XML 57 R40.htm IDEA: XBRL DOCUMENT v3.25.0.1
DIVESTITURES (Tables) - Disposal Group, Held-for-Sale, Not Discontinued Operations
 12 Months Ended
Dec. 31, 2024
Europe Surface Transportation  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Disposal Groups, Including Discontinued Operations [Table Text Block]
Twelve Months Ended December 31,
2024
Other selling, general, and administrative expenses(1)
$44,462 
Income tax benefits(2)
(800)
Total $43,662 
________________________________ 
(1) Amounts are included within other selling, general, and administrative expenses in our consolidated statements of operations and comprehensive income and consist primarily of a $32.8 million pre-tax loss on the disposal group and direct costs to sell.
(2) Amounts are included within provision for income taxes in our consolidated statements of operations and comprehensive income.
A summary of assets and liabilities associated with the Europe Surface Transportation disposal group that are held for sale , is presented below (in thousands):
As of
December 31, 2024
Assets held for sale:
Cash and cash equivalents$10,307 
Receivables114,721 
Goodwill and other intangible assets31,297 
Right-of-use lease assets10,737 
Other assets3,366 
Valuation allowance(32,794)
Total assets held for sale(1)
$137,634 
Liabilities held for sale:
Accounts payable$51,388 
Lease liabilities10,540 
Other liabilities5,485 
Total liabilities held for sale(1)
$67,413 
Cumulative translation loss of foreign entities to be sold(2)
$2,238 
________________________________
(1) Assets and liabilities held for sale are separately presented on the consolidated balance sheets.
(2) Cumulative translation loss of foreign entities to be sold is included within accumulated other comprehensive losses on the consolidated balance sheets.
South American Divestiture  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Disposal Groups, Including Discontinued Operations [Table Text Block]
A summary of exit and disposal costs related to our South American divestiture is presented below (in thousands):
Twelve Months Ended December 31,
2023
Severance and other personnel expenses(1)
$2,237 
Other selling, general, and administrative expenses(2)
18,328 
Other miscellaneous expenses(3)
1,420 
Income tax benefits(4)
(795)
Total $21,190 
________________________________ 
(1) Amounts are included within personnel expenses in our consolidated statements of operations and comprehensive income.
(2) Amounts are included within other selling, general, and administrative expenses in our consolidated statements of operations and comprehensive income and consist primarily of a $17.7 million pre-tax loss on the disposal group.
(3) Amounts are included within interest and other income/expense, net in our consolidated statements of operations and comprehensive income.
(4) Amounts are included within provision for income taxes in our consolidated statements of operations and comprehensive income.
The following table summarizes exit and disposal costs related to our South American divestiture by reportable segment (dollars in thousands):
Twelve Months Ended December 31, 2023
NASTGlobal ForwardingAll Other and CorporateConsolidated
Personnel expenses$— $1,641 $596 $2,237 
Other selling, general, and administrative expenses— 17,961 367 18,328 
Other miscellaneous expenses— 1,420 — 1,420 
Income tax benefits— (795)— (795)