XML 43 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Components Of The Provision For Income Taxes

The components of the provision for income taxes are as follows:

		Year Ended December 31,
(In thousands)		2013				2012				2011
Current:
Federal		$	74,202			$	74,074			$	27,470
State		15,635				11,890				9,796
		89,837				85,964				37,266
Deferred:
Federal		28,593				14,978				39,934
State		4,143				2,704				3,414
		32,736				17,682				43,348
Total provision for income taxes		$	122,573			$	103,646			$	80,614

Schedule Of Effective Income Tax Reconciliation Of The U.S. Statutory Federal Income Tax Rates

The following is a reconciliation of the U.S. statutory federal income tax rates with our effective income tax rates for 2013, 2012 and 2011:

		Year Ended December 31,
(In thousands)		2013				2012				2011
Tax provision at statutory rate		$	115,040			$	95,584			$	77,029
State income taxes, net of federal benefit		12,083				10,211				7,480
Meals and entertainment disallowance		872				828				721
Tax credits		(5,422		)		(2,609		)		(4,453		)
Other, net		—				(368		)		(163		)
Total provision for income taxes		$	122,573			$	103,646			$	80,614

Schedule Of Deferred Tax Assets And Liabilities

Deferred tax assets and liabilities consist of the following:

		December 31,
(In thousands)		2013				2012
Deferred tax assets:
Claims and insurance reserves		$	35,200			$	32,499
Allowance for doubtful accounts		1,595				2,829
Accrued vacation		14,873				12,399
Deferred compensation		22,067				17,734
Other		10,648				9,764
Total deferred tax assets		84,383				75,225
Valuation allowance		(460		)		(559		)
Net deferred tax assets		83,923				74,666
Deferred tax liabilities:
Depreciation and amortization		(239,971		)		(197,875		)
Unrecognized revenue		(8,169		)		(8,171		)
Other		(1,651		)		(1,752		)
Total deferred tax liabilities		(249,791		)		(207,798		)
Net deferred tax liability		$	(165,868	)		$	(133,132	)

Schedule Of Net Deferred Tax Liability

Our net deferred tax liability consists of the following:

		December 31,
(In thousands)		2013				2012
Current deferred tax asset		$	23,249			$	20,054
Noncurrent deferred tax liability		(189,117		)		(153,186		)
Net deferred tax liability		$	(165,868	)		$	(133,132	)

X

- Definition

Schedule Of Net Deferred Tax Liability [Table Text Block]

+ References

No definition available.

+ Details

Name:	odfl_ScheduleOfNetDeferredTaxLiabilityTableTextBlock
Namespace Prefix:	odfl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration