XML 42 R29.htm IDEA: XBRL DOCUMENT v3.25.0.1
VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
VALUATION AND QUALIFYING ACCOUNTS

HUB GROUP, INC.

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

(in thousands)

Allowance for uncollectible trade accounts

 

Balance at

 

 

Charged to

 

 

Charged to

 

 

 

 

 

Balance at

 

Year Ended

Beginning of

 

 

Costs and

 

 

Other

 

 

 

 

 

End of

 

December 31:

Year

 

 

Expenses

 

 

Accounts (1)

 

 

Deductions (2)

 

 

Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

$

34,709

 

 

$

1,094

 

 

$

(9,077

)

 

$

(1

)

 

$

26,725

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

$

38,580

 

 

$

1,426

 

 

$

(5,295

)

 

$

(2

)

 

$

34,709

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

$

20,061

 

 

$

2,985

 

 

$

15,557

 

 

$

(23

)

 

$

38,580

 

Deferred tax valuation allowance

 

Balance at

 

 

Charged to

 

 

Balance at

 

Year Ended

Beginning of

 

 

Costs and

 

 

End of

 

December 31:

Year

 

 

Expenses

 

 

Year

 

 

 

 

 

 

 

 

 

 

2024

$

1,174

 

 

$

1,747

 

 

$

2,921

 

 

 

 

 

 

 

 

 

 

2023

$

1,567

 

 

$

(393

)

 

$

1,174

 

 

 

 

 

 

 

 

 

 

2022

$

5,023

 

 

$

(3,456

)

 

$

1,567

 

(1) Expected customer account adjustments charged to revenue and write-offs, net of recoveries.

(2) Represents bad debt recoveries.