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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating Revenue $ 137,192 $ 127,411 $ 264,884 $ 243,028
Operating Expenses        
Salaries, wages, and benefits 41,728 42,320 83,929 82,858
Rent and purchased transportation 1,998 2,533 3,936 4,927
Fuel 42,308 31,012 81,455 60,552
Operations and maintenance 6,150 4,141 11,246 7,571
Operating taxes and licenses 2,244 2,202 4,552 4,025
Insurance and claims 3,958 5,422 6,452 8,373
Communications and utilities 728 860 1,371 1,762
Depreciation 13,664 15,379 26,042 31,102
Other operating expenses 3,389 3,535 6,872 6,527
Gain on disposal of property and equipment (11,662) (2,026) (15,530) (2,533)
Total operating expenses 104,505 105,378 210,325 205,164
Operating income 32,687 22,033 54,559 37,864
Interest income 208 416 446 819
Income before income taxes 32,895 22,449 55,005 38,683
Federal and state income taxes 10,363 5,796 17,593 10,143
Net income $ 22,532 $ 16,653 $ 37,412 $ 28,540
Earnings per share $ 0.25 $ 0.18 $ 0.41 $ 0.31
Weighted average shares outstanding 90,689 90,689 90,689 90,689
Dividends declared per share $ 0.02 $ 0.02 $ 0.04 $ 0.04