XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
OPERATING REVENUES:        
Operating revenues $ 183,085 $ 121,942 $ 493,206 $ 344,075
OPERATING EXPENSES AND COSTS:        
Salaries, wages and benefits 34,937 30,618 102,173 90,991
Operating supplies and expenses 25,712 20,875 74,375 62,866
Rent and purchased transportation 72,698 41,402 192,387 114,688
Depreciation 12,740 13,403 41,426 41,936
Insurance and claims 3,443 3,145 9,806 5,701
Other 3,008 2,599 8,505 10,411
Gain on disposition of equipment (276) (174) (962) (71)
Total operating expenses and costs 152,262 111,868 427,710 326,522
OPERATING INCOME 30,823 10,074 65,496 17,553
NON-OPERATING INCOME (EXPENSE) 37 (94) 6,853 (6,209)
INTEREST EXPENSE (1,899) (2,211) (6,372) (6,601)
INCOME BEFORE INCOME TAXES 28,961 7,769 65,977 4,743
FEDERAL AND STATE INCOME TAX EXPENSE:        
Current 2,141 106 2,368 106
Deferred 5,461 1,663 14,984 763
Total federal and state income tax expense 7,602 1,769 17,352 869
NET INCOME $ 21,359 $ 6,000 $ 48,625 $ 3,874
INCOME PER COMMON SHARE:        
Basic (in dollars per share) $ 1.88 $ 0.52 $ 4.26 $ 0.34
Diluted (in dollars per share) $ 1.87 $ 0.52 $ 4.24 $ 0.34
AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 11,362 11,526 11,421 11,516
Diluted (in shares) 11,430 11,536 11,481 11,550
Freight Transportation Service [Member]        
OPERATING REVENUES:        
Operating revenues $ 166,331 $ 109,854 $ 446,647 $ 307,441
Fuel Surcharge [Member]        
OPERATING REVENUES:        
Operating revenues $ 16,754 $ 12,088 $ 46,559 $ 36,634