REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The cumulative effect of the changes made to our consolidated January 1, 2018 balance sheet for the adoption of ASU 2014-09 were as follows:



	Balance at December 31, 2017		Adjustments			Balance at January 1, 2018
Balance Sheet
Assets
Receivables, net of allowance for doubtful accounts	$	2,113,930	$	(101,718	)	$	2,012,212
Contract assets	—		147,764			147,764
Prepaid expenses and other	63,116		4,021			67,137

Liabilities
Accounts payable	1,000,305		(56,493		)	943,812
Accrued expenses - transportation expense	—		94,811			94,811
Accrued expenses - compensation	105,316		1,964			107,280
Accrued expenses - other accrued liabilities	58,229		(2,752		)	55,477
Deferred tax liabilities	45,355		3,298			48,653

Equity
Retained earnings	3,437,093		9,239			3,446,332

The impact of adoption of ASU 2014-09 on our consolidated statements of operations and consolidated balance sheets were as follows. The adoption of ASU 2014-09 did not have a material impact upon our consolidated statement of cash flows.



	Three Months Ended March 31, 2018
	As reported			Balances without adoption of ASU 2014-09			Effect of Change Higher / (Lower)
Income Statement
Revenues
Transportation	$	3,637,640		$	3,621,882		$	15,758
Sourcing ⁽¹⁾	287,687			314,831			(27,144		)
Total Revenues	$	3,925,327		$	3,936,713		$	(11,386	)
Costs and expenses
Purchased transportation and related services	$	3,041,602		$	3,028,663		$	12,939
Purchased products sourced for resale ⁽¹⁾	257,800			284,944			(27,144		)
Personnel expenses	328,297			328,224			73
Other selling, general, and administrative expenses	106,043			106,043			—
Total Costs and Expenses	3,733,742			3,747,874			(14,132		)
Income from operations	191,585			188,839			2,746
Interest and other expense	(10,700		)	(10,700		)	—
Income before provision for income taxes	180,885			178,139			2,746
Provision for income taxes	38,588			37,902			686
Net income	$	142,297		$	140,237		$	2,060

(1) We have identified certain customer contracts in our sourcing managed procurement business that changed from a principal to an agent relationship under the new standard. This change resulted in these contracts being recognized at the net amount we charge our customers but had no impact on income from operations.



	As of March 31, 2018
	As reported		Balances without adoption of ASU 2014-09		Effect of Change Higher / (Lower)
Balance Sheet
Assets
Receivables, net of allowance for doubtful accounts	$	2,019,333	$	2,133,695	$	(114,362	)
Contract assets	161,028		—		161,028
Prepaid expenses and other	60,870		56,607		4,263

Liabilities
Accounts payable	$	990,065	$	1,065,221	$	(75,156	)
Accrued expenses - transportation expense	111,920		—		111,920
Accrued expenses - compensation	69,723		67,687		2,036
Accrued expenses - other accrued liabilities	54,025		57,153		(3,128		)
Deferred tax liabilities	52,883		48,925		3,958

Equity
Retained earnings	$	3,523,245	$	3,511,946	$	11,299

Summary of Gross Revenue Disaggregated by Major Service Line and Timing of Revenue Recognition

A summary of our gross 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, 2018 is as follows:



	Three Months Ended March 31, 2018
	NAST		Global Forwarding		Robinson Fresh		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services	$	2,663,011	$	553,754	$	262,782	$	158,093	$	3,637,640
Sourcing	—		—		287,687		—		287,687
Total	$	2,663,011	$	553,754	$	550,469	$	158,093	$	3,925,327

Timing of Revenue Recognition
Performance obligations completed over time	$	2,663,011	$	553,754	$	262,782	$	158,093	$	3,637,640
Performance obligations completed at a point in time	—		—		287,687		—		287,687
Total	$	2,663,011	$	553,754	$	550,469	$	158,093	$	3,925,327