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Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Policies [Abstract]

Disaggregated Revenue

We have one operating segment and the composition of our revenue is summarized below:

		Three Months Ended
		March 31,
(In thousands)		2023				2022
LTL services		$	1,424,372			$	1,475,781
Other services			17,764				21,499
Total revenue from operations		$	1,442,136			$	1,497,280

Summary of Accelerated Repurchase Activity

The table below summarizes our accelerated share repurchase activity for the three months ended March 31, 2022. There was no accelerated share repurchase activity in 2023.

Agreement

Agreement

Settlement

Amount

Initial Shares

Shares Received

Total Shares

Date

Date

(In millions)

Received

at Settlement

Received

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

X

- Definition

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

+ References

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- Definition

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 25
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=6405686&loc=d3e22802-112653

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