facility is based on the securitization of our U.S. trade accounts receivable with a total availability of $300 million as of December 31, 2021. The interest rate on borrowings under the Receivables Securitization Facility is based on Bloomberg Short Term Bank Yield Index (“BSBY”) plus a margin. There is also a commitment fee we are required to pay on any unused portion of the facility. The Receivables Securitization Facility expires on November 17, 2023, unless extended by the parties and is recorded as a noncurrent liability as of December 31, 2021. The recorded amount of borrowings outstanding on the Receivables Securitization Facility approximates fair value because it can be redeemed on short notice and the interest rate floats. We consider these borrowings to be a Level 2 financial liability. Borrowings on the Receivables Securitization Facility are included within proceeds on long-term borrowings on the consolidated statement of cash flows.
The Receivables Securitization Facility contains various customary affirmative and negative covenants, and it also contains customary default and termination provisions, which provide for acceleration of amounts owed under the Receivables Securitization Facility upon the occurrence of certain specified events.
On February 1, 2022, we amended the Receivables Securitization Facility primarily to increase the total availability from $300 million to $500 million pursuant to the provisions of the existing agreement.

On April 26, 2017, we entered into a receivables purchase agreement and related transaction documents with The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch and Wells Fargo Bank, N.A. to provide a receivables securitization facility with funding of up to $250 million. On December 17, 2018, we entered into an amendment on this facility, which changed the lending parties to Wells Fargo Bank, N.A. and Bank of America, N.A. and extended the maturity date from April 26, 2019, to December 17, 2020. The facility expired on December 17, 2020, and it was not renewed; however, we entered into a new receivables securitization facility in November 2021 as described above.
SENIOR NOTES
On April 9, 2018, we issued senior unsecured notes (“Senior Notes”) through a public offering. The Senior Notes bear an annual interest rate of 4.20 percent payable semi-annually on April 15 and October 15, until maturity on April 15, 2028. Taking into effect the amortization of the original issue discount and all underwriting and issuance expenses, the Senior Notes have an effective yield to maturity of approximately 4.39 percent per annum. The fair value of the Senior Notes, excluding debt discounts and issuance costs, approximated $677.1 million as of December 31, 2021, based primarily on the market prices quoted from external sources. The carrying value of the Senior Notes was $594.2 million as of December 31, 2021. If the Senior Notes were measured at fair value in the financial statements, they would be classified as Level 2 in the fair value hierarchy.
We may redeem the Senior Notes, in whole or in part, at any time and from time to time prior to their maturity at the applicable redemption prices described in the Senior Notes. Upon the occurrence of a “change of control triggering event” as defined in the Senior Notes (generally, a change of control of us accompanied by a reduction in the credit rating for the Senior Notes), we will generally be required to make an offer to repurchase the Senior Notes from holders at 101 percent of their principal amount plus accrued and unpaid interest to the date of repurchase.
The Senior Notes were issued under an indenture that contains covenants imposing certain limitations on our ability to incur liens; enter into sales and leaseback transactions above certain limits; and consolidate, merge, or transfer substantially all of our assets and those of our subsidiaries on a consolidated basis. It also provides for customary events of default (subject in certain cases to customary grace and cure periods), which include among other things nonpayment, breach of covenants in the indenture, and certain events of bankruptcy and insolvency. If an event of default occurs and is continuing with respect to the Senior Notes, the trustee or holders of at least 25 percent in principal amount outstanding of the Senior Notes may declare the principal and the accrued and unpaid interest, if any, on all of the outstanding Senior Notes to be due and payable. These covenants and events of default are subject to a number of important qualifications, limitations, and exceptions that are described in the indenture. The indenture does not contain any financial ratios or specified levels of net worth or liquidity to which we must adhere.
In addition to the above financing agreements we have a $15 million discretionary line of credit with U.S. Bank of which $7.9 million is currently utilized for standby letters of credit related to insurance collateral as of December 31, 2021. These standby letters of credit are renewed annually and were undrawn as of December 31, 2021.
v3.22.0.1
INCOME TAXES
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXES
C.H. Robinson Worldwide, Inc., and its 80 percent (or more) owned U.S. subsidiaries file a consolidated federal income tax return. We file unitary or separate state returns based on state filing requirements. With few exceptions, we are no longer subject to audits of U.S. federal, state and local, or non-U.S. income tax returns before 2014. We are currently under an Internal Revenue Service audit for the 2015-2017 tax years.
In 2019, we removed our assertion that the unremitted earnings of our foreign subsidiaries were permanently reinvested with limited exceptions. If we repatriated all foreign earnings that are still considered to be permanently reinvested, the estimated effect on income taxes payable would be an increase of approximately $2.0 million as of December 31, 2021.
On March 27, 2020, the U.S. government enacted the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) in response to the COVID-19 pandemic. The CARES Act allows for a deferral of the employer share of federal payroll taxes otherwise due through December 31, 2020. Under the act, 50 percent of the deferred amount was due December 31, 2021, and the remaining 50 percent is due December 31, 2022. This provision allows us to defer certain federal payroll deposits and invest this cash back into the business without any interest cost. The CARES Act also provides for a tax credit of up to $5,000 related to wages and health benefits provided to an employee whose work from March 17, 2020, through December 31, 2020, was impacted by COVID-19. Through December 31, 2021, we have recognized a payroll deferral and tax credit of $14.7 million and $0.7 million, respectively, under the CARES Act.
On December 28, 2021, the Treasury Department released final regulations on determining the foreign tax credit, and allocating and apportioning deductions, under the Internal Revenue Code. The impact of this finalized guidance is not expected to have a material impact on our results.
Income before provision for income taxes consisted of (in thousands):
202120202019
Domestic$566,847 $499,384 $649,742 
Foreign455,444 128,947 92,515 
Total$1,022,291 $628,331 $742,257 

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows (in thousands):
202120202019
Unrecognized tax benefits, beginning of period$36,216 $33,938 $31,515 
Additions based on tax positions related to the current year3,530 3,172 2,212 
Additions for tax positions of prior years1,919 1,568 2,148 
Reductions for tax positions of prior years(2,431)(124)— 
Lapse in statute of limitations(1,932)(2,276)(1,703)
Settlements— (62)(234)
Unrecognized tax benefits, end of the period$37,302 $36,216 $33,938 

Income tax expense considers amounts that may be needed to cover exposures for open tax years. We do not expect any material impact related to open tax years; however, actual settlements may differ from amounts accrued.
As of December 31, 2021, we had $42.9 million of unrecognized tax benefits and related interest and penalties, all of which would affect our effective tax rate if recognized. In the unlikely event these unrecognized tax benefits and related interest and penalties were recognized fully in 2021, the impact to the annual effective tax rate would have been 4.2 percent. We are not aware of any tax positions for which it is reasonably possible that the total amount of unrecognized tax benefit will significantly increase or decrease in the next 12 months. The total liability for unrecognized tax benefits is expected to decrease by approximately $5.9 million in the next 12 months due to lapsing of statutes.
We recognize interest and penalties related to uncertain tax positions in the provision for income taxes. During the years ended December 31, 2021, 2020, and 2019, we recognized approximately $0.9 million, $1.0 million, and $1.0 million in interest and penalties. We had approximately $5.6 million and $6.1 million for the payment of interest and penalties related to uncertain tax positions accrued within noncurrent income taxes payable as of December 31, 2021 and 2020, respectively. These amounts are not included in the reconciliation above.
The components of the provision for income taxes consist of the following for the years ended December 31 (in thousands): 
202120202019
Tax provision:
Federal$165,218 $99,901 $106,009 
State36,718 19,825 25,788 
Foreign85,654 40,103 35,899 
287,590 159,829 167,696 
Deferred provision (benefit):
Federal(90,960)(28,238)1,554 
State(16,176)(5,749)316 
Foreign(2,408)(3,932)(4,277)
(109,544)(37,919)(2,407)
Total provision$178,046 $121,910 $165,289 

A reconciliation of the provision for income taxes using the statutory federal income tax rate to our effective income tax rate for the years ended December 31, is as follows:  
202120202019
Federal statutory rate21.0 %21.0 %21.0 %
State income taxes, net of federal benefit1.7 2.5 2.8 
Share-based payment awards(0.6)(2.8)(0.9)
Excess foreign tax credits(0.4)(2.2)(1.5)
Other U.S. tax credits and incentives(3.3)(1.4)(0.9)
Foreign(1.2)1.3 1.7 
Other0.2 1.0 0.1 
Effective income tax rate17.4 %19.4 %22.3 %
Deferred tax assets (liabilities) are comprised of the following at December 31 (in thousands):
20212020
Deferred tax assets:
Lease liabilities$60,846 $82,982 
Compensation71,770 60,160 
Accrued expenses92,936 39,987 
Foreign affiliate prepayment88,399 — 
Other22,925 26,848 
Deferred tax liabilities:
Right-of-use assets(56,044)(77,513)
Intangible assets(79,198)(81,210)
Accrued revenue(47,255)(18,978)
Prepaid assets(14,021)(5,732)
Long-lived assets(10,387)(12,722)
Foreign withholding tax(11,917)(10,222)
Other(9,267)(7,142)
Net deferred tax assets (liabilities)$108,787 $(3,542)

We had foreign net operating loss carryforwards with a tax effect of $8.6 million as of December 31, 2021, and $11.0 million as of December 31, 2020. The net operating loss carryforwards will expire at various dates from 2022 to 2028, with certain jurisdictions having indefinite carryforward terms. We continually monitor and review the foreign net operating loss carryforwards to determine the ability to realize the deferred tax assets associated with the foreign net operating loss carryforwards. As of December 31, 2021 and 2020, we have recorded a valuation allowance of $2.5 million and $7.6 million, respectively, against the deferred tax asset related to the foreign operating loss carryforwards.
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
CAPITAL STOCK AND STOCK AWARD PLANS CAPITAL STOCK AND STOCK AWARD PLANS
PREFERRED STOCK. Our Certificate of Incorporation authorizes the issuance of 20,000,000 shares of preferred stock, par value $0.10 per share. There are no shares of preferred stock outstanding. The preferred stock may be issued by resolution of our Board of Directors at any time without any action of the stockholders. The Board of Directors may issue the preferred stock in one or more series and fix the designation and relative powers. These include voting powers, preferences, rights, qualifications, limitations, and restrictions of each series. The issuance of any such series may have an adverse effect on the rights of holders of common stock and may impede the completion of a merger, tender offer, or other takeover attempt.
COMMON STOCK. Our Certificate of Incorporation authorizes 480,000,000 shares of common stock, par value $0.10 per share. Subject to the rights of preferred stock, which may from time to time be outstanding, holders of common stock are entitled to receive dividends out of funds legally available, when and if declared by the Board of Directors, and to receive their share of the net assets of the company legally available for distribution upon liquidation or dissolution.
For each share of common stock held, stockholders are entitled to one vote on each matter to be voted on by the stockholders, including the election of directors. Holders of common stock are not entitled to cumulative voting. The stockholders do not have preemptive rights. All outstanding shares of common stock are fully paid and nonassessable.
STOCK AWARD PLANS. Stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense as it vests. A summary expense recognized within personnel expenses in our consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):
202120202019
Stock options$16,128 $20,162 $16,073 
Stock awards110,701 20,985 20,170 
Company expense on ESPP discount3,148 2,848 2,840 
Total stock-based compensation expense$129,977 $43,995 $39,083 
On May 9, 2019, our shareholders approved an amendment and restatement of our 2013 Equity Incentive Plan (the “Plan”) to increase the number of shares authorized for award by 4,000,000 shares. The Plan allows us to grant certain stock awards, including stock options at fair market value and performance shares and restricted stock units, to our key employees and outside directors. At the time our shareholders approved adding additional shares to the plan, a maximum of 17,041,803 shares are available to be granted under this plan. Approximately 1,780,727 shares were available for stock awards under this plan as of December 31, 2021. Shares subject to awards that expire or are canceled without delivery of shares or that are settled in cash, generally become available again for issuance under the plan.
STOCK OPTIONS. We have awarded stock options to certain key employees that vest primarily based on their continued employment. The value of these awards is established by the market price on the date of the grant, discounted for post-vesting holding restrictions, calculated using the Black-Scholes option pricing model and is being expensed over the vesting period of the award. Although participants can exercise options via a stock swap exercise, we do not issue reloads (restoration options) on the grants.
The following schedule summarizes stock option activity in the plans. All outstanding unvested options as of December 31, 2021, relate to time-based grants from 2015 through 2020.
OptionsWeighted
Average
Exercise
Price		Aggregate
Intrinsic
Value
(in thousands)		Average
Remaining
Life
(years)
Outstanding at December 31, 20207,260,840 $76.37 $127,065 6.6
Exercised(748,198)71.95 
Forfeitures(18,778)76.03 
Outstanding at December 31, 20216,493,864 $76.88 $199,682 5.8
Vested at December 31, 20214,789,677 $76.08 5.2
Exercisable at December 31, 20214,789,677 $76.08 5.2
As of December 31, 2021, unrecognized compensation expense related to stock options was $26.6 million. The amount of future expense to be recognized will be based on the passage of time and the employees' continued employment.
Additional potential dilutive stock options totaling 3,924 for 2021 have been excluded from our diluted net income per share calculations because these securities’ exercise prices were anti-dilutive (e.g., greater than the average market price of our common stock).
Information on the intrinsic value of options exercised is as follows (in thousands):
2021$20,427 
202038,551 
201915,862 
The following table summarizes these unvested stock option grants as of December 31, 2021:
First Vesting DateLast Vesting DateOptions
Granted, Net of
Forfeitures
Weighted
Average Grant
Date Fair Value(1)
Unvested Options
December 31, 2018December 31, 20221,441,636 $14.25 276,353 
December 31, 2019December 31, 20231,154,019 20.12 451,674 
December 31, 2020December 31, 20241,638,791 13.87 976,160 
4,234,446 $15.70 1,704,187 
________________________________ 
(1) Amount shown is the weighted average grant date fair value of options granted, net of forfeitures.
Determining Fair Value
We estimated the fair value of stock options granted using the Black-Scholes option pricing model. We estimate the fair value of restricted shares and units using the Black-Scholes option pricing model-protective put method. A description of significant assumptions used to determine the risk-free interest rate, dividend yield, expected volatility, and expected term are as follows:
Risk-Free Interest Rate-The risk-free interest rate was based on the implied yield available on U.S. Treasury zero-coupon issues at the date of grant with a term equal to the expected term.
Dividend Yield-The dividend yield assumption is based on our history of dividend payouts. 
Expected Volatility-Expected volatility was determined based on the implied volatility of traded options of our stock and the historical volatility of our stock price.
Expected Term-Expected term represents the period that our stock-based awards are expected to be outstanding and was determined based on historical experience and anticipated future exercise patterns, giving consideration to the contractual terms of unexercised stock-based awards.
The fair value per option was estimated using the Black-Scholes option pricing model with the following assumptions: 
2020 Grants2019 Grants
Weighted-average risk-free interest rate1.6%2.1%
Expected dividend yield2.5%2.0%
Weighted-average volatility23%25%
Expected term (in years)8.916.08
Weighted average fair value per option$13.88 $17.52 
STOCK AWARDS. We have awarded performance-based restricted shares, performance-based restricted stock units, and time-based restricted stock units. All of our awards contain restrictions on the awardees’ ability to sell or transfer vested awards for a specified period of time. The fair value of these awards is established based on the market price on the date of grant, discounted for post-vesting holding restrictions. The discounts on outstanding grants vary from 12 percent to 24 percent and are calculated using the Black-Scholes option pricing model-protective put method. The duration of the restriction period to sell or transfer vested awards, changes in the measured stock price volatility and changes in interest rates are the primary reasons for changes in the discount. These grants are being expensed based on the terms of the awards.
Performance-based Awards
We have awarded performance-based restricted shares through 2020 to certain key employees and non-employee directors. These awards vest over a five-year period based on the company’s earnings growth. In 2021, we have awarded performance-based restricted stock units to certain key employees and non-employee directors. These awards vest over a three-year period based on the company's cumulative three-year earnings per share growth and annual adjusted gross profit growth. These performance-based restricted stock unit awards contain an upside opportunity of 200 percent contingent upon obtaining certain earnings per share and adjusted gross profit targets.
The following table summarizes our unvested performance-based restricted shares and restricted stock unit grants as of December 31, 2021:
Number of Restricted Shares and Restricted Stock UnitsWeighted Average
Grant Date Fair Value
Unvested at December 31, 20201,102,211 $67.29 
Granted(1)
292,993 74.92 
Performance-based grant adjustment(2)
29,147 67.13 
Vested(980,188)67.37 
Forfeitures(36,521)71.10 
Unvested at December 31, 2021407,642 $72.21 
________________________________ 
(1) Amount represents performance-based restricted stock unit grants at target.
(2)Amount represents incremental shares issuable for achieving 200 percent upside upon meeting certain adjusted gross profit targets in 2021.
The following table summarizes unvested performance-based restricted shares and restricted stock units by vesting period: 
First Vesting DateLast Vesting DatePerformance Shares and Stock Units
Granted, Net of
Forfeitures
Weighted
Average Grant
Date Fair Value (1)
Unvested Performance Shares and Restricted Stock Units
December 31, 2019December 31, 2023354,005 $73.79 70,756 
December 31, 2020December 31, 2024401,548 59.34 80,268 
December 31, 2021December 31, 2025285,765 74.91 256,618 
1,041,318 $68.53 407,642 
________________________________ 
(1) Amount shown is the weighted average grant date fair value of performance-based restricted shares and restricted stock units granted, net of forfeitures.

We granted an additional 330,072 performance-based restricted stock units at target on February 9, 2022. These awards have a weighted average grant date fair value of $76.74 and will vest over a three-year period based upon our cumulative three-year earnings per share growth and annual adjusted gross profit growth.
Time-based Awards
We award time-based restricted stock units to certain key employees and non-employee directors. Time-based awards granted through 2020 vest over a five-year while time-based awards granted in 2021 vest over a three-year period primarily based on the passage of time and the employee's continued employment.
The following table summarizes our unvested time-based restricted share and restricted stock unit grants as of December 31, 2021: 
Number of Restricted
Shares and Stock Units		Weighted Average
Grant Date Fair Value
Unvested at December 31, 2020598,039 $60.24 
Granted666,311 72.09 
Vested(439,695)69.29 
Forfeitures(61,174)68.12 
Unvested at December 31, 2021763,481 $69.42 
We granted an additional 634,118 time-based restricted stock units on February 9, 2022. These awards have a weighted average grant date fair value of $74.67 and will vest over a three-year period with a first vesting date of December 31, 2022.
A summary of the fair value of stock awards vested (in thousands): 
2021$110,701 
202020,985 
201920,170 
As of December 31, 2021, there was unrecognized compensation expense of $88.3 million related to previously granted stock awards. The amount of future expense to be recognized will be based on the company’s earnings growth and the continued employment of certain key employees.
EMPLOYEE STOCK PURCHASE PLAN. Our 1997 Employee Stock Purchase Plan allows our employees to contribute up to $10,000 of their annual cash compensation to purchase company stock. Purchase price is determined using the closing price on the last day of the quarter discounted by 15 percent. Shares are vested immediately. The following is a summary of the employee stock purchase plan activity (dollar amounts in thousands): 
Shares Purchased
By Employees		Aggregate Cost
to Employees		Expense Recognized
By the Company
2021220,970 $17,838 $3,148 
2020236,062 16,146 2,848 
2019224,596 16,093 2,840 

SHARE REPURCHASE PROGRAMS. In May 2018, the Board of Directors authorized a share repurchase program that allows the Company to repurchase 15,000,000 shares of our common stock. On December 9, 2021, the Board of Directors increased the company’s share repurchase authorization by an additional 20,000,000 shares of common stock. As of December 31, 2021, we have 21,635,388 shares remaining under the share repurchase authorization. The activity under these authorizations is as follows (dollar amounts in thousands):
Shares RepurchasedTotal Value of Shares
Repurchased
2019 Repurchases3,434,102 $306,444 
2020 Repurchases2,542,915 182,745 
2021 Repurchases6,154,364 580,818 
v3.22.0.1
COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
EMPLOYEE BENEFIT PLANS. We offer a defined contribution plan, which qualifies under section 401(k) of the Internal Revenue Code and covers all eligible U.S. employees. We can also elect to make matching contributions to the plan. Annual discretionary contributions may also be made to the plan. Defined contribution plan expense, including matching contributions, was approximately (in thousands): 
2021$48,714 
202018,827 
201942,491 
We contributed a defined contribution match of six percent in 2021 and 2019. Effective May 22, 2020, we temporarily suspended the employer-matching contribution due to the impacts of the COVID-19 pandemic. The employer-matching contribution was reinstated effective January 1, 2021.
LEASE COMMITMENTS. We maintain operating leases for office space, warehouses, office equipment, and a small number of intermodal containers. See Note 11, Leases, for further information.
LITIGATION. We are not subject to any pending or threatened litigation other than routine litigation arising in the ordinary course of our business operations, including certain contingent auto liability cases as of December 31, 2021. For some legal proceedings, we have accrued an amount that reflects the aggregate liability deemed probable and estimable, but this amount is not material to our consolidated financial position, results of operations, or cash flows. Because of the preliminary nature of many of these proceedings, the difficulty in ascertaining the applicable facts relating to many of these proceedings, the inconsistent treatment of claims made in many of these proceedings, and the difficulty of predicting the settlement value of many of these proceedings, we are not able to estimate an amount or range of any reasonably possible additional losses. However, based upon our historical experience, the resolution of these proceedings is not expected to have a material effect on our consolidated financial position, results of operations, or cash flows.
v3.22.0.1
ACQUISITIONS
 12 Months Ended
Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]  
ACQUISITIONS ACQUISITIONS
Combinex Holding B.V.
On June 3, 2021, we acquired all of the outstanding shares of Combinex Holding B.V. (“Combinex”) to strengthen our European road transportation presence. Total purchase consideration, net of cash acquired was $14.7 million, which was paid in cash.
Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):
Estimated Life (years)
Customer relationships7$3,942 
There was $10.8 million of goodwill recorded related to the acquisition of Combinex. The Combinex goodwill is a result of acquiring and retaining the Combinex workforce and expected synergies from integrating its business into ours. Purchase accounting is considered complete. The goodwill will not be deductible for tax purposes. The results of operations of Combinex have been included as part of the All Other and Corporate segment in our consolidated financial statements since June 3, 2021.
Prime Distribution Services
On March 2, 2020, we acquired all of the outstanding shares of Prime Distribution Services (“Prime Distribution”), a leading provider of retail consolidation services in North America, for $222.7 million in cash. This acquisition adds scale and value-added warehouse capabilities to our retail consolidation platform, adding to our global suite of services.
The following is a summary of the allocation of purchase consideration to the estimated fair value of net assets for the acquisition of Prime Distribution (dollars in thousands):
Current assets$8,879 
Property and equipment7,356 
Right-of-use lease assets35,017 
Other intangible assets55,000 
Goodwill176,727 
Total assets282,979 
Current liabilities12,243 
Lease liabilities35,017 
Deferred tax liabilities13,001 
Net assets acquired$222,718 
Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):
Estimated Life (years)
Customer relationships7$55,000 
There was $176.7 million of goodwill recorded related to the acquisition of Prime Distribution. The Prime Distribution goodwill is a result of acquiring and retaining the Prime Distribution workforce and expected synergies from integrating its business into ours. Purchase accounting is considered complete. The goodwill will not be deductible for tax purposes. The acquisition was effective as of February 29, 2020, and therefore the results of operations of Prime Distribution have been included as part of the North American Surface Transportation (“NAST”) segment in our consolidated financial statements since March 1, 2020.
Dema Service S.p.A
On May 22, 2019, we acquired all of the outstanding shares of Dema Service S.p.A. (“Dema Service”) to strengthen our existing footprint in Italy. Total purchase consideration, net of cash acquired was $14.2 million, which was paid in cash.
Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):
Estimated Life (years)
Customer relationships7$4,252 
There was $7.8 million of goodwill recorded related to the acquisition of Dema Service. The Dema Service goodwill is a result of acquiring and retaining the Dema Service workforce and expected synergies from integrating its business into ours. Purchase accounting is considered final. No goodwill was recognized for Italian tax purposes from the acquisition. The results of operations of Dema Service have been included as part of the All Other and Corporate segment in our consolidated financial statements since May 23, 2019.
The Space Cargo Group
On February 28, 2019, we acquired all of the outstanding shares of The Space Cargo Group (“Space Cargo”) for the purpose of expanding our presence and capabilities in Spain and Colombia. Total purchase consideration, net of cash acquired, was $45.5 million, which was paid in cash.
Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):
Estimated Life (years)
Customer relationships7$16,439 
There was $26.7 million of goodwill recorded related to the acquisition of Space Cargo. The Space Cargo goodwill is a result of acquiring and retaining the Space Cargo workforce and expected synergies from integrating its business into ours. Purchase accounting is considered final. No goodwill was recognized for Spanish tax purposes from the acquisition. The results of operations of Space Cargo have been included as part of the Global Forwarding segment in our consolidated financial statements since March 1, 2019.
v3.22.0.1
SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
Our segments are based on our method of internal reporting, which generally segregates the segments by service line and the primary services they provide to our customers. The internal reporting of segments is defined, based in part, on the reporting and review process used by our chief operating decision maker (“CODM”), our Chief Executive Officer. The accounting policies of our reportable segments are the same as those described in the summary of significant accounting policies. We do not report our intersegment revenues by segment to our CODM and do not believe they are a meaningful metric for evaluating the performance of our reportable segments. We identify two reportable segments as follows:
•North American Surface Transportation: NAST provides freight transportation services across North America through a network of offices in the United States, Canada, and Mexico. The primary services provided by NAST are truckload and less than truckload (“LTL”) transportation services.
•Global Forwarding: Global Forwarding provides global logistics services through an international network of offices in North America, Asia, Europe, Oceania, and South America and also contracts with independent agents worldwide. The primary services provided by Global Forwarding include ocean freight services, air freight services, and customs brokerage.
•All Other and Corporate: All Other and Corporate includes our Robinson Fresh and Managed Services segments, as well as Other Surface Transportation outside of North America and other miscellaneous revenues and unallocated corporate expenses. Robinson Fresh provides sourcing services including the buying, selling, and/or marketing of fresh fruits, vegetables, and other perishable items. Managed Services provides Transportation Management Services, or Managed TMS®. Other Surface Transportation revenues are primarily earned by our Europe Surface Transportation segment. Europe Surface Transportation provides transportation and logistics services including truckload and groupage services across Europe.
Reportable segment information as of, and for the years ended, December 31, 2021, 2020, and 2019, is as follows (dollars in thousands):
NASTGlobal ForwardingAll Other and CorporateConsolidated
Twelve Months Ended December 31, 2021
Total revenues$14,507,917 $6,729,790 $1,864,431 $23,102,138 
Income (loss) from operations585,351 510,756 (13,999)1,082,108 
Depreciation and amortization26,243 22,823 42,193 91,259 
Total assets (1)
3,349,578 2,843,239 835,295 7,028,112 
Average headcount6,764 5,071 3,926 15,761 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Twelve Months Ended December 31, 2020
Total revenues$11,312,553 $3,100,525 $1,794,028 $16,207,106 
Income (loss) from operations508,475 175,513 (10,720)673,268 
Depreciation and amortization25,314 34,550 41,863 101,727 
Total assets(1)
2,946,409 1,392,411 805,438 5,144,258 
Average headcount6,811 4,708 3,600 15,119 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Twelve Months Ended December 31, 2019
Total revenues$11,283,692 $2,327,913 $1,697,903 $15,309,508 
Income (loss) from operations722,763 80,527 (13,314)789,976 
Depreciation and amortization24,508 36,720 39,221 100,449 
Total assets (1)
2,550,010 1,021,592 1,069,458 4,641,060 
Average headcount7,354 4,766 3,431 15,551 
________________________________ 
(1) All cash and cash equivalents and certain owned properties are included in All Other and Corporate.
The following table presents our total revenues (based on location of the customer) and long-lived assets (including intangible and other assets) by geographic regions (in thousands): 
For the year ended December 31,
202120202019
Total revenues
United States$19,494,969 $13,896,382 $13,143,522 
Other locations3,607,169 2,310,724 2,165,986 
Total revenues$23,102,138 $16,207,106 $15,309,508 
As of December 31,
202120202019
Long-lived assets
United States$587,339 $551,511 $489,129 
Other locations151,866 163,860 206,567 
Total long-lived assets$739,205 $715,371 $695,696 
v3.22.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
A summary of our total revenues disaggregated by major service line and timing of revenue recognition is presented below for each of our reportable segments for the twelve months ended December 31, 2021, 2020, and 2019, as follows (dollars in thousands):
Twelve Months Ended December 31, 2021
NASTGlobal ForwardingAll Other and CorporateTotal
Major service lines:
Transportation and logistics services(1)
$14,507,917 $6,729,790 $808,867 $22,046,574 
Sourcing(2)
— — 1,055,564 1,055,564 
Total
$14,507,917 $6,729,790 $1,864,431 $23,102,138 
Twelve Months Ended December 31, 2020
NASTGlobal ForwardingAll Other and CorporateTotal
Major service lines:
Transportation and logistics services(1)
$11,312,553 $3,100,525 $734,484 $15,147,562 
Sourcing(2)
— — 1,059,544 1,059,544 
Total
$11,312,553 $3,100,525 $1,794,028 $16,207,106 
Twelve Months Ended December 31, 2019
NASTGlobal ForwardingAll Other and CorporateTotal
Major service lines:
Transportation and logistics services(1)
$11,283,692 $2,327,913 $710,690 $14,322,295 
Sourcing(2)
— — 987,213 987,213 
Total
$11,283,692 $2,327,913 $1,697,903 $15,309,508 
________________________________ 
(1) Transportation and logistics services performance obligations are completed over time.
(2) Sourcing performance obligations are completed at a point in time.

We typically do not receive consideration and amounts are not due from our customer prior to the completion of our performance obligations and as such contract liabilities as of December 31, 2021 and 2020, and revenue recognized in the twelve months ended December 31, 2021, 2020, and 2019, resulting from contract liabilities were not significant. Contract assets and accrued expenses—transportation expense fluctuate from period to period primarily based upon shipments in-transit at period end and the timing of customer invoicing.
Approximately 93 percent, 91 percent, and 92 percent of our total revenues for the twelve months ended December 31, 2021, 2020, and 2019, respectively, are attributable to arranging for the transportation of our customers’ freight for which we transfer control and satisfy our performance obligation over the requisite transit period. A days in transit output method is used to measure the progress of our performance as of the reporting date. We determine the transit period based upon the departure date and the delivery date, which may be estimated if delivery has not occurred as of the reporting date. Determining the transit period and how much of it has been completed as of the reporting date may require management to make judgments that affect the timing of revenue recognized. We have determined that revenue recognition over the transit period provides a faithful depiction of the transfer of goods and services to our customer as our obligation is performed over the transit period. The transaction price for our performance obligation under these arrangements is generally fixed and readily determinable upon contract inception and is not contingent upon the occurrence or non-occurrence of another event.
Approximately five percent, seven percent, and six percent of our total revenues for the twelve months ended December 31, 2021, 2020, and 2019, respectively, are attributable to buying, selling, and/or marketing of produce including fresh fruits, vegetables, and other value-added perishable items. Total revenues for these transactions are recognized at a point in time upon completion of our performance obligation, which is generally when the produce is received by our customer. The transaction price for our performance obligation under these arrangements is generally fixed and readily determinable upon contract inception and is not contingent upon the occurrence or non-occurrence of another event.
Approximately two percent of our total revenues for the twelve months ended December 31, 2021, 2020, and 2019, respectively, are attributable to value-added logistics services, such as customs brokerage, fee-based managed services, warehousing services, small parcel, and supply chain consulting and optimization services. Total revenues for these services are recognized over time as we complete our performance obligation. Transaction price is determined and allocated to these performance obligations at their fixed fee or agreed upon rate multiplied by their associated measure of progress, which may be transactional volumes, labor hours, or time elapsed.
We expense incremental costs of obtaining customer contracts (i.e., sales commissions) due to the short duration of our arrangements as the amortization period of such amounts is expected to be less than one year. These amounts are included within personnel expenses in our consolidated statements of operations and comprehensive income. In addition, we do not disclose the aggregate amount of transaction price allocated to performance obligations that are unsatisfied as of the end of the period, as our contracts have an expected length of one year or less. Finally, for certain of our performance obligations such as fee-based managed services, supply chain consulting and optimization services, and warehousing services, we have recognized revenue in the amount for which we have the right to invoice our customer as we have determined this amount corresponds directly with the value provided to the customer for our performance completed to date.
v3.22.0.1
LEASES
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
LEASES LEASES
We determine if our contractual agreements contain a lease at inception. A lease is identified when a contract allows us the right to control an identified asset for a period of time in exchange for consideration. Our lease agreements consist primarily of operating leases for office space, warehouses, office equipment, and a small number of intermodal containers. We do not have material financing leases. Frequently, we enter into contractual relationships with a wide variety of transportation companies for freight capacity, and utilize those relationships to efficiently and cost-effectively arrange the transport of our customers’ freight. These contracts typically have a term of 12 months or less and do not allow us to direct the use or obtain substantially all of the economic benefits of a specifically identified asset. Accordingly, these agreements are not considered leases.
Our operating leases are included on the consolidated balance sheets as right-of-use lease assets and lease liabilities. A right-of-use lease asset represents our right to use an underlying asset over the term of a lease, while a lease liability represents our obligation to make lease payments arising from the lease. Current and noncurrent lease liabilities are recognized on commencement date at the present value of lease payments, including non-lease components, which consist primarily of common area maintenance and parking charges. Right-of-use lease assets are also recognized on the commencement date as the total lease liability plus prepaid rents. As our leases typically do not provide an implicit rate, we use our fully collateralized incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The incremental borrowing rate is influenced by market interest rates, our credit rating, and lease term and as such, may differ for individual leases.
Our lease agreements typically do not contain variable lease payments, residual value guarantees, purchase options, or restrictive covenants. Many of our leases include the option to renew for a period of months to several years. The term of our leases may include the option to renew when it is reasonably certain that we will exercise that option although these occurrences are seldom. We have lease agreements with lease components (e.g., payments for rent) and non-lease components (e.g., payments for common area maintenance and parking), which are all accounted for as a single lease component.
Information regarding lease expense, remaining lease term, discount rate, and other select lease information is presented below as of December 31, 2021 and 2020, and for the twelve months ended December 31, 2021 and 2020 (dollars in thousands):
Twelve Months Ended December 31,
Lease Costs20212020
Operating lease expense$85,521 $86,451 
Short-term lease expense8,307 15,130 
Total lease expense$93,828 $101,581 
Twelve Months Ended December 31,
Other Lease Information20212020
Operating cash outflows from operating leases$85,244 $74,177 
Right-of-use lease assets obtained in exchange for new lease liabilities(1)
52,931 95,005 
As of December 31,
Lease Term and Discount Rate20212020
Weighted average remaining lease term (in years)(1)
6.46.8
Weighted average discount rate3.0 %3.2 %
________________________________ 
(1) The weighted average remaining lease term is significantly impacted by a 15-year lease related to office space in Chicago, IL, that commenced in 2018. Excluding this lease, the weighted average remaining lease term of our agreements is 4.5 years.

The maturity of lease liabilities as of December 31, 2021, were as follows (in thousands):
Maturity of Lease LiabilitiesOperating Leases
2022$74,600 
202369,277 
202448,819 
202536,461 
202626,678 
Thereafter86,859 
Total lease payments342,694 
Less: Interest(35,014)
Present value of lease liabilities
$307,680 
v3.22.0.1
CREDIT LOSSES
 12 Months Ended
Dec. 31, 2021
Credit Loss [Abstract]  
ALLOWANCE FOR CREDIT LOSSES ALLOWANCE FOR CREDIT LOSSES
Our allowance for credit losses is computed using a number of factors including our past credit loss experience, the aging of amounts due from our customers, our customers' credit ratings, in addition to other customer specific factors. We have also considered recent trends and developments related to the current macroeconomic environment in determining our ending allowance for credit losses for both accounts receivable and contract assets. The allowance for credit losses on contract assets was not significant.
A rollforward of our allowance for credit losses on our accounts receivable balance is presented below for the twelve months ended December 31, 2021:
Balance, December 31, 2020$38,113 
Provision9,405 
Write-offs(5,976)
Balance, December 31, 2021$41,542 
Recoveries of amounts previously written off were not significant for the twelve months ended December 31, 2021.
v3.22.0.1
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS
 12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS
Accumulated other comprehensive loss is included in the Stockholders’ investment on our consolidated balance sheets. The recorded balance at December 31, 2021 and 2020, was $61.1 million and $46.0 million, respectively, and is comprised solely of foreign currency adjustments, including foreign currency translation.
Other comprehensive loss was $15.1 million for the twelve months ended December 31, 2021, and consisted of foreign currency adjustments, including foreign currency translation. Other comprehensive income was $30.2 million for the twelve months ended December 31, 2020. Both periods were driven primarily by fluctuations in the Australian Dollar and Singapore Dollar.
v3.22.0.1
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
 12 Months Ended
Dec. 31, 2021
Accounting Standards Update and Change in Accounting Principle [Abstract]  
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTSIn March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional practical expedients to simplify accounting for reference rate reform. Amongst other practical expedients, the update allows for contract modifications due to reference rate reform for certain receivables and debt contracts to be accounted for by prospectively adjusting the effective interest rate. The amendments in this ASU are effective for all entities beginning on March 12, 2020, and companies may elect to apply the amendments prospectively through December 31, 2022. The Company is currently evaluating the effects that adoption of this guidance will have on our consolidated financial statements.
v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
BASIS OF PRESENTATION BASIS OF PRESENTATION. C.H. Robinson Worldwide, Inc., and our subsidiaries (“the company,” “we,” “us,” or “our”) are a global provider of transportation services and logistics solutions through a network of offices operating in North America, Europe, Asia, Oceania, and South America. The consolidated financial statements include the accounts of C.H. Robinson Worldwide, Inc., and our majority owned and controlled subsidiaries. Our minority interests in subsidiaries are not significant. All intercompany transactions and balances have been eliminated in the consolidated financial statements.
USE OF ESTIMATES USE OF ESTIMATES. The preparation of financial statements, in conformity with accounting principles generally accepted in the United States, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates have been prepared on the basis of the most current and best information available, and our actual results could differ materially from those estimates.
REVENUE RECOGNITION
REVENUE RECOGNITION. At contract inception, we assess the goods and services promised in our contracts with customers and identify our performance obligations to provide distinct goods and services to our customers. We have determined that the following distinct goods and services represent our primary performance obligations.
Transportation and Logistics Services - As a global logistics provider, our primary performance obligation under our customer contracts is to utilize our relationships with a wide variety of transportation companies to efficiently and cost-effectively transport our customers’ freight. Revenue is recognized for these performance obligations as they are satisfied over the contract term, which generally represents the transit period. The transit period can vary based upon the method of transport, generally a number of days for over the road, rail, and air transportation, or several weeks in the case of an ocean shipment. Determining the transit period and how much of it has been completed as of the reporting date may require management to make judgments that affect the timing of revenue recognized. When the customers’ freight reaches its intended destination our performance obligation is complete. Pricing for our services is generally a fixed amount and is typically due within 30 days upon completion of our performance obligation, but can vary based on the nature of the service provided and certain other factors.
We also provide certain value-added logistics services, such as customs brokerage, fee-based managed services, warehousing services, small parcel, and supply chain consulting and optimization services. These services may include one or more performance obligations, which are generally satisfied over the service period as we perform our obligations. The service period may be a very short duration, in the case of customs brokerage and small parcel, or it may be longer in the case of warehousing, managed services, and supply chain consulting and optimization services. Pricing for our services is established in the customer contract and is dependent upon the specific needs of the customer but may be agreed upon at a fixed fee per transaction, labor hour, or service period. Payment is typically due within 30 days upon completion of our performance obligation, but can vary based on the nature of the service provided and certain other factors.
Sourcing Services - We contract with grocery retailers, restaurants, foodservice distributors, and produce wholesalers to provide sourcing services under the trade name Robinson Fresh® (“Robinson Fresh”). Our primary service obligation under these contracts is the buying, selling, and/or marketing of produce including fresh fruits, vegetables, and other value-added perishable items. Revenue is recognized when our performance obligations under these contracts is satisfied at a point in time, generally when the produce is received by our customer. Pricing under these contracts is generally a fixed amount and is typically due within 20 to 30 days upon completion of our performance obligation, but can vary based on the nature of the service provided and certain other factors.
In many cases, as additional performance obligations, we contract to arrange logistics and transportation of the products we buy, sell, and/or market. These performance obligations are satisfied over the contract term consistent with our other transportation and logistics services. The contract period is typically less than one year. Pricing for our services is generally a fixed amount and is typically due within 30 days upon completion of our performance obligation, but can vary based on the nature of the service provided and certain other factors.
Total revenues represent the total dollar value of revenue recognized from contracts with customers for the goods and services we provide. Substantially all of our revenue is attributable to contracts with our customers. Our adjusted gross profits are our total revenues less purchased transportation and related services, including contracted motor carrier, rail, ocean, air, and other costs, and the purchase price and services related to the products we source. Most transactions in our transportation and sourcing businesses are recorded at the gross amount we charge our customers for the service we provide and goods we sell. In
these transactions, we are primarily responsible for fulfilling the promise to provide the specified good or service to our customer and we have discretion in establishing the price for the specified good or service. Additionally, in our sourcing business, in some cases we take inventory risk before the specified good has been transferred to our customer. Customs brokerage, managed services, freight forwarding, and sourcing managed procurement transactions are recorded at the net amount we charge our customers for the service we provide because many of the factors stated above are not present.
CONTRACT ASSETS CONTRACT ASSETS. Contract assets represent amounts for which we have the right to consideration for the services we have provided while a shipment is still in-transit but for which we have not yet completed our performance obligation or have not yet invoiced our customer. Upon completion of our performance obligations, which can vary in duration based upon the method of transport, and billing our customer these amounts become classified within accounts receivable and are then typically due within 30 days.
ACCRUED TRANSPORTATION EXPENSE ACCRUED TRANSPORTATION EXPENSE. Accrued transportation expense represents amounts we owe to vendors, primarily transportation providers, for the services they have provided while a shipment is still in-transit as of the reporting date.
ALLOWANCE FOR DOUBTFUL ACCOUNTS ALLOWANCE FOR CREDIT LOSSES. Accounts receivable and contract assets are reduced by an allowance for expected credit losses. We determine our allowance for expected credit losses by evaluating two approaches that consider our past credit loss experience, our customers' credit ratings, and other customer-specific and macroeconomic factors. The first approach is pooling our customers by credit rating and applying an expected loss ratio based upon credit rating and number of days the receivable has been outstanding, (i.e., aging approach). The second approach is to compute an expected loss ratio for each credit rating pool based upon our historical write-off experience and apply it to our accounts receivable, (i.e., loss ratio approach). These two approaches are evaluated in consideration of other known information and customer specific and macroeconomic factors, including the price of diesel fuel, for purposes of determining the expected credit loss allowance.
FOREIGN CURRENCY FOREIGN CURRENCY. Most balance sheet accounts of foreign subsidiaries are remeasured and translated at the current exchange rate as of the end of the year. Translation adjustments are recorded in other comprehensive (loss) income. Statement of operations items are translated at the average exchange rate during the year.
CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS. Cash and cash equivalents consist primarily of bank deposits and highly liquid investments with an original maturity of three months or less from the time of purchase.
PREPAID EXPENSES AND OTHER PREPAID EXPENSES AND OTHER. Prepaid expenses and other include such items as software maintenance contracts, insurance premiums, other prepaid operating expenses, and inventories, consisting primarily of produce and related products held for resale.
RIGHT-OF-USE LEASE ASSETS AND LEASE LIABILITIES
RIGHT-OF-USE LEASE ASSETS. Right-of-use lease assets are recognized upon lease commencement and represent our right to use an underlying asset for the lease term.
LEASE LIABILITIES. Lease liabilities are recognized at commencement date and represent our obligation to make the lease payments arising from a lease, measured on a discounted basis.
PROPERTY AND EQUIPMENT PROPERTY AND EQUIPMENT. Property and equipment are recorded at cost. Maintenance and repair expenditures are charged to expense as incurred. Depreciation is computed using the straight-line method over the estimated lives of the assets. Amortization of leasehold improvements is computed over the shorter of the lease term or the estimated useful lives of the improvements.
GOODWILL GOODWILL. Goodwill represents the excess of the cost of acquired businesses over the net of the fair value of identifiable tangible assets and identifiable intangible assets purchased and liabilities assumed. Goodwill is tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis (November 30 for us) and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value.
OTHER INTANGIBLE ASSETS OTHER INTANGIBLE ASSETS. Other intangible assets include definite-lived customer lists, trademarks, non-competition agreements, and indefinite-lived trademarks. The definite-lived intangible assets are being amortized using the straight-line method over their estimated lives. Definite-lived intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The indefinite-lived trademarks are not amortized. Indefinite-lived intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, or annually, at a minimum.
OTHER ASSETS OTHER ASSETS. Other assets consist primarily of purchased and internally developed software. We amortize software using the straight-line method over three years.
INCOME TAXES
INCOME TAXES. Income taxes are accounted for using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities using enacted rates.
Annual tax provisions include amounts considered sufficient to pay assessments that may result from examination of prior year tax returns; however, the amount ultimately paid upon resolution of issues raised may differ from the amounts accrued.
The financial statement benefits of an uncertain income tax position are recognized when more likely than not, based on the technical merits, the position will be sustained upon examination. Unrecognized tax benefits are, more likely than not, owed to a taxing authority, and the amount of the contingency can be reasonably estimated. Uncertain income tax positions are included in “Accrued income taxes” or “Noncurrent income taxes payable” in the consolidated balance sheets.
COMPREHENSIVE INCOME (LOSS) COMPREHENSIVE INCOME (LOSS). Comprehensive income (loss) consists primarily of foreign currency translation adjustments. It is presented on our consolidated statements of operations and comprehensive income.
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION. We issue stock awards, including stock options, performance shares, and restricted stock units, to key employees and outside directors. In general, the awards vest over three to five years, either based on the company’s earnings or adjusted gross profit growth or the passage of time. The related compensation expense for each award is recognized over the appropriate vesting period. The fair value of each share-based payment award is established on the date of grant. For grants of shares and restricted stock units, the fair value is established based on the market price on the date of the grant, discounted for post-vesting holding restrictions. The discounts on outstanding grants vary from 12 percent to 24 percent and are calculated using the Black-Scholes option pricing model-protective put method. Changes in expected volatility and risk-free interest rates are the primary reason for changes in the discount.
For grants of options, we use the Black-Scholes option pricing model to estimate the fair value of share-based payment awards. The determination of the fair value of share-based awards is affected by our stock price and a number of assumptions, including expected volatility, expected term, risk-free interest rate, and dividend yield.
FAIR VALUE MEASUREMENT FAIR VALUE MEASUREMENT
Accounting guidance on fair value measurements for certain financial assets and liabilities requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories:
•Level 1-Quoted market prices in active markets for identical assets or liabilities.
•Level 2-Observable market-based inputs or unobservable inputs that are corroborated by market data.
•Level 3-Unobservable inputs reflecting the reporting entity’s own assumptions or external inputs from inactive markets.
A financial asset or liability’s classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement.
RECENTLY ISSUED ACCOUNTING PRNOUNCEMENTS RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTSIn March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional practical expedients to simplify accounting for reference rate reform. Amongst other practical expedients, the update allows for contract modifications due to reference rate reform for certain receivables and debt contracts to be accounted for by prospectively adjusting the effective interest rate. The amendments in this ASU are effective for all entities beginning on March 12, 2020, and companies may elect to apply the amendments prospectively through December 31, 2022. The Company is currently evaluating the effects that adoption of this guidance will have on our consolidated financial statements.
v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Property and Equipment and Depreciation Expense
We recognized the following depreciation expense (in thousands): 
2021$39,790 
202042,890 
201945,016 
A summary of our property and equipment as of December 31, is as follows (in thousands): 
20212020
Furniture, fixtures, and equipment$292,224 $286,277 
Buildings (1)
60,059 93,538 
Corporate aircraft (1)
— 11,461 
Leasehold improvements70,630 67,037 
Land11,014 19,816 
Construction in progress8,185 853 
Less: accumulated depreciation and amortization(302,281)(300,033)
Net property and equipment$139,831 $178,949 
________________________________ 
(1) Our corporate aircraft and an office building in Kansas City, Missouri, have been reclassified as held-for-sale assets as of December 31, 2021. Held-for-sale assets of $35.0 million are expected to sell in the first half of 2022 and are included within Prepaid expenses and other current assets in our Consolidated Balance Sheet as of December 31, 2021. The estimated fair value of the assets that are held for sale is $64.0 million.
Schedule of Amortization Expense of Software We recognized the following amortization expense of purchased and internally developed software (in thousands): 
2021$25,975 
202022,612 
201917,023 
Schedule of Purchased and Internally Developed Software
A summary of our purchased and internally developed software as of December 31, is as follows (in thousands): 
20212020
Purchased software$30,312 $29,029 
Internally developed software153,983 127,476 
Less accumulated amortization(114,183)(96,891)
Net software$70,112 $59,614 
v3.22.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The change in the carrying amount of goodwill is as follows (in thousands):
NASTGlobal ForwardingAll Other and CorporateTotal
December 31, 2019 balance
$1,015,570 $208,420 $67,770 $1,291,760 
Acquisitions176,484 780 — 177,264 
Foreign currency translation11,918 4,782 1,463 18,163 
December 31, 2020 balance
1,203,972 213,982 69,233 1,487,187 
Acquisitions243 — 10,754 10,997 
Foreign currency translation(7,882)(3,591)(1,957)(13,430)
December 31, 2021 balance
$1,196,333 $210,391 $78,030 $1,484,754 
Schedule of Intangible Assets Identifiable intangible assets consisted of the following at December 31 (in thousands): 
20212020
CostAccumulated AmortizationNetCostAccumulated AmortizationNet
Finite-lived intangibles
Customer relationships$169,308 $(88,302)$81,006 $171,684 $(67,312)$104,372 
Trademarks— — — 1,875 (937)938 
Total finite-lived intangibles169,308 (88,302)81,006 173,559 (68,249)105,310 
Indefinite-lived intangibles
Trademarks8,600 — 8,600 8,600 — 8,600 
Total intangibles$177,908 $(88,302)$89,606 $182,159 $(68,249)$113,910 
Schedule of Amortization Expense
Amortization expense for other intangible assets was (in thousands): 
2021$25,494 
202036,225 
201938,410 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Finite-lived intangible assets, by reportable segment, as of December 31, 2021, will be amortized over their remaining lives as follows (in thousands):
NASTGlobal ForwardingAll Other and CorporateTotal
2022$8,096 $14,954 $1,137 $24,187 
20238,096 12,285 1,137 21,518 
20247,986 3,702 1,137 12,825 
20257,857 2,409 1,137 11,403 
20267,857 391 777 9,025 
Thereafter1,310 — 738 2,048 
Total$81,006 
v3.22.0.1
FINANCING ARRANGEMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Components of Short-term and Long-term Debt
The components of our short-term and long-term debt and the associated interest rates were as follows (dollars in thousands):
Average interest rate as ofCarrying value as of
December 31, 2021December 31, 2020MaturityDecember 31, 2021December 31, 2020
Revolving credit facility1.23 %— %October 2023$525,000 $— 
Senior Notes, Series A3.97 %3.97 %August 2023175,000 175,000 
Senior Notes, Series B4.26 %4.26 %August 2028150,000 150,000 
Senior Notes, Series C4.60 %4.60 %August 2033175,000 175,000 
Receivables securitization facility (1)
0.73 %— %November 2023299,481 — 
Senior Notes (1)
4.20 %4.20 %April 2028594,168 593,301 
Total debt1,918,649 1,093,301 
Less: Current maturities and short-term borrowing(525,000)— 
Long-term debt$1,393,649 $1,093,301 
________________________________ 
(1) Net of unamortized discounts and issuance costs.
v3.22.0.1
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Schedule of Income before Provision for Income Taxes Income before provision for income taxes consisted of (in thousands):
202120202019
Domestic$566,847 $499,384 $649,742 
Foreign455,444 128,947 92,515 
Total$1,022,291 $628,331 $742,257 
Summary of Reconciliation of Unrecognized Tax Benefits A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows (in thousands):
202120202019
Unrecognized tax benefits, beginning of period$36,216 $33,938 $31,515 
Additions based on tax positions related to the current year3,530 3,172 2,212 
Additions for tax positions of prior years1,919 1,568 2,148 
Reductions for tax positions of prior years(2,431)(124)— 
Lapse in statute of limitations(1,932)(2,276)(1,703)
Settlements— (62)(234)
Unrecognized tax benefits, end of the period$37,302 $36,216 $33,938 
Schedule of Components of Provision for Income Taxes
The components of the provision for income taxes consist of the following for the years ended December 31 (in thousands): 
202120202019
Tax provision:
Federal$165,218 $99,901 $106,009 
State36,718 19,825 25,788 
Foreign85,654 40,103 35,899 
287,590 159,829 167,696 
Deferred provision (benefit):
Federal(90,960)(28,238)1,554 
State(16,176)(5,749)316 
Foreign(2,408)(3,932)(4,277)
(109,544)(37,919)(2,407)
Total provision$178,046 $121,910 $165,289 
Schedule of Effective Income Tax Rate Reconciliation A reconciliation of the provision for income taxes using the statutory federal income tax rate to our effective income tax rate for the years ended December 31, is as follows:  
202120202019
Federal statutory rate21.0 %21.0 %21.0 %
State income taxes, net of federal benefit1.7 2.5 2.8 
Share-based payment awards(0.6)(2.8)(0.9)
Excess foreign tax credits(0.4)(2.2)(1.5)
Other U.S. tax credits and incentives(3.3)(1.4)(0.9)
Foreign(1.2)1.3 1.7 
Other0.2 1.0 0.1 
Effective income tax rate17.4 %19.4 %22.3 %
Schedule of Deferred Tax Assets and Liabilities Deferred tax assets (liabilities) are comprised of the following at December 31 (in thousands):
20212020
Deferred tax assets:
Lease liabilities$60,846 $82,982 
Compensation71,770 60,160 
Accrued expenses92,936 39,987 
Foreign affiliate prepayment88,399 — 
Other22,925 26,848 
Deferred tax liabilities:
Right-of-use assets(56,044)(77,513)
Intangible assets(79,198)(81,210)
Accrued revenue(47,255)(18,978)
Prepaid assets(14,021)(5,732)
Long-lived assets(10,387)(12,722)
Foreign withholding tax(11,917)(10,222)
Other(9,267)(7,142)
Net deferred tax assets (liabilities)$108,787 $(3,542)
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense A summary expense recognized within personnel expenses in our consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):
202120202019
Stock options$16,128 $20,162 $16,073 
Stock awards110,701 20,985 20,170 
Company expense on ESPP discount3,148 2,848 2,840 
Total stock-based compensation expense$129,977 $43,995 $39,083 
Schedule of Stock Option Activity The following schedule summarizes stock option activity in the plans. All outstanding unvested options as of December 31, 2021, relate to time-based grants from 2015 through 2020.
OptionsWeighted
Average
Exercise
Price		Aggregate
Intrinsic
Value
(in thousands)		Average
Remaining
Life
(years)
Outstanding at December 31, 20207,260,840 $76.37 $127,065 6.6
Exercised(748,198)71.95 
Forfeitures(18,778)76.03 
Outstanding at December 31, 20216,493,864 $76.88 $199,682 5.8
Vested at December 31, 20214,789,677 $76.08 5.2
Exercisable at December 31, 20214,789,677 $76.08 5.2
Schedule of Intrinsic Value of Options Exercised Information on the intrinsic value of options exercised is as follows (in thousands):
2021$20,427 
202038,551 
201915,862 
Schedule of Unvested Stock Option Grants
The following table summarizes these unvested stock option grants as of December 31, 2021:
First Vesting DateLast Vesting DateOptions
Granted, Net of
Forfeitures
Weighted
Average Grant
Date Fair Value(1)
Unvested Options
December 31, 2018December 31, 20221,441,636 $14.25 276,353 
December 31, 2019December 31, 20231,154,019 20.12 451,674 
December 31, 2020December 31, 20241,638,791 13.87 976,160 
4,234,446 $15.70 1,704,187 
________________________________ 
(1) Amount shown is the weighted average grant date fair value of options granted, net of forfeitures.
Schedule of Option Pricing Model Valuation Assumptions
The fair value per option was estimated using the Black-Scholes option pricing model with the following assumptions: 
2020 Grants2019 Grants
Weighted-average risk-free interest rate1.6%2.1%
Expected dividend yield2.5%2.0%
Weighted-average volatility23%25%
Expected term (in years)8.916.08
Weighted average fair value per option$13.88 $17.52 
Schedule of Performance Based Restricted Shares and Restricted Stock Units
The following table summarizes our unvested performance-based restricted shares and restricted stock unit grants as of December 31, 2021:
Number of Restricted Shares and Restricted Stock UnitsWeighted Average
Grant Date Fair Value
Unvested at December 31, 20201,102,211 $67.29 
Granted(1)
292,993 74.92 
Performance-based grant adjustment(2)
29,147 67.13 
Vested(980,188)67.37 
Forfeitures(36,521)71.10 
Unvested at December 31, 2021407,642 $72.21 
________________________________ 
(1) Amount represents performance-based restricted stock unit grants at target.
(2)Amount represents incremental shares issuable for achieving 200 percent upside upon meeting certain adjusted gross profit targets in 2021.
The following table summarizes unvested performance-based restricted shares and restricted stock units by vesting period: 
First Vesting DateLast Vesting DatePerformance Shares and Stock Units
Granted, Net of
Forfeitures
Weighted
Average Grant
Date Fair Value (1)
Unvested Performance Shares and Restricted Stock Units
December 31, 2019December 31, 2023354,005 $73.79 70,756 
December 31, 2020December 31, 2024401,548 59.34 80,268 
December 31, 2021December 31, 2025285,765 74.91 256,618 
1,041,318 $68.53 407,642 
________________________________ 
(1) Amount shown is the weighted average grant date fair value of performance-based restricted shares and restricted stock units granted, net of forfeitures.
Schedule of Unvested Time-Based Restricted Share and Restricted Stock Unit Grants The following table summarizes our unvested time-based restricted share and restricted stock unit grants as of December 31, 2021: 
Number of Restricted
Shares and Stock Units		Weighted Average
Grant Date Fair Value
Unvested at December 31, 2020598,039 $60.24 
Granted666,311 72.09 
Vested(439,695)69.29 
Forfeitures(61,174)68.12 
Unvested at December 31, 2021763,481 $69.42 
Schedule of Fair Value Stock Awards Vested
A summary of the fair value of stock awards vested (in thousands): 
2021$110,701 
202020,985 
201920,170 
Schedule of Employee Stock Purchase Plan Activity The following is a summary of the employee stock purchase plan activity (dollar amounts in thousands): 
Shares Purchased
By Employees		Aggregate Cost
to Employees		Expense Recognized
By the Company
2021220,970 $17,838 $3,148 
2020236,062 16,146 2,848 
2019224,596 16,093 2,840 
Schedule of Share Repurchase Program Activity The activity under these authorizations is as follows (dollar amounts in thousands):
Shares RepurchasedTotal Value of Shares
Repurchased
2019 Repurchases3,434,102 $306,444 
2020 Repurchases2,542,915 182,745 
2021 Repurchases6,154,364 580,818 
v3.22.0.1
COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Defined Contribution Plan Expense Defined contribution plan expense, including matching contributions, was approximately (in thousands): 
2021$48,714 
202018,827 
201942,491 
v3.22.0.1
ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2021
Combinex  
Business Acquisition [Line Items]  
Schedule of Identifiable Intangible Assets and Estimated Useful Lives Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):
Estimated Life (years)
Customer relationships7$3,942 
Prime Distribution  
Business Acquisition [Line Items]  
Schedule of Identifiable Intangible Assets and Estimated Useful Lives Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):
Estimated Life (years)
Customer relationships7$55,000 
Schedule of Allocation of Purchase Consideration to Estimated Fair Value of Net Assets The following is a summary of the allocation of purchase consideration to the estimated fair value of net assets for the acquisition of Prime Distribution (dollars in thousands):
Current assets$8,879 
Property and equipment7,356 
Right-of-use lease assets35,017 
Other intangible assets55,000 
Goodwill176,727 
Total assets282,979 
Current liabilities12,243 
Lease liabilities35,017 
Deferred tax liabilities13,001 
Net assets acquired$222,718 
Dema Service  
Business Acquisition [Line Items]  
Schedule of Identifiable Intangible Assets and Estimated Useful Lives Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):
Estimated Life (years)
Customer relationships7$4,252 
Space Cargo  
Business Acquisition [Line Items]  
Schedule of Identifiable Intangible Assets and Estimated Useful Lives Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):
Estimated Life (years)
Customer relationships7$16,439 
v3.22.0.1
SEGMENT REPORTING (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Summary of Segment Information
Reportable segment information as of, and for the years ended, December 31, 2021, 2020, and 2019, is as follows (dollars in thousands):
NASTGlobal ForwardingAll Other and CorporateConsolidated
Twelve Months Ended December 31, 2021
Total revenues$14,507,917 $6,729,790 $1,864,431 $23,102,138 
Income (loss) from operations585,351 510,756 (13,999)1,082,108 
Depreciation and amortization26,243 22,823 42,193 91,259 
Total assets (1)
3,349,578 2,843,239 835,295 7,028,112 
Average headcount6,764 5,071 3,926 15,761 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Twelve Months Ended December 31, 2020
Total revenues$11,312,553 $3,100,525 $1,794,028 $16,207,106 
Income (loss) from operations508,475 175,513 (10,720)673,268 
Depreciation and amortization25,314 34,550 41,863 101,727 
Total assets(1)
2,946,409 1,392,411 805,438 5,144,258 
Average headcount6,811 4,708 3,600 15,119 
NASTGlobal ForwardingAll Other and CorporateConsolidated
Twelve Months Ended December 31, 2019
Total revenues$11,283,692 $2,327,913 $1,697,903 $15,309,508 
Income (loss) from operations722,763 80,527 (13,314)789,976 
Depreciation and amortization24,508 36,720 39,221 100,449 
Total assets (1)
2,550,010 1,021,592 1,069,458 4,641,060 
Average headcount7,354 4,766 3,431 15,551 
________________________________ 
(1) All cash and cash equivalents and certain owned properties are included in All Other and Corporate.
Schedule of Total Revenues and Long-Lived Assets by Geographic Regions
The following table presents our total revenues (based on location of the customer) and long-lived assets (including intangible and other assets) by geographic regions (in thousands): 
For the year ended December 31,
202120202019
Total revenues
United States$19,494,969 $13,896,382 $13,143,522 
Other locations3,607,169 2,310,724 2,165,986 
Total revenues$23,102,138 $16,207,106 $15,309,508 
As of December 31,
202120202019
Long-lived assets
United States$587,339 $551,511 $489,129 
Other locations151,866 163,860 206,567 
Total long-lived assets$739,205 $715,371 $695,696 
v3.22.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
Schedule of Total Revenues Disaggregated by Major Service Line and Timing of Revenue Recognition
A summary of our total revenues disaggregated by major service line and timing of revenue recognition is presented below for each of our reportable segments for the twelve months ended December 31, 2021, 2020, and 2019, as follows (dollars in thousands):
Twelve Months Ended December 31, 2021
NASTGlobal ForwardingAll Other and CorporateTotal
Major service lines:
Transportation and logistics services(1)
$14,507,917 $6,729,790 $808,867 $22,046,574 
Sourcing(2)
— — 1,055,564 1,055,564 
Total
$14,507,917 $6,729,790 $1,864,431 $23,102,138 
Twelve Months Ended December 31, 2020
NASTGlobal ForwardingAll Other and CorporateTotal
Major service lines:
Transportation and logistics services(1)
$11,312,553 $3,100,525 $734,484 $15,147,562 
Sourcing(2)
— — 1,059,544 1,059,544 
Total
$11,312,553 $3,100,525 $1,794,028 $16,207,106 
Twelve Months Ended December 31, 2019
NASTGlobal ForwardingAll Other and CorporateTotal
Major service lines:
Transportation and logistics services(1)
$11,283,692 $2,327,913 $710,690 $14,322,295 
Sourcing(2)
— — 987,213 987,213 
Total
$11,283,692 $2,327,913 $1,697,903 $15,309,508 
________________________________ 
(1) Transportation and logistics services performance obligations are completed over time.
(2) Sourcing performance obligations are completed at a point in time.
v3.22.0.1
LEASES (Tables)
 12 Months Ended
Dec. 31, 2021
Leases [Abstract]  
Schedule of Lease Expense, Remaining Lease Terms, Discount Rate and Other Information
Information regarding lease expense, remaining lease term, discount rate, and other select lease information is presented below as of December 31, 2021 and 2020, and for the twelve months ended December 31, 2021 and 2020 (dollars in thousands):
Twelve Months Ended December 31,
Lease Costs20212020
Operating lease expense$85,521 $86,451 
Short-term lease expense8,307 15,130 
Total lease expense$93,828 $101,581 
Twelve Months Ended December 31,
Other Lease Information20212020
Operating cash outflows from operating leases$85,244 $74,177 
Right-of-use lease assets obtained in exchange for new lease liabilities(1)
52,931 95,005 
As of December 31,
Lease Term and Discount Rate20212020
Weighted average remaining lease term (in years)(1)
6.46.8
Weighted average discount rate3.0 %3.2 %
________________________________ 
(1) The weighted average remaining lease term is significantly impacted by a 15-year lease related to office space in Chicago, IL, that commenced in 2018. Excluding this lease, the weighted average remaining lease term of our agreements is 4.5 years.
Schedule of Maturity of Lease Liabilities The maturity of lease liabilities as of December 31, 2021, were as follows (in thousands):
Maturity of Lease LiabilitiesOperating Leases
2022$74,600 
202369,277 
202448,819 
202536,461 
202626,678 
Thereafter86,859 
Total lease payments342,694 
Less: Interest(35,014)
Present value of lease liabilities
$307,680 
v3.22.0.1
CREDIT LOSSES (Tables)
 12 Months Ended
Dec. 31, 2021
Credit Loss [Abstract]  
Schedule of Allowance for Credit Loss on Accounts Receivable
A rollforward of our allowance for credit losses on our accounts receivable balance is presented below for the twelve months ended December 31, 2021:
Balance, December 31, 2020$38,113 
Provision9,405 
Write-offs(5,976)
Balance, December 31, 2021$41,542 
v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Significant Accounting Policies [Line Items]    
General payment terms upon completion of performance obligation 30 days  
Cash and cash equivalents $ 257,413 $ 243,796
Software    
Significant Accounting Policies [Line Items]    
Estimated useful life (in years) 3 years  
Held outside the United States    
Significant Accounting Policies [Line Items]    
Cash and cash equivalents $ 217,100 $ 230,900
Maximum    
Significant Accounting Policies [Line Items]    
Typical contract term 1 year  
Transportation services    
Significant Accounting Policies [Line Items]    
General payment terms upon completion of performance obligation 30 days  
Value-added logistics services    
Significant Accounting Policies [Line Items]    
General payment terms upon completion of performance obligation 30 days  
Sourcing services | Minimum    
Significant Accounting Policies [Line Items]    
General payment terms upon completion of performance obligation 20 days  
Sourcing services | Maximum    
Significant Accounting Policies [Line Items]    
General payment terms upon completion of performance obligation 30 days  
Logistics and transportation    
Significant Accounting Policies [Line Items]    
General payment terms upon completion of performance obligation 30 days  
Logistics and transportation | Maximum    
Significant Accounting Policies [Line Items]    
Typical contract term 1 year  
Stock awards | Minimum    
Significant Accounting Policies [Line Items]    
Stock award vesting period (in years) 3 years  
Stock awards | Maximum    
Significant Accounting Policies [Line Items]    
Stock award vesting period (in years) 5 years  
Restricted shares and restricted stock units | Minimum    
Significant Accounting Policies [Line Items]    
Shares and restricted units grants, discount for post-vesting holding restrictions (percent) 12.00%  
Restricted shares and restricted stock units | Maximum    
Significant Accounting Policies [Line Items]    
Shares and restricted units grants, discount for post-vesting holding restrictions (percent) 24.00%  
v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Depreciation Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Accounting Policies [Abstract]      
Depreciation expense $ 39,790 $ 42,890 $ 45,016
v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Property and Equipment (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Property, Plant and Equipment [Line Items]    
Property and equipment $ 442,112 $ 478,982
Less: accumulated depreciation and amortization (302,281) (300,033)
Net property and equipment 139,831 178,949
Furniture, fixtures, and equipment    
Property, Plant and Equipment [Line Items]    
Property and equipment 292,224 286,277
Buildings (1)    
Property, Plant and Equipment [Line Items]    
Property and equipment 60,059 93,538
Corporate aircraft (1)    
Property, Plant and Equipment [Line Items]    
Property and equipment 0 11,461
Leasehold improvements    
Property, Plant and Equipment [Line Items]    
Property and equipment 70,630 67,037
Land    
Property, Plant and Equipment [Line Items]    
Property and equipment 11,014 19,816
Construction in progress    
Property, Plant and Equipment [Line Items]    
Property and equipment 8,185 $ 853
Building and corporate aircraft | Prepaid expenses and other current assets    
Property, Plant and Equipment [Line Items]    
Held-for-sale assets 35,000  
Fair value of assets held for sale $ 64,000  
v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Amortization Expense of Purchased and Internally Developed Software (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Accounting Policies [Abstract]      
Amortization of purchased and internally developed software $ 25,975 $ 22,612 $ 17,023
v3.22.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Purchased and Internally Developed Software (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Software [Line Items]    
Less accumulated amortization $ (114,183) $ (96,891)
Net software 70,112 59,614
Purchased software    
Software [Line Items]    
Software 30,312 29,029
Internally developed software    
Software [Line Items]    
Software $ 153,983 $ 127,476
v3.22.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]      
Goodwill or intangible asset impairment $ 0 $ 0 $ 0
v3.22.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS - Change in the Carrying Amount of Goodwill (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Goodwill [Roll Forward]    
Beginning balance $ 1,487,187 $ 1,291,760
Acquisitions 10,997 177,264
Foreign currency translation (13,430) 18,163
Ending balance 1,484,754 1,487,187
NAST    
Goodwill [Roll Forward]    
Beginning balance 1,203,972 1,015,570
Acquisitions 243 176,484
Foreign currency translation (7,882) 11,918
Ending balance 1,196,333 1,203,972
Global Forwarding    
Goodwill [Roll Forward]    
Beginning balance 213,982 208,420
Acquisitions 0 780
Foreign currency translation (3,591) 4,782
Ending balance 210,391 213,982
All Other and Corporate    
Goodwill [Roll Forward]    
Beginning balance 69,233 67,770
Acquisitions 10,754 0
Foreign currency translation (1,957) 1,463
Ending balance $ 78,030 $ 69,233
v3.22.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS - Summary of Intangible Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Finite-lived intangibles    
Finite-lived intangibles, cost $ 169,308 $ 173,559
Accumulated Amortization (88,302) (68,249)
Total finite-lived intangible assets 81,006 105,310
Indefinite-lived intangibles    
Total intangibles, Cost 177,908 182,159
Total intangibles, Net 89,606 113,910
Trademarks    
Indefinite-lived intangibles    
Indefinite-lived intangibles 8,600 8,600
Customer relationships    
Finite-lived intangibles    
Finite-lived intangibles, cost 169,308 171,684
Accumulated Amortization (88,302) (67,312)
Total finite-lived intangible assets 81,006 104,372
Trademarks    
Finite-lived intangibles    
Finite-lived intangibles, cost 0 1,875
Accumulated Amortization 0 (937)
Total finite-lived intangible assets $ 0 $ 938
v3.22.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Expense of Other Intangible Assets (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]      
Amortization expense $ 25,494 $ 36,225 $ 38,410
v3.22.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS - Estimated Amortization Expense of Intangible Assets (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Estimated amortization expense    
2022 $ 24,187  
2023 21,518  
2024 12,825  
2025 11,403  
2026 9,025  
Thereafter 2,048  
Total finite-lived intangible assets 81,006 $ 105,310
NAST    
Estimated amortization expense    
2022 8,096  
2023 8,096  
2024 7,986  
2025 7,857  
2026 7,857  
Thereafter 1,310  
Global Forwarding    
Estimated amortization expense    
2022 14,954  
2023 12,285  
2024 3,702  
2025 2,409  
2026 391  
Thereafter 0  
All Other and Corporate    
Estimated amortization expense    
2022 1,137  
2023 1,137  
2024 1,137  
2025 1,137  
2026 777  
Thereafter $ 738  
v3.22.0.1
FAIR VALUE MEASUREMENT (Details) - Level 3 - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Level 3 Fair Value    
Assets at fair value $ 0 $ 0
Liabilities at fair value $ 0 $ 0
v3.22.0.1
FINANCING ARRANGEMENTS - Components of Short-term and Long-term Debt (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]    
Carrying value $ 1,918,649 $ 1,093,301
Less: Current maturities and short-term borrowing (525,000) 0
Long-term debt $ 1,393,649 $ 1,093,301
Line of credit | Revolving credit facility    
Debt Instrument [Line Items]    
Average interest rate (percent) 1.23% 0.00%
Carrying value $ 525,000 $ 0
Senior Notes | Series A Notes    
Debt Instrument [Line Items]    
Average interest rate (percent) 3.97% 3.97%
Carrying value $ 175,000 $ 175,000
Senior Notes | Series B Notes    
Debt Instrument [Line Items]    
Average interest rate (percent) 4.26% 4.26%
Carrying value $ 150,000 $ 150,000
Senior Notes | Series C Notes    
Debt Instrument [Line Items]    
Average interest rate (percent) 4.60% 4.60%
Carrying value $ 175,000 $ 175,000
Secured Debt | Receivables securitization facility    
Debt Instrument [Line Items]    
Average interest rate (percent) 0.73% 0.00%
Carrying value $ 299,481 $ 0
Unsecured Debt | Senior Notes    
Debt Instrument [Line Items]    
Average interest rate (percent) 4.20% 4.20%
Carrying value $ 594,168 $ 593,301
v3.22.0.1
FINANCING ARRANGEMENTS - Narrative (Details)
 12 Months Ended
Dec. 31, 2021
USD ($)
Feb. 01, 2022
USD ($)
Dec. 31, 2020
USD ($)
Apr. 26, 2017
USD ($)
Aug. 27, 2013
USD ($)
Debt Instrument [Line Items]          
Carrying value $ 1,918,649,000   $ 1,093,301,000    
Senior Notes          
Debt Instrument [Line Items]          
Debt fair value 543,500,000        
Revolving credit facility | Line of credit          
Debt Instrument [Line Items]          
Maximum commitment $ 1,000,000,000        
Maximum leverage ratio 3.50        
Carrying value $ 525,000,000   0    
Revolving credit facility | Line of credit | Minimum          
Debt Instrument [Line Items]          
Commitment fee (percent) 0.075%        
Revolving credit facility | Line of credit | Maximum          
Debt Instrument [Line Items]          
Commitment fee (percent) 0.20%        
Revolving credit facility | Line of credit | Federal Funds Rate          
Debt Instrument [Line Items]          
Basis spread on variable rate (percent) 0.50%        
Revolving credit facility | Line of credit | LIBOR          
Debt Instrument [Line Items]          
Basis spread on variable rate (percent) 1.13%        
Note Purchase Agreement | Senior Notes          
Debt Instrument [Line Items]          
Maximum leverage ratio 3.00        
Debt instrument principal amount         $ 500,000,000
Minimum interest coverage ratio 2.00        
Maximum priority debt to total assets ratio (percent) 15.00%        
Debt instrument, redemption price (percent) 100.00%        
Receivables securitization facility | Secured Debt          
Debt Instrument [Line Items]          
Carrying value $ 299,481,000   0    
Receivables securitization facility | Secured Debt | Wells Fargo Bank N.A. and Bank of America N.A.          
Debt Instrument [Line Items]          
Current funding 300,000,000        
Receivables securitization facility | Secured Debt | Wells Fargo Bank N.A. and Bank of America N.A. | Subsequent event          
Debt Instrument [Line Items]          
Current funding   $ 500,000,000      
Receivables securitization facility | Secured Debt | The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch and Wells Fargo Bank, N.A.          
Debt Instrument [Line Items]          
Maximum commitment       $ 250,000,000  
Senior Notes | Unsecured Debt          
Debt Instrument [Line Items]          
Debt fair value $ 677,100,000        
Debt instrument, redemption price (percent) 101.00%        
Debt instrument annual interest rate (percent) 4.20%        
Debt Instrument effective yield (percent) 4.39%        
Carrying value $ 594,168,000   $ 593,301,000    
Threshold for holders of principal outstanding to declare principal and unpaid interest payable (percent) 25.00%        
US Bank | Line of credit          
Debt Instrument [Line Items]          
Maximum commitment $ 15,000,000        
US Bank | Standby letters of credit          
Debt Instrument [Line Items]          
Current funding $ 7,900,000        
v3.22.0.1
INCOME TAXES - Narrative (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Taxes [Line Items]      
Estimated effect on income taxes payable if permanently reinvested foreign earnings were repatriated $ 2.0    
Payroll tax deferral, CARES Act 14.7    
Payroll tax credit, CARES Act 0.7    
Unrecognized tax benefits and related interest and penalties, all of which would affect our effective tax rate if recognized $ 42.9    
Unrecognized tax benefits estimated impact on effective tax rate if recognized in current year (percent) 4.20%    
Expected decrease in unrecognized tax benefits in next twelve months due to lapsing statutes $ 5.9    
Interest and penalties recognized 0.9 $ 1.0 $ 1.0
Interest and penalties accrued 5.6 6.1  
Foreign net operating loss carryforwards tax effect 8.6 11.0  
Foreign operating loss carryforwards      
Income Taxes [Line Items]      
Valuation allowance against deferred tax asset $ 2.5 $ 7.6  
v3.22.0.1
INCOME TAXES - Income Before Provision for Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Tax Disclosure [Abstract]      
Domestic $ 566,847 $ 499,384 $ 649,742
Foreign 455,444 128,947 92,515
Income before provision for income taxes $ 1,022,291 $ 628,331 $ 742,257
v3.22.0.1
INCOME TAXES - Reconciliation of Unrecognized Tax Benefits, excluding Interest and Penalties (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits      
Unrecognized tax benefits, beginning of period $ 36,216 $ 33,938 $ 31,515
Additions based on tax positions related to the current year 3,530 3,172 2,212
Additions for tax positions of prior years 1,919 1,568 2,148
Reductions for tax positions of prior years (2,431) (124) 0
Lapse in statute of limitations (1,932) (2,276) (1,703)
Settlements 0 (62) (234)
Unrecognized tax benefits, end of the period $ 37,302 $ 36,216 $ 33,938
v3.22.0.1
INCOME TAXES - Components of the Provision for Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Tax provision:      
Federal $ 165,218 $ 99,901 $ 106,009
State 36,718 19,825 25,788
Foreign 85,654 40,103 35,899
Current tax provision 287,590 159,829 167,696
Deferred provision (benefit):      
Federal (90,960) (28,238) 1,554
State (16,176) (5,749) 316
Foreign (2,408) (3,932) (4,277)
Deferred tax provision (benefit) (109,544) (37,919) (2,407)
Total provision $ 178,046 $ 121,910 $ 165,289
v3.22.0.1
INCOME TAXES - Reconciliation of the Provision for Income Taxes using Statutory Federal Income Tax Rate to the Effective Income Tax Rate (Details)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Tax Disclosure [Abstract]      
Federal statutory rate 21.00% 21.00% 21.00%
State income taxes, net of federal benefit 1.70% 2.50% 2.80%
Share-based payment awards (0.60%) (2.80%) (0.90%)
Excess foreign tax credits (0.40%) (2.20%) (1.50%)
Other U.S. tax credits and incentives (3.30%) (1.40%) (0.90%)
Foreign (1.20%) 1.30% 1.70%
Other 0.20% 1.00% 0.10%
Effective income tax rate 17.40% 19.40% 22.30%
v3.22.0.1
INCOME TAXES - Deferred Tax Assets (Liabilities) (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Deferred tax assets:    
Lease liabilities $ 60,846 $ 82,982
Compensation 71,770 60,160
Accrued expenses 92,936 39,987
Foreign affiliate prepayment 88,399 0
Other 22,925 26,848
Deferred tax liabilities:    
Right-of-use assets (56,044) (77,513)
Intangible assets (79,198) (81,210)
Accrued revenue (47,255) (18,978)
Prepaid assets (14,021) (5,732)
Long-lived assets (10,387) (12,722)
Foreign withholding tax (11,917) (10,222)
Other (9,267) (7,142)
Net deferred tax assets (liabilities) $ 108,787  
Net deferred tax assets (liabilities)   $ (3,542)
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Narrative (Details)
$ / shares in Units, $ in Millions
 12 Months Ended
May 09, 2019
shares
Dec. 31, 2021
USD ($)
vote
$ / shares
shares
Dec. 31, 2020
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Preferred stock, authorized (in shares)   20,000,000 20,000,000
Preferred stock, par value (in dollars per share) | $ / shares   $ 0.10 $ 0.10
Preferred stock, outstanding (in shares)   0 0
Common stock, authorized (in shares)   480,000,000 480,000,000
Common stock, par value (in dollars per share) | $ / shares   $ 0.10 $ 0.10
Entitled vote for each share of common stock (vote) | vote   1  
Increase in number of shares authorized for award (in shares) 4,000,000    
Maximum number of shares that can be granted under stock plan (in shares) 17,041,803    
Shares available for stock awards (in shares)   1,780,727  
Unrecognized compensation expense related to stock options | $   $ 26.6  
Stock options      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Antidilutive securities excluded from computation of earnings per share (in shares)   3,924  
Restricted shares and restricted stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Unrecognized compensation expense related to stock awards | $   $ 88.3  
Restricted shares and restricted stock units | Minimum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Restricted shares and restricted stock unit grants, discount for post-vesting holding restrictions (percent)   12.00%  
Restricted shares and restricted stock units | Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Restricted shares and restricted stock unit grants, discount for post-vesting holding restrictions (percent)   24.00%  
Performance-based restricted shares      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock award vesting period (in years)     5 years
Performance-based restricted stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock award vesting period (in years)   3 years  
Upside opportunity contingent on obtaining certain targets (percent)   200.00%  
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Total Compensation Expense Recognized in Statements of Operations for Stock-Based Compensation (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense $ 129,977 $ 43,995 $ 39,083
Stock options      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense 16,128 20,162 16,073
Stock awards      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense 110,701 20,985 20,170
Company expense on ESPP discount      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock-based compensation expense $ 3,148 $ 2,848 $ 2,840
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Stock Option Activity (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Options    
Outstanding, beginning balance (in shares) 7,260,840  
Exercised (in shares) (748,198)  
Forfeitures (in shares) (18,778)  
Outstanding, ending balance (in shares) 6,493,864 7,260,840
Vested (in shares) 4,789,677  
Exercisable (in shares) 4,789,677  
Weighted Average Exercise Price    
Outstanding, beginning balance (in dollars per share) $ 76.37  
Exercised (in dollars per share) 71.95  
Terminated (in dollars per share) 76.03  
Outstanding, ending balance (in dollars per share) 76.88 $ 76.37
Vested (in dollars per share) 76.08  
Exercisable (in dollars per share) $ 76.08  
Aggregate Intrinsic Value (in thousands)    
Outstanding, aggregate intrinsic value $ 199,682 $ 127,065
Average Remaining Life (years)    
Outstanding, average remaining life (in years) 5 years 9 months 18 days 6 years 7 months 6 days
Vested, average remaining life (in years) 5 years 2 months 12 days  
Exercisable, average remaining life (in years) 5 years 2 months 12 days  
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Intrinsic Value of Options Exercised (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]      
Intrinsic value of options exercised $ 20,427 $ 38,551 $ 15,862
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Stock Options Grants by First Vesting Date (Details)
 12 Months Ended
Dec. 31, 2021
$ / shares
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Options granted, net of forfeitures (in shares) 4,234,446
Weighted average grant date fair value (in dollars per share) | $ / shares $ 15.70
Unvested options (in shares) 1,704,187
First Vesting Date Dec 31 2018  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Options granted, net of forfeitures (in shares) 1,441,636
Weighted average grant date fair value (in dollars per share) | $ / shares $ 14.25
Unvested options (in shares) 276,353
First Vesting Date Dec 31 2019  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Options granted, net of forfeitures (in shares) 1,154,019
Weighted average grant date fair value (in dollars per share) | $ / shares $ 20.12
Unvested options (in shares) 451,674
First Vesting Date Dec 31 2020  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Options granted, net of forfeitures (in shares) 1,638,791
Weighted average grant date fair value (in dollars per share) | $ / shares $ 13.87
Unvested options (in shares) 976,160
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Assumptions Used in Estimating the Fair Value Per Option (Details) - Stock options - $ / shares
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Fair Value Assumptions and Methodology    
Weighted-average risk-free interest rate (percent) 1.60% 2.10%
Expected dividend yield (percent) 2.50% 2.00%
Weighted-average volatility (percent) 23.00% 25.00%
Expected term (in years) 8 years 10 months 28 days 6 years 29 days
Weighted average fair value per option (in dollars per share) $ 13.88 $ 17.52
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Unvested Performance-Based Restricted Shares and Restricted Stock Units (Details) - Performance-based restricted shares and restricted stock units
 12 Months Ended
Dec. 31, 2021
$ / shares
shares
Number of Restricted Shares and Restricted Stock Units  
Unvested, beginning balance (in shares) | shares 1,102,211
Granted (in shares) | shares 292,993
Performance-based grant adjustment (in shares) | shares 29,147
Vested (in shares) | shares (980,188)
Forfeitures (in shares) | shares (36,521)
Unvested, ending balance (in shares) | shares 407,642
Weighted Average Grant Date Fair Value  
Unvested, beginning balance (in dollars per share) | $ / shares $ 67.29
Granted (in dollars per share) | $ / shares 74.92
Performance-based grant adjustment (in dollars per share) | $ / shares 67.13
Vested (in dollars per share) | $ / shares 67.37
Forfeitures (in dollars per share) | $ / shares 71.10
Unvested, ending balance (in dollars per share) | $ / shares $ 72.21
Upside opportunity contingent on obtaining certain targets (percent) 200.00%
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Performance-Based Shares and Units by First Vesting Date (Details) - $ / shares
 12 Months Ended
Feb. 09, 2022
Dec. 31, 2021
Dec. 31, 2020
Performance-based restricted shares and restricted stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Performance shares and stock units granted, net of forfeitures (in shares)   1,041,318  
Weighted average grant date fair value (in dollars per share)   $ 68.53  
Unvested performance shares and restricted stock units (in shares)   407,642 1,102,211
Granted (in shares)   292,993  
Weighted average grant date fair value (in dollars per share)   $ 74.92  
Performance-based restricted shares and restricted stock units | First Vesting Date Dec 31 2019      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Performance shares and stock units granted, net of forfeitures (in shares)   354,005  
Weighted average grant date fair value (in dollars per share)   $ 73.79  
Unvested performance shares and restricted stock units (in shares)   70,756  
Performance-based restricted shares and restricted stock units | First Vesting Date Dec 31 2020      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Performance shares and stock units granted, net of forfeitures (in shares)   401,548  
Weighted average grant date fair value (in dollars per share)   $ 59.34  
Unvested performance shares and restricted stock units (in shares)   80,268  
Performance-based restricted shares and restricted stock units | First Vesting Date Dec 31 2020      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Performance shares and stock units granted, net of forfeitures (in shares)   285,765  
Weighted average grant date fair value (in dollars per share)   $ 74.91  
Unvested performance shares and restricted stock units (in shares)   256,618  
Performance-based restricted stock units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Stock award vesting period (in years)   3 years  
Performance-based restricted stock units | First Vesting Date Dec 31 2021 | Subsequent event      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Granted (in shares) 330,072    
Weighted average grant date fair value (in dollars per share) $ 76.74    
Stock award vesting period (in years) 3 years    
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Unvested Time-Based Restricted Shares and Restricted Stock Units (Details) - $ / shares
 12 Months Ended
Feb. 09, 2022
Dec. 31, 2021
Dec. 31, 2020
Time-based restricted shares and restricted stock units      
Number of Restricted Shares and Stock Units      
Unvested, beginning balance (in shares)   598,039  
Granted (in shares)   666,311  
Vested (in shares)   (439,695)  
Forfeitures (in shares)   (61,174)  
Unvested, ending balance (in shares)   763,481 598,039
Weighted Average Grant Date Fair Value      
Unvested, beginning balance (in dollars per share)   $ 60.24  
Granted (in dollars per share)   72.09  
Vested (in dollars per share)   69.29  
Forfeitures (in dollars per share)   68.12  
Unvested, ending balance (in dollars per share)   $ 69.42 $ 60.24
Time-based restricted stock units      
Weighted Average Grant Date Fair Value      
Stock award vesting period (in years)   3 years 5 years
Time-based restricted stock units | Subsequent event      
Number of Restricted Shares and Stock Units      
Granted (in shares) 634,118    
Weighted Average Grant Date Fair Value      
Granted (in dollars per share) $ 74.67    
Stock award vesting period (in years) 3 years    
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Fair Value of Full Value Stock Awards Vested (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Full Value Awards      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Fair value of awards vested $ 110,701 $ 20,985 $ 20,170
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Employee Stock Purchase Plan Activity (Details) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expense Recognized by the Company $ 129,977,000 $ 43,995,000 $ 39,083,000
Company expense on ESPP discount      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expense Recognized by the Company $ 3,148,000 $ 2,848,000 $ 2,840,000
1997 Employee Stock Purchase Plan      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares Purchased by Employees (in shares) 220,970 236,062 224,596
Aggregate Costs to Employees $ 17,838,000 $ 16,146,000 $ 16,093,000
Maximum employee contribution to purchase company stock $ 10,000    
Discount rate used to determine purchase price (percent) 15.00%    
1997 Employee Stock Purchase Plan | Company expense on ESPP discount      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Expense Recognized by the Company $ 3,148,000 $ 2,848,000 $ 2,840,000
v3.22.0.1
CAPITAL STOCK AND STOCK AWARD PLANS - Share Repurchase Programs Activity (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 09, 2021
May 31, 2018
Share Repurchases [Line Items]          
Total Value of Shares Repurchased $ 580,817 $ 182,745 $ 306,444    
Share Repurchase Programs          
Share Repurchases [Line Items]          
Shares Repurchased (in shares) 6,154,364 2,542,915 3,434,102    
Total Value of Shares Repurchased $ 580,818 $ 182,745 $ 306,444    
Number of shares authorized to be repurchased (in shares)         15,000,000
Number of additional shares authorized (in shares)       20,000,000  
Shares remaining for under repurchase authorization (in shares) 21,635,388        
v3.22.0.1
COMMITMENTS AND CONTINGENCIES - Defined Contribution Plan Expense, including Matching Contributions (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]      
Defined contribution plan expense $ 48,714 $ 18,827 $ 42,491
v3.22.0.1
COMMITMENTS AND CONTINGENCIES - Narrative (Details)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]    
Defined contribution match 6.00% 6.00%
v3.22.0.1
ACQUISITIONS - Narrative (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jun. 03, 2021
Mar. 02, 2020
May 22, 2019
Feb. 28, 2019
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Business Acquisition [Line Items]              
Total purchase consideration net of cash acquired         $ 14,750 $ 223,230 $ 59,200
Goodwill recorded in acquisition         $ 10,997 $ 177,264  
Combinex              
Business Acquisition [Line Items]              
Total purchase consideration net of cash acquired $ 14,700            
Goodwill recorded in acquisition $ 10,800            
Prime Distribution              
Business Acquisition [Line Items]              
Cash consideration for acquisition   $ 222,700          
Goodwill recorded in acquisition   $ 176,700          
Dema Service              
Business Acquisition [Line Items]              
Total purchase consideration net of cash acquired     $ 14,200        
Goodwill recorded in acquisition     7,800        
Goodwill recognized for foreign tax purposes     $ 0        
Space Cargo              
Business Acquisition [Line Items]              
Total purchase consideration net of cash acquired       $ 45,500      
Goodwill recorded in acquisition       26,700      
Goodwill recognized for foreign tax purposes       $ 0      
v3.22.0.1
ACQUISITIONS - Allocation of Purchase Consideration (Details) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Mar. 02, 2020
Dec. 31, 2019
Business Acquisition [Line Items]        
Goodwill $ 1,484,754 $ 1,487,187   $ 1,291,760
Prime Distribution        
Business Acquisition [Line Items]        
Current assets     $ 8,879  
Property and equipment     7,356  
Right-of-use lease assets     35,017  
Other intangible assets     55,000  
Goodwill     176,727  
Total assets     282,979  
Current liabilities     12,243  
Lease liabilities     35,017  
Deferred tax liabilities     13,001  
Net assets acquired     $ 222,718  
v3.22.0.1
ACQUISITIONS - Identifiable Intangible Assets and Estimated Useful Lives (Details) - USD ($)
$ in Thousands
Jun. 03, 2021
Mar. 02, 2020
May 22, 2019
Feb. 28, 2019
Prime Distribution        
Business Acquisition [Line Items]        
Identifiable intangible assets   $ 55,000    
Customer relationships | Combinex        
Business Acquisition [Line Items]        
Estimated Life (years) 7 years      
Identifiable intangible assets $ 3,942      
Customer relationships | Prime Distribution        
Business Acquisition [Line Items]        
Estimated Life (years)   7 years    
Identifiable intangible assets   $ 55,000    
Customer relationships | Dema Service        
Business Acquisition [Line Items]        
Estimated Life (years)     7 years  
Identifiable intangible assets     $ 4,252  
Customer relationships | Space Cargo        
Business Acquisition [Line Items]        
Estimated Life (years)       7 years
Identifiable intangible assets       $ 16,439
v3.22.0.1
SEGMENT REPORTING - Narrative (Details)
 12 Months Ended
Dec. 31, 2021
segment
Segment Reporting [Abstract]  
Number of reportable segments (segment) 2
v3.22.0.1
SEGMENT REPORTING - Summary of Segment Information (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
USD ($)
employee
Dec. 31, 2020
USD ($)
employee
Dec. 31, 2019
USD ($)
employee
Segment Reporting Information [Line Items]      
Total revenues $ 23,102,138 $ 16,207,106 $ 15,309,508
Income (loss) from operations 1,082,108 673,268 789,976
Depreciation and amortization 91,259 101,727 100,449
Total assets $ 7,028,112 $ 5,144,258 $ 4,641,060
Average headcount (employee) | employee 15,761 15,119 15,551
NAST      
Segment Reporting Information [Line Items]      
Total revenues $ 14,507,917 $ 11,312,553 $ 11,283,692
Income (loss) from operations 585,351 508,475 722,763
Depreciation and amortization 26,243 25,314 24,508
Total assets $ 3,349,578 $ 2,946,409 $ 2,550,010
Average headcount (employee) | employee 6,764 6,811 7,354
Global Forwarding      
Segment Reporting Information [Line Items]      
Total revenues $ 6,729,790 $ 3,100,525 $ 2,327,913
Income (loss) from operations 510,756 175,513 80,527
Depreciation and amortization 22,823 34,550 36,720
Total assets $ 2,843,239 $ 1,392,411 $ 1,021,592
Average headcount (employee) | employee 5,071 4,708 4,766
All Other and Corporate      
Segment Reporting Information [Line Items]      
Total revenues $ 1,864,431 $ 1,794,028 $ 1,697,903
Income (loss) from operations (13,999) (10,720) (13,314)
Depreciation and amortization 42,193 41,863 39,221
Total assets $ 835,295 $ 805,438 $ 1,069,458
Average headcount (employee) | employee 3,926 3,600 3,431
v3.22.0.1
SEGMENT REPORTING - Total Revenues Based on Location of the Customer and Long-Lived Assets by Geographic Regions (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Total revenues      
Revenues $ 23,102,138 $ 16,207,106 $ 15,309,508
Long-lived assets      
Total long-lived assets 739,205 715,371 695,696
United States      
Total revenues      
Revenues 19,494,969 13,896,382 13,143,522
Long-lived assets      
Total long-lived assets 587,339 551,511 489,129
Other locations      
Total revenues      
Revenues 3,607,169 2,310,724 2,165,986
Long-lived assets      
Total long-lived assets $ 151,866 $ 163,860 $ 206,567
v3.22.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Total Revenues Disaggregated by Major Service Line and Timing of Recognition (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Disaggregation of Revenue [Line Items]      
Total revenues $ 23,102,138 $ 16,207,106 $ 15,309,508
NAST      
Disaggregation of Revenue [Line Items]      
Total revenues 14,507,917 11,312,553 11,283,692
Global Forwarding      
Disaggregation of Revenue [Line Items]      
Total revenues 6,729,790 3,100,525 2,327,913
All Other and Corporate      
Disaggregation of Revenue [Line Items]      
Total revenues 1,864,431 1,794,028 1,697,903
Operating Segments | NAST      
Disaggregation of Revenue [Line Items]      
Total revenues 14,507,917 11,312,553 11,283,692
Operating Segments | Global Forwarding      
Disaggregation of Revenue [Line Items]      
Total revenues 6,729,790 3,100,525 2,327,913
Operating Segments | All Other and Corporate      
Disaggregation of Revenue [Line Items]      
Total revenues 1,864,431 1,794,028 1,697,903
Transportation      
Disaggregation of Revenue [Line Items]      
Total revenues 22,046,574 15,147,562 14,322,295
Transportation | Performance obligations completed over time      
Disaggregation of Revenue [Line Items]      
Total revenues 22,046,574 15,147,562 14,322,295
Transportation | Operating Segments | NAST | Performance obligations completed over time      
Disaggregation of Revenue [Line Items]      
Total revenues 14,507,917 11,312,553 11,283,692
Transportation | Operating Segments | Global Forwarding | Performance obligations completed over time      
Disaggregation of Revenue [Line Items]      
Total revenues 6,729,790 3,100,525 2,327,913
Transportation | Operating Segments | All Other and Corporate | Performance obligations completed over time      
Disaggregation of Revenue [Line Items]      
Total revenues 808,867 734,484 710,690
Sourcing      
Disaggregation of Revenue [Line Items]      
Total revenues 1,055,564 1,059,544 987,213
Sourcing | Performance obligations completed at a point in time      
Disaggregation of Revenue [Line Items]      
Total revenues 1,055,564 1,059,544 987,213
Sourcing | Operating Segments | NAST | Performance obligations completed at a point in time      
Disaggregation of Revenue [Line Items]      
Total revenues 0 0 0
Sourcing | Operating Segments | Global Forwarding | Performance obligations completed at a point in time      
Disaggregation of Revenue [Line Items]      
Total revenues 0 0 0
Sourcing | Operating Segments | All Other and Corporate | Performance obligations completed at a point in time      
Disaggregation of Revenue [Line Items]      
Total revenues $ 1,055,564 $ 1,059,544 $ 987,213
v3.22.0.1
REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Product Concentration Risk | Revenue | Transportation services      
Disaggregation of Revenue [Line Items]      
Percentage of revenues attributable to services 93.00% 91.00% 92.00%
Product Concentration Risk | Revenue | Sourcing      
Disaggregation of Revenue [Line Items]      
Percentage of revenues attributable to services 5.00% 7.00% 6.00%
Product Concentration Risk | Revenue | Value-added logistics services      
Disaggregation of Revenue [Line Items]      
Percentage of revenues attributable to services 2.00% 2.00% 2.00%
Maximum      
Disaggregation of Revenue [Line Items]      
Typical contract term 1 year    
v3.22.0.1
LEASES - Lease Data (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2018
Lease Costs      
Operating lease expense $ 85,521 $ 86,451  
Short-term lease expense 8,307 15,130  
Total lease expense 93,828 101,581  
Other Lease Information      
Operating cash flows from operating leases 85,244 74,177  
Right-of-use lease assets obtained in exchange for new lease liabilities $ 52,931 $ 95,005  
Lease Term and Discount Rate      
Weighted average remaining lease term (in years) 6 years 4 months 24 days 6 years 9 months 18 days  
Weighted average discount rate (percent) 3.00% 3.20%  
Lessee, Lease, Description [Line Items]      
Weighted average remaining lease term, excluding Chicago office space (in years) 4 years 6 months    
Chicago office space      
Lessee, Lease, Description [Line Items]      
Lease term (in years)     15 years
v3.22.0.1
LEASES - Maturity of Lease Liabilities (Details)
$ in Thousands
Dec. 31, 2021
USD ($)
Maturity of Lease Liabilities  
2022 $ 74,600
2023 69,277
2024 48,819
2025 36,461
2026 26,678
Thereafter 86,859
Total lease payments 342,694
Less: Interest (35,014)
Present value of lease liabilities $ 307,680
v3.22.0.1
CREDIT LOSSES (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
USD ($)
Rollforward of Allowance for Credit Loss  
Allowance for credit loss, beginning balance $ 38,113
Provision 9,405
Write-offs (5,976)
Allowance for credit loss, ending balance $ 41,542
v3.22.0.1
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Stockholders' Equity Note [Abstract]      
Accumulated other comprehensive loss $ 61,134 $ 45,998  
Other comprehensive (loss) income $ (15,136) $ 30,151 $ (4,214)