XML 43 R29.htm IDEA: XBRL DOCUMENT
v3.20.4

Acquisitions (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Components of Other Intangibles Acquired | The components of “Other intangibles” listed in the above table as of the acquisition date are preliminarily estimated as follows (in thousands):
|  |  |  |  | Accumulated |  |  | Balance at |  |  | Estimated Useful
| Amount |  |  | Amortization |  |  | December 31, 2020 |  |  | Life
Customer relationships | $ | 52,683 |  |  | $ | 293 |  |  | $ | 52,390 |  |  | 15 years
Agent relationships | $ | 2,432 |  |  | $ | 51 |  |  | $ | 2,381 |  |  | 4 years
Trade name | $ | 1,621 |  |  | $ | 90 |  |  | $ | 1,531 |  |  | 18 months
Nonstop Delivery ,LLC [Member] |
Preliminary Allocation of Total Consideration to Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary allocation of the total consideration to the assets acquired and liabilities assumed as of the date of the acquisition (in thousands):
| December 9, 2020 |  |
Cash and cash equivalents | $ | 4,829 |  |
Accounts receivable trade |  | 26,250 |  |
Prepaid expenses and other current assets |  | 207 |  |
Property and equipment |  | 2,907 |  |
Right of use assets - operating leases |  | 1,105 |  |
Goodwill, net |  | 24,315 |  |
Other intangibles |  | 56,736 |  |
Other assets |  | 42 |  |
Total assets acquired | $ | 116,391 |  |
Accounts payable trade | $ | 9,972 |  |
Accrued payroll |  | 1,324 |  |
Accrued other |  | 578 |  |
Lease liability - operating leases |  | 364 |  |
Lease liability - financing leases |  | 864 |  |
Total liabilities assumed | $ | 13,102 |  |
Total consideration | $ | 103,289 |  |
Cash paid, net | $ | 84,845 |  |
CaseStack, Inc. [Member] |
Preliminary Allocation of Total Consideration to Assets Acquired and Liabilities Assumed | The following table summarizes the allocation of the total consideration to the assets acquired and liabilities assumed as of the date of the acquisition (in thousands):
Accounts receivable trade | $ | 31,896 |
Prepaid expenses and other current assets |  | 694 |
Property and equipment |  | 3,247 |
Deferred tax assets |  | 6,433 |
Goodwill, net |  | 166,070 |
Other intangibles |  | 75,600 |
Other assets |  | 120 |
Total assets acquired | $ | 284,060 |
Accounts payable trade | $ | 24,542 |
Accrued payroll |  | 2,811 |
Accrued other |  | 3,849 |
Total liabilities assumed | $ | 31,202 |
Total consideration | $ | 252,858 |
Summary of Total Purchase Price Allocated to Net Assets Acquired | The following table summarizes the total purchase price allocated to the net assets acquired (in thousands):
Cash paid | $ | 249,389 |
Deferred purchase consideration |  | 3,469 |
Total consideration | $ | 252,858 |
Unaudited Pro forma Consolidated Results of Operations | The following unaudited pro forma consolidated results of operations presents the effects of NSD as though it had been acquired as of January 1, 2019 and CaseStack as though it had been owned as of January 1, 2018 (in thousands, except for per share amounts):
| Twelve Months Ended |
| December 31, 2020 |  |  | December 31, 2019 |  |  | December 31, 2018 |
Revenue | $ | 3,584,538 |  |  | $ | 3,733,507 |  |  | $ | 3,912,745 |
Income from continuing operations | $ | 84,874 |  |  | $ | 107,998 |  |  | $ | 133,310 |
Earnings per share (1) |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 2.56 |  |  | $ | 3.24 |  |  | $ | 2.81 |
Diluted | $ | 2.53 |  |  | $ | 3.23 |  |  | $ | 2.79 |
| (1) | Earnings per share is from continuing operations.

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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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_ScheduleOfFiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTextBlock
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=hubg_NonstopDeliveryLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=hubg_CaseStackIncorporationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |