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SUPPLEMENTARY DATA (UNAUDITED)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
SUPPLEMENTARY DATA (UNAUDITED)
SUPPLEMENTARY DATA (UNAUDITED)
Our unaudited results of operations for each of the quarters in the years ended December 31, 2016 and 2015, are summarized below (in thousands, except per share data). 
2016
 
March 31
 
June 30
 
September 30
 
December 31
Revenues:
 
 
 
 
 
 
 
 
Transportation 
 
$
2,713,688

 
$
2,881,496

 
$
2,998,583

 
$
3,110,978

Sourcing
 
360,255

 
418,245

 
357,171

 
303,997

Total revenues
 
3,073,943

 
3,299,741

 
3,355,754

 
3,414,975

Costs and expenses:
 
 
 
 
 
 
 
 
Purchased transportation and related services
 
2,179,622

 
2,324,995

 
2,469,939

 
2,575,378

Purchased products sourced for resale
 
330,986

 
380,531

 
327,353

 
278,081

Personnel expenses
 
277,497

 
270,251

 
256,883

 
260,305

Other selling, general, and administrative expenses
 
86,886

 
90,217

 
90,312

 
107,646

Total costs and expenses
 
2,874,991

 
3,065,994

 
3,144,487

 
3,221,410

Income from operations
 
198,952

 
233,747

 
211,267

 
193,565

Net income
 
$
118,963

 
$
143,090

 
$
129,028

 
$
122,303

Basic net income per share
 
$
0.83

 
$
1.00

 
$
0.90

 
$
0.86

Diluted net income per share
 
$
0.83

 
$
1.00

 
$
0.90

 
$
0.86

Basic weighted average shares outstanding
 
143,525

 
142,998

 
142,611

 
141,711

Dilutive effect of outstanding stock awards
 
133

 
218

 
272

 
453

Diluted weighted average shares outstanding
 
143,658

 
143,216

 
142,883

 
142,164

Market price range of common stock:
 
 
 
 
 
 
 
 
High
 
$
75.11

 
$
76.10

 
$
75.69

 
$
77.89

Low
 
$
60.31

 
$
69.84

 
$
66.62

 
$
65.57

 
2015
 
March 31
 
June 30
 
September 30
 
December 31
Revenues:
 
 
 
 
 
 
 
 
Transportation
 
$
2,947,257

 
$
3,130,722

 
$
3,044,500

 
$
2,867,301

Sourcing
 
353,633

 
414,366

 
374,753

 
343,552

Total revenues
 
3,300,890

 
3,545,088

 
3,419,253

 
3,210,853

Costs and expenses:
 
 
 
 
 
 
 
 
Purchased transportation and related services 
 
2,452,112

 
2,582,374

 
2,484,409

 
2,323,376

Purchased products sourced for resale
 
323,668

 
378,696

 
346,269

 
316,700

Personnel expenses
 
255,144

 
263,999

 
264,077

 
268,190

Other selling, general, and administrative expenses
 
88,041

 
90,924

 
91,787

 
88,008

Total costs and expenses
 
3,118,965

 
3,315,993

 
3,186,542

 
2,996,274

Income from operations
 
181,925

 
229,095

 
232,711

 
214,579

Net income
 
$
106,476

 
$
137,208

 
$
139,432

 
$
126,583

Basic net income per share
 
$
0.73

 
$
0.94

 
$
0.96

 
$
0.88

Diluted net income per share
 
$
0.73

 
$
0.94

 
$
0.96

 
$
0.88

Basic weighted average shares outstanding
 
146,204

 
145,515

 
144,578

 
143,484

Dilutive effect of outstanding stock awards
 
179

 
164

 
204

 
660

Diluted weighted average shares outstanding
 
146,383

 
145,679

 
144,782

 
144,144

Market price range of common stock:
 
 
 
 
 
 
 
 
High
 
$
76.18

 
$
73.09

 
$
71.50

 
$
73.34

Low
 
$
67.11

 
$
61.46

 
$
61.64

 
$
59.71