Acquisition

9 Months Ended

Sep. 30, 2012

Acquisition [Abstract]

Acquisition

5) Acquisition

On July 2, 2012, Saia, Inc. acquired Robart Transportation, Inc. and its subsidiary, The RL Services Group, LLC (the Robart Companies). The acquired Robart Companies provide customers with quality non-asset truckload full service and logistics solutions. The purchase price of the acquisition was $7.9 million plus an earnout subject to performance of the acquired companies in 2013 up to a maximum of $1.3 million. The Company believes the acquisition supports the strategic goal of diversifying Saia’s portfolio of service offerings.

During the third quarter of 2012, the Company preliminarily allocated the purchase price in excess of net tangible assets between tax deductible goodwill and other identifiable intangible assets related to the July 2, 2012 acquisition of the Robart Companies. The cash purchase price has been preliminarily allocated based on independent appraisals and management’s estimates as follows (in thousands):

Consideration:
Cash	$	(7,934	)
Contingent consideration arrangement		(1,162	)
Fair value of total consideration transferred	$	(9,096	)
Acquisition related costs included in SG&A	$	150
Recognized amounts of identifiable assets acquired and liabilities assumed:
Current assets	$	2,082
Property and equipment		44
Customer Lists		3,184
Current liabilities		(1,445	)
Total identifiable net assets assumed	$	3,865
Goodwill		5,231
Total	$	9,096