REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

6 Months Ended

Jun. 30, 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 statements of cash flows.



	Three Months Ended June 30, 2018
	As reported			Balances without adoption of ASU 2014-09			Effect of Change Higher / (Lower)
Income Statement
Revenues
Transportation	$	3,953,139		$	3,897,434		$	55,705
Sourcing ⁽¹⁾	322,898			350,968			(28,070		)
Total Revenues	$	4,276,037		$	4,248,402		$	27,635
Costs and expenses
Purchased transportation and related services	$	3,313,196		$	3,264,140		$	49,056
Purchased products sourced for resale ⁽¹⁾	291,358			319,428			(28,070		)
Personnel expenses	340,630			340,153			477
Other selling, general, and administrative expenses	111,845			111,845			—
Total Costs and Expenses	4,057,029			4,035,566			21,463
Income from operations	219,008			212,836			6,172
Interest and other expense	(5,128		)	(5,128		)	—
Income before provision for income taxes	213,880			207,708			6,172
Provision for income taxes	54,717			53,130			1,587
Net income	$	159,163		$	154,578		$	4,585



	Six Months Ended June 30, 2018
	As reported			Balances without adoption of ASU 2014-09			Effect of Change Higher / (Lower)
Income Statement
Revenues
Transportation	$	7,590,779		$	7,519,316		$	71,463
Sourcing ⁽¹⁾	610,585			665,799			(55,214		)
Total Revenues	$	8,201,364		$	8,185,115		$	16,249
Costs and expenses
Purchased transportation and related services	$	6,354,798		$	6,292,803		$	61,995
Purchased products sourced for resale ⁽¹⁾	549,158			604,372			(55,214		)
Personnel expenses	668,927			668,377			550
Other selling, general, and administrative expenses	217,888			217,888			—
Total Costs and Expenses	7,790,771			7,783,440			7,331
Income from operations	410,593			401,675			8,918
Interest and other expense	(15,828		)	(15,828		)	—
Income before provision for income taxes	394,765			385,847			8,918
Provision for income taxes	93,305			91,032			2,273
Net income	$	301,460		$	294,815		$	6,645

(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 June 30, 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	$	2,202,460	$	2,268,854	$	(66,394	)
Contract assets	182,247		—		182,247
Prepaid expenses and other	63,374		62,004		1,370

Liabilities
Accounts payable	$	1,059,669	$	1,103,551	$	(43,882	)
Accrued expenses - transportation expense	140,231		—		140,231
Accrued expenses - compensation	99,279		96,766		2,513
Accrued expenses - other accrued liabilities	66,987		70,054		(3,067		)
Deferred tax liabilities	42,779		37,235		5,544

Equity
Retained earnings	$	3,617,324	$	3,601,440	$	15,884

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 and six months ended June 30, 2018 is as follows:



	Three Months Ended June 30, 2018
	NAST		Global Forwarding		Robinson Fresh		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services	$	2,878,904	$	617,597	$	298,126	$	158,512	$	3,953,139
Sourcing	—		—		322,898		—		322,898
Total	$	2,878,904	$	617,597	$	621,024	$	158,512	$	4,276,037

Timing of Revenue Recognition
Performance obligations completed over time	$	2,878,904	$	617,597	$	298,126	$	158,512	$	3,953,139
Performance obligations completed at a point in time	—		—		322,898		—		322,898
Total	$	2,878,904	$	617,597	$	621,024	$	158,512	$	4,276,037



	Six Months Ended June 30, 2018
	NAST		Global Forwarding		Robinson Fresh		All Other and Corporate		Total
Major Service Lines
Transportation and logistics services	$	5,541,915	$	1,171,351	$	560,908	$	316,605	$	7,590,779
Sourcing	—		—		610,585		—		610,585
Total	$	5,541,915	$	1,171,351	$	1,171,493	$	316,605	$	8,201,364

Timing of Revenue Recognition
Performance obligations completed over time	$	5,541,915	$	1,171,351	$	560,908	$	316,605	$	7,590,779
Performance obligations completed at a point in time	—		—		610,585		—		610,585
Total	$	5,541,915	$	1,171,351	$	1,171,493	$	316,605	$	8,201,364