XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
OPERATING REVENUES:        
Operating revenues $ 135,302 $ 108,646 $ 254,761 $ 218,050
OPERATING EXPENSES AND COSTS:        
Salaries, wages and benefits 29,971 25,263 58,610 51,167
Operating supplies and expenses 23,506 19,410 46,176 39,642
Rent and purchased transportation 52,075 43,717 97,992 86,839
Depreciation 12,734 10,485 24,358 21,156
Insurance and claims 4,451 4,439 8,719 9,135
Other 3,067 2,304 5,648 4,421
(Gain) loss on disposition of equipment (519) 130 (515) 130
Total operating expenses and costs 125,285 105,748 240,988 212,490
OPERATING INCOME 10,017 2,898 13,773 5,560
NON-OPERATING INCOME/(EXPENSE) 632 650 (247) 2,702
INTEREST EXPENSE (1,355) (935) (2,515) (1,912)
INCOME BEFORE INCOME TAXES 9,294 2,613 11,011 6,350
FEDERAL AND STATE INCOME TAX EXPENSE:        
Current 142 66 177 133
Deferred 1,863 938 2,158 2,325
Total federal and state income tax expense 2,005 1,004 2,335 2,458
NET INCOME $ 7,289 $ 1,609 $ 8,676 $ 3,892
INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 1.18 $ 0.25 $ 1.41 $ 0.61
Diluted (in dollars per share) $ 1.17 $ 0.25 $ 1.39 $ 0.61
AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 6,159 6,381 6,163 6,390
Diluted (in shares) 6,229 6,430 6,257 6,412
Freight Transportation Service [Member]        
OPERATING REVENUES:        
Operating revenues $ 112,881 $ 93,097 $ 211,985 $ 186,700
Fuel Surcharge [Member]        
OPERATING REVENUES:        
Operating revenues $ 22,421 $ 15,549 $ 42,776 $ 31,350