Document and Entity Information

9 Months Ended

Sep. 30, 2012

Nov. 5, 2012

Document Type

10-Q

Amendment Flag

false

Document Period End Date

Sep. 30, 2012

Document Fiscal Year Focus

2012

Document Fiscal Period Focus

Q3

Trading Symbol

CHRW

Entity Registrant Name

C H ROBINSON WORLDWIDE INC

Entity Central Index Key

0001043277

Current Fiscal Year End Date

--12-31

Entity Filer Category

Large Accelerated Filer

Entity Common Stock, Shares Outstanding

161,192,483

Condensed Consolidated Balance Sheets (USD $)

In Thousands, unless otherwise specified

Sep. 30, 2012

Dec. 31, 2011

Current assets:

Cash and cash equivalents

$ 272,955

$ 373,669

Receivables, net of allowance for doubtful accounts of $33,326 and $31,328

1,334,577

1,189,637

Deferred tax asset

6,639

8,382

Prepaid expenses and other

39,760

39,855

Assets held for sale, excluding $24.3 million of cash

72,235

0

Total current assets

1,726,166

1,611,543

Property and equipment, net

134,437

126,830

Goodwill

359,606

359,688

Intangible and other assets, net

23,058

39,980

Total assets

2,243,267

2,138,041

Current liabilities:

Accounts payable and outstanding checks

729,744

704,734

Accrued expenses:

Compensation and profit-sharing contribution

86,473

117,541

Income taxes and other

34,514

54,357

Liabilities of Disposal Group, Including Discontinued Operation, Current

87,324

0

Total current liabilities

938,055

876,632

Long term liabilities:

Noncurrent income taxes payable

13,411

11,343

Other long term liabilities

926

1,592

Total liabilities

952,392

889,567

Stockholders' investment:

Preferred stock, $0.10 par value, 20,000 shares authorized; no shares issued or outstanding

0

Common stock, $0.10 par value, 480,000 shares authorized; 177,271 and 177,312 shares issued; 161,212 and 163,441 shares outstanding

16,121

16,344

Retained earnings

2,020,112

1,845,032

Additional paid-in capital

207,209

205,794

Accumulated other comprehensive loss

(9,878)

(9,115)

Treasury stock at cost (16,059 and 13,871 shares)

(942,689)

(809,581)

Total stockholders' investment

1,290,875

1,248,474

Total liabilities and stockholders' investment

$ 2,243,267

$ 2,138,041

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)

Share data in Thousands, except Per Share data, unless otherwise specified

Sep. 30, 2012

Dec. 31, 2011

Receivables, allowance for doubtful accounts

$ 33,326,000

$ 31,908,000

Preferred stock, par value

$ 0.10

Preferred stock, shares authorized

20,000

Preferred stock, shares issued

Preferred stock, shares outstanding

Common stock, par value

$ 0.10

Common stock, Shares authorized

480,000

Common stock, shares issued

177,271

177,312

Common stock, shares outstanding

161,212

163,441

Treasury stock, shares

16,059

13,871

Cash and cash equivalents

24,300,000

T-Chek [Member]

Cash and cash equivalents

$ 24,300,000

Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)

In Thousands, except Per Share data, unless otherwise specified

3 Months Ended

9 Months Ended

Sep. 30, 2012

Sep. 30, 2011

Sep. 30, 2012

Sep. 30, 2011

REVENUES:

Transportation

$ 2,445,883

$ 2,280,208

$ 7,099,485

$ 6,540,266

Sourcing

418,377

399,220

1,240,704

1,182,784

Payment Services

16,149

15,500

48,048

45,012

Total revenues

2,880,409

2,694,928

8,388,237

7,768,062

COSTS AND EXPENSES:

Purchased transportation and related services

2,063,109

1,905,731

5,980,489

5,455,022

Purchased products sourced for resale

384,630

366,131

1,134,809

1,081,767

Personnel expenses

179,342

178,117

539,964

532,171

Other selling, general, and administrative expenses

66,071

60,984

191,259

178,327

Total costs and expenses

2,693,152

2,510,963

7,846,521

7,247,287

Income from operations

187,257

183,965

541,716

520,775

Investment and other income

76

50

976

601

Income before provision for income taxes

187,333

184,015

542,692

521,376

Provision for income taxes

71,003

69,668

205,280

198,978

Net income

116,330

114,347

337,412

322,398

Other comprehensive (loss) income

1,867

(2,173)

(763)

(2,638)

Comprehensive income

$ 118,197

$ 112,174

$ 336,649

$ 319,760

Basic net income per share

$ 0.72

$ 0.70

$ 2.09

$ 1.96

Diluted net income per share

$ 0.72

$ 0.70

$ 2.08

$ 1.95

Basic weighted average shares outstanding

160,782

163,948

161,784

164,512

Dilutive effect of outstanding stock awards

221

523

258

582

Diluted weighted average shares outstanding

161,003

164,471

162,042

165,094

Condensed Consolidated Statements of Cash Flows (USD $)

In Thousands, unless otherwise specified

9 Months Ended

Sep. 30, 2012

Sep. 30, 2011

OPERATING ACTIVITIES

Net income

$ 337,412

$ 322,398

Adjustments to reconcile net income to net cash provided by operating activities:

Stock-based compensation

21,077

32,074

Depreciation and amortization

26,081

23,714

Provision for doubtful accounts

8,143

6,916

Deferred taxes and other

6,346

94

Changes in operating elements:

Receivables

(203,361)

(208,994)

Prepaid expenses and other

(2,042)

(2,547)

Accounts payable and outstanding checks

111,628

110,685

Accrued compensation and profit-sharing contribution

(28,230)

8,495

Accrued income taxes and other

(9,898)

720

Net cash provided by operating activities

267,156

293,555

INVESTING ACTIVITIES

Purchases of property and equipment

(28,096)

(17,402)

Purchases and development of software

(10,795)

(11,679)

Sales/maturities of available-for-sale-securities

0

9,311

Restricted Cash

0

5,000

Other investing activities

206

161

Net cash used for investing activities

(38,685)

(14,609)

FINANCING ACTIVITIES

Payment of contingent purchase price

(11,613)

(4,318)

Proceeds from stock issued for employee benefit plans

13,840

15,127

Stock tendered for payment of withholding taxes

(10,148)

(8,611)

Repurchases of common stock

(167,104)

(161,498)

Excess tax benefit on stock-based compensation

9,831

12,967

Cash dividends

(163,273)

(146,318)

Net cash used for financing activities

(328,467)

(292,651)

Effect of exchange rates on cash

(718)

(2,165)

Net change in cash and cash equivalents

(100,714)

(15,870)

Cash and cash equivalents, beginning of period

373,669

398,607

Cash and cash equivalents, end of period

$ 272,955

$ 382,737

General

1. General

Basis of Presentation

C.H. Robinson Worldwide, Inc. and our subsidiaries (“the company,” “we,” “us,” or “our”) are a global provider of transportation services and logistics solutions through a network of 234 branch offices operating in North America, Europe, Asia, South America, and Australia. The condensed consolidated financial statements include the accounts of C.H. Robinson Worldwide, Inc. and our majority owned and controlled subsidiaries. Our noncontrolling interests in subsidiaries are not significant. All intercompany transactions and balances have been eliminated in the condensed consolidated financial statements.

The condensed consolidated financial statements, which are unaudited, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these financial statements include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the financial statements for the interim periods presented. Interim results are not necessarily indicative of results for a full year.

Consistent with SEC rules and regulations, we have condensed or omitted certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States. You should read the condensed consolidated financial statements and related notes in conjunction with the consolidated financial statements and notes in our Annual Report on Form 10-K for the year ended December 31, 2011.

Goodwill and Intangible Assets

2. Goodwill and Intangible Assets

The change in the carrying amount of goodwill is as follows (in thousands):



Balance December 31, 2011	$	359,688
Foreign currency translation	(82		)
Balance as of September 30, 2012	$	359,606

A summary of our other intangible assets, with finite lives, which include primarily non-competition agreements and customer relationships, is as follows (in thousands):



	September 30, 2012			December 31, 2011
Gross	$	16,862		$	17,862
Accumulated amortization	(10,823		)	(9,708		)
Net	$	6,039		$	8,154

Other intangible assets, with indefinite lives, are as follows (in thousands):



	September 30, 2012		December 31, 2011
Trademarks	$	1,875	$	1,850

Amortization expense for other intangible assets is as follows (in thousands):



	Nine Months Ended
	September 30,
	2012		2011
Amortization expense	$	2,637	$	3,024

Estimated amortization expense for each of the five succeeding fiscal years based on the intangible assets at September 30, 2012 is as follows (in thousands):




Remainder of 2012	$	794
2013	3,271
2014	1,851
2015	70
2016	53
Total	$	6,039

Litigation

3. Litigation

We are not subject to any pending or threatened litigation other than routine litigation arising in the ordinary course of our business operations, including contingent auto liability cases. For such legal proceedings, we have accrued an amount that reflects the aggregate liability deemed probable and estimable, but this amount is not material to our consolidated financial position, results of operations, or cash flows. Because of the preliminary nature of many of these proceedings, the difficulty in ascertaining the applicable facts relating to many of these proceedings, the inconsistent treatment of claims made in many of these proceedings and the difficulty of predicting the settlement value of many of these proceedings, we are not able to estimate an amount or range of any reasonably possible additional losses. However, based upon our historical experience, the resolution of these proceedings is not expected to have a material effect on our financial condition, results of operations, or cash flows.

Fair Value Measurement

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 entity’s own assumptions or external inputs from inactive markets.

A financial asset or liability’s classification within the hierarchy is determined based on the lowest level of input that is significant to the fair value measurement.

The following tables present information as of September 30, 2012 and December 31, 2011, 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 (in thousands).



	Level 1		Level 2		Level 3		Total Fair Value
September 30, 2012
Contingent purchase price related to acquisitions	$	0	$	0	$	1,550	$	1,550
Total liabilities at fair value	$	0	$	0	$	1,550	$	1,550

December 31, 2011
Contingent purchase price related to acquisitions	$	0	$	0	$	13,070	$	13,070
Total liabilities at fair value	$	0	$	0	$	13,070	$	13,070

The tables below set forth a reconciliation of our beginning and ending Level 3 financial liability balances (in thousands).



	Three Months Ended
	September 30,
	2012		2011
Balance, beginning of period	$	1,474	$	13,493
Total unrealized losses included in earnings	76		111
Balance, end of period	$	1,550	$	13,604



	Nine Months Ended
	September 30,
	2012			2011
Balance, beginning of period	$	13,070		$	16,623
Payments of contingent purchase price	(11,613		)	(4,318		)
Total unrealized losses included in earnings	93			1,299
Balance, end of period	$	1,550		$	13,604

Stock Award Plans

5. 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. A summary of our total compensation expense recognized in our statements of operations for stock-based compensation is as follows (in thousands):



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2012
Stock-based compensation expense	$	4,518	$	9,465	$	21,077	$	32,074

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, directors, and other third party service providers. A maximum of 28,000,000 shares can be granted under this plan; approximately 5,576,000 shares were available for stock awards as of September 30, 2012, which cover all equity compensation grants, including stock options and restricted stock awards. Awards that expire or are canceled without delivery of shares generally become available for issuance under the plan.

Stock Options—We have awarded performance-based stock options to certain key employees. These options are subject to certain vesting requirements over a five-year period, based on the company’s earnings growth. Any options remaining unvested at the end of the five-year vesting period are forfeited to the company. Although participants can exercise options via a stock swap exercise, we do not issue reloads (restoration options) on the options granted in 2011.

The fair value of these options is established based on the market price on the date of grant, discounted for post-vesting holding restrictions, calculated using the Black-Scholes option pricing model. Changes in measured stock price volatility and interest rates are the primary reasons for changes in the discount. These grants are being expensed based on the terms of the awards. As of September 30, 2012, unrecognized compensation expense related to stock options was $14.5 million. The amount of future expense to be recognized will be based on the company’s earnings growth and certain other conditions.

Restricted Stock Awards—We have awarded performance-based restricted shares and restricted units to certain key employees and non-employee directors. These restricted shares and restricted units are subject to certain vesting requirements over a five-year period, based on the company’s earnings growth. The awards also contain restrictions on the awardees’ ability to sell or transfer vested shares or units for a specified period of time. The fair value of these shares is established based on the market price on the date of grant, discounted for post-vesting holding restrictions. For grants that are still available to vest, the discounts have varied from 18 percent to 22 percent and are calculated using the Black-Scholes option pricing model. Changes in the measured stock price volatility and interest rates are the primary reason for changes in the discount. These grants are being expensed based on the terms of the awards.

We have also awarded restricted shares and units to certain key employees that vest primarily based on their continued employment. The value of these awards is established by the market price on the date of the grant and is being expensed over the vesting period of the award.

We have also issued to certain key employees and non-employee directors restricted shares and units which are fully vested upon issuance. These shares and units contain restrictions on the awardees’ ability to sell or transfer vested shares and units for a specified period of time. The fair value of these shares is established using the same method discussed above. These grants have been expensed during the year they were earned.

As of September 30, 2012, there was unrecognized compensation expense of $143.3 million related to previously granted restricted shares and units. The amount of future expense to be recognized will be based primarily on the company’s earnings growth and certain other conditions.

Employee Stock Purchase Plan—Our 1997 Employee Stock Purchase Plan allows our employees to contribute up to $10,000 of their annual cash compensation to purchase company stock. Purchase price is determined using the closing price on the last day of the quarter, discounted by 15 percent. Shares are vested immediately. The following table summarizes employee stock purchase plan activity for the period:



Three months ended September 30, 2012
Shares purchased by employees	Aggregate cost to employees		Expense recognized by the company
50,802	$	2,529,584	$	446,397

Income Taxes

6. 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 2007.



	Three Months Ended
	September 30,
	2012		2011
Effective income tax rate	37.9	%	37.9	%

The effective income tax rate for both periods is greater than the statutory federal income tax rate primarily due to state income taxes, net of federal benefit.

Assets Held for Sale

Assets Held For Sale [Text Block]

7. Assets Held For Sale

On October 16, 2012, we sold substantially all of the operations of our subsidiary, T-Chek Systems, Inc. ("T-Chek"), which represented a majority of our Payment Services business, to Electronic Funds Source, LLC ("EFS") for $302.5 million in cash, subject to post-closing adjustments. EFS acquired the assets and assumed certain liabilities of T-Chek. We will record a gain on the sale of the assets and liabilities of approximately $280 million during the fourth quarter of 2012.

Pursuant to Accounting Standards Codification 360, Property, Plant, and Equipment, we classify assets as "Assets Held For Sale" when we have committed to a plan to sell the assets, including the initiation of a plan to locate a buyer, the assets are available for immediate sale, and it is probable that the assets will be sold within one year based on current conditions and sales prices. Upon classifying the assets as held for sale, the assets are recorded at the lower of historical cost or fair value less selling costs and depreciation is discontinued. The assets of T-Chek qualify as held for sale at September 30, 2012. Assets classified as held for sale were $72.2 million as of September 30, 2012. Liabilities directly related to assets held for sale totaled $87.3 million as of September 30, 2012.

In conjunction with the asset purchase agreement, we have entered into two ten-year agreements with EFS: a money transfer services agreement and a MasterCard services agreement. These agreements for ongoing activities between us and EFS are expected to result in significant cash outflows after the sale. Consequently, the sale of T-Chek's assets and liabilities will not result in the operating results of T-Chek being accounted for as a discontinued operation. Since the sale of T-Chek's assets and liabilities will not result in accounting for T-Chek's operations as a discontinued operation, the accompanying December 31, 2011 condensed consolidated balance sheet has not been reclassified to reflect the assets and liabilities of T-Chek as assets and liabilities held for sale.

A summary of the assets and liabilities of T-Chek, which are disclosed separately as held for sale in the condensed consolidated balance sheet, as of September 30, 2012 is as follows (in thousands):




Receivables, net	$	50,278
Prepaid expenses	1,324
Property and equipment, net	2,233
Other assets	18,400
Total assets held for sale	$	72,235

Accounts Payable	$	85,677
Other accrued expenses	1,647
Total liabilities held for sale	$	87,324

In addition to assets of T-Chek held for sale, cash of $24.3 million was acquired by EFS as a part of the transaction.

Subsequent Events

Subsequent Events [Text Block]

8. Subsequent Events

On October 1, 2012, we acquired all of the outstanding stock of the operating subsidiaries of Apreo Logistics S.A. ("Apreo"), a leading freight forwarder based in Warsaw, Poland for the purpose of expanding our current market presence and service offerings in Europe. For the year ended December 31, 2011, Apreo had gross revenues of approximately $100 million and net revenues of approximately $12 million. The total purchase price of Apreo was approximately $26.5 million which was paid in cash and is subject to post-closing adjustments.

On October 16, 2012, we sold substantially all of the operations of our subsidiary T-Chek, which represented a majority of our Payment Services business, to EFS. See Note 7 for a discussion of this transaction.

On October 29, 2012, we entered into a senior unsecured revolving credit facility for up to $500 million with a $500 million accordion feature, which expires on October 29, 2017. The purpose of this facility is to fund working capital, capital expenditures, dividends, share repurchases and to finance the acquisition of Phoenix International, Inc., ("Phoenix"). Advances under the facility carry an interest rate based our total funded debt to total capitalization, as measured at the end of each quarter, and are based on a spread over LIBOR for outstanding balances. In addition, there is a commitment fee on the average daily undrawn stated amount under each letter of credit issued under the facility.

On November 1, 2012, we acquired all of the outstanding stock of Phoenix for the purpose of expanding our current market presence and service offerings in international freight forwarding. In its most recently completed fiscal year, as of June 30, 2012, Phoenix generated gross revenues of approximately $807 million and net revenues of approximately $161 million. The total purchase price of Phoenix was $635 million, subject to post-closing adjustments. Ninety percent of the purchase was paid in cash, and ten percent was paid in newly-issued C.H. Robinson stock.

Goodwill and Intangible Assets (Tables)

Schedule of Goodwill

The change in the carrying amount of goodwill is as follows (in thousands):



Balance December 31, 2011	$	359,688
Foreign currency translation	(82		)
Balance as of September 30, 2012	$	359,606

Schedule of Finite-Lived Intangible Assets by Major Class

A summary of our other intangible assets, with finite lives, which include primarily non-competition agreements and customer relationships, is as follows (in thousands):



	September 30, 2012			December 31, 2011
Gross	$	16,862		$	17,862
Accumulated amortization	(10,823		)	(9,708		)
Net	$	6,039		$	8,154

Schedule of Indefinite-lived Intangible Assets by Major Class

Other intangible assets, with indefinite lives, are as follows (in thousands):



	September 30, 2012		December 31, 2011
Trademarks	$	1,875	$	1,850

Schedule of Amortization Expense

Amortization expense for other intangible assets is as follows (in thousands):



	Nine Months Ended
	September 30,
	2012		2011
Amortization expense	$	2,637	$	3,024

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated amortization expense for each of the five succeeding fiscal years based on the intangible assets at September 30, 2012 is as follows (in thousands):




Remainder of 2012	$	794
2013	3,271
2014	1,851
2015	70
2016	53
Total	$	6,039

Fair Value Measurement (Tables)

Fair Value, by Balance Sheet Grouping

The following tables present information as of September 30, 2012 and December 31, 2011, 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 (in thousands).



	Level 1		Level 2		Level 3		Total Fair Value
September 30, 2012
Contingent purchase price related to acquisitions	$	0	$	0	$	1,550	$	1,550
Total liabilities at fair value	$	0	$	0	$	1,550	$	1,550

December 31, 2011
Contingent purchase price related to acquisitions	$	0	$	0	$	13,070	$	13,070
Total liabilities at fair value	$	0	$	0	$	13,070	$	13,070

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The tables below set forth a reconciliation of our beginning and ending Level 3 financial liability balances (in thousands).



	Three Months Ended
	September 30,
	2012		2011
Balance, beginning of period	$	1,474	$	13,493
Total unrealized losses included in earnings	76		111
Balance, end of period	$	1,550	$	13,604



	Nine Months Ended
	September 30,
	2012			2011
Balance, beginning of period	$	13,070		$	16,623
Payments of contingent purchase price	(11,613		)	(4,318		)
Total unrealized losses included in earnings	93			1,299
Balance, end of period	$	1,550		$	13,604

Stock Award Plans (Tables)

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

A summary of our total compensation expense recognized in our statements of operations for stock-based compensation is as follows (in thousands):



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2012
Stock-based compensation expense	$	4,518	$	9,465	$	21,077	$	32,074

Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity

The following table summarizes employee stock purchase plan activity for the period:



Three months ended September 30, 2012
Shares purchased by employees	Aggregate cost to employees		Expense recognized by the company
50,802	$	2,529,584	$	446,397

Income Taxes (Tables)

Schedule of Effective Income Tax Rate Reconciliation



	Three Months Ended
	September 30,
	2012		2011
Effective income tax rate	37.9	%	37.9	%

Assets Held for Sale (Tables)

Disclosure of Long Lived Assets Held-for-sale [Table Text Block]

A summary of the assets and liabilities of T-Chek, which are disclosed separately as held for sale in the condensed consolidated balance sheet, as of September 30, 2012 is as follows (in thousands):




Receivables, net	$	50,278
Prepaid expenses	1,324
Property and equipment, net	2,233
Other assets	18,400
Total assets held for sale	$	72,235

Accounts Payable	$	85,677
Other accrued expenses	1,647
Total liabilities held for sale	$	87,324

General - Additional Information (Detail)

Sep. 30, 2012

Location

Significant Accounting Policies [Line Items]

Network of branch offices

234

Change in Carrying Amount of Goodwill (Detail) (USD $)

In Thousands, unless otherwise specified

9 Months Ended

Sep. 30, 2012

Goodwill [Line Items]

Beginning Balance

$ 359,688

Foreign currency translation

(82)

Ending Balance

$ 359,606

Summary of Other Intangible Assets With Finite Lives (Detail) (USD $)

In Thousands, unless otherwise specified

Sep. 30, 2012

Dec. 31, 2011

Finite-Lived Intangible Assets [Line Items]

Net

$ 6,039

Other Intangible Assets

Finite-Lived Intangible Assets [Line Items]

Gross

16,862

17,862

Accumulated amortization

(10,823)

(9,708)

Net

$ 6,039

$ 8,154

Other Intangible Assets With Indefinite Lives (Detail) (USD $)

In Thousands, unless otherwise specified

Sep. 30, 2012

Sep. 30, 2011

Indefinite-lived Intangible Assets [Line Items]

Trademarks

$ 1,875

$ 1,850

Amortization Expense of Other Intangible Assets (Detail) (USD $)

In Thousands, unless otherwise specified

9 Months Ended

Sep. 30, 2012

Sep. 30, 2011

Finite-Lived Intangible Assets [Line Items]

Amortization expense

$ 2,637

$ 3,024

Estimated Amortization Expense on Intangible Assets (Detail) (USD $)

In Thousands, unless otherwise specified

Sep. 30, 2012

Estimated amortization expense

Remainder of 2012

$ 794

2013

3,271

2014

1,851

2015

70

2016

53

Net

$ 6,039

Financial Assets and Liabilities at Fair Value on Recurring Basis (Detail) (Fair Value, Measurements, Recurring, USD $)

In Thousands, unless otherwise specified

Sep. 30, 2012

Dec. 31, 2011

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Contingent purchase price related to acquisitions

$ 1,550

$ 13,070

Total liabilities at fair value

1,550

13,070

Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Contingent purchase price related to acquisitions

0

Total liabilities at fair value

0

Level 2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Contingent purchase price related to acquisitions

0

Total liabilities at fair value

0

Level 3

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Contingent purchase price related to acquisitions

1,550

13,070

Total liabilities at fair value

$ 1,550

$ 13,070

Reconciliation of Beginning and Ending Level 3 Financial Liability Balances (Detail) (USD $)

In Thousands, unless otherwise specified

3 Months Ended

9 Months Ended

Sep. 30, 2012

Sep. 30, 2011

Sep. 30, 2012

Sep. 30, 2011

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Balance, beginning of period

$ 1,474

$ 13,493

$ 13,070

$ 16,623

Payments of contingent purchase price

(11,613)

(4,318)

Total unrealized losses included in earnings

76

111

93

1,299

Balance, end of period

$ 1,550

$ 13,604

$ 1,550

$ 13,604

Summary of Total Compensation Expense Recognized in Statements of Operation for Stock Based Compensation (Detail) (USD $)

In Thousands, unless otherwise specified

3 Months Ended

9 Months Ended

Sep. 30, 2012

Sep. 30, 2011

Sep. 30, 2012

Sep. 30, 2011

Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]

Stock-based compensation expense

$ 4,518

$ 9,465

$ 21,077

$ 32,074

Stock Award Plans - Additional Information (Detail) (USD $)

9 Months Ended

Sep. 30, 2012

Compensation Related Costs Share Based Payments Disclosure [Line Items]

Maximum shares that can be granted under stock plan

28,000,000

Shares available for stock awards

5,576,000

Stock award, vesting rights

These options are subject to certain vesting requirements over a five-year period, based on the company’s earnings growth.

Stock award, vesting period

5 years

Restricted stock awards, discount for post-vesting holding restriction, lower limit

18.00%

Restricted stock awards, discount for post-vesting holding restriction, upper limit

22.00%

Maximum employee contribution to purchase company stock

$ 10,000

Discount rate used to determine the purchase price

15.00%

Restricted Stock Awards

Compensation Related Costs Share Based Payments Disclosure [Line Items]

Stock award, vesting period

5 years

Unrecognized compensation expense

143,300,000

Stock Option

Compensation Related Costs Share Based Payments Disclosure [Line Items]

Unrecognized compensation expense

$ 14,500,000

Summary of Employee Stock Purchase Plan Activity (Detail) (USD $)

3 Months Ended

Sep. 30, 2012

Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]

Shares purchased by employees

50,802

Aggregate cost to employees

$ 2,529,584

Expense recognized by the company

$ 446,397

Effective Income Tax Rate (Detail)

3 Months Ended

Sep. 30, 2012

Sep. 30, 2011

Reconciliation of Statutory Federal Tax Rate [Line Items]

Effective income tax rate

37.90%

Assets Held for Sale (Details) (USD $)

3 Months Ended

Sep. 30, 2012

Dec. 31, 2011

Oct. 16, 2012

T-Chek [Member]

Sep. 30, 2012

T-Chek [Member]

Dec. 31, 2012

Subsequent Event [Member]

T-Chek [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Long Lived Assets Held-for-sale, Proceeds from Sale

$ 302,500,000

Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal

280,000,000

Accounts Receivable, Net, Current

50,278,000

Prepaid expenses

1,324,000

Property and equipment, net

2,233,000

Other Assets, Noncurrent

18,400,000

Assets Held-for-sale, Current

72,235,000

Accounts payable and outstanding checks

85,677,000

Accrued Liabilities, Current

1,647,000

Liabilities of Disposal Group, Including Discontinued Operation, Current

87,324,000

0

87,324,000

Assets Held-for-sale, Current Excluding Cash

$ 24,300,000

Subsequent Events (Details) (USD $)

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2012

Sep. 30, 2011

Sep. 30, 2012

Sep. 30, 2011

Dec. 31, 2011

Subsequent Event [Member]

Apreo [Member]

Sep. 30, 2012

Subsequent Event [Member]

Apreo [Member]

Jun. 30, 2012

Subsequent Event [Member]

Phoenix [Member]

Nov. 1, 2012

Subsequent Event [Member]

Phoenix [Member]

Oct. 29, 2012

Unsecured Debt [Member]

Senior Unsecured Revolving Credit Facility 2017 Term Loan [Member]

Subsequent Event [Member]

Subsequent Event [Line Items]

Revenues

$ 2,445,883,000

$ 2,280,208,000

$ 7,099,485,000

$ 6,540,266,000

$ 100,000,000

$ 807,000,000

Net Revenues

12,000,000

161,000,000

Business Acquisition, Cost of Acquired Entity, Purchase Price

26,500,000

635,000,000

Line of Credit Facility, Maximum Borrowing Capacity

500,000,000

Additional Borrowing Capacity Credit Facility

$ 500,000,000