Discontinued Operation and Held for Sale (Tables)

9 Months Ended

Sep. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Weighted Average Assumptions

The weighted-average assumptions under the Monte Carlo simulation model were as follows:

	February 12, 2021
Counterparty credit spread	1.2%
Earnings before interest, taxes, depreciation and amortization discount rate	15.0%
Asset volatility	55.0%

Summarized Held for Sale and Discontinued Operations Financial Information

A summary of the results of operations classified as a discontinued operation, net of tax, in the Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2021 and 2020 is as follows:

	Three Months Ended				Nine Months Ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
Operating revenues	$	—	$	37,521	$	17,087	$	88,447
Operating expenses:
Purchased transportation	—		8,700		4,290		21,383
Salaries, wages and employee benefits	—		17,012		9,674		42,519
Operating leases	—		5,304		2,907		15,950
Depreciation and amortization	—		—		—		1,657
Insurance and claims	—		1,525		929		4,538
Fuel expense	—		1,045		644		2,785
Other operating expenses	—		4,467		2,087		12,309
Impairment charge	6,967		—		6,967		—
Total operating expenses	6,967		38,053		27,498		101,141
Loss from discontinued operation	(6,967)		(532)		(10,411)		(12,694)
Loss on sale of business	—		—		(2,860)		—
Loss from discontinued operation before income taxes	(6,967)		(532)		(13,271)		(12,694)
Income tax benefit	—		(187)		(771)		(3,236)
Loss from discontinued operation, net of tax	$	(6,967)	$	(345)	$	(12,500)	$	(9,458)