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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME        
Operating revenue $ 202,130 $ 170,031 $ 403,193 $ 328,536
Operating expenses:        
Salaries, wages and employee benefits 42,238 36,488 84,125 73,043
Fuel and fuel taxes 22,638 12,414 39,675 23,858
Depreciation and amortization 8,986 9,163 17,010 18,733
Insurance and claims 7,046 5,181 13,669 10,990
Equipment rent 1,526 2,048 3,360 3,997
Operations and maintenance 9,925 8,783 18,440 15,849
Purchased transportation 95,692 82,938 194,011 157,041
Operating taxes and licenses 1,273 1,323 2,533 2,595
Communications and utilities 735 796 1,741 1,600
Gain on disposal of assets, net (881) (140) (7,282) (317)
Merger costs 2,132 0 2,132  
Other 4,968 4,108 9,244 8,172
Total operating expenses 196,278 163,102 378,658 315,561
Operating income 5,852 6,929 24,535 12,975
Other expenses:        
Interest expense, net 1,542 1,014 2,959 2,039
Other, net 84 49 152 110
Total other expenses, net 1,626 1,063 3,111 2,149
Income before income taxes 4,226 5,866 21,424 10,826
Income tax expense 1,027 1,673 5,114 3,036
Consolidated net income and comprehensive income $ 3,199 $ 4,193 $ 16,310 $ 7,790
Net earnings per share:        
Average shares outstanding (basic) (in shares) 8,876 8,806 8,904 8,826
Basic earnings per share (in dollars per share) $ 0.36 $ 0.48 $ 1.83 $ 0.88
Average shares outstanding (diluted) (in shares) 8,987 8,947 9,062 8,976
Diluted earnings per share (in dollars per share) $ 0.36 $ 0.47 $ 1.80 $ 0.87