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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total revenue $ 376,899 $ 197,323 $ 704,480 $ 357,757
Operating expenses:        
Salaries, wages and employee benefits 90,614 58,186 172,959 108,307
Operations and maintenance 40,465 28,967 75,028 52,191
Communications 807 549 1,506 952
Administrative expenses 13,077 8,022 25,214 15,400
Sales and marketing 651 555 1,287 937
Insurance and claims 10,428 5,042 19,612 9,165
Acquisition-related transaction expenses 1,402 1,037 1,842 1,483
Depreciation and amortization 31,766 17,638 56,948 33,953
(Gain) loss on disposition of revenue property and equipment (490) 26 (645) (174)
Impairment 2,840   2,840  
Total operating expenses 368,391 192,859 688,215 354,141
Income from operations 8,508 4,464 16,265 3,616
Other expense (income):        
Interest income (601) (50) (1,042) (54)
Interest expense 11,070 6,544 21,407 12,440
Write-off of unamortized deferred financing fees       3,883
Other (900) (107) (1,859) (215)
Total other expense 9,569 6,387 18,506 16,054
Loss before provision (benefit) for income taxes (1,061) (1,923) (2,241) (12,438)
Provision (benefit) for income taxes (14,546) 2,184 (14,929) (586)
Net income (loss) 13,485 (4,107) 12,688 (11,852)
Other comprehensive income (loss):        
Unrealized income on interest rate swaps       52
Foreign currency translation adjustments, net of tax expense (benefit) of $(78), $274, $(251) and $274, respectively (623) 507 (943) 507
Comprehensive income (loss) 12,862 (3,600) 11,745 (11,293)
Net income (loss) 13,485 (4,107) 12,688 (11,852)
Convertible preferred stockholders dividend     (2,478)  
Net income (loss) attributable to common stockholders $ 12,246 $ (5,800) $ 10,210 $ (14,352)
Net loss per common share:        
Basic and Diluted (in dollars per share) $ 0.20 $ (0.15) $ 0.17 $ (0.44)
Weighted-average common shares outstanding:        
Basic and Diluted (in shares) 60,558,956 37,945,310 57,935,688 32,468,674
Basic (in shares) 59,460 37,945 56,902 32,469
Diluted (in shares) 60,559 37,945 57,936 32,469
Series A        
Other comprehensive income (loss):        
Convertible preferred stockholders dividend $ (1,239) $ (1,693) $ (2,478) $ (1,694)
Weighted-average common shares outstanding:        
Dividends declared per convertible preferred share $ 1.91 $ 0.68 $ 3.81 $ 0.68
Series B        
Other comprehensive income (loss):        
Convertible preferred stockholders dividend       $ (806)
Weighted-average common shares outstanding:        
Dividends declared per convertible preferred share       $ 12.50
Freight        
Revenues:        
Total revenue $ 272,583 $ 149,654 $ 512,654 $ 275,209
Operating expenses:        
Cost of revenue 141,582 49,760 259,305 87,346
Brokerage        
Revenues:        
Total revenue 60,091 28,656 106,229 49,525
Logistics        
Revenues:        
Total revenue 8,891 2,700 19,609 2,700
Fuel        
Revenues:        
Total revenue 35,334 16,313 65,988 30,323
Operating expenses:        
Cost of revenue 31,359 20,466 64,735 39,689
Service        
Operating expenses:        
Taxes and licenses $ 3,890 $ 2,611 $ 7,584 $ 4,892