XML 21 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Total revenue $ 391.0 $ 433.0
Operating expenses:    
Salaries, wages and employee benefits 110.4 119.1
Operations and maintenance 45.6 54.8
Communications 1.0 1.0
Administrative expenses 20.2 16.1
Sales and marketing 0.7 1.2
Insurance and claims 15.0 12.5
Depreciation and amortization 26.3 41.5
Gain on disposition of property and equipment (1.2) (0.4)
Impairment 13.4  
Restructuring charges 0.5  
Total operating expenses 399.3 432.3
Income (loss) from operations (8.3) 0.7
Other expense (income):    
Interest income (0.3) (0.2)
Interest expense 12.0 12.7
Other 1.2 (0.6)
Total other expense 12.9 11.9
Loss before benefit for income taxes (21.2) (11.2)
Benefit for income taxes (3.9) (1.9)
Net loss (17.3) (9.3)
Other comprehensive income (loss):    
Foreign currency translation adjustments, net of tax of $(0.2) and $0.1, respectively (0.5) 0.1
Comprehensive loss (17.8) (9.2)
Net loss (17.3) (9.3)
Net loss attributable to common stockholders $ (18.5) $ (10.5)
Net loss per common share:    
Basic and Diluted (in dollars per share) $ (0.29) $ (0.16)
Weighted-average common shares outstanding:    
Basic and Diluted (in shares) 64,598,025 64,469,642
Series A    
Other comprehensive income (loss):    
Less dividends to convertible preferred stockholders $ (1.2) $ (1.2)
Weighted-average common shares outstanding:    
Dividends declared per convertible preferred share $ 1.91 $ 1.91
Company freight    
Revenues:    
Total revenue $ 180.9 $ 206.2
Operating expenses:    
Purchased freight 134.2 146.6
Owner operator freight    
Revenues:    
Total revenue 107.8 111.0
Brokerage    
Revenues:    
Total revenue 61.7 71.4
Logistics    
Revenues:    
Total revenue 10.1 12.4
Fuel surcharge    
Revenues:    
Total revenue 30.5 32.0
Operating expenses:    
Fuel 28.7 35.0
Service    
Operating expenses:    
Taxes and licenses $ 4.5 $ 4.9