XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Freight $ 125,555 $ 126,259
Brokerage 20,869 20,604
Fuel surcharge 14,010 10,018
Total revenue 160,434 156,881
Operating expenses:    
Salaries, wages and employee benefits 50,121 50,355
Fuel 19,223 14,497
Operations and maintenance 23,224 20,701
Communications 404 484
Purchased freight 37,586 36,775
Administrative expenses 7,378 7,394
Sales and marketing 383 363
Taxes and licenses 2,281 2,333
Insurance and claims 4,123 4,041
Acquisition-related transaction expenses 445 15
Depreciation and amortization 16,315 16,873
(Gain) loss on disposition of revenue property and equipment (200) 81
Total operating expenses 161,283 153,912
Income (loss) from operations (849) 2,969
Other (income) expense:    
Interest income (4) (20)
Interest expense 5,896 5,351
Write-off of unamortized deferred financing fees 3,883  
Other (108) (73)
Total other expense 9,667 5,258
Loss before provision for income taxes (10,516) (2,289)
Benefit for income taxes (2,770) (1,049)
Net loss (7,746) (1,240)
Other comprehensive loss:    
Unrealized income (loss) on interest rate swaps 52 (60)
Comprehensive loss (7,694) (1,300)
Net loss (7,746) (1,240)
Less Series B dividends to preferred stockholders (806) (1,243)
Net loss attributable to common stockholders $ (8,552) $ (2,483)
Net loss per common share:    
Basic and Diluted $ (0.32) $ (0.12)
Weighted-average common shares outstanding:    
Basic and Diluted 26,931,186 20,980,961
Dividends declared per preferred share $ 12.50 $ 18.75