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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Freight $ 171,245 $ 135,415 $ 446,454 $ 398,466
Brokerage 34,198 25,977 83,723 68,358
Logistics 7,871   10,571  
Fuel surcharge 18,008 12,756 48,331 34,562
Total revenue 231,322 174,148 589,079 501,386
Operating expenses:        
Salaries, wages and employee benefits 64,955 49,298 174,253 149,861
Fuel 24,734 17,296 64,423 49,076
Operations and maintenance 35,132 27,874 86,332 72,933
Communications 539 370 1,491 1,208
Purchased freight 61,598 42,541 148,945 120,501
Administrative expenses 8,619 5,221 24,019 17,711
Sales and marketing 488 435 1,425 1,280
Taxes and licenses 2,963 2,268 7,855 6,946
Insurance and claims 6,351 5,065 15,516 13,648
Acquisition-related transaction expenses 773   2,255 18
Depreciation and amortization 19,805 16,998 53,758 50,515
(Gain) loss on disposition of revenue property and equipment (339) (495) (513) 158
Impairment of revenue property and equipment   1,195   1,195
Total operating expenses 225,618 168,066 579,759 485,050
Income from operations 5,704 6,082 9,320 16,336
Other (income) expense:        
Interest income (76) (4) (130) (40)
Interest expense 8,624 6,724 21,064 17,521
Write-off of unamortized deferred financing fees     3,883  
Other (32) (64) (247) (266)
Total other expense 8,516 6,656 24,570 17,215
Loss before provision (benefit) for income taxes (2,812) (574) (15,250) (879)
Provision (benefit) for income taxes (2,862) 683 (3,448) 607
Net income (loss) 50 (1,257) (11,802) (1,486)
Other comprehensive income (loss):        
Unrealized income (loss) on interest rate swaps   61 52 (1)
Foreign currency translation adjustments 526   1,032  
Comprehensive income (loss) 576 (1,196) (10,718) (1,487)
Net income (loss) 50 (1,257) (11,802) (1,486)
Net loss attributable to common stockholders $ (1,175) $ (2,500) $ (15,527) $ (5,215)
Net income (loss) per common share:        
Basic and Diluted $ (0.03) $ (0.12) $ (0.45) $ (0.25)
Weighted-average common shares outstanding:        
Basic and Diluted 39,359,523 20,980,961 34,790,861 20,980,961
Series A        
Other comprehensive income (loss):        
convertible preferred stockholders $ (1,225)   $ (2,919)  
Weighted-average common shares outstanding:        
Dividends declared per convertible preferred share $ 1.91   $ 2.59  
Series B        
Other comprehensive income (loss):        
convertible preferred stockholders   $ (1,243) $ (806) $ (3,729)
Weighted-average common shares outstanding:        
Dividends declared per convertible preferred share   $ 18.75 $ 12.50 $ 18.75