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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total revenue $ 1,846,654 $ 1,552,979 $ 3,669,121 $ 3,189,911
Operating expenses:        
Salaries, wages, and benefits 691,878 533,237 1,384,785 1,069,979
Fuel 222,573 168,300 457,162 356,059
Operations and maintenance 138,251 101,380 272,884 200,691
Insurance and claims 105,438 137,306 227,884 275,345
Operating taxes and licenses 30,374 28,332 61,703 54,222
Communications 8,264 6,184 15,797 11,933
Depreciation and amortization of property and equipment 178,850 156,381 360,715 312,347
Amortization of intangibles 18,544 16,505 37,087 32,688
Rental expense 43,930 16,073 86,926 31,141
Purchased transportation 286,768 258,259 564,025 538,988
Impairments 5,877 0 9,859 0
Miscellaneous operating expenses 52,447 36,992 106,279 67,701
Total operating expenses 1,783,194 1,458,949 3,585,106 2,951,094
Operating income 63,460 94,030 84,015 238,817
Other (expenses) income:        
Interest income 3,817 5,508 8,839 10,557
Interest expense (40,482) (24,354) (81,718) (47,445)
Other income, net 4,888 9,679 13,880 19,382
Total other (expenses) income, net (31,777) (9,167) (58,999) (17,506)
Income before income taxes 31,683 84,863 25,016 221,311
Income tax expense 11,790 21,959 8,116 54,694
Net income 19,893 62,904 16,900 166,617
Net loss attributable to noncontrolling interest 407 422 765 993
Net income attributable to Knight-Swift 20,300 63,326 17,665 167,610
Other comprehensive income 41 531 3 1,621
Comprehensive income $ 20,341 $ 63,857 $ 17,668 $ 169,231
Earnings per share:        
Basic (in dollars per share) $ 0.13 $ 0.39 $ 0.11 $ 1.04
Diluted (in dollars per share) 0.13 0.39 0.11 1.04
Dividends declared per share: (in dollars per share) $ 0.16 $ 0.14 $ 0.32 $ 0.28
Weighted average shares outstanding:        
Basic (in shares) 161,689 161,116 161,598 161,018
Diluted (in shares) 162,111 161,940 162,089 161,917
Revenue, excluding truckload and LTL fuel surcharge        
Total revenue $ 1,641,701 $ 1,390,448 $ 3,254,515 $ 2,840,741
Truckload and LTL fuel surcharge        
Total revenue $ 204,953 $ 162,531 $ 414,606 $ 349,170