Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	May 06, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	C H ROBINSON WORLDWIDE INC
Entity Central Index Key	0001043277
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Trading Symbol	CHRW
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		136,562,530

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 445,473	$ 378,615
Receivables, net of allowance for doubtful accounts of $41,004 and $41,131	2,057,931	2,162,438
Contract assets	165,556	159,635
Prepaid expenses and other	59,394	52,386
Total current assets	2,728,354	2,753,074
Property and equipment, net	225,669	228,301
Goodwill	1,283,981	1,258,922
Other intangible assets, net	116,367	108,822
Right-of-use lease assets	257,034
Deferred tax assets	13,495	9,993
Other assets	72,544	68,300
Total assets	4,697,444	4,427,412
Current liabilities:
Accounts payable	995,971	971,023
Outstanding checks	63,536	92,084
Accrued expenses:
Compensation	66,383	153,626
Transportation expense	127,151	119,820
Income taxes	68,049	28,360
Other accrued liabilities	54,905	63,410
Current lease liabilities	53,669
Current portion of debt	0	5,000
Total current liabilities	1,429,664	1,433,323
Long-term debt	1,341,605	1,341,352
Noncurrent lease liabilities	211,069
Noncurrent income taxes payable	21,763	21,463
Deferred tax liabilities	40,412	35,757
Other long-term liabilities	370	430
Total liabilities	3,044,883	2,832,325
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; 179,398 and 179,400 shares issued, 136,889 and 137,284 outstanding	13,689	13,728
Additional paid-in capital	527,089	521,486
Retained earnings	3,937,698	3,845,593
Accumulated other comprehensive loss	(66,638)	(71,935)
Treasury stock at cost (42,509 and 42,116 shares)	(2,759,277)	(2,713,785)
Total stockholders’ investment	1,652,561	1,595,087
Total liabilities and stockholders’ investment	$ 4,697,444	$ 4,427,412

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Receivables, allowance for doubtful accounts	$ 41,004	$ 41,131
Preferred stock, par value (in dollars per share)	$ 0.10	$ 0.10
Preferred stock, shares authorized (shares)	20,000,000	20,000,000
Preferred stock, shares issued (shares)	0	0
Preferred stock, shares outstanding (shares)	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized (shares)	480,000,000	480,000,000
Common stock, shares issued (shares)	179,398,000	179,400,000
Common stock shares outstanding (shares)	136,889,000	137,284,000
Treasury stock (shares)	42,509,000	42,116,000

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Total revenues	$ 3,751,210	$ 3,925,327
Costs and expenses:
Personnel expenses	340,098	328,297
Other selling, general, and administrative expenses	114,152	106,043
Total costs and expenses	3,526,660	3,733,742
Income from operations	224,550	191,585
Interest and other expense	(17,140)	(10,700)
Income before provision for income taxes	207,410	180,885
Provision for income taxes	45,622	38,588
Net income	161,788	142,297
Other comprehensive income (loss)	5,297	(565)
Comprehensive income	$ 167,085	$ 141,732
Basic net income per share (in dollars per share)	$ 1.17	$ 1.02
Diluted net income per share (in dollars per share)	$ 1.16	$ 1.01
Basic weighted average shares outstanding (shares)	137,854	140,032
Dilutive effect of outstanding stock awards (shares)	1,101	1,238
Diluted weighted average shares outstanding (shares)	138,955	141,270
Transportation
Revenues:
Total revenues	$ 3,504,932	$ 3,637,640
Costs and expenses:
Purchased products and services	2,853,256	3,041,602
Sourcing
Revenues:
Total revenues	246,278	287,687
Costs and expenses:
Purchased products and services	$ 219,154	$ 257,800

Consolidated Statements of Stockholders' Investment - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jan. 01, 2018
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ 1,595,087	$ 1,425,745
Net income	161,788	142,297
Cumulative effect change - revenue recognition			$ 9,239
Foreign currency translation	5,297	(565)
Dividends declared	(69,683)	(65,384)
Stock issued for employee benefit plans	7,573	6,406
Issuance of restricted stock	0	0
Stock-based compensation expense	17,123	18,134
Repurchase of common stock	(64,624)	(51,200)
Ending Balance	$ 1,652,561	$ 1,484,672
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance (in shares)	137,284	139,542
Beginning Balance	$ 13,728	$ 13,954
Stock issued for employee benefit plans (in shares)	342	370
Stock issued for employee benefit plans	$ 34	$ 37
Issuance of restricted stock (in shares)	(3)	(2)
Issuance of restricted stock	$ 0	$ 0
Stock-based compensation expense (in shares)	0	0
Stock-based compensation expense	$ 0	$ 0
Repurchase of common stock (in shares)	(734)	(557)
Repurchase of common stock	$ (73)	$ (56)
Ending Balance (in shares)	136,889	139,353
Ending Balance	$ 13,689	$ 13,935
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	521,486	444,280
Stock issued for employee benefit plans	(11,520)	(10,441)
Issuance of restricted stock	0	0
Stock-based compensation expense	17,123	18,127
Ending Balance	527,089	451,966
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	3,845,593	3,437,093
Net income	161,788	142,297
Cumulative effect change - revenue recognition			$ 9,239
Dividends declared	(69,683)	(65,384)
Ending Balance	3,937,698	3,523,245
Accumulated Other Comprehensive Income (Loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(71,935)	(18,460)
Foreign currency translation	5,297	(565)
Ending Balance	(66,638)	(19,025)
Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	(2,713,785)	(2,451,122)
Stock issued for employee benefit plans	19,059	16,810
Stock-based compensation expense	0	7
Repurchase of common stock	(64,551)	(51,144)
Ending Balance	$ (2,759,277)	$ (2,485,449)

Consolidated Statements of Stockholders' Investment (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Stockholders' Equity [Abstract]
Dividends declared, per share (in dollars per share)	$ 0.50	$ 0.46

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
OPERATING ACTIVITIES
Net income	$ 161,788	$ 142,297
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	24,560	24,241
Provision for doubtful accounts	1,774	6,630
Stock-based compensation	17,123	18,134
Deferred income taxes	(364)	(26)
Excess tax benefit on stock-based compensation	(4,458)	(6,224)
Other operating activities	576	323
Changes in operating elements (net of acquisitions):
Receivables	117,720	(10,056)
Contract assets	(5,921)	(13,264)
Prepaid expenses and other	(6,367)	6,327
Accounts payable and outstanding checks	(10,742)	21,797
Accrued compensation	(87,259)	(37,867)
Accrued transportation expense	7,331	17,109
Accrued income taxes	39,078	35,184
Other accrued liabilities	1,801	(5,128)
Other assets and liabilities	291	1,093
Net cash provided by operating activities	256,931	200,570
INVESTING ACTIVITIES
Purchases of property and equipment	(8,619)	(11,719)
Purchases and development of software	(5,246)	(3,744)
Acquisitions, net of cash acquired	(44,143)	0
Other investing activities	8	(726)
Net cash used for investing activities	(58,000)	(16,189)
FINANCING ACTIVITIES
Proceeds from stock issued for employee benefit plans	19,615	24,497
Stock tendered for payment of withholding taxes	(12,042)	(18,091)
Repurchase of common stock	(67,624)	(47,700)
Cash dividends	(69,742)	(65,382)
Proceeds from short-term borrowings	14,000	2,119,000
Payments on short-term borrowings	(19,000)	(2,183,000)
Net cash used for financing activities	(134,793)	(170,676)
Effect of exchange rates on cash	2,720	2,187
Net change in cash and cash equivalents	66,858	15,892
Cash and cash equivalents, beginning of period	378,615	333,890
Cash and cash equivalents, end of period	$ 445,473	$ 349,782

BASIS OF PRESENTATION	3 Months Ended
BASIS OF PRESENTATION	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [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 operating through a network of offices located 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. On January 1, 2019, we reorganized our enterprise transportation services structure to combine our North American Surface Transportation (“NAST”) and Robinson Fresh transportation networks. The newly combined transportation network will be managed by and reported under the NAST reportable segment. Our reportable segments are NAST and Global Forwarding with all other segments included in All Other and Corporate. We have determined that the remaining Robinson Fresh segment no longer meets the requirements of a reportable segment. Robinson Fresh will be included in the All Other and Corporate reportable segment with Managed Services, Other Surface Transportation outside of North America, and other miscellaneous revenues and unallocated corporate expenses. Prior period information has been reclassified to conform with this presentation. For financial information concerning our reportable segments, refer to Note 9, Segment Reporting. The condensed consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the financial statements for the interim periods presented. Interim results are not necessarily indicative of results for a full year. Consistent with SEC rules and regulations, we have condensed or omitted certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States. You should read the condensed consolidated financial statements and related notes in conjunction with the consolidated financial statements and notes in our Annual Report on Form 10-K for the year ended December 31, 2018. RECENTLY ADOPTED ACCOUNTING STANDARDS In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, Leases (Topic 842). This update requires a lessee to recognize on the balance sheet a liability to make lease payments and a corresponding right-of-use lease asset. The guidance also requires certain qualitative and quantitative disclosures about the amount, timing, and uncertainty of cash flows arising from leases. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements, which provides another transition method no longer requiring application to previously reported periods. Therefore, prior period balances will not be restated. We have adopted Topic 842 during the first quarter of 2019 by recognizing right-of-use lease assets and lease liabilities of approximately $265.4 million and $273.3 million, respectively, on January 1, 2019. The adoption of this standard did not have a significant impact on our consolidated results of operations or consolidated statements of cash flows. Refer to Note 11, Leases, for further information. In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects From Accumulated Other Comprehensive Income, which amends existing guidance for reporting comprehensive income to reflect changes resulting from the Tax Cuts and Jobs Act of 2017 (“Tax Act”). The amendment provides the option to reclassify stranded tax effects resulting from the Tax Act within accumulated other comprehensive income (AOCI) to retained earnings. New disclosures will be required upon adoption, including the accounting policy for releasing income tax effects from AOCI, whether reclassification of stranded income tax effects is elected, and information about other income tax effect reclassifications. This amendment became effective for us on January 1, 2019. The adoption of this standard did not have a material impact on our consolidated financial statements and disclosures. RECENTLY ISSUED ACCOUNTING STANDARDS In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and in November 2018 issued a subsequent amendment, ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses. This update significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The update will replace today’s “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. ASU 2018-19 will affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope of this amendment that have the contractual right to receive cash. This update is effective for fiscal years and interim periods beginning after December 15, 2019, and is effective for our fiscal year beginning January 1, 2020. We are evaluating the impact of the new standard but do not believe its adoption will have a material impact on our consolidated financial position, results of operations, or cash flows. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2018, includes a summary of the significant accounting policies and methods used in the preparation of our consolidated financial statements. We have expanded these policies below to effect the adoption of Accounting Standards Codification (“ASC”) 842 in the first quarter of 2019. 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.

GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

The change in carrying amount of goodwill is as follows (in thousands):



	NAST		Global Forwarding		All Other and Corporate		Total
December 31, 2018 balance⁽¹⁾	$	1,016,784	$	182,029	$	60,109	$	1,258,922
Acquisitions	—		24,636		—		24,636
Translation	116		303		4		423
March 31, 2019 balance	$	1,016,900	$	206,968	$	60,113	$	1,283,981

____________________________________________

⁽¹⁾ Amounts have been reclassified to conform with the current year presentation as a result of the segment reorganization discussed in Note 9, Segment Reporting.

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 a result of the segment reorganization discussed in Note 9, Segment Reporting, we determined the fair value of each of our reporting units to further support our qualitative assessment and determined the more likely than not criteria had not been met, and therefore a Step One Analysis was not required as of March 31, 2019.

Identifiable intangible assets consisted of the following (in thousands):



	March 31, 2019							December 31, 2018
	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Finite-lived intangibles
Customer relationships	$	271,294	$	(165,447	)	$	105,847	$	254,293	$	(156,006	)	$	98,287
Non-competition agreements	300		(255		)	45		300		(240		)	60
Total finite-lived intangibles	271,594		(165,702		)	105,892		254,593		(156,246		)	98,347
Indefinite-lived intangibles
Trademarks	10,475		—			10,475		10,475		—			10,475
Total intangibles	$	282,069	$	(165,702	)	$	116,367	$	265,068	$	(156,246	)	$	108,822

Amortization expense for other intangible assets is as follows (in thousands):



	Three Months Ended March 31,
	2019		2018
Amortization expense	$	9,293	$	9,399

Definite-lived intangible assets, by reportable segment, as of March 31, 2019, will be amortized over their remaining lives as follows (in thousands):



	NAST		Global Forwarding		All Other and Corporate		Total
Remainder of 2019	$	5,853	$	23,115	$	—	$	28,968
2020	245		28,134		—		28,379
2021	245		14,612		—		14,857
2022	245		14,612		—		14,857
2023	245		12,015		—		12,260
Thereafter	223		6,348		—		6,571
Total							$	105,892

FAIR VALUE MEASUREMENT

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

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 March 31, 2019, and December 31, 2018. There were no transfers between levels during the period.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

FINANCING ARRANGEMENTS

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

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 of					Carrying value as of
	March 31, 2019		December 31, 2018		Maturity	March 31, 2019		December 31, 2018
Revolving credit facility	—	%	3.64	%	October 2023	$	—	$	5,000
Senior Notes, Series A	3.97	%	3.97	%	August 2023	175,000		175,000
Senior Notes, Series B	4.26	%	4.26	%	August 2028	150,000		150,000
Senior Notes, Series C	4.60	%	4.60	%	August 2033	175,000		175,000
Receivables securitization facility ⁽¹⁾	3.14	%	3.15	%	December 2020	249,788		249,744
Senior Notes ⁽¹⁾	4.20	%	4.20	%	April 2028	591,817		591,608
Total debt						1,341,605		1,346,352
Less: Current maturities and short-term borrowing						—		(5,000		)
Long-term debt						$	1,341,605	$	1,341,352

____________________________________________

⁽¹⁾Net of unamortized discounts and issuance costs.

SENIOR UNSECURED REVOLVING CREDIT FACILITY

We have a senior unsecured revolving credit facility (the "Credit Agreement"). On October 24, 2018, the Credit Agreement was amended to increase the total availability from $900 million to $1 billion and extend the maturity date from December 31, 2019 to 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 March 31, 2019, 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.

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 $485.3 million at March 31, 2019. 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.

U.S. TRADE ACCOUNTS RECEIVABLE SECURITIZATION

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 (the “Receivables Securitization Facility”). On December 17, 2018, we entered into an amended Receivables Securitization Facility with Wells Fargo Bank, N.A. and Bank of America, N.A. to extend the maturity date from April 26, 2019 to December 17, 2020. The Receivables Securitization Facility is based on the securitization of our U.S. trade accounts receivable and provides funding of up to $250 million. The interest rate on borrowings under the Receivables Securitization Facility is based on 30 day LIBOR 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 December 17, 2020 unless extended by the parties. 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, therefore, we consider these borrowings to be a Level 2 financial liability.

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.

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. The proceeds from the Senior Notes were utilized to pay down the balance on our Credit Agreement. 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 $606.2 million as of March 31, 2019, based primarily on the market prices quoted from external sources. The carrying value of the Senior Notes was $591.8 million as of March 31, 2019. 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 and consolidate, merge or transfer substantial 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.

As of March 31, 2019, we were in compliance with all of the covenants under the Credit Agreement, Note Purchase Agreement, Receivables Securitization Facility, and Senior Notes.

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2019
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 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 2011. We are currently under an Internal Revenue Service audit for the 2015 tax year. Our effective tax rate for the three months ended March 31, 2019 and 2018 was 22.0 percent and 21.3 percent, respectively. The effective income tax rate for the three months ended March 31, 2019 was higher than the statutory federal income tax rate due to state income taxes, net of federal benefit, and foreign income taxes, but was partially offset by the tax impact of share-based payment awards. The tax impact of share-based payment awards resulted in a decrease in our provision for income taxes for the three months ended March 31, 2019 and 2018 of $4.5 million and $6.2 million, respectively. Additionally, the three months ended March 31, 2018 included net income tax expense of $0.8 million related to adjustments to the one-time transition tax required as part of the Tax Act. We have asserted that we will indefinitely reinvest earnings of foreign subsidiaries to support expansion of our international business. If we repatriated all foreign earnings, the estimated effect on income taxes payable would be an increase of approximately $15.2 million as of March 31, 2019. Global Intangible Low-tax Income (“GILTI”) and Foreign Derived Intangible Income (“FDII”) were enacted as part of the Tax Act on December 22, 2017. Although enacted more than a year ago, regulatory guidance on the application of GILTI and FDII has not been finalized. We have included the tax impact of both GILTI and FDII in our income tax expense for the three months ended March 31, 2019 based on our understanding of the rules available at the time of this filing. However, our calculations could be impacted by future regulations as guidance is finalized. We will continue to monitor any new guidance related to GILTI and FDII and determine any impact it may have on our calculations. As of March 31, 2019, we have $39.3 million of unrecognized tax benefits and related interest and penalties. It is possible the amount of unrecognized tax benefit could change in the next 12 months as a result of a lapse of the statute of limitations and settlements with taxing authorities. The total liability for unrecognized tax benefits is expected to decrease by approximately $3.0 million in the next 12 months due to lapsing of statutes.

STOCK AWARD PLANS

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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 of our total compensation expense recognized in our condensed consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):



	Three Months Ended March 31,
	2019		2018
Stock options	$	4,249	$	5,002
Stock awards	11,744		12,212
Company expense on ESPP discount	1,130		920
Total stock-based compensation expense	$	17,123	$	18,134

On May 12, 2016, our shareholders approved an amendment to and restatement of our 2013 Equity Incentive Plan, which 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. A maximum of 13,041,803 shares can be granted under this plan. Approximately 1,421,642 shares were available for stock awards under the plan as of March 31, 2019. 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 time-based and performance-based stock options to certain key employees. These options are subject to certain vesting requirements over a five-year period based on the company’s earnings growth or on the employees continued employment. Any options remaining unvested at the end of the five-year vesting period are forfeited to the company. Although participants can exercise options via a stock swap exercise, we do not issue reloads (restoration options) on the grants.

The fair value of these options is established based on the market price on the date of grant, discounted for post-vesting holding restrictions, calculated using the Black-Scholes option pricing model. Changes in measured stock price volatility and interest rates are the primary reasons for changes in the discount. These grants are being expensed based on the terms of the awards. As of March 31, 2019, unrecognized compensation expense related to stock options was $51.7 million. The amount of future expense to be recognized will be based on the passage of time, the company’s earnings growth, and certain other conditions.

Full Value Awards - We have awarded performance-based shares and restricted stock units to certain key employees and non-employee directors. These awards are subject to certain vesting requirements over a five-year period, based on our earnings growth. The awards also 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 15 percent to 21 percent and are calculated using the Black-Scholes option pricing model-protective put method. Changes in measured stock price volatility and interest rates are the primary reasons for changes in the discount. These grants are being expensed based on the terms of the awards.

We have also awarded time-based restricted shares and restricted stock units 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 and is being expensed over the vesting period of the award.

We have also issued to certain key employees and non-employee directors restricted stock units which are fully vested upon issuance. These units contain restrictions on the awardees’ ability to sell or transfer vested units for a specified period of time. The fair value of these units is established using the same method discussed above. These grants have been expensed during the year they were earned.

As of March 31, 2019, there was unrecognized compensation expense of $107.4 million related to previously granted full value awards. The amount of future expense to be recognized will be based on the passage of time, the company’s earnings growth, and certain other conditions.

Employee Stock Purchase Plan - Our 1997 Employee Stock Purchase Plan ("ESPP") 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 each quarter discounted by 15 percent. Shares vest immediately. The following is a summary of the employee stock purchase plan activity:



Three Months Ended March 31, 2019
Shares purchased by employees	Aggregate cost to employees		Expense recognized by the company
86,588	$	6,403,183	$	1,129,973

LITIGATION	3 Months Ended
LITIGATION	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	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. 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 condensed 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 often unable 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.

ACQUISITIONS

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

ACQUISITIONS

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 $44.1 million, which was paid in cash.

Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):



	Estimated Life (years)
Customer relationships	7	$	16,439

There was $24.6 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 preliminary. No goodwill was recognized for Spanish tax purposes from the acquisition. The results of operations of Space Cargo have been included in our consolidated financial statements since March 1, 2019.

SEGMENT REPORTING

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

SEGMENT REPORTING

On January 1, 2019, we reorganized our enterprise transportation services structure to combine our NAST and Robinson Fresh transportation networks. The newly combined transportation network will be managed by and reported under the NAST reportable segment. We have determined that the remaining Robinson Fresh segment no longer meets the requirements of a reportable segment and will be included in the All Other and Corporate reportable segment. Prior period information has been reclassified to conform with this presentation. Our reportable 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. 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 include truckload, temperature controlled transportation, LTL, and intermodal.


•	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, airfreight 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 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 Europe Surface Transportation. Europe Surface Transportation provides services similar to NAST across Europe.

The internal reporting of segments is defined, based in part, on the reporting and review process used by our chief operating decision maker (“CODM”). As of March 31, 2019 our Chief Executive Officer (“CEO”) and Chief Operating Officer (“COO”) function jointly as the CODM on an interim basis until our COO transitions to CEO in the second quarter of 2019. 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 reportable segment to our CODM and do not believe they are a meaningful metric for evaluating the performance of our reportable segments.

Reportable segment information as of, and for the three months ended March 31, 2019 and 2018, is as follows (dollars in thousands):



	NAST		Global Forwarding		All Other and Corporate			Consolidated
Three Months Ended March 31, 2019
Total revenues	$	2,796,784	$	537,567	$	416,859		$	3,751,210
Net revenues	486,550		127,236		65,014			678,800
Income (loss) from operations	211,283		14,203		(936		)	224,550
Depreciation and amortization	6,259		8,926		9,375			24,560
Total assets⁽¹⁾	2,693,668		1,001,881		1,001,895			4,697,444
Average headcount	7,424		4,707		3,250			15,381

	NAST		Global Forwarding		All Other and Corporate			Consolidated
Three Months Ended March 31, 2018⁽²⁾
Total revenues	$	2,908,419	$	553,754	$	463,154		$	3,925,327
Net revenues	438,402		123,037		64,486			625,925
Income from operations	179,637		8,221		3,727			191,585
Depreciation and amortization	6,331		8,909		9,001			24,241
Total assets⁽¹⁾	2,593,648		805,184		908,944			4,307,776
Average headcount	7,298		4,767		3,023			15,088

____________________________________________

⁽¹⁾ All cash and cash equivalents are included in All Other and Corporate.

⁽²⁾Amounts have been reclassified to conform with the current year presentation.

REVENUE FROM CONTRACTS WITH CUSTOMERS

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

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 three months ended March 31, 2019 and 2018 as follows:



	Three Months Ended March 31, 2019
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services	$	2,796,784	$	537,567	$	170,581	$	3,504,932
Sourcing	—		—		246,278		246,278
Total	$	2,796,784	$	537,567	$	416,859	$	3,751,210

Timing of Revenue Recognition
Performance obligations completed over time	$	2,796,784	$	537,567	$	170,581	$	3,504,932
Performance obligations completed at a point in time	—		—		246,278		246,278
Total	$	2,796,784	$	537,567	$	416,859	$	3,751,210



	Three Months Ended March 31, 2018
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services	$	2,908,419	$	553,754	$	175,467	$	3,637,640
Sourcing	—		—		287,687		287,687
Total	$	2,908,419	$	553,754	$	463,154	$	3,925,327

Timing of Revenue Recognition
Performance obligations completed over time	$	2,908,419	$	553,754	$	175,467	$	3,637,640
Performance obligations completed at a point in time	—		—		287,687		287,687
Total	$	2,908,419	$	553,754	$	463,154	$	3,925,327

We typically do not receive consideration and amounts are not due from our customer prior to the completion of our performance obligation and as such contract liabilities as of March 31, 2019 and revenue recognized in the three months ended March 31, 2019 and 2018 resulting from contract liabilities was not significant. Contract assets and accrued expenses - transportation expense fluctuate from period to period primarily based upon shipments in-transit at period end.

LEASES

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

LEASES

We adopted ASU 2016-02, Leases (Topic 842), as of January 1, 2019. Prior period information was not restated and continues to be presented under ASC 840, Leases. We elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed us to not reassess existing contracts to determine if they contain a lease and to carry forward their historical lease classification upon transition. In addition, we have made a policy election to not apply the guidance of ASC 842 to leases with a term of 12 months or less as allowed by the standard. These leases are recognized as expense on a straight-line basis over the lease term.

Adoption of the new standard resulted in the recording of right-of-use lease assets and lease liabilities of $265.4 million and $273.3 million, respectively, as of January 1, 2019. The adoption of this standard did not materially impact our consolidated statement of operations or consolidated statements of cash flows.

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 lease 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 at commencement date at the present value of lease payments, including non-lease components which consist primarily of common area maintenance charges. Right-of-use lease assets are also recognized at commencement date as the total lease liability plus prepaid rents and less any deferred rent liability that existed under ASC 840, Leases, upon transition. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments.

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.

We do not have material lease agreements that have not yet commenced that are expected to create significant rights or obligations as of March 31, 2019.

Information regarding lease expense, remaining lease term, discount rate and other select lease information is presented below as of and for the three months ended March 31, 2019 (dollars in thousands):



Lease Costs	Three Months Ended March 31, 2019
Operating lease expense	$	16,822
Short-term lease expense	2,341
Total lease expense	19,163

Other Lease Information	Three Months Ended March 31, 2019
Operating cash flows from operating leases	$	16,629
Right-of-use lease assets obtained in exchange for new lease liabilities	7,732

Lease Term and Discount Rate	As of March 31, 2019
Weighted average remaining lease term (in years)⁽¹⁾	7.9
Weighted average discount rate	3.6		%

____________________________________________

⁽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 4.1 years.

The maturity of lease liabilities as of March 31, 2019 were as follows (in thousands):



Maturity of Lease Liabilities	Operating Leases
Remaining 2019	$	47,221
2020	57,086
2021	44,737
2022	32,178
2023	22,851
Thereafter	103,621
Total lease payments	307,694
Less: Interest	(42,956		)
Present value of lease liabilities	$	264,738

Minimum future lease commitments under noncancelable lease agreements in excess of one year as of December 31, 2018, are as follows (in thousands):



2019	$	53,675
2020	47,680
2021	36,832
2022	27,644
2023	19,406
Thereafter	81,465
Total lease payments	$	266,702

In addition to minimum lease payments, we are typically responsible under our lease agreements to pay our pro rata share of maintenance expenses, common charges, and real estate taxes of the buildings in which we lease space. Under ASC 842 we have elected to account for non-lease components such as common area maintenance and parking as a single lease component.

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS	Mar. 31, 2019
Stockholders' Equity Note [Abstract]
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS	CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss is included in Stockholders' investment on our condensed consolidated balance sheets. The recorded balance, at March 31, 2019, and December 31, 2018, was $66.6 million and $71.9 million, respectively. Accumulated other comprehensive loss is comprised solely of foreign currency adjustments at March 31, 2019 and December 31, 2018.

BASIS OF PRESENTATION (Policies)

3 Months Ended

Mar. 31, 2019

Organization, Consolidation and Presentation of Financial Statements [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 operating through a network of offices located 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.

On January 1, 2019, we reorganized our enterprise transportation services structure to combine our North American Surface Transportation (“NAST”) and Robinson Fresh transportation networks. The newly combined transportation network will be managed by and reported under the NAST reportable segment. Our reportable segments are NAST and Global Forwarding with all other segments included in All Other and Corporate. We have determined that the remaining Robinson Fresh segment no longer meets the requirements of a reportable segment. Robinson Fresh will be included in the All Other and Corporate reportable segment with Managed Services, Other Surface Transportation outside of North America, and other miscellaneous revenues and unallocated corporate expenses. Prior period information has been reclassified to conform with this presentation. For financial information concerning our reportable segments, refer to Note 9, Segment Reporting.

The condensed consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the financial statements for the interim periods presented. Interim results are not necessarily indicative of results for a full year.

Consistent with SEC rules and regulations, we have condensed or omitted certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States. You should read the condensed consolidated financial statements and related notes in conjunction with the consolidated financial statements and notes in our Annual Report on Form 10-K for the year ended December 31, 2018.

Recently Adopted and Issued Accounting Standards

RECENTLY ADOPTED ACCOUNTING STANDARDS

In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-02, Leases (Topic 842). This update requires a lessee to recognize on the balance sheet a liability to make lease payments and a corresponding right-of-use lease asset. The guidance also requires certain qualitative and quantitative disclosures about the amount, timing, and uncertainty of cash flows arising from leases. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements, which provides another transition method no longer requiring application to previously reported periods. Therefore, prior period balances will not be restated. We have adopted Topic 842 during the first quarter of 2019 by recognizing right-of-use lease assets and lease liabilities of approximately $265.4 million and $273.3 million, respectively, on January 1, 2019. The adoption of this standard did not have a significant impact on our consolidated results of operations or consolidated statements of cash flows. Refer to Note 11, Leases, for further information.

In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects From Accumulated Other Comprehensive Income, which amends existing guidance for reporting comprehensive income to reflect changes resulting from the Tax Cuts and Jobs Act of 2017 (“Tax Act”). The amendment provides the option to reclassify stranded tax effects resulting from the Tax Act within accumulated other comprehensive income (AOCI) to retained earnings. New disclosures will be required upon adoption, including the accounting policy for releasing income tax effects from AOCI, whether reclassification of stranded income tax effects is elected, and information about other income tax effect reclassifications. This amendment became effective for us on January 1, 2019. The adoption of this standard did not have a material impact on our consolidated financial statements and disclosures.

RECENTLY ISSUED ACCOUNTING STANDARDS

In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, and in November 2018 issued a subsequent amendment, ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses. This update significantly changes how entities will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The update will replace today’s “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. ASU 2018-19 will affect loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope of this amendment that have the contractual right to receive cash. This update is effective for fiscal years and interim periods beginning after December 15, 2019, and is effective for our fiscal year beginning January 1, 2020. We are evaluating the impact of the new standard but do not believe its adoption will have a material impact on our consolidated financial position, results of operations, or cash flows.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Note 1 of the Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2018, includes a summary of the significant accounting policies and methods used in the preparation of our consolidated financial statements. We have expanded these policies below to effect the adoption of Accounting Standards Codification (“ASC”) 842 in the first quarter of 2019.

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.

Goodwill

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”).

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.

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in carrying amount of goodwill is as follows (in thousands):



	NAST		Global Forwarding		All Other and Corporate		Total
December 31, 2018 balance⁽¹⁾	$	1,016,784	$	182,029	$	60,109	$	1,258,922
Acquisitions	—		24,636		—		24,636
Translation	116		303		4		423
March 31, 2019 balance	$	1,016,900	$	206,968	$	60,113	$	1,283,981

____________________________________________

⁽¹⁾ Amounts have been reclassified to conform with the current year presentation as a result of the segment reorganization discussed in Note 9, Segment Reporting.

Schedule of Intangible Assets

Identifiable intangible assets consisted of the following (in thousands):



	March 31, 2019							December 31, 2018
	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Finite-lived intangibles
Customer relationships	$	271,294	$	(165,447	)	$	105,847	$	254,293	$	(156,006	)	$	98,287
Non-competition agreements	300		(255		)	45		300		(240		)	60
Total finite-lived intangibles	271,594		(165,702		)	105,892		254,593		(156,246		)	98,347
Indefinite-lived intangibles
Trademarks	10,475		—			10,475		10,475		—			10,475
Total intangibles	$	282,069	$	(165,702	)	$	116,367	$	265,068	$	(156,246	)	$	108,822

Schedule of Amortization Expense

Amortization expense for other intangible assets is as follows (in thousands):



	Three Months Ended March 31,
	2019		2018
Amortization expense	$	9,293	$	9,399

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Definite-lived intangible assets, by reportable segment, as of March 31, 2019, will be amortized over their remaining lives as follows (in thousands):



	NAST		Global Forwarding		All Other and Corporate		Total
Remainder of 2019	$	5,853	$	23,115	$	—	$	28,968
2020	245		28,134		—		28,379
2021	245		14,612		—		14,857
2022	245		14,612		—		14,857
2023	245		12,015		—		12,260
Thereafter	223		6,348		—		6,571
Total							$	105,892

FINANCING ARRANGEMENTS (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

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 of					Carrying value as of
	March 31, 2019		December 31, 2018		Maturity	March 31, 2019		December 31, 2018
Revolving credit facility	—	%	3.64	%	October 2023	$	—	$	5,000
Senior Notes, Series A	3.97	%	3.97	%	August 2023	175,000		175,000
Senior Notes, Series B	4.26	%	4.26	%	August 2028	150,000		150,000
Senior Notes, Series C	4.60	%	4.60	%	August 2033	175,000		175,000
Receivables securitization facility ⁽¹⁾	3.14	%	3.15	%	December 2020	249,788		249,744
Senior Notes ⁽¹⁾	4.20	%	4.20	%	April 2028	591,817		591,608
Total debt						1,341,605		1,346,352
Less: Current maturities and short-term borrowing						—		(5,000		)
Long-term debt						$	1,341,605	$	1,341,352

____________________________________________

⁽¹⁾Net of unamortized discounts and issuance costs.

STOCK AWARD PLANS (Tables)

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

A summary of our total compensation expense recognized in our condensed consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):



	Three Months Ended March 31,
	2019		2018
Stock options	$	4,249	$	5,002
Stock awards	11,744		12,212
Company expense on ESPP discount	1,130		920
Total stock-based compensation expense	$	17,123	$	18,134

Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity

The following is a summary of the employee stock purchase plan activity:



Three Months Ended March 31, 2019
Shares purchased by employees	Aggregate cost to employees		Expense recognized by the company
86,588	$	6,403,183	$	1,129,973

ACQUISITIONS (Tables)

3 Months Ended

Mar. 31, 2019

Business Combinations [Abstract]

Schedule of Finite-Lived Intangible Assets by Major Class

Identifiable intangible assets and estimated useful lives are as follows (dollars in thousands):



	Estimated Life (years)
Customer relationships	7	$	16,439

SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Summary of Segment Information

Reportable segment information as of, and for the three months ended March 31, 2019 and 2018, is as follows (dollars in thousands):



	NAST		Global Forwarding		All Other and Corporate			Consolidated
Three Months Ended March 31, 2019
Total revenues	$	2,796,784	$	537,567	$	416,859		$	3,751,210
Net revenues	486,550		127,236		65,014			678,800
Income (loss) from operations	211,283		14,203		(936		)	224,550
Depreciation and amortization	6,259		8,926		9,375			24,560
Total assets⁽¹⁾	2,693,668		1,001,881		1,001,895			4,697,444
Average headcount	7,424		4,707		3,250			15,381

	NAST		Global Forwarding		All Other and Corporate			Consolidated
Three Months Ended March 31, 2018⁽²⁾
Total revenues	$	2,908,419	$	553,754	$	463,154		$	3,925,327
Net revenues	438,402		123,037		64,486			625,925
Income from operations	179,637		8,221		3,727			191,585
Depreciation and amortization	6,331		8,909		9,001			24,241
Total assets⁽¹⁾	2,593,648		805,184		908,944			4,307,776
Average headcount	7,298		4,767		3,023			15,088

____________________________________________

⁽¹⁾ All cash and cash equivalents are included in All Other and Corporate.

⁽²⁾Amounts have been reclassified to conform with the current year presentation.

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Summary 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 three months ended March 31, 2019 and 2018 as follows:



	Three Months Ended March 31, 2019
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services	$	2,796,784	$	537,567	$	170,581	$	3,504,932
Sourcing	—		—		246,278		246,278
Total	$	2,796,784	$	537,567	$	416,859	$	3,751,210

Timing of Revenue Recognition
Performance obligations completed over time	$	2,796,784	$	537,567	$	170,581	$	3,504,932
Performance obligations completed at a point in time	—		—		246,278		246,278
Total	$	2,796,784	$	537,567	$	416,859	$	3,751,210



	Three Months Ended March 31, 2018
	NAST		Global Forwarding		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services	$	2,908,419	$	553,754	$	175,467	$	3,637,640
Sourcing	—		—		287,687		287,687
Total	$	2,908,419	$	553,754	$	463,154	$	3,925,327

Timing of Revenue Recognition
Performance obligations completed over time	$	2,908,419	$	553,754	$	175,467	$	3,637,640
Performance obligations completed at a point in time	—		—		287,687		287,687
Total	$	2,908,419	$	553,754	$	463,154	$	3,925,327

LEASES (Tables)

3 Months Ended

Mar. 31, 2019

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 and for the three months ended March 31, 2019 (dollars in thousands):



Lease Costs	Three Months Ended March 31, 2019
Operating lease expense	$	16,822
Short-term lease expense	2,341
Total lease expense	19,163

Other Lease Information	Three Months Ended March 31, 2019
Operating cash flows from operating leases	$	16,629
Right-of-use lease assets obtained in exchange for new lease liabilities	7,732

Lease Term and Discount Rate	As of March 31, 2019
Weighted average remaining lease term (in years)⁽¹⁾	7.9
Weighted average discount rate	3.6		%

____________________________________________

⁽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 4.1 years.

Schedule of Maturity of Lease Liabilities

The maturity of lease liabilities as of March 31, 2019 were as follows (in thousands):



Maturity of Lease Liabilities	Operating Leases
Remaining 2019	$	47,221
2020	57,086
2021	44,737
2022	32,178
2023	22,851
Thereafter	103,621
Total lease payments	307,694
Less: Interest	(42,956		)
Present value of lease liabilities	$	264,738

Schedule of Minimum Future Lase Commitments Under Noncancelable Lease Agreements

Minimum future lease commitments under noncancelable lease agreements in excess of one year as of December 31, 2018, are as follows (in thousands):



2019	$	53,675
2020	47,680
2021	36,832
2022	27,644
2023	19,406
Thereafter	81,465
Total lease payments	$	266,702

BASIS OF PRESENTATION (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use lease assets	$ 257,034
Lease liabilities	$ 264,738
ASU No. 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-use lease assets		$ 265,400
Lease liabilities		$ 273,300

GOODWILL AND OTHER INTANGIBLE ASSETS - Change in the Carrying Amount of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($)
Goodwill [Roll Forward]
Balance, beginning of period	$ 1,258,922
Acquisitions	24,636
Translation	423
Balance, end of period	1,283,981
NAST
Goodwill [Roll Forward]
Balance, beginning of period	1,016,784
Acquisitions	0
Translation	116
Balance, end of period	1,016,900
Global Forwarding
Goodwill [Roll Forward]
Balance, beginning of period	182,029
Acquisitions	24,636
Translation	303
Balance, end of period	206,968
All Other and Corporate
Goodwill [Roll Forward]
Balance, beginning of period	60,109
Acquisitions	0
Translation	4
Balance, end of period	$ 60,113

GOODWILL AND OTHER INTANGIBLE ASSETS - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Finite-lived intangibles
Finite-lived intangibles, Cost	$ 271,594	$ 254,593
Accumulated Amortization	(165,702)	(156,246)
Finite-lived intangibles, Net	105,892	98,347
Indefinite-lived intangibles
Indefinite-lived intangibles	10,475	10,475
Total intangibles, Cost	282,069	265,068
Total intangibles, Net	116,367	108,822
Customer relationships
Finite-lived intangibles
Finite-lived intangibles, Cost	271,294	254,293
Accumulated Amortization	(165,447)	(156,006)
Finite-lived intangibles, Net	105,847	98,287
Non-competition agreements
Finite-lived intangibles
Finite-lived intangibles, Cost	300	300
Accumulated Amortization	(255)	(240)
Finite-lived intangibles, Net	45	60
Trademarks
Indefinite-lived intangibles
Indefinite-lived intangibles	$ 10,475	$ 10,475

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Expense and Future Amortization (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 9,293	$ 9,399
Estimated amortization expense
Remainder of 2019	28,968
2020	28,379
2021	14,857
2022	14,857
2023	12,260
Thereafter	6,571
Finite-lived intangibles, Net	105,892		$ 98,347
NAST
Estimated amortization expense
Remainder of 2019	5,853
2020	245
2021	245
2022	245
2023	245
Thereafter	223
Global Forwarding
Estimated amortization expense
Remainder of 2019	23,115
2020	28,134
2021	14,612
2022	14,612
2023	12,015
Thereafter	6,348
All Other and Corporate
Estimated amortization expense
Remainder of 2019	0
2020	0
2021	0
2022	0
2023	0
Thereafter	$ 0

FAIR VALUE MEASUREMENT (Details) - Level 3 - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Level 3 Fair Value
Assets at fair value	$ 0	$ 0
Liabilities at fair value	$ 0	$ 0

FINANCING ARRANGEMENTS - Components of Short-term and Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total debt	$ 1,341,605	$ 1,346,352
Less: Current maturities and short-term borrowing	0	(5,000)
Long-term debt	$ 1,341,605	$ 1,341,352
Line of Credit \| Revolving credit facility \| Revolving credit facility
Debt Instrument [Line Items]
Average interest rate as of	0.00%	3.64%
Total debt	$ 0	$ 5,000
Senior Notes \| Series A Notes
Debt Instrument [Line Items]
Average interest rate as of	3.97%	3.97%
Total debt	$ 175,000	$ 175,000
Senior Notes \| Series B Notes
Debt Instrument [Line Items]
Average interest rate as of	4.26%	4.26%
Total debt	$ 150,000	$ 150,000
Senior Notes \| Series C Notes
Debt Instrument [Line Items]
Average interest rate as of	4.60%	4.60%
Total debt	$ 175,000	$ 175,000
Secured Debt \| Receivables securitization facility
Debt Instrument [Line Items]
Average interest rate as of	3.14%	3.15%
Total debt	$ 249,788	$ 249,744
Unsecured Debt \| Senior Notes
Debt Instrument [Line Items]
Average interest rate as of	4.20%	4.20%
Total debt	$ 591,817	$ 591,608

FINANCING ARRANGEMENTS - Additional Information (Details)		3 Months Ended
	Apr. 09, 2018	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 17, 2018 USD ($)	Sep. 30, 2018 USD ($)	Aug. 27, 2013 USD ($)
Debt Instrument [Line Items]
Long-term debt, fair value		$ 485,300,000
Long-term debt		1,341,605,000	$ 1,346,352,000
Line of Credit \| Senior Unsecured Revolving Credit Facility 2019 Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity					$ 900,000,000
Line of Credit \| Amended Credit Agreement Due 2023
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 1,000,000,000
Line of Credit \| Amended Credit Agreement Due 2023 \| Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate (percent)		0.50%
Line of Credit \| Amended Credit Agreement Due 2023 \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (percent)		1.13%
Line of Credit \| Amended Credit Agreement Due 2023 \| Minimum
Debt Instrument [Line Items]
Commitment fee (percent)		0.075%
Line of Credit \| Amended Credit Agreement Due 2023 \| Maximum
Debt Instrument [Line Items]
Commitment fee (percent)		0.20%
Unsecured Debt \| Amended Credit Agreement Due 2023
Debt Instrument [Line Items]
Maximum leverage ratio		3.50
Unsecured Debt \| Senior Notes Due 2028
Debt Instrument [Line Items]
Long-term debt, fair value		$ 606,200,000
Debt instrument, redemption price (percent)	101.00%
Debt instrument, annual interest rate (percent)	4.20%
Debt instrument, effective yield (percent)	4.39%
Long-term debt		$ 591,817,000	591,608,000
Threshold for holders of principal outstanding to declare principal and unpaid interest payable (percent)	25.00%
Senior Notes \| Note Purchase Agreement
Debt Instrument [Line Items]
Maximum leverage ratio		3.00
Debt instrument principal amount						$ 500,000,000
Maximum interest expense ratio		2.00
Maximum priority debt to total assets ratio (percent)		15.00%
Debt instrument, redemption price (percent)		100.00%
Secured Debt \| Receivables securitization facility
Debt Instrument [Line Items]
Long-term debt		$ 249,788,000	$ 249,744,000
Secured Debt \| Receivables securitization facility \| Wells Fargo Bank N.A. and Bank Of America N.A.
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 250,000,000

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
INCOME TAXES (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Effective income tax (percent)	22.00%	21.30%
Tax impact of share-based payment awards resulting in decrease to tax provision	$ 4,458	$ 6,224
Tax expense related to adjustments to the one-time transition tax required as part of Tax Act		$ 800
Estimated effect on income taxes payable from foreign earnings repatriated	15,200
Unrecognized tax benefits and related interest and penalties, all of which would affect our effective tax rate if recognized	39,300
Decrease in unrecognized tax benefits due to lapse of statute of limitations	$ 3,000

STOCK AWARD PLANS - Summary of Total Compensation Expense Recognized in Statements of Operations for Stock-Based Compensation (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 17,123,000	$ 18,134,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	4,249,000	5,002,000
Stock awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	11,744,000	12,212,000
Company expense on ESPP discount
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 1,129,973	$ 920,000

STOCK AWARD PLANS - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	May 12, 2016
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Maximum employee contribution to purchase company stock	$ 10,000
Discount rate used to determine the purchase price	15.00%
Stock Option
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Maximum shares that can be granted under stock plan (shares)		13,041,803
Shares available for stock awards (shares)	1,421,642
Stock award, vesting period	5 years
Unrecognized compensation expense	$ 51,700,000
Restricted Stock Awards
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Stock award, vesting period	5 years
Unrecognized compensation expense	$ 107,400,000
Restricted Stock Awards \| Minimum
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Discount on outstanding grants (percent)	15.00%
Restricted Stock Awards \| Maximum
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Discount on outstanding grants (percent)	21.00%

STOCK AWARD PLANS - Summary of Employee Stock Purchase Plan Activity (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased by employees (shares)	86,588
Aggregate cost to employees	$ 6,403,183
Expense recognized by the company	17,123,000	$ 18,134,000
Company expense on ESPP discount
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expense recognized by the company	$ 1,129,973	$ 920,000

ACQUISITIONS - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended
	Feb. 28, 2019	Mar. 31, 2019	Mar. 31, 2018
Business Acquisition [Line Items]
Total purchase consideration. net of cash acquired		$ 44,143	$ 0
Goodwill recorded in acquisition		$ 24,636
Space Cargo
Business Acquisition [Line Items]
Total purchase consideration. net of cash acquired	$ 44,100
Goodwill recorded in acquisition	$ 24,600

ACQUISITIONS - Identifiable Intangible Assets and Estimated Useful Lives (Details) - Customer relationships - Space Cargo $ in Thousands	Feb. 28, 2019 USD ($)
Business Acquisition [Line Items]
Estimated Life (years)	7 years
Identifiable intangible assets	$ 16,439

SEGMENT REPORTING - Additional Information (Details)	3 Months Ended
SEGMENT REPORTING - Additional Information (Details)	Mar. 31, 2019 segment
Segment Reporting [Abstract]
Number of reportable segments (segment)	2

SEGMENT REPORTING - Reportable Segment Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019 USD ($) employee	Mar. 31, 2018 USD ($) employee	Dec. 31, 2018 USD ($)
Segment Reporting Information [Line Items]
Total revenues	$ 3,751,210	$ 3,925,327
Net revenues	678,800	625,925
Income (loss) from operations	224,550	191,585
Depreciation and amortization	24,560	24,241
Total assets	$ 4,697,444	$ 4,307,776	$ 4,427,412
Average headcount (employee) \| employee	15,381	15,088
Operating Segments \| NAST
Segment Reporting Information [Line Items]
Total revenues	$ 2,796,784	$ 2,908,419
Net revenues	486,550	438,402
Income (loss) from operations	211,283	179,637
Depreciation and amortization	6,259	6,331
Total assets	$ 2,693,668	$ 2,593,648
Average headcount (employee) \| employee	7,424	7,298
Operating Segments \| Global Forwarding
Segment Reporting Information [Line Items]
Total revenues	$ 537,567	$ 553,754
Net revenues	127,236	123,037
Income (loss) from operations	14,203	8,221
Depreciation and amortization	8,926	8,909
Total assets	$ 1,001,881	$ 805,184
Average headcount (employee) \| employee	4,707	4,767
Operating Segments \| All Other and Corporate
Segment Reporting Information [Line Items]
Total revenues	$ 416,859	$ 463,154
Net revenues	65,014	64,486
Income (loss) from operations	(936)	3,727
Depreciation and amortization	9,375	9,001
Total assets	$ 1,001,895	$ 908,944
Average headcount (employee) \| employee	3,250	3,023

REVENUE FROM CONTRACTS WITH CUSTOMERS - Total Revenues Disaggregated by Major Service Line and Timing of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total revenues	$ 3,751,210	$ 3,925,327
Transportation and logistics services
Disaggregation of Revenue [Line Items]
Total revenues	3,504,932	3,637,640
Transportation and logistics services \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	3,504,932	3,637,640
Sourcing
Disaggregation of Revenue [Line Items]
Total revenues	246,278	287,687
Sourcing \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	246,278	287,687
Operating Segments \| NAST
Disaggregation of Revenue [Line Items]
Total revenues	2,796,784	2,908,419
Operating Segments \| Global Forwarding
Disaggregation of Revenue [Line Items]
Total revenues	537,567	553,754
Operating Segments \| All Other and Corporate
Disaggregation of Revenue [Line Items]
Total revenues	416,859	463,154
Operating Segments \| Transportation and logistics services \| NAST
Disaggregation of Revenue [Line Items]
Total revenues	2,796,784	2,908,419
Operating Segments \| Transportation and logistics services \| NAST \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	2,796,784	2,908,419
Operating Segments \| Transportation and logistics services \| Global Forwarding
Disaggregation of Revenue [Line Items]
Total revenues	537,567	553,754
Operating Segments \| Transportation and logistics services \| Global Forwarding \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	537,567	553,754
Operating Segments \| Transportation and logistics services \| All Other and Corporate
Disaggregation of Revenue [Line Items]
Total revenues	170,581	175,467
Operating Segments \| Transportation and logistics services \| All Other and Corporate \| Performance obligations completed over time
Disaggregation of Revenue [Line Items]
Total revenues	170,581	175,467
Operating Segments \| Sourcing \| NAST
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Sourcing \| NAST \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Sourcing \| Global Forwarding
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Sourcing \| Global Forwarding \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Sourcing \| All Other and Corporate
Disaggregation of Revenue [Line Items]
Total revenues	246,278	287,687
Operating Segments \| Sourcing \| All Other and Corporate \| Performance obligations completed at a point in time
Disaggregation of Revenue [Line Items]
Total revenues	$ 246,278	$ 287,687

LEASES - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Right-of-use lease assets	$ 257,034
Lease liabilities	$ 264,738
Weighted average remaining lease term, excluding Chicago office space (in years)	4 years 1 month 6 days
ASU No. 2016-02
Lessee, Lease, Description [Line Items]
Right-of-use lease assets		$ 265,400
Lease liabilities		$ 273,300
Chicago Office Space
Lessee, Lease, Description [Line Items]
Lease term (in years)			15 years

LEASES - Lease Data (Details) $ in Thousands	3 Months Ended
LEASES - Lease Data (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Lease Costs
Operating lease expense	$ 16,822
Short-term lease expense	2,341
Total lease expense	19,163
Other Lease Information
Operating cash flows from operating leases	16,629
Right-of-use lease assets obtained in exchange for new lease liabilities	$ 7,732
Lease Term and Discount Rate
Weighted average remaining lease term (in years)	7 years 10 months 8 days
Weighted average discount rate (percent)	3.60%

LEASES - Maturity of Lease Liabilities (Details) $ in Thousands	Mar. 31, 2019 USD ($)
Maturity of Lease Liabilities
Remaining 2019	$ 47,221
2020	57,086
2021	44,737
2022	32,178
2023	22,851
Thereafter	103,621
Total lease payments	307,694
Less: Interest	(42,956)
Present value of lease liabilities	$ 264,738

LEASES - Minimum Future Lease Commitments Under Topic 840 (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Minimum Future Lease Commitments Payments Under Noncancelable Lease Agreements
2019	$ 53,675
2020	47,680
2021	36,832
2022	27,644
2023	19,406
Thereafter	81,465
Total lease payments	$ 266,702

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Stockholders' Equity Note [Abstract]
Accumulated other comprehensive loss	$ (66,638)	$ (71,935)