Restructuring and Related Activities (Tables)

9 Months Ended

Sep. 30, 2023

2022 Restructuring Program

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

A summary of the restructuring charges recognized is presented below (in thousands):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023		2023
Severance(1)	$	(265)	$	14,554
Other personnel expenses(1)	(67)		1,839
Other selling, general, and administrative expenses(2)	193		1,322
Total	$	(139)	$	17,715

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(1) Amounts are included within personnel expenses in our condensed consolidated statements of operations and comprehensive income. Amounts recognized in the three months ended September 30, 2023, primarily relate to accrual adjustments for amounts settling for an amount different than originally estimated.

(2) Amounts are included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.

The following table summarizes restructuring charges by reportable segment (dollars in thousands):

	Three Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	(73)	$	(87)	$	(172)	$	(332)
Other selling, general, and administrative expenses	4		67		122		193

	Nine Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	1,083	$	2,142	$	13,168	$	16,393
Other selling, general, and administrative expenses	8		230		1,084		1,322

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes activity related to our 2022 restructuring program and reserves included in our consolidated balance sheets:

	Accrued Severance and Other Personnel Expenses		Accrued Other Selling, General, and Administrative Expenses		Total
Balance, December 31, 2022	$	18,976	$	—	$	18,976
Restructuring charges	16,393		1,322		17,715
Cash payments	(29,010)		(415)		(29,425)
Settled non-cash	—		(907)		(907)
Accrual adjustments(1)	(622)		—		(622)
Balance, September 30, 2023	$	5,737	$	—	$	5,737

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(1) Accrual adjustments primarily relate to changes in estimates for certain employee termination costs, including those settling for an amount different than originally estimated and foreign currency adjustments.

South America Restructuring Program

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Costs

A summary of the restructuring charges recognized related to our South American restructuring program is presented below (in thousands):

	Three Months Ended September 30,		Nine Months Ended September 30,
	2023		2023
Severance and other personnel expenses(1)	$	3,350	$	3,350
Other selling, general, and administrative expenses(2)	21,252		21,252
Income tax benefits(3)	(5,501)		(5,501)
Total	$	19,101	$	19,101

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(1) Amounts are included within personnel expenses in our condensed consolidated statements of operations and comprehensive income.

(2) Amounts are included within other selling, general, and administrative expenses in our condensed consolidated statements of operations and comprehensive income.

(3) Amounts are included within provision for income taxes in our condensed consolidated statements of operations and comprehensive income.

The following table summarizes restructuring charges related to our South American restructuring program by reportable segment (dollars in thousands):

	Three Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	—	$	2,600	$	750	$	3,350
Other selling, general, and administrative expenses	—		21,012		240		21,252
Income tax benefits	—		(5,501)		—		(5,501)

	Nine Months Ended September 30, 2023
	NAST		Global Forwarding		All Other and Corporate		Consolidated
Personnel expenses	$	—	$	2,600	$	750	$	3,350
Other selling, general, and administrative expenses	—		21,012		240		21,252
Income tax benefits	—		(5,501)		—		(5,501)

Schedule of Restructuring Reserve by Type of Cost

The following table summarizes activity related to our South American restructuring program and reserves included in our consolidated balance sheets:

	Accrued Severance and Other Personnel Expenses		Accrued Other Selling, General, and Administrative Expenses		Total
Balance, December 31, 2022	$	—	$	—	$	—
Restructuring charges	3,350		21,252		24,602
Settled non-cash	—		(21,187)		(21,187)
Balance, September 30, 2023	$	3,350	$	65	$	3,415

Disposal Groups, Including Discontinued Operations

A summary of assets and liabilities associated with the disposal group that are held for sale as of September 30, 2023, is presented below (in thousands):

	As of September 30, 2023
Assets held for sale:
Cash and cash equivalents	$	2,486
Receivables	23,710
Property and equipment	431
Right-of-use lease assets	128
Other assets	415
Valuation allowance	(21,113)
Total assets held for sale(1)	$	6,057
Liabilities held for sale:
Accounts payable	$	5,115
Lease liabilities	566
Other liabilities	376
Total liabilities held for sale(2)	$	6,057

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(1) Amounts are included within other assets in our condensed consolidated balance sheet.

(2) Amounts are included within other accrued liabilities in our condensed consolidated balance sheet.