XML 23 R18.htm IDEA: XBRL DOCUMENT
v3.19.3

Business Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2019
Segment Reporting [Abstract] |
Business Segment Information | Note 9. Business Segment Information The Company is organized functionally in geographic operating segments. Accordingly, management focuses its attention on revenues, directly related cost of transportation and other expenses for each of the Company’s three primary sources of revenue, salaries and other operating expenses, operating income, identifiable assets, capital expenditures and equity generated in each of these geographical areas when evaluating the effectiveness of geographic management. Transactions among the Company’s various offices are conducted using the same arms-length pricing methodologies the Company uses when its offices transact business with independent agents. Certain costs are allocated among the segments based on the relative value of the underlying services, which can include allocation based on actual costs incurred or estimated cost plus a profit margin. Financial information regarding the Company’s operations by geographic area is as follows:
|  | UNITED STATES |  |  | OTHER NORTH AMERICA |  |  | LATIN AMERICA |  |  | NORTH ASIA |  |  | SOUTH ASIA |  |  | EUROPE |  |  | MIDDLE EAST, AFRICA AND INDIA |  |  | ELIMI- NATIONS |  |  | CONSOLI- DATED |
For the three months ended September 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues1 |  | $ | 692,229 |  |  |  | 88,088 |  |  |  | 38,341 |  |  |  | 624,351 |  |  |  | 196,569 |  |  |  | 320,769 |  |  |  | 115,397 |  |  |  | (889 | ) |  |  | 2,074,855 |
Directly related cost of transportation and other expenses2 |  | $ | 389,254 |  |  |  | 51,420 |  |  |  | 22,990 |  |  |  | 489,195 |  |  |  | 145,345 |  |  |  | 221,149 |  |  |  | 81,592 |  |  |  | (446 | ) |  |  | 1,400,499 |
Salaries and other operating expenses3 |  | $ | 210,767 |  |  |  | 25,731 |  |  |  | 14,547 |  |  |  | 70,410 |  |  |  | 32,482 |  |  |  | 86,156 |  |  |  | 28,151 |  |  |  | (438 | ) |  |  | 467,806 |
Operating income |  | $ | 92,208 |  |  |  | 10,937 |  |  |  | 804 |  |  |  | 64,746 |  |  |  | 18,742 |  |  |  | 13,464 |  |  |  | 5,654 |  |  |  | (5 | ) |  |  | 206,550 |
Identifiable assets at period end |  | $ | 2,059,345 |  |  |  | 128,336 |  |  |  | 72,029 |  |  |  | 489,322 |  |  |  | 164,976 |  |  |  | 563,289 |  |  |  | 226,657 |  |  |  | 2,499 |  |  |  | 3,706,453 |
Capital expenditures |  | $ | 7,644 |  |  |  | 513 |  |  |  | 833 |  |  |  | 523 |  |  |  | 631 |  |  |  | 5,119 |  |  |  | 258 |  |  |  | — |  |  |  | 15,521 |
Equity |  | $ | 1,578,682 |  |  |  | 60,526 |  |  |  | 27,217 |  |  |  | 216,061 |  |  |  | 77,733 |  |  |  | 169,450 |  |  |  | 111,355 |  |  |  | (31,737 | ) |  |  | 2,209,287 |
For the three months ended September 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues1 |  | $ | 629,043 |  |  |  | 92,875 |  |  |  | 43,443 |  |  |  | 748,589 |  |  |  | 205,392 |  |  |  | 327,212 |  |  |  | 118,047 |  |  |  | (73,654 | ) |  |  | 2,090,947 |
Directly related cost of transportation and other expenses2 |  | $ | 345,236 |  |  |  | 58,464 |  |  |  | 27,635 |  |  |  | 601,699 |  |  |  | 158,226 |  |  |  | 227,418 |  |  |  | 83,992 |  |  |  | (73,037 | ) |  |  | 1,429,633 |
Salaries and other operating expenses3 |  | $ | 204,240 |  |  |  | 23,935 |  |  |  | 13,399 |  |  |  | 74,067 |  |  |  | 31,623 |  |  |  | 84,136 |  |  |  | 27,384 |  |  |  | (624 | ) |  |  | 458,160 |
Operating income |  | $ | 79,567 |  |  |  | 10,476 |  |  |  | 2,409 |  |  |  | 72,823 |  |  |  | 15,543 |  |  |  | 15,658 |  |  |  | 6,671 |  |  |  | 7 |  |  |  | 203,154 |
Identifiable assets at period end |  | $ | 1,694,556 |  |  |  | 174,402 |  |  |  | 53,322 |  |  |  | 540,465 |  |  |  | 156,887 |  |  |  | 508,855 |  |  |  | 212,817 |  |  |  | (6,504 | ) |  |  | 3,334,800 |
Capital expenditures |  | $ | 6,889 |  |  |  | 301 |  |  |  | 227 |  |  |  | 1,280 |  |  |  | 910 |  |  |  | 751 |  |  |  | 1,375 |  |  |  | — |  |  |  | 11,733 |
Equity |  | $ | 1,334,952 |  |  |  | 66,399 |  |  |  | 25,663 |  |  |  | 197,939 |  |  |  | 86,048 |  |  |  | 157,973 |  |  |  | 119,718 |  |  |  | (31,360 | ) |  |  | 1,957,332 |
|  | UNITED STATES |  |  | OTHER NORTH AMERICA |  |  | LATIN AMERICA |  |  | NORTH ASIA |  |  | SOUTH ASIA |  |  | EUROPE |  |  | MIDDLE EAST, AFRICA AND INDIA |  |  | ELIMI- NATIONS |  |  | CONSOLI- DATED |
For the nine months ended September 30, 2019: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues1 |  | $ | 2,033,088 |  |  |  | 265,035 |  |  |  | 111,277 |  |  |  | 1,879,155 |  |  |  | 555,128 |  |  |  | 952,790 |  |  |  | 336,383 |  |  |  | (2,371 | ) |  |  | 6,130,485 |
Directly related cost of transportation and other expenses2 |  | $ | 1,142,701 |  |  |  | 157,997 |  |  |  | 64,149 |  |  |  | 1,475,395 |  |  |  | 407,642 |  |  |  | 657,720 |  |  |  | 236,184 |  |  |  | (1,468 | ) |  |  | 4,140,320 |
Salaries and other operating expenses3 |  | $ | 636,243 |  |  |  | 76,283 |  |  |  | 41,342 |  |  |  | 208,781 |  |  |  | 97,324 |  |  |  | 258,339 |  |  |  | 86,385 |  |  |  | (884 | ) |  |  | 1,403,813 |
Operating income |  | $ | 254,144 |  |  |  | 30,755 |  |  |  | 5,786 |  |  |  | 194,979 |  |  |  | 50,162 |  |  |  | 36,731 |  |  |  | 13,814 |  |  |  | (19 | ) |  |  | 586,352 |
Identifiable assets at period end |  | $ | 2,059,345 |  |  |  | 128,336 |  |  |  | 72,029 |  |  |  | 489,322 |  |  |  | 164,976 |  |  |  | 563,289 |  |  |  | 226,657 |  |  |  | 2,499 |  |  |  | 3,706,453 |
Capital expenditures |  | $ | 23,544 |  |  |  | 1,509 |  |  |  | 1,071 |  |  |  | 1,167 |  |  |  | 1,235 |  |  |  | 8,015 |  |  |  | 1,402 |  |  |  | — |  |  |  | 37,943 |
Equity |  | $ | 1,578,682 |  |  |  | 60,526 |  |  |  | 27,217 |  |  |  | 216,061 |  |  |  | 77,733 |  |  |  | 169,450 |  |  |  | 111,355 |  |  |  | (31,737 | ) |  |  | 2,209,287 |
For the nine months ended September 30, 2018: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues1 |  | $ | 1,790,869 |  |  |  | 257,206 |  |  |  | 122,170 |  |  |  | 2,065,405 |  |  |  | 560,070 |  |  |  | 977,967 |  |  |  | 342,589 |  |  |  | (213,508 | ) |  |  | 5,902,768 |
Directly related cost of transportation and other expenses2 |  | $ | 957,997 |  |  |  | 157,599 |  |  |  | 75,694 |  |  |  | 1,640,724 |  |  |  | 423,612 |  |  |  | 677,167 |  |  |  | 242,208 |  |  |  | (211,931 | ) |  |  | 3,963,070 |
Salaries and other operating expenses3 |  | $ | 620,029 |  |  |  | 70,036 |  |  |  | 38,996 |  |  |  | 211,576 |  |  |  | 92,409 |  |  |  | 248,906 |  |  |  | 79,782 |  |  |  | (1,592 | ) |  |  | 1,360,142 |
Operating income |  | $ | 212,843 |  |  |  | 29,571 |  |  |  | 7,480 |  |  |  | 213,105 |  |  |  | 44,049 |  |  |  | 51,894 |  |  |  | 20,599 |  |  |  | 15 |  |  |  | 579,556 |
Identifiable assets at period end |  | $ | 1,694,556 |  |  |  | 174,402 |  |  |  | 53,322 |  |  |  | 540,465 |  |  |  | 156,887 |  |  |  | 508,855 |  |  |  | 212,817 |  |  |  | (6,504 | ) |  |  | 3,334,800 |
Capital expenditures |  | $ | 16,092 |  |  |  | 4,020 |  |  |  | 899 |  |  |  | 2,623 |  |  |  | 1,934 |  |  |  | 9,167 |  |  |  | 2,907 |  |  |  | — |  |  |  | 37,642 |
Equity |  | $ | 1,334,952 |  |  |  | 66,399 |  |  |  | 25,663 |  |  |  | 197,939 |  |  |  | 86,048 |  |  |  | 157,973 |  |  |  | 119,718 |  |  |  | (31,360 | ) |  |  | 1,957,332 |
1 | In 2019, the Company revised its process to record the transfer, between its geographic operating segments, of revenues and the directly related cost of transportation and other expenses for freight service transactions between Company origin and destination locations. This change better aligns revenue reporting with the location where the services are performed, as well as the transactional reporting being developed as part of the Company’s new accounting systems and processes. The change in presentation had no impact on consolidated or segment operating income. The 2019 results also include the effect of changing the presentation of certain import services from a net to a gross basis, which increased segment revenues and directly related operating expenses but did not change operating income. The impact of these changes on reported segment revenues was immaterial and prior year segment revenues have not been revised.
2 | Directly related cost of transportation and other expenses totals operating expenses from airfreight services, ocean freight and ocean services and customs brokerage and other services as shown in the condensed consolidated statements of earnings.
3 | Salaries and other operating expenses totals salaries and related, rent and occupancy, depreciation and amortization, selling and promotion and other as shown in the condensed consolidated statements of earnings.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration