C.H. Robinson Worldwide (CHRW) 10-K 1 Mar 10 2009 FY Annual report Financial data

Statement Of Financial Position

Statement Of Financial Position Classified (USD $)
In Thousands	Dec. 31, 2009	Dec. 31, 2008
Current assets:
Cash and cash equivalents	$337,308	$494,743
Available-for-sale securities	48,310	2,644
Receivables, net of allowance for doubtful accounts of $30,651 and $29,263	885,543	828,884
Deferred tax asset	6,454	5,413
Prepaid expenses and other	29,654	16,187
Total current assets	1,307,269	1,347,871
Property and equipment	220,519	191,607
Accumulated depreciation and amortization	(102,820)	(87,519)
Net property and equipment	117,699	104,088
Goodwill	361,666	324,704
Other intangible assets, net of accumulated amortization of $26,947 and $20,972	18,371	14,900
Deferred tax asset	14,422	14,833
Other assets	14,821	9,325
Total assets	1,834,248	1,815,721
Current liabilities:
Accounts payable	529,256	485,167
Outstanding checks	77,258	83,591
Accrued expenses -
Compensation and profit-sharing contribution	90,855	93,431
Income taxes and other	34,438	35,464
Total current liabilities	731,807	697,653
Noncurrent income taxes payable	10,546	9,887
Other long term liabilities	11,995	960
Total liabilities	754,348	708,500
Stockholders' investment:
Preferred stock, $ .10 par value, 20,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $ .10 par value, 480,000 shares authorized; 176,686 and 176,128 shares issued, 167,098 and 170,437 outstanding	16,710	17,044
Additional paid-in capital	165,104	177,486
Retained earnings	1,402,306	1,207,428
Accumulated other comprehensive (loss) income	(1,636)	2,165
Treasury stock at cost (9,588 and 5,691)	(502,584)	(296,902)
Total stockholders' investment	1,079,900	1,107,221
Total liabilities and stockholders' investment	$1,834,248	$1,815,721

1_Statement Of Financial Positi

Statement Of Financial Position Classified (Parenthetical) (USD $)
In Thousands, except Per Share data	Dec. 31, 2009	Dec. 31, 2008
Receivables, allowance for doubtful accounts	$30,651	$29,263
Other intangible assets, accumulated amortization	$26,947	$20,972
Preferred stock, par value	0.1	0.1
Preferred stock, shares authorized	20,000	20,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	0.1	0.1
Common stock, shares authorized	480,000	480,000
Common stock, shares issued	176,686	176,128
Common stock, shares outstanding	167,098	170,437
Treasury stock, shares	9,588	5,691

Statement Of Income Alternative

Statement Of Income Alternative (USD $)
In Thousands, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Revenues:
Transportation	$5,976,102	$7,129,611	$5,971,784
Sourcing	1,555,292	1,398,253	1,298,913
Information Services	45,795	50,750	45,526
Total revenues	7,577,189	8,578,614	7,316,223
Costs and expenses:
Purchased transportation and related services	4,768,520	5,917,032	4,873,752
Purchased products sourced for resale	1,426,710	1,286,619	1,198,693
Personnel expenses	597,568	601,822	567,986
Other selling, general, and administrative expenses	199,580	201,555	166,108
Total costs and expenses	6,992,378	8,007,028	6,806,539
Income from operations	584,811	571,586	509,684
Investment and other income	2,250	6,801	13,830
Income before provision for income taxes	587,061	578,387	523,514
Provision for income taxes	226,231	219,210	199,253
Net income	$360,830	$359,177	$324,261
Basic net income per share	2.15	2.12	1.9
Diluted net income per share	2.13	2.08	1.86
Basic weighted average shares outstanding	167,695	169,056	170,493
Dilutive effect of outstanding stock awards	1,499	3,677	3,547
Diluted weighted average shares outstanding	169,194	172,733	174,040

Statement Of Shareholders Equit

Statement Of Shareholders Equity And Other Comprehensive Income (USD $)
In Thousands		Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total
Beginning Balance at Dec. 31, 2006	$17,266	$184,462	$807,983	($202)	($65,787)	$943,722
Beginning Balance (in shares) at Dec. 31, 2006	172,656
Net income			324,261			324,261
Other comprehensive income -
Foreign currency translation adjustment				457		457
Unrealized gain (loss) on available-for-sale securities				8		8
Cumulative impact for adoption of new accounting guidance			2,553			2,553
Dividends declared of $.97 in 2009, $.90 in 2008, and $.76 in 2007 per share			(131,833)			(131,833)
Stock issued for employee benefit plans (in shares)	1,402
Stock issued for employee benefit plans	140	(50,674)			64,274	13,740
Issuance of restricted stock (in shares)	33
Issuance of restricted stock	3	5,892				5,895
Stock-based compensation expense (in shares)	15
Stock-based compensation expense	1	33,972			128	34,101
Excess tax benefit on deferred compensation and employee stock plans		16,668				16,668
Repurchase of common stock (in shares)	(3,284)
Repurchase of common stock	(328)				(166,995)	(167,323)
Ending Balance (in shares) at Dec. 31, 2007	170,822
Ending Balance at Dec. 31, 2007	17,082	190,320	1,002,964	263	(168,380)	1,042,249
Net income			359,177			359,177
Other comprehensive income -
Foreign currency translation adjustment				1,904		1,904
Unrealized gain (loss) on available-for-sale securities				(2)		(2)
Dividends declared of $.97 in 2009, $.90 in 2008, and $.76 in 2007 per share			(154,713)			(154,713)
Stock issued for employee benefit plans (in shares)	1,405
Stock issued for employee benefit plans	141	(47,925)			71,111	23,327
Issuance of restricted stock (in shares)	1,917
Issuance of restricted stock	192	3,339			687	4,218
Stock-based compensation expense (in shares)	13
Stock-based compensation expense	1	19,695			154	19,850
Excess tax benefit on deferred compensation and employee stock plans		12,057				12,057
Repurchase of common stock (in shares)	(3,720)
Repurchase of common stock	(372)				(200,474)	(200,846)
Ending Balance (in shares) at Dec. 31, 2008	170,437
Ending Balance at Dec. 31, 2008	17,044	177,486	1,207,428	2,165	(296,902)	1,107,221
Net income			360,830			360,830
Other comprehensive income -
Foreign currency translation adjustment				(3,819)		(3,819)
Unrealized gain (loss) on available-for-sale securities				18		18
Dividends declared of $.97 in 2009, $.90 in 2008, and $.76 in 2007 per share			(165,952)			(165,952)
Stock issued for employee benefit plans (in shares)	1,189
Stock issued for employee benefit plans	119	(42,305)			59,927	17,741
Issuance of restricted stock (in shares)	558
Issuance of restricted stock	55	(55)				0
Stock-based compensation expense (in shares)	15
Stock-based compensation expense	2	20,012			787	20,801
Excess tax benefit on deferred compensation and employee stock plans		9,966				9,966
Repurchase of common stock (in shares)	(5,101)
Repurchase of common stock	(510)				(266,396)	(266,906)
Ending Balance (in shares) at Dec. 31, 2009	167,098
Ending Balance at Dec. 31, 2009	$16,710	$165,104	$1,402,306	($1,636)	($502,584)	$1,079,900

2_Statement Of Shareholders Equ

Statement Of Shareholders Equity And Other Comprehensive Income (Parenthetical) (USD $)
	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Dividends declared, per share	0.97	0.9	0.76

Statement Of Cash Flows Indirec

Statement Of Cash Flows Indirect (USD $)
In Thousands	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
OPERATING ACTIVITIES
Net income	$360,830	$359,177	$324,261
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	30,514	31,164	27,366
Provision for doubtful accounts	16,685	14,329	6,745
Stock-based compensation	21,267	20,804	38,002
Deferred income taxes	(630)	2,951	(8,915)
Loss on sale/disposal of assets	254	255	309
Other long-term liabilities	643	0	0
Changes in operating elements, net of effects of acquisitions:
Receivables	(57,855)	100,171	(153,232)
Prepaid expenses and other	(12,904)	203	(5,206)
Accounts payable and outstanding checks	21,854	(70,903)	70,456
Accrued compensation and profit-sharing contribution	(1,865)	(6,794)	5,506
Accrued income taxes and other	(6,222)	(3,778)	3,138
Net cash provided by operating activities	372,571	447,579	308,430
INVESTING ACTIVITIES
Purchases of property and equipment	(34,466)	(23,748)	(43,713)
Cash paid for acquisitions, net of cash acquired	(41,145)	(59,661)	(22,220)
Purchases of available-for-sale securities	(52,437)	(136,954)	(204,020)
Sales/maturities of available-for-sale securities	3,975	251,074	214,299
Other	185	769	(68)
Net cash (used for) provided by investing activities	(123,888)	31,480	(55,722)
FINANCING ACTIVITIES
Proceeds from stock issued for employee benefit plans	17,741	23,327	13,740
Repayments of acquired line of credit	0	(9,383)	0
Repurchase of common stock	(266,906)	(200,846)	(167,323)
Cash dividends	(162,865)	(151,195)	(125,183)
Excess tax benefit on stock-based compensation	9,966	12,057	16,668
Proceeds from short-term borrowings	1,341	8,888	23,559
Payments on short-term borrowings	(1,341)	(8,888)	(23,559)
Net cash used for financing activities	(402,064)	(326,040)	(262,098)
Effect of exchange rates on cash	(4,054)	2,839	(317)
Net (decrease) increase in cash and cash equivalents	(157,435)	155,858	(9,707)
Cash and cash equivalents, beginning of year	494,743	338,885	348,592
Cash and cash equivalents, end of year	337,308	494,743	338,885
Cash paid for income taxes	224,750	202,246	190,517
Cash paid for interest	$189	$426	$172

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	12 Months Ended Dec. 31, 2009 USD / shares
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION. C.H. Robinson Worldwide, Inc. and our subsidiaries (the company, we, us, or our) are a global provider of multimodal transportation services and logistics solutions through a network of 235 branch offices operating in North America, Europe, Asia, South America, Australia, and the Middle East. The consolidated financial statements include the accounts of C.H. Robinson Worldwide, Inc. and our majority owned and controlled subsidiaries. Our minority interests in subsidiaries are not significant. All intercompany transactions and balances have been eliminated in the consolidated financial statements. USE OF ESTIMATES. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities. We are also required to disclose contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Our ultimate results could differ from those estimates. REVENUE RECOGNITION. Total revenues consist of the total dollar value of goods and services purchased from us by customers. Net revenues are total revenues less the direct costs of transportation, products, and handling. We act principally as the service provider for these transactions and recognize revenue as these services are rendered or goods are delivered. At that time, our obligations to the transactions are completed and collection of receivables is reasonably assured. Most transactions in our Transportation and Sourcing businesses are recorded at the gross amount we charge our customers for the service we provide and goods we sell. In these transactions, we are the primary obligor, we have all credit risk, we maintain substantially all risks and rewards, we have discretion to select the supplier, and we have latitude in pricing decisions. Additionally, in our Sourcing business, we take loss of inventory risk during shipment and have general inventory risk. Certain transactions in customs brokerage, transportation management, and all transactions in Information Services are recorded at the net amount we charge our customers for the service we provide because many of the factors stated above are not present. ALLOWANCE FOR DOUBTFUL ACCOUNTS. Accounts receivable are reduced by an allowance for amounts that may become uncollectible in the future. We continuously monitor payments from our customers and maintain a provision for uncollectible accounts based upon our customer aging trends, historical loss experience, and any specific customer collection issues that we have identified. FOREIGN CURRENCY. Most balance sheet accounts of foreign subsidiaries are translated or remeasured at the current exchange rate as of the end of the year. Statement of operations items are translated at average exchange rates during the year. The resulting translation adjustment is recorded as a separate component of comprehensive income in our statement of stockholders investment. SEGMENT REPORTING

AVAILABLE-FOR-SALE SECURITIES

AVAILABLE-FOR-SALE SECURITIES
	12 Months Ended Dec. 31, 2009 USD / shares
AVAILABLE-FOR-SALE SECURITIES	NOTE 2: AVAILABLE-FOR-SALE SECURITIES Our investments consist of investment-grade marketable debt securities. The majority of these investments are classified as short-term based on their highly liquid nature and because these securities represent the investment of cash that is available for current operations. They are classified as available-for-sale and recorded at fair value. As of December31, 2009 and 2008, we had $51.3 million and $2.6 million in available-for-sale securities. Unrealized holding gains and losses are recorded, net of any tax effect, as a separate component of accumulated other comprehensive income. Unrealized gains and losses on available-for-sale securities were not material as of December31, 2009 and 2008. The total realized gains and losses on sales of available-for-sale securities were not material for the years ended December31, 2009, 2008, and 2007. The fair value of available-for-sale debt securities at December31, 2009, by contractual maturity, is shown below (in thousands): Costbasis Estimated fair value Due in one year or less $ 47,919 $ 48,310 Due in 1-2 years 3,018 3,026 Total $ 50,937 $ 51,336

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS
	12 Months Ended Dec. 31, 2009 USD / shares
GOODWILL AND OTHER INTANGIBLE ASSETS	NOTE 3: GOODWILL AND OTHER INTANGIBLE ASSETS The change in the carrying amount of goodwill is as follows (in thousands): 2009 2008 Balance, beginning of year $ 324,704 $ 278,739 Acquisitions 36,521 47,038 Translation 441 (1,073 ) Balance, end of year $ 361,666 $ 324,704 During 2009, we added $9.0 million of goodwill through our acquisition of Walker Logistics Overseas, Ltd. (Walker), $3.9 million through our acquisition of International Trade Commerce, Inc. (ITC), and $23.6 million through our acquisition of Rosemont Farms Corporation, Inc. and an affiliated company, Quality Logistics, LLC (together referred to as Rosemont). We complete an impairment test on goodwill annually. This impairment test did not result in any impairment losses. There is no aggregate goodwill impairment for any of the periods presented in our financial statements. A summary of our other intangible assets, with finite lives, which include primarily non-competition agreements and customer relationships, as of December31 is as follows (in thousands): 2009 2008 Gross $ 43,519 $ 35,869 Accumulated amortization (26,947 ) (20,969 ) Net $ 16,572 $ 14,900 We also have a trademark valued at $1.8 million which has an indefinite life. Amortization expense for other intangible assets was $7.3 million in 2009, $6.2 million in 2008, and $5.7 million in 2007. Estimated amortization expense for each of the five succeeding fiscal years based on the intangible assets at December31, 2009, is as follows (in thousands): 2010 $ 4,945 2011 3,697 2012 3,124 2013 2,910 2014 1,896 Thereafter Total $ 16,572

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT
	12 Months Ended Dec. 31, 2009 USD / shares
FAIR VALUE MEASUREMENT	NOTE 4: FAIR VALUE MEASUREMENT Accounting guidance on fair value measurements for certain financial assets and liabilities requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories: Level 1 - Quoted market prices in active markets for identical assets or liabilities. Level 2 - Observable market-based inputs or unobservable inputs that are corroborated by market data. Level 3 - Unobservable inputs reflecting the reporting entitys own assumptions or external inputs from inactive markets. A financial asset or liabilitys classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement. The following table presents information as of December31, 2009, about our financial assets and liabilities that are measured at fair value on a recurring basis, according to the valuation techniques we used to determine their fair values. Level 1 Level2 Level 3 TotalFair Value Cash and cash equivalents $ 337,308 $ $ $ 337,308 Debt securities- available-for-sale: State and municipal obligations 50,216 50,216 Corporate bonds 1,120 1,120 Total assets at fair value $ 337,308 $ 51,336 $ $ 388,644 Contingent purchase price related to acquisitions 14,658 14,658 Total liabilities at fair value $ $ $ 14,658 $ 14,658 The carrying value of cash and cash equivalents approximates fair value as maturities are three months or less. The estimated fair values of debt securities held as available-for-sale are based on other market data for comparable instruments and the transactions related in establishing the prices. In measuring the fair value of the contingent payment liability, we used an income approach that considers the expected future earnings of the acquired businesses and the resulting contingent payments, discounted at a risk-adjusted rate. The table below sets forth a reconciliation of our beginning and ending Level 3 financial liability balances for the year ended December31, 2009. Balance December31, 2008 $ Contingent purchase price related to acquisitions 14,015 Total realized losses included in earnings 643 Balance December31, 2009 $ 14,658

INCOME TAXES

INCOME TAXES
	12 Months Ended Dec. 31, 2009 USD / shares
INCOME TAXES	NOTE 5: INCOME TAXES C.H. Robinson Worldwide, Inc. and its 80 percent (or more) owned U.S. subsidiaries file a consolidated federal income tax return. We file unitary or separate state returns based on state filing requirements. With few exceptions, we are no longer subject to audits of U.S. federal, state and local, or non-U.S. income tax returns before 2004. On January1, 2007, we adopted new accounting guidance on the accounting for uncertainty in income taxes. The adoption of the new guidance resulted in an increase to retained earnings as of January1, 2007, of $2.6 million, which was reflected as a cumulative effect of a change in accounting principle, with a corresponding decrease to the net liability for unrecognized tax benefits. A reconciliation of the beginning and ending amount of unrecognized tax benefits, net of interest and penalties, is as follows (in thousands): 2009 2008 2007 Unrecognized tax benefits, beginning of period $ 7,214 $ 7,622 $ 5,603 Additions based on tax positions related to the current year 1,827 1,635 1,942 Additions for tax positions of prior years 15 592 Reductions for tax positions of prior years (60 ) (1,512 ) (515 ) Lapse in statute of limitations (1,191 ) Settlements (14 ) (546 ) Unrecognized tax benefits, end of the period $ 7,776 $ 7,214 $ 7,622 As of December31, 2009, we had $10.5 million of unrecognized tax benefits and related interest and penalties, all of which would affect our effective tax rate if recognized. We are not aware of any tax positions for which it is reasonably possible that the total amount of unrecognized tax benefit will significantly increase or decrease in the next twelve months. Income tax expense considers amounts which may be needed to cover exposures for open tax years. We do not expect any material impact related to open tax years; however, actual settlements may differ from amounts accrued. We recognize interest and penalties related to uncertain tax positions in the provision for income taxes. During the years ended December31, 2009, 2008, and 2007, we recognized approximately $0.7 million, $0.7 million, and $1.0 million in interest and penalties. We had approximately $2.7 million for the payment of interest and penalties accrued within noncurrent taxes payable as of December31, 2009 and 2008. These amounts are not included in the reconciliation above. The components of the provision for income taxes consist of the following for the years ended December31 (in thousands): 2009 2008 2007 Tax provision: Federal $ 191,154 $ 179,376 $ 161,476 State 25,436 24,395 25,806 Foreign 10,271 12,825 10,663 226,861 216,596 197,945 Deferred provision (benefit) (630 ) 2,614 1,308 Total provision $ 226,231 $ 219,210 $ 199,253 A reconciliation of the provis

CAPITAL STOCK AND STOCK AWARD P

CAPITAL STOCK AND STOCK AWARD PLANS
	12 Months Ended Dec. 31, 2009 USD / shares
CAPITAL STOCK AND STOCK AWARD PLANS	NOTE 6: CAPITAL STOCK AND STOCK AWARD PLANS PREFERRED STOCK. Our Certificate of Incorporation authorizes the issuance of 20,000,000 shares of Preferred Stock, par value $.10 per share. There are no shares of Preferred Stock outstanding. The Preferred Stock may be issued by resolution of our Board of Directors at any time without any action of the stockholders. The Board of Directors may issue the Preferred Stock in one or more series and fix the designation and relative powers. These include voting powers, preferences, rights, qualifications, limitations, and restrictions of each series. The issuance of any such series may have an adverse effect on the rights of holders of Common Stock and may impede the completion of a merger, tender offer, or other takeover attempt. COMMON STOCK. Our Certificate of Incorporation authorizes 480,000,000 shares of Common Stock, par value $.10 per share. Subject to the rights of Preferred Stock which may from time to time be outstanding, holders of Common Stock are entitled to receive dividends out of funds legally available, when and if declared by the Board of Directors, and to receive their share of the net assets of the company legally available for distribution upon liquidation or dissolution. For each share of Common Stock held, stockholders are entitled to one vote on each matter to be voted on by the stockholders, including the election of directors. Holders of Common Stock are not entitled to cumulative voting; the holders of more than 50 percent of the outstanding Common Stock can elect all of any class of directors if they choose to do so. The stockholders do not have preemptive rights. All outstanding shares of Common Stock are fully paid and nonassessable. STOCK AWARD PLANS. Stock-based compensation cost is measured at the grant date based on the value of the award and is recognized as expense as it vests. Total compensation expense recognized in our statements of operations for stock-based compensation awards was $21.3 million in 2009, $20.8 million in 2008, and $38.0 million in 2007. Our 1997 Omnibus Stock Plan allows us to grant certain stock awards, including stock options at fair market value and restricted shares and units, to our key employees and outside directors. A maximum of 28,000,000 shares can be granted under this plan; approximately 8,083,000 shares were available for stock awards as of December31, 2009, which cover stock options and restricted stock awards. Awards that expire or are cancelled without delivery of shares generally become available for issuance under the plans. The contractual lives of all options as originally granted are ten years. Options vested over a five-year period from the date of grant, with none vesting the first year and one quarter vesting each year after that. Recipients are able to exercise options using a stock swap which results in a new, fully-vested restoration option with a grant price established based on the date of the swap and a remaining contractual life equal to the remaining life of the original option. Options issued to non-employee directors vested immediately. The fair value per option is established using the Black-Scholes

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES
	12 Months Ended Dec. 31, 2009 USD / shares
COMMITMENTS AND CONTINGENCIES	NOTE 7: COMMITMENTS AND CONTINGENCIES EMPLOYEE BENEFIT PLANS. We offer a defined contribution profit-sharing and savings plan which qualifies under section 401(k) of the Internal Revenue Code and covers all eligible U.S. employees. Annual profit-sharing contributions are determined by our Board of Directors, in accordance with the provisions of the plan. We can also elect to make matching contributions to the plan at the discretion of our Board of Directors. Profit-sharing plan expense, including matching contributions, was approximately $24.0 million in 2009, $30.0 million in 2008, and $30.3 million in 2007. We have committed to a profit sharing match of four percent of eligible compensation in 2010. NONQUALIFIED DEFERRED COMPENSATION PLAN. The Robinson Companies Nonqualified Deferred Compensation Plan provides certain employees the opportunity to defer a specified percentage or dollar amount of their cash and stock compensation. Participants may elect to defer up to 100 percent of their cash compensation. The accumulated benefit obligation was $1.0 million and $0.9 million as of December31, 2009 and December31, 2008, respectively. We have purchased investments to fund the future liability. The investments had an aggregate market value of $1.0 million as of December31, 2009 and $0.9 million as of December31, 2008, and are included in other assets in the consolidated balance sheets. In addition, all restricted shares granted but not yet delivered are also held within this plan. LEASE COMMITMENTS. We lease certain facilities and equipment under operating leases. Lease expense was $35.3 million for 2009, $32.1 million for 2008, and $26.9 million for 2007. Minimum future lease commitments under noncancelable lease agreements in excess of one year as of December31, 2009, are as follows (in thousands): 2010 $ 25,786 2011 21,021 2012 16,531 2013 12,894 2014 9,161 Thereafter 20,837 Total $ 106,230 In addition to minimum lease payments, we are typically responsible under our lease agreements to pay our pro rata share of maintenance expenses, common charges, and real estate taxes of the buildings we lease space in. LITIGATION. Gender Discrimination LawsuitAs we previously disclosed, certain gender discrimination class claims were settled in 2006. The settlement was within our insurance coverage limits, and was fully funded by insurance. Although the gender class settlement was fully funded by insurance, those insurers reserved the right to seek a court ruling that a portion of the settlement was not covered under their policies, and also to dispute payment of certain defense costs incurred in that litigation. Insurance coverage litigation between us and one of our insurance carriers concerning these issues and insurance coverage for individual lawsuits that were not part of the class settlement is pending in Minnesota State Court. The settlement of the gender discrimination class claims did not include claims of putative class members who subsequently filed individual Equal Employment Opportunity Commission (EEOC) charges after the denial of class statu

ACQUISITIONS

ACQUISITIONS
	12 Months Ended Dec. 31, 2009 USD / shares
ACQUISITIONS	NOTE 8: ACQUISITIONS In June 2009, we acquired the operating subsidiaries of Walker, an international freight forwarder headquartered in London, England. The purchase price was $9.8 million. Goodwill recognized in this transaction amounted to $9.0 million. Other intangible assets amounted to $2.2 million. All goodwill and other intangible assets related to this acquisition are tax deductible over 15 years. In July 2009, we acquired certain assets of ITC, based in Laredo, Texas. ITC was a United States customs brokerage company specializing in warehousing and distribution and cross-border services between the United States and Mexico. The purchase price was $7.0 million. Goodwill recognized in this transaction amounted to $3.9 million. Other intangible assets amount to $0.8 million. All goodwill and other intangible assets related to this acquisition are tax deductible over 15 years. In September2009, we acquired certain assets of Rosemont Farms Corporation, Inc., a produce marketing company, and an affiliated company Quality Logistics, LLC, atransportation provider that focused on produce transportation, both headquartered in Boca Raton, Florida. The purchase price was $29.0 million. Goodwill recognized in this transaction amounted to $23.6 million. Other intangible assets amount to $8.0 million. All goodwill and other intangible assets related to this acquisition are tax deductible over 15 years. In August 2008, we acquired certain ongoing operations of Transera International Holdings, Ltd., a project forwarding company based in Calgary, Canada. The purchase price was $51.7 million. Goodwill recognized in this transaction amounted to $37.5 million. Other intangible assets related to the acquisition amounted to $6.7 million which consists primarily of customer relationships, which are being amortized over six years. All goodwill and other intangible assets related to this acquisition are tax deductible over 15 years. In July 2007, we acquired certain assets of LXSI Services, Inc., a third party domestic air and expedited services provider based in Los Angeles, California. The purchase price was $9.75 million. Goodwill recognized in this transaction amounted to $7.5 million. Other intangible assets related to the acquisition amounted to $1.6 million. All goodwill and other intangible assets related to this acquisition are tax deductible over 15 years. Our results of operations were not materially impacted by any of these acquisitions individually or in aggregate. The results of operations and financial condition of these acquisitions have been included in our consolidated financial statements since their acquisition dates.

SUPPLEMENTARY DATA

SUPPLEMENTARY DATA
	12 Months Ended Dec. 31, 2009 USD / shares
SUPPLEMENTARY DATA	NOTE 9: SUPPLEMENTARY DATA Our unaudited results of operations for each of the quarters in the years ended December31, 2009 and 2008 are summarized below (in thousands, except per share data). 2009 March31 June30 September30 December31 Total revenues: Transportation $ 1,318,526 $ 1,487,577 $ 1,563,335 $ 1,606,664 Sourcing 359,134 427,010 379,594 389,554 Information Services 10,340 11,433 11,874 12,148 Total revenues 1,688,000 1,926,020 1,954,803 2,008,366 Costs and expenses: Purchased transportation and related services 1,020,832 1,181,354 1,253,503 1,312,831 Purchased products sourced for resale 328,565 392,962 348,734 356,449 Personnel expenses 153,223 151,743 148,750 143,852 Other selling, general, and administrative expenses 48,012 50,077 49,015 52,476 Total costs and expenses 1,550,632 1,776,136 1,800,002 1,865,608 Income from operations 137,368 149,844 154,801 142,758 Net income $ 85,383 $ 92,253 $ 95,460 $ 87,734 Basic net income per share $ .50 $ .55 $ .57 $ .53 Diluted net income per share $ .50 $ .54 $ .57 $ .52 Basic weighted average shares outstanding 169,140 167,972 167,191 166,258 Dilutive effect of outstanding stock awards 1,685 1,612 1,457 1,471 Diluted weighted average shares outstanding 170,825 169,584 168,648 167,729 Market price range of common stock: High $ 56.14 $ 55.25 $ 59.63 $ 61.69 Low $ 37.36 $ 44.19 $ 49.06 $ 54.58 2008 March31 June30 September30 December31 Total revenues: Transportation $ 1,641,612 $ 1,927,354 $ 1,953,555 $ 1,607,090 Sourcing 331,297 380,933 350,060 335,963 Information Services 12,303 13,419 12,978 12,050 Total revenues 1,985,212 2,321,706 2,316,593 1,955,103 Cost of transportation, products, and handling: Purchased transportation and related services 1,342,939 1,629,872 1,643,168 1,301,053 Purchased products sourced for resale 304,244 350,648 321,837 309,890 Personnel expenses 153,754 146,521 152,331 149,216 Other selling, general, and administrative expenses 48,198 50,159 50,638 52,560 Total costs and expenses 1,849,135 2,177,200 2,167,974 1,812,719 Income from operations 136,077 144,506 148,619 142,384 Net inco

Schedule II. Valuation and Qual

Schedule II. Valuation and Qualifying Accounts
	12 Months Ended Dec. 31, 2009 USD / shares
Schedule II. Valuation and Qualifying Accounts	Schedule II. Valuation and Qualifying Accounts Allowance for Doubtful Accounts The transactions in the allowance for doubtful accounts for the years ended December31, 2009, 2008, and 2007 were as follows (in thousands): December31, 2009 December31, 2008 December31, 2007 Balance, beginning of year $ 29,263 $ 28,023 $ 29,033 Provision 16,685 14,329 6,745 Write-offs (15,297 ) (13,089 ) (7,755 ) Balance, end of year $ 30,651 $ 29,263 $ 28,023

Document Information

Document Information
	12 Months Ended Dec. 31, 2009 USD / shares
Document Type	10-K
Amendment Flag	false
Document Period End Date	2009-12-31

Entity Information

Entity Information (USD $)
	12 Months Ended Dec. 31, 2009	Feb. 22, 2010	Jun. 30, 2009
Trading Symbol	CHRW
Entity Registrant Name	C H ROBINSON WORLDWIDE INC
Entity Central Index Key	0001043277
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		166,567,389
Entity Public Float			$8,641,788,000