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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Disaggregated Revenue

The composition of our revenue is summarized below:

		Year Ended December 31,
(In thousands)		2022				2021				2020
LTL services		$	6,177,055			$	5,177,497			$	3,961,054
Other services			83,022				78,831				54,075
Total revenue		$	6,260,077			$	5,256,328			$	4,015,129

Estimated Useful Lives of Property and Equipment

The following table provides the estimated useful lives by asset type:

Structures		7 to 30 years
Revenue equipment		4 to 15 years
Other equipment		2 to 20 years
Leasehold improvements		Lesser of economic life or life of lease

Summary of Accelerated Repurchase Activity

The table below summarizes our accelerated share repurchase activity for 2022 and 2021.

						Agreement
Agreement			Settlement			Amount				Initial Shares				Shares Received				Total Shares
Date			Date			(In millions)				Received				at Settlement				Received
February 2021			August 2021			$	275.0				960,330				140,716				1,101,046
August 2021			January 2022			$	250.0				655,365				123,410				778,775
February 2022			April 2022			$	400.0				1,018,157				372,809				1,390,966

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Tabular disclosure of an entity's revenue disaggregated by service.

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Tabular disclosure of accelerated share repurchase (ASR) programs. An ASR is a combination of transactions that permits an entity to purchase a targeted number of shares immediately with the final purchase price of those shares determined by an average market price over a fixed period of time. An accelerated share repurchase program is intended to combine the immediate share retirement benefits of a tender offer with the market impact and pricing benefits of a disciplined daily open market stock repurchase program. ASRs can be disclosed as part of stockholders' equity.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 25
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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
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