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Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Disaggregated Revenue

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

		Three Months Ended								Six Months Ended
		June 30,								June 30,
(In thousands)		2023				2022				2023				2022
LTL services		$	1,397,815			$	1,644,659			$	2,822,187			$	3,120,440
Other services			15,374				22,789				33,138				44,288
Total revenue from operations		$	1,413,189			$	1,667,448			$	2,855,325			$	3,164,728

Summary of Accelerated Repurchase Activity

The table below summarizes our accelerated share repurchase activity for the six months ended June 30, 2022. There was no accelerated share repurchase activity for the six months ended June 30, 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

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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 30
-Name Accounting Standards Codification
-Section 25
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481138/505-30-25-5

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