XML 44 R28.htm IDEA: XBRL DOCUMENT
v3.6.0.2

ACQUISITIONS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following is a summary of the allocation of purchase consideration to the estimated fair value of net assets for the acquisition of Freightquote (in thousands):
Cash and cash equivalents | $ | 29,302 |
Receivables | 56,228 |
Other current assets | 2,395 |
Property and equipment | 43,687 |
Identifiable intangible assets | 37,800 |
Goodwill | 287,220 |
Trademarks | 8,600 |
Other noncurrent assets | 3,421 |
Total assets | 468,653 |
Accounts payable | (44,622 | )
Accrued expenses | (5,485 | )
Other liabilities | (19,939 | )
Net assets acquired | $ | 398,607 |
The following is a preliminary summary of the allocation of purchase price consideration to the estimated fair value of net assets for the acquisition of APC (in thousands):
Cash | $ | 10,181 |
Receivables | 37,190 |
Inventory and other current assets | 2,609 |
Property and equipment | 1,696 |
Identifiable intangible assets | 78,842 |
Goodwill | 132,797 |
Other noncurrent assets | 70 |
Long term deferred tax asset | 814 |
Total assets | 264,199 |
Accounts payable | (22,147 | )
Accrued expenses | (12,700 | )
Estimated net assets acquired | $ | 229,352 |
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 |  | $ | 78,842 |
Following are the details of the purchase price allocated to the intangible assets acquired (dollars in thousands):
| Estimated Life (years) |  |
Customer relationships | 5 |  | $ | 37,500 |
Noncompete agreements | 5 |  | 300 |
Total identifiable intangible assets |  |  | $ | 37,800 |
Business Acquisition, Pro Forma Information | On an unaudited pro forma basis, assuming the Freightquote acquisition had closed on January 1, 2014, the results of C.H. Robinson including Freightquote, would have resulted in the following (in thousands):
| Twelve Months Ended December 31, 2014
| C.H. Robinson as Reported |  | Freightquote Operations |  | Combined Pro Forma
Total revenues | $ | 13,470,067 |  |  | $ | 623,245 |  |  | $ | 14,093,312 |
Income from operations | 748,418 |  |  | 24,131 |  |  | 772,549 |
Business Acquisition, Pro Forma Information, Adjustments | Freightquote pro forma financial information includes the following adjustments for the twelve months ended December 31, 2014 (in thousands):
Additional amortization expense on identifiable intangible assets | $ | (7,560 | )
Contractual changes in compensation | 1,973 |
Additional compensation paid by sellers | 2,627 |
Accounting policy changes | 1,303 |
Third party advisory fees paid by sellers | 5,355 |
Other | 2,196 |

X
- Definition Tabular disclosure of the nature and amount of any material, nonrecurring adjustments directly attributable to the business combination(s) included in the reported pro forma revenue and earnings (supplemental pro forma information). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(4) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationNonrecurringAdjustmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=65885119&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration