XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues:    
Total revenue $ 327,581 $ 160,434
Operating expenses:    
Salaries, wages and employee benefits 82,344 50,121
Operations and maintenance 34,563 23,224
Communications 699 404
Administrative expenses 12,137 7,378
Sales and marketing 636 383
Insurance and claims 9,184 4,123
Acquisition-related transaction expenses 440 445
Depreciation and amortization 25,182 16,315
Gain on disposition of revenue property and equipment (155) (200)
Total operating expenses 319,824 161,283
Income (loss) from operations 7,757 (849)
Other expense (income):    
Interest income (442) (4)
Interest expense 10,337 5,896
Write-off of unamortized deferred financing fees   3,883
Other (959) (108)
Total other expense 8,936 9,667
Loss before benefit for income taxes (1,179) (10,516)
Benefit for income taxes (382) (2,770)
Net loss (797) (7,746)
Other comprehensive loss:    
Unrealized income on interest rate swaps   52
Foreign currency translation adjustments, net of $173 tax expense (320)  
Comprehensive loss (1,117) (7,694)
Net loss (797) (7,746)
Convertible preferred stockholders dividend (1,239)  
Net loss attributable to common stockholders $ (2,036) $ (8,552)
Net loss per common share:    
Basic and Diluted (in dollars per share) $ (0.04) $ (0.32)
Weighted-average common shares outstanding:    
Basic and Diluted (in shares) 54,315,736 26,931,186
Series A    
Other comprehensive loss:    
Convertible preferred stockholders dividend $ (1,239)  
Weighted-average common shares outstanding:    
Dividends declared per convertible preferred share $ 1.91 $ 0.00
Series B    
Other comprehensive loss:    
Convertible preferred stockholders dividend   $ (806)
Weighted-average common shares outstanding:    
Dividends declared per convertible preferred share   $ 12.50
Freight    
Revenues:    
Total revenue $ 240,071 $ 125,555
Operating expenses:    
Cost of revenue 117,724 37,586
Brokerage    
Revenues:    
Total revenue 46,139 20,869
Logistics    
Revenues:    
Total revenue 10,717  
Fuel    
Revenues:    
Total revenue 30,654 14,010
Operating expenses:    
Cost of revenue 33,376 19,223
Service    
Operating expenses:    
Taxes and licenses $ 3,694 $ 2,281