XML 44 R29.htm IDEA: XBRL DOCUMENT
v3.22.4

CAPITAL STOCK AND STOCK AWARD PLANS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | A summary expense recognized within personnel expenses in our consolidated statements of operations and comprehensive income for stock-based compensation is as follows (in thousands):
| 2022 |  | 2021 |  | 2020
Stock options | $ | 13,025 |  |  | $ | 16,128 |  |  | $ | 20,162 |
Stock awards | 74,186 |  |  | 110,701 |  |  | 20,985 |
Company expense on ESPP discount | 3,466 |  |  | 3,148 |  |  | 2,848 |
Total stock-based compensation expense | $ | 90,677 |  |  | $ | 129,977 |  |  | $ | 43,995 |
Schedule of Stock Option Activity | The following schedule summarizes stock option activity in the plans. All outstanding unvested options as of December 31, 2022, relate to time-based grants from 2018 through 2020.
| Options |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value (in thousands) |  | Average Remaining Life (years)
Outstanding as of December 31, 2021 | 6,493,864 |  |  | $ | 76.88 |  |  | $ | 199,682 |  |  | 5.8
Exercised | (1,126,384) |  |  | 71.91 |  |  |  |  |
Forfeitures | (8,684) |  |  | 76.43 |  |  |  |  |
Outstanding as of December 31, 2022 | 5,358,796 |  |  | $ | 77.93 |  |  | $ | 73,065 |  |  | 5.1
Vested as of December 31, 2022 | 4,491,967 |  |  | $ | 78.17 |  |  |  |  | 4.7
Exercisable as of December 31, 2022 | 4,491,967 |  |  | $ | 78.17 |  |  |  |  | 4.7
Schedule of Intrinsic Value of Options Exercised | Information on the intrinsic value of options exercised is as follows (in thousands):
2022 | $ | 43,353 |
2021 | 20,427 |
2020 | 38,551 |
Schedule of Unvested Stock Option Grants | The following table summarizes these unvested stock option grants as of December 31, 2022:
First Vesting Date |  | Last Vesting Date |  | Options Granted, Net of Forfeitures |  | Weighted Average Grant Date Fair Value(1) |  | Unvested Options
December 31, 2019 |  | December 31, 2023 |  | 1,152,836 |  |  | $ | 20.13 |  |  | 223,752 |
December 31, 2020 |  | December 31, 2024 |  | 1,632,187 |  |  | 13.87 |  |  | 643,077 |
|  |  |  | 2,785,023 |  |  | $ | 16.46 |  |  | 866,829 |
________________________________ (1) Amount shown is the weighted average grant date fair value of options granted, net of forfeitures.
Schedule of Option Pricing Model Valuation Assumptions | The grant date fair value per option was estimated using the Black-Scholes option pricing model with the following assumptions:
| 2020 Grants |  | 2019 Grants
Weighted-average risk-free interest rate | 1.6% |  | 2.1%
Expected dividend yield | 2.5% |  | 2.0%
Weighted-average volatility | 23% |  | 25%
Expected term (in years) | 8.91 |  | 6.08
Weighted average fair value per option | $ | 13.88 |  |  | $ | 17.52 |
Schedule of Performance Based Restricted Shares and Restricted Stock Units | The following table summarizes activity related to our performance-based restricted shares and PSUs as of December 31, 2022:
| Number of Restricted Shares and Restricted Stock Units |  | Weighted Average Grant Date Fair Value
Unvested as of December 31, 2021 | 407,642 |  |  | $ | 72.21 |
Granted(1) | 334,092 |  |  | 76.87 |
Performance-based grant adjustment(2) | 59,338 |  |  | 71.43 |
Vested | (266,651) |  |  | 68.86 |
Forfeitures | (16,613) |  |  | 70.84 |
Unvested as of December 31, 2022 | 517,808 |  |  | $ | 76.89 |
________________________________ (1) Amount represents PSU grants at target. (2)Amount represents incremental shares issuable for achieving 200 percent upside upon meeting certain adjusted gross profits targets in 2022. The following table summarizes unvested PSUs by vesting period at target:
First Vesting Date |  | Last Vesting Date |  | Performance Shares and Stock Units Granted, Net of Forfeitures |  | Weighted Average Grant Date Fair Value (1) |  | Unvested Performance Shares and Restricted Stock Units
December 31, 2021 |  | December 31, 2023 |  | 261,524 |  |  | $ | 74.84 |  |  | 248,708 |
December 31, 2022 |  | December 31, 2024 |  | 294,928 |  |  | 76.74 |  |  | 269,100 |
|  |  |  | 556,452 |  |  | $ | 75.85 |  |  | 517,808 |
________________________________ (1) Amount shown is the weighted average grant date fair value of PSUs granted, net of forfeitures.
Schedule of Unvested Time-Based Restricted Share and Restricted Stock Unit Grants | The following table summarizes our unvested time-based restricted share and restricted stock unit grants as of December 31, 2022:
| Number of Restricted Shares and Stock Units |  | Weighted Average Grant Date Fair Value
Unvested as of December 31, 2021 | 763,481 |  |  | $ | 69.42 |
Granted | 745,689 |  |  | 77.55 |
Vested | (568,617) |  |  | 71.85 |
Forfeitures | (51,141) |  |  | 72.88 |
Unvested as of December 31, 2022 | 889,412 |  |  | $ | 74.26 |
Schedule of Fair Value Stock Awards Vested | A summary of the fair value of stock awards vested (in thousands):
2022 | $ | 74,186 |
2021 | 110,701 |
2020 | 20,985 |
Schedule of Employee Stock Purchase Plan Activity | The following is a summary of the employee stock purchase plan activity (dollar amounts in thousands):
| Shares Purchased By Employees |  | Aggregate Cost to Employees |  | Expense Recognized By the Company
2022 | 229,705 |  |  | $ | 19,643 |  |  | $ | 3,466 |
2021 | 220,970 |  |  | 17,838 |  |  | 3,148 |
2020 | 236,062 |  |  | 16,146 |  |  | 2,848 |
Schedule of Share Repurchase Program Activity | The activity under these authorizations is as follows (dollar amounts in thousands):
| Shares Repurchased |  | Total Value of Shares Repurchased
2022 Repurchases | 14,226,190 |  |  | $ | 1,456,713 |
2021 Repurchases | 6,154,364 |  |  | 580,818 |
2020 Repurchases | 2,542,915 |  |  | 182,745 |

X
- Definition The vest-date fair values of stock plan awards vested during the period. + References No definition available. + Details
Name: | chrw_ScheduleOfFairValueStockAwardsVestedTableTableTextBlock
Namespace Prefix: | chrw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Intrinsic Value of Options Exercised [Table Text Block] + References No definition available. + Details
Name: | chrw_ScheduleOfIntrinsicValueOfOptionsExercisedTableTextBlock
Namespace Prefix: | chrw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Share-Based Compensation, Unvested Stock Option Grants [Table Text Block] + References No definition available. + Details
Name: | chrw_ShareBasedCompensationUnvestedStockOptionGrantsTableTextBlock
Namespace Prefix: | chrw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Share Repurchase Program Disclosure + References No definition available. + Details
Name: | chrw_ShareRepurchaseProgramDisclosureTableTextBlock
Namespace Prefix: | chrw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Share-based Compensation, Performance Shares Award And Restricted Stock Units Vesting Period [Table Text Block] + References No definition available. + Details
Name: | chrw_SharebasedCompensationPerformanceSharesAwardAndRestrictedStockUnitsVestingPeriodTableTextBlock
Namespace Prefix: | chrw_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of employee stock purchase plan activity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationEmployeeStockPurchasePlanActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration