XML 12 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Condensed Consolidated Statements of Operations [Abstract]        
Revenues $ 208,271 $ 159,770 $ 379,429 $ 302,532
Operating expenses:        
Purchased transportation costs 156,398 124,436 286,765 235,103
Personnel and related benefits 20,323 15,420 38,058 29,688
Other operating expenses 17,904 9,657 32,338 19,121
Depreciation and amortization 1,053 766 1,882 1,617
Acquisition transaction expenses 106   320 332
IPO related expenses   1,500   1,500
Total operating expenses 195,784 151,779 359,363 287,361
Operating income 12,487 7,991 20,066 15,171
Interest expense:        
Interest on long-term debt 451 2,606 884 7,248
Dividends on preferred stock subject to mandatory redemption 50 50 100 100
Total interest expense 501 2,656 984 7,348
Loss on early extinguishment of debt   15,916   15,916
Income (loss) before provision (benefit) for income taxes 11,986 (10,581) 19,082 (8,093)
Provision (benefit) for income taxes 4,555 (4,454) 7,251 (3,423)
Net income (loss) 7,431 (6,127) 11,831 (4,670)
Accretion of Series B preferred stock   250   765
Net income (loss) available to common stockholders $ 7,431 $ (6,377) $ 11,831 $ (5,435)
Earnings (loss) per share available to common stockholders:        
Basic $ 0.25 $ (0.25) $ 0.39 $ (0.25)
Diluted $ 0.24 $ (0.25) $ 0.38 $ (0.25)
Weighted average common stock outstanding:        
Basic 30,285 25,497 30,227 21,906
Diluted 31,522 25,497 31,457 21,906